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← THE EXPERIENTIAL LEARNING & ENTREPRENEURSHIP FOUNDATION INC

Form 990 for tax year 2022

Filed by THE EXPERIENTIAL LEARNING & ENTREPRENEURSHIP FOUNDATION INC.

Totals

Total revenue
$28,456
Total expenses
$14,002
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,384
Investment income
$72
Other revenue
$0
Total assets, end of year
$738,048
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$738,048
Program services expenses (Part IX)
$4,337
Management and general expenses
$9,665
Fundraising expenses
$0
Program service expenses (Part III)
$4,337

Program services were 31.0% 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.

  • 2a · Program service revenue: 7435 N. KEYSTONE

    total $28,384 · related or exempt $28,384

  • 3 · Investment income

    total $72 · excluded $72

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,003 · management and general $5,003

  • 11c · Fees: accounting

    total $4,662 · management and general $4,662

  • 16 · Occupancy

    total $4,321 · program services $4,321

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $16 · program services $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $708,117 · end of year $722,571

  • 4 · Accounts receivable

    beginning of year $15,477 · end of year $15,477

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$372,352 · end of year -$357,898

  • 28 · Net assets with donor restrictions

    beginning of year $1,095,946 · end of year $1,095,946

Mission and programs · 2022

Mission

THE PURPOSE OF THE FOUNDATION IS TO DEVELOP, PROMOTE, FINANCE, SUPERVISE AND ADMINISTER EDUCATIONAL PROGRAMS.

Activities or mission (Part I)

ADMINISTRATION OF EDUCATIONAL PROGRAMS.

  • EXPERIENTIAL LEARNING AND ENTREPRENEURSHIP ASSISTS EDUCATIONAL ORGANIZATIONS IN THE DEVELOPMENT AND IMPLEMENTATION OF VARIOUS EDUCATIONAL PROGRAMS FOR SCHOOLCHILDREN IN CENTRAL INDIANA.

    Expenses $4,337 · Revenue $28,384

As filed on the 2022 return.

Listed in Part VII

  • GARY ALETTO

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • GREG KROOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • SMOKE WALLIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • BOB PALMER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • MIKE WELLS

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • CHRIS LAMOTHE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • CHERYL WATSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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.

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
29 April 2024
IRS schema version
2022v5.0
Source object
202401219349300930

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