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Nonprofiteer
← AUGUSTA EXCHANGE CLUB CHARITY FUND INC

Form 990 for tax year 2022

Filed by AUGUSTA EXCHANGE CLUB CHARITY FUND INC.

Totals

Total revenue
$432,656
Total expenses
$101,118
Contributions and grants received
$386,963
Grants paid
$100,000
Program service revenue
$0
Investment income
$45,693
Other revenue
$0
Total assets, end of year
$1,416,606
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,416,606
Program services expenses (Part IX)
$100,000
Management and general expenses
$1,118
Fundraising expenses
$0
Program service expenses (Part III)
$100,000

Program services were 98.9% 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

    $386,963

  • 3 · Investment income

    total $22,706 · excluded $22,706

  • 7a · Gross sales of assets other than inventory

    other assets $22,987

  • 7c · Gain or loss

    other assets $22,987

  • 7d · Net gain or loss

    total $22,987 · excluded $22,987

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 11b · Fees: legal

    total $260 · management and general $260

  • 11c · Fees: accounting

    total $850 · management and general $850

  • 13 · Office expenses

    total $8 · management and general $8

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,562 · end of year $19,212

  • 2 · Savings and temporary cash investments

    beginning of year $145,575 · end of year $66,988

  • 11 · Investments: publicly traded securities

    beginning of year $929,931 · end of year $1,330,406

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,085,068 · end of year $1,416,606

Mission and programs · 2022

Mission

TO INVEST CONTRIBUTIONS RECEIVED AND TO MAKE DONATIONS TO OTHER 501(C)(3) CHARITABLE ORGANIZATIONS, ESPECIALLY THOSE WITH PROGRAMS FOR THE PREVENTION OF CHILD ABUSE.

Activities or mission (Part I)

TO INVEST CONTRIBUTIONS RECEIVED AND TO MAKE DONATIONS TO OTHER 501(C)(3) ORGANIZATIONS.

  • TO PROVIDE SUPPORT TO THE NEEDY THROUGH CONTRIBUTIONS TO VARIOUS LOCAL AGENCIES, CHARITIES AND 501(C)(3) ORGANIZATIONS, ESPECIALLY THOSE WITH PROGRAMS FOR THE PREVENTION OF CHILD ABUSE.

    Expenses $100,000 · Grants $100,000

As filed on the 2022 return.

Listed in Part VII

  • Arthur Balk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Remer Brinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phillip Kelly

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Marc Wilson

    PRESIDENT

    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
7 November 2023
IRS schema version
2022v5.0
Source object
202323149349302157

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