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Nonprofiteer
← HOLSTON HOME FOR CHILDREN FOUNDATION INC

Form 990 for tax year 2022

Filed by HOLSTON HOME FOR CHILDREN FOUNDATION INC.

Totals

Total revenue
$2,366,848
Total expenses
$1,894,112
Contributions and grants received
$1,532,004
Grants paid
$1,813,112
Program service revenue
$0
Investment income
$834,844
Other revenue
$0
Total assets, end of year
$50,796,422
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$50,796,422
Program services expenses (Part IX)
$1,813,112
Management and general expenses
$81,000
Fundraising expenses
$0
Program service expenses (Part III)
$1,813,112

Program services were 95.7% 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

    $1,532,004

  • 3 · Investment income

    total $1,008,244 · excluded $1,008,244

  • 7a · Gross sales of assets other than inventory

    securities $1,109,987

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

    securities $1,283,387

  • 7c · Gain or loss

    securities -$173,400

  • 7d · Net gain or loss

    total -$173,400 · excluded -$173,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,813,112 · program services $1,813,112

  • 11f · Fees: investment management

    total $11,000 · management and general $11,000

  • 11g · Fees: other

    total $70,000 · management and general $70,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,582,632 · end of year $789,742

  • 12 · Investments: other securities

    beginning of year $43,537,689 · end of year $50,006,680

  • 27 · Net assets without donor restrictions

    beginning of year $46,120,321 · end of year $50,796,422

Mission and programs · 2022

Mission

TO SUPERVISE, PROTECT, INVEST, MANAGE, OR OTHERWISE HANDLE AND ADMINISTER THE INVESTMENT OF FUNDS OF HOLSTON HOME FOR CHILDREN, INC., AND TO SOLICIT, PROMOTE, ENCOURAGE AND RECEIVE GIFTS, GRANTS, DEVISES OR BEQUESTS OF REAL AND/OR PERSONAL PROPERTY, FROM PUBLIC OR PRIVATE SOURCES, IN ORDER TO CARRY OUT THE CORPORATION'S PURPOSES.

  • THE FOUNDATION MADE CONTRIBUTIONS TO HOLSTON HOME FOR CHILDREN, INC., WHICH SUPPORTED THE PROGRAMS, INITIATIVES, AND MISSIONS SUPPORTED BY, SPONSORED BY OR AFFILIATED WITH HOLSTON HOME FOR CHILDREN, INC.

    Expenses $1,813,112 · Grants $1,813,112

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

Listed in Part VII

  • Andrew R Harper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Benjamin M Alexander

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nick Vantrease

    PRESIDENT AND CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Bradley S Williams

    EXOFFICIO/NONVOTING

    Total calculated
    $265,583
    From this org
    $0
    From related orgs
    $242,098
    Other
    $23,485
    Hours/week
    3 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,098 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $23,485 related
    Filer's total
    $0 + $265,583 related

  • Barron D Kennedy IV

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2

  • Bryan Jackson

    EXOFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Jason August

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Reynolds

    EXOFFICIO

    Total calculated
    $0
    Hours/week
    1

  • Brent Clark

    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. 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

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

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

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
21 February 2024
IRS schema version
2022v5.0
Source object
202430599349301128

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