Form 990 for tax year 2023
Filed by DES MOINES WOMENS CLUB HOYT SHERMAN PLACE.
Totals
- Total revenue
- $123,595
- Total expenses
- $150,353
- Contributions and grants received
- $26,094
- Grants paid
- $50,420
- Program service revenue
- $27,301
- Investment income
- $56,651
- Other revenue
- $13,549
- Total assets, end of year
- $2,180,893
- Total liabilities, end of year
- $1,309
- Net assets or fund balances, end of year
- $2,179,584
- Program services expenses (Part IX)
- $120,579
- Management and general expenses
- $26,827
- Fundraising expenses
- $2,947
- Program service expenses (Part III)
- $120,579
Program services were 80.2% 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.
-
1b · Membership dues
$24,993
-
1f · All other contributions, gifts and grants
$1,101
-
2a · Program service revenue: Program revenues
total $27,301 · related or exempt $27,301
-
3 · Investment income
total $65,605 · excluded $65,605
-
7a · Gross sales of assets other than inventory
securities $203,898
-
7b · Less cost or other basis and sales expenses
securities $212,852
-
7c · Gain or loss
securities -$8,954
-
7d · Net gain or loss
total -$8,954
-
8a · Fundraising events: gross income
$16,554
-
8b · Fundraising events: direct expenses
$3,037
-
8c · Net income from fundraising events
total $13,517
-
11a · Other revenue: Other income
total $32 · related or exempt $32
-
11e · Other revenue, total
$32
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $420 · program services $420
-
2 · Grants to domestic individuals
total $50,000 · program services $50,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $35,162 · program services $26,371 · management and general $8,791
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $2,674 · program services $2,005 · management and general $669
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $10,906 · management and general $10,906
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $225 · management and general $225
-
12 · Advertising and promotion
total $228 · fundraising $228
-
13 · Office expenses
total $7,817 · program services $1,954 · management and general $3,909 · fundraising $1,954
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,550 · program services $1,550
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,327 · management and general $2,327
-
24a · Other expenses: Events programs
total $36,471 · program services $36,471
-
24b · Other expenses: Membership
total $765 · fundraising $765
-
24c · Other expenses: Newsletter, Website, Yearbook
total $1,808 · program services $1,808
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $6,202 · end of year $7,030
-
11 · Investments: publicly traded securities
beginning of year $2,044,899 · end of year $2,173,863
-
17 · Accounts payable and accrued expenses
beginning of year $1,334 · end of year $1,309
-
27 · Net assets without donor restrictions
beginning of year $1,000,468 · end of year $1,072,259
-
28 · Net assets with donor restrictions
beginning of year $1,049,299 · end of year $1,107,325
Mission and programs · 2023
Mission
Improve the lives of its members and the community through benevolent and scholarship activities while supporting the mission of Hoyt Sherman Place Foundation.
-
SOCIAL, EDUCATIONAL, AND CULTURAL EVENTS AND ACTIVITIES FOR MEMBERSHIP.
Expenses $70,579 · Revenue $27,301
-
SCHOLARSHIP PROGRAM.
Expenses $50,000 · Grants $50,000
As filed on the 2023 return.
Listed in Part VII
-
Sherry WilkinsonSHERRY WILKINSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Mary Ellen ImlauMARY ELLEN IMLAU
PRESIDENT ELECT
- Total calculated
- $0
- Hours/week
- 8
-
Karen Riley SieversKAREN RILEY SIEVERS
PROGRAM DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Rose Marie WebbROSE MARIE WEBB
MEMBERSHIP VP
- Total calculated
- $0
- Hours/week
- 3
-
Alicia AmbergALICIA AMBERG
GOVERNANCE DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lubertha McClairenLUBERTHA MCCLAIREN
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Janice CordJANICE CORD
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Liz TeufelLIZ TEUFEL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Martha StephensonMARTHA STEPHENSON
DECORATING/HISTORY DIRECTOR
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520559349300437
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