Skip to content
Nonprofiteer
← LOU-VON FAMILY FOUNDATION

Form 990 for tax year 2022

Filed by LOU-VON FAMILY FOUNDATION.

Totals

Total revenue
$346,287
Total expenses
$437,970
Contributions and grants received
$339,837
Grants paid
$415,282
Program service revenue
$0
Investment income
$0
Other revenue
$6,450
Total assets, end of year
$538,099
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$538,099
Program services expenses (Part IX)
$425,391
Management and general expenses
$12,579
Fundraising expenses
$0
Program service expenses (Part III)
$425,391

Program services were 97.1% 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

    $339,837

  • 6a · Gross rents

    real property $6,450

  • 6c · Rental income or loss

    real property $6,450

  • 6d · Net rental income or loss

    total $6,450 · related or exempt $6,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $415,282 · program services $415,282

  • 13 · Office expenses

    total $2,985 · management and general $2,985

  • 22 · Depreciation, depletion and amortization

    total $6,593 · program services $6,593

  • 23 · Insurance

    total $1,478 · management and general $1,478

  • 24a · Other expenses: TAXES

    total $3,516 · program services $3,516

  • 24b · Other expenses: OUTSIDE CONTRACTING

    total $3,144 · management and general $3,144

  • 24c · Other expenses: FACILITIES AND EQUIPMENT

    total $2,950 · management and general $2,950

  • 24d · Other expenses: UTILITIES

    total $2,022 · management and general $2,022

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $180,377 · end of year $91,559

  • 4 · Accounts receivable

    beginning of year $10,977 · end of year $10,977

  • 7 · Other notes and loans receivable

    beginning of year $30,037 · end of year $30,037

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

    $427,769

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

    $22,243

  • 10c · Land, buildings and equipment, net

    beginning of year $408,704 · end of year $405,526

  • 27 · Net assets without donor restrictions

    beginning of year $630,095 · end of year $538,099

Mission and programs · 2022

Mission

IS TO ENCOURAGE, SUPPORT AND CONDUCT PROGRAMS AND ACTIVITIES THAT OPEN OPPORTUNITIES AND CREATE PATHWAYS TO IMPROVED QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES THAT HAVE NOT BEEN ABLE TO FULLY BENEFIT FROM THE AMERICAN DREAM

  • BEAUTIFUL POSSIBILITIES SCHOLARSHIP INITIATIVE AT MORRIS COLLEGE IN SUMTER SCThe Beautiful Possibilities Scholarship Initiative at Morris College is a privately funded scholarship award program aimed at supporting underrepresented students who strive for a college education but dont have the financial means by which to attend. The number of students from minority backgrounds that have the desire and academic standing, has more than tripled in the state of South Carolina. These students are more times than not, the first person in their families that have performed at an academic level that should ensure their college attendance. However, lack of funds and little or no financial resources can act as a deterrent to students seeking to better themselves through higher education. By offering these students a full scholarship which underwrites their tuition, room and board, books and meals is a dream come true for students who, at one time, thought the only opti The Beautiful Possibilities Scholarship serves as a spring board for our countrys youth to better educate themselves as they explore the opportunities that they once felt was there for someone else. The program aims to educate students from diverse backgrounds whose family heritage arrived in this country through opportunities aimed at fresh starts, second chances and forced relocations. The scholarship is not meant to be a hand out or a bandage to an ongoing problem. It is an opportunity to unlock the door to hidden opportunities that generations before couldnt imagine for themselves buy prayed and worked for the day when future generations would be recognized for their intellect and drive.

    Expenses $356,725

  • The LouVon Family Foundation addresses the quality of life for the underprivileged members of the community as a whole with specific attention dedicated to our senior citizens. In addition to financial support provided to persons in need of medical attention , pharmacy needs, heating and air conditioning, clothing and assistance with housing needs, LouVon has partnered with local groups and organizations whose mission is same or similar but have more financial means than we have for projects that need additional financing. Additionally, we are strengthening our partnerships with the mental health community as well as other resources that can offer more concentrated support to include licensed practitioners in health fields. We are experiencing an increase in requests for support and assistance in areas such as depression, juvenile mental health, homelessness and care for mentally challenged youth. These request can range from office visits to daycare an

    Expenses $59,498

  • COATS FOR KIDS IS A PROGRAM GIVES BRAND NEW COATS TO CHILDREN IN THE SUMTER COMMUNITY AND THE OUTLYING COUNTIES.

    Expenses $9,168

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LC FREDRICK

    TREASURER

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • ANDERSON THOMAS

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • LEROY STAGGERS

    CURRICULUM ADVISOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ERIN J WILSONJAMES

    VICE BOARDPRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • JAMES V WILSON SR

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10 + 10 related

  • SHELIA J BRADSHAW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • RODNEY RICHBURG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2023
IRS schema version
2022v5.0
Source object
202331459349300508

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.