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Nonprofiteer
← KAUFFMAN FASTTRAC INC

Form 990 for tax year 2022

Filed by KAUFFMAN FASTTRAC INC.

Totals

Total revenue
$345,395
Total expenses
$548,395
Contributions and grants received
$339,795
Grants paid
$0
Program service revenue
$5,600
Investment income
$0
Other revenue
$0
Total assets, end of year
$480,983
Total liabilities, end of year
$4,416
Net assets or fund balances, end of year
$476,567
Program services expenses (Part IX)
$534,510
Management and general expenses
$13,885
Fundraising expenses
$0
Program service expenses (Part III)
$534,510

Program services were 97.5% 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.

  • 1d · Related organizations

    $339,795

  • 2a · Program service revenue: APPLICATION FEES

    total $5,600 · related or exempt $5,600

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $12,858 · management and general $12,858

  • 14 · Information technology

    total $329,953 · program services $329,953

  • 22 · Depreciation, depletion and amortization

    total $204,557 · program services $204,557

  • 24a · Other expenses: DUES AND FEES

    total $1,027 · management and general $1,027

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $391,806 · end of year $8,139

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

    $1,293,791

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

    $820,947

  • 10c · Land, buildings and equipment, net

    beginning of year $287,761 · end of year $472,844

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $4,416

  • 27 · Net assets without donor restrictions

    beginning of year $679,567 · end of year $476,567

Mission and programs · 2022

Mission

DEVELOP AND DELIVER INNOVATIVE AND PROVEN EDUCATIONAL PROGRAMS THAT (1) HELP ENTREPRENEURS LEARN ABOUT LAUNCHING NEW VENTURES OR GROWING EXISTING ONES, AND (2) TRAIN SELF-SUFFICIENT AND THOUGHTFUL BUSINESS LEADERS.

Activities or mission (Part I)

DEVELOP AND DELIVER EDUC PROGRAMS THAT (1) HELP ENTREPRENEURS LEARN ABOUT LAUNCHING NEW VENTURES OR GROWING EXISTING ONES, AND (2) TRAIN SELF-SUFFICIENT AND THOUGHTFUL LEADERS.

  • SEE SCHEDULE O

    Expenses $534,510

As filed on the 2022 return.

Listed in Part VII

  • John Tyler

    BOARD MEMBER/SECRETARY

    Total calculated
    $567,636
    From this org
    $0
    From related orgs
    $524,894
    Other
    $42,742
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $471,005 related
    Bonus
    $0 + $6,778 related
    Other
    $0 + $47,111 related
    Deferred
    $0 + $40,500 related
    Nontaxable benefits
    $0 + $2,242 related
    Filer's total
    $0 + $567,636 related

  • Kristin Bechard

    BOARD MEMBER/TREASURER

    Total calculated
    $456,002
    From this org
    $0
    From related orgs
    $389,991
    Other
    $66,011
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,915 related
    Bonus
    $0 + $6,716 related
    Other
    $0 + $21,360 related
    Deferred
    $0 + $40,500 related
    Nontaxable benefits
    $0 + $25,511 related
    Filer's total
    $0 + $456,002 related

  • Philip Gaskin

    BOARD MEMBER/PRESIDENT

    Total calculated
    $434,434
    From this org
    $0
    From related orgs
    $382,451
    Other
    $51,983
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,496 related
    Bonus
    $0 + $7,098 related
    Other
    $0 + $15,857 related
    Deferred
    $0 + $40,500 related
    Nontaxable benefits
    $0 + $11,483 related
    Filer's total
    $0 + $434,434 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

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

No itemized grants to organizations 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
9 November 2023
IRS schema version
2022v5.0
Source object
202313189349307346

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