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Nonprofiteer
← COPPER NAIL

Form 990 for tax year 2022

Filed by COPPER NAIL.

Totals

Total revenue
$280,455
Total expenses
$275,710
Contributions and grants received
$0
Grants paid
$197,083
Program service revenue
$0
Investment income
$72
Other revenue
$280,383
Total assets, end of year
$679,487
Total liabilities, end of year
$200
Net assets or fund balances, end of year
$679,287
Program services expenses (Part IX)
$269,193
Management and general expenses
$6,517
Fundraising expenses
$0
Program service expenses (Part III)
$269,193

Program services were 97.6% 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.

  • 3 · Investment income

    total $72 · related or exempt $72

  • 10a · Gross sales of inventory

    $280,383

  • 10c · Net income from sales of inventory

    total $280,383 · related or exempt $280,383

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $197,083 · program services $197,083

  • 11c · Fees: accounting

    total $3,750 · management and general $3,750

  • 11g · Fees: other

    total $850 · program services $850

  • 12 · Advertising and promotion

    total $10,920 · program services $10,920

  • 16 · Occupancy

    total $14,784 · program services $14,784

  • 22 · Depreciation, depletion and amortization

    total $16,505 · program services $16,505

  • 23 · Insurance

    total $2,864 · program services $2,864

  • 24a · Other expenses: Business License & Fees

    total $30 · management and general $30

  • 24b · Other expenses: Postage

    total $893 · program services $893

  • 24c · Other expenses: Bank FeesCredit Card Fees

    total $3,667 · program services $3,667

  • 24d · Other expenses: Supplies

    total $7,576 · program services $4,969 · management and general $2,607

  • 24e · All other expenses

    total $16,788 · program services $16,658 · management and general $130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,511 · end of year $174,010

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

    $656,704

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

    $151,227

  • 10c · Land, buildings and equipment, net

    beginning of year $518,569 · end of year $505,477

  • 17 · Accounts payable and accrued expenses

    end of year $200

  • 25 · Other liabilities

    beginning of year $19

  • 27 · Net assets without donor restrictions

    beginning of year $675,061 · end of year $679,287

Mission and programs · 2022

Mission

To provide financial support to local nonprofit organizations in the Grass Lake area in order to assist them in meeting their group goals. To achieve this mission we operate a community resale shop retailing items donated by the community.

  • The Copper Nail Commuity Resale Shop has provided more than $1,000,000 to various local nonprofit organizations and groups in the Grass Lake Area.

    Expenses $269,193

As filed on the 2022 return.

Listed in Part VII

  • Melvin Parker

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Christine Breed

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kerene Morrissey

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Sandra Wymer

    Vice Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Rees

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Diane Deboe

    President

    Total calculated
    $0
    Hours/week
    2

  • Maggie Morehouse

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Elizabeth Coppernoll

    Treasurer

    Total calculated
    $0
    Hours/week
    6

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
202322849349301537

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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