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Nonprofiteer
← CALVARY ENDOWMENT FOUNDATION INC

Form 990 for tax year 2022

Filed by CALVARY ENDOWMENT FOUNDATION INC.

Totals

Total revenue
$239,515
Total expenses
$574,403
Contributions and grants received
$17,977
Grants paid
$535,101
Program service revenue
$0
Investment income
$221,538
Other revenue
$0
Total assets, end of year
$7,738,126
Total liabilities, end of year
$25,359
Net assets or fund balances, end of year
$7,712,767
Program services expenses (Part IX)
$535,101
Management and general expenses
$39,302
Fundraising expenses
$0
Program service expenses (Part III)
$535,101

Program services were 93.2% 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.

  • 1f · All other contributions, gifts and grants

    $17,977

  • 3 · Investment income

    total $212,696 · excluded $212,696

  • 7a · Gross sales of assets other than inventory

    securities $728,305

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

    securities $719,463

  • 7c · Gain or loss

    securities $8,842

  • 7d · Net gain or loss

    total $8,842 · excluded $8,842

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $535,101 · program services $535,101

  • 11c · Fees: accounting

    total $11,800 · management and general $11,800

  • 11g · Fees: other

    total $26,252 · management and general $26,252

  • 24a · Other expenses: CONSORTIUM DUES

    total $1,250 · management and general $1,250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $53,444 · end of year $116,318

  • 4 · Accounts receivable

    beginning of year $6,605 · end of year $7,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $65,210 · end of year $5,309

  • 11 · Investments: publicly traded securities

    beginning of year $9,963,003 · end of year $7,608,825

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,700 · end of year $25,359

  • 28 · Net assets with donor restrictions

    beginning of year $10,075,562 · end of year $7,712,767

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTION OF, AND CARRY OUT THE PURPOSES OF RECEIVING, INVESTING, AND ALLOCATING FUNDS TO SUPPORT THE PROGRAMS, MISSIONS, AND MINISTRIES OF CALVARY EPISCOPAL CHURCH IN MEMPHIS, SHELBY COUNTY, TENNESSEE, AND OTHER MINISTRIES, MISSIONS, AND PROGRAMS APPROVED BY THE BOARD OF DIRECTORS OF THE FOUNDATION IN CONCURRENCE WITH THE VESTRY OF CALVARY EPISCOPAL CHURCH.

Activities or mission (Part I)

THE FOUNDATION OPERATES SOLELY TO MANAGE FUNDS TO SUPPORT CALVARY EPISCOPAL CHURCH.

  • CONTRIBUTIONS TO CALVARY EPISCOPAL CHURCH AND ITS MISSIONS AND MINISTRIES. CONTRIBUTIONS TO CALVARY PLACE.

    Expenses $535,101 · Grants $535,101

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Katie Owens

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tony Graves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Will Haley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Duncan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Peg Wahl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alec McLean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tommy Parker

    DIRECTOR

    Total calculated
    $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

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349312272

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