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Nonprofiteer
← I B H FOUNDATION INC

Form 990 for tax year 2022

Filed by I B H FOUNDATION INC.

Totals

Total revenue
$336,584
Total expenses
$838,484
Contributions and grants received
$4,877
Grants paid
$609,177
Program service revenue
$90,000
Investment income
$208,049
Other revenue
$33,658
Total assets, end of year
$17,780,292
Total liabilities, end of year
$644,853
Net assets or fund balances, end of year
$17,135,439
Program services expenses (Part IX)
$609,177
Management and general expenses
$229,307
Fundraising expenses
$0
Program service expenses (Part III)
$609,177

Program services were 72.7% 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

    $4,877

  • 2a · Program service revenue: RENTAL INCOME

    total $90,000 · related or exempt $90,000

  • 3 · Investment income

    total $333,666 · excluded $333,666

  • 5 · Royalties

    total $1,716 · excluded $1,716

  • 6a · Gross rents

    real property $31,994

  • 6b · Less rental expenses

    real property $52

  • 6c · Rental income or loss

    real property $31,942

  • 6d · Net rental income or loss

    total $31,942 · excluded $31,942

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

    securities $125,617

  • 7c · Gain or loss

    securities -$125,617

  • 7d · Net gain or loss

    total -$125,617 · excluded -$125,617

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $609,177 · program services $609,177

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 11f · Fees: investment management

    total $132,559 · management and general $132,559

  • 16 · Occupancy

    total $4,331 · management and general $4,331

  • 20 · Interest

    total $12,419 · management and general $12,419

  • 22 · Depreciation, depletion and amortization

    total $60,066 · management and general $60,066

  • 23 · Insurance

    total $1,426 · management and general $1,426

  • 24e · All other expenses

    total $11,006 · management and general $11,006

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $444,776 · end of year $206,145

  • 2 · Savings and temporary cash investments

    beginning of year $421,559 · end of year $279,790

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

    $3,793,301

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

    $1,189,975

  • 10c · Land, buildings and equipment, net

    beginning of year $2,663,392 · end of year $2,603,326

  • 11 · Investments: publicly traded securities

    beginning of year $799 · end of year $422,840

  • 12 · Investments: other securities

    beginning of year $17,153,477 · end of year $14,268,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $306,250 · end of year $352,043

  • 19 · Deferred revenue

    end of year $22,500

  • 23 · Secured mortgages and notes payable

    beginning of year $281,022 · end of year $270,310

  • 27 · Net assets without donor restrictions

    beginning of year $20,096,731 · end of year $17,135,439

Mission and programs · 2022

Mission

IBH FOUNDATION WAS FORMED IN 1988 EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL AND SCIENTIFIC PURPOSES. THIS INCLUDES THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS.

Activities or mission (Part I)

TO MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS

  • SUPPORT IBH ADDICTION RECOVERY, A NONPROFIT PROVIDER OF ADDICTION TREATMENT, DEDICATED TO SERVING THE INDIGENT POPULATION OF ITS COMMUNITY, THROUGH PROGRAM SUPPORT AND THE PURCHASE OF MAJOR FIXED ASSETS. ACTIVITY FOR 2022 INCLUDES BUT IS NOT LIMITED TO: 1) PROVIDE PROGRAM SUPPORT FOR AFTERCARE PROGRAMMING: IBH REACH PROGRAM 2) PROVIDE FINANCIAL SUPPORT FOR FACILITIES INCLUDING MAINTENANCE AND REPAIRS.

    Expenses $609,177 · Grants $609,177 · Revenue $90,000

As filed on the 2022 return.

Listed in Part VII

  • Mark Allio

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tim Killian

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Andrea Conti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mike Caprez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Frank Communale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Haskins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tony Panella

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Skidmore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Whiddon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dean H Sloane

    CFO/ADMINISTRATOR

    Total calculated
    $131,169
    From this org
    $0
    From related orgs
    $103,920
    Other
    $27,249
    Hours/week
    1 + 40 related

  • Jonathan Wylly

    EXECUTIVE DIRECTOR

    Total calculated
    $159,720
    From this org
    $0
    From related orgs
    $149,729
    Other
    $9,991
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,729 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,991 related
    Filer's total
    $0 + $159,720 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

  • 3 · Compensation survey or study

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

  • INTERVAL BROTHERHOOD HOMES INC

    $609,177

    SUPPORT IBH PROGRAMS

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
10 November 2023
IRS schema version
2022v5.0
Source object
202303149349301715

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