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Nonprofiteer
← FAMILIES FIRST INC

Form 990 for tax year 2022

Filed by FAMILIES FIRST INC.

Totals

Total revenue
$151,855
Total expenses
$378,910
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$151,855
Other revenue
$0
Total assets, end of year
$7,011,481
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,011,481
Program services expenses (Part IX)
$378,910
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$378,910

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 $151,855 · excluded $151,855

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $20,171 · program services $20,171

  • 21 · Payments to affiliates

    total $358,739 · program services $358,739

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194,878 · end of year $220,238

  • 11 · Investments: publicly traded securities

    beginning of year $6,521,719 · end of year $6,791,243

  • 27 · Net assets without donor restrictions

    beginning of year $6,716,597 · end of year $7,011,481

Mission and programs · 2022

Mission

FAMILIES FIRST ENDOWMENT TRUST IS A SUPPORTING ORGANIZATION TO FAMILIES FIRST, INC. THE TRUST WAS CREATED TO ACQUIRE, HOLD, AND ADMINISTER DESIGNATED FUNDS ON BEHALF OF FAMILIES FIRST, INC. THE INCOME FROM THE TRUST'S INVESTMENTS ARE TO BE USED TO SUPPORT THE SERVICES AND PROGRAMS OF FAMILIES FIRST, INC.

  • SUPPORT THE MISSION OF FAMILIES FIRST, INC. BY FUNDING FAMILY AND CHILDREN SERVICES.

    Expenses $378,910

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas Aldridge

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Peggy Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Curry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Blake Winters

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Yates

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Don Demba

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Courtney Showell Sr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joe Faxio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Paula Moody

    CEO

    Total calculated
    $183,983
    From this org
    $0
    From related orgs
    $165,288
    Other
    $18,695
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,288 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $6,669 related
    Nontaxable benefits
    $0 + $12,026 related
    Filer's total
    $0 + $183,983 related

  • Schwanna C Lakine

    CFO

    Total calculated
    $176,230
    From this org
    $0
    From related orgs
    $162,133
    Other
    $14,097
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,133 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $6,580 related
    Nontaxable benefits
    $0 + $7,517 related
    Filer's total
    $0 + $176,230 related

  • Elizabeth Plott

    CHIEF DEV. OFFICER

    Total calculated
    $48,839
    From this org
    $0
    From related orgs
    $44,092
    Other
    $4,747
    Hours/week
    1 + 55 related

  • Julio Carrillo

    CHIEF OF OPERATIONS

    Total calculated
    $105,899
    From this org
    $0
    From related orgs
    $96,960
    Other
    $8,939
    Hours/week
    1 + 55 related

  • Depriest Waddy

    CEO

    Total calculated
    $101,121
    From this org
    $0
    From related orgs
    $92,774
    Other
    $8,347
    Hours/week
    1 + 55 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

No itemized grants to organizations 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
2 April 2024
IRS schema version
2022v5.0
Source object
202400959349300335

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