Skip to content
Nonprofiteer
← FAHOLO FOUNDATION INC

Form 990 for tax year 2022

Filed by FAHOLO FOUNDATION INC.

Totals

Total revenue
$139,240
Total expenses
$132,102
Contributions and grants received
$6,500
Grants paid
$125,000
Program service revenue
$0
Investment income
$132,740
Other revenue
$0
Total assets, end of year
$717,396
Total liabilities, end of year
$936
Net assets or fund balances, end of year
$716,460
Program services expenses (Part IX)
$125,000
Management and general expenses
$7,102
Fundraising expenses
$0
Program service expenses (Part III)
$125,000

Program services were 94.6% 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

    $6,500

  • 3 · Investment income

    total $21,007 · excluded $21,007

  • 7a · Gross sales of assets other than inventory

    securities $253,082

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

    securities $141,349

  • 7c · Gain or loss

    securities $111,733

  • 7d · Net gain or loss

    total $111,733 · excluded $111,733

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 11c · Fees: accounting

    total $3,045 · management and general $3,045

  • 24a · Other expenses: ADMINISTRATIVE FEES

    total $4,057 · management and general $4,057

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,004 · end of year $31

  • 2 · Savings and temporary cash investments

    beginning of year $69,001 · end of year $78,067

  • 11 · Investments: publicly traded securities

    beginning of year $365,484 · end of year $236,077

  • 12 · Investments: other securities

    beginning of year $609,196 · end of year $403,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,306 · end of year $936

  • 27 · Net assets without donor restrictions

    beginning of year $1,043,379 · end of year $716,460

Mission and programs · 2022

Mission

THE PRIMARY MISSION AND EXEMPT PURPOSE OF THE FAHOLO FOUNDATION, INC. IS TO SUPPORT THE CHARITABLE PURPOSE OF THE BALTIMORE COMMUNITY FOUNDATION, INC. THROUGH THE DISTRIBUTION OF GRANTS TO NON-PROFIT ORGANIZATIONS.

Activities or mission (Part I)

SUPPORT THE BALTIMORE COMMUNITY FOUNDATION, INC. THROUGH THE DISTRIBUTION OF GRANTS TO NON-PROFIT ORGANIZATIONS.

  • TO CARRY OUT THE PURPOSE OF THE BALTIMORE COMMUNITY FOUNDATION, INC. BY RECEIVING AND ADMINISTERING FUNDS, PERFORMING PLANNING AND OTHER FUNCTIONS, AND OTHERWISE PROVIDING ASSISTANCE.

    Expenses $125,000 · Grants $125,000

As filed on the 2022 return.

Listed in Part VII

  • Robert S Killebrew Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Shanaysha Sauls

    DIRECTOR

    Total calculated
    $331,299
    From this org
    $0
    From related orgs
    $275,790
    Other
    $55,509
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,790 related
    Bonus
    $0 + $38,000 related
    Other
    $0
    Deferred
    $0 + $23,750 related
    Nontaxable benefits
    $0 + $31,759 related
    Filer's total
    $0 + $331,299 related

  • Michael Campbell

    SECRETARY (BEG 2/22)

    Total calculated
    $195,104
    From this org
    $0
    From related orgs
    $187,286
    Other
    $7,818
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,036 related
    Bonus
    $0 + $5,750 related
    Other
    $0 + $500 related
    Deferred
    $0 + $6,662 related
    Nontaxable benefits
    $0 + $1,156 related
    Filer's total
    $0 + $195,104 related

  • Patricia Chandler

    SECRETARY (THRU 2/22)

    Total calculated
    $60,180
    From this org
    $0
    From related orgs
    $47,259
    Other
    $12,921
    Hours/week
    0.1 + 37.5 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

None.

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:
THE FOUNDATION RELIES ON THE BALTIMORE COMMUNITY FOUNDATION, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S DIRECTOR. THE BALTIMORE COMMUNITY FOUNDATION USES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND THE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

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
3 May 2023
IRS schema version
2022v5.0
Source object
202301249349301945

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

The source document this was parsed from is served over the API, which is where bulk and document access live.