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Nonprofiteer
← PS I LOVE YOU MINISTRIES

Form 990 for tax year 2023

Filed by PS I LOVE YOU MINISTRIES.

Totals

Total revenue
$909,892
Total expenses
$814,900
Contributions and grants received
$907,846
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$2,046
Total assets, end of year
$671,208
Total liabilities, end of year
$132,764
Net assets or fund balances, end of year
$538,444
Program services expenses (Part IX)
$768,309
Management and general expenses
$19,569
Fundraising expenses
$27,022
Program service expenses (Part III)
$768,309

Program services were 94.3% 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.

  • 1c · Fundraising events

    $26,681

  • 1f · All other contributions, gifts and grants

    $881,165

  • 1g · Noncash contributions included above

    $442,954

  • 8a · Fundraising events: gross income

    $5,979

  • 8a · Fundraising events: contributions included on line 1c

    $26,681

  • 8b · Fundraising events: direct expenses

    $3,933

  • 8c · Net income from fundraising events

    total $2,046 · excluded $2,046

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $46,108 · program services $34,581 · management and general $4,611 · fundraising $6,916

  • 7 · Other salaries and wages

    total $115,861 · program services $108,096 · fundraising $7,765

  • 10 · Payroll taxes

    total $12,408 · program services $7,817 · management and general $2,606 · fundraising $1,985

  • 11c · Fees: accounting

    total $4,685 · management and general $4,685

  • 11g · Fees: other

    total $52 · management and general $52

  • 12 · Advertising and promotion

    total $862 · management and general $862

  • 13 · Office expenses

    total $3,204 · program services $1,816 · management and general $536 · fundraising $852

  • 14 · Information technology

    total $3,479 · program services $507 · management and general $2,501 · fundraising $471

  • 20 · Interest

    total $4,701 · program services $4,271 · management and general $430

  • 22 · Depreciation, depletion and amortization

    total $13,272 · program services $13,272

  • 23 · Insurance

    total $5,398 · program services $3,506 · management and general $1,892

  • 24a · Other expenses: ITEMS GIVEN OUT-PROGRAM

    total $533,407 · program services $533,407

  • 24b · Other expenses: PROGRAM SUPPORT

    total $41,826 · program services $41,826

  • 24c · Other expenses: UTILITIES

    total $16,837 · program services $15,443 · management and general $1,394

  • 24d · Other expenses: MISCELLANEOUS

    total $12,800 · program services $3,767 · fundraising $9,033

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $247,078 · end of year $278,346

  • 10a · Land, buildings and equipment: cost or other basis

    $431,430

  • 10b · Land, buildings and equipment: accumulated depreciation

    $38,568

  • 10c · Land, buildings and equipment, net

    beginning of year $320,801 · end of year $392,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,662 · end of year $11,058

  • 23 · Secured mortgages and notes payable

    beginning of year $117,237 · end of year $114,409

  • 25 · Other liabilities

    beginning of year $2,528 · end of year $7,297

  • 27 · Net assets without donor restrictions

    beginning of year $423,452 · end of year $518,444

  • 28 · Net assets with donor restrictions

    beginning of year $20,000 · end of year $20,000

Mission and programs · 2023

Mission

PROVIDE LOCAL SUPPORT OF FOSTER FAMILIES AND CHILDREN IN SPARTANBURG COUNTY, SC

  • PROVIDE SUPPORT TO FOSTER FAMILIES AND RAISE COMMUNITY AWARNESS

    Expenses $768,309

As filed on the 2023 return.

Listed in Part VII

  • Kay Kirby

    EXECUTIVE DIRECTOR

    Total calculated
    $46,108
    From this org
    $46,108
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cindy Lathan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tom Ariail

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sabrina Coley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Kyle Henry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Angie Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Heather Colburn

    TREASURER

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 June 2024
IRS schema version
2023v5.1
Source object
202401769349301020

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