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Nonprofiteer
← PORCHLIGHT FOUNDATION INC

Form 990 for tax year 2022

Filed by PORCHLIGHT FOUNDATION INC.

Totals

Total revenue
$32,559
Total expenses
$6,025
Contributions and grants received
$1,004
Grants paid
$0
Program service revenue
$0
Investment income
$31,555
Other revenue
$0
Total assets, end of year
$611,318
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$611,318
Program services expenses (Part IX)
$0
Management and general expenses
$6,025
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $1,004

  • 3 · Investment income

    total $18,196 · excluded $18,196

  • 7a · Gross sales of assets other than inventory

    securities $13,359

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

    securities $0

  • 7c · Gain or loss

    securities $13,359

  • 7d · Net gain or loss

    total $13,359 · excluded $13,359

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 24e · All other expenses

    total $4,525 · management and general $4,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,448 · end of year $28,306

  • 11 · Investments: publicly traded securities

    beginning of year $702,943 · end of year $583,012

  • 27 · Net assets without donor restrictions

    beginning of year $729,391 · end of year $611,318

Mission and programs · 2022

Mission

NONE

Activities or mission (Part I)

TO SUPPORT PORCHLIGHT, INC. IN PROVIDING LOW-COST HOUSING ASSISTANCE AND RELATED SUPPORT SERVICES TO THOSE IN NEED.

  • THE PORCHLIGHT FOUNDATION, INC. IS COMMITTED TO PROVIDING LOW-INCOME HOUSING ASSISTANCE AND RELATED SUPPORT SERVICES TO THOSE IN NEED.

As filed on the 2022 return.

Listed in Part VII

  • Karla Thennes

    SECRETARY

    Total calculated
    $133,402
    From this org
    $0
    From related orgs
    $105,740
    Other
    $27,662
    Hours/week
    1 + 41 related

  • Jeff Femrite

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Peter Mortenson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Luann Quella

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mark Consigny

    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

No itemized grants to organizations 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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303179349302320

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