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Nonprofiteer
← FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES

Form 990 for tax year 2022

Filed by FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES.

Totals

Total revenue
$7,109,411
Total expenses
$3,438,770
Contributions and grants received
$27,890
Grants paid
$2,517,910
Program service revenue
$0
Investment income
$829,141
Other revenue
$6,252,380
Total assets, end of year
$29,266,311
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$29,266,311
Program services expenses (Part IX)
$2,517,910
Management and general expenses
$920,860
Fundraising expenses
$0
Program service expenses (Part III)
$2,517,910

Program services were 73.2% 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.

  • 1d · Related organizations

    $27,890

  • 3 · Investment income

    total $762,959 · excluded $762,959

  • 5 · Royalties

    total $6,252,380 · excluded $6,252,380

  • 7a · Gross sales of assets other than inventory

    securities $8,246,550

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

    securities $8,180,368

  • 7c · Gain or loss

    securities $66,182

  • 7d · Net gain or loss

    total $66,182 · excluded $66,182

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,517,910 · program services $2,517,910

  • 11f · Fees: investment management

    total $348,160 · management and general $348,160

  • 24a · Other expenses: SEVERANCE TAXES

    total $456,293 · management and general $456,293

  • 24b · Other expenses: BANK CHARGES

    total $116,407 · management and general $116,407

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,106,910 · end of year $789,395

  • 12 · Investments: other securities

    beginning of year $22,225,085 · end of year $28,130,026

  • 15 · Other assets

    beginning of year $319,000 · end of year $346,890

  • 27 · Net assets without donor restrictions

    beginning of year $22,428,646 · end of year $27,983,845

  • 28 · Net assets with donor restrictions

    beginning of year $1,222,349 · end of year $1,282,466

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED TO HOLD, MANAGE, SOLICIT, RECEIVE, ADMINISTER AND INVEST ASSETS FOR THE EXCLUSIVE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES.

  • SUPPORT OF THE CENTER FOR TRANSFORMING LIVES - IN ACCORDANCE WITH ITS MISSION TO HOLD, MANAGE AND INVEST ASSETS FOR THE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES, THE FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES PROVIDED CONTRIBUTIONS TO THE CENTER FOR TRANSFORMING LIVES, WHICH USED THAT FUNDING IN ITS MISSION TO TRANSFORM THE LIVES OF WOMEN AND CHILDREN IN POVERTY. PROGRAMS INCLUDE HOUSING SERVICES, EARLY CHILDHOOD EDUCATION, ECONOMIC MOBILITY SERVICES, AND CLINICAL COUNSELING.

    Expenses $2,517,910 · Grants $2,517,910

As filed on the 2022 return.

Listed in Part VII

  • Kyle Borrello

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George Grau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandi Iacabucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Krebs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Lydick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maxwell Lea

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Megan Terell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Carol Klocek

    CEO

    Total calculated
    $298,090
    From this org
    $0
    From related orgs
    $283,807
    Other
    $14,283
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,807 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $13,885 related
    Nontaxable benefits
    $0 + $398 related
    Filer's total
    $0 + $298,090 related

  • Jason Richardson

    CFO

    Total calculated
    $171,907
    From this org
    $0
    From related orgs
    $151,855
    Other
    $20,052
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,855 related
    Bonus
    $0 + $8,000 related
    Other
    $0
    Deferred
    $0 + $9,189 related
    Nontaxable benefits
    $0 + $10,863 related
    Filer's total
    $0 + $171,907 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. 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

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

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

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
2022
Filed
1 July 2024
IRS schema version
2022v5.0
Source object
202421849349300842

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