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Nonprofiteer
← SAMUELSON FOUNDATION

Form 990 for tax year 2022

Filed by SAMUELSON FOUNDATION.

Totals

Total revenue
$22,086
Total expenses
$164,194
Contributions and grants received
$0
Grants paid
$55,000
Program service revenue
$0
Investment income
$22,086
Other revenue
$0
Total assets, end of year
$4,346,024
Total liabilities, end of year
$1,575,689
Net assets or fund balances, end of year
$2,770,335
Program services expenses (Part IX)
$55,000
Management and general expenses
$109,194
Fundraising expenses
$0
Program service expenses (Part III)
$55,000

Program services were 33.5% 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.

  • 3 · Investment income

    total $22,086 · excluded $22,086

  • 7a · Gross sales of assets other than inventory

    securities $2,200,000

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

    securities $2,200,000

  • 7c · Gain or loss

    securities $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,000 · program services $55,000

  • 11b · Fees: legal

    total $487 · management and general $487

  • 11c · Fees: accounting

    total $2,323 · management and general $2,323

  • 20 · Interest

    total $106,359 · management and general $106,359

  • 24a · Other expenses: REGISTRY OF CHARITABLE

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,500,770 · end of year $2,355,662

  • 12 · Investments: other securities

    beginning of year $1,987,362 · end of year $1,987,362

  • 15 · Other assets

    beginning of year $0 · end of year $3,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,575,689 · end of year $1,575,689

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,912,443 · end of year $2,770,335

Mission and programs · 2022

Mission

TO PEFORM ACTS OF KINDNESS AND LOVE TO THOSE IN NEED BY PROVIDING FOOD, HABITAT, HEALTH AND EDUCATION IN AN ENVIRONMENT OF SOCIAL & ECONOMIC FREEDOM.

Activities or mission (Part I)

TO PERFORM ACTS OF KINDNESS AND LOVE TO THOSE IN NEED BY PROVIDING FOOD, HABITAT, HEALTH AND EDUCATION IN AN ENVIRONMENT OF SOCIAL & ECONOMIC FREEDOM.

  • LA CANADA PRESBYTERIAN CHURCH IS A 501(C)(3) ORGANIZATION WHICH TEACHES PEOPLE TO FOLLOW JESUS CHRIST AND BECOME INVOLVED IN THE CHRISTIAN COMMUNITY. CASH WAS DONATED TO ASSIST THE CHURCH WITH THEIR MISSION.

    Expenses $15,000 · Grants $15,000

  • YMCA OF THE FOOTHILLS IS A 501(C)(3) ORGANIZATION. THEIR MISSION IS TO ORGANIZE, DEVELOP, FINANCE, AND CONDUCT PROGRAMS FOR AN ASSOCIATION OF PERSONS OF ALL AGES THAT WILL, BY PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE, ENRICH THE QUALITY OF THEIR LIVES SPIRITUALLY, MENTALLY, PHYSICALLY AND SOCIALLY. CASH WAS DONATED TO ASSIST THE YMCA WITH THEIR MISSION.

    Expenses $20,000 · Grants $20,000

  • CALIFORNIA LUTHERAN UNIVERSITY IS A 501(C)(3) ORGANIZATION. THEIR MISSION IS TO EDUCATE LEADERS FOR A GLOBAL SOCIETY WHO ARE STRONG IN CHARACTER AND JUDGMENT, CONFIDENT IN THEIR IDENTITY AND VOCATION, AND COMMITTED TO SERVICE AND JUSTICE. CASH WAS DONATED TO ASSIST THE UNIVERSITY WITH THEIR MISSION.

    Expenses $20,000 · Grants $20,000

As filed on the 2022 return.

Listed in Part VII

  • REID G SAMUELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • FRED SCHNEIDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • H JAMES SCHAFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

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

  • YMCA OF THE FOOTHILLS

    $20,000

    YMCA OF THE FOOTHILLS IS A 501(C)(3) ORGANIZATION. THEIR MISSION IS TO ORGANIZE, DEVELOP, FINANCE, AND CONDUCT PROGRAMS FOR AN ASSOCIATION OF PERSONS OF ALL AGES THAT WILL, BY PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE, ENRICH THE QUALITY OF THEIR LIVES SPIRITUALLY, MENTALLY, PHYSICALLY AND SOCIALLY. CASH WAS DONATED TO ASSIST THE YMCA WITH THEIR MISSION.

  • CALIFORNIA LUTHERAN UNIVERSITY

    $20,000

    CALIFORNIA LUTHERAN UNIVERSITY IS A 501(C)(3) ORGANIZATION. THEIR MISSION IS TO EDUCATE LEADERS FOR A GLOBAL SOCIETY WHO ARE STRONG IN CHARACTER AND JUDGMENT, CONFIDENT IN THEIR IDENTITY AND VOCATION, AND COMMITTED TO SERVICE AND JUSTICE. CASH WAS DONATED TO ASSIST THE UNIVERSITY WITH THEIR MISSION.

  • LA CANADA PRESBYTERIAN CHURCH

    $15,000

    LA CANADA PRESBYTERIAN CHURCH IS A 501(C)(3) ORGANIZATION WHICH TEACHES PEOPLE TO FOLLOW JESUS CHRIST AND BECOME INVOLVED IN THE CHRISTIAN COMMUNITY. CASH WAS DONATED TO ASSIST THE CHURCH WITH THEIR MISSION.

Provenance

Return type
form_990
Tax year
2022
Filed
31 August 2023
IRS schema version
2022v5.0
Source object
202322439349301117

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