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Nonprofiteer
← KILLEEN TEENS INC

Form 990 for tax year 2022

Filed by KILLEEN TEENS INC.

Totals

Total revenue
$53,198
Total expenses
$12,000
Contributions and grants received
$4,005
Grants paid
$12,000
Program service revenue
$0
Investment income
$40
Other revenue
$49,153
Total assets, end of year
$62,719
Total liabilities, end of year
$852
Net assets or fund balances, end of year
$61,867
Program services expenses (Part IX)
$12,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$12,000

Program services were 100.0% 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

    $4,005

  • 3 · Investment income

    total $40 · related or exempt $40

  • 6a · Gross rents

    real property $93,185

  • 6b · Less rental expenses

    real property $85,858

  • 6c · Rental income or loss

    real property $7,327

  • 6d · Net rental income or loss

    total $7,327 · excluded $7,327

  • 9a · Gaming: gross income

    $2,515,571

  • 9b · Gaming: direct expenses

    $2,473,745

  • 9c · Net income from gaming

    total $41,826 · unrelated business $40,013 · excluded $1,813

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,272 · end of year $37,491

  • 4 · Accounts receivable

    beginning of year $727 · end of year $9,773

  • 9 · Prepaid expenses and deferred charges

    end of year $6,882

  • 15 · Other assets

    beginning of year $1,247 · end of year $8,573

  • 17 · Accounts payable and accrued expenses

    end of year $852

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,246 · end of year $61,867

Mission and programs · 2022

Mission

TO PROVIDE RECREATIONAL, EDUCATIONAL AND PHYSICAL TRAINING TO YOUTH

Activities or mission (Part I)

RECREATIONAL, EDUCATIONAL, AND PHYSICAL TRAINING TO YOUTH

  • RECREATIONAL, EDUCATIONAL, AND PHYSICAL TRAINING TO YOUTH

    Expenses $12,000 · Grants $12,000

As filed on the 2022 return.

Listed in Part VII

  • Wallace Vernon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Keith Fogle

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Glen Grandy

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    5

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
12 July 2023
IRS schema version
2022v5.0
Source object
202312139349301401

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