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Nonprofiteer
← RIDGE AREA ARC FOUNDATION

Form 990 for tax year 2023

Filed by RIDGE AREA ARC FOUNDATION.

Totals

Total revenue
$281,755
Total expenses
$31,956
Contributions and grants received
$50,000
Grants paid
$17,210
Program service revenue
$0
Investment income
$231,755
Other revenue
$0
Total assets, end of year
$3,185,509
Total liabilities, end of year
$3,000
Net assets or fund balances, end of year
$3,182,509
Program services expenses (Part IX)
$17,210
Management and general expenses
$14,746
Fundraising expenses
$0
Program service expenses (Part III)
$17,210

Program services were 53.9% 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

    $50,000

  • 3 · Investment income

    total $97,984 · excluded $97,984

  • 7a · Gross sales of assets other than inventory

    securities $434,027

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

    securities $300,256

  • 7c · Gain or loss

    securities $133,771

  • 7d · Net gain or loss

    total $133,771 · related or exempt $133,771

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,210 · program services $17,210

  • 24a · Other expenses: OTHER ADMINISTRATIVE

    total $14,746 · management and general $14,746

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $831,731 · end of year $594,080

  • 11 · Investments: publicly traded securities

    beginning of year $1,902,884 · end of year $2,591,429

  • 17 · Accounts payable and accrued expenses

    end of year $3,000

  • 27 · Net assets without donor restrictions

    beginning of year $505,570 · end of year $903,464

  • 28 · Net assets with donor restrictions

    beginning of year $2,229,045 · end of year $2,279,045

Mission and programs · 2023

Mission

TO SECURE AND INVEST FUNDS SPECIFICALLY FOR ENDOWING THE PROGRAMS AND SERVICES OF RIDGE AREA ARC, INC.

  • TO SECURE AND INVEST FUNDS SPECIFICALLY FOR ENDOWING THE PROGRAMS AND SERVICES OF RIDGE AREA ARC, INC. THE PURPOSE OF RIDGE AREA ARC, INC. IS TO ENSURE THE RIGHTS AND RESPONSIBILITIES OF EACH CITIZEN WITH A DISABILITY TO DEVELOP A NORMAL, HEALTHY, AND PRODUCTIVE LIFE.

    Expenses $17,210 · Grants $17,210

As filed on the 2023 return.

Listed in Part VII

  • Dr Tina Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • William Allbritton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Tanya Cannady

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Victor Divietro

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dee Dee Harstine

    TRUSTEE

    Total calculated
    $0

  • Rick Helms

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Debra McCullough

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Kirsten Scarborough Turner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Marcia Ward

    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

Provenance

Return type
form_990
Tax year
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202520319349301767

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