Form 990 for tax year 2023

Filed by COSMOPOLITAN DIABETES FOUNDATION INC.

Totals

Total revenue: $164,965
Total expenses: $61,622
Contributions and grants received: $22,634
Grants paid: $42,158
Program service revenue: $0
Investment income: $142,331
Other revenue: $0
Total assets, end of year: $1,372,481
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $1,372,481
Program services expenses (Part IX): $44,833
Management and general expenses: $15,427
Fundraising expenses: $1,362
Program service expenses (Part III): $44,833

Program services were 72.8% 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.

1a · Federated campaigns

$22,634
3 · Investment income

total $34,593 · related or exempt $34,593
7a · Gross sales of assets other than inventory

securities $132,875 · other assets $1,630
7b · Less cost or other basis and sales expenses

securities $26,767
7c · Gain or loss

securities $106,108 · other assets $1,630
7d · Net gain or loss

total $107,738 · related or exempt $107,738

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $42,158 · program services $42,158
11c · Fees: accounting

total $4,150 · program services $415 · management and general $3,735
11f · Fees: investment management

total $13,616 · program services $1,361 · management and general $10,893 · fundraising $1,362
11g · Fees: other

total $100 · program services $100
17 · Travel

total $1,598 · program services $799 · management and general $799

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $20,439 · end of year $16,583
3 · Pledges and grants receivable

end of year $800
11 · Investments: publicly traded securities

beginning of year $1,246,383 · end of year $1,355,098
27 · Net assets without donor restrictions

beginning of year -$85,813 · end of year -$1,788
28 · Net assets with donor restrictions

beginning of year $1,352,635 · end of year $1,374,269

Mission and programs · 2023

Mission

DIABETES TREATMENT, EDUCATION & RESEARCH

DIABETES RESEARCH AND TREATMENT: FUNDS RAISED AND ENDOWMENT INCOME IS USED TO GRANT FUNDS TO HOSPITALS AND DIABETIC RESEARCH CENTERS FOR DIABETES RELATED CAUSES.

Expenses $22,799 · Grants $22,000
AWARD MATERIAL

Expenses $22,034 · Grants $20,158

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

Listed in Part VII

Tom GrimesTOM GRIMES

BOARD MEMBER

Total calculated

$0
Don GentryDON GENTRY

SECRETARY

Total calculated

$0
Bob WhiteBOB WHITE

BOARD MEMBER

Total calculated

$0
Victor SmithVICTOR SMITH

BOARD MEMBER

Total calculated

$0
Mike RapayMIKE RAPAY

BOARD MEMBER

Total calculated

$0
Ed FicenicED FICENIC

BOARD MEMBER

Total calculated

$0
Russ DanstromRUSS DANSTROM

CHAIR

Total calculated

$0

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

CRUSADER CENTRAL CLINIC

$10,000

DIABETES TREATMENT
EASTERN VIRGINIA MEDICAL

$7,000

DIABETES RESEARCH

Provenance

Return type: form_990
Tax year: 2023
Filed: 3 October 2024
IRS schema version: 2023v5.0
Source object: 202423539349300907

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