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Nonprofiteer
← THE TONEY FOUNDATION

Form 990 for tax year 2024

Filed by THE TONEY FOUNDATION.

Totals

Total revenue
$10,000
Total expenses
$2,690
Contributions and grants received
$10,000
Grants paid
$2,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$31,268
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$31,268
Program services expenses (Part IX)
$2,000
Management and general expenses
$690
Fundraising expenses
$0
Program service expenses (Part III)
$2,000

Program services were 74.3% 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

    $10,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 11c · Fees: accounting

    total $690 · management and general $690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,958 · end of year $31,268

  • 27 · Net assets without donor restrictions

    beginning of year $23,958 · end of year $31,268

Mission and programs · 2024

Mission

PLAN, ORGANIZE AND HOST AN ANNUAL GOLF EVENT TO RAISE FUNDS FOR CHARITABLE PURPOSES. NET PROCEEDS FROM THE GOLF EVENT WILL BE DISTRIBUTED TO EDUCATIOINAL ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE TO FUND SCHOLARSHIPS.

  • CONTRIBUTION OF 1,000 TO THE WAYNE MCLAIN PIPELINE A 501C ENTITY PROVIDING MENTORSHIP, FITNESS AND TUTORING TO UNDERSERVED YOUTH. CONTRIBUTION OF 1,000 TO FRIENDS OF THE CHILDREN DETROIT A 501C ORGANIZATION SERVING HARDSHIP CHILDREN WITH MENTORING, COUNSELING AND TUTORING.

    Expenses $2,000 · Grants $2,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frederiek Toney

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
11 July 2025
IRS schema version
2024v5.0
Source object
202531929349301128

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