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Nonprofiteer
← KIWANIS CLUB OF LONGBOAT KEY FOUNDATION INC

Form 990 for tax year 2023

Filed by KIWANIS CLUB OF LONGBOAT KEY FOUNDATION INC.

Totals

Total revenue
$69,156
Total expenses
$83,399
Contributions and grants received
$108,260
Grants paid
$80,000
Program service revenue
$0
Investment income
$4,045
Other revenue
-$43,149
Total assets, end of year
$153,854
Total liabilities, end of year
$9,431
Net assets or fund balances, end of year
$144,423
Program services expenses (Part IX)
$80,000
Management and general expenses
$3,399
Fundraising expenses
$0
Program service expenses (Part III)
$80,000

Program services were 95.9% 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.

  • 1f · All other contributions, gifts and grants

    $108,260

  • 3 · Investment income

    total $4,045 · related or exempt $4,045

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $43,149

  • 8c · Net income from fundraising events

    total -$43,149 · excluded -$43,149

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $80,000 · program services $80,000

  • 12 · Advertising and promotion

    total $101 · management and general $101

  • 24a · Other expenses: PROFESSIONAL FEES

    total $1,686 · management and general $1,686

  • 24b · Other expenses: BANK CHARGES

    total $723 · management and general $723

  • 24c · Other expenses: MERCHANT FEES

    total $469 · management and general $469

  • 24d · Other expenses: PRINTING EXPENSES

    total $218 · management and general $218

  • 24e · All other expenses

    total $202 · management and general $202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,053 · end of year $3,117

  • 2 · Savings and temporary cash investments

    beginning of year $148,153 · end of year $150,737

  • 25 · Other liabilities

    beginning of year $9,053 · end of year $9,431

  • 27 · Net assets without donor restrictions

    beginning of year $140,153 · end of year $144,423

Mission and programs · 2023

Mission

TO SUPPORT YOUTH ACTIVITIES AND TO HELP FURTHER THEIR EDUCATION.

Activities or mission (Part I)

SUPPORT YOUTH ACTIVITIES AND PROVIDE SCHOLARSHIPS TO FURTHER YOUTH EDUCATION.

  • SUPPORT THE EFFORTS OF LOCAL ORGANIZATIONS THAT PROVIDE SERVICE TO NEEDY INDIVIDUALS.

  • PROVIDE SCHOLARSHIPS TO QUALIFYING STUDENTS TO FURTHER THEIR EDUCATION AT TECHNICAL SCHOOLS AND OTHER HIGHER INSTITUTIONS.

    Expenses $80,000 · Grants $80,000

As filed on the 2023 return.

Listed in Part VII

  • Michael Garey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jim Whitman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Earl Larson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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
20 February 2025
IRS schema version
2023v6.0
Source object
202540979349301759

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