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Nonprofiteer
← HUTCHINSON RIVER EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by HUTCHINSON RIVER EDUCATION FOUNDATION INC.

Totals

Total revenue
$1,910,102
Total expenses
$1,791,781
Contributions and grants received
$0
Grants paid
$1,359,771
Program service revenue
$0
Investment income
$0
Other revenue
$1,910,102
Total assets, end of year
$24,131,393
Total liabilities, end of year
$1,366,024
Net assets or fund balances, end of year
$22,765,369
Program services expenses (Part IX)
$1,671,242
Management and general expenses
$120,539
Fundraising expenses
$0
Program service expenses (Part III)
$1,671,242

Program services were 93.3% 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.

  • 6a · Gross rents

    real property $2,012,588

  • 6b · Less rental expenses

    real property $102,541

  • 6c · Rental income or loss

    real property $1,910,047

  • 6d · Net rental income or loss

    total $1,910,047 · excluded $1,910,047

  • 11a · Other revenue: OTHER INCOME

    total $55 · excluded $55

  • 11e · Other revenue, total

    $55

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,359,771 · program services $1,359,771

  • 11b · Fees: legal

    total $100,922 · management and general $100,922

  • 11c · Fees: accounting

    total $9,880 · management and general $9,880

  • 11g · Fees: other

    total $60,000 · program services $60,000

  • 13 · Office expenses

    total $264 · program services $264

  • 16 · Occupancy

    total $218,699 · program services $218,699

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $32,508 · program services $32,508

  • 24b · Other expenses: BAD DEBT

    total $9,737 · management and general $9,737

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,251 · end of year $14,649

  • 4 · Accounts receivable

    beginning of year $9,737 · end of year $0

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

    $1,637,324

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

    $422,658

  • 10c · Land, buildings and equipment, net

    beginning of year $1,184,666 · end of year $1,214,666

  • 15 · Other assets

    beginning of year $25,003,544 · end of year $22,902,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $383,271 · end of year $344,756

  • 21 · Escrow or custodial account liability

    beginning of year $388,125 · end of year $413,125

  • 24 · Unsecured notes and loans payable

    beginning of year $898,983 · end of year $608,143

  • 25 · Other liabilities

    beginning of year $142,771 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,890,048 · end of year $2,008,369

  • 28 · Net assets with donor restrictions

    beginning of year $22,644,000 · end of year $20,757,000

Mission and programs · 2022

Mission

TO SUPPORT MONSIGNOR SCANLAN HIGH SCHOOL AND PROVIDE FINANCIAL SUPPORT FOR THE MAINTENANCE AND IMPROVEMENT OF THE SCHOOL CAMPUS ON WHICH OTHER NOT-FOR-PROFIT ENTITIES ARE LOCATED.

Activities or mission (Part I)

TO SUPPORT MONSIGNOR SCANLAN HIGH SCHOOL AND OTHER NOT-FOR-PROFIT ENTITIES.

  • THE FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE MAINTENANCE AND IMPROVEMENT OF THE SCHOOL CAMPUS INCLUDING RENOVATIONS, REPAIRS, LANDSCAPING AND UPKEEP, FOR THE BENEFIT OF MONSIGNOR SCANLAN HIGH SCHOOL.

    Expenses $1,671,242 · Grants $1,359,771

As filed on the 2022 return.

Listed in Part VII

  • CHRISTOPHER F GALLAGHER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 19 related

  • JOSEPH S SOLIMINE

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 14.5 related

  • RAMON VELEZ JR

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

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
15 July 2024
IRS schema version
2022v5.0
Source object
202441979349302659

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