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Nonprofiteer
← OZARKS CHARITABLE REAL ESTATE FOUNDATION INC

Form 990 for tax year 2022

Filed by OZARKS CHARITABLE REAL ESTATE FOUNDATION INC.

Totals

Total revenue
-$390,409
Total expenses
$2,051,104
Contributions and grants received
$331,035
Grants paid
$2,008,583
Program service revenue
$0
Investment income
-$722,256
Other revenue
$812
Total assets, end of year
$58,549
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$58,549
Program services expenses (Part IX)
$2,022,285
Management and general expenses
$17,992
Fundraising expenses
$10,827
Program service expenses (Part III)
$2,022,285

Program services were 98.6% 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.

  • 1f · All other contributions, gifts and grants

    $331,035

  • 1g · Noncash contributions included above

    $315,000

  • 3 · Investment income

    total $2,930 · excluded $2,930

  • 7a · Gross sales of assets other than inventory

    other assets $1,504,900

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

    other assets $2,230,086

  • 7c · Gain or loss

    other assets -$725,186

  • 7d · Net gain or loss

    total -$725,186 · related or exempt -$725,186

  • 11a · Other revenue: MANAGEMENT FEES

    total $812 · related or exempt $812

  • 11e · Other revenue, total

    $812

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,008,583 · program services $2,008,583

  • 11a · Fees: management

    total $87 · program services $28 · management and general $37 · fundraising $22

  • 11b · Fees: legal

    total $1,378 · program services $444 · management and general $583 · fundraising $351

  • 13 · Office expenses

    total $374 · program services $121 · management and general $158 · fundraising $95

  • 16 · Occupancy

    total $9,381 · program services $3,023 · management and general $3,969 · fundraising $2,389

  • 17 · Travel

    total $863 · program services $278 · management and general $365 · fundraising $220

  • 23 · Insurance

    total $2,399 · program services $773 · management and general $1,015 · fundraising $611

  • 24a · Other expenses: OTHER EXPENSES

    total $23,858 · program services $7,688 · management and general $10,096 · fundraising $6,074

  • 24b · Other expenses: LAWN MAINTENANCE

    total $4,181 · program services $1,347 · management and general $1,769 · fundraising $1,065

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,497 · end of year $14,549

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

    $44,000

  • 10c · Land, buildings and equipment, net

    beginning of year $2,478,565 · end of year $44,000

  • 15 · Other assets

    beginning of year $15,000 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $2,500,062 · end of year $58,549

Mission and programs · 2022

Mission

THE FOUNDATION RECEIVES, MANAGES AND DISTRIBUTES REAL ESTATE DONATIONS FOR COMMUNITY FOUNDATION OF THE OZARKS, INC.

Activities or mission (Part I)

SEE SCHEDULE OTHE FOUNDATION RECEIVES, MANAGES AND DISTRIBUTES REAL ESTATE DONATIONS FOR COMMUNITY FOUNDATION OF THE OZARKS, INC.

  • IN SEPTEMBER 2002, THE OZARKS CHARITABLE REAL ESTATE FOUNDATION, A TYPE 1 SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF THE OZARKS, WAS ESTABLISHED TO ACCEPT GIFTS OF REAL ESTATE. NET PROCEEDS OF CONTRIBUTED ASSETS ARE TRANSFERRED TO THE COMMUNITY FOUNDATION OF THE OZARKS TO SUPPORT ITS MISSION TO ENHANCE THE QUALITY OF LIFE THROUGH RESOURCE DEVELOPMENET, COMMUNITY GRANTMAKING, COLLABORATION, AND PUBLIC LEADERSHIP.

    Expenses $2,022,285 · Grants $2,008,583

As filed on the 2022 return.

Listed in Part VII

  • Brian Fogle

    PRESIDENT/MANAGING PARTNER

    Total calculated
    $244,669
    From this org
    $0
    From related orgs
    $209,833
    Other
    $34,836
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,180 related
    Bonus
    $0 + $20,653 related
    Other
    $0
    Deferred
    $0 + $9,890 related
    Nontaxable benefits
    $0 + $24,946 related
    Filer's total
    $0 + $244,669 related

  • Jeff Frye

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Keith Roberts

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Tom Rankin

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • Laurie Edmondson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dean Thompson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Anne McGregor

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ron Kraettli

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1 + 2 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)

PART I, LINE 3
COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION THE COMMUNITY FOUNDATION OF THE OZARKS

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
23 April 2024
IRS schema version
2022v5.0
Source object
202411279349301836

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