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Nonprofiteer
← RIA CHARITABLE INVESTMENTS INC

Form 990 for tax year 2022

Filed by RIA CHARITABLE INVESTMENTS INC.

Totals

Total revenue
$1,500,338
Total expenses
$2,251,387
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,500,338
Other revenue
$0
Total assets, end of year
$87,920,939
Total liabilities, end of year
$90,611,543
Net assets or fund balances, end of year
-$2,690,604
Program services expenses (Part IX)
$2,238,232
Management and general expenses
$13,155
Fundraising expenses
$0
Program service expenses (Part III)
$2,238,232

Program services were 99.4% 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.

  • 3 · Investment income

    total $1,500,338 · related or exempt $1,500,338

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0

  • 5 · Royalties

    total $0 · related or exempt $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $11,232 · management and general $11,232

  • 11f · Fees: investment management

    total $64,709 · program services $63,786 · management and general $923

  • 21 · Payments to affiliates

    total $2,174,446 · program services $2,174,446

  • 23 · Insurance

    total $1,000 · management and general $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439 · end of year $207

  • 2 · Savings and temporary cash investments

    beginning of year $1,455,169 · end of year $2,744,712

  • 4 · Accounts receivable

    beginning of year $328,774 · end of year $298,251

  • 11 · Investments: publicly traded securities

    beginning of year $86,003,299 · end of year $84,877,769

  • 25 · Other liabilities

    beginning of year $90,044,502 · end of year $90,611,543

  • 27 · Net assets without donor restrictions

    beginning of year -$2,256,821 · end of year -$2,690,604

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The purpose of this Corporation is to operate an investment pool for 501(c)(3) organizations, all of which engage in various aspects of Bible Translation and language development in minority languages.

Activities or mission (Part I)

Operate an investment pool for supported 501(c(3)) organizations.

  • The Corporation operates two portfolios for the benefit of the participating organizations. The first is a short-term portfolio that invests funds in investment grade corporate bonds, government bonds, mortgage backed bonds and similar investment instruments. After paying expenses, this portfolio pays a fixed interest rate monthly to each supported organization based on the amount each deposited in this portfolio. The interest rate is established by the board of directors. The second is a long-term portfolio that invests funds in stock and alternative investment mutual funds with an objective of maximizing total return from capital appreciation and dividend income. Gains, losses, and expenses of operating the portfolio are allocated to each organization's account based on the amounts invested in the portfolio.

    Expenses $2,238,232 · Revenue $1,500,338

As filed on the 2022 return.

Listed in Part VII

  • John Krehely

    President - Outgoing

    Total calculated
    $216,527
    From this org
    $0
    From related orgs
    $163,915
    Other
    $52,612
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,915 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $52,612 related
    Filer's total
    $0 + $216,527 related

  • Curt Henderson

    President - Incoming

    Total calculated
    $143,160
    From this org
    $0
    From related orgs
    $101,776
    Other
    $41,384
    Hours/week
    0.5 + 40 related

  • Dan Butler

    Director - Outgoing

    Total calculated
    $71,629
    From this org
    $0
    From related orgs
    $54,537
    Other
    $17,092
    Hours/week
    0.25 + 40 related

  • Donald Buhler

    Board Secretary/Treasurer

    Total calculated
    $36,921
    From this org
    $0
    From related orgs
    $36,921
    Other
    $0
    Hours/week
    0.5 + 40 related

  • Shane Underwood

    Board Chair - Incoming

    Total calculated
    $0
    Hours/week
    0.25

  • David MacLeod

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jim Owens

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Alan Wells

    Director - Incoming

    Total calculated
    $0
    Hours/week
    0.25

  • Richard Jackson

    Director

    Total calculated
    $0
    Hours/week
    0.25

  • Jonathan Godbey

    Board Chair - Outgoing

    Total calculated
    $0
    Hours/week
    0.25

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

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

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
26 October 2023
IRS schema version
2022v5.0
Source object
202303529349300900

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