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Nonprofiteer
← IMC CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by IMC CHARITABLE FOUNDATION.

Totals

Total revenue
$217,597
Total expenses
$442,650
Contributions and grants received
$22,992
Grants paid
$440,000
Program service revenue
$0
Investment income
$66
Other revenue
$194,539
Total assets, end of year
$260,418
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$260,418
Program services expenses (Part IX)
$440,000
Management and general expenses
$2,650
Fundraising expenses
$0
Program service expenses (Part III)
$440,000

Program services were 99.4% 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

    $22,992

  • 3 · Investment income

    total $66 · excluded $66

  • 8a · Fundraising events: gross income

    $218,705

  • 8b · Fundraising events: direct expenses

    $24,166

  • 8c · Net income from fundraising events

    total $194,539 · excluded $194,539

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $440,000 · program services $440,000

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 24a · Other expenses: LICENSES & FEES

    total $150 · management and general $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $485,471 · end of year $260,418

  • 27 · Net assets without donor restrictions

    beginning of year $485,471 · end of year $260,418

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO PROVIDE GRANTS TO PUBLICLY FUNDED CHARITIES THAT PERFORM HUMANITARIAN, ENVIRONMENTAL, SCIENTIFIC, LITERARY OR EDUCATIONAL ACTIVITIES.

  • THE FOUNDATION HOSTS AN ANNUAL GOLF OUTING AT WHICH SELECTED PUBLIC CHARITIES MAY PRESENT THEIR MISSION, PURPOSE AND NEEDS TO THE PARTICIPANTS AND TO THE GENERAL PUBLIC. THE CONTRIBUTIONS DONATED BY THE PARTICIPANTS WERE USED BY THE FOUNDATION TO PROVIDE GRANTS TO 8 PUBLIC CHARITIES DURING 2022.

    Expenses $440,000 · Grants $440,000

As filed on the 2022 return.

Listed in Part VII

  • Robert Cottone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Robert Thomson

    DIRECTOR OF FINANCE

    Total calculated
    $0
    Hours/week
    2

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
8 June 2023
IRS schema version
2022v5.0
Source object
202322019349300247

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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