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Nonprofiteer
← PINEBELT FOUNDATION

Form 990 for tax year 2023

Filed by PINEBELT FOUNDATION.

Totals

Total revenue
$5,581,238
Total expenses
$3,295,148
Contributions and grants received
$4,799,129
Grants paid
$2,933,017
Program service revenue
$0
Investment income
$779,257
Other revenue
$2,852
Total assets, end of year
$31,175,096
Total liabilities, end of year
$1,433,939
Net assets or fund balances, end of year
$29,741,157
Program services expenses (Part IX)
$2,990,730
Management and general expenses
$264,638
Fundraising expenses
$39,780
Program service expenses (Part III)
$2,990,730

Program services were 90.8% 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.

  • 1c · Fundraising events

    $51,890

  • 1e · Government grants (contributions)

    $70,393

  • 1f · All other contributions, gifts and grants

    $4,676,846

  • 1g · Noncash contributions included above

    $800,000

  • 3 · Investment income

    total $501,550 · related or exempt $501,550

  • 7a · Gross sales of assets other than inventory

    securities $5,540,704

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

    securities $5,262,997

  • 7c · Gain or loss

    securities $277,707

  • 7d · Net gain or loss

    total $277,707 · related or exempt $483,210 · excluded -$205,503

  • 8a · Fundraising events: contributions included on line 1c

    $51,890

  • 8b · Fundraising events: direct expenses

    $26,387

  • 8c · Net income from fundraising events

    total -$26,387 · excluded -$26,387

  • 11a · Other revenue: MANAGEMENT FEES

    total $28,034 · related or exempt $28,034

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $2,645 · related or exempt $2,645

  • 11c · Other revenue: NET RENTAL INCOME/LOSS

    total -$1,440 · excluded -$1,440

  • 11e · Other revenue, total

    $29,239

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,795,431 · program services $2,795,431

  • 2 · Grants to domestic individuals

    total $137,586 · program services $137,586

  • 7 · Other salaries and wages

    total $220,358 · program services $44,214 · management and general $142,542 · fundraising $33,602

  • 9 · Other employee benefits

    total $18,495 · program services $5,915 · management and general $9,635 · fundraising $2,945

  • 10 · Payroll taxes

    total $16,307 · program services $4,971 · management and general $8,765 · fundraising $2,571

  • 11g · Fees: other

    total $52,190 · management and general $52,190

  • 12 · Advertising and promotion

    total $1,943 · management and general $1,281 · fundraising $662

  • 13 · Office expenses

    total $7,579 · management and general $7,579

  • 16 · Occupancy

    total $16,820 · management and general $16,820

  • 17 · Travel

    total $1,606 · management and general $1,606

  • 19 · Conferences, conventions and meetings

    total $6,065 · management and general $6,065

  • 20 · Interest

    total $307 · management and general $307

  • 22 · Depreciation, depletion and amortization

    total $6,160 · program services $2,613 · management and general $3,547

  • 23 · Insurance

    total $1,156 · management and general $1,156

  • 24a · Other expenses: TRAINING

    total $7,820 · management and general $7,820

  • 24b · Other expenses: DUES

    total $3,795 · management and general $3,795

  • 24c · Other expenses: PRINTING

    total $1,636 · management and general $1,636

  • 24d · Other expenses: POSTAGE

    total $1,008 · management and general $1,008

  • 24e · All other expenses

    total -$1,114 · management and general -$1,114

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,902,903 · end of year $4,201,168

  • 2 · Savings and temporary cash investments

    beginning of year $4,200,041 · end of year $4,745,202

  • 7 · Other notes and loans receivable

    beginning of year $1,022,155 · end of year $1,070,803

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,266 · end of year $3,516

  • 10a · Land, buildings and equipment: cost or other basis

    $1,129,422

  • 10b · Land, buildings and equipment: accumulated depreciation

    $149,465

  • 10c · Land, buildings and equipment, net

    beginning of year $177,804 · end of year $979,957

  • 11 · Investments: publicly traded securities

    beginning of year $18,987,547 · end of year $20,174,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,160 · end of year $29,467

  • 25 · Other liabilities

    beginning of year $781,480 · end of year $1,404,472

  • 27 · Net assets without donor restrictions

    beginning of year $1,095,833 · end of year $2,153,208

  • 28 · Net assets with donor restrictions

    beginning of year $24,389,243 · end of year $27,587,949

Mission and programs · 2023

Mission

THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION DESIGNED TO SUPPORT CHARITABLE ACTIVITIES TO BENEFIT THE RESIDENTS OF THE PINE BELT AREA OF SOUTH MISSISSIPPI. THE MISSION IS TO BUILD BETTER COMMUNITIES THROUGH PHILANTHROPY. AS A DRIVING FORCE IN OUR REGION, OUR MISSION IS TO BUILD STRONGER COMMUNITIES THROUGH PHILANTHROPY. DONORS CAN ESTABLISH CHARITABLE LEGACIES AND PROVIDE LEADERSHIP TO ADDRESS COMMUNITY NEEDS IN A MANNER THAT IS RESPONSIBLE, RESPONSIVE, AND LASTING.

  • CONTRIBUTIONS AND PROGRAM SERVICE DISBURSEMENTS FOR CHARITABLE PURPOSES.

    Expenses $2,853,144 · Grants $2,795,431

  • SCHOLARSHIPS. THE FOUNDATION GRANTS SCHOLARSHIPS FOR STUDENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION.

    Expenses $137,586 · Grants $137,586

  • CONTRIBUTIONS AND PROGRAM SERVICE DISBURSEMENTS FOR CHARITABLE PURPOSES.

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

Listed in Part VII

  • Carlos Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Phil Hanberry

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lou Mapp

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Sean Priebe

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Valerie Wilson

    SECRETARY

    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

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 1501 ADELINE LLC

    RENT · MS · income $23,120 · assets $24,517

Provenance

Return type
form_990
Tax year
2023
Filed
18 April 2024
IRS schema version
2023v5.0
Source object
202401099349301145

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

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