Form 990 for tax year 2022
Filed by BIDDY MASON CHARITABLE FOUNDATION.
Totals
- Total revenue
- $243,390
- Total expenses
- $342,387
- Contributions and grants received
- $221,593
- Grants paid
- $0
- Program service revenue
- $15,000
- Investment income
- $5,847
- Other revenue
- $950
- Total assets, end of year
- $481,176
- Total liabilities, end of year
- $4,513
- Net assets or fund balances, end of year
- $476,663
- Program services expenses (Part IX)
- $284,470
- Management and general expenses
- $57,917
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $284,470
Program services were 83.1% 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.
-
1c · Fundraising events
$3,200
-
1f · All other contributions, gifts and grants
$218,393
-
2a · Program service revenue: Grant Income
total $15,000 · related or exempt $15,000
-
3 · Investment income
total $5,847 · related or exempt $5,847
-
8a · Fundraising events: contributions included on line 1c
$3,200
-
11a · Other revenue: Other Income
total $950 · related or exempt $950
-
11e · Other revenue, total
$950
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $102,197 · program services $69,002 · management and general $33,195
-
9 · Other employee benefits
total $3,596 · program services $2,428 · management and general $1,168
-
10 · Payroll taxes
total $8,561 · program services $5,682 · management and general $2,879
-
11b · Fees: legal
total $28 · program services $28
-
13 · Office expenses
total $4,171 · management and general $4,171
-
17 · Travel
total $1,874 · program services $1,874
-
23 · Insurance
total $15,979 · program services $8,007 · management and general $7,972
-
24a · Other expenses: Scholarships and Awards
total $70,324 · program services $70,324
-
24b · Other expenses: Professional Fees
total $3,899 · program services $3,899
-
24c · Other expenses: Contract Services
total $15,050 · program services $15,050
-
24d · Other expenses: Software
total $660 · program services $660
-
24e · All other expenses
total $116,048 · program services $107,516 · management and general $8,532
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $251,651 · end of year $150,795
-
2 · Savings and temporary cash investments
beginning of year $298,903 · end of year $298,189
-
9 · Prepaid expenses and deferred charges
beginning of year $435 · end of year $435
-
10a · Land, buildings and equipment: cost or other basis
$31,496
-
10c · Land, buildings and equipment, net
beginning of year $29,946 · end of year $31,496
-
15 · Other assets
end of year $261
-
17 · Accounts payable and accrued expenses
beginning of year $5,275 · end of year $4,513
-
27 · Net assets without donor restrictions
beginning of year $275,660 · end of year $176,663
-
28 · Net assets with donor restrictions
beginning of year $300,000 · end of year $300,000
Mission and programs · 2022
Mission
To provide services and support to foster and transition age youth
-
During the year, the agency awarded youth scholarships.
Expenses $284,470
As filed on the 2022 return.
Listed in Part VII
-
Michael Ellison Lewis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jay Lake
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Cynthia Hudley
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Welch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Patricia Wilson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Emile Mack
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marye Barnett
Director
- Total calculated
- $0
- Hours/week
- 1
-
Otho Day
Director
- Total calculated
- $0
- Hours/week
- 1
-
Eber Bayona
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Jackie Broxton
CEO & President
- Total calculated
- $0
- Hours/week
- 4
-
Jefferson Cox
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Ellis Gordon Jr
Treasurer
- Total calculated
- $0
- Hours/week
- 2
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
- 11 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431099349301433
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