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Nonprofiteer
← SARAH BONWELL HUDGINS FOUNDATION INC

Form 990 for tax year 2022

Filed by SARAH BONWELL HUDGINS FOUNDATION INC.

Totals

Total revenue
$273,681
Total expenses
$572,307
Contributions and grants received
$12,045
Grants paid
$2,500
Program service revenue
$161,921
Investment income
$99,715
Other revenue
$0
Total assets, end of year
$6,206,422
Total liabilities, end of year
$195,385
Net assets or fund balances, end of year
$6,011,037
Program services expenses (Part IX)
$435,326
Management and general expenses
$136,981
Fundraising expenses
$0
Program service expenses (Part III)
$435,326

Program services were 76.1% 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

    $12,045

  • 2a · Program service revenue: COMPLEX RENTAL

    total $161,921 · related or exempt $161,921

  • 3 · Investment income

    total $44,512 · excluded $44,512

  • 7a · Gross sales of assets other than inventory

    securities $436,278

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

    securities $381,075

  • 7c · Gain or loss

    securities $55,203

  • 7d · Net gain or loss

    total $55,203 · excluded $55,203

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 5 · Compensation of officers, directors and key employees

    total $101,120 · program services $60,672 · management and general $40,448

  • 7 · Other salaries and wages

    total $28,766 · program services $17,260 · management and general $11,506

  • 9 · Other employee benefits

    total $4,160 · program services $2,496 · management and general $1,664

  • 10 · Payroll taxes

    total $12,321 · program services $6,917 · management and general $5,404

  • 11b · Fees: legal

    total $2,036 · program services $1,746 · management and general $290

  • 11c · Fees: accounting

    total $19,568 · program services $10,500 · management and general $9,068

  • 11f · Fees: investment management

    total $5,712 · program services $5,712

  • 20 · Interest

    total $8,696 · program services $6,141 · management and general $2,555

  • 22 · Depreciation, depletion and amortization

    total $196,726 · program services $186,890 · management and general $9,836

  • 23 · Insurance

    total $46,215 · program services $43,260 · management and general $2,955

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $59,307 · program services $32,120 · management and general $27,187

  • 24b · Other expenses: UTILITIES

    total $48,141 · program services $26,638 · management and general $21,503

  • 24c · Other expenses: CAMPERSHIPS AND RECREAT

    total $21,297 · program services $21,297

  • 24d · Other expenses: REAL ESTATE TAXES

    total $7,575 · program services $6,503 · management and general $1,072

  • 24e · All other expenses

    total $8,167 · program services $4,674 · management and general $3,493

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $466,732 · end of year $474,137

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

    $8,940,325

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

    $6,038,650

  • 10c · Land, buildings and equipment, net

    beginning of year $3,085,596 · end of year $2,901,675

  • 11 · Investments: publicly traded securities

    beginning of year $2,756,244 · end of year $2,825,142

  • 15 · Other assets

    beginning of year $5,232 · end of year $5,468

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,710 · end of year $3,821

  • 23 · Secured mortgages and notes payable

    beginning of year $192,828 · end of year $184,564

  • 25 · Other liabilities

    beginning of year $7,000 · end of year $7,000

  • 27 · Net assets without donor restrictions

    beginning of year $6,104,266 · end of year $6,011,037

Mission and programs · 2022

Mission

TO ENHANCE THE LIVES OF PEOPLE WITH MENTAL AND PHYSICAL DISABILITIES THROUGH DEVELOPMENT AND MAINTENANCE OF A CENTRALIZED 40 ACRE CAMPUS OF BUILDINGS LEASED TO APPROPRIATE SERVICE PROVIDERS.

  • DEPRECIATION AND MAINTENANCE ON FACILITIES USED AS A TRAINING AND REHABILITATION CENTER FOR MENTALLY DISABLED PERSONS.

    Expenses $435,326 · Grants $2,500 · Revenue $161,921

As filed on the 2022 return.

Listed in Part VII

  • Jennifer Register

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Bagley Jr

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sarah Puckett

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul Babcock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Sullivan

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • George League

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald Swain

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kirk Wall

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Herbert Green

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Minkoff

    ASSOCIATE TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lorri Powers

    EXECUTIVE DIRECTOR

    Total calculated
    $101,122
    From this org
    $101,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2022
Filed
20 September 2023
IRS schema version
2022v5.0
Source object
202312639349301326

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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