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← KB CHARITABLE TR

Form 990 for tax year 2022

Filed by KB CHARITABLE TR.

Totals

Total revenue
$125,450
Total expenses
$211,485
Contributions and grants received
$99,510
Grants paid
$198,368
Program service revenue
$0
Investment income
$25,940
Other revenue
$0
Total assets, end of year
$200,265
Total liabilities, end of year
$22,726
Net assets or fund balances, end of year
$177,539
Program services expenses (Part IX)
$201,818
Management and general expenses
$9,667
Fundraising expenses
$0
Program service expenses (Part III)
$201,818

Program services were 95.4% 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

    $99,510

  • 3 · Investment income

    total $629 · excluded $629

  • 7a · Gross sales of assets other than inventory

    securities $25,311

  • 7c · Gain or loss

    securities $25,311

  • 7d · Net gain or loss

    total $25,311 · related or exempt $25,311

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $198,368 · program services $198,368

  • 11c · Fees: accounting

    total $550 · program services $550

  • 13 · Office expenses

    total $5,099 · management and general $5,099

  • 17 · Travel

    total $2,992 · management and general $2,992

  • 22 · Depreciation, depletion and amortization

    total $2,800 · program services $1,400 · management and general $1,400

  • 24a · Other expenses: LIBRARY EXPENSES

    total $1,200 · program services $1,200

  • 24b · Other expenses: BOARD MEETINGS

    total $300 · program services $300

  • 24c · Other expenses: COMPUTER EXPENSES

    total $131 · management and general $131

  • 24d · Other expenses: BANK CHARGES

    total $45 · management and general $45

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,519 · end of year $12,503

  • 3 · Pledges and grants receivable

    beginning of year $20,303 · end of year $15,006

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

    $2,800

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

    $2,800

  • 15 · Other assets

    beginning of year $256,427 · end of year $172,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,675 · end of year $1,726

  • 25 · Other liabilities

    beginning of year $29,000 · end of year $21,000

  • 27 · Net assets without donor restrictions

    beginning of year $263,574 · end of year $177,539

Mission and programs · 2022

Mission

PROMOTE MENTAL, PHYSICAL AND SPIRITUAL ADVANCEMENT AND TO PROMOTE LOCAL COMMUNITY CHARITABLE ACTIVITIES.

  • EDUCATIONAL GRANTS: GRANTS WERE GIVEN TO QUALIFIED INSTITUTIONS PROVIDING EDUCATION IN SCHOOLS LOCATED IN DISADVANTAGED AND IMPROVERSED AREAS. THESE GRANTS ARE TARGETED TO LIMITED BUDGET INSTITUTIONS TO PROVIDE FINANCIAL ASSISTANCE WITH BOOKS, UNIFORMS AND SECURING QUALIFIED TEACHERS.

    Expenses $25,500 · Grants $25,500

  • GRAND LODGE FELLOWSHIP: THIS 501(C)(3) CHARITY WAS SETUP AS A CAMPUS MINISTRY AT EAST TENNESSEE UNIVERSITY HAVING A CO-ED CAMPUS MINISTRY, AN INTERNATIONAL STUDENT OUTREACH, A BUSINESS / SPIRITUAL MENTOR PROGRAM, AND A MONTHLY BUSINESS LUNCHEON. THE LODGE, IS A 7,800 SQUARE FOOT HOME TWO BLOCKS FROM CAMPUS AND PURCHASED FROM A CAMPUS FRATERNITY NO LONGER ON CAMPUS. THESE GRANTS WERE GIVEN TO ASSIST IN THE RENOVATION OF THE MUCH DAMAGED FACILITY AND TO FUND ITS MINISTRY START-UP COST.

    Expenses $65,995 · Grants $64,595

  • BEL-AIRE COMMUNITY PARTNERS IS A 501C3 ORGANIZATION SET UP AS AN INNER CITY MINISTRY SERVICING THE NEEDS OF DISADVANTAGED NEIGHBORHOODS IN GREENVILLE, SC. THEIR ACTIVITIES INCLUDE A YEAR ROUND AFTER-SCHOOL PROGRAM, A 9 WEEK SUMMER INNER-CITY YOUTH CAMP AND A LEADERSHIP DEVELOPMENT PROGRAM. THEY ARE GROWING AND NOW HAVE A STAFF OF THREE FULL-TIME EMPLOYEES AND WE COULD NOT BE MORE PROUD TO HELP THEM ACHIEVE THEIR GOALS THROUGH OUR FINANCIAL GRANTS.

    Expenses $83,023 · Grants $83,023

  • GREENVILLE'S HERITAGE PARTNERS (GHP): A 501(C)3 ORGANIZATION SET UP TO PROVIDE HOUSING AND EDUCATIONAL ASSISTANCE TO LOW INCOME NEIGHBORHOODS IN GREENVILLE, SC. GHP HAS OVER 300 VOLUNTEERS COME EACH SUMMER TO GREENVILLE, SC FROM AROUND THE SOUTHEAST TO ASSIST IN MAKING IMPROVEMENTS IN DISADVANTAGED AND BELOW POVERY LEVEL COMMUNITIES. DURING NON-SUMMER MONTHS, LOCAL VOLUNTEERS FROM CHURCHES AND BUSINESSES COME TO HELP ON THESE ACTIVITIES. NORTH GREENVILLE UNIVERSITY: GRANTS FOR SCHOLARSHIP OF STUDENTS COMING FROM DISADVANTAGED NEIGHBORHOODS TO HELP MAKE SURE THAT THESE KIDS DO NOT DROP OUT OF COLLEGE BECAUSE OF LACK OF FUNDING. NO GRANTS WERE GIVEN IN 2021. NORTH MAIN BEAUTIFICATION EASEMENT: THIS PROJECT IS A STATE REGULATED EASEMENT ALONG A CREEK AND WATERFALL IN DOWNTOWN GREENVILLE SC. THE PROJECT TOOK PREVIOUSILY ABANDON LOTS IN AN OVERGROWN AREA ALONG THE CREEK AND TURNED IT INTO A 990 FOOT BEAUTIFIED NATURE WALKING TRAIL ALOGN THE CREEK FOR THE ENJOYMENT OF THE GENERAL PUBLIC. YMCA ACHIEVEMENT AWARD: EVERY YEAR THE YMCA SELECTS A DESERVING RECIPIENT WHO HAS OVERCOME PHYSICAL CHALLENGES BY DEMONSTRATING A COMMITMENT AND DETERMINATION WORTH OF RECOGNITION. KB CHARITABLE TRUST MAKES A GRANT TO THE YMCA IN THE HONOR OF THAT YEAR'S RECIPIENT OF THE AWARD. THE AWARD AND GRANT IS GIVEN OUT EACH YEAR AT THE ANNUAL YMCA VOLUNTEERS BANQUET. MISC LOCAL CHURCH GRANTS: FROM TIME TO TIME KB CHARITABLE TRUST ISSUES GRANTS TO LOCAL CHURCHES TO ASSIST THEM WITH SPECIAL PROJECT OR FOR SPECIFIC MINISTRY PURPOSES.

    Expenses $27,300 · Grants $25,250

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kaitlin Bunge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10
  • George Collins

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Jerry Fowler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7
  • R Brent Sanders

    PRESIDENT

    Total calculated
    $0
    Hours/week
    42
  • William Shaw

    TREASURER

    Total calculated
    $0
    Hours/week
    7

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
13 November 2023
IRS schema version
2022v5.0
Source object
202313269349300406

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