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Nonprofiteer
← JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION

Form 990 for tax year 2023

Filed by JANE AND ARTHUR FLIPPO ENDOWMENT FOUNDATION.

Totals

Total revenue
$220,988
Total expenses
$115,016
Contributions and grants received
$0
Grants paid
$92,257
Program service revenue
$0
Investment income
$20,278
Other revenue
$200,710
Total assets, end of year
$13,373,527
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,373,527
Program services expenses (Part IX)
$92,257
Management and general expenses
$22,759
Fundraising expenses
$0
Program service expenses (Part III)
$92,257

Program services were 80.2% 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.

  • 3 · Investment income

    total $20,278 · excluded $20,278

  • 11a · Other revenue: INCOME FROM INVESTMENT

    total $200,710 · unrelated business $200,710

  • 11e · Other revenue, total

    $200,710

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $92,257 · program services $92,257

  • 11b · Fees: legal

    total $205 · management and general $205

  • 11c · Fees: accounting

    total $10,804 · management and general $10,804

  • 24a · Other expenses: FEDERAL AND STATE INCOM

    total $11,500 · management and general $11,500

  • 24b · Other expenses: REGISTERED AGENT FEES

    total $175 · management and general $175

  • 24c · Other expenses: SCC FEES

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,020

  • 2 · Savings and temporary cash investments

    end of year $374,777

  • 12 · Investments: other securities

    beginning of year $13,464,000 · end of year $12,998,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,272

  • 27 · Net assets without donor restrictions

    beginning of year $13,474,748 · end of year $13,373,527

Mission and programs · 2023

Mission

THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

Activities or mission (Part I)

SEE SCHEDULE O THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

  • THE FOUNDATION SUPPORTS LITERARY, SCIENTIFIC, AND EDUCATIONAL PROGRAMS, WITH PREFERENCE GIVEN TO ORGANIZATIONS PRINCIPALLY SERVING HANOVER, CAROLINE AND KING WILLIAM COUNTIES.

    Expenses $92,257 · Grants $92,257

As filed on the 2023 return.

Listed in Part VII

  • Farhad Aghdami

    APPOINTED DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anne G Cross

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Grayson S Johnson

    APPOINTED DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • J Franklin Jones Jr

    LEGACY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Norman L Long

    LEGACY DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sylvia S Acors

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sherrie Armstrong

    TREASURER

    Total calculated
    $548,704
    From this org
    $0
    From related orgs
    $484,280
    Other
    $64,424
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $343,599 related
    Bonus
    $0 + $52,500 related
    Other
    $0 + $88,181 related
    Deferred
    $0 + $54,478 related
    Nontaxable benefits
    $0 + $9,946 related
    Filer's total
    $0 + $548,704 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
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202403179349307330

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