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← INTERLINC FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by INTERLINC FAMILY FOUNDATION.

Totals

Total revenue
$268,944
Total expenses
$140,165
Contributions and grants received
$142,832
Grants paid
$131,598
Program service revenue
$0
Investment income
$126,112
Other revenue
$0
Total assets, end of year
$1,770,829
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,770,829
Program services expenses (Part IX)
$136,003
Management and general expenses
$3,952
Fundraising expenses
$210
Program service expenses (Part III)
$136,003

Program services were 97.0% 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

    $142,832

  • 3 · Investment income

    total $28,172 · excluded $28,172

  • 7a · Gross sales of assets other than inventory

    securities $97,940

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

    securities $0

  • 7c · Gain or loss

    securities $97,940

  • 7d · Net gain or loss

    total $97,940 · excluded $97,940

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $131,598 · program services $131,598

  • 11f · Fees: investment management

    total $4,405 · program services $4,405

  • 13 · Office expenses

    total $3,952 · management and general $3,952

  • 24e · All other expenses

    total $210 · fundraising $210

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $414,947 · end of year $422,020

  • 11 · Investments: publicly traded securities

    beginning of year $1,183,345 · end of year $1,348,809

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,598,292 · end of year $1,770,829

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO ALIGN OUR YOUTH WITH PEOPLE WHO WILL HELP THEM TO REALIZE THEIR SELF-WORTH AND ENCOURAGE THEM TO ACHIEVE A LIFE OF GREAT HOPE, DIRECTION, AND OPPORTUNITY, AND THEREBY, CONTRIBUTE TO THE BETTERMENT OF THE COMMUNITIES IN WHICH THEY LIVE.

Activities or mission (Part I)

ASSIST UNDER-PRIVILEGED YOUTH BY WORKING WITH AND DISTRIBUTING FUNDS THRU 501(C)(3) ORGANIZATIONS.

  • THE FOUNDATION'S MISSION IS TO ALIGN OUR YOUTH WITH PEOPLE WHO WILL HELP THEM TO REALIZE THEIR SELF-WORTH AND ENCOURAGE THEM TO ACHIEVE A LIFE OF GREAT HOPE, DIRECTION, AND OPPORTUNITY, AND THEREBY, CONTRIBUTE TO THE BETTERMENT OF THE COMMUNITIES IN WHICH THEY LIVE.

    Expenses $136,003 · Grants $131,598

As filed on the 2024 return.

Listed in Part VII

  • Gene Thompson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marcia King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steven G Peterson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Barbara Cargill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Adriann Jahn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Kowaleski

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • James Durham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • INTERLINC MORTGAGE SERVICES LLC

    MORTGAGE LOANS · TX

  • VANSTEENHOUSE FAMILY PARTNERSHIP LTD

    INVESTMENTS · TX

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349317720

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