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Nonprofiteer
← FATHER WASSON LEGACY ENDOWMENT INC

Form 990 for tax year 2022

Filed by FATHER WASSON LEGACY ENDOWMENT INC.

What the amendment changed

Compared with the return it replaced , filed 14 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$10,174,195 changed to $2,452,034
Total expenses
$1,099,915 changed to $1,139,926
Contributions and grants received
$270,265 changed to $2,093,273
Grants paid
$945,750 changed to $1,042,000
Investment income
$9,903,930 changed to $358,761
Total assets, end of year
$13,653,076 changed to $19,528,443
Total liabilities, end of year
$50,402 changed to $50,000
Net assets or fund balances, end of year
$13,602,674 changed to $19,478,443
Program services expenses
$945,750 changed to $1,042,000
Management and general expenses
$104,165 changed to $97,926
Fundraising expenses
$50,000 changed to $0
Program service expenses (Part III)
$945,750 changed to $1,042,000

Totals

Total revenue
$2,452,034
Total expenses
$1,139,926
Contributions and grants received
$2,093,273
Grants paid
$1,042,000
Program service revenue
$0
Investment income
$358,761
Other revenue
$0
Total assets, end of year
$19,528,443
Total liabilities, end of year
$50,000
Net assets or fund balances, end of year
$19,478,443
Program services expenses (Part IX)
$1,042,000
Management and general expenses
$97,926
Fundraising expenses
$0
Program service expenses (Part III)
$1,042,000

Program services were 91.4% 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.

  • 1d · Related organizations

    $721,368

  • 1f · All other contributions, gifts and grants

    $1,371,905

  • 3 · Investment income

    total $406,063 · excluded $406,063

  • 7a · Gross sales of assets other than inventory

    securities $2,391,710

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

    securities $2,439,012

  • 7c · Gain or loss

    securities -$47,302

  • 7d · Net gain or loss

    total -$47,302 · excluded -$47,302

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,042,000 · program services $1,042,000

  • 11b · Fees: legal

    total $11,503 · management and general $11,503

  • 11c · Fees: accounting

    total $39,040 · management and general $39,040

  • 11f · Fees: investment management

    total $47,383 · management and general $47,383

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $446,470 · end of year $530,496

  • 4 · Accounts receivable

    beginning of year $22,471 · end of year $771,263

  • 11 · Investments: publicly traded securities

    beginning of year $16,217,601 · end of year $18,226,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,402 · end of year $50,000

  • 28 · Net assets with donor restrictions

    beginning of year $16,636,140 · end of year $19,478,443

Mission and programs · 2022

Mission

TO GENERATE INCOME AND HELP PROVIDE LONG TERM FINANCIAL STABILITY FOR NUESTROS PEQUENOS HERMANOS WHICH SERVES THE NEEDS OF ORPHANS AND ABANDONED CHILDREN THROUGH ITS NINE ORPHANAGES LOCATED IN LATIN AMERICA AND THE CARIBBEAN.

Activities or mission (Part I)

TO GENERATE INCOME AND HELP PRO- VIDE LONG TERM FINANCIAL STABILITY FOR NUESTROS PEQUENOS HERMANOS.

  • TO GENERATE INCOME AND HELP PROVIDE LONG TERM FINANCIAL STABILITY FOR NUESTROS PEQUENOS HERMANOS WHICH SERVES THE NEEDS OF ORPHANS AND ABANDONED CHILDREN THROUGH ITS NINE ORPHANAGES LOCATED IN LATIN AMERICA AND THE CARIBBEAN.

    Expenses $1,042,000 · Grants $1,042,000

As filed on the 2022 return.

Listed in Part VII

  • JEFF KNUPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN DEINHART

    DIRECTOR (EX OFFICIO)

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • MIGUEL VENEGAS

    DIRECTOR (EX OFFICIO)

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • GABE GONZALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KEN HART

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LAURA KUNTZ

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JACK HANSEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • RYAN GARINO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CLAIRE TOPP

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JIM NICHOLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAN AMENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DENNIS SLOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK KRUZEL

    DIRECTOR

    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.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
NPH-USA, F/K/A FRIENDS OF THE ORPHANS, INC. (A RELATED ORGANIZATION) USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • NPH-USA

    $1,042,000

    SUPPORT OF NPH-USA'S MISSION

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
2022
Filed
22 October 2024
IRS schema version
2022v5.0
Source object
202402989349300530

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