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Nonprofiteer
← DISC VILLAGE FOUNDATION INC

Form 990 for tax year 2022

Filed by DISC VILLAGE FOUNDATION INC.

Totals

Total revenue
$1,108,632
Total expenses
$838,986
Contributions and grants received
$480,000
Grants paid
$500,000
Program service revenue
$0
Investment income
$628,632
Other revenue
$0
Total assets, end of year
$20,217,496
Total liabilities, end of year
$14,616
Net assets or fund balances, end of year
$20,202,880
Program services expenses (Part IX)
$500,000
Management and general expenses
$338,986
Fundraising expenses
$0
Program service expenses (Part III)
$500,000

Program services were 59.6% 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.

  • 1d · Related organizations

    $480,000

  • 3 · Investment income

    total $328,565 · excluded $328,565

  • 7a · Gross sales of assets other than inventory

    securities $800,067

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

    securities $500,000

  • 7c · Gain or loss

    securities $300,067

  • 7d · Net gain or loss

    total $300,067 · excluded $300,067

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 5 · Compensation of officers, directors and key employees

    total $200,034 · management and general $200,034

  • 7 · Other salaries and wages

    total $71,591 · management and general $71,591

  • 8 · Pension plan contributions

    total $4,642 · management and general $4,642

  • 10 · Payroll taxes

    total $16,857 · management and general $16,857

  • 11f · Fees: investment management

    total $45,862 · management and general $45,862

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,677 · end of year $217,507

  • 11 · Investments: publicly traded securities

    beginning of year $18,359,298 · end of year $19,999,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,661 · end of year $14,616

  • 27 · Net assets without donor restrictions

    beginning of year $18,375,314 · end of year $20,202,880

Mission and programs · 2022

Mission

THE PURPOSE OF DISC VILLAGE FOUNDATION IS TO SUPPORT THE ACTIVITIES OF DISC VILLAGE, INC, AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MAY UNDERTAKE ANY ACTION NECESSARY TO FURTHER THIS GENERAL PURPOSE INCLUDING FUND RAISING ACTIVITIES AND INVESTMENT DESIGNED TO PRODUCE REVENUE TO BE USED FOR DISC VILLAGE INC. THE FOUNDATION SHALL NOT, AS ITS PRIMARY ACTIVITY ENGAGE IN A REGULAR BUSINESS OF A KIND ORDINARILY CARRIED ON FOR PROFIT.

  • INCOME GENERATED BY INVESTING ACTIVITIES WERE USED TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSE OF DISC VILLAGE INC. BY ASSISTING INDIVIDUALS WITH SUBSTANCE ABUSE PROBLEMS.

    Expenses $500,000 · Grants $500,000

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

Listed in Part VII

  • Gary Roberts

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dr Jeffrey Liang

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas K Olk

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $197,719
    From this org
    $191,035
    From related orgs
    $0
    Other
    $6,684
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $191,035
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,684
    Filer's total
    $197,719

  • Mike Sasnett

    CHIEF FINANCIAL OFFICER

    Total calculated
    $219,593
    From this org
    $90,000
    From related orgs
    $108,785
    Other
    $20,808
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $90,000 + $108,785 related
    Bonus
    $0
    Other
    $0
    Deferred
    $6,300 + $7,794 related
    Nontaxable benefits
    $0 + $6,714 related
    Filer's total
    $96,300 + $123,293 related

  • John Wilson

    CHIEF EXECUTIVE OFFICER FOR RELATED ORGANIZATION

    Total calculated
    $320,983
    From this org
    $158,883
    From related orgs
    $134,375
    Other
    $27,725
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $158,883 + $118,975 related
    Bonus
    $0
    Other
    $0 + $15,400 related
    Deferred
    $11,122 + $9,889 related
    Nontaxable benefits
    $0 + $6,714 related
    Filer's total
    $170,005 + $150,978 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • WOODVILLE PROPERTIES INC

    $500,000

    BOARD APPROVED SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
24 April 2024
IRS schema version
2022v5.0
Source object
202411179349301716

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