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Nonprofiteer
← FSIC AMERICAN INNOVATION AND OPPORTUNITY FUND

Form 990 for tax year 2023

Filed by FSIC AMERICAN INNOVATION AND OPPORTUNITY FUND.

Totals

Total revenue
$229,695
Total expenses
$222,278
Contributions and grants received
$227,695
Grants paid
$0
Program service revenue
$2,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$87,870
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$87,870
Program services expenses (Part IX)
$217,261
Management and general expenses
$5,017
Fundraising expenses
$0
Program service expenses (Part III)
$217,261

Program services were 97.7% 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.

  • 1f · All other contributions, gifts and grants

    $227,695

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $2,000 · related or exempt $2,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $195,915 · program services $190,898 · management and general $5,017

  • 11c · Fees: accounting

    total $4,606 · program services $4,606

  • 11g · Fees: other

    total $3,035 · program services $3,035

  • 13 · Office expenses

    total $1,668 · program services $1,668

  • 14 · Information technology

    total $5,287 · program services $5,287

  • 16 · Occupancy

    total $145 · program services $145

  • 17 · Travel

    total $11,622 · program services $11,622

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $80,453 · end of year $87,870

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

    $4,698

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

    $4,698

  • 27 · Net assets without donor restrictions

    beginning of year $80,453 · end of year $87,870

Mission and programs · 2023

Mission

INSPIRING THE COUNTRY THROUGH ECONOMIC EMPOWERMENT WHERE ALL COMMUNITIES PARTICIPATE IN THE MODERN ECONOMY CREATING A BETTER QUALITY OF LIFE FOR ALL AMERICANS.

  • INSPIRING THE COUNTRY THROUGH ECONOMIC EMPOWERMENT WHERE ALL COMMUNITIES PARTICIPATE IN THE MODERN ECONOMY CREATING A BETTER QUALITY OF LIFE FOR ALL AMERICANS.

    Expenses $217,261

  • INSPIRING THE COUNTRY THROUGH ECONOMIC EMPOWERMENT WHERE ALL COMMUNITIES PARTICIPATE IN THE MODERN ECONOMY CREATING A BETTER QUALITY OF LIFE FOR ALL AMERICANS.

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

Listed in Part VII

  • Steve Lenkart

    MEMBER

    Total calculated
    $0

  • Brady Buckner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Kevin Kimble

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    4

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 September 2024
IRS schema version
2023v5.0
Source object
202432609349301138

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