Form 990 for tax year 2023
Filed by BIDDY MASON CHARITABLE FOUNDATION.
Totals
- Total revenue
- $467,721
- Total expenses
- $346,956
- Contributions and grants received
- $479,774
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $7,268
- Other revenue
- -$19,321
- Total assets, end of year
- $597,482
- Total liabilities, end of year
- $54
- Net assets or fund balances, end of year
- $597,428
- Program services expenses (Part IX)
- $265,647
- Management and general expenses
- $81,309
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $265,647
Program services were 76.6% 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
$80,000
-
1f · All other contributions, gifts and grants
$399,774
-
3 · Investment income
total $7,268 · related or exempt $7,268
-
6a · Gross rents
real property $2,434
-
6c · Rental income or loss
real property $2,434
-
6d · Net rental income or loss
total $2,434 · related or exempt $2,434
-
8a · Fundraising events: gross income
$20,992
-
8a · Fundraising events: contributions included on line 1c
$80,000
-
8b · Fundraising events: direct expenses
$34,671
-
8c · Net income from fundraising events
total -$13,679 · excluded -$13,679
-
11a · Other revenue: Other Income
total $1,017 · related or exempt $1,017
-
11b · Other revenue: Investment Losses
total -$9,093 · related or exempt -$9,093
-
11e · Other revenue, total
-$8,076
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $90,000 · program services $72,000 · management and general $18,000
-
7 · Other salaries and wages
total $4,395 · program services $4,395
-
9 · Other employee benefits
total $7,183 · program services $5,813 · management and general $1,370
-
10 · Payroll taxes
total $7,966 · program services $6,447 · management and general $1,519
-
11b · Fees: legal
total $480 · program services $480
-
11f · Fees: investment management
total $4,646 · management and general $4,646
-
16 · Occupancy
total $120 · program services $120
-
17 · Travel
total $3,579 · program services $3,579
-
19 · Conferences, conventions and meetings
total $2,223 · program services $2,223
-
22 · Depreciation, depletion and amortization
total $6,299 · management and general $6,299
-
23 · Insurance
total $23,183 · program services $11,617 · management and general $11,566
-
24a · Other expenses: Scholarships and Awards
total $76,292 · program services $76,292
-
24b · Other expenses: Professional Fees
total $6,010 · program services $4,610 · management and general $1,400
-
24c · Other expenses: Outside Services
total $3,761 · program services $3,761
-
24d · Other expenses: Payroll Fees
total $4,755 · program services $3,848 · management and general $907
-
24e · All other expenses
total $106,064 · program services $70,462 · management and general $35,602
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $150,795 · end of year $3,324
-
2 · Savings and temporary cash investments
beginning of year $298,189 · end of year $104,405
-
9 · Prepaid expenses and deferred charges
beginning of year $435 · end of year $405
-
10a · Land, buildings and equipment: cost or other basis
$31,496
-
10b · Land, buildings and equipment: accumulated depreciation
$6,299
-
10c · Land, buildings and equipment, net
beginning of year $31,496 · end of year $25,197
-
11 · Investments: publicly traded securities
end of year $464,151
-
15 · Other assets
beginning of year $261
-
17 · Accounts payable and accrued expenses
beginning of year $4,513
-
25 · Other liabilities
end of year $54
-
27 · Net assets without donor restrictions
beginning of year $176,663 · end of year $297,428
-
28 · Net assets with donor restrictions
beginning of year $300,000 · end of year $300,000
Mission and programs · 2023
Mission
To provide services and support to foster and transition age youth
-
During the year, the agency awarded 50 youth scholarships and 16 book stipends. The agency also provided transitional housing.
Expenses $265,647
As filed on the 2023 return.
Listed in Part VII
-
Jackie Broxton
CEO & President
- Total calculated
- $90,000
- From this org
- $90,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Michael Ellison Lewis
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Patricia Wilson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
David Welch
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Dr Cynthia Hudley
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jefferson Cox
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Otho Day
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Eber Bayona
Vice President
- Total calculated
- $0
- Hours/week
- 3
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500649349300525
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