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Nonprofiteer
← HEADWATERS FOUNDATION INC

Form 990 for tax year 2024

Filed by HEADWATERS FOUNDATION INC.

Totals

Total revenue
$116,923
Total expenses
$5,254
Contributions and grants received
$17,895
Grants paid
$2,500
Program service revenue
$0
Investment income
$97,593
Other revenue
$1,435
Total assets, end of year
$1,022,969
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,022,969
Program services expenses (Part IX)
$5,141
Management and general expenses
$113
Fundraising expenses
$0
Program service expenses (Part III)
$5,141

Program services were 97.8% 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

    $17,895

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $20,983 · related or exempt $20,983 · unrelated business $0 · excluded $0

  • 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $327,836 · other assets $0

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

    securities $251,226 · other assets $0

  • 7c · Gain or loss

    securities $76,610 · other assets $0

  • 7d · Net gain or loss

    total $76,610 · related or exempt $76,610 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $4,920

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

    $17,895

  • 8b · Fundraising events: direct expenses

    $3,485

  • 8c · Net income from fundraising events

    total $1,435 · unrelated business $0 · excluded $1,435

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 11f · Fees: investment management

    total $2,641 · program services $2,641

  • 19 · Conferences, conventions and meetings

    total $113 · management and general $113

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,379 · end of year $26,053

  • 2 · Savings and temporary cash investments

    beginning of year $572,709

  • 11 · Investments: publicly traded securities

    beginning of year $227,315 · end of year $920,174

  • 15 · Other assets

    beginning of year $119,163 · end of year $76,742

  • 27 · Net assets without donor restrictions

    beginning of year $948,566 · end of year $1,022,969

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Our sole mission is to be operated exclusively for charitable, scientific, literacy and education purposes. Catholic Charities Bureau Affiliates are organized to maintain, operate and conduct; directly or indirectly; as well as to assist and coordinate activities and Social Services in accordance with the charitable Works and traditions of the Roman Catholic Church. Works are carried out in accordance with Catholic Social teachings.

Activities or mission (Part I)

Primarily to provide financial support to benefit programs of Headwaters, Inc.

  • Provide funding to Headwaters, Inc., a non-profit organization serving people with intellectual and developmental disabilities.

    Expenses $5,141 · Grants $2,500 · Revenue $20,983

As filed on the 2024 return.

Listed in Part VII

  • Steve Agnoli

    President

    Total calculated
    $0
    Hours/week
    1

  • Michael Carlson

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Barbara Newman

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Opsal

    Board Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Maureen Parkes

    Board Director

    Total calculated
    $0
    Hours/week
    1 + 49 related

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
2024
Filed
9 April 2025
IRS schema version
2024v5.0
Source object
202530999349300923

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