Form 990 for tax year 2023
Filed by BOYS AND GIRLS CLUB OF VERNON TEXAS ENDOWMENT FUND INC.
Totals
- Total revenue
- $16,054
- Total expenses
- $400
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $8,222
- Other revenue
- $7,832
- Total assets, end of year
- $1,984,135
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,984,135
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $400
- 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 $47,381 · related or exempt $47,381
-
7a · Gross sales of assets other than inventory
securities $393,199
-
7b · Less cost or other basis and sales expenses
securities $432,358
-
7c · Gain or loss
securities -$39,159
-
7d · Net gain or loss
total -$39,159 · related or exempt -$39,159
-
11a · Other revenue: Dividends Receivable
total $7,832 · related or exempt $7,832
-
11e · Other revenue, total
$7,832
Functional expenses
Part IX, the statement of functional expenses.
-
24a · Other expenses: Fiduciary Fees
total $300 · management and general $300
-
24b · Other expenses: Federated Expense
total $100 · management and general $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $236,553 · end of year $284,605
-
11 · Investments: publicly traded securities
beginning of year $1,731,927 · end of year $1,699,530
-
29 · Capital stock, trust principal or current funds
beginning of year $1,968,480 · end of year $1,984,135
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
To raise funds to provide support to Boys and Girls Club of Vernon, TX
Activities or mission (Part I)
To provide an endwoment fund to generate investment income to be used to provied support for The Boys & Girls Club of Vernon, Texas.
-
Provide support funding for the Boys and Girls Club of Vernon, Texas.
As filed on the 2023 return.
Listed in Part VII
-
John T Truelove
President
- Total calculated
- $0
- Hours/week
- 5 + 5 related
-
Jan Hartin
Vice President
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Helen Willingham
Secretery
- Total calculated
- $0
- Hours/week
- 0 + 1 related
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
- 2023
- Filed
- 29 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431509349301148
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