Totals
- Total revenue
- -$109,676
- Total expenses
- $210,057
- Contributions and grants received
- $106,030
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $44,294
- Other revenue
- -$260,000
- Total assets, end of year
- $6,688,363
- Total liabilities, end of year
- $2,922,934
- Net assets or fund balances, end of year
- $3,765,429
- Program services expenses (Part IX)
- $156,282
- Management and general expenses
- $22,615
- Fundraising expenses
- $31,160
- Program service expenses (Part III)
- $156,282
Program services were 74.4% 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
$106,030
-
3 · Investment income
total $174,848 · related or exempt $174,848
-
7a · Gross sales of assets other than inventory
securities $1,787,603
-
7b · Less cost or other basis and sales expenses
securities $1,918,157
-
7c · Gain or loss
securities -$130,554
-
7d · Net gain or loss
total -$130,554 · related or exempt -$130,554
-
11a · Other revenue: Transfer to 56-0529991
total -$260,000 · related or exempt -$260,000
-
11e · Other revenue, total
-$260,000
Functional expenses
Part IX, the statement of functional expenses.
-
20 · Interest
total $197,913 · program services $147,247 · management and general $20,781 · fundraising $29,885
-
24a · Other expenses: Brokerprofessional fees
total $12,144 · program services $9,035 · management and general $1,834 · fundraising $1,275
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,438 · end of year $12,468
-
11 · Investments: publicly traded securities
beginning of year $6,036,831 · end of year $6,675,895
-
17 · Accounts payable and accrued expenses
beginning of year $2,568 · end of year $2,598
-
23 · Secured mortgages and notes payable
beginning of year $2,819,506 · end of year $2,920,336
-
27 · Net assets without donor restrictions
beginning of year -$1,055,528 · end of year -$616,294
-
28 · Net assets with donor restrictions
beginning of year $4,281,723 · end of year $4,381,723
Mission and programs · 2023
Mission
Maintain the endowment fund by being wise stewards.
-
To manage the endowment fund to ensure proper return on investments.
Expenses $156,282
As filed on the 2023 return.
Listed in Part VII
-
Jessie C Bowes Jr
Executive Director
- Total calculated
- $0
- Hours/week
- 40
-
Mike Wallace
Endowment
- Total calculated
- $0
- Hours/week
- 1
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
- 30 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442139349302024
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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