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Nonprofiteer
← DC 35 MANAGEMENT INDUSTRY BETTERMENT FUND

Form 990 for tax year 2023

Filed by DC 35 MANAGEMENT INDUSTRY BETTERMENT FUND.

Totals

Total revenue
$2,430,672
Total expenses
$3,341,065
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,390,197
Investment income
$40,475
Other revenue
$0
Total assets, end of year
$834,143
Total liabilities, end of year
$393,688
Net assets or fund balances, end of year
$440,455
Program services expenses (Part IX)
$3,328,489
Management and general expenses
$12,576
Fundraising expenses
$0
Program service expenses (Part III)
$3,328,489

Program services were 99.6% 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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $2,390,197 · related or exempt $2,390,197

  • 3 · Investment income

    total $40,475 · excluded $40,475

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $389,244 · program services $389,244

  • 11c · Fees: accounting

    total $9,670 · management and general $9,670

  • 13 · Office expenses

    total $2,906 · management and general $2,906

  • 21 · Payments to affiliates

    total $2,517,304 · program services $2,517,304

  • 24a · Other expenses: ASSESSMENT FEES

    total $421,941 · program services $421,941

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,443,974 · end of year $606,839

  • 4 · Accounts receivable

    beginning of year $181,890 · end of year $191,336

  • 15 · Other assets

    beginning of year $25,100 · end of year $35,968

  • 17 · Accounts payable and accrued expenses

    beginning of year $275,016 · end of year $357,720

  • 25 · Other liabilities

    beginning of year $25,100 · end of year $35,968

  • 27 · Net assets without donor restrictions

    beginning of year $1,350,848 · end of year $440,455

Mission and programs · 2023

Mission

INDUSTRY BETTERMENT

  • TO PROMOTE BETTERMENT, SAFETY AND EMPLOYMENT OPPORTUNITIES

    Expenses $3,328,489 · Revenue $2,390,197

As filed on the 2023 return.

Listed in Part VII

  • Thomas Steeves

    CHAIRMAN

    Total calculated
    $4,400
    From this org
    $0
    From related orgs
    $4,400
    Other
    $0
    Hours/week
    10

  • Laurence Miller

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Matthew Soep

    TREASURER

    Total calculated
    $5,600
    From this org
    $0
    From related orgs
    $5,600
    Other
    $0
    Hours/week
    10

  • Thomas Gunning

    FUND ADMINISTRATOR

    Total calculated
    $4,800
    From this org
    $0
    From related orgs
    $4,800
    Other
    $0
    Hours/week
    10

  • Mark Kennedy

    TRUSTEE

    Total calculated
    $3,200
    From this org
    $0
    From related orgs
    $3,200
    Other
    $0
    Hours/week
    10

  • Richard Carver

    TRUSTEE

    Total calculated
    $0
    Hours/week
    10

  • Lee Sullivan

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    10

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

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349315044

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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