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Nonprofiteer
← RIGGS EMPLOYEES FUND

Form 990 for tax year 2023

Filed by RIGGS EMPLOYEES FUND.

Totals

Total revenue
$291,546
Total expenses
$275,198
Contributions and grants received
$288,229
Grants paid
$273,698
Program service revenue
$0
Investment income
$3,317
Other revenue
$0
Total assets, end of year
$236,163
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$236,163
Program services expenses (Part IX)
$273,698
Management and general expenses
$1,500
Fundraising expenses
$0
Program service expenses (Part III)
$273,698

Program services were 99.5% 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

    $288,229

  • 3 · Investment income

    total $3,317 · excluded $3,317

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $192,236 · program services $192,236

  • 2 · Grants to domestic individuals

    total $81,462 · program services $81,462

  • 11g · Fees: other

    total $1,500 · management and general $1,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $219,815 · end of year $236,163

  • 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 $219,815 · end of year $236,163

Mission and programs · 2023

Mission

MAKE CHARITABLE DONATIONS, PROVIDE SCHOLARSHIPS AND OTHER DONATIONS AS WELL AS PROVIDE EMPLOYEE HARDSHIP ASSISTANCE.

Activities or mission (Part I)

MAKE CHARITABLE DONATIONS, PROVIDE SCHOLARSHIPS AND PROVIDE EMPLOYEE HARDSHIP ASSISTANCE.

  • CHARITABLE CONTRIBUTIONS ARE MADE TO OTHER CHARITABLE ORGANIZATIONS AND CAUSES

    Expenses $192,236 · Grants $192,236

  • EMPLOYEE ASSISTANCE

    Expenses $39,017 · Grants $39,017

  • GRANTED EDUCATIONAL SCHOLARSHIPS

    Expenses $42,445 · Grants $42,445

As filed on the 2023 return.

Listed in Part VII

  • Michael Burks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Jason McDonald

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Justin Monroe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    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
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202411299349302101

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