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Nonprofiteer
← COMMUNITY IMPROVEMENT CORPORATION OF JACKSON COUNTY

Form 990 for tax year 2022

Filed by COMMUNITY IMPROVEMENT CORPORATION OF JACKSON COUNTY.

Totals

Total revenue
$936,753
Total expenses
$85,938
Contributions and grants received
$0
Grants paid
$65,000
Program service revenue
$1,864
Investment income
$934,889
Other revenue
$0
Total assets, end of year
$1,098,641
Total liabilities, end of year
$753
Net assets or fund balances, end of year
$1,097,888
Program services expenses (Part IX)
$85,910
Management and general expenses
$28
Fundraising expenses
$0
Program service expenses (Part III)
$85,910

Program services were 100.0% 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.

  • 2a · Program service revenue: Business Property Rent

    total $1,864 · related or exempt $1,864

  • 7a · Gross sales of assets other than inventory

    other assets $977,000

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

    other assets $42,111

  • 7c · Gain or loss

    other assets $934,889

  • 7d · Net gain or loss

    total $934,889 · related or exempt $934,889

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $65,000 · program services $65,000

  • 23 · Insurance

    total $650 · program services $650

  • 24a · Other expenses: Real Estate Tax

    total $18,258 · program services $18,258

  • 24b · Other expenses: Contract Expenses

    total $2,002 · program services $2,002

  • 24e · All other expenses

    total $28 · management and general $28

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $237,547 · end of year $1,095,194

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

    $3,447

  • 10c · Land, buildings and equipment, net

    beginning of year $20,279 · end of year $3,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $753 · end of year $753

  • 25 · Other liabilities

    beginning of year $10,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $247,073 · end of year $1,097,888

Mission and programs · 2022

Mission

Purpose is to improve community by helping to create jobs. Ownership and rental of business property assists employers who otherwise would not be employers.

  • Rental of Business Property.

    Expenses $85,910 · Grants $65,000 · Revenue $936,753

As filed on the 2022 return.

Listed in Part VII

  • John T Evans

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Daniel O Morrow

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Harold A Howe

    President & Treasurer

    Total calculated
    $0
    Hours/week
    1.15

  • Barry L Smith

    Secretary

    Total calculated
    $0
    Hours/week
    0.2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 July 2023
IRS schema version
2022v5.0
Source object
202342069349300944

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