Form 990 for tax year 2023
Filed by NOEL COVER FOUNDATION INC C0 JERRY MACKEN.
Totals
- Total revenue
- $1,516,601
- Total expenses
- $227,679
- Contributions and grants received
- $0
- Grants paid
- $200,000
- Program service revenue
- $0
- Investment income
- $1,397,982
- Other revenue
- $118,619
- Total assets, end of year
- $2,989,731
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,989,731
- Program services expenses (Part IX)
- $200,000
- Management and general expenses
- $27,679
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $200,000
Program services were 87.8% 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.
-
3 · Investment income
total $31,074 · excluded $31,074
-
6a · Gross rents
real property $222,327
-
6b · Less rental expenses
real property $103,708
-
6c · Rental income or loss
real property $118,619
-
6d · Net rental income or loss
total $118,619 · related or exempt $118,619
-
7a · Gross sales of assets other than inventory
other assets $1,497,575
-
7b · Less cost or other basis and sales expenses
other assets $130,667
-
7c · Gain or loss
other assets $1,366,908
-
7d · Net gain or loss
total $1,366,908 · related or exempt $1,366,908
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $200,000 · program services $200,000
-
7 · Other salaries and wages
total $4,200 · management and general $4,200
-
10 · Payroll taxes
total $321 · management and general $321
-
11c · Fees: accounting
total $2,838 · management and general $2,838
-
16 · Occupancy
total $16,200 · management and general $16,200
-
19 · Conferences, conventions and meetings
total $4,120 · management and general $4,120
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $912,999 · end of year $2,354,126
-
10a · Land, buildings and equipment: cost or other basis
$1,077,470
-
10b · Land, buildings and equipment: accumulated depreciation
$441,865
-
10c · Land, buildings and equipment, net
beginning of year $787,890 · end of year $635,605
-
17 · Accounts payable and accrued expenses
beginning of year $80
-
27 · Net assets without donor restrictions
beginning of year $707,089 · end of year $513,550
-
28 · Net assets with donor restrictions
beginning of year $993,720 · end of year $2,476,181
Mission and programs · 2023
Mission
TO PROVIDE SCHOLARSHIPS.
-
CONTRIBUTION TO COLLEGE SCHOLARSHIP FUNDS.
Expenses $200,000 · Grants $200,000
As filed on the 2023 return.
Listed in Part VII
-
Gerald MackenGERALD MACKEN
PRESIDENT
- Total calculated
- $4,200
- From this org
- $4,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Richard KrushenskyRICHARD KRUSHENSKY
V-PRES/SEC
- Total calculated
- $0
- Hours/week
- 1
-
Edward BoosEDWARD BOOS
V-PRES/TREAS
- Total calculated
- $0
- Hours/week
- 1
-
Michael RansonMICHAEL RANSON
ASST VICE CH
- Total calculated
- $0
- Hours/week
- 1
-
Megan NelsonMEGAN NELSON
OPERAT. V/P
- Total calculated
- $0
- Hours/week
- 1
-
Michael KarloffMICHAEL KARLOFF
OPERAT. V/P
- Total calculated
- $0
- Hours/week
- 1
-
Sunny Gonzales EighmySUNNY GONZALES EIGHMY
OPERAT. V/P
- Total calculated
- $0
- Hours/week
- 1
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
-
CENTRAL COLLEGE DISTRIBUTION
$50,000
-
HASTING COLLEGE DISTRIBUTION
$50,000
-
ST OLAF COLLEGE DISTRIBUTION
$50,000
-
UNIVERSITY OF DENVER DISTRIBUTION
$50,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 July 2024
- IRS schema version
- 2023v5.0
- Source object
- 202422129349301752
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