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Nonprofiteer
← GOLDEN STRING INC

Form 990 for tax year 2023

Filed by GOLDEN STRING INC.

Totals

Total revenue
$1,001,823
Total expenses
$525,393
Contributions and grants received
$594,291
Grants paid
$0
Program service revenue
$376,098
Investment income
$0
Other revenue
$31,434
Total assets, end of year
$2,634,200
Total liabilities, end of year
$132,226
Net assets or fund balances, end of year
$2,501,974
Program services expenses (Part IX)
$389,075
Management and general expenses
$136,318
Fundraising expenses
$0
Program service expenses (Part III)
$389,075

Program services were 74.1% 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

    $594,291

  • 2a · Program service revenue: PROGRAM REVENUE

    total $376,098 · related or exempt $376,098

  • 8a · Fundraising events: gross income

    $100,814

  • 8b · Fundraising events: direct expenses

    $69,380

  • 8c · Net income from fundraising events

    total $31,434 · excluded $31,434

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $187,669 · program services $158,613 · management and general $29,056

  • 10 · Payroll taxes

    total $18,835 · program services $15,919 · management and general $2,916

  • 11c · Fees: accounting

    total $26,170 · management and general $26,170

  • 12 · Advertising and promotion

    total $36,851 · management and general $36,851

  • 13 · Office expenses

    total $2,206 · management and general $2,206

  • 16 · Occupancy

    total $4,134 · program services $4,134

  • 20 · Interest

    total $4,874 · management and general $4,874

  • 22 · Depreciation, depletion and amortization

    total $30,022 · program services $22,016 · management and general $8,006

  • 23 · Insurance

    total $6,429 · management and general $6,429

  • 24a · Other expenses: LUNCH BUCKET

    total $86,711 · program services $86,711

  • 24b · Other expenses: RENT

    total $63,499 · program services $63,499

  • 24c · Other expenses: CONTRACTED SERVICES

    total $13,000 · program services $13,000

  • 24d · Other expenses: BOWLING AND MOVIE NIGHT

    total $12,113 · program services $12,113

  • 24e · All other expenses

    total $32,880 · program services $13,070 · management and general $19,810

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $192,392 · end of year $276,348

  • 4 · Accounts receivable

    beginning of year $25,290 · end of year $16,692

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

    $3,098,839

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

    $757,679

  • 10c · Land, buildings and equipment, net

    beginning of year $1,745,618 · end of year $2,341,160

  • 15 · Other assets

    beginning of year $100,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,756 · end of year $132,226

  • 27 · Net assets without donor restrictions

    beginning of year $1,665,824 · end of year $2,000,605

  • 28 · Net assets with donor restrictions

    beginning of year $359,720 · end of year $501,369

Mission and programs · 2023

Mission

TO ENHANCE THE QUALITY OF LIFE FOR OUR FRIENDS WITH DISABLITIES IN OUR SURROUNDING COMMUNITIES. OUR GOAL IS TO HELP ADULTS AND CHILDREN WITH DISABILITIES TO REALIZE THEIR FULLEST POTENTIAL BY OFFERING SOCIALIZATION, RECREATION AND COMMUNITY BASED ACTIVITIES THROUGHOUT THE MAHONING VALLEY.

  • COUNSELING - PROVIDES COUNSELING AND TRAINING FOR PARENTS AND ADVOCATES TO ULTIMATELY HELP THEM AND THEIR CHILDREN LEAD A BETTER QUALITY OF LIFE.

    Expenses $389,075 · Revenue $376,098

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Blasko

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dini Ricchiuti

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jerry Depascale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Joanne Franks

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Luke Liguore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gina Pastella

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Megan Gambrel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James F Sutman

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    10

  • Jill Perencevic

    ASSISTANT EXECUTIVE DIRECT

    Total calculated
    $0
    Hours/week
    10

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
25 June 2024
IRS schema version
2023v5.1
Source object
202411809349300626

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