Form 990 for tax year 2022
Filed by FOOD CITY CHARITABLE FOUNDATION INC.
Totals
- Total revenue
- $1,495,073
- Total expenses
- $1,142,545
- Contributions and grants received
- $29,975
- Grants paid
- $1,128,132
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $1,465,098
- Total assets, end of year
- $3,914,361
- Total liabilities, end of year
- $134,464
- Net assets or fund balances, end of year
- $3,779,897
- Program services expenses (Part IX)
- $1,128,132
- Management and general expenses
- $14,413
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,128,132
Program services were 98.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$29,975
-
8a · Fundraising events: gross income
$1,988,868
-
8a · Fundraising events: contributions included on line 1c
$29,975
-
8b · Fundraising events: direct expenses
$523,770
-
8c · Net income from fundraising events
total $1,465,098 · excluded $1,465,098
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,128,132 · program services $1,128,132
-
11c · Fees: accounting
total $13,875 · management and general $13,875
-
24a · Other expenses: BANK FEES
total $323 · management and general $323
-
24b · Other expenses: WEBSITE FEES
total $160 · management and general $160
-
24c · Other expenses: BANK DEPOSIT FORMS
total $30 · management and general $30
-
24d · Other expenses: REGISTRATION
total $25 · management and general $25
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,256,984 · end of year $3,823,664
-
3 · Pledges and grants receivable
beginning of year $170,385 · end of year $90,697
-
18 · Grants payable
end of year $134,464
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $3,427,369 · end of year $3,779,897
Mission and programs · 2022
Mission
PROVIDE LOCAL NONPROFIT ORGANIZATIONS THROUGHOUT OUR REGION WITH THE ADDITIONAL FUNDS NEEDED TO DECREASE THEIR SHORT FALLS.
Activities or mission (Part I)
PROVIDE LOCAL NON PROFIT ORGANIZATIONS THROUGHOUT OUR REGION WITH THE ADDITIONAL FUNDS NEEDED TO DECREASE THEIR SHORTFALLS.
-
PROVIDE LOCAL NONPROFIT ORGANIZATIONS THROUGHOUT OUR REGION WITH THE ADDITIONAL FUNDS NEEDED TO DECREASE THEIR SHORT FALLS.
Expenses $1,128,132 · Grants $1,128,132
As filed on the 2022 return.
Listed in Part VII
-
Steven C SmithSTEVEN C SMITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tammy BaumgardnerTAMMY BAUMGARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin StaffordKEVIN STAFFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Israel O'QuinnISRAEL O'QUINN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Charlie FugateCHARLIE FUGATE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$134,464
CAFETERIA SPONSORSHIP
-
$100,000
SUPPORT THE MISSION OF THE CHARITY
-
ENHANCE ABINGDON FOUNDATION INC
$100,000
DONATION TO EQUIP SPORTS COMPLEX FOR COMMUNITY NEEDS
-
$50,000
SUPPORT THE MISSION OF THE CHARITY
-
$50,000
SUPPORT THE MISSION OF THE CHARITY
-
SUPPORT THE MISSION OF THE CHARITY
-
SUPPORT THE MISSION OF THE CHARITY
-
SUPPORT THE MISSION OF THE CHARITY
-
$25,000
CULTURAL ARTS & EDUCATION CENTER RENOVATION
-
$23,500
SUPPORT THE MISSION OF THE CHARITY
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301329349301650
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