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← MIBOR FOUNDATION INC

Form 990 for tax year 2023

Filed by MIBOR FOUNDATION INC.

Totals

Total revenue
$383,279
Total expenses
$583,715
Contributions and grants received
$250,836
Grants paid
$300,142
Program service revenue
$0
Investment income
$9,609
Other revenue
$122,834
Total assets, end of year
$2,360,963
Total liabilities, end of year
$117,445
Net assets or fund balances, end of year
$2,243,518
Program services expenses (Part IX)
$361,925
Management and general expenses
$89,502
Fundraising expenses
$132,288
Program service expenses (Part III)
$361,925

Program services were 62.0% 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.

  • 1c · Fundraising events

    $42,600

  • 1f · All other contributions, gifts and grants

    $208,236

  • 3 · Investment income

    total $56,891 · excluded $56,891

  • 7a · Gross sales of assets other than inventory

    securities $95,808

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

    securities $143,090

  • 7c · Gain or loss

    securities -$47,282

  • 7d · Net gain or loss

    total -$47,282 · excluded -$47,282

  • 8a · Fundraising events: gross income

    $265,966

  • 8a · Fundraising events: contributions included on line 1c

    $42,600

  • 8b · Fundraising events: direct expenses

    $143,132

  • 8c · Net income from fundraising events

    total $122,834 · excluded $122,834

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $300,142 · program services $300,142

  • 7 · Other salaries and wages

    total $203,520 · program services $50,880 · management and general $20,352 · fundraising $132,288

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 11f · Fees: investment management

    total $11,822 · management and general $11,822

  • 11g · Fees: other

    total $8,500 · management and general $8,500

  • 12 · Advertising and promotion

    total $13,067 · management and general $13,067

  • 14 · Information technology

    total $11,357 · management and general $11,357

  • 24a · Other expenses: BANK FEES

    total $10,903 · program services $10,903

  • 24b · Other expenses: ADMINISTRATIVE EXPENSES

    total $8,404 · management and general $8,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,217 · end of year $103,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,655 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,069,343 · end of year $2,257,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $56 · end of year $56

  • 19 · Deferred revenue

    beginning of year $85,700 · end of year $83,715

  • 25 · Other liabilities

    beginning of year $103,183 · end of year $33,674

  • 27 · Net assets without donor restrictions

    beginning of year $1,775,408 · end of year $1,851,743

  • 28 · Net assets with donor restrictions

    beginning of year $388,868 · end of year $391,775

Mission and programs · 2023

Mission

TO RAISE FUNDS AND FOSTER SUPPORT FOR ORGANIZATIONS TRANSITIONING CENTRAL INDIANA'S HOMELESS TO SAFE AND SECURE HOUSING.

Activities or mission (Part I)

TO TRANSITION CENTRAL INDIANA INDIVIDUALS FROM HOMELESSNESS OR INADEQUATE OR UNSAFE HOUSING TO PERMANENT SOLUTIONS THAT WILL POSITIVELY CHANGE THEIR LIVES.

  • THE REALTOR FOUNDATION SUPPORTS ORGANIZATIONS IN CENTRAL INDIANA WHO SERVE AND HOUSE OUR HOMELESS NEIGHBORS. RANGING FROM VICTIMS OF DOMESTIC VIOLENCE TO MEN WITH MEDICAL NEEDS AND ENTIRE FAMILIES, THE FOUNDATION'S GRANT RECIPIENTS JUST NEED A HELPING HAND.

    Expenses $361,925 · Grants $300,142

As filed on the 2023 return.

Listed in Part VII

  • FRANCES WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KATIE MALOTT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • NANCY MUTCHMORE

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • RANDY SURETTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JAHANA STRAWTHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JAMIE SARGENT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • AMIE DRUDGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • LYNN MURRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MICHELLE HAMMES

    PRESIDENT ELECT

    Total calculated
    $0
    Hours/week
    0

  • MARCIE KNAFEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KRISTIN DIXON

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • DONA KYLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • RACHEL FREITAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DANIELLE COLEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • LINDSAY MCATEER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • MICHAEL ALBRECHT

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • TERRY WAGONNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • KATIE GRIFFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • SHELLEY SPECCHIO

    EXECUTIVE DIRECTOR

    Total calculated
    $385,646
    From this org
    $0
    From related orgs
    $327,497
    Other
    $58,149
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,078 related
    Bonus
    $0 + $41,419 related
    Other
    $0 + $12,000 related
    Deferred
    $0 + $19,650 related
    Nontaxable benefits
    $0 + $38,499 related
    Filer's total
    $0 + $385,646 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MIBOR SERVICE CORPORATION

    C · SERVICE CORPORATION · IN · 100% owned · share of income -$186,587 · share of assets $3,179,399

    Directly controlled by MIBOR REALTOR ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
29 August 2024
IRS schema version
2023v5.1
Source object
202422549349301622

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