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Nonprofiteer
← VICKERY MEADOW YOUTH DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by VICKERY MEADOW YOUTH DEVELOPMENT FOUNDATION.

Totals

Total revenue
$2,931,467
Total expenses
$986,494
Contributions and grants received
$2,943,222
Grants paid
$89,756
Program service revenue
$0
Investment income
-$16,435
Other revenue
$4,680
Total assets, end of year
$5,103,882
Total liabilities, end of year
$1,666,829
Net assets or fund balances, end of year
$3,437,053
Program services expenses (Part IX)
$878,076
Management and general expenses
$108,418
Fundraising expenses
$0
Program service expenses (Part III)
$878,076

Program services were 89.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,943,222

  • 3 · Investment income

    total $4,821 · excluded $4,821

  • 7b · Less cost or other basis and sales expenses

    other assets $21,256

  • 7c · Gain or loss

    other assets -$21,256

  • 7d · Net gain or loss

    total -$21,256 · excluded -$21,256

  • 11a · Other revenue: OTHER INCOME

    total $4,680 · excluded $4,680

  • 11e · Other revenue, total

    $4,680

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $69,756 · program services $69,756

  • 5 · Compensation of officers, directors and key employees

    total $135,000 · program services $94,500 · management and general $40,500

  • 7 · Other salaries and wages

    total $229,797 · program services $213,095 · management and general $16,702

  • 8 · Pension plan contributions

    total $11,083 · program services $9,463 · management and general $1,620

  • 9 · Other employee benefits

    total $25,118 · program services $23,165 · management and general $1,953

  • 10 · Payroll taxes

    total $27,843 · program services $24,087 · management and general $3,756

  • 11c · Fees: accounting

    total $34,591 · program services $24,214 · management and general $10,377

  • 11g · Fees: other

    total $81,835 · program services $81,835

  • 13 · Office expenses

    total $173 · program services $121 · management and general $52

  • 14 · Information technology

    total $10,688 · program services $8,751 · management and general $1,937

  • 16 · Occupancy

    total $9,529 · program services $6,670 · management and general $2,859

  • 17 · Travel

    total $2,656 · program services $1,859 · management and general $797

  • 19 · Conferences, conventions and meetings

    total $3,788 · program services $2,652 · management and general $1,136

  • 20 · Interest

    total $23,820 · program services $16,674 · management and general $7,146

  • 22 · Depreciation, depletion and amortization

    total $514 · program services $360 · management and general $154

  • 23 · Insurance

    total $10,128 · program services $7,150 · management and general $2,978

  • 24a · Other expenses: EAGLE SCHOLARS DIRECT E

    total $117,928 · program services $117,928 · management and general $0

  • 24b · Other expenses: ROBOTICS DIRECT EXPENSE

    total $89,453 · program services $89,453 · management and general $0

  • 24c · Other expenses: PROPERTY TAXES

    total $18,287 · program services $12,801 · management and general $5,486

  • 24d · Other expenses: AUDIT FEES

    total $11,950 · program services $8,365 · management and general $3,585

  • 24e · All other expenses

    total $52,557 · program services $45,177 · management and general $7,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,138 · end of year $457,925

  • 2 · Savings and temporary cash investments

    beginning of year $356,079 · end of year $176,548

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,340 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $414,328

  • 10b · Land, buildings and equipment: accumulated depreciation

    $49,828

  • 10c · Land, buildings and equipment, net

    beginning of year $365,015 · end of year $364,500

  • 12 · Investments: other securities

    beginning of year $140,841 · end of year $123,008

  • 15 · Other assets

    beginning of year $882,530 · end of year $3,981,901

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,511 · end of year $51,131

  • 23 · Secured mortgages and notes payable

    beginning of year $376,352 · end of year $1,615,698

  • 27 · Net assets without donor restrictions

    beginning of year $1,126,025 · end of year $3,295,633

  • 28 · Net assets with donor restrictions

    beginning of year $366,055 · end of year $141,420

Mission and programs · 2022

Mission

TO MAKE VICKERY MEADOW A GREAT COMMUNITY AND TO HELP ITS CHILDREN REACH THEIR FULL POTENTIAL. TO ENHANCE CHILDREN'S EDUCATION AND ENRICHMENT.

Activities or mission (Part I)

TO MAKE VICKERY MEADOW A GREAT COMMUNITY AND TO HELP ITS CHILDREN REACH THEIR FULL POTENTIAL.

  • EAGLE SCHOLARS - THE EAGLE SCHOLARS COLLEGE READINESS PROGRAM PROVIDES ACADEMIC, SOCIAL, AND EMOTIONAL ENCOURAGEMENT AND SUPPORT TO HIGH-POTENTIAL, UNDERSERVED STUDENTS. THE PROGRAM OFFERS A COMPREHENSIVE SET OF SERVICES, INCLUDING MENTORSHIP, COLLEGE AND CAREER COUNSELING, LEADERSHIP DEVELOPMENT, AND CULTURAL COMPETENCY. THE PROGRAM IS HELD EACH DAY FOR SIX WEEKS IN THE SUMMER AND WEEKLY DURING THE SCHOOL YEAR. ADDITIONALLY, THE PROGRAM PROVIDES SUPPORT TO THE SCHOLARS WHO GO ON TO COLLEGE AND SUPPORTS THEM THROUGH COLLEGE GRADUATION.

    Expenses $496,528

  • ROBOTICS - THE ROBOTICS PROGRAM IS PROVIDED AFTER SCHOOL AT CONRAD HIGH SCHOOL. THE SCHOOL HAS ALLOWED THE TEAM TO HAVE AN ENTIRE CLASSROOM SPACE FOR THE BUILDING AND TESTING OF ROBOTS. THE SPACE NOW INCLUDES 3D PRINTERS, JIGSAWS, NUMEROUS COMPUTERS, SHELVING, LOCKED CABINETS, AND SOLDERING EQUIPMENT.

    Expenses $125,504

  • ACADEMIC ENHANCEMENT - THIS REPRESENTS RESOURCES THE FOUNDATION PROVIDES TO INCREASE THE ACADEMIC ACHIEVEMENT OF THE YOUTH IN VICKERY. ITEMS IN THIS CATEGORY TYPICALLY INCLUDE: FUNDING EDUCATIONAL FIELD TRIPS, PROVIDING EDUCATIONAL ENRICHMENT OPPORTUNITIES IN COLLABORATION WITH THE LOCAL SCHOOLS, AND DISTRIBUTING BOOKS TO SECOND AND THIRD GRADERS FOR AT-HOME READING.

    Expenses $72,255 · Grants $20,000

  • Expenses $183,789 · Grants $69,756

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN NEILL

    PRESIDENT/CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • HARRY SMITH

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • PAIGE BRAUER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SUSAN HICKS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN HUSTIS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BARBARA NEILL

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FRANK NUCHERENO

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SALLY SPURGIN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ELLEN WOOD

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JANET MORRISON-LANE

    EXECUTIVE DIRECTOR

    Total calculated
    $135,000
    From this org
    $135,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

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

Provenance

Return type
form_990
Tax year
2022
Filed
19 June 2023
IRS schema version
2022v5.0
Source object
202311719349300326

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