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← CLASSIC MIKE LOYER FOUNDATION INC

Form 990 for tax year 2022

Filed by CLASSIC MIKE LOYER FOUNDATION INC.

Totals

Total revenue
$185,563
Total expenses
$105,788
Contributions and grants received
$84,791
Grants paid
$88,655
Program service revenue
$0
Investment income
$154
Other revenue
$100,618
Total assets, end of year
$386,787
Total liabilities, end of year
$6,120
Net assets or fund balances, end of year
$380,667
Program services expenses (Part IX)
$93,066
Management and general expenses
$7,315
Fundraising expenses
$5,407
Program service expenses (Part III)
$93,066

Program services were 88.0% 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

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $66,594

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $18,197

  • 1g · Noncash contributions included above

    $5,384

  • 3 · Investment income

    total $154 · unrelated business $0 · excluded $154

  • 8a · Fundraising events: gross income

    $45,507

  • 8a · Fundraising events: contributions included on line 1c

    $66,594

  • 8b · Fundraising events: direct expenses

    $47,810

  • 8c · Net income from fundraising events

    total -$2,303 · unrelated business $0 · excluded -$2,303

  • 9a · Gaming: gross income

    $163,533

  • 9b · Gaming: direct expenses

    $60,612

  • 9c · Net income from gaming

    total $102,921 · excluded $102,921

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,100 · program services $46,100

  • 2 · Grants to domestic individuals

    total $42,555 · program services $42,555

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,270 · program services $0 · management and general $1,270 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $600 · program services $200 · management and general $200 · fundraising $200

  • 14 · Information technology

    total $13,505 · program services $4,085 · management and general $5,335 · fundraising $4,085

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $981 · program services $0 · management and general $0 · fundraising $981

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $377 · program services $126 · management and general $125 · fundraising $126

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bank & other fees

    total $400 · program services $0 · management and general $385 · fundraising $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $305,505 · end of year $368,357

  • 3 · Pledges and grants receivable

    beginning of year $5,700 · end of year $12,350

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

    $2,640

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,085

  • 10c · Land, buildings and equipment, net

    beginning of year $1,932 · end of year $1,555

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $4,525

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,233 · end of year $6,120

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $301,904 · end of year $380,667

Mission and programs · 2022

Mission

In keeping with Mike's spirit the mission of The Classic Mike Loyer Foundation (CMLF) is to support Vermont families coping with the accidental death of a loved one and to support unique needs within the community.

  • Assisted dozens of families with end of life, burial, medical, transportation, and living expenses. Provided funds to nonprofit organizations to send disabled children to summer camp, for food assistance to families during the Holiday Season, and Christmas gifts to disadvantaged children and a victimized family.

    Expenses $93,066 · Grants $88,655

As filed on the 2022 return.

Listed in Part VII

  • Thomas Loyer

    Chairman

    Total calculated
    $0
    Hours/week
    8

  • David Boera

    Vice Chairman

    Total calculated
    $0
    Hours/week
    8

  • Steve Loyer

    Treasurer

    Total calculated
    $0
    Hours/week
    8

  • Shawn Morin

    Secretary

    Total calculated
    $0
    Hours/week
    8

  • Douglas Dubie

    Director

    Total calculated
    $0
    Hours/week
    8

  • Jay Morin

    Director

    Total calculated
    $0
    Hours/week
    8

  • Kevin McGonagle

    Director

    Total calculated
    $0
    Hours/week
    8

  • Christian Loyer

    Director

    Total calculated
    $0
    Hours/week
    8

  • Barb Leggett

    Director

    Total calculated
    $0
    Hours/week
    8

  • Chris Ray

    Director

    Total calculated
    $0
    Hours/week
    8

  • Cathy Renaudette

    Director

    Total calculated
    $0
    Hours/week
    8

  • Emmaleigh Loyer

    Director

    Total calculated
    $0
    Hours/week
    8

  • Sara Wallen

    Director

    Total calculated
    $0
    Hours/week
    8

  • John Boardman

    Director

    Total calculated
    $0
    Hours/week
    8

  • Kasey Loyer

    Director

    Total calculated
    $0
    Hours/week
    8

  • Bill Allen

    Director

    Total calculated
    $0
    Hours/week
    8

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

Provenance

Return type
form_990
Tax year
2022
Filed
6 October 2023
IRS schema version
2022v5.0
Source object
202312799349301716

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