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Nonprofiteer
← SELECTED INDEPENDENT FUNERAL HOMES EDUCATIONAL TRUST

Form 990 for tax year 2022

Filed by SELECTED INDEPENDENT FUNERAL HOMES EDUCATIONAL TRUST.

Totals

Total revenue
$221,104
Total expenses
$367,069
Contributions and grants received
$164,280
Grants paid
$13,485
Program service revenue
$48,844
Investment income
$7,980
Other revenue
$0
Total assets, end of year
$676,742
Total liabilities, end of year
$315,844
Net assets or fund balances, end of year
$360,898
Program services expenses (Part IX)
$209,121
Management and general expenses
$77,441
Fundraising expenses
$80,507
Program service expenses (Part III)
$209,121

Program services were 57.0% 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

    $164,280

  • 2a · Program service revenue: EVENT SPONSORSHIPS

    total $46,260 · excluded $46,260

  • 2b · Program service revenue: PROGRAM REVENUS

    total $2,584 · related or exempt $2,584

  • 3 · Investment income

    total $7,980 · excluded $7,980

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $13,485 · program services $13,485

  • 5 · Compensation of officers, directors and key employees

    total $83,964 · program services $50,667 · management and general $13,490 · fundraising $19,807

  • 7 · Other salaries and wages

    total $48,911 · program services $29,514 · management and general $7,859 · fundraising $11,538

  • 8 · Pension plan contributions

    total $1,928 · program services $1,647 · management and general $160 · fundraising $121

  • 9 · Other employee benefits

    total $7,383 · program services $6,102 · management and general $675 · fundraising $606

  • 10 · Payroll taxes

    total $11,428 · program services $8,046 · management and general $1,479 · fundraising $1,903

  • 11c · Fees: accounting

    total $32,477 · management and general $32,477

  • 11f · Fees: investment management

    total $3,402 · management and general $3,402

  • 11g · Fees: other

    total $33,537 · program services $27,665 · management and general $3,518 · fundraising $2,354

  • 13 · Office expenses

    total $36,934 · program services $29,578 · management and general $3,623 · fundraising $3,733

  • 14 · Information technology

    total $10,820 · program services $6,246 · management and general $2,228 · fundraising $2,346

  • 16 · Occupancy

    total $19,042 · program services $10,958 · management and general $3,529 · fundraising $4,555

  • 17 · Travel

    total $3,950 · program services $3,892 · management and general $58

  • 19 · Conferences, conventions and meetings

    total $18,317 · fundraising $18,317

  • 22 · Depreciation, depletion and amortization

    total $8,410 · program services $5,389 · management and general $997 · fundraising $2,024

  • 23 · Insurance

    total $8,731 · program services $5,209 · management and general $1,565 · fundraising $1,957

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $22,847 · program services $10,723 · management and general $878 · fundraising $11,246

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $1,411 · management and general $1,411

  • 24c · Other expenses: GIFTS

    total $92 · management and general $92

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $151,900 · end of year $156,165

  • 3 · Pledges and grants receivable

    beginning of year $307,758 · end of year $144,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,869 · end of year $11,401

  • 10a · Land, buildings and equipment: cost or other basis

    $2,455

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,455

  • 10c · Land, buildings and equipment, net

    beginning of year $495 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $253,348 · end of year $365,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,274 · end of year $11,442

  • 25 · Other liabilities

    beginning of year $154,239 · end of year $304,402

  • 27 · Net assets without donor restrictions

    beginning of year $231,335 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $331,522 · end of year $360,898

Mission and programs · 2022

Mission

THE EDUCATIONAL TRUST FUNDS THE DEVELOPMENT AND ADMINISTRATION OF RESEARCH INITIATIVES, ASSISTANCE GRANTS, AWARD PROGRAMS AND THE PRESENTATION OF EDUCATIONAL PROGRAMS DEALING WITH BUSINESS MANAGEMENT, COUNSELING, PERSONNEL MANAGEMENT AND OTHER TOPICS OF IMPORTANCE AND INTEREST TO THE MEMBERS OF SELECTED INDEPENDENT FUNERAL HOMES AND ALL INDEPENDENTLY OWNED AND OPERATED FUNERAL HOME PROFESSIONALS.

Activities or mission (Part I)

ADVANCEMENT OF FUNERAL HOME INDUSTRY THROUGH EDUCATION

  • SUPPORT SELECTED INDEPENDENT FUNERAL HOMES' (RELATED ORGANIZATION) EFFORTS AT INDUSTRY ADVANCEMENT THROUGH EDUCATIONAL SUPPORT AND OFFERINGS FOR MEMBERS.

    Expenses $209,121 · Grants $13,485 · Revenue $2,584

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

Listed in Part VII

  • Robert Paterkiewicz

    ADMINISTRATIVE TRUSTEE

    Total calculated
    $303,240
    From this org
    $0
    From related orgs
    $248,330
    Other
    $54,910
    Hours/week
    1.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,165 related
    Bonus
    $0 + $22,165 related
    Other
    $0
    Deferred
    $0 + $9,933 related
    Nontaxable benefits
    $0 + $44,977 related
    Filer's total
    $0 + $303,240 related

  • Al Asta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ashlee G Etzweiler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Wild

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Pridemore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin D Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tony Lloyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lacy Robinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin McKay

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dave Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rachel Gunderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kevin Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stefanie Favia

    EXECUTIVE DIRECTOR

    Total calculated
    $83,964
    From this org
    $72,100
    From related orgs
    $0
    Other
    $11,864
    Hours/week
    37.5

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. 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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION HAS ADOPTED AN EXPENSE REIMBURSEMENT POLICY FOR BOARD MEMBERS WHO ATTEND BOARD MEETINGS AND OTHER ORGANIZATION-RELATED MEETINGS AND SEMINARS. AS IDENTIFIED IN THE POLICY, BOARD MEMBERS AND OFFICERS MAY BE REIMBURSED FOR OUT-OF-POCKET TRAVEL EXPENSES INCURRED BY THEMSELVES AND THEIR SPOUSES FOR DESIGNATED MEETINGS AND SEMINARS.
PART I, LINE 3
THE BOARD OF DIRECTORS OF SELECTED INDEPENDENT FUNERAL HOMES DETERMINES THE COMPENSATION OF ITS EXECUTIVE DIRECTOR, WHO ALSO ACTS AS THE ADMINISTRATIVE TRUSTEE OF THE SELECTED INDEPENDENT FUNERAL HOMES EDUCATIONAL TRUST.

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

No itemized grants to organizations 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
202333119349301033

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