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← BOYS AND GIRLS CLUB OF WICHITA FALLS ENDOWMENT FUND

Form 990 for tax year 2022

Filed by BOYS AND GIRLS CLUB OF WICHITA FALLS ENDOWMENT FUND.

Totals

Total revenue
$311,487
Total expenses
$1,085,037
Contributions and grants received
$64
Grants paid
$925,000
Program service revenue
$0
Investment income
$306,601
Other revenue
$4,822
Total assets, end of year
$21,373,237
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$21,373,237
Program services expenses (Part IX)
$925,000
Management and general expenses
$160,037
Fundraising expenses
$0
Program service expenses (Part III)
$925,000

Program services were 85.3% 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

    $64

  • 3 · Investment income

    total $628,763 · excluded $628,763

  • 5 · Royalties

    total $4,822 · excluded $4,822

  • 7a · Gross sales of assets other than inventory

    securities $10,935,014

  • 7b · Less cost or other basis and sales expenses

    securities $11,257,176

  • 7c · Gain or loss

    securities -$322,162

  • 7d · Net gain or loss

    total -$322,162 · excluded -$322,162

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $925,000 · program services $925,000

  • 11c · Fees: accounting

    total $9,550 · management and general $9,550

  • 11f · Fees: investment management

    total $147,819 · management and general $147,819

  • 13 · Office expenses

    total $360 · management and general $360

  • 23 · Insurance

    total $2,000 · management and general $2,000

  • 24a · Other expenses: Royaly expenses

    total $308 · management and general $308

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,660 · end of year $878

  • 2 · Savings and temporary cash investments

    beginning of year $1,871,860 · end of year $739,378

  • 3 · Pledges and grants receivable

    end of year $203

  • 11 · Investments: publicly traded securities

    beginning of year $20,288,205 · end of year $20,632,778

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,938

  • 27 · Net assets without donor restrictions

    beginning of year $22,146,787 · end of year $21,373,237

Mission and programs · 2022

Mission

Aid in funding the programs of the Boys & Girls Club of Wichita Falls. Contributions are made throughout the year to the Boys & Girls Club of Wichita Falls to help defray the cost of operating the clubs and to help fund the activities for the youth in the Wichita Falls area.

Activities or mission (Part I)

The Endowment Fund provides on-going funding to the Boys & Girls Club of Wichita Falls.

  • Grants paid to Boys & Girls Clubs of Wichita Falls to fund their youth programs and defray the operating cost of the Boys & Girls Clubs.

    Expenses $925,000 · Grants $925,000

As filed on the 2022 return.

Listed in Part VII

  • George T Kimbell

    President

    Total calculated
    $0
    Hours/week
    2

  • Bill Gunn

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Donald J Hupp

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Murphy Davis

    Director

    Total calculated
    $0
    Hours/week
    2

  • Leo Lane

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
21 September 2023
IRS schema version
2022v5.0
Source object
202302649349301130

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