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Nonprofiteer
← SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN

Form 990 for tax year 2022

Filed by SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN.

Totals

Total revenue
$3,346,136
Total expenses
$4,190,742
Contributions and grants received
$2,288,124
Grants paid
$475
Program service revenue
$818,008
Investment income
$22,196
Other revenue
$217,808
Total assets, end of year
$10,108,868
Total liabilities, end of year
$313,088
Net assets or fund balances, end of year
$9,795,780
Program services expenses (Part IX)
$3,577,003
Management and general expenses
$224,503
Fundraising expenses
$389,236
Program service expenses (Part III)
$3,577,003

Program services were 85.4% 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.

  • 1c · Fundraising events

    $311,438

  • 1f · All other contributions, gifts and grants

    $1,976,686

  • 1g · Noncash contributions included above

    $87,379

  • 2a · Program service revenue: CHILD CARE PROGRAM

    total $818,008 · related or exempt $818,008

  • 3 · Investment income

    total $8,735 · excluded $8,735

  • 6a · Gross rents

    real property $6,652

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,652

  • 6d · Net rental income or loss

    total $6,652 · excluded $6,652

  • 7a · Gross sales of assets other than inventory

    securities $69,447 · other assets $55,008

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

    securities $69,447 · other assets $41,547

  • 7c · Gain or loss

    securities $0 · other assets $13,461

  • 7d · Net gain or loss

    total $13,461 · related or exempt $13,461

  • 8a · Fundraising events: gross income

    $171,727

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

    $311,438

  • 8b · Fundraising events: direct expenses

    $3,633

  • 8c · Net income from fundraising events

    total $168,094 · excluded $168,094

  • 11a · Other revenue: OTHER INCOME

    total $43,062 · related or exempt $43,062

  • 11e · Other revenue, total

    $43,062

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $475 · program services $475

  • 7 · Other salaries and wages

    total $1,836,508 · program services $1,510,040 · management and general $90,407 · fundraising $236,061

  • 8 · Pension plan contributions

    total $150,496 · program services $111,594 · management and general $20,639 · fundraising $18,263

  • 9 · Other employee benefits

    total $165,093 · program services $113,971 · management and general $30,466 · fundraising $20,656

  • 10 · Payroll taxes

    total $153,004 · program services $115,824 · management and general $20,147 · fundraising $17,033

  • 11b · Fees: legal

    total $688 · management and general $688

  • 11c · Fees: accounting

    total $21,070 · management and general $21,070

  • 12 · Advertising and promotion

    total $2,881 · management and general $350 · fundraising $2,531

  • 16 · Occupancy

    total $265,408 · program services $263,669 · management and general $690 · fundraising $1,049

  • 17 · Travel

    total $34,132 · program services $5,372 · management and general $4,590 · fundraising $24,170

  • 22 · Depreciation, depletion and amortization

    total $508,658 · program services $508,658

  • 23 · Insurance

    total $331,060 · program services $329,200 · fundraising $1,860

  • 24a · Other expenses: SUPPLIES

    total $167,216 · program services $149,264 · management and general $5,483 · fundraising $12,469

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $152,864 · program services $152,864

  • 24c · Other expenses: FOOD CLOTHING & MEDICAL

    total $98,854 · program services $98,854

  • 24d · Other expenses: CONTRACT LABOR

    total $82,581 · program services $82,581

  • 24e · All other expenses

    total $219,754 · program services $134,637 · management and general $29,973 · fundraising $55,144

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $818,863 · end of year $551,813

  • 3 · Pledges and grants receivable

    beginning of year $135,345 · end of year $98,622

  • 4 · Accounts receivable

    beginning of year $5,000 · end of year $5,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,367 · end of year $21,161

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

    $14,059,805

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

    $4,880,999

  • 10c · Land, buildings and equipment, net

    beginning of year $9,595,006 · end of year $9,178,806

  • 12 · Investments: other securities

    beginning of year $165,989 · end of year $253,466

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,786 · end of year $209,595

  • 25 · Other liabilities

    beginning of year $75,821 · end of year $103,493

  • 27 · Net assets without donor restrictions

    beginning of year $10,615,230 · end of year $9,686,306

  • 28 · Net assets with donor restrictions

    beginning of year $10,733 · end of year $109,474

Mission and programs · 2022

Mission

TO PROVIDE CHILD CARE AND FOSTER CARE CHILD PLACEMENT

  • CHILD CARE AND FOSTER CARE CHILD PLACEMENT

    Expenses $3,577,003 · Grants $475 · Revenue $874,531

As filed on the 2022 return.

Listed in Part VII

  • Larry Pratt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phil Uhrhan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Smith

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jeff Jeffries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darla Doty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Blevins

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Earl Krieg Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clinton Nix

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Bo Cox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Terrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Herod

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debbie Giles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carole Patman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Krista Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lacy Barton

    VICE PRESIDENT

    Total calculated
    $106,614
    From this org
    $79,004
    From related orgs
    $0
    Other
    $27,610
    Hours/week
    1 + 40 related

  • Harriet Frazier

    VICE PRESIDENT

    Total calculated
    $99,210
    From this org
    $82,475
    From related orgs
    $0
    Other
    $16,735
    Hours/week
    1 + 40 related

  • Brawnson Oliver

    VICE PRESIDENT

    Total calculated
    $82,008
    From this org
    $65,132
    From related orgs
    $0
    Other
    $16,876
    Hours/week
    1 + 40 related

  • Doug Young

    PRESIDENT / CEO

    Total calculated
    $143,090
    From this org
    $113,468
    From related orgs
    $0
    Other
    $29,622
    Hours/week
    1 + 40 related

  • Glenn Newberry

    CHIEF DONOR RELATIONS OFFI

    Total calculated
    $120,501
    From this org
    $97,576
    From related orgs
    $0
    Other
    $22,925
    Hours/week
    1 + 40 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.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations 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
19 June 2024
IRS schema version
2022v5.0
Source object
202431769349301178

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