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Nonprofiteer
← LAUREL WREATH FOUNDATION INC

Form 990 for tax year 2023

Filed by LAUREL WREATH FOUNDATION INC.

Totals

Total revenue
$27,020
Total expenses
$96,341
Contributions and grants received
$27,000
Grants paid
$87,000
Program service revenue
$0
Investment income
$20
Other revenue
$0
Total assets, end of year
$680,511
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$680,511
Program services expenses (Part IX)
$87,000
Management and general expenses
$9,341
Fundraising expenses
$0
Program service expenses (Part III)
$87,000

Program services were 90.3% 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

    $27,000

  • 3 · Investment income

    total $20 · unrelated business $0 · excluded $20

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,000 · program services $87,000

  • 13 · Office expenses

    total $94 · program services $0 · management and general $94 · fundraising $0

  • 24a · Other expenses: 2022 FEDERAL INCOME TAXES ON UBI

    total $5,930 · program services $0 · management and general $5,930 · fundraising $0

  • 24b · Other expenses: 2022 CALIFORNIA STATE TAXES ON UBI

    total $3,058 · program services $0 · management and general $3,058 · fundraising $0

  • 24c · Other expenses: BANK CHARGES & MISC FEES

    total $259 · program services $0 · management and general $259 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $700,339 · end of year $14,418

  • 4 · Accounts receivable

    beginning of year $56,592 · end of year $56,592

  • 10a · Land, buildings and equipment: cost or other basis

    $610,683

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,182

  • 10c · Land, buildings and equipment, net

    beginning of year $533,382 · end of year $609,501

  • 23 · Secured mortgages and notes payable

    beginning of year $540,481

  • 31 · Retained earnings, endowment or other funds

    beginning of year $749,832 · end of year $680,511

Mission and programs · 2023

Mission

PROVIDE SOCIAL SERVICES, RELIGIOUS ACTIVITIES AND EDUCATIONAL OPPORTUNITES FOR THE PUBLIC.

  • RELIGIOUS ACTIVITIES

    Expenses $75,000 · Grants $75,000

  • EDUCATIONAL OPPORTUNITIES

    Expenses $2,000 · Grants $2,000

  • SOCIAL SERVICES

    Expenses $10,000 · Grants $10,000

As filed on the 2023 return.

Listed in Part VII

  • Timothy Lefever

    OFFICER

    Total calculated
    $0
    Hours/week
    5

  • Amy Lefever

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

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
7 February 2025
IRS schema version
2023v6.0
Source object
202500479349300415

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