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Nonprofiteer
← HM3 PARTNERS INDEPENDENCE FUND INC

Form 990 for tax year 2023

Filed by HM3 PARTNERS INDEPENDENCE FUND INC.

Totals

Total revenue
$181,647
Total expenses
$21,965
Contributions and grants received
$189,110
Grants paid
$13,750
Program service revenue
$0
Investment income
$1
Other revenue
-$7,464
Total assets, end of year
$303,690
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$303,690
Program services expenses (Part IX)
$13,750
Management and general expenses
$8,215
Fundraising expenses
$0
Program service expenses (Part III)
$13,750

Program services were 62.6% 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.

  • 1c · Fundraising events

    $27,435

  • 1f · All other contributions, gifts and grants

    $161,675

  • 3 · Investment income

    total $1 · excluded $1

  • 8a · Fundraising events: gross income

    $10,202

  • 8a · Fundraising events: contributions included on line 1c

    $27,435

  • 8b · Fundraising events: direct expenses

    $17,666

  • 8c · Net income from fundraising events

    total -$7,464

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,750 · program services $11,750

  • 2 · Grants to domestic individuals

    total $2,000 · program services $2,000

  • 11c · Fees: accounting

    total $6,600 · management and general $6,600

  • 22 · Depreciation, depletion and amortization

    total $525 · management and general $525

  • 23 · Insurance

    total $840 · management and general $840

  • 24a · Other expenses: BUSINESS REGISTRATION FEE

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,826 · end of year $15,033

  • 7 · Other notes and loans receivable

    end of year $150,000

  • 9 · Prepaid expenses and deferred charges

    end of year $10,000

  • 14 · Intangible assets

    beginning of year $525

  • 15 · Other assets

    beginning of year $128,657 · end of year $128,657

  • 27 · Net assets without donor restrictions

    beginning of year $144,008 · end of year $303,690

Mission and programs · 2023

Mission

TO BENEFIT ORGANIZATIONS THAT SUPPORT THEIR COMMUNITY, COUNTRY OR CARING ORGANIZATIONS.

Activities or mission (Part I)

COMPANY IS ENGAGED IN THE BUSINESS OF RAISING PUBLIC AND PRIVATE FUNDS AND PROVIDING FUNDING TO COMMUNITY INTERESTS THAT THE COMPANY'S BOARD OF DIRECTORS DEEMS IMPORTANT TO THE PUBLIC INTEREST AND MISSION OF THE COMPANY.

  • TO PROVIDE FUNDING TO COMMUNITY INTERESTS THAT THE COMPANY'S BOARD OF DIRECTORS DEEMS IMPORTANT TO THE PUBLIC INTEREST AND MISSION OF THE COMPANY.

    Expenses $13,750 · Grants $13,750

As filed on the 2023 return.

Listed in Part VII

  • Patrick Hampson

    PRESIDENT/CH

    Total calculated
    $0

  • Thomas Merhaut

    SECRETARY/TR

    Total calculated
    $0

  • Kevin Colbert

    DIRECTOR

    Total calculated
    $0

  • Larry Richert

    DIRECTOR

    Total calculated
    $0

  • Michael Young

    DIRECTOR

    Total calculated
    $0

  • Paul Mango

    DIRECTOR

    Total calculated
    $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

Provenance

Return type
form_990
Tax year
2023
Filed
1 March 2024
IRS schema version
2023v4.0
Source object
202440659349301029

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