Form 990 for tax year 2023
Filed by PRESIDENTS COUNCIL FOUNDATION INC.
Totals
- Total revenue
- $693,263
- Total expenses
- $594,094
- Contributions and grants received
- $693,263
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,057,028
- Total liabilities, end of year
- $466,895
- Net assets or fund balances, end of year
- $590,133
- Program services expenses (Part IX)
- $594,094
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $594,094
Program services were 100.0% 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.
-
1e · Government grants (contributions)
$616,750
-
1f · All other contributions, gifts and grants
$76,513
Functional expenses
Part IX, the statement of functional expenses.
-
9 · Other employee benefits
total $21,650 · program services $21,650
-
10 · Payroll taxes
total $252,617 · program services $252,617
-
11c · Fees: accounting
total $14,842 · program services $14,842
-
11g · Fees: other
total $29,810 · program services $29,810
-
12 · Advertising and promotion
total $5,992 · program services $5,992
-
13 · Office expenses
total $4,846 · program services $4,846
-
14 · Information technology
total $6,191 · program services $6,191
-
16 · Occupancy
total $24,686 · program services $24,686
-
17 · Travel
total $8,619 · program services $8,619
-
22 · Depreciation, depletion and amortization
total $1,756 · program services $1,756
-
23 · Insurance
total $5,425 · program services $5,425
-
24a · Other expenses: PROGRAM EXPENSES
total $55,709 · program services $55,709
-
24b · Other expenses: PROFESSIONAL FEES
total $49,639 · program services $49,639
-
24c · Other expenses: TOTAL EVENT EXPENSES
total $44,651 · program services $44,651
-
24d · Other expenses: PC SCHOLARS
total $67,661 · program services $67,661
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $340,445 · end of year $149,216
-
4 · Accounts receivable
beginning of year $845,000 · end of year $462,500
-
9 · Prepaid expenses and deferred charges
end of year $280,389
-
15 · Other assets
beginning of year $164,923 · end of year $164,923
-
17 · Accounts payable and accrued expenses
beginning of year $13,960 · end of year $29,040
-
24 · Unsecured notes and loans payable
end of year $437,855
-
27 · Net assets without donor restrictions
beginning of year $1,307,204 · end of year $590,133
-
28 · Net assets with donor restrictions
beginning of year $29,204
Mission and programs · 2023
Mission
AS A CATALYST OF INCLUSION THE PRESIDENTS COUNCIL SUPPORT, DEVELOPS & ADVOCATES FOR ITS REGIONS CURRENT AND FUTURE GENERATIONS
-
ACTING AS A CATALYST FOR INCLUSION, THE PRESIDENTS COUNCIL SUPPORTS DEVELOPS AND ADVOCATES FOR OUR REGIONS CURRENT AND FUTURE GENERATIONS OF AFRICAN AMERICAN ENTREPRENUERS AND LEADERS
Expenses $594,094
As filed on the 2023 return.
Listed in Part VII
-
Necole CumberlanderNECOLE CUMBERLANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
N Michael ObiN MICHAEL OBI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael W BowenMICHAEL W BOWEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas WaltermireTHOMAS WALTERMIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jamie WarderJAMIE WARDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Larese PurnellLARESE PURNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Joseph ChubbJOSEPH CHUBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Terrell DillardTERRELL DILLARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Richard C PerryRICHARD C PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Suzzanne MiklosSUZZANNE MIKLOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ariane KirkpatrickARIANE KIRKPATRICK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brian E HallBRIAN E HALL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eddie Taylor JrEDDIE TAYLOR JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mark WilliamsMARK WILLIAMS
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tameka TaylorTAMEKA TAYLOR
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349322647
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