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Nonprofiteer
← THE TONEY FOUNDATION

Form 990 for tax year 2022

Filed by THE TONEY FOUNDATION.

Totals

Total revenue
$134,616
Total expenses
$150,198
Contributions and grants received
$163,669
Grants paid
$149,500
Program service revenue
$0
Investment income
$0
Other revenue
-$29,053
Total assets, end of year
$5,973
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,973
Program services expenses (Part IX)
$149,500
Management and general expenses
$698
Fundraising expenses
$0
Program service expenses (Part III)
$149,500

Program services were 99.5% 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.

  • 1c · Fundraising events

    $163,669

  • 1g · Noncash contributions included above

    $26,087

  • 8a · Fundraising events: gross income

    $46,150

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

    $163,669

  • 8b · Fundraising events: direct expenses

    $75,203

  • 8c · Net income from fundraising events

    total -$29,053 · excluded -$29,053

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $149,500 · program services $149,500

  • 23 · Insurance

    total $698 · management and general $698

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,555 · end of year $5,973

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $21,555 · end of year $5,973

Mission and programs · 2022

Mission

PLAN, ORGANIZE, AND HOST AN ANNUAL GOLF EVENT TO RAISE FUNDS FOR CHARITABLE PURPOSES

Activities or mission (Part I)

RUN GOLF OUTING TO RAISE FUNDS FOR CHARITABLE PURPOSES

  • SCHOLARSHIP GRANTS WERE AWARDED IN THE AMOUNTS OF $130,000 TO THE UNITED NEGRO COLLEGE FUND, $8,000 TO FRIEND OF THE CHILDREN, $7,500 TO THE OWEN COUNTY COMMUNITY FUND, AND $4,000 TO THE DEVELOPMENT CENTER.

    Expenses $149,500 · Grants $149,500

As filed on the 2022 return.

Listed in Part VII

  • Sam McCarter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wendy Ann Nibarger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Frederiek Toney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FORD MOTOR COMPANY

    C · VEHICLE MANUFACTURING · DE

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343109349300869

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