Form 990 for tax year 2022
Filed by SOUTHWEST FRIENDS FINANCIAL DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $96,097
- Total expenses
- $52,971
- Contributions and grants received
- $0
- Grants paid
- $5,000
- Program service revenue
- $54,290
- Investment income
- $41,807
- Other revenue
- $0
- Total assets, end of year
- $3,403,047
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,403,047
- Program services expenses (Part IX)
- $29,280
- Management and general expenses
- $23,691
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $29,280
Program services were 55.3% 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.
-
2a · Program service revenue: REAL ESTATE LOAN INTEREST
total $54,290 · related or exempt $54,290
-
3 · Investment income
total $39,484 · excluded $39,484
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $2,323
-
7c · Gain or loss
securities $2,323
-
7d · Net gain or loss
total $2,323 · related or exempt $2,323
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
2 · Grants to domestic individuals
total $0
-
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 $6,600 · management and general $6,600
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $24,280 · program services $24,280
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
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 $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,143 · management and general $2,143
-
24a · Other expenses: WRITE OFF LOAN
total $13,981 · management and general $13,981
-
24b · Other expenses: PROMOTIONAL GIFTS
total $500 · management and general $500
-
24c · Other expenses: FEES
total $256 · management and general $256
-
24d · Other expenses: BANK CHARGES
total $165 · management and general $165
-
24e · All other expenses
total $46 · management and general $46
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $610,025 · end of year $535,116
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $386 · end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,563,831 · end of year $1,570,311
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,256,229 · end of year $1,297,620
-
29 · Capital stock, trust principal or current funds
beginning of year $3,367,452 · end of year $3,339,850
-
31 · Retained earnings, endowment or other funds
beginning of year $63,019 · end of year $63,197
Mission and programs · 2022
Mission
FINANCIAL ASSISTANCE TO MEMBER CHURCHES
-
BENEFICIARIES PAID PER TERMS OF TRUST AGREEMENTS $7,049BROKERAGE MANAGEMENT FOR ORGANIZATIONAL LENDING MAXIMIZATION $24,280GRANTS TO CHURCHES $5,000
Expenses $29,280
As filed on the 2022 return.
Listed in Part VII
-
Chris MorganCHRIS MORGAN
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Ann HablitzelANN HABLITZEL
President
- Total calculated
- $0
- Hours/week
- 1.25
-
Mark HelmMARK HELM
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
John DaciolasJOHN DACIOLAS
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff DavisJEFF DAVIS
Secretary
- Total calculated
- $0
- Hours/week
- 1.25
-
Sue GirardSUE GIRARD
ACCOUNTANT
- Total calculated
- $0
- Hours/week
- 7
-
Randy BrownRANDY BROWN
ADVISOR
- Total calculated
- $0
- Hours/week
- 5
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.
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.
-
FRIENDS CHURCH SOUTHWEST YEARLY MEETING
501 (C)(3) · ASSOCIATION OF CHURCHES · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321639349300617
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