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Nonprofiteer
← PALM BEACH COUNTY LITERACY COALITION FOUNDATION INC

Form 990 for tax year 2022

Filed by PALM BEACH COUNTY LITERACY COALITION FOUNDATION INC.

Totals

Total revenue
$52,742
Total expenses
$12,269
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$52,742
Other revenue
$0
Total assets, end of year
$2,125,850
Total liabilities, end of year
$1,775
Net assets or fund balances, end of year
$2,124,075
Program services expenses (Part IX)
$0
Management and general expenses
$12,269
Fundraising expenses
$0
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.

  • 3 · Investment income

    total $75,687 · excluded $75,687

  • 7a · Gross sales of assets other than inventory

    securities $887,982

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

    securities $910,927

  • 7c · Gain or loss

    securities -$22,945

  • 7d · Net gain or loss

    total -$22,945 · excluded -$22,945

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,775 · management and general $1,775

  • 11f · Fees: investment management

    total $10,494 · management and general $10,494

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $1,919,794 · end of year $2,125,850

  • 17 · Accounts payable and accrued expenses

    end of year $1,775

  • 27 · Net assets without donor restrictions

    beginning of year $1,400,054 · end of year $1,548,556

  • 28 · Net assets with donor restrictions

    beginning of year $519,740 · end of year $575,519

Mission and programs · 2022

Mission

The Organization's mission is to provide support for the Palm Beach County Literacy Coalition, Inc.

  • Manages investment account.

As filed on the 2022 return.

Listed in Part VII

  • Kristin Calder

    President

    Total calculated
    $220,788
    From this org
    $213,953
    From related orgs
    $0
    Other
    $6,835
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $186,703
    Bonus
    $27,250
    Other
    $0
    Deferred
    $6,835
    Nontaxable benefits
    $0
    Filer's total
    $220,788

  • David Stopkoski

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Michele Burka

    Director

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • Nicole Rocco

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

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. 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Part I, Line 3
The supported organization establishes officer compensation by: 1. Compensation committee 2. Form 990 from other organizations 3. Compensation survey study 4. Approval by board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 March 2024
IRS schema version
2022v5.0
Source object
202410679349301301

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