Form 990 for tax year 2023
Filed by NAT KING COLE GENERATION HOPE INC.
Totals
- Total revenue
- $347,809
- Total expenses
- $408,350
- Contributions and grants received
- $347,272
- Grants paid
- $14,885
- Program service revenue
- $0
- Investment income
- $537
- Other revenue
- $0
- Total assets, end of year
- $105,587
- Total liabilities, end of year
- $6,477
- Net assets or fund balances, end of year
- $99,110
- Program services expenses (Part IX)
- $346,860
- Management and general expenses
- $46,097
- Fundraising expenses
- $15,393
- Program service expenses (Part III)
- $346,860
Program services were 84.9% 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
$347,272
-
3 · Investment income
total $537 · unrelated business $0 · excluded $537
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $14,885 · program services $14,885
-
5 · Compensation of officers, directors and key employees
total $80,000 · program services $64,000 · management and general $8,000 · fundraising $8,000
-
7 · Other salaries and wages
total $61,888 · program services $38,159 · management and general $17,540 · fundraising $6,189
-
10 · Payroll taxes
total $11,020 · program services $7,934 · management and general $1,984 · fundraising $1,102
-
11c · Fees: accounting
total $5,688 · program services $0 · management and general $5,688 · fundraising $0
-
11g · Fees: other
total $145,152 · program services $145,087 · management and general $65 · fundraising $0
-
12 · Advertising and promotion
total $1,819 · program services $0 · management and general $1,819 · fundraising $0
-
13 · Office expenses
total $2,228 · program services $1,671 · management and general $557 · fundraising $0
-
16 · Occupancy
total $15,600 · program services $13,260 · management and general $2,340 · fundraising $0
-
17 · Travel
total $2,867 · program services $2,351 · management and general $516 · fundraising $0
-
19 · Conferences, conventions and meetings
total $8,332 · program services $6,832 · management and general $1,500 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $108 · program services $0 · management and general $108 · fundraising $0
-
23 · Insurance
total $6,522 · program services $5,026 · management and general $1,394 · fundraising $102
-
24a · Other expenses: Website Development & Maint.
total $6,885 · program services $6,197 · management and general $688 · fundraising $0
-
24b · Other expenses: Printing, Postage & Copying
total $1,028 · program services $1,028 · management and general $0 · fundraising $0
-
24c · Other expenses: Music Program
total $39,164 · program services $39,164 · management and general $0 · fundraising $0
-
24d · Other expenses: Dues & Subscriptions
total $1,266 · program services $1,266 · management and general $0 · fundraising $0
-
24e · All other expenses
total $3,898 · program services $0 · management and general $3,898 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $62,463 · end of year $65,200
-
2 · Savings and temporary cash investments
beginning of year $83,780 · end of year $37,706
-
3 · Pledges and grants receivable
beginning of year $17,425 · end of year $2,301
-
4 · Accounts receivable
beginning of year $117 · end of year $117
-
10a · Land, buildings and equipment: cost or other basis
$1,842
-
10b · Land, buildings and equipment: accumulated depreciation
$1,842
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $370 · end of year $263
-
17 · Accounts payable and accrued expenses
beginning of year $4,504 · end of year $6,477
-
27 · Net assets without donor restrictions
beginning of year $110,713 · end of year $54,348
-
28 · Net assets with donor restrictions
beginning of year $48,938 · end of year $44,762
Mission and programs · 2023
Mission
Nat King Cole Generation Hope, Inc. provides access to music education for children with the greatest need by cultivating opportunities and funding programs for instruction, mentoring and resources.
-
Funding music education programs which provide for instruction, mentoring and resources.
Expenses $346,860 · Grants $14,885 · Revenue $347,272
As filed on the 2023 return.
Listed in Part VII
-
Shanna St John
Executive Director
- Total calculated
- $80,000
- From this org
- $80,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Timolin Cole-Augustus
President
- Total calculated
- $0
- Hours/week
- 4
-
Casey Cole-Ray
Vice-President
- Total calculated
- $0
- Hours/week
- 4
-
Karli Vazquez-Mendez
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Liz McDermott
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Beth Stibal
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Joe Barilla
Board Member
- 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
-
$11,600
Scholarships
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413029349301531
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.