Totals
- Total revenue
- $492,332
- Total expenses
- $498,724
- Contributions and grants received
- $238,070
- Grants paid
- $430,000
- Program service revenue
- $0
- Investment income
- $254,262
- Other revenue
- $0
- Total assets, end of year
- $9,577,411
- Total liabilities, end of year
- $2,584
- Net assets or fund balances, end of year
- $9,574,827
- Program services expenses (Part IX)
- $430,000
- Management and general expenses
- $68,724
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $430,000
Program services were 86.2% 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
$238,070
-
3 · Investment income
total $234,566 · unrelated business $0 · excluded $234,566
-
7a · Gross sales of assets other than inventory
securities $19,696
-
7c · Gain or loss
securities $19,696
-
7d · Net gain or loss
total $19,696 · related or exempt $19,696 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $430,000 · program services $430,000
-
11c · Fees: accounting
total $12,615 · program services $0 · management and general $12,615 · fundraising $0
-
11f · Fees: investment management
total $50,828 · program services $0 · management and general $50,828 · fundraising $0
-
13 · Office expenses
total $745 · program services $0 · management and general $745 · fundraising $0
-
23 · Insurance
total $1,619 · program services $0 · management and general $1,619 · fundraising $0
-
24a · Other expenses: Miscellaneous Expense
total $2,917 · program services $0 · management and general $2,917 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $118,372 · end of year $4,686
-
3 · Pledges and grants receivable
beginning of year $4,311 · end of year $3,585
-
4 · Accounts receivable
end of year $4,812
-
9 · Prepaid expenses and deferred charges
beginning of year $625 · end of year $577
-
10a · Land, buildings and equipment: cost or other basis
$7,331
-
10b · Land, buildings and equipment: accumulated depreciation
$7,331
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $8,815,518 · end of year $9,563,751
-
17 · Accounts payable and accrued expenses
beginning of year $1,713 · end of year $2,584
-
27 · Net assets without donor restrictions
beginning of year $8,937,113 · end of year $9,574,827
Mission and programs · 2022
Mission
See Schedule O
-
The Island School Foundation is dedicated to the advancement of education of Boca Grande, FL. Supporting Community residents and workers employed by local businesses, and strives to create an endowment that will help fund the school's operation in perpetuity. In addition, the foundation strives to support other educational programs benefiting residents.
Expenses $430,000 · Grants $430,000 · Revenue $240,796
As filed on the 2022 return.
Listed in Part VII
-
Sam Campbell
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Brent Cross
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
John Edwardson
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Harry Haddad
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Tom Hofman
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Mary Johnston
Vice Chair
- Total calculated
- $0
- Hours/week
- 4
-
Candace Kendle
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Robert Knapp
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Mary Kountze
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Dennis Maloomian
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Elizabeth Rodriguez
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Brian Hogan
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Kathy Gregg
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Linda Allen
Trustee
- Total calculated
- $0
- Hours/week
- 4
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
-
$430,000
School Activities
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.
-
501c · School · FL
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313179349307246
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