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← INTERNATIONAL DEBUTANTE BALL FOUNDATION INC

Form 990 for tax year 2022

Filed by INTERNATIONAL DEBUTANTE BALL FOUNDATION INC.

Totals

Total revenue
$793,324
Total expenses
$657,587
Contributions and grants received
$117,800
Grants paid
$32,538
Program service revenue
$675,500
Investment income
$24
Other revenue
$0
Total assets, end of year
$296,091
Total liabilities, end of year
$11,575
Net assets or fund balances, end of year
$284,516
Program services expenses (Part IX)
$359,167
Management and general expenses
$298,420
Fundraising expenses
$0
Program service expenses (Part III)
$359,167

Program services were 54.6% 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

    $117,800

  • 2a · Program service revenue: RECEIPTS FROM TICKETS

    total $675,500 · related or exempt $675,500

  • 3 · Investment income

    total $24 · related or exempt $24

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,538 · program services $32,538

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 13 · Office expenses

    total $257 · management and general $257

  • 16 · Occupancy

    total $18,000 · management and general $18,000

  • 21 · Payments to affiliates

    total $277,663 · management and general $277,663

  • 24a · Other expenses: BANQUET AND GRATUITIES

    total $105,288 · program services $105,288

  • 24b · Other expenses: RECEPTIONS AND HOSPITAL

    total $82,378 · program services $82,378

  • 24c · Other expenses: DECORATIONS

    total $52,126 · program services $52,126

  • 24d · Other expenses: ORCHESTRA

    total $29,022 · program services $29,022

  • 24e · All other expenses

    total $57,815 · program services $57,815

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,264 · end of year $179,993

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,854 · end of year $0

  • 15 · Other assets

    beginning of year $236,561 · end of year $116,098

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,500 · end of year $7,575

  • 19 · Deferred revenue

    beginning of year $480,400 · end of year $4,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $148,779 · end of year $284,516

Mission and programs · 2022

Mission

BI-ANNUAL BALL TO RAISE FUNDS TO SUPPORT INDENTIFIED 501 (C) (3) ORGANIZATIONS

  • BI-ANNUAL BALL TO RAISE FUNDS TO SUPPORT INDENTIFIED 501 (C) (3) ORGANIZATIONS

    Expenses $359,167 · Grants $32,538 · Revenue $675,524

As filed on the 2022 return.

Listed in Part VII

  • Gregory Hedberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Margaret Hedberg

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Stewart Hedberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Diane Rand Walman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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

  • FLORENCE ACADEMY OF ART

    $6,500

    GENERAL SUPPORT OF THE ORGANIZATION'S OPERATIONS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • INTERNATIONAL DEBUTANTE BALL INC

    C · PRODUCER, FUNDRAISER AND MANAGEMENT · NY

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431359349302413

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