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Nonprofiteer
← REAL SERVICES FOUNDATION INC

Form 990 for tax year 2022

Filed by REAL SERVICES FOUNDATION INC.

Totals

Total revenue
$47,523
Total expenses
$73,573
Contributions and grants received
$14,376
Grants paid
$70,237
Program service revenue
$0
Investment income
$33,147
Other revenue
$0
Total assets, end of year
$1,798,939
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,798,939
Program services expenses (Part IX)
$70,237
Management and general expenses
$3,336
Fundraising expenses
$0
Program service expenses (Part III)
$70,237

Program services were 95.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KARLA ANN FALES

    PRESIDENT/CE

    Total calculated
    $161,152
    From this org
    $0
    From related orgs
    $124,367
    Other
    $36,785
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    not reported + $124,367 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $36,785 related
    Filer's total
    not reported + $161,152 related

  • KEVIN BOUMA

    DIR. ADMIN &

    Total calculated
    $32,000
    From this org
    $0
    From related orgs
    $25,000
    Other
    $7,000
    Hours/week
    0.5 + 37 related

  • PETER MULLEN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • JOHN ABERNETHY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MARY JANE STANLEY

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE COMPENSATION OF THE PRESIDENT/CEO IS ESTABLISHED BY THE INDEPENDENT FINANCE COMMITTEE OF REAL SERVICES, INC., A RELATED ORGANIZATION, AFTER REVIEW OF COMPARABLE FORM 990'S AND IS APPROVED BY THE INDEPENDENT BOARD OF DIRECTORS OF REAL SERVICES, INC.

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
27 March 2024
IRS schema version
2022v5.0
Source object
202400879349300030

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