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← PAINTING AND DECORATING CONTRACTORS OF AMERICA EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by PAINTING AND DECORATING CONTRACTORS OF AMERICA EDUCATION FOUNDATION.

Totals

Total revenue
$1,587
Total expenses
$259,850
Contributions and grants received
$1,587
Grants paid
$219,850
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$172,444
Total liabilities, end of year
$178,850
Net assets or fund balances, end of year
-$6,406
Program services expenses (Part IX)
$259,850
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$259,850

Program services were 100.0% 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

    $1,587

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $191,850 · program services $191,850

  • 2 · Grants to domestic individuals

    total $28,000 · program services $28,000

  • 24a · Other expenses: Educational programs

    total $40,000 · program services $40,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $247,419 · end of year $168,006

  • 15 · Other assets

    beginning of year $4,438 · end of year $4,438

  • 25 · Other liabilities

    end of year $178,850

  • 27 · Net assets without donor restrictions

    beginning of year $251,857 · end of year -$6,406

Mission and programs · 2022

Mission

Provide educational programs for contractors in the painting industry.

  • Provision of funds for educational programs.

    Expenses $259,850 · Grants $219,850 · Revenue $1,587

As filed on the 2022 return.

Listed in Part VII

  • Nigel Costolloe

    Secretary

    Total calculated
    $125,000
    From this org
    $0
    From related orgs
    $125,000
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $125,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $125,000 related

  • Jason Paris

    Director

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Dave Ryker

    Director

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Ray Rahni

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mark Adams

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Michael Kelly

    Chair

    Total calculated
    $0
    Hours/week
    2 + 5 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)

General Explanation Attachment
No compensation,no fringe benefits, no expense reimbursements were provided by this organization.All expenses were paid by affiliated organization.

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

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
31 October 2023
IRS schema version
2022v5.0
Source object
202323179349309437

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