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← COPPERHEAD CHARITIES INC

Form 990 for tax year 2023

Filed by COPPERHEAD CHARITIES INC.

Totals

Total revenue
$17,843,482
Total expenses
$17,524,881
Contributions and grants received
$5,995,014
Grants paid
$1,368,238
Program services expenses (Part IX)
$4,333,349
Management and general expenses
$623,406
Fundraising expenses
$12,568,126
Program service expenses (Part III)
$4,333,349

Program services were 24.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RONDE BARBER

    CO-GENERAL CHAIR

    Total calculated
    $0
    Hours/week
    3

  • JOHN ASTRAB

    CO-GENERAL CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • JIM EISCH

    IMMEDIATE PAST CHAIR & FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KEITH ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON WAX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL BLAYLOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOLLIS CAVNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN COURIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN DOYLE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK FITZPATRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCUS GREENE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOWARD HECKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PENNY PARKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE MCNALLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALYSSA RHOADS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAM ROSATI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS SULLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY WEST

    TOURNAMENT DIRECTOR

    Total calculated
    $344,457
    From this org
    $344,457
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,457
    Bonus
    $81,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $344,457

  • MICHAEL HARRISON

    ASSISTANT TOURNAMENT DIRECTOR

    Total calculated
    $131,052
    From this org
    $131,052
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • AUSTIN MICHAEL KERN

    SENIOR DIRECTOR OF CORPORATE PARTNERSHIPS

    Total calculated
    $273,651
    From this org
    $273,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,651
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $273,651

  • ZACHARY LABBE

    DIRECTOR OF OPERATIONS

    Total calculated
    $114,671
    From this org
    $114,671
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 — 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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 4B
THE ORGANIZATION ENTERED INTO A RABBI TRUST AGREEMENT IN AUGUST 2018 WITH AN INDIVIDUAL FROM MANAGEMENT IN ORDER TO RETAIN THE EMPLOYEE THROUGH THE 2022 VALSPAR CHAMPIONSHIP. THE AGREEMENT ACTS SIMILAR TO A DEFERRED COMPENSATION PLAN AND REQUIRED AN INITIAL DEPOSIT OF $100,000. THE INITIAL DEPOSIT WAS DEPOSITED INTO THE TRUST ACCOUNT ON AUGUST 8, 2018. THE AGREEMENT ALSO REQUIRES ADDITIONAL ANNUAL PAYMENTS NOT TO EXCEED $100,000 EACH SUBSEQUENT YEAR FOR THE 2019 THROUGH 2022 VALSPAR CHAMPIONSHIP. ANNUAL PAYMENT AMOUNTS ARE AT THE DISCRETION OF THE ORGANIZATION'S BOARD OF DIRECTORS. IN JULY 2023, THE ORGANIZATION ENTERED INTO AN EXECUTIVE SUPPLEMENT RETIREMENT AGREEMENT WITH ITS TOURNAMENT DIRECTOR, WHEREBY THE ORGANIZATION AGREES TO (A) PAY $100,000 FOR THE 2023 VALSPAR CHAMPIONSHIP AND (B) PAY AN AMOUNT NOT TO EXCEED $100,000 EACH SUBSEQUENT YEAR FROM 2024 THROUGH 2025 IN WHICH THE TOURNAMENT DIRECTOR PERFORMS SERVICES IN ITS ROLE FOR EACH RESPECTIVE TOURNAMENT YEAR, SUBJECT TO CERTAIN CONDITIONS.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202510159349301226

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

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