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Nonprofiteer
← ACHIEVEMENT CENTER ENDOWMENT FUND INC

Form 990 for tax year 2022

Filed by ACHIEVEMENT CENTER ENDOWMENT FUND INC.

Totals

Total revenue
$319,876
Total expenses
$314,689
Contributions and grants received
$0
Grants paid
$160,000
Program service revenue
$113,280
Investment income
$62,094
Other revenue
$144,502
Total assets, end of year
$7,678,361
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,678,361
Program services expenses (Part IX)
$300,082
Management and general expenses
$14,607
Fundraising expenses
$0
Program service expenses (Part III)
$300,082

Program services were 95.4% 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.

  • 2a · Program service revenue: RENT FROM WAC

    total $113,280 · excluded $113,280

  • 3 · Investment income

    total $31,891 · excluded $31,891

  • 7a · Gross sales of assets other than inventory

    other assets $100,359

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

    other assets $70,156

  • 7c · Gain or loss

    other assets $30,203

  • 7d · Net gain or loss

    total $30,203 · related or exempt -$20,156 · excluded $50,359

  • 11a · Other revenue: OTHER INCOME

    total $144,502 · excluded $144,502

  • 11e · Other revenue, total

    $144,502

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $160,000 · program services $160,000

  • 11b · Fees: legal

    total $30 · management and general $30

  • 11c · Fees: accounting

    total $6,250 · management and general $6,250

  • 11f · Fees: investment management

    total $36,337 · program services $36,337

  • 11g · Fees: other

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

  • 22 · Depreciation, depletion and amortization

    total $73,596 · program services $73,596

  • 24a · Other expenses: BUILDING/GROUNDS MAINTENA

    total $30,149 · program services $30,149

  • 24b · Other expenses: LIABILITY INSURANCE

    total $827 · management and general $827

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $126,297 · end of year $56,481

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

    $3,572,629

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

    $2,382,140

  • 10c · Land, buildings and equipment, net

    beginning of year $1,156,537 · end of year $1,190,489

  • 11 · Investments: publicly traded securities

    beginning of year $6,022,924 · end of year $6,431,391

  • 27 · Net assets without donor restrictions

    beginning of year $7,305,758 · end of year $7,678,361

Mission and programs · 2022

Mission

LEASING PROPERTY & EQUIPMENT TO OTHER NOT-FOR-PROFIT

  • TO PROVIDE SERVICES & BENEFITS TO A NOT-FOR-PROFIT ENTITY BY LEASING PROPERTY & EQUIPMENT AND PROVIDING CAPITAL SUPPORT

    Expenses $270,630 · Grants $160,000 · Revenue $113,280

  • TO PROVIDE SERVICES & BENEFITS TO OTHER NOT-FOR-PROFIT ENTITIES BY LEASING PROPERTY & EQUIPMENT AND PROVIDING CAPITAL SUPPORT

    Expenses $29,452

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

Listed in Part VII

  • Tiffany Cole

    DIRECTOR

    Total calculated
    $0

  • Frank Gersich

    CHAIRPERSON

    Total calculated
    $0

  • Stan Jenks

    DIRECTOR

    Total calculated
    $0

  • Scott McClintock

    TREASURER

    Total calculated
    $0

  • Lynn McVey

    SECRETARY

    Total calculated
    $0

  • Donna Scott

    DIRECTOR

    Total calculated
    $0

  • Amy Thompson

    VICE CHAIRPE

    Total calculated
    $0

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
24 December 2023
IRS schema version
2022v5.0
Source object
202420189349301212

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