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Nonprofiteer
← BETSEY MILLS CORPORATION

Form 990 for tax year 2022

Filed by BETSEY MILLS CORPORATION.

Totals

Total revenue
$1,058,914
Total expenses
$921,763
Contributions and grants received
$409,241
Grants paid
$0
Program service revenue
$505,017
Investment income
$11,100
Other revenue
$133,556
Total assets, end of year
$3,377,142
Total liabilities, end of year
$518,140
Net assets or fund balances, end of year
$2,859,002
Program services expenses (Part IX)
$722,488
Management and general expenses
$186,159
Fundraising expenses
$13,116
Program service expenses (Part III)
$722,488

Program services were 78.4% 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.

  • 1b · Membership dues

    $17,358

  • 1c · Fundraising events

    $7,937

  • 1e · Government grants (contributions)

    $357,901

  • 1f · All other contributions, gifts and grants

    $26,045

  • 2a · Program service revenue: DAYCARE

    total $505,017 · related or exempt $505,017

  • 3 · Investment income

    total $11,100 · related or exempt $11,100

  • 6a · Gross rents

    real property $133,556

  • 6c · Rental income or loss

    real property $133,556

  • 6d · Net rental income or loss

    total $133,556 · related or exempt $133,556

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

    $7,937

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $539,679 · program services $539,679

  • 9 · Other employee benefits

    total $1,068 · program services $1,068

  • 10 · Payroll taxes

    total $50,596 · program services $50,596

  • 11c · Fees: accounting

    total $5,472 · management and general $5,472

  • 11f · Fees: investment management

    total $6,060 · management and general $6,060

  • 12 · Advertising and promotion

    total $8,186 · program services $8,186

  • 13 · Office expenses

    total $6,704 · management and general $6,704

  • 20 · Interest

    total $9,000 · management and general $9,000

  • 23 · Insurance

    total $24,318 · management and general $24,318

  • 24a · Other expenses: SUPPLIESOPERATIONAL EXPENSE

    total $88,047 · program services $88,047

  • 24b · Other expenses: FUNDRAISING EXPENSES

    total $13,116 · fundraising $13,116

  • 24c · Other expenses: OCCCUPANCY

    total $82,684 · program services $13,617 · management and general $69,067

  • 24d · Other expenses: REPAIRSMAINTENANCE

    total $71,628 · program services $21,295 · management and general $50,333

  • 24e · All other expenses

    total $15,205 · management and general $15,205

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,036 · end of year $158,489

  • 4 · Accounts receivable

    beginning of year $29,322 · end of year $17,644

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,218 · end of year $53,218

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

    $2,803,472

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

    $365,702

  • 10c · Land, buildings and equipment, net

    beginning of year $2,254,305 · end of year $2,437,770

  • 15 · Other assets

    beginning of year $895,254 · end of year $710,021

  • 17 · Accounts payable and accrued expenses

    beginning of year -$1,173 · end of year $4,988

  • 25 · Other liabilities

    beginning of year $523,427 · end of year $513,152

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,863,881 · end of year $2,859,002

Mission and programs · 2022

Mission

OWNING AND OPERATING OF PROPERTY TO BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES, PROMOTING AND PROVIDING CHARITY THISA PROPERTY IS MAINTAINED AS A HISTORIC STRUCTURE AND USED AS A DORMITORY FOR NEEDY ADULT FEMALES AND FACILITY FOR PROMOTION OF CHARITY AND EDUCATION PROGRAMS

  • VARIOUS PROGRAMS INCLUDING DAYCARE, PRESCHOOL, SWIMMING, BALLET,CRAFTS, SUMMER CAMP, HOUSING FOR FEMALE ADULTS AND OTHER RELATED ACTIVITIES

    Expenses $722,488 · Revenue $638,583

As filed on the 2022 return.

Listed in Part VII

  • Kerry J Waddle

    EXECUTIVE DIRECTOR

    Total calculated
    $49,000
    From this org
    $49,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323209349303972

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