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Nonprofiteer
← SALINA FIELD HOUSE LENDER INC

Form 990 for tax year 2023

Filed by SALINA FIELD HOUSE LENDER INC.

Totals

Total revenue
$87,533
Total expenses
$8,690,589
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$87,533
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$8,690,589
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,690,589

Program services were 100.0% 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.

  • 3 · Investment income

    total $87,533 · related or exempt $87,533

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $8,690,501 · program services $8,690,501

  • 24b · Other expenses: BANK FEES

    total $88 · program services $88

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $767,353 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $8,690,500 · end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $9,457,854 · end of year $0

Mission and programs · 2023

Mission

THE CORPORATION ASSISTS IN PROMOTING ECONOMIC DEVELOPMENT IN THE CITY OF SALINA BY PROVIDING DEBT FINANCING TO ALLOW FOR INCREASED AVAILABILITY OF NEW MARKETS TAX CREDITS AS DEFINED IN SECTION 45D OF THE IRS CODE OF 1986.

Activities or mission (Part I)

SEE SCHEDULE O FOR ORGANIZATION'S MISSION. THE FUNCTION IS TO ASSIST IN PROMOTING ECONOMIC DEVELOPMENT IN THE CITY OF SALINA BY PROVIDING DEBT FINANCING TO ALLOW FOR INCREASED AVAILABILITY OF NEW MARKETS TAX CREDITS AS DEFINED IN SECTION 45D OF THE IRS CODE OF 1986.

  • THE CORPORATION PROVIDES DEBT FINANCING AS NEEDED.

    Expenses $8,690,589

As filed on the 2023 return.

Listed in Part VII

  • Trent Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Davidson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Samantha Angell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark Ritter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Hoppock

    TREASURER

    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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • CITY OF SALINA

    $854,798

    Liquidation · CASH · Dec 31, 2023 · LOCAL GOVERNMENT/MUNICIPALITY

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349308002

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