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Nonprofiteer
← COPPER NAIL

Form 990 for tax year 2023

Filed by COPPER NAIL.

Totals

Total revenue
$292,298
Total expenses
$276,336
Contributions and grants received
$15,000
Grants paid
$199,752
Program service revenue
$0
Investment income
$1,435
Other revenue
$275,863
Total assets, end of year
$695,466
Total liabilities, end of year
$217
Net assets or fund balances, end of year
$695,249
Program services expenses (Part IX)
$269,642
Management and general expenses
$6,694
Fundraising expenses
$0
Program service expenses (Part III)
$269,642

Program services were 97.6% 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

    $15,000

  • 3 · Investment income

    total $1,435 · related or exempt $1,435

  • 10a · Gross sales of inventory

    $275,863

  • 10c · Net income from sales of inventory

    total $275,863 · related or exempt $275,863

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $199,752 · program services $199,752

  • 11c · Fees: accounting

    total $3,775 · management and general $3,775

  • 11g · Fees: other

    total $2,279 · program services $2,279

  • 12 · Advertising and promotion

    total $10,304 · program services $10,304

  • 16 · Occupancy

    total $13,526 · program services $13,526

  • 22 · Depreciation, depletion and amortization

    total $16,257 · program services $16,257

  • 23 · Insurance

    total $3,185 · program services $3,185

  • 24a · Other expenses: SALES TAX

    total $15,081 · program services $15,081

  • 24b · Other expenses: SUPPLIES

    total $6,246 · program services $3,327 · management and general $2,919

  • 24c · Other expenses: BANK FEES

    total $3,420 · program services $3,420

  • 24d · Other expenses: POSTAGE

    total $1,625 · program services $1,625

  • 24e · All other expenses

    total $886 · program services $886

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $174,010 · end of year $206,244

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

    $656,706

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

    $167,484

  • 10c · Land, buildings and equipment, net

    beginning of year $505,477 · end of year $489,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $200 · end of year $203

  • 25 · Other liabilities

    end of year $14

  • 27 · Net assets without donor restrictions

    beginning of year $679,287 · end of year $695,249

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL SUPPORT TO LOCAL NONPROFIT ORGANIZATIONS IN TEH GRASS LAKE AREA IN ORDER TO ASSIST THEM IN MEETING THEIR GROUP GOALS. TO ACHIEVE THIS MISSION WE OPERATE A COMMUNITY RESALE SHOP REATILING ITEMS DONATED BY THE COMMUNITY.

  • THE COPPER NAIL COMMUNITY RESLAE SHOP HAS PROVIDED MORE THAN 1,100,000 TO VARIOUS LOCAL NONPROFIT ORGANIZATIONS AND GROUPS IN THE GRASS LAKE AREA.

    Expenses $186,803 · Grants $116,913

  • CONTINUED LOCAL SUPPORT TO NON PROFIT ORGANIZATION THAT DON'T EXCEED THE REQUIREMENT FOR LISTING ON SCHEDULE I.

    Expenses $82,839 · Grants $82,839

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

Listed in Part VII

  • Ed Fuller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Melvin Parker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Wendy Thran

    TRUSTEE

    Total calculated
    $0

  • Steve Vorves

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Diane Deboe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Maggie Morehouse

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Carolyn Rees

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Sandy Wymer

    TREASURER

    Total calculated
    $0
    Hours/week
    6

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
22 October 2024
IRS schema version
2023v5.0
Source object
202423029349301192

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