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← INTERFAITH OUTREACH AND COMMUNITY PARTNERS ENDOWMENT FUND

Form 990 for tax year 2023

Filed by INTERFAITH OUTREACH AND COMMUNITY PARTNERS ENDOWMENT FUND.

Totals

Total revenue
$176,300
Total expenses
$315,909
Contributions and grants received
$10,067
Grants paid
$246,097
Program service revenue
$0
Investment income
$166,233
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$246,097
Management and general expenses
$69,812
Fundraising expenses
$0
Program service expenses (Part III)
$246,097

Program services were 77.9% 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

    $10,067

  • 3 · Investment income

    total $114,010 · related or exempt $114,010

  • 7a · Gross sales of assets other than inventory

    securities $9,175,418

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

    securities $9,123,195

  • 7c · Gain or loss

    securities $52,223

  • 7d · Net gain or loss

    total $52,223 · related or exempt $52,223

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $246,097 · program services $246,097

  • 11b · Fees: legal

    total $12,225 · management and general $12,225

  • 11f · Fees: investment management

    total $55,208 · management and general $55,208

  • 23 · Insurance

    total $1,702 · management and general $1,702

  • 24a · Other expenses: MISCELLANEOUS

    total $677 · management and general $677

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $371,565

  • 2 · Savings and temporary cash investments

    beginning of year $1,734

  • 11 · Investments: publicly traded securities

    beginning of year $5,312,859

  • 27 · Net assets without donor restrictions

    beginning of year $5,281,516

  • 28 · Net assets with donor restrictions

    beginning of year $404,642

Mission and programs · 2023

Mission

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO PROVIDE OVERSIGHT AND MANAGEMENT OF DONOR FUNDS THAT PROVIDE LONG-TERM SUPPORT OF THE ENDOWMENT FUND'S SOLE BENEFICIARY, INTERFAITH OUTREACH AND COMMUNITY PARTNERS. INTERFAITH OUTREACH AND COMMUNITY PARTNERS IS A SEPARATE 501(C)(3) COMMUNITY-BASED OUTREACH ORGANIZATION WITH A 45-YEAR HISTORY OF SERVING LOW-INCOME FAMILIES OF 8 WEST SUBURBAN COMMUNITIES OF THE TWIN CITIES.

Activities or mission (Part I)

TO MANAGE FUNDS THAT SUPPORT ITS SOLE BENEFICIARY, INTERFAITH OUTREACH AND COMMUNITY PARTNERS.

  • ANNUAL SUPPORT TO INTERFAITH OUTREACH AND COMMUNITY PARTNERS. INTERFAITH OUTREACH AND COMMUNITY PARTNERS IS A COMMUNITY-BASED OUTREACH ORGANIZATION WITH A 45-YEAR HISTORY OF SERVING LOW-INCOME FAMILIES AND INDIVIDUALS OF EIGHT WEST SUBURBAN COMMUNITIES OF THE TWIN CITIES. INTERFAITH OUTREACH AND COMMUNITY PARTNERS DIRECT SERVICES EMPLOY A COMPREHENSIVE SERVICE APPROACH IN SIX IMPACT AREAS - FAMILY SUPPORT, FOOD, HOUSING AND NEIGHBORHOODS, EMPLOYMENT, EDUCATION AND YOUTH, AND TRANSPORTATION - AN APPROACH THAT HELPS PEOPLE STABILIZE IN TIMES OF CRISES AND ACCESS RESOURCES AND OPPORTUNITIES THAT LEAD TO POSITIVE CHANGE.

    Expenses $246,097 · Grants $246,097

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

Listed in Part VII

  • Patrick Knight

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Fazendin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Hughes

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Michael Poch

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Susan Bode

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Burns

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Wegmann

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Philip Zietlow

    MEMBER

    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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

2 distributions to recipients named as people, $6,484,424 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2024
IRS schema version
2023v5.0
Source object
202432609349300123

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