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Nonprofiteer
← ADRIAN KIWANIS FOUNDATION INC

Form 990 for tax year 2023

Filed by ADRIAN KIWANIS FOUNDATION INC.

Totals

Total revenue
$147,668
Total expenses
$96,880
Contributions and grants received
$1,000
Grants paid
$54,604
Program service revenue
$0
Investment income
$146,668
Other revenue
$0
Total assets, end of year
$4,162,259
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,162,259
Program services expenses (Part IX)
$96,880
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$96,880

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

    $1,000

  • 3 · Investment income

    total $98,686 · related or exempt $98,686

  • 7a · Gross sales of assets other than inventory

    securities $1,346,150

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

    securities $1,298,168

  • 7c · Gain or loss

    securities $47,982

  • 7d · Net gain or loss

    total $47,982 · related or exempt $47,982

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,604 · program services $54,604

  • 11c · Fees: accounting

    total $3,050 · program services $3,050

  • 11f · Fees: investment management

    total $39,106 · program services $39,106

  • 11g · Fees: other

    total $120 · program services $120

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,048 · end of year $2,031

  • 4 · Accounts receivable

    beginning of year $33,250

  • 12 · Investments: other securities

    beginning of year $3,643,473 · end of year $4,160,228

  • 25 · Other liabilities

    beginning of year $37,500

  • 27 · Net assets without donor restrictions

    beginning of year $3,641,271 · end of year $4,162,259

Mission and programs · 2023

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR EDUCATIONAL, CHARITABLE OR RELIGIOUS PURPOSES.

  • TO PROVIDE FUNDS, IF AVAILABLE, FOR OTHER NOT-FOR-PROFIT 501C(3) ORGANIZATIONS SO THAT THEY MAY PROVIDE THE NEEDED SERVICES NOT COVERED BY GOVERNMENT OR OTHER PRIVATE ORGANIZATIONS. THIS FUNCTION IS COMPLETED THROUGH OUR SUPPORTED ORGANIZATION A 501C(4)ORGANIZATION, KIWANIS CLUB OF ADRIAN.

    Expenses $96,880 · Grants $54,604

  • TO PROVIDE FUNDS, IF AVAILABLE, FOR OTHER NOT-FOR-PROFIT 501C(3) ORGANIZATIONS SO THAT THEY MAY PROVIDE THE NEEDED SERVICES NOT COVERED BY GOVERNMENT OR OTHER PRIVATE ORGANIZATIONS. THIS FUNCTION IS COMPLETED THROUGH OUR SUPPORTED ORGANIZATION A 501C(4)ORGANIZATION, KIWANIS CLUB OF ADRIAN.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CARY CARRICO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GARRY CLIFT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GORDON GAUSS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GREG GOTHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL JACOBITZ

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • KURT KOMINEK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JACK LEWIS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • J MICHAEL MAXWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TODD MORGAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HEATHER PEARCE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • FRANK RHAMES

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOE WILLIAMS

    TRUSTEE

    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
24 April 2024
IRS schema version
2023v5.0
Source object
202421159349300947

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