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Nonprofiteer
← RIO VERDE COMMUNITY FOUNDATION INC

Form 990 for tax year 2023

Filed by RIO VERDE COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,386,894
Total expenses
$1,370,285
Contributions and grants received
$1,385,953
Grants paid
$1,364,530
Program service revenue
$0
Investment income
$941
Other revenue
$0
Total assets, end of year
$118,489
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$118,489
Program services expenses (Part IX)
$1,364,530
Management and general expenses
$5,723
Fundraising expenses
$32
Program service expenses (Part III)
$1,364,530

Program services were 99.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $1,385,953

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $941 · related or exempt $0 · unrelated business $941 · 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

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,337,875 · program services $1,337,875

  • 2 · Grants to domestic individuals

    total $26,655 · program services $26,655

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $0 · program services $0

  • 8 · Pension plan contributions

    total $0 · program services $0

  • 9 · Other employee benefits

    total $0 · program services $0

  • 10 · Payroll taxes

    total $0 · program services $0

  • 11a · Fees: management

    total $0 · program services $0

  • 11b · Fees: legal

    total $0 · program services $0

  • 11c · Fees: accounting

    total $0 · program services $0

  • 11d · Fees: lobbying

    total $0 · program services $0

  • 11f · Fees: investment management

    total $0 · program services $0

  • 11g · Fees: other

    total $0 · program services $0

  • 12 · Advertising and promotion

    total $0 · program services $0

  • 13 · Office expenses

    total $0 · program services $0

  • 14 · Information technology

    total $0 · program services $0

  • 15 · Royalties

    total $0 · program services $0

  • 16 · Occupancy

    total $0 · program services $0

  • 17 · Travel

    total $0 · program services $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0

  • 20 · Interest

    total $0 · program services $0

  • 21 · Payments to affiliates

    total $0 · program services $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0

  • 23 · Insurance

    total $0 · program services $0

  • 24a · Other expenses: Miscellaneous expenses

    total $1,722 · program services $0 · management and general $1,690 · fundraising $32

  • 24b · Other expenses: Legal Expenses

    total $4,033 · program services $0 · management and general $4,033 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,842 · end of year $11,434

  • 2 · Savings and temporary cash investments

    beginning of year $72,038 · end of year $107,055

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $101,880 · end of year $118,489

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To raise funds for charitable projects and scholarships that provides benefits and opportunities for the surrounding Rio Verde Community.

Activities or mission (Part I)

To raise funds for charitable projects and scholarships that provides benefits and opportunities for the area surrounding the Rio Verde Community.

  • Distributions to Honey and Sol

    Expenses $1,200,025 · Grants $1,200,025 · Revenue $1,250,000

  • Verde Charities Roundup

    Expenses $107,994 · Grants $107,994 · Revenue $108,004

  • Scholarships to Community employees and families

    Expenses $26,655 · Grants $26,655 · Revenue $17,150

  • Support for the Rio Verde community's 50th anniversary.

    Expenses $29,341 · Grants $29,341 · Revenue $9,750

  • Help refurbish the community's billiard room.

    Expenses $350 · Grants $350

  • Purchase of oven for community

    Expenses $165 · Grants $165

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Ness

    President

    Total calculated
    $0
    Hours/week
    2

  • Barbara Pritchard

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Tricia Wolber

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Margaret Zarlengo

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Terry Cummings

    Director

    Total calculated
    $0
    Hours/week
    2

  • Scott Mosby

    Director

    Total calculated
    $0
    Hours/week
    2

  • Janet McCone

    Director

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
20 March 2024
IRS schema version
2023v5.0
Source object
202410949349300706

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