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← THE FELICE FOUNDATION

Form 990 for tax year 2023

Filed by THE FELICE FOUNDATION.

Totals

Total revenue
-$94,872
Total expenses
$105,909
Contributions and grants received
$23,599
Grants paid
$66,000
Program service revenue
$0
Investment income
-$150,155
Other revenue
$31,684
Total assets, end of year
$1,210,814
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,210,814
Program services expenses (Part IX)
$86,626
Management and general expenses
$8,569
Fundraising expenses
$10,714
Program service expenses (Part III)
$86,626

Program services were 81.8% 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.

  • 1f · All other contributions, gifts and grants

    $23,599

  • 3 · Investment income

    total $57,978 · related or exempt $57,978

  • 5 · Royalties

    total $31,684 · related or exempt $31,684

  • 7a · Gross sales of assets other than inventory

    securities $1,170,629

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

    securities $1,378,762

  • 7c · Gain or loss

    securities -$208,133

  • 7d · Net gain or loss

    total -$208,133 · related or exempt -$208,133

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $66,000 · program services $66,000

  • 11a · Fees: management

    total $25,838 · program services $18,086 · management and general $5,168 · fundraising $2,584

  • 11b · Fees: legal

    total $1,250 · management and general $1,250

  • 13 · Office expenses

    total $2,987 · program services $1,463 · management and general $121 · fundraising $1,403

  • 14 · Information technology

    total $7,174 · program services $717 · fundraising $6,457

  • 23 · Insurance

    total $900 · program services $360 · management and general $270 · fundraising $270

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $1,748 · management and general $1,748

  • 24b · Other expenses: PAYPAL FEES

    total $12 · management and general $12

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $84,444 · end of year $1,210,814

  • 11 · Investments: publicly traded securities

    beginning of year $1,110,622

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,195,066 · end of year $1,210,814

  • 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 · 2023

Mission

ENCOURAGING THE SPIRIT OF GIVING BY FOSTERING A COMMUNITY SPIRIT FOR HELPING OTHERS.

  • FUNDED THIRTEEN PROGRAMS THAT MET THE GRANT REQUIREMENTS IN FURTHERANCE OF THE FOUNDATION'S MISSION.

    Expenses $86,626 · Grants $66,000

As filed on the 2023 return.

Listed in Part VII

  • Janette C Brown

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul A Gilbert

    SECY/TREAS

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Torgeson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joan Winchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank A Gomez

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202433139349300803

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