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← BOLEY FOUNDATION INC C/O BOLEY CENTERS INC

Form 990 for tax year 2022

Filed by BOLEY FOUNDATION INC C/O BOLEY CENTERS INC.

Totals

Total revenue
$71,464
Total expenses
$9,813
Contributions and grants received
$23,067
Grants paid
$0
Program service revenue
$0
Investment income
$52,512
Other revenue
-$4,115
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$6,966
Fundraising expenses
$2,847
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $19,632

  • 1f · All other contributions, gifts and grants

    $3,435

  • 3 · Investment income

    total $52,414 · excluded $52,414

  • 7a · Gross sales of assets other than inventory

    securities $25,000

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

    securities $24,902

  • 7c · Gain or loss

    securities $98

  • 7d · Net gain or loss

    total $98 · related or exempt $98

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

    $19,632

  • 8b · Fundraising events: direct expenses

    $4,115

  • 8c · Net income from fundraising events

    total -$4,115

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,600 · management and general $2,600

  • 11f · Fees: investment management

    total $406 · management and general $406

  • 13 · Office expenses

    total $6,807 · management and general $3,960 · fundraising $2,847

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $303,784

  • 11 · Investments: publicly traded securities

    beginning of year $3,435,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,091

  • 25 · Other liabilities

    beginning of year $57,784

  • 27 · Net assets without donor restrictions

    beginning of year $3,677,009

Mission and programs · 2022

Mission

TO SUPPORT THE PROGRAMS OF BOLEY CENTERS, INC

  • TO SUPPORT THE PROGRAMS OF BOLEY CENTERS, INC.

As filed on the 2022 return.

Listed in Part VII

  • Rutland Bussey

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 12 related

  • Martin Lott

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 12 related

  • Paul Misiewicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 12 related

  • Leonard Coley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 12 related

  • Sandara Incorvia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 12 related

  • Markus Mittermayr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 12 related

  • Gary Macmath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Marrone

    CEO

    Total calculated
    $166,504
    From this org
    $0
    From related orgs
    $151,367
    Other
    $15,137
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $151,367 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $15,137 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $166,504 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

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.

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.

  • SUPPORT FOR ADMIN SERVICES INC

    SEE NOTES · FL

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $3,836,439. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202333149349302833

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