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← FORTE FOR CHILDREN

Form 990 for tax year 2022

Filed by FORTE FOR CHILDREN.

Totals

Total revenue
$29,465
Total expenses
$400,226
Contributions and grants received
$1,794
Grants paid
$360,000
Program service revenue
$0
Investment income
$27,671
Other revenue
$0
Total assets, end of year
$1,114,872
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,114,872
Program services expenses (Part IX)
$360,000
Management and general expenses
$40,226
Fundraising expenses
$0
Program service expenses (Part III)
$360,000

Program services were 89.9% 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

    $1,794

  • 3 · Investment income

    total $19,371 · excluded $19,371

  • 7a · Gross sales of assets other than inventory

    securities $459,469

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

    securities $451,169

  • 7c · Gain or loss

    securities $8,300

  • 7d · Net gain or loss

    total $8,300 · excluded $8,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $360,000 · program services $360,000

  • 5 · Compensation of officers, directors and key employees

    total $32,115 · management and general $32,115

  • 10 · Payroll taxes

    total $372 · management and general $372

  • 11c · Fees: accounting

    total $4,700 · management and general $4,700

  • 13 · Office expenses

    total $1,178 · management and general $1,178

  • 24a · Other expenses: TELEPHONE

    total $738 · management and general $738

  • 24b · Other expenses: BANK FEES

    total $549 · management and general $549

  • 24c · Other expenses: WEBSITE

    total $292 · management and general $292

  • 24d · Other expenses: POSTAGE AND SHIPPING

    total $146 · management and general $146

  • 24e · All other expenses

    total $136 · management and general $136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,895 · end of year $13,319

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

    $1,769

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

    $1,769

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,786,623 · end of year $1,101,553

  • 25 · Other liabilities

    beginning of year $1,152 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,828,366 · end of year $1,114,872

Mission and programs · 2022

Mission

TO IMPROVE THE QUALITY OF LIFE FOR DISADVANTAGED CHILDREN IN SOUTHERN CALIFORNIA AND THE COMMUNITIES IN WHICH WE DO BUSINESS.

Activities or mission (Part I)

TO IMPROVE THE QUALITY OF LIFE FOR DISADVANTAGED CHILDREN IN THE COMMUNITIES [CONT. ON SCH O] TO IMPROVE THE QUALITY OF LIFE FOR DISADVANTAGED CHILDREN IN THE COMMUNITIES IN WHICH WE DO BUSINESS.

  • SUPPORTED LOCAL ORGANIZATIONS SUCH AS THE BOYS AND GIRLS CLUB, CASA DE AMPARO, AND MOONLIGHT CULTURAL FOUNDATION, WHOSE WORK IS CONSISTENT WITH OUR MISSION STATEMENT.

    Expenses $360,000 · Grants $360,000

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Fox

    EXECUTIVE DIRECTOR

    Total calculated
    $32,115
    From this org
    $32,115
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • James E Minarik

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Bob Struble

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Joseph Tristani

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Crystal Biggs

    SECRETARY

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202343139349302604

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