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Nonprofiteer
← PRIESTER FOUNDATION

Form 990 for tax year 2023

Filed by PRIESTER FOUNDATION.

Totals

Total revenue
$500,180
Total expenses
$286,413
Contributions and grants received
$253,000
Grants paid
$244,750
Program service revenue
$0
Investment income
$247,180
Other revenue
$0
Total assets, end of year
$6,883,264
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,883,264
Program services expenses (Part IX)
$277,260
Management and general expenses
$9,153
Fundraising expenses
$0
Program service expenses (Part III)
$277,260

Program services were 96.8% 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

    $253,000

  • 3 · Investment income

    total $247,174 · excluded $247,174

  • 7a · Gross sales of assets other than inventory

    securities $1,510,771 · other assets $26

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

    securities $1,510,791

  • 7c · Gain or loss

    securities -$20 · other assets $26

  • 7d · Net gain or loss

    total $6 · excluded $6

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $244,750 · program services $244,750

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11f · Fees: investment management

    total $32,010 · program services $32,010

  • 11g · Fees: other

    total $500 · program services $500

  • 24a · Other expenses: FOREIGN TAX

    total $2,119 · management and general $2,119

  • 24b · Other expenses: RECLAIMABLE TAX

    total $2,034 · management and general $2,034

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,510,028 · end of year $243,221

  • 11 · Investments: publicly traded securities

    beginning of year $2,159,469 · end of year $6,640,043

  • 27 · Net assets without donor restrictions

    beginning of year $6,669,497 · end of year $6,883,264

Mission and programs · 2023

Mission

SUPPORT SPECIFIED PUBLICLY SUPPORTED ORGANIZATIONS

  • PROVIDE SUPPORTING GRANTS/DONATIONS TO THE GREENVILLE COMMUNITY FOUNDATION AND OTHER PUBLICLY SUPPORTED ORGANIZATIONS

    Expenses $277,260 · Grants $244,750

  • PROVIDE SUPPORTING GRANTS/DONATIONS TO THE GREENVILLE COMMUNITY FOUNDATION AND OTHER PUBLICLY SUPPORTED ORGANIZATIONS

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Fletcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tami McKnew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reimer Priester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan C Priester

    DIRECTOR

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
11 September 2024
IRS schema version
2023v5.0
Source object
202432609349301103

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