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Nonprofiteer
← SUNRISE COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by SUNRISE COMMUNITY FOUNDATION INC.

Totals

Total revenue
$964,396
Total expenses
$279,862
Contributions and grants received
$11,710
Grants paid
$115,309
Program service revenue
$0
Investment income
$952,686
Other revenue
$0
Total assets, end of year
$27,560,911
Total liabilities, end of year
$20,058
Net assets or fund balances, end of year
$27,540,853
Program services expenses (Part IX)
$197,059
Management and general expenses
$82,803
Fundraising expenses
$0
Program service expenses (Part III)
$197,059

Program services were 70.4% 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

    $11,710

  • 3 · Investment income

    total $381,852 · excluded $381,852

  • 7a · Gross sales of assets other than inventory

    securities $2,401,454

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

    securities $1,830,620

  • 7c · Gain or loss

    securities $570,834

  • 7d · Net gain or loss

    total $570,834 · excluded $570,834

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,309 · program services $115,309

  • 11a · Fees: management

    total $18,772 · management and general $18,772

  • 11c · Fees: accounting

    total $19,058 · management and general $19,058

  • 11f · Fees: investment management

    total $165 · management and general $165

  • 23 · Insurance

    total $17,558 · management and general $17,558

  • 24a · Other expenses: PERSONNEL PROCESSING AN

    total $109,000 · program services $81,750 · management and general $27,250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $696,970 · end of year $868,488

  • 2 · Savings and temporary cash investments

    beginning of year $7,709,889 · end of year $8,119,585

  • 3 · Pledges and grants receivable

    beginning of year $212,855 · end of year $187,855

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,020 · end of year $8,993

  • 11 · Investments: publicly traded securities

    beginning of year $16,856,546 · end of year $18,375,990

  • 15 · Other assets

    beginning of year $278,807 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,500 · end of year $20,058

  • 27 · Net assets without donor restrictions

    beginning of year $25,746,587 · end of year $27,540,853

Mission and programs · 2023

Mission

THE ORGANIZATION CONDUCTS FUNDRAISING AND OTHER SPECIAL EVENTS ON BEHALF OF ITS TAX-EXEMPT AFFILIATES TO PROMOTE PROGRAMS FOR THE BENEFIT OF DEVELOPMENTALLY DISABLED POPULATIONS AND THEREBY TO GENERALLY ENHANCE THE PUBLIC WELFARE.

Activities or mission (Part I)

TO CONDUCT FUNDRAISING AND OTHER SPECIAL EVENTS FOR THE BENEFIT OF ITS TAX-EXEMPT AFFILIATES.

  • THE ORGANIZATION CONDUCTS FUNDRAISING EFFORTS AND OTHER SPECIAL EVENTS FOR THE BENEFIT OF ITS 501(C)(3) TAX-EXEMPT AFFILIATES. IT MAKES ALL INVESTMENT DECISIONS REGARDING CONTRIBUTED FUNDS AND DISTRIBUTION OF FUNDS TO AFFILIATES. IN THE CURRENT YEAR, $115,309 WAS DISTRIBUTED TO SUPPORT THE OPERATIONS OF TAX-EXEMPT AFFILIATES.

    Expenses $197,059 · Grants $115,309

As filed on the 2023 return.

Listed in Part VII

  • William Lank

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Gloria A Wetherington

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Robert Coker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • John Holcomb Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Robert Moring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Jose E Souto Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Kevin Vance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Steven M Weinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related

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

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
19 February 2025
IRS schema version
2023v6.0
Source object
202510599349301221

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