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← ADVENTURES IN LEARNING FOUNDATION

Form 990 for tax year 2023

Filed by ADVENTURES IN LEARNING FOUNDATION.

Totals

Total revenue
$15,306
Total expenses
$228,811
Contributions and grants received
$25
Grants paid
$221,125
Program service revenue
$0
Investment income
$15,281
Other revenue
$0
Total assets, end of year
$27,104
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$27,104
Program services expenses (Part IX)
$221,125
Management and general expenses
$7,686
Fundraising expenses
$0
Program service expenses (Part III)
$221,125

Program services were 96.6% 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.

  • 1f · All other contributions, gifts and grants

    $25

  • 3 · Investment income

    total $562 · excluded $562

  • 7a · Gross sales of assets other than inventory

    securities $226,807

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

    securities $212,088

  • 7c · Gain or loss

    securities $14,719

  • 7d · Net gain or loss

    total $14,719 · excluded $14,719

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $221,125 · program services $221,125

  • 11c · Fees: accounting

    total $6,090 · management and general $6,090

  • 11f · Fees: investment management

    total $1,561 · management and general $1,561

  • 24a · Other expenses: DEPARTMENT OF JUSTICE

    total $25 · management and general $25

  • 24b · Other expenses: FOREIGN TAX PAID

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $22,993 · end of year $18,576

  • 10a · Land, buildings and equipment: cost or other basis

    $24,094

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,566

  • 10c · Land, buildings and equipment, net

    beginning of year $8,528 · end of year $8,528

  • 11 · Investments: publicly traded securities

    beginning of year $217,224

  • 29 · Capital stock, trust principal or current funds

    beginning of year $981,599 · end of year $981,599

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$732,854 · end of year -$954,495

Mission and programs · 2023

Mission

PROVIDE FINANCIAL SUPPORT TO DESIGNATED PUBLIC CHARITIES DESCRIBED IN IRC SEC 509(A)(1) OR (2). ALL GRANTS TO THESE CHARITIES WILL BE MADE TO FURTHER CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES.

Activities or mission (Part I)

SEE SCHEDULE O

  • IN THE PAST, ADVENTURES IN LEARNING FOUNDATION OPERATED AN EDUCATIONAL PROGRAM CALLED ADVENTURES IN LEARNING UNDER THE AUSPICES OF THE FRIENDS OF THE HOLLOW. THE OPERATIONS OFADVENTURES IN LEARNING PROGRAM HAVE TEMPORARILY CEASED. ADVENTURES IN LEARNING IS CURRENTLY SUPPORTING OTHER BENEFICIARIES OUTLINED IN THE FOUNDATION'S TRUST AGREEMENT.

    Expenses $221,125 · Grants $221,125

As filed on the 2023 return.

Listed in Part VII

  • Mary C Collins

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jay Simpson

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Thomas Debutts

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Patricia Warrender

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Christopher Collins

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423189349310722

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