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Nonprofiteer
← MARTHA OBRYAN FOUNDATION INC

Form 990 for tax year 2023

Filed by MARTHA OBRYAN FOUNDATION INC.

Totals

Total revenue
$239,612
Total expenses
$160,590
Contributions and grants received
$102,000
Grants paid
$137,605
Program service revenue
$0
Investment income
$64,697
Other revenue
$72,915
Total assets, end of year
$1,936,641
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,936,641
Program services expenses (Part IX)
$137,605
Management and general expenses
$22,985
Fundraising expenses
$0
Program service expenses (Part III)
$137,605

Program services were 85.7% 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

    $102,000

  • 3 · Investment income

    total $51,542 · excluded $51,542

  • 7a · Gross sales of assets other than inventory

    securities $13,155

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

    securities $0

  • 7c · Gain or loss

    securities $13,155

  • 7d · Net gain or loss

    total $13,155 · excluded $13,155

  • 11a · Other revenue: INCREASES IN CASH SURR

    total $72,915 · excluded $72,915

  • 11e · Other revenue, total

    $72,915

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,176 · program services $91,176

  • 2 · Grants to domestic individuals

    total $46,429 · program services $46,429

  • 11g · Fees: other

    total $13,690 · management and general $13,690

  • 24a · Other expenses: OTHER EXPENSES

    total $8,169 · management and general $8,169

  • 24b · Other expenses: LIFE INSURANCE PREMIUMS

    total $1,126 · management and general $1,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $190,097 · end of year $74,181

  • 12 · Investments: other securities

    beginning of year $1,252,319 · end of year $1,421,118

  • 15 · Other assets

    beginning of year $375,995 · end of year $441,342

  • 25 · Other liabilities

    beginning of year $95,023 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,666,382 · end of year $1,926,064

  • 28 · Net assets with donor restrictions

    beginning of year $57,006 · end of year $10,577

Mission and programs · 2023

Mission

THE MARTHA O'BRYAN FOUNDATION IS A SUPPORTING ORGANIZATION FORMED AND OPERATED TO SUPPORT THE MARTHA O'BRYAN CENTER, INC., AN ORGANIZATION EXEMPT UNDER IRC SECTION 501(C)(3).

Activities or mission (Part I)

THE PURPOSES OF THE FOUNDATION ARE THOSE SET FORTH IN ITS CHARTER, AS FROM TIME TO TIME AMENDED. NAMELY, TO ESTABLISH A PERMANENT ENDOWMENT FUND, RECEIVING GIFTS OF MONEY AND PROPERTY, INVESTING AND MANAGING THE FUND, AND USING THE PROCEEDS THEREFROM IN SUCH MANNER FOR THE BENEFIT OF MARTHA O'BRYAN CENTER AS THE TRUSTEES IN THEIR DISCRETION MAY DEEM BEST, GIVING PRIORITY TO THE USE OF ENDOWMENT FUNDS FOR MAJOR MAINTENANCE, MODERNIZATION OR EXPANSION OF BUILDINGS AND FACILITIES, EXTENSIONS OF SERVICES, AND DEVELOPING AND TRAINING PROFESSIONAL LEADERSHIP.

  • THE PURPOSES OF THE FOUNDATION ARE THOSE SET FORTH IN ITS CHARTER, AS FROM TIME TO TIME AMENDED. NAMELY, TO ESTABLISH A PERMANENT ENDOWMENT FUND, RECEIVING GIFTS OF MONEY AND PROPERTY, INVESTING AND MANAGING THE FUND, AND USING THE PROCEEDS THEREFROM IN SUCH MANNER FOR THE BENEFIT OF MARTHA O'BRYAN CENTER AS THE TRUSTEES IN THEIR DISCRETION MAY DEEM BEST, GIVING PRIORITY TO THE USE OF ENDOWMENT FUNDS FOR MAJOR MAINTENANCE, MODERNIZATION OR EXPANSION OF BUILDINGS AND FACILITIES, EXTENSIONS OF SERVICES, AND DEVELOPING AND TRAINING PROFESSIONAL LEADERSHIP.

    Expenses $137,605 · Grants $137,605

As filed on the 2023 return.

Listed in Part VII

  • MR R BOOTH CHAPMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR JAMES A DUENSING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR DAVID C WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR FRANCIS M BASS II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR THOMAS F MCDOW III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR R TIMOTHY SINKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARSHA EDWARDS

    CEO

    Total calculated
    $239,200
    From this org
    $0
    From related orgs
    $239,200
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $239,200 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $239,200 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349303928

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