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Nonprofiteer
← OLD GREENWOOD FOUNDATION

Form 990 for tax year 2024

Filed by OLD GREENWOOD FOUNDATION.

Totals

Total revenue
$402,288
Total expenses
$91,925
Contributions and grants received
$176,165
Grants paid
$75,000
Program service revenue
$0
Investment income
$226,123
Other revenue
$0
Total assets, end of year
$1,900,901
Total liabilities, end of year
$1,335
Net assets or fund balances, end of year
$1,899,566
Program services expenses (Part IX)
$75,000
Management and general expenses
$16,925
Fundraising expenses
$0
Program service expenses (Part III)
$75,000

Program services were 81.6% 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

    $176,165

  • 3 · Investment income

    total $67,114 · excluded $67,114

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $726,237

  • 7b · Less cost or other basis and sales expenses

    securities $567,228

  • 7c · Gain or loss

    securities $159,009

  • 7d · Net gain or loss

    total $159,009 · related or exempt $159,009

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $75,000 · program services $75,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $3,600 · management and general $3,600

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,098 · management and general $1,098

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: GENERAL & ADMINISTRATION

    total $12,132 · management and general $12,132

  • 24b · Other expenses: LICENSES

    total $95 · management and general $95

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,667,390 · end of year $1,888,451

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $28,447 · end of year $1,650

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,800 · end of year $10,800

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,040 · end of year $1,335

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,699,597 · end of year $1,899,566

Mission and programs · 2024

Mission

CIVIC BETTERMENT AND SOCIAL IMPROVEMENTS TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE PEOPLE OF OLD GREENWOOD COMMUNITY.

  • TO ASSIST FUNDING OF REGIONAL PUBLIC TRANSPORTATION WHICH IS AVAILABLE FOR RESIDENTS AND VISITORS TO THE COMMUNITY TO HELP REDUCE VEHICULAR TRAFFIC DURING WINTER SEASON.

    Expenses $40,000 · Grants $40,000

  • SUPPORT FOR EDUCATION AND COMMUNITY ENRICHMENT

    Expenses $35,000 · Grants $35,000

  • COMMUNITY SUPPORT OF LOCAL GOLF TOURNAMENT HELD WITHIN THE COMMUNITY AND BENEFITTING LOCAL CHARITY

  • SUPPORT OF LOCAL PROGRAM FOR FOOD GIFT CARDS FOR FAMILIES

  • SUPPORT FOR COMMUNITY CARE FOR THEIR PETS

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • EDWARD MORGAN

    Director

    Total calculated
    $0
    Hours/week
    0
  • ISABEL DOMEYKO TAYLOR

    Director

    Total calculated
    $0
    Hours/week
    0
  • MICHAEL PARK

    Director

    Total calculated
    $0
    Hours/week
    0
  • SHELBY JONES

    Treasurer

    Total calculated
    $0
    Hours/week
    0
  • JOHN JEWETT

    President

    Total calculated
    $0
    Hours/week
    0
  • JEFF BROWN

    Vice President

    Total calculated
    $0
    Hours/week
    0
  • JASMINE WATTS

    Secretary

    Total calculated
    $0
    Hours/week
    0

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202513219349311041

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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