Form 990 for tax year 2023
Filed by ISLE OF PALMS COMMUNITY CORPORATION.
Totals
- Total revenue
- $140,852
- Total expenses
- $352,299
- Contributions and grants received
- $116,011
- Grants paid
- $338,705
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $24,841
- Total assets, end of year
- $110,598
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $110,598
- Program services expenses (Part IX)
- $338,705
- Management and general expenses
- $13,094
- Fundraising expenses
- $500
- Program service expenses (Part III)
- $338,705
Program services were 96.1% 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
$116,011
-
8a · Fundraising events: gross income
$42,890
-
8b · Fundraising events: direct expenses
$18,194
-
8c · Net income from fundraising events
total $24,696
-
11a · Other revenue: Other Income
total $145
-
11e · Other revenue, total
$145
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $327,530 · program services $327,530
-
2 · Grants to domestic individuals
total $11,175 · program services $11,175
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $11,975 · management and general $11,975
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $500 · fundraising $500
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Supplies
total $33 · management and general $33
-
24b · Other expenses: Postage
total $176 · management and general $176
-
24c · Other expenses: Miscellaneous
total $910 · management and general $910
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $169,585 · end of year $83,150
-
13 · Investments: program-related
beginning of year $152,460 · end of year $27,448
-
23 · Secured mortgages and notes payable
beginning of year $42,000
-
27 · Net assets without donor restrictions
beginning of year $280,045 · end of year $110,598
Mission and programs · 2023
Mission
The IOP Community Corporation serves as the non-profit charity associated with the IOP Exchange Club, supporting its mission of four programs of service Americanism, Child Abuse Prevention, Youth and Scholarships and Community Service.
Activities or mission (Part I)
The IOP Community Corporation serves as the non-profit charity associated with the IOP Exchange Club, supporting its mission of four programs of service Americanism, Child Abuse Prevention, Youth and Scholarships and Co
-
Americanism promotes pride in our country, appreciation for the freedoms granted to American citizens, and gratitude and support to the men and women who serve or have served in the Armed Forces. Americanism celebrates the countrys rich, unique heritage and inspires unity from coast to coast. The IOP Community Corporation specifically provides for homeless veterans, support for suicide prevention, scholarships for veterans, rent assistance and clothing, through various local agencies and hosts veterans groups at the IOP Exchange Club.
Expenses $25,712
-
Child Abuse Protection provides for 12 Child Abuse Agencies with financial grants funded by the IOP Connector Run, financial cash for needs also during the year, volunteers help clean facilities inside and out, Christmas, landscaping and landscaping during the year and volunteer at the various agency fundraisers. Provide child abuse prevention awareness through a Darkness to Light education session.
Expenses $14,918
-
Youth and Scholarships provides monetary support to youth sports teams Sponsored youth Baseball, Soccer leagues and Scouts Sunday lunch banquet and Awards Banquets. Also provides educational support through scholarships to 4 Youth of the Year recipients and 4 ACE recipients.
Expenses $20,425
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kitty Riley
Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Powers
Member
- Total calculated
- $0
- Hours/week
- 1
-
Dimi Matouchev
Member
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth Gillespie
President
- Total calculated
- $0
- Hours/week
- 1
-
Drew Ross
President of Exchange
- Total calculated
- $0
- Hours/week
- 1 + 10 related
-
Scott Toole
President Elect
- Total calculated
- $0
- Hours/week
- 1
-
Kathy Shook
Treasurer
- 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
-
$147,453
Transfer of LENS from IOPCC to stand alone entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403599349301005
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