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Nonprofiteer
← NORFOLK COLLEGIATE EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2022

Filed by NORFOLK COLLEGIATE EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$55
Total expenses
$7,862
Contributions and grants received
$50
Grants paid
$0
Program service revenue
$0
Investment income
$5
Other revenue
$0
Total assets, end of year
$12,648
Total liabilities, end of year
$9,100
Net assets or fund balances, end of year
$3,548
Program services expenses (Part IX)
$7,862
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$7,862

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

    $50

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $155 · program services $155

  • 11c · Fees: accounting

    total $6,500 · program services $6,500

  • 23 · Insurance

    total $1,207 · program services $1,207

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,796 · end of year $12,489

  • 9 · Prepaid expenses and deferred charges

    beginning of year $159 · end of year $159

  • 25 · Other liabilities

    beginning of year $7,600 · end of year $9,100

  • 27 · Net assets without donor restrictions

    beginning of year $11,355 · end of year $3,548

Mission and programs · 2022

Mission

FUNDRAISING FOR PROVIDING SCHOLARSHIP ASSISTANCE FOR LOW-INCOME & IMPOVERISHED STUDENTS, MAINTENANCE OF ENDOWMENT FUNDS, & DISTRIBUTION OF FUNDS TO SUCH OTHER ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION.

  • GRANTS TO NORFOLK COLLEGIATE SCHOOL AND OTHER PARTNER SCHOOLS FOR NEED-BASED FINANCIAL AID.

    Expenses $7,862 · Revenue $50

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

Listed in Part VII

  • WILLIAM W KING

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • HENRY U HARRIS III

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SUNSHINE LEINBACH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MCFARLAND

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
8 February 2024
IRS schema version
2022v5.0
Source object
202420539349301122

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