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Nonprofiteer
← ALCORN INC

Form 990 for tax year 2024

Filed by ALCORN INC.

Totals

Total revenue
$5,000,000
Total expenses
$1,000
Contributions and grants received
$5,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,000,000
Total liabilities, end of year
$1,000
Net assets or fund balances, end of year
$4,999,000
Program services expenses (Part IX)
$0
Management and general expenses
$1,000
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $5,000,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $1,000 · management and general $1,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $5,000,000

  • 17 · Accounts payable and accrued expenses

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

  • 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 $0 · end of year $4,999,000

Mission and programs · 2024

Mission

ALCORN INC'S MISSION IS TO PROMOTE SOCIAL WELFARE WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ALCORN INC ACCOMPLISHES ITS MISSION THROUGH GRANTS TO OTHER NON-PROFIT ORGANIZATIONS AND MAY ALSO ENGAGE IN DIRECT EXPENDITURES IN FURTHERANCE OF ITS MISSION.

Activities or mission (Part I)

THE ORGANIZATION FORMED IN DECEMBER 2024 AND FOCUSED ON SECURING FUNDING AND BECOMING OPERATIONAL DURING THE SHORT FISCAL YEAR. ACCORDINGLY IT HAD NO PROGRAM ACTIVITIES IN 2024.

  • DUE TO ALCORN INC.'S ORGANIZATION AT THE END OF THE 2024 FISCAL YEAR AND THE DATE OF THE FIRST CONTRIBUTION, THERE WAS NO PROGRAM SPENDING IN 2024.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cam Savage

    ED/DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Deborah Mazol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Zach Hunter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Gantt

    TREASURER

    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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202533079349300403

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