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Nonprofiteer
← DOUG & CARLA SALMON FOUNDATION INC

Form 990 for tax year 2023

Filed by DOUG & CARLA SALMON FOUNDATION INC.

Totals

Total revenue
$326,606
Total expenses
$350,790
Contributions and grants received
$300,250
Grants paid
$331,104
Program service revenue
$0
Investment income
$26,356
Other revenue
$0
Total assets, end of year
$798,827
Total liabilities, end of year
$226,095
Net assets or fund balances, end of year
$572,732
Program services expenses (Part IX)
$339,699
Management and general expenses
$11,035
Fundraising expenses
$56
Program service expenses (Part III)
$339,699

Program services were 96.8% 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

    $300,250

  • 3 · Investment income

    total $4,940 · excluded $4,940

  • 7a · Gross sales of assets other than inventory

    securities $366,159

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

    securities $344,743

  • 7c · Gain or loss

    securities $21,416

  • 7d · Net gain or loss

    total $21,416 · excluded $21,416

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $267,654 · program services $267,654

  • 2 · Grants to domestic individuals

    total $63,450 · program services $63,450

  • 5 · Compensation of officers, directors and key employees

    total $6,745 · program services $4,386 · management and general $2,359

  • 7 · Other salaries and wages

    total $1,854 · program services $1,834 · management and general $20

  • 11a · Fees: management

    total $3,000 · program services $1,500 · management and general $1,500

  • 11c · Fees: accounting

    total $4,665 · management and general $4,665

  • 11f · Fees: investment management

    total $1,840 · management and general $1,840

  • 12 · Advertising and promotion

    total $56 · fundraising $56

  • 13 · Office expenses

    total $1,063 · program services $770 · management and general $293

  • 17 · Travel

    total $145 · program services $105 · management and general $40

  • 24e · All other expenses

    total $318 · management and general $318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,000

  • 11 · Investments: publicly traded securities

    beginning of year $445,558 · end of year $512,901

  • 12 · Investments: other securities

    beginning of year $291,193 · end of year $284,926

  • 17 · Accounts payable and accrued expenses

    beginning of year $225 · end of year $0

  • 18 · Grants payable

    beginning of year $175,890 · end of year $226,095

  • 27 · Net assets without donor restrictions

    beginning of year $561,636 · end of year $572,732

Mission and programs · 2023

Mission

SUPPORT THE CHARITABLE INTERESTS OF THE SALMON FOUNDATION BOARD WHICH INCLUDE EDUCATIONAL SCHOLARSHIPS AND NONPROFIT ORGANIZATIONS THAT SERVE NEEDY RESIDENTS IN THE FOX VALLEY.

Activities or mission (Part I)

PROVIDE GRANTS TO QUALIFIED CHARITABLE ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS

  • PROVIDED GRANTS TO VARIOUS NONPROFIT ORGANIZATIONS FOR CHARITABLE PURPOSES AND FOR SCHOLARSHIPS.

    Expenses $339,699 · Grants $331,104

As filed on the 2023 return.

Listed in Part VII

  • Carla Salmon

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Becky Gilbert

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sue Detienne

    SECRETARY/TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kara Nowak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Ellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Salmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Theresa Braatz

    EXECUTIVE DIRECTOR

    Total calculated
    $6,745
    From this org
    $0
    From related orgs
    $6,547
    Other
    $198
    Hours/week
    4

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443209349302824

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

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