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Nonprofiteer
← GOLD CHALLENGE CUP FOUNDATION INC

Form 990 for tax year 2022

Filed by GOLD CHALLENGE CUP FOUNDATION INC.

Totals

Total revenue
$257,761
Total expenses
$401,414
Contributions and grants received
$202,511
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$55,250
Total assets, end of year
$233,089
Total liabilities, end of year
$52,966
Net assets or fund balances, end of year
$180,123
Program services expenses (Part IX)
$392,488
Management and general expenses
$8,926
Fundraising expenses
$0
Program service expenses (Part III)
$392,488

Program services were 97.8% 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.

  • 1f · All other contributions, gifts and grants

    $202,511

  • 11a · Other revenue: GRANT INCOME

    total $50,000 · related or exempt $50,000

  • 11b · Other revenue: STEWART PROGRAM FEES

    total $5,250 · related or exempt $5,250

  • 11e · Other revenue, total

    $55,250

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,125 · management and general $1,125

  • 11g · Fees: other

    total $361,959 · program services $361,309 · management and general $650

  • 13 · Office expenses

    total $404 · management and general $404

  • 17 · Travel

    total $29,084 · program services $29,084

  • 23 · Insurance

    total $1,595 · program services $1,595

  • 24a · Other expenses: MISCELLANEOUS

    total $6,156 · management and general $6,156

  • 24b · Other expenses: BANK FEES

    total $591 · management and general $591

  • 24c · Other expenses: WEBSITE

    total $500 · program services $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $226,276 · end of year $146,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,500 · end of year $1,250

  • 15 · Other assets

    beginning of year $85,000 · end of year $85,000

  • 17 · Accounts payable and accrued expenses

    end of year $52,966

  • 27 · Net assets without donor restrictions

    beginning of year $323,776 · end of year $180,123

Mission and programs · 2022

Mission

PROMOTION AND EDUCATION OF SINGLE SCULL ROW

  • PROMOTION AND EDUCATION ABOUT THE SPORT OF SINGLE SCULL ROWING ON AN AMATEUR LEVEL AMONG THE GENERAL PUBLIC, PARTICULARLY YOUTH, BY HOSTING AN ANNUAL COMPETITION.

    Expenses $392,488

As filed on the 2022 return.

Listed in Part VII

  • Sir Steve Redgrave

    HON CHAIR EM

    Total calculated
    $0
    Hours/week
    1

  • Kim Brennan

    HONORARY CHA

    Total calculated
    $0
    Hours/week
    1

  • F William McNabb III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dr Scot Fisher

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • James Barker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Hoffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Van Keuren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elle Carolan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Angello

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    4

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 July 2023
IRS schema version
2022v5.0
Source object
202302269349300405

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