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← GREATER ORGANIZATION FOR LESS FORTUNATE

Form 990 for tax year 2022

Filed by GREATER ORGANIZATION FOR LESS FORTUNATE.

Totals

Total revenue
$173,023
Total expenses
$116,900
Contributions and grants received
$143,212
Grants paid
$116,000
Program service revenue
$0
Investment income
$1,332
Other revenue
$28,479
Total assets, end of year
$314,025
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$314,025
Program services expenses (Part IX)
$116,000
Management and general expenses
$900
Fundraising expenses
$0
Program service expenses (Part III)
$116,000

Program services were 99.2% 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

    $143,212

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,332 · related or exempt $1,332 · unrelated business $0 · 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: gross income

    $72,500

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

    $0

  • 8b · Fundraising events: direct expenses

    $44,021

  • 8c · Net income from fundraising events

    total $28,479 · unrelated business $0 · excluded $28,479

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $116,000 · program services $116,000

  • 12 · Advertising and promotion

    total $425 · program services $0 · management and general $425

  • 24a · Other expenses: Trademark filing fee

    total $250 · program services $0 · management and general $250 · fundraising $0

  • 24b · Other expenses: Tax return filing fee

    total $130 · program services $0 · management and general $130 · fundraising $0

  • 24c · Other expenses: Advisory fee

    total $95 · program services $0 · management and general $95 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $257,902 · end of year $112,693

  • 2 · Savings and temporary cash investments

    end of year $201,332

  • 27 · Net assets without donor restrictions

    beginning of year $257,902 · end of year $314,025

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To raise funds for less fortunate youth

  • Donation to Cristo Rey for scholarships

    Expenses $20,000 · Grants $20,000

  • Donation to Fr Smyth Standing Tall Fdn for scholarships

    Expenses $55,000 · Grants $55,000

  • Donation To Loyola Academy for scholarships

    Expenses $5,000 · Grants $5,000

  • Donation to NorthShore CC Foundation for scholarships

    Expenses $15,000 · Grants $15,000

  • Donation to Christ The King Jesuit College Prep for scholarships

    Expenses $10,000 · Grants $10,000

  • Donation to St Francis High School for scholarships

    Expenses $10,000 · Grants $10,000

  • Donation to Evans Scholars for scholarships

    Expenses $1,000 · Grants $1,000

As filed on the 2022 return.

Listed in Part VII

  • Stephen C Schulte

    President

    Total calculated
    $0
    Hours/week
    10

  • Kathleen A Schulte

    Vice President and Secretary

    Total calculated
    $0
    Hours/week
    10

  • James P Burke Jr

    Vice President and Treasurer

    Total calculated
    $0
    Hours/week
    10

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
2022
Filed
13 December 2023
IRS schema version
2022v5.0
Source object
202343489349300134

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