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Nonprofiteer
← GREEN AND GOLD FOUNDATION OF LAKE WALES INC

Form 990 for tax year 2022

Filed by GREEN AND GOLD FOUNDATION OF LAKE WALES INC.

Totals

Total revenue
$75,540
Total expenses
$78,993
Contributions and grants received
$42,284
Grants paid
$0
Program service revenue
$18,150
Investment income
$6
Other revenue
$15,100
Total assets, end of year
$416,806
Total liabilities, end of year
$1,451
Net assets or fund balances, end of year
$415,355
Program services expenses (Part IX)
$57,529
Management and general expenses
$21,464
Fundraising expenses
$0
Program service expenses (Part III)
$57,529

Program services were 72.8% 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.

  • 1b · Membership dues

    $890

  • 1f · All other contributions, gifts and grants

    $41,394

  • 2a · Program service revenue: GRANT RESTRICTED (SUMM. SCH)

    total $15,000 · related or exempt $15,000

  • 2b · Program service revenue: CONTRIBUTIONS SUMMER PROG 202

    total $1,950 · related or exempt $1,950

  • 2c · Program service revenue: CONTRIBUTIONS SUMMER PROG 202

    total $1,200 · related or exempt $1,200

  • 3 · Investment income

    total $6 · related or exempt $6

  • 6a · Gross rents

    real property $15,100

  • 6c · Rental income or loss

    real property $15,100

  • 6d · Net rental income or loss

    total $15,100 · related or exempt $15,100

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $27,096 · program services $17,341 · management and general $9,755

  • 11g · Fees: other

    total $1,054 · program services $674 · management and general $380

  • 13 · Office expenses

    total $1,019 · program services $652 · management and general $367

  • 17 · Travel

    total $140 · program services $120 · management and general $20

  • 22 · Depreciation, depletion and amortization

    total $11,149 · program services $11,149

  • 23 · Insurance

    total $4,025 · program services $2,576 · management and general $1,449

  • 24a · Other expenses: SUMMER PROG. WAGES

    total $14,323 · program services $9,167 · management and general $5,156

  • 24b · Other expenses: ELECTRIC EXP/CHARGES

    total $4,021 · program services $2,573 · management and general $1,448

  • 24c · Other expenses: TELEPHONE EXPENSE

    total $3,345 · program services $2,141 · management and general $1,204

  • 24d · Other expenses: SUMMER PROG. TRANSPORTATI

    total $3,146 · program services $2,013 · management and general $1,133

  • 24e · All other expenses

    total $9,675 · program services $9,123 · management and general $552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,956 · end of year $52,498

  • 2 · Savings and temporary cash investments

    beginning of year $57,248 · end of year $56,954

  • 4 · Accounts receivable

    beginning of year $1,803 · end of year $1,804

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,214 · end of year $1,214

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

    $436,314

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

    $131,978

  • 10c · Land, buildings and equipment, net

    beginning of year $315,484 · end of year $304,336

  • 17 · Accounts payable and accrued expenses

    beginning of year -$33 · end of year -$47

  • 25 · Other liabilities

    beginning of year $1,930 · end of year $1,498

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $11,075 · end of year $11,075

  • 31 · Retained earnings, endowment or other funds

    beginning of year $407,733 · end of year $404,280

Mission and programs · 2022

Mission

WE, THE MEMBERS OF THE GREEN & GOLD FOUNDATION, INC. WILL DILIGENTLY AND COLLECTIVELY DEDICATE OUR TIME, EXPERTISE, EFFORT AND RESOURCES TO EDUCATE, MOTIVATE, INSPIRE, AND PREPARE OUR YOUTH AND COMMUNITY FOR A HIGHER STANDARD OF SUCCESS, PRIDE, SELF-ESTEEM AND INDEPENDENCE. WE WILL SUCCEED IN THESE ENDEAVORS WITH FINANCIAL ASSISTANCE, BUILDING CHARACTER & SELF- ESTEEM, ROLE MODELING, EDUCATIONAL PROGRAMS, MORAL PRINCIPALS, CLEANING, BEAUTIFYING, AND BUILDING OUR COMMUNITY.

Activities or mission (Part I)

TO ENHANCE THE LAKE WALES COMMUNITY BY PROVIDING BETTER SOCIAL & HEALTH SERVICES TO ITS PEOPLE, IMPROVING EDUCATIONAL & RECREATIONAL ACTIVITIES FOR ITS YOUTH, HELPING OBTAIN AFFORDABLE HOUSING FOR THE POOR, ELDERLY, & LOW WAGE EARNER, HELPING IMPROVE BLIGHTED CONDITIONS IN THE CITY OF LAKE WALES AND ADJACENT AREA.

  • PROGRAM SERVICE REVENUE: OFFICE MANAGEMENT AND OVERHEAD EXPENSES (EXCLUDING PAYROLL)

  • INTAKE AND REFERRAL PROGRAM: THIS PROGRAM WAS MANDATED THROUGH A CONTRACT WITH BOTH THE CITY OF LAKE WALES AND POLK COUNTY TO SERVICE ALL CITIZENS SEEKING INDIVIDUAL SERVICE AND/OR ASSISTANCE. THE CITY OF LAKE WALES WAS TO PROVIDE ANNUAL GRANT ASSISTANCE TO COVER THE COST OF ADMINISTRATION AND IN TURN THE GREEN & GOLD FOUNDATION WAS TO SERVE AS PROGRAM MANAGING AGENT OF THE "B" STREET COMMUNITY SERVICE CENTER AND ALSO PROVIDE SCHEDULING USAGE AND SOME ADMINISTRATIVE ASSISTANCE TO THE CENTER'S 4 OTHER RESIDENT AGENCIES. THE BASIS OF THE AGREEMENT, "INTAKE AND REFERRAL CASE ACTIVITIES" WERE TO INCLUDE, BUT NOT LIMITED TO: (1) RENT, UTILITY, (WATER & LIGHT) ISSUES (2) PROPERTY TAXES (3) SOCIAL SECURITY ISSUE(4)UNEMPLOYMENT/WORKER'S COMPENSATION ISSUES (5) INSURANCE ISSUES (6) PARENTING ISSUES (7) JOB DISCRIMINATION (8) AUTO ACCIDENTS (9) JOB ISSUES (10) LEGAL SEPERATIONS (11) HOUSING (GENERAL) (12) LEGAL (GENERAL) (13) SOCIAL ISSUES (14) MEDICAL ASSISTANCE (15) MEETINGS - CLUBS, CHURCHES, ASSOCIATIONS (16) MEETINGS - CITY AND COUNTY (17) TAX ISSUES AND SEMINARS (18) FAMILY CONFLICT ISSUES (19) AFTER SCHOOL ENRICHMENT PROGRAM (20) SOCIAL SKILLS PROBLEMS (21) VARIOUS WORKSHOPS. IN SUMMARY, THE GREEN AND GOLD FOUNDATION WAS TO PROVIDE VITAL INTAKE AND REFERRAL SERVICES TO LOCAL CITIZENS AND ORGANIZATIONS.

    Expenses $23,998

  • SUMMER PROGRAMS: WE, THE GREEN & GOLD FOUNDATION, HAVE BEEN SPONSORING THE SUMMER ENRICHMENT, ACADEMIC & RECREATIONAL PROGRAM FOR AREA ELEMNTARY CHILDREN IN ORDER TO SUPPORT AND REITERATE THE BASIC SKILLS STUDENTS LEARN DURING THE ACADEMIC YEAR. IN SOME INSTANCES, PERSONNEL, WORKERS, AND VOLUNTEERS ARE PAID BY PARTICIPATING COMMUNITY PARTNERS. MOSTLY, WE PROVIDE SUPERVISION (BY PARENTS, RETIRED TEACHERS AND PRINCIPALS), SPACE, COMPUTERS, MAINTENANCE, MATERIALS, AND SUPPLIES. THE B STREET COMMUNITY SERVICE CENTER HAS PARTNERED WITH THE LOCAL COUNTY & AREA SCHOOLS TO FEED FROM 120-150 YOUTHS (AGES 4-18) THROUGHOUT THE SUMMER. BREAKFAST & LUNCH ARE PROVIDED DAILY DURING THE ENTIRE SUMMER PROGRAM.

    Expenses $441 · Revenue $18,150

  • DEPRECIATION EXPENSE

    Expenses $33,090

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

Listed in Part VII

  • Alice Sanders

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Narvell Peterson

    EXECUTIVE VP

    Total calculated
    $0
    Hours/week
    0.5

  • Terrye Y Howell

    VP PROGRAMS

    Total calculated
    $0
    Hours/week
    0.5

  • Terrance Horne

    VP, OPERATIO

    Total calculated
    $0
    Hours/week
    0.5

  • Ivory Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Sara Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Roscoe Williams

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Gregory Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Gardner Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Burney Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Alton Norwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rodney Rackley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ralph Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • C Deming Cowles

    ADVISORY BOA

    Total calculated
    $0
    Hours/week
    0.5

  • Clinton Horne

    ADVISORY BOA

    Total calculated
    $0
    Hours/week
    0.5

  • Howard Kay

    ADVISORY BOA

    Total calculated
    $0
    Hours/week
    0.5

  • Jerome Mack

    ADVISORY BOA

    Total calculated
    $0
    Hours/week
    0.5

  • Carolyn D Pass MD

    ADVISORY BOA

    Total calculated
    $0
    Hours/week
    0.5

  • Roy A Leath Sr

    EXECUTIVE DI

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 March 2023
IRS schema version
2022v4.1
Source object
202310659349300816

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