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Nonprofiteer
← CITY OF EVANSVILLE ENDOWMENT FUND INC

Form 990 for tax year 2022

Filed by CITY OF EVANSVILLE ENDOWMENT FUND INC.

Totals

Total revenue
$2,363,018
Total expenses
$510,364
Contributions and grants received
$0
Grants paid
$457,188
Program service revenue
$0
Investment income
$2,363,018
Other revenue
$0
Total assets, end of year
$10,184,624
Total liabilities, end of year
$20,137
Net assets or fund balances, end of year
$10,164,487
Program services expenses (Part IX)
$467,606
Management and general expenses
$42,758
Fundraising expenses
$0
Program service expenses (Part III)
$467,606

Program services were 91.6% 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.

  • 3 · Investment income

    total $190,284 · related or exempt $190,284 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $14,311,364 · other assets $0

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

    securities $12,138,630 · other assets $0

  • 7c · Gain or loss

    securities $2,172,734 · other assets $0

  • 7d · Net gain or loss

    total $2,172,734 · related or exempt $2,172,734 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $457,188 · program services $457,188

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 11a · Fees: management

    total $20,500 · program services $10,250 · management and general $10,250

  • 11b · Fees: legal

    total $2,404 · management and general $2,404

  • 11f · Fees: investment management

    total $28,734 · management and general $28,734

  • 13 · Office expenses

    total $1,538 · program services $168 · management and general $1,370

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,093 · end of year $133,601

  • 11 · Investments: publicly traded securities

    beginning of year $9,506,770 · end of year $10,051,023

  • 17 · Accounts payable and accrued expenses

    end of year $137

  • 18 · Grants payable

    beginning of year $20,000 · end of year $20,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,576,863 · end of year $10,164,487

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO SUPPORT CHARITABLE ORGANIZATIONS THROUGH CAPITAL PROJECT GRANTS THAT IMPACT THE CITY OF EVANSVILLE

  • PROVIDED FUNDING FOR CAPITAL PROJECTS BENEFITING NONPROFIT ORGANIZATIONS IN EVANSVILLE INDIANA. THESE CAPITAL PROJECTS INCLUDED ROOF REPLACEMENT, FLOORING UPGRADES, EXPANSION/RENOVATION PROJECTS, HOUSING DEVELOPMENT ASSISTANCE, ENERGY EFFICIENCY IMPROVEMENTS, BUILDING RESTORATION PROJECTS AND BUILDING SECURITY

    Expenses $467,606 · Grants $457,188

As filed on the 2022 return.

Listed in Part VII

  • Jill Carpenter

    President & CEO CFA

    Total calculated
    $189,042
    From this org
    $0
    From related orgs
    $175,532
    Other
    $13,510
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,532 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,237 related
    Nontaxable benefits
    $0 + $8,273 related
    Filer's total
    $0 + $189,042 related

  • Jerome Stewart

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Alan Groves

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kaitlin Moore Morely

    Director

    Total calculated
    $0
    Hours/week
    2

  • Susan Harp

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ron Beane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Justin Elpers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amber Rascoe

    President

    Total calculated
    $0
    Hours/week
    2

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

The 10 largest by cash amount. The API serves every itemized grant.

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
30 April 2024
IRS schema version
2022v5.0
Source object
202431209349301533

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