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← INVESTMENT PROFESSIONAL FOR CHARITY INC

Form 990 for tax year 2023

Filed by INVESTMENT PROFESSIONAL FOR CHARITY INC.

Totals

Total revenue
$177,450
Total expenses
$217,668
Contributions and grants received
$453,325
Grants paid
$151,157
Program service revenue
$0
Investment income
$0
Other revenue
-$275,875
Total assets, end of year
$652,179
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$652,179
Program services expenses (Part IX)
$181,906
Management and general expenses
$35,762
Fundraising expenses
$0
Program service expenses (Part III)
$181,906

Program services were 83.6% 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.

  • 1c · Fundraising events

    $383,974

  • 1f · All other contributions, gifts and grants

    $69,351

  • 8a · Fundraising events: gross income

    $92,526

  • 8a · Fundraising events: contributions included on line 1c

    $383,974

  • 8b · Fundraising events: direct expenses

    $368,401

  • 8c · Net income from fundraising events

    total -$275,875 · excluded -$275,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,157 · program services $151,157

  • 11c · Fees: accounting

    total $4,720 · management and general $4,720

  • 11g · Fees: other

    total $18,317 · management and general $18,317

  • 13 · Office expenses

    total $1,122 · management and general $1,122

  • 17 · Travel

    total $4,791 · management and general $4,791

  • 24a · Other expenses: EDUCATION INITIATIVE

    total $30,749 · program services $30,749

  • 24b · Other expenses: BANK FEES

    total $4,808 · management and general $4,808

  • 24c · Other expenses: SUBSCRIPTIONS

    total $685 · management and general $685

  • 24d · Other expenses: OPERATIONS

    total $665 · management and general $665

  • 24e · All other expenses

    total $654 · management and general $654

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $694,397 · end of year $652,179

  • 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 $694,397 · end of year $652,179

Mission and programs · 2023

Mission

DEDICATED TO RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.

Activities or mission (Part I)

RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.

  • RAISE FUNDS FOR CHARITIES IMPACTING THE LIVES OF CHILDREN IN OUR COMMUNITIES.

    Expenses $181,906 · Grants $151,157

As filed on the 2023 return.

Listed in Part VII

  • Michael Hayden

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Robert Manilla

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Robert Burdick

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Ken Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349309821

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