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Nonprofiteer
← SUNSHINE ACRES CHILDRENS HOME CHARITABLE FOUNDATION INC

Form 990 for tax year 2022

Filed by SUNSHINE ACRES CHILDRENS HOME CHARITABLE FOUNDATION INC.

Totals

Total revenue
$2,854,815
Total expenses
$1,128,170
Contributions and grants received
$4,974
Grants paid
$1,000,000
Program service revenue
$0
Investment income
$2,849,841
Other revenue
$0
Total assets, end of year
$35,518,664
Total liabilities, end of year
$1,913,423
Net assets or fund balances, end of year
$33,605,241
Program services expenses (Part IX)
$1,000,000
Management and general expenses
$128,170
Fundraising expenses
$0
Program service expenses (Part III)
$1,000,000

Program services were 88.6% 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.

  • 1f · All other contributions, gifts and grants

    $4,974

  • 3 · Investment income

    total $902,693 · excluded $902,693

  • 7a · Gross sales of assets other than inventory

    securities $23,877,318

  • 7b · Less cost or other basis and sales expenses

    securities $21,930,170

  • 7c · Gain or loss

    securities $1,947,148

  • 7d · Net gain or loss

    total $1,947,148 · excluded $1,947,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,000,000 · program services $1,000,000

  • 11f · Fees: investment management

    total $100,211 · management and general $100,211

  • 11g · Fees: other

    total $550 · management and general $550

  • 13 · Office expenses

    total $161 · management and general $161

  • 23 · Insurance

    total $4,195 · management and general $4,195

  • 24a · Other expenses: FOREIGN TAX

    total $15,543 · management and general $15,543

  • 24b · Other expenses: OTHER

    total $7,510 · management and general $7,510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,717 · end of year $398,538

  • 11 · Investments: publicly traded securities

    beginning of year $33,652,446 · end of year $35,093,685

  • 15 · Other assets

    beginning of year $26,441 · end of year $26,441

  • 25 · Other liabilities

    beginning of year $1,913,423 · end of year $1,913,423

  • 27 · Net assets without donor restrictions

    beginning of year $28,568,343 · end of year $30,294,988

  • 28 · Net assets with donor restrictions

    beginning of year $3,198,838 · end of year $3,310,253

Mission and programs · 2022

Mission

MANAGE ORGANIZATION'S INVESTMENT PORTFOLIO TO PROVIDE FINANCIAL SUPPORT TO SUNSHINE ACRES CHILDREN'S HOME, INC. WHOSE PURPOSE IS TO PROMOTE THE WELFARE OF CHILDREN FACING CIRCUMSTANCES THREATENING THEIR PHYSICAL OR MENTAL HEALTH OR SAFETY.

  • PROVIDE OPERATING GRANTS TO SUNSHINE ACRES CHILDREN'S HOME.

    Expenses $1,000,000 · Grants $1,000,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Ronald Sandler

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Ronald Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Braunger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Baughman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John O'Hara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Humphrey

    PRESIDENT

    Total calculated
    $124,097
    From this org
    $0
    From related orgs
    $94,093
    Other
    $30,004
    Hours/week
    2 + 40 related

  • Jacque Burm

    SECRETARY

    Total calculated
    $42,754
    From this org
    $0
    From related orgs
    $40,050
    Other
    $2,704
    Hours/week
    1 + 32 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

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
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349317969

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