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← INTERLINC FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by INTERLINC FAMILY FOUNDATION.

Totals

Total revenue
$240,456
Total expenses
$87,856
Contributions and grants received
$235,535
Grants paid
$82,900
Program service revenue
$0
Investment income
$4,921
Other revenue
$0
Total assets, end of year
$1,598,292
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,598,292
Program services expenses (Part IX)
$86,734
Management and general expenses
$960
Fundraising expenses
$162
Program service expenses (Part III)
$86,734

Program services were 98.7% 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

    $235,535

  • 3 · Investment income

    total $24,873 · excluded $24,873

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

    securities $19,952

  • 7c · Gain or loss

    securities -$19,952

  • 7d · Net gain or loss

    total -$19,952 · excluded -$19,952

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,900 · program services $82,900

  • 11f · Fees: investment management

    total $3,834 · program services $3,834

  • 24a · Other expenses: BANK FEES

    total $960 · management and general $960

  • 24e · All other expenses

    total $162 · fundraising $162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $263,434 · end of year $414,947

  • 11 · Investments: publicly traded securities

    beginning of year $1,022,365 · end of year $1,183,345

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,285,799 · end of year $1,598,292

  • 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 $0 · end of year $0

Mission and programs · 2023

Mission

THE FOUNDATION'S MISSION IS TO ALIGN OUR YOUTH WITH PEOPLE WHO WILL HELP THEM TO REALIZE THEIR SELF-WORTH AND ENCOURAGE THEM TO ACHIEVE A LIFE OF GREAT HOPE, DIRECTION, AND OPPORTUNITY, AND THEREBY, CONTRIBUTE TO THE BETTERMENT OF THE COMMUNITIES IN WHICH THEY LIVE.

Activities or mission (Part I)

ASSIST UNDER-PRIVILEGED YOUTH BY WORKING WITH AND DISTRIBUTING FUNDS THRU 501(C)(3) ORGANIZATIONS.

  • THE FOUNDATION'S MISSION IS TO ALIGN OUR YOUTH WITH PEOPLE WHO WILL HELP THEM TO REALIZE THEIR SELF-WORTH AND ENCOURAGE THEM TO ACHIEVE A LIFE OF GREAT HOPE, DIRECTION, AND OPPORTUNITY, AND THEREBY, CONTRIBUTE TO THE BETTERMENT OF THE COMMUNITIES IN WHICH THEY LIVE.

    Expenses $86,734 · Grants $82,900

As filed on the 2023 return.

Listed in Part VII

  • Gene Thompson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marcia King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steven G Peterson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Barbara Cargill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Adriann Jahn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Kowaleski

    SECRETARY

    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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • INTERLINC MORTGAGE SERVICES LLC

    MORTGAGE LOANS · TX

  • VANSTEENHOUSE FAMILY PARTNERSHIP LTD

    INVESTMENTS · TX

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349323405

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