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← FUND FOR JOBS WORTH OWNING INC

Form 990 for tax year 2022

Filed by FUND FOR JOBS WORTH OWNING INC.

What the amendment changed

Compared with the return it replaced , filed 14 June 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$798 changed to $95,657
Total expenses
$4,074 changed to $108,688
Program service revenue
$0 changed to $1,562
Investment income
$798 changed to $94,095
Total assets, end of year
$2,998,593 changed to $3,065,056
Total liabilities, end of year
$7,054 changed to $86,548
Net assets or fund balances, end of year
$2,991,539 changed to $2,978,508
Program services expenses
$0 changed to $84,619
Management and general expenses
$4,074 changed to $24,069
Program service expenses (Part III)
not reported changed to $84,619

Totals

Total revenue
$95,657
Total expenses
$108,688
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,562
Investment income
$94,095
Other revenue
$0
Total assets, end of year
$3,065,056
Total liabilities, end of year
$86,548
Net assets or fund balances, end of year
$2,978,508
Program services expenses (Part IX)
$84,619
Management and general expenses
$24,069
Fundraising expenses
$0
Program service expenses (Part III)
$84,619

Program services were 77.9% 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: LOAN FEES

    total $1,562 · related or exempt $1,562

  • 3 · Investment income

    total $94,095 · excluded $94,095

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,061 · management and general $3,061

  • 11c · Fees: accounting

    total $10,853 · management and general $10,853

  • 11g · Fees: other

    total $70,461 · program services $65,625 · management and general $4,836

  • 13 · Office expenses

    total $5,319 · management and general $5,319

  • 14 · Information technology

    total $7,419 · program services $7,419

  • 20 · Interest

    total $1,483 · program services $1,483

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $10,092 · program services $10,092

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,258 · end of year $114,289

  • 2 · Savings and temporary cash investments

    beginning of year $1,913,214 · end of year $1,886,261

  • 7 · Other notes and loans receivable

    beginning of year $998,721 · end of year $1,059,277

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,400 · end of year $5,229

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,054 · end of year $5,965

  • 19 · Deferred revenue

    end of year $250

  • 23 · Secured mortgages and notes payable

    end of year $80,333

  • 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 $2,991,539 · end of year $2,978,508

Mission and programs · 2022

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATES EXCLUSIVELY AS A SUPPORTING ORGANIZATION TO AND FOR THE BENEFIT OF THE ICA GROUP, INC., A (501(C)(3) TAX EXEMPT ORGANIZATION LOCATED IN NORTHAMPTON, MASSACHUSETTS) BY PROVIDING FINANCING TO WORKER-CENTERED BUSINESSES.

Activities or mission (Part I)

PROVIDE FINANCING TO WORKER-CENTERED BUSINESSES IN SUPPORT OF THE ICA GROUP, INC.

  • PROVIDED FINANCING TO A WORKER-CENTERED BUSINESS.

    Expenses $84,619 · Revenue $1,562

As filed on the 2022 return.

Listed in Part VII

  • DAVID HAMMER

    PRESIDENT

    Total calculated
    $102,894
    From this org
    $0
    From related orgs
    $102,894
    Other
    $0
    Hours/week
    2 + 40 related

  • RAND WILSON

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • DAMILOLA ODETOLA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ALEXANDER PYLE

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • CHRISTINA CLAMP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MELISSA HOOVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JANET VAN LIERE

    DIRECTOR

    Total calculated
    $57,267
    From this org
    $0
    From related orgs
    $57,267
    Other
    $0
    Hours/week
    2 + 10 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
4 April 2024
IRS schema version
2022v5.0
Source object
202441079349301224

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