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Nonprofiteer
← THE TONEY FOUNDATION

Form 990 for tax year 2023

Filed by THE TONEY FOUNDATION.

Totals

Total revenue
$40,425
Total expenses
$22,440
Contributions and grants received
$1,500
Grants paid
$20,000
Program service revenue
$0
Investment income
$0
Other revenue
$38,925
Total assets, end of year
$23,958
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,958
Program services expenses (Part IX)
$20,000
Management and general expenses
$2,440
Fundraising expenses
$0
Program service expenses (Part III)
$20,000

Program services were 89.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,500

  • 8a · Fundraising events: gross income

    $47,369

  • 8b · Fundraising events: direct expenses

    $8,444

  • 8c · Net income from fundraising events

    total $38,925 · excluded $38,925

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 11b · Fees: legal

    total $1,015 · management and general $1,015

  • 24a · Other expenses: ADMINISTRATIVE SERVICES

    total $1,200 · management and general $1,200

  • 24b · Other expenses: BANKING

    total $225 · management and general $225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,973 · end of year $23,958

  • 27 · Net assets without donor restrictions

    beginning of year $5,973 · end of year $23,958

Mission and programs · 2023

Mission

PLAN, ORGANIZE, AND HOST AN ANNUAL GOLF EVENT TO RAISE FUNDS FOR CHARITABLE PURPOSES. NET PROCEEDS FROM THE GOLF EVENT WILL BE DISTRIBUTED TO EDUCATIONAL ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE TO FUND SCHOLARSHIPS.

  • SCHOLARSHIP GRANTS WERE AWARDED IN THE AMOUNTS OF 10,000 TO THE UNITED NEGRO COLLEGE FUND AND 10,000 TO FRIENDS OF THE CHILDREN.

    Expenses $20,000 · Grants $20,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frederiek Toney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Kajal Jaiswal

    SECRETARY

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

  • UNITED NEGRO COLLEGE FUND

    $10,000

  • FRIENDS OF THE CHILDREN

    $10,000

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202401379349300240

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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