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Nonprofiteer
← WE CARE OF KOKOMO INC

Form 990 for tax year 2023

Filed by WE CARE OF KOKOMO INC.

Totals

Total revenue
$803,716
Total expenses
$653,366
Contributions and grants received
$46,862
Grants paid
$458,000
Program service revenue
$502,498
Investment income
$254,356
Other revenue
$0
Total assets, end of year
$6,795,353
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,795,353
Program services expenses (Part IX)
$620,656
Management and general expenses
$32,710
Fundraising expenses
$0
Program service expenses (Part III)
$620,656

Program services were 95.0% 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.

  • 1c · Fundraising events

    $46,862

  • 2a · Program service revenue: CHARITABLE AUCTION PROCEEDS

    total $502,498 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $254,356 · unrelated business $0 · excluded $0

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

    $46,862

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $458,000 · program services $458,000

  • 13 · Office expenses

    total $354 · program services $177 · management and general $177 · fundraising $0

  • 16 · Occupancy

    total $47,349 · program services $23,675 · management and general $23,674 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $10,549 · program services $5,275 · management and general $5,274 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $75 · program services $38 · management and general $37 · fundraising $0

  • 24b · Other expenses: COST OF FUNDRAISING

    total $129,943 · program services $129,943 · management and general $0 · fundraising $0

  • 24c · Other expenses: MERCHANT ACCOUNT FEES

    total $7,088 · program services $3,544 · management and general $3,544 · fundraising $0

  • 24d · Other expenses: ACCOUNT FEES

    total $8 · program services $4 · management and general $4 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,097 · end of year $57,135

  • 2 · Savings and temporary cash investments

    beginning of year $388,994 · end of year $310,450

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

    $743,038

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

    $43,739

  • 10c · Land, buildings and equipment, net

    beginning of year $709,848 · end of year $699,299

  • 13 · Investments: program-related

    beginning of year $4,714,344 · end of year $5,728,469

  • 27 · Net assets without donor restrictions

    beginning of year $1,204,939 · end of year $1,091,884

  • 28 · Net assets with donor restrictions

    beginning of year $4,689,344 · end of year $5,703,469

Mission and programs · 2023

Mission

FUNDS FOR LOCAL CHARITIES

  • DISTRIBUTION OF AUCTION PROCEEDS TO LOCAL CHARITIES FOR NEEDY FAMILIES AT CHRISTMAS AND NECESSARY EQUIPMENT NOT OTHERWISE AVAILABLE DUE TO BUDGET CONSTRAINTS.

    Expenses $425,000 · Revenue $46,862

  • PURCHASE OF ITEMS & COSTS INCURRED FOR ITEMS SOLD AT CHARITABLE AUCTION

    Expenses $129,943 · Revenue $502,498

  • OPERATING AND MANAGEMENT EXPENSES

    Expenses $65,713

As filed on the 2023 return.

Listed in Part VII

  • Rebecca Varnell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • James R Buck

    VICE PRES

    Total calculated
    $0
    Hours/week
    15

  • Pamela S Elpers

    SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Jacqueline N May

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • Dorothy A Surface

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Fern L Fennell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mariesa Skogland

    DIRECTOR

    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
2023
Filed
18 March 2024
IRS schema version
2023v5.1
Source object
202413099349301946

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