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Nonprofiteer
← BAC SOUTHERN REGION VACATION FUND

Form 990 for tax year 2023

Filed by BAC SOUTHERN REGION VACATION FUND.

Totals

Total revenue
$1,677,404
Total expenses
$1,678,598
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,675,145
Investment income
$2,259
Other revenue
$0
Total assets, end of year
$735,604
Total liabilities, end of year
$551,662
Net assets or fund balances, end of year
$183,942
Program services expenses (Part IX)
$1,617,333
Management and general expenses
$61,265
Fundraising expenses
$0
Program service expenses (Part III)
$1,617,333

Program services were 96.4% 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.

  • 2a · Program service revenue: PARTICIPANT CONTRIBUTI

    total $1,675,145 · related or exempt $1,675,145

  • 3 · Investment income

    total $2,259 · related or exempt $2,259

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,387,175 · program services $1,387,175

  • 9 · Other employee benefits

    total $230,158 · program services $230,158

  • 11b · Fees: legal

    total $10,000 · management and general $10,000

  • 11c · Fees: accounting

    total $46,693 · management and general $46,693

  • 24a · Other expenses: INSURANCE

    total $3,155 · management and general $3,155

  • 24b · Other expenses: OFFICE SUPPLIES

    total $1,143 · management and general $1,143

  • 24c · Other expenses: BANK CHARGES

    total $274 · management and general $274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $296,424 · end of year $304,044

  • 2 · Savings and temporary cash investments

    beginning of year $327,389 · end of year $296,084

  • 4 · Accounts receivable

    beginning of year $162,968 · end of year $135,476

  • 17 · Accounts payable and accrued expenses

    beginning of year $601,645 · end of year $551,662

  • 28 · Net assets with donor restrictions

    beginning of year $185,136 · end of year $183,942

Mission and programs · 2023

Mission

VACATION TRUST FUND

  • SYSTEMATIC SAVINGS OF A PORTION OF PARTICIPANT WAGES TO BE AVAILABLE PERIODICALLY FOR THE PAYMENT OF VACATION EXPENSES

    Expenses $1,617,333

As filed on the 2023 return.

Listed in Part VII

  • Dave Frangione

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Adam Gibson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Glenn Kelly

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Phillip Husband

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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
1 May 2025
IRS schema version
2023v6.0
Source object
202501219349301645

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