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Nonprofiteer
← TANANA VALLEY YOUTH SPORTS FOUNDATION INC

Form 990 for tax year 2022

Filed by TANANA VALLEY YOUTH SPORTS FOUNDATION INC.

Totals

Total revenue
$151,572
Total expenses
$206,418
Contributions and grants received
$35
Grants paid
$177,000
Program service revenue
$0
Investment income
$151,537
Other revenue
$0
Total assets, end of year
$3,636,090
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,636,090
Program services expenses (Part IX)
$177,000
Management and general expenses
$29,418
Fundraising expenses
$0
Program service expenses (Part III)
$177,000

Program services were 85.7% 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

    $35

  • 3 · Investment income

    total $157,524 · excluded $157,524

  • 7a · Gross sales of assets other than inventory

    securities $659,218

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

    securities $665,205

  • 7c · Gain or loss

    securities -$5,987

  • 7d · Net gain or loss

    total -$5,987 · excluded -$5,987

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $177,000 · program services $177,000

  • 11b · Fees: legal

    total $1,120 · management and general $1,120

  • 11c · Fees: accounting

    total $3,436 · management and general $3,436

  • 11f · Fees: investment management

    total $23,155 · management and general $23,155

  • 11g · Fees: other

    total $108 · management and general $108

  • 23 · Insurance

    total $1,310 · management and general $1,310

  • 24a · Other expenses: POSTAGE

    total $283 · management and general $283

  • 24b · Other expenses: BANK FEES

    total $6 · management and general $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,480 · end of year $13,252

  • 11 · Investments: publicly traded securities

    beginning of year $4,328,505 · end of year $3,622,838

  • 27 · Net assets without donor restrictions

    beginning of year $4,347,985 · end of year $3,636,090

Mission and programs · 2022

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS IN ORDER TO PROMOTE, ASSIST, DEVELOP, SPONSOR AND SUPERVISE PROGRAMS GENERALLY PROMOTING YOUTH SPORTS WITHIN THE FAIRBANKS NORTH STAR BOROUGH, AND THEREBY SUPPORT THE FAIRBANKS NORTH STAR BOROUGH PARKS & RECREATION DEPARTMENT.

Activities or mission (Part I)

TO PROMOTE, ASSIST, DEVELOP, SPONSOR AND SUPERVISE PROGRAMS GENERALLY PROMOTING YOUTH SPORTS WITHIN THE FAIRBANKS NORTH STAR BOROUGH.

  • TANANA VALLEY YOUTH SPORTS FOUNDATION, INC. WAS FORMED FOR THE PURPOSE OF MAKING DISTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS IN ORDER TO PROMOTE, ASSIST, DEVELOP, SPONSOR AND SUPERVISE PROGRAMS GENERALLY PROMOTING YOUTH SPORTS WITHIN THE FAIRBANKS NORTH STAR BOROUGH, AND THEREBY SUPPORT THE FAIRBANKS NORTH STAR BOROUGH PARKS & RECREATION DEPARTMENT.

    Expenses $177,000 · Grants $177,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JIM DIERINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENT KARNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LANCE PARRISH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAMONA REEVES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ROXANNE RIGO

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KARL KASSEL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DONNIE HAYES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY WILKEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SYDNEY MORGAN

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349318115

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