Form 990 for tax year 2022
Filed by SOWERS CLUB OF NEBRASKA FOUNDATION.
Totals
- Total revenue
- $144,798
- Total expenses
- $214,663
- Contributions and grants received
- $44,738
- Grants paid
- $72,800
- Program service revenue
- $0
- Investment income
- $77,835
- Other revenue
- $22,225
- Total assets, end of year
- $2,886,354
- Total liabilities, end of year
- $9,349
- Net assets or fund balances, end of year
- $2,877,005
- Program services expenses (Part IX)
- $72,800
- Management and general expenses
- $141,863
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $72,800
Program services were 33.9% 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.
-
1d · Related organizations
$42,000
-
1f · All other contributions, gifts and grants
$2,738
-
3 · Investment income
total $43,363 · excluded $43,363
-
7a · Gross sales of assets other than inventory
securities $781,129
-
7b · Less cost or other basis and sales expenses
securities $746,657
-
7c · Gain or loss
securities $34,472
-
7d · Net gain or loss
total $34,472 · excluded $34,472
-
11a · Other revenue: NOTE RECEIVABLE INTEREST
total $22,225 · related or exempt $22,225
-
11e · Other revenue, total
$22,225
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $60,800 · program services $60,800
-
2 · Grants to domestic individuals
total $12,000 · program services $12,000
-
7 · Other salaries and wages
total $35,180 · management and general $35,180
-
10 · Payroll taxes
total $2,776 · management and general $2,776
-
11c · Fees: accounting
total $12,771 · management and general $12,771
-
11f · Fees: investment management
total $23,374 · management and general $23,374
-
12 · Advertising and promotion
total $360 · management and general $360
-
13 · Office expenses
total $3,253 · management and general $3,253
-
16 · Occupancy
total $18,276 · management and general $18,276
-
19 · Conferences, conventions and meetings
total $4,237 · management and general $4,237
-
22 · Depreciation, depletion and amortization
total $1,192 · management and general $1,192
-
23 · Insurance
total $9,530 · management and general $9,530
-
24a · Other expenses: CONTRACT LABOR
total $20,300 · management and general $20,300
-
24b · Other expenses: MISCELLANEOUS
total $8,610 · management and general $8,610
-
24c · Other expenses: TELEPHONE
total $1,099 · management and general $1,099
-
24d · Other expenses: REPAIRS
total $905 · management and general $905
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,988 · end of year $3,931
-
7 · Other notes and loans receivable
beginning of year $499,918 · end of year $485,359
-
10a · Land, buildings and equipment: cost or other basis
$8,502
-
10b · Land, buildings and equipment: accumulated depreciation
$3,027
-
10c · Land, buildings and equipment, net
beginning of year $5,704 · end of year $5,475
-
11 · Investments: publicly traded securities
beginning of year $2,167,638 · end of year $2,387,800
-
15 · Other assets
beginning of year $4,022 · end of year $3,789
-
17 · Accounts payable and accrued expenses
beginning of year $9,422 · end of year $9,349
-
27 · Net assets without donor restrictions
beginning of year $505,120 · end of year $703,277
-
28 · Net assets with donor restrictions
beginning of year $2,173,728 · end of year $2,173,728
Mission and programs · 2022
Mission
TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY & NEBRASKA BY PROVIDING FUNDING FOR A WIDE RANGE OF CHARITABLE GIVING WITH EMPHASIS ON YOUTH, UNDERPRIVILEGED, AND EDUCATION; AND PROVIDING A FISCALLY RESPONSIBLE PROGRAM FOR PROTECTING AND GROWING THE ASSETS OF THE FOUNDATION.
Activities or mission (Part I)
SUPPORT YOUTH PROGRAMS & ACTIVITIES
-
PROVIDE GRANTS TO 501 (C) (3) ORGANIZATIONS IN LINCOLN NEBRASKA FOR FUNDING YOUTH PROGRAMS AND ACTIVITIES.
Expenses $60,800 · Grants $60,800
-
SCHOLARSHIPS TO STUDENTS
Expenses $12,000 · Grants $12,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DICK STEPHENSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL FIENE
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
ROGER ZAJICEK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
GARY LOHSE
SECRATARY
- Total calculated
- $0
- Hours/week
- 1
-
STAN DINGES
MEMBER AT LA
- Total calculated
- $0
- Hours/week
- 1
-
BOB FLYNN
MEMBER AT LA
- Total calculated
- $0
- Hours/week
- 1
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
-
$15,000
-
$15,000
-
$12,500
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.
-
501C4 · COMMUNITY · NE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349314065
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