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← GLADNEY FUND

Form 990 for tax year 2023

Filed by GLADNEY FUND.

Totals

Total revenue
$45,602
Total expenses
$611,501
Contributions and grants received
$0
Grants paid
$500,000
Program service revenue
$0
Investment income
$45,602
Other revenue
$0
Total assets, end of year
$34,181,091
Total liabilities, end of year
$198,330
Net assets or fund balances, end of year
$33,982,761
Program services expenses (Part IX)
$611,501
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$611,501

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.

  • 3 · Investment income

    total $47,769 · related or exempt $47,769

  • 7a · Gross sales of assets other than inventory

    securities $767,076

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

    securities $769,243

  • 7c · Gain or loss

    securities -$2,167

  • 7d · Net gain or loss

    total -$2,167 · excluded -$2,167

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 5 · Compensation of officers, directors and key employees

    total $346 · program services $346

  • 11b · Fees: legal

    total $3,070 · program services $3,070

  • 11c · Fees: accounting

    total $30,000 · program services $30,000

  • 11f · Fees: investment management

    total $64,691 · program services $64,691

  • 12 · Advertising and promotion

    total $1,152 · program services $1,152

  • 23 · Insurance

    total $11,950 · program services $11,950

  • 24a · Other expenses: BANK FEES

    total $292 · program services $292

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $262,927 · end of year $285,511

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,200 · end of year $4,200

  • 11 · Investments: publicly traded securities

    beginning of year $29,569,570 · end of year $33,391,583

  • 12 · Investments: other securities

    beginning of year $460,585 · end of year $499,797

  • 20 · Tax-exempt bond liabilities

    beginning of year $22,174 · end of year $23,326

  • 25 · Other liabilities

    beginning of year $109,975 · end of year $175,004

  • 27 · Net assets without donor restrictions

    beginning of year $12,101,150 · end of year $15,918,778

  • 28 · Net assets with donor restrictions

    beginning of year $18,063,983 · end of year $18,063,983

Mission and programs · 2023

Mission

FINANCIAL SUPPORT FOR THE GLADNEY CENTER FOR ADOPTION

Activities or mission (Part I)

THE GLADNEY FUND EXISTS TO HELP FUND BRIGHT FUTURES THROUGH ADOPTION. THE VOLUNTEER BOARD PROVIDES FINANCIAL AND ENDOWMENT MANAGEMENT SUPPORT SERVICES FOR THE GLADNEY CENTER FOR ADOPTION.

  • THE GLADNEY FUND EXISTS TO PROVIDE CONTINUOUS SUPPORT TO THE GLADNEY CENTER. DURING THE YEAR, ITS FINANCIAL SUPPORT ASSISTED THE CENTER IN PLACING 112 CHILDREN WITH ADOPTIVE PARENTS. THE EFFORTS OF THE VOLUNTEER BOARD CONSIST OF INVESTMENT MANAGEMENT OF THE ORGANIZATION'S ENDOWMENT AND FINANCIAL COORDINATION OF THE ANNUAL FUNDS PROVIDED TO THE CENTER FOR OPERATING SUPPORT.

    Expenses $611,501 · Grants $500,000 · Revenue $47,769

As filed on the 2023 return.

Listed in Part VII

  • DAN CONNALLY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ANDREW ALEXANDER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KEVIN MCCARTHY

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • RACHEL FIRSCHEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN COCHRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN MARESCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • COLLIN MCBURNETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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

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
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202541969349300324

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