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← PALISADES WILL ROGERS 5 & 10 K RUN FOUNDATION

Form 990 for tax year 2024

Filed by PALISADES WILL ROGERS 5 & 10 K RUN FOUNDATION.

Totals

Total revenue
$289,968
Total expenses
$202,022
Contributions and grants received
$113,500
Grants paid
$40,000
Program service revenue
$171,369
Investment income
$5,099
Other revenue
$0
Total assets, end of year
$359,038
Total liabilities, end of year
$10,000
Net assets or fund balances, end of year
$349,038
Program services expenses (Part IX)
$202,022
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$202,022

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

    $113,500

  • 2a · Program service revenue: 5 & 10K RUN & KIDS FUN

    total $171,369 · related or exempt $171,369

  • 3 · Investment income

    total $5,099 · excluded $5,099

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

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

  • 11b · Fees: legal

    total $940 · program services $940

  • 11c · Fees: accounting

    total $2,400 · program services $2,400

  • 12 · Advertising and promotion

    total $4,747 · program services $4,747

  • 23 · Insurance

    total $2,855 · program services $2,855

  • 24a · Other expenses: EVENT T-SHIRTS

    total $43,723 · program services $43,723

  • 24b · Other expenses: RACE DAY EXPENSES

    total $34,007 · program services $34,007

  • 24c · Other expenses: RACE MANAGEMENT COSTS

    total $33,560 · program services $33,560

  • 24d · Other expenses: COURSE PREPARATION & SU

    total $25,908 · program services $25,908

  • 24e · All other expenses

    total $13,882 · program services $13,882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,905 · end of year $106,856

  • 2 · Savings and temporary cash investments

    beginning of year $201,187 · end of year $251,182

  • 15 · Other assets

    beginning of year $0 · end of year $1,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $10,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $261,092 · end of year $349,038

Mission and programs · 2024

Mission

THE OBJECTIVES OF THIS CORPORATION ARE TO MAKE GRANTS TO NONPROFIT PUBLIC BENEFIT CORPORATIONS TO FURTHER THEIR CHARITABLE AND EDUCATIONAL PURPOSES.

Activities or mission (Part I)

5K & 10K RUN

  • THE FOUNDATION ORGANIZES THE PALISADES WILL ROGERS 5 AND 10K RUN.

    Expenses $202,022 · Grants $40,000 · Revenue $171,369

As filed on the 2024 return.

Listed in Part VII

  • James Klein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thomas Hathaway

    CFO

    Total calculated
    $0
    Hours/week
    1

  • Mike Solum

    SECRETARY

    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
2024
Filed
26 March 2025
IRS schema version
2024v5.1
Source object
202530929349300948

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