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Nonprofiteer
← 42STRONG

Form 990 for tax year 2023

Filed by 42STRONG.

Totals

Total revenue
$258,002
Total expenses
$193,744
Contributions and grants received
$150,545
Grants paid
$1,000
Program service revenue
$0
Investment income
$3,957
Other revenue
$103,500
Total assets, end of year
$391,554
Total liabilities, end of year
$11,051
Net assets or fund balances, end of year
$380,503
Program services expenses (Part IX)
$154,042
Management and general expenses
$23,954
Fundraising expenses
$15,748
Program service expenses (Part III)
$154,042

Program services were 79.5% 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

    $150,545

  • 3 · Investment income

    total $3,957 · excluded $3,957

  • 8a · Fundraising events: gross income

    $145,469

  • 8b · Fundraising events: direct expenses

    $43,490

  • 8c · Net income from fundraising events

    total $101,979 · excluded $101,979

  • 10a · Gross sales of inventory

    $9,982

  • 10b · Cost of goods sold

    $8,512

  • 10c · Net income from sales of inventory

    total $1,470 · related or exempt $1,470

  • 11a · Other revenue: MISC. REVENUE

    total $51 · excluded $51

  • 11e · Other revenue, total

    $51

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000 · program services $1,000

  • 11a · Fees: management

    total $39,288 · program services $28,854 · management and general $9,187 · fundraising $1,247

  • 11g · Fees: other

    total $40,980 · program services $31,710 · management and general $9,270

  • 12 · Advertising and promotion

    total $18,185 · program services $7,424 · management and general $166 · fundraising $10,595

  • 13 · Office expenses

    total $2,444 · program services $641 · management and general $293 · fundraising $1,510

  • 16 · Occupancy

    total $465 · program services $465

  • 19 · Conferences, conventions and meetings

    total $14,352 · program services $12,577 · management and general $1,775

  • 22 · Depreciation, depletion and amortization

    total $5,221 · program services $5,221

  • 23 · Insurance

    total $1,488 · program services $231 · management and general $1,064 · fundraising $193

  • 24a · Other expenses: PROG ACTIVITIES & MTRLS

    total $62,828 · program services $62,828

  • 24b · Other expenses: EQUIP LEASE & MAINT

    total $7,493 · program services $3,091 · management and general $2,199 · fundraising $2,203

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $230,558 · end of year $169,664

  • 2 · Savings and temporary cash investments

    beginning of year $70,624 · end of year $181,810

  • 8 · Inventories for sale or use

    beginning of year $7,439 · end of year $4,834

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,526 · end of year $23,488

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

    $8,420

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

    $4,701

  • 10c · Land, buildings and equipment, net

    beginning of year $6,069 · end of year $3,719

  • 14 · Intangible assets

    beginning of year $8,608 · end of year $8,039

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,579 · end of year $11,051

  • 27 · Net assets without donor restrictions

    beginning of year $316,245 · end of year $380,503

Mission and programs · 2023

Mission

TO CREATE A BETTER FUTURE BY HELPING STUDENTS DEVELOP A GREATER SENSE OF PURPOSE, COMMUNITY AND RESILIENCE.

Activities or mission (Part I)

TO HELP STUDENTS DEVELOP A GREATER SENSE OF PURPOSE, COMMUNITY & RESILIENCE.

  • PROVIDED AN UNMATCHED PEER-TO-PEER MENTORING PROGRAM BASED ON THE CONSISTENCY, CARING AND HUMBLE CONFIDENCE TATE MYRE DISPLAYED DURING HIS LIFE.

    Expenses $154,042 · Grants $1,000 · Revenue $1,470

As filed on the 2023 return.

Listed in Part VII

  • William Buck Myre

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jenna Elling

    FORMER SECRETARY

    Total calculated
    $0
    Hours/week
    25

  • Scott Claxton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    30

  • Trent Myre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Zachary Line

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ty Myre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel McCormick

    TREASURER

    Total calculated
    $0
    Hours/week
    30

  • Irina Bayer

    ACCOUNTANT

    Total calculated
    $0
    Hours/week
    15

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.

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
42STRONG PAID $35,083 TO TREELINE ASSOCIATES, INC. FOR MANAGEMENT SERVICES. TREELINE ASSOCIATES, INC. COMPENSATES IRINA BAYER. TOTAL COMPENSATION PAID TO IRINA BAYER BY TREELINE ASSOCIATES, INC. IS NOT DETERMINED.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413179349308416

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

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