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Nonprofiteer
← POWDER RIVER ENERGY CORPORATIONFOUNDATION INC

Form 990 for tax year 2022

Filed by POWDER RIVER ENERGY CORPORATIONFOUNDATION INC.

Totals

Total revenue
$578,037
Total expenses
$347,784
Contributions and grants received
$569,761
Grants paid
$235,279
Program service revenue
$0
Investment income
$8,276
Other revenue
$0
Total assets, end of year
$847,208
Total liabilities, end of year
$67
Net assets or fund balances, end of year
$847,141
Program services expenses (Part IX)
$235,279
Management and general expenses
$60,570
Fundraising expenses
$51,935
Program service expenses (Part III)
$235,279

Program services were 67.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $105,340

  • 1d · Related organizations

    $126,200

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $338,221

  • 1g · Noncash contributions included above

    $37,692

  • 3 · Investment income

    total $8,276 · related or exempt $0 · unrelated business $0 · excluded $8,276

  • 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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 8a · Fundraising events: gross income

    $33,797

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

    $103,167

  • 8b · Fundraising events: direct expenses

    $33,797

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $15,765

  • 9b · Gaming: direct expenses

    $15,765

  • 9c · Net income from gaming

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $189,829 · program services $189,829

  • 2 · Grants to domestic individuals

    total $45,450 · program services $45,450

  • 11a · Fees: management

    total $48,543 · management and general $48,543

  • 11c · Fees: accounting

    total $8,500 · management and general $8,500

  • 12 · Advertising and promotion

    total $51,935 · fundraising $51,935

  • 13 · Office expenses

    total $547 · management and general $547

  • 19 · Conferences, conventions and meetings

    total $2,520 · management and general $2,520

  • 24e · All other expenses

    total $460 · management and general $460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $454,473 · end of year $575,838

  • 2 · Savings and temporary cash investments

    beginning of year $104,349 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,891 · end of year $5,689

  • 4 · Accounts receivable

    beginning of year $97 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $16,209 · end of year $10,188

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $255,493

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $136 · end of year $67

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $569,383 · end of year $842,141

  • 28 · Net assets with donor restrictions

    beginning of year $7,500 · end of year $5,000

Mission and programs · 2022

Mission

The mission of Powder River Energy Corporation Foundation, Inc. is to demonstrate our commitment to individuals and non-profit or charitable organizations in northeast Wyoming by lending a helping hand that will improve their quality of life or serve their community.

Activities or mission (Part I)

To accumulate and distribute funds for charitable purposes.

  • Awarded grants and scholarships to more than 100 separate entities. Funds will help improve the life or provide services to communities and directly assist more than 40,000 individuals and families in northeast Wyoming.

    Expenses $235,279 · Grants $235,279

As filed on the 2022 return.

Listed in Part VII

  • Jeffery Bumgarner

    Executive Director

    Total calculated
    $246,647
    From this org
    $0
    From related orgs
    $157,000
    Other
    $89,647
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,197 related
    Bonus
    $0 + $1,803 related
    Other
    $0
    Deferred
    $0 + $58,572 related
    Nontaxable benefits
    $0 + $31,074 related
    Filer's total
    $0 + $246,646 related

  • John Flocchini

    Chairman

    Total calculated
    $0
    Hours/week
    10

  • Susan Berry

    Vice Chairman

    Total calculated
    $0
    Hours/week
    4

  • Zeta Anderson

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Mary Yemington

    Director

    Total calculated
    $0
    Hours/week
    3

  • Mary Geier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michelle Edwards

    Director

    Total calculated
    $0
    Hours/week
    1

  • Phil Jordan

    Director

    Total calculated
    $0
    Hours/week
    2

  • John Riesland

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Joanie Kiser

    Director

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part II
Column C: Includes the change in actuarial value of the defined benefit plan of $49,539. Actual contribution to the plan was $30,800.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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
24 October 2023
IRS schema version
2022v5.0
Source object
202343129349302574

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