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← OLD SALT FISHING FOUNDATION INC

Form 990 for tax year 2022

Filed by OLD SALT FISHING FOUNDATION INC.

Totals

Total revenue
$1,138,290
Total expenses
$1,080,572
Contributions and grants received
$329,179
Grants paid
$66,946
Program service revenue
$809,110
Investment income
$1
Other revenue
$0
Total assets, end of year
$101,785
Total liabilities, end of year
$750
Net assets or fund balances, end of year
$101,035
Program services expenses (Part IX)
$1,017,913
Management and general expenses
$62,659
Fundraising expenses
$0
Program service expenses (Part III)
$1,017,913

Program services were 94.2% 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.

  • 1b · Membership dues

    $8,824

  • 1f · All other contributions, gifts and grants

    $320,355

  • 1g · Noncash contributions included above

    $106,907

  • 2a · Program service revenue: TOURNAMENT REGISTRATION

    total $472,113 · related or exempt $472,113

  • 2b · Program service revenue: APPAREL SALES

    total $71,110 · related or exempt $71,110

  • 2c · Program service revenue: RAFFLE INCOME

    total $54,689 · related or exempt $54,689

  • 2d · Program service revenue: BAR SALES

    total $55,590 · related or exempt $55,590

  • 2e · Program service revenue: BEER SALES

    total $46,206 · related or exempt $46,206

  • 2f · All other program service revenue

    total $109,402 · related or exempt $109,402

  • 3 · Investment income

    total $1 · related or exempt $1

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,956 · program services $11,956

  • 2 · Grants to domestic individuals

    total $54,990 · program services $54,990

  • 11b · Fees: legal

    total $120 · management and general $120

  • 11c · Fees: accounting

    total $320 · management and general $320

  • 12 · Advertising and promotion

    total $45,405 · program services $45,405

  • 16 · Occupancy

    total $11,750 · management and general $11,750

  • 19 · Conferences, conventions and meetings

    total $2,261 · management and general $2,261

  • 23 · Insurance

    total $48,208 · management and general $48,208

  • 24a · Other expenses: TOURNAMENT PAYOUTS

    total $384,447 · program services $384,447

  • 24b · Other expenses: NON-CASH USED TOURNAMENTS

    total $106,907 · program services $106,907

  • 24c · Other expenses: SPONSOR ACQUISITION FEES

    total $76,110 · program services $76,110

  • 24d · Other expenses: MEMBERSHIP EXPENSES

    total $9,766 · program services $9,766

  • 24e · All other expenses

    total $328,332 · program services $328,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,953 · end of year $70,494

  • 3 · Pledges and grants receivable

    beginning of year $25,075 · end of year $29,715

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

    $1,576

  • 10c · Land, buildings and equipment, net

    beginning of year $1,576 · end of year $1,576

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,287 · end of year $750

  • 31 · Retained earnings, endowment or other funds

    beginning of year $43,317 · end of year $101,035

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • THROUGH OUR FISHING TOURNAMENTS WE WERE ABLE TO SUPPORT VARIOUS LOCAL CHARITY ORGANIZATIONS. SEE SCHEDULE I, PART III.

    Expenses $1,017,913 · Grants $66,946

As filed on the 2022 return.

Listed in Part VII

  • Alan McLeod

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Amy Verdensky

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    30

  • Gray Burtchaell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Zac Sturm

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    20

  • Dennis Cline

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Amie McRanie

    SECRETARYMEMBERSHIP

    Total calculated
    $0
    Hours/week
    14

  • Thomas Verdensky

    PRESIDENT

    Total calculated
    $0
    Hours/week
    25

  • Dan Casey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    12

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
9 February 2024
IRS schema version
2022v5.0
Source object
202410459349300126

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