Form 990 for tax year 2025
Filed by KIWANIS FOUNDATION OF TOPSAIL ISLAN D AREA INC.
Totals
- Total revenue
- $24,889
- Total expenses
- $28,898
- Contributions and grants received
- $11,801
- Grants paid
- $26,500
- Program service revenue
- $0
- Investment income
- $13,088
- Other revenue
- $0
- Total assets, end of year
- $551,301
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $551,301
- Program services expenses (Part IX)
- $26,500
- Management and general expenses
- $2,398
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $26,500
Program services were 91.7% 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.
-
1c · Fundraising events
$8,206
-
1f · All other contributions, gifts and grants
$3,595
-
3 · Investment income
total $9,937 · unrelated business $0 · excluded $9,937
-
7a · Gross sales of assets other than inventory
securities $3,151
-
7c · Gain or loss
securities $3,151
-
7d · Net gain or loss
total $3,151 · related or exempt $0 · unrelated business $0 · excluded $3,151
-
8a · Fundraising events: contributions included on line 1c
$8,206
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $17,500 · program services $17,500
-
2 · Grants to domestic individuals
total $9,000 · program services $9,000
-
11c · Fees: accounting
total $500 · program services $0 · management and general $500 · fundraising $0
-
11f · Fees: investment management
total $1,795 · program services $0 · management and general $1,795 · fundraising $0
-
13 · Office expenses
total $103 · program services $0 · management and general $103 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,786 · end of year $42,174
-
12 · Investments: other securities
beginning of year $494,305 · end of year $509,127
-
31 · Retained earnings, endowment or other funds
beginning of year $512,091 · end of year $551,301
Mission and programs · 2025
Mission
TO RAISE FUNDS TO HELP SUPPORT THE MISSION OF THE KIWANIS CLUB OF TOPSAIL ISLAND AREA
-
AWARDED SCHOLARSHIPS TO LOCAL STUDENTS & COLLEGES. THESE SCHOLARSHIPS RECOGNIZE ACADEMIC ACHEIVENMENT AND SERVICE.
Expenses $15,000 · Grants $15,000
-
KAY KIDS PROGRAM, WE PROVIDE FUNDS TO SCHOOLS TO PURCHASE ITEMS NEEDED BY THE TEACHERS THAT THE SCHOOLS DONT PROVIDE
Expenses $5,000 · Grants $5,000
-
SUPPORTING LOCAL PROJECTS
Expenses $6,500 · Grants $6,500
As filed on the 2025 return.
Listed in Part VII
-
JOHN BURKE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
LISA BROWN
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
JOHN PATRIZI
SECRETARY/VP
- Total calculated
- $0
- Hours/week
- 0
-
DON SHADWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
BUDDY FOWLER
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
-
$10,500
FUND LOCAL SCHOOLS TO PURCHASE SUPPLIES NOT PROVIDED
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 22 April 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611289349300541
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