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Nonprofiteer
← THE PREMIER FOUNDATION

Form 990 for tax year 2023

Filed by THE PREMIER FOUNDATION.

Totals

Total revenue
$2,479,378
Total expenses
$2,463,820
Contributions and grants received
$2,440,529
Grants paid
$1,890,813
Program service revenue
$33,308
Investment income
$3,962
Other revenue
$1,579
Total assets, end of year
$1,405,504
Total liabilities, end of year
$508
Net assets or fund balances, end of year
$1,404,996
Program services expenses (Part IX)
$2,353,708
Management and general expenses
$100,676
Fundraising expenses
$9,436
Program service expenses (Part III)
$2,353,708

Program services were 95.5% 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.

  • 1c · Fundraising events

    $163,610

  • 1f · All other contributions, gifts and grants

    $2,276,919

  • 2a · Program service revenue: Management / Program Fees

    total $33,308 · related or exempt $33,308

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,962 · excluded $3,962

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $75,961

  • 8a · Fundraising events: contributions included on line 1c

    $163,610

  • 8b · Fundraising events: direct expenses

    $76,256

  • 8c · Net income from fundraising events

    total -$295 · excluded -$295

  • 10a · Gross sales of inventory

    $748

  • 10c · Net income from sales of inventory

    total $748 · excluded $748

  • 11a · Other revenue: Miscellaneous Revenue

    total $1,126 · excluded $1,126

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,126

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,815,813 · program services $1,815,813

  • 3 · Grants to foreign organizations and individuals

    total $75,000 · program services $75,000

  • 5 · Compensation of officers, directors and key employees

    total $157,991 · program services $157,991

  • 7 · Other salaries and wages

    total $146,473 · program services $89,615 · management and general $56,858

  • 8 · Pension plan contributions

    total $7,909 · program services $6,311 · management and general $1,598

  • 10 · Payroll taxes

    total $22,929 · program services $18,608 · management and general $4,321

  • 11b · Fees: legal

    total $3,076 · management and general $3,076

  • 11c · Fees: accounting

    total $6,850 · management and general $6,850

  • 11g · Fees: other

    total $4,151 · program services $0 · management and general $4,151 · fundraising $0

  • 12 · Advertising and promotion

    total $11,866 · program services $11,866

  • 13 · Office expenses

    total $1,053 · program services $10 · management and general $1,043

  • 14 · Information technology

    total $13,197 · program services $12,732 · management and general $465

  • 16 · Occupancy

    total $9,393 · management and general $9,393

  • 17 · Travel

    total $18,306 · program services $17,646 · management and general $300 · fundraising $360

  • 19 · Conferences, conventions and meetings

    total $5,321 · program services $5,321

  • 23 · Insurance

    total $65,852 · program services $62,477 · management and general $3,375

  • 24a · Other expenses: Program Expenses

    total $77,819 · program services $77,819

  • 24b · Other expenses: Operations

    total $8,139 · program services $2,499 · management and general $5,626 · fundraising $14

  • 24c · Other expenses: Merchandise

    total $9,062 · fundraising $9,062

  • 24d · Other expenses: Banking Fees

    total $2,607 · management and general $2,607

  • 24e · All other expenses

    total $1,013 · program services $0 · management and general $1,013 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,377,262 · end of year $1,293,369

  • 4 · Accounts receivable

    end of year $112,135

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $41,697

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

    $41,697

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $27,287 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,673 · end of year $508

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,401,876 · end of year $1,404,996

Mission and programs · 2023

Mission

THE PREMIER FOUNDATION IS AN INTERNATIONAL CHRISTIAN NONPROFIT ORGANIZATION COMMITTED TO BEING A VOICE FOR THE DISADVANTAGED. WE EXIST TO LOVE AND SERVE THE IMPOVERISHED BY MEETING THEIR PHYSICAL, SPIRITUAL, EDUCATIONAL, SOCIAL AND EMOTIONAL NEEDS. IN ADDITION, WE USE THE ARTS AS A VEHICLE OF HEALING AND HOPE FOR THOSE AFFECTED BY TRAUMA AND ABUSE.

  • In 2023, Premier Foundation DBA Premier Arts Collective had direct impact on a number of organizations and projects, including: Greenville, South Carolina: Served the veteran community through therapeutic art and music programming at Fellow Countrymen and Upstate Warrior Solution. Provided art and music therapy programs for organizations such as Julie Valentine Center (serving those suffering from sexual trauma) and Triune Mercy Center (serving the homeless). Led art therapy programs for medically-complex children and their families through Prisma Health's Camp Cary's Kids Detroit, Michigan: Supported the ministry and mission activities of the K-LOVE Hope Center Detroit who serves the community through personnel support, feeding programs and distribution of clothes, school supplies and household items Minneapolis, Minnesota: Provided art therapy programs for ANEW Chemical Health Services (serving women recovering from addiction) Parkinson Voice Project: Supported efforts to provide online speech exercises for those suffering from Parkinson's as well as foster connection through a nationwide virtual concert India: Provided therapeutic art programming through Set Free Alliance to children rescued from child labor in order to aid in the healing process Nassau, The Bahamas: Supported feeding and clothing efforts of the homeless, orphaned, elderly and underprivileged at Unity House and Great Commission Ministries San Salvador, El Salvador: Supported continuing development of a music school to serve the poor through therapeutic music activities Panama: Created a choice-based art studio with group art therapy classes for the children at Jardin Azul School Meals on Wheels of Collin County, Texas: Supported food distribution efforts Samaritan Inn, Texas: Supported the ministry serving the homeless SafeHaven, Texas: Supported the organization serving victims of domestic violence New Orleans, Louisiana: Supported the efforts of Mount Nebo Bible Baptist Church and Community Center to reach the underprivileged in the lower Ninth Ward USO, Texas: Responded to the needs of our military service people Supported various global ministry efforts

    Expenses $2,353,708 · Grants $1,890,813 · Revenue $33,308

As filed on the 2023 return.

Listed in Part VII

  • Gene Krcelic

    PRESIDENT

    Total calculated
    $162,536
    From this org
    $157,991
    From related orgs
    $0
    Other
    $4,545
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $115,000
    Bonus
    $42,991
    Other
    $0
    Deferred
    $4,545
    Nontaxable benefits
    $0
    Filer's total
    $162,536

  • Andy Coburn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • F Bogue Wallin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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)

Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
Part of the president's compensation is contingent on the gross revenues of the organization. The contingent earnings can equal 10% of gross revenues, less directed pass through gifts and investment interest, above the amount of his annual salary.
Schedule J, Part I, Line 3
THE COMPENSATION FOR GENE KRCELIC IS ESTABLISHED AT THE BOARD'S DISCRETION AND APPROVAL.

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

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

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202441289349301989

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

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