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Nonprofiteer
← KIWANIS FOUNDATION OF BRECKSVILLE INC

Form 990 for tax year 2022

Filed by KIWANIS FOUNDATION OF BRECKSVILLE INC.

Totals

Total revenue
$77,654
Total expenses
$46,972
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,945
Investment income
$55,709
Other revenue
$0
Total assets, end of year
$501,944
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$501,944
Program services expenses (Part IX)
$46,972
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$46,972

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $21,945 · related or exempt $21,945

  • 3 · Investment income

    total $27,405 · related or exempt $27,405

  • 7a · Gross sales of assets other than inventory

    securities $28,304

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

    securities $0

  • 7c · Gain or loss

    securities $28,304

  • 7d · Net gain or loss

    total $28,304 · related or exempt $28,304

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $300 · program services $300

  • 11c · Fees: accounting

    total $12,380 · program services $12,380

  • 11g · Fees: other

    total $29,047 · program services $29,047

  • 13 · Office expenses

    total $245 · program services $245

  • 16 · Occupancy

    total $5,000 · program services $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $445,775 · end of year $501,944

  • 27 · Net assets without donor restrictions

    beginning of year $445,775 · end of year $501,944

Mission and programs · 2022

Mission

KIWANIS FOUNDATION OF BRECKSVILLE PROVIDES COLLEGE SCHOLARHIPS TO BRECKSVILLE-BROADVIEW HEIGHTS HIGH SCHOOL STUDENTS AND STUDENTS THAT LIVE IN BRECKSVILLE WHO ATTEND OTHER SCHOOLS.

  • KIWANIS FOUNDATION OF BRECKSVILLE PROVIDES COLLEGE SCHOLARSHIPS TO BRECKSVILLE-BROADVIEW HEIGHTS HIGH SCHOOL STUDENTS AND STUDENTS THAT LIVE IN BRECKSVILLE WHO ATTEND OTHER SCHOOLS.

    Expenses $46,972 · Revenue $21,945

As filed on the 2022 return.

Listed in Part VII

  • DASRATHI RAM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JIM MCALLISTER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KEVIN BRUSK

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • FRED PEDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BILL RITTMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RICH DELROSO

    DIRECTOR

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
2 August 2024
IRS schema version
2022v5.0
Source object
202412189349300141

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