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Nonprofiteer
← FENWICK FOUNDATION INC

Form 990 for tax year 2022

Filed by FENWICK FOUNDATION INC.

Totals

Total revenue
$1,154,245
Total expenses
$1,049,469
Contributions and grants received
$790,101
Grants paid
$749,584
Program service revenue
$0
Investment income
$363,345
Other revenue
$799
Total assets, end of year
$27,629,560
Total liabilities, end of year
$3,286,315
Net assets or fund balances, end of year
$24,343,245
Program services expenses (Part IX)
$806,396
Management and general expenses
$28,721
Fundraising expenses
$214,352
Program service expenses (Part III)
$806,396

Program services were 76.8% 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

    $790,101

  • 3 · Investment income

    total $415,945 · excluded $415,945

  • 7a · Gross sales of assets other than inventory

    securities $3,745,286

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

    securities $3,797,886

  • 7c · Gain or loss

    securities -$52,600

  • 7d · Net gain or loss

    total -$52,600 · excluded -$52,600

  • 11a · Other revenue: MISCELLANEOUS

    total $799 · related or exempt $799

  • 11e · Other revenue, total

    $799

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $749,584 · program services $749,584

  • 7 · Other salaries and wages

    total $126,723 · fundraising $126,723

  • 10 · Payroll taxes

    total $9,226 · fundraising $9,226

  • 11b · Fees: legal

    total $4,615 · management and general $1,365 · fundraising $3,250

  • 11f · Fees: investment management

    total $26,737 · management and general $26,737

  • 11g · Fees: other

    total $75,153 · fundraising $75,153

  • 22 · Depreciation, depletion and amortization

    total $37,375 · program services $37,375

  • 23 · Insurance

    total $6,757 · program services $6,757

  • 24a · Other expenses: PROPERTY MAINTENANCE

    total $12,680 · program services $12,680

  • 24b · Other expenses: BANK CHARGES AND FEES

    total $594 · management and general $594

  • 24c · Other expenses: FEES AND PENALTIES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,575 · end of year $531,361

  • 3 · Pledges and grants receivable

    beginning of year $1,317,743 · end of year $1,644,217

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,757 · end of year $7,130

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

    $7,541,260

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

    $81,645

  • 10c · Land, buildings and equipment, net

    beginning of year $7,485,580 · end of year $7,459,615

  • 11 · Investments: publicly traded securities

    beginning of year $16,819,231 · end of year $17,857,330

  • 15 · Other assets

    beginning of year $326,625 · end of year $129,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,960 · end of year $74,360

  • 25 · Other liabilities

    beginning of year $3,162,010 · end of year $3,211,955

  • 27 · Net assets without donor restrictions

    beginning of year $12,777,626 · end of year $16,820,646

  • 28 · Net assets with donor restrictions

    beginning of year $10,073,915 · end of year $7,522,599

Mission and programs · 2022

Mission

FENWICK FOUNDATION, INC. SUPPORTS FENWICK HIGH SCHOOL AND ITS ACTIVITIES. FENWICK HIGH SCHOOL IS A COLLEGE PREPARATORY EDUCATIONAL CENTER WHERE YOUNG MEN AND WOMEN ARE CHALLENGED TO GROW TOWARD THEIR POTENTIAL THROUGH HEIGHTENED AWARENESS OF CHRISTIAN COMMUNITY AND A FUNDAMENTAL KNOWLEDGE OF ACADEMIC DISCIPLINES.

Activities or mission (Part I)

HELP SUPPORT FENWICK HIGH SCHOOL AND ITS ACTIVITIES.

  • HELP SUPPORT FENWICK HIGH SCHOOL AND ITS ACTIVITIES

    Expenses $806,396 · Grants $749,584 · Revenue $799

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

Listed in Part VII

  • Elias Boufis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Brian Joss

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andrew Ward

    VP & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Kim Schilling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dennis Marani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • V James Marino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Meredith Ritchie

    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.

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
2022
Filed
23 February 2024
IRS schema version
2022v5.0
Source object
202441229349301914

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