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Nonprofiteer
← BUSHNELL FOUNDATION

Form 990 for tax year 2024

Filed by BUSHNELL FOUNDATION.

Totals

Total revenue
$186
Total expenses
$9,574
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$186
Other revenue
$0
Total assets, end of year
$24,722
Total liabilities, end of year
$35,487
Net assets or fund balances, end of year
-$10,765
Program services expenses (Part IX)
$0
Management and general expenses
$9,574
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 3 · Investment income

    total $186 · excluded $186

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,435 · management and general $8,435

  • 13 · Office expenses

    total $14 · management and general $14

  • 14 · Information technology

    total $655 · management and general $655

  • 24a · Other expenses: LICENSES & FEES

    total $470 · management and general $470

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,246

  • 2 · Savings and temporary cash investments

    end of year $24,722

  • 25 · Other liabilities

    beginning of year $0 · end of year $35,487

  • 27 · Net assets without donor restrictions

    beginning of year $25,246 · end of year -$10,765

Mission and programs · 2024

Mission

THE PURPOSE AND MISSION OF THE ORGANIZATION IS TO SUPPORT AND ASSIST BUSHNELL UNIVERSITY.

Activities or mission (Part I)

TO SUPPORT AND ASSIST BUSHNELL UNIVERSITY.

  • THE BUSHNELL FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF BUSHNELL UNIVERSITY, A TAX EXEMPT ORGANIZATION, UNDER THE ARTICLES OF INCORPORATION.

As filed on the 2024 return.

Listed in Part VII

  • Gene De Young

    PRESIDENT

    Total calculated
    $171,604
    From this org
    $0
    From related orgs
    $162,618
    Other
    $8,986
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,618 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,266 related
    Nontaxable benefits
    $0 + $720 related
    Filer's total
    $0 + $171,604 related

  • Idong Ekwere

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Rick Hutchins

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Roger Terrall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 1 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. 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
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202543129349300424

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