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Nonprofiteer
← BALLSTONGIVES INC

Form 990 for tax year 2022

Filed by BALLSTONGIVES INC.

Totals

Total revenue
$16
Total expenses
$3,821
Contributions and grants received
$16
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$85,971
Total liabilities, end of year
$108,176
Net assets or fund balances, end of year
-$22,205
Program services expenses (Part IX)
$3,424
Management and general expenses
$397
Fundraising expenses
$0
Program service expenses (Part III)
$3,424

Program services were 89.6% 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

    $16

Functional expenses

Part IX, the statement of functional expenses.

  • 12 · Advertising and promotion

    total $324 · program services $324

  • 13 · Office expenses

    total $397 · management and general $397

  • 24a · Other expenses: BANDS & BREWS

    total $3,100 · program services $3,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,088 · end of year $85,971

  • 4 · Accounts receivable

    beginning of year $264

  • 25 · Other liabilities

    beginning of year $104,752 · end of year $108,176

  • 27 · Net assets without donor restrictions

    beginning of year -$18,400 · end of year -$22,205

Mission and programs · 2022

Mission

THE MISSION OF THE BALLSTONGIVES, INC. IS TO SUPPORT THE CHARITABLE DEEDS OF THE BALLSTON BUSINESS IMPROVEMENT CORPORATION, WHICH SERVES THE GEOGRAPHICAL AREA OF THE BALLSTON NEIGHBORHOOD IN ARLINGTON, VIRGINIA THROUGH FUNDRAISING EVENTS SUCH AS QUARTERFEST.

Activities or mission (Part I)

THE MISSION OF BALLSTONGIVES, INC. IS TO SUPPORT THE CHARITABLE DEEDS OF THE BALLSTON BUSINESS IMPROVEMENT CORPORATION WHICH SERVES TO IMPROVE THE BALLSTON NEIGHBORHOOD IN ARLINGTON VIRGINIA THROUGH PARTNERSHIPS AND PROGRAMS THAT ENHANCE THE COMMUNITY AND ITS MEMBERS. BALLSTONGIVES, INC. WILL HOLD FUNDRAISING EVENTS INCLUDING TASTE OF ARLINGTON AND QUARTERFEST, WHICH WILL ENABLE BALLSTONGIVES, INC. TO GIVE BACK TO THE COMMUNITY. PLEASE SEE THE WEBSITE BALLSTONVA.ORG FOR INFORMATION ABOUT THE ORGANIZATION. PROGRAMS AND EVENTS WILL BE CONDUCTED BY BALLSTONGIVES, INC. AND TAKE PLACE PRIMARILY IN THE BALLSTON NEIGHBORHOOD WITHIN ARLINGTON, VIRGINIA. BALLSTONGIVES, INC. WILL SPEND 100% OF ITS TIME IN SUPPORT OF THIS MISSION. BALLSTONGIVES, INC. WILL FUND ITS OPERATIONS AND ACTIVITIES BY SELLING SPONSORSHIPS AND TICKETS TO OUR PROGRAMS AND EVENTS, APPLYING FOR GRANTS FROM GOVERNMENTAL AND PRIVATE INSTITUTIONS, AND BY ACCEPTING DIRECT CONTRIBUTIONS.

  • COMMUNITY EVENTS - GENERAL EVENTS

    Expenses $3,424

As filed on the 2022 return.

Listed in Part VII

  • Jill Goubeaux

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Simon Carney

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Tina Leone

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $328,676
    From this org
    $0
    From related orgs
    $297,273
    Other
    $31,403
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,273 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,892 related
    Nontaxable benefits
    $0 + $16,511 related
    Filer's total
    $0 + $328,676 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I LINE, LINE 3
CEO COMPENSATION FROM A RELATED ORGANIZATION - CEO COMPENSATION IS REVIEWED BY A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF THE RELATED ORGANIZATION. AN INDEPENDENT SURVEY IS USED AS WELL AS A COMPARISON OF CEO COMPENSATION REPORTED ON MOST RECENT FORM 990'S FOR BIDS IN THE REGION. THE COMMITTEE DEVELOPS A WRITTEN CONTRACT WITH THE BID'S GENERAL COUNSEL. THE COMPENSATION COMMITTEE APPROVED THE AGREEMENT WHICH THEN IS APPROVED BY THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 January 2024
IRS schema version
2022v5.0
Source object
202400199349300310

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