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← INTERO FOUNDATION

Form 990 for tax year 2022

Filed by INTERO FOUNDATION.

Totals

Total revenue
$433,318
Total expenses
$154,324
Contributions and grants received
$406,500
Grants paid
$111,200
Program service revenue
$0
Investment income
$26,818
Other revenue
$0
Total assets, end of year
$1,968,702
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,968,702
Program services expenses (Part IX)
$111,200
Management and general expenses
$41,532
Fundraising expenses
$1,592
Program service expenses (Part III)
$111,200

Program services were 72.1% 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.

  • 1c · Fundraising events

    $5,426

  • 1f · All other contributions, gifts and grants

    $401,074

  • 1g · Noncash contributions included above

    $452

  • 3 · Investment income

    total $35,897 · unrelated business $0 · excluded $35,897

  • 7a · Gross sales of assets other than inventory

    securities $984,966

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

    securities $994,045

  • 7c · Gain or loss

    securities -$9,079

  • 7d · Net gain or loss

    total -$9,079 · related or exempt $0 · unrelated business $0 · excluded -$9,079

  • 8a · Fundraising events: contributions included on line 1c

    $5,426

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $111,200 · program services $111,200

  • 11c · Fees: accounting

    total $21,500 · program services $0 · management and general $21,500 · fundraising $0

  • 11f · Fees: investment management

    total $20,032 · program services $0 · management and general $20,032 · fundraising $0

  • 24a · Other expenses: FILING FEES

    total $100 · program services $0 · management and general $0 · fundraising $100

  • 24b · Other expenses: MERCHANT FEES

    total $1,492 · program services $0 · management and general $0 · fundraising $1,492

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $211,293 · end of year $338,324

  • 2 · Savings and temporary cash investments

    beginning of year $7,677 · end of year $7,749

  • 11 · Investments: publicly traded securities

    beginning of year $1,470,738 · end of year $1,622,629

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,689,708 · end of year $1,968,702

Mission and programs · 2022

Mission

Our mission is to positively impact the growth and well-being of children in the communities we serve. To do so, we raise and donate money to local organizations that focus on supporting and assisting children with education, health, and personal development.

  • INTERO FOUNDATION SEEKS TO POSITIVELY IMPACT THE WELL-BEING OF CHILDREN IN THE COMMUNITIES WE SERVE BY PROVIDING MONETARY SUPPORT TO OTHER LOCALLY BASED CHARITABLE ORGANIZATIONS.

    Expenses $111,200 · Grants $111,200

As filed on the 2022 return.

Listed in Part VII

  • Brian Crane

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • John Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vicki Ferrando

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephani Hicks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cecilia Crisotomo

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ana Maria Russo

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kraig Constantino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather Wang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    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

  • SEE ATTACHED LIST

    no cash amount reported

    SEE ATTACHED LIST

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333129349303378

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