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← OPEN DOOR MINISTRIES OF HIGH POINT FOUNDATION INC

Form 990 for tax year 2022

Filed by OPEN DOOR MINISTRIES OF HIGH POINT FOUNDATION INC.

Totals

Total revenue
$984,249
Total expenses
$218,276
Contributions and grants received
$929,791
Grants paid
$200,000
Program service revenue
$0
Investment income
$54,458
Other revenue
$0
Total assets, end of year
$3,161,629
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,161,629
Program services expenses (Part IX)
$200,000
Management and general expenses
$18,276
Fundraising expenses
$0
Program service expenses (Part III)
$200,000

Program services were 91.6% 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

    $929,791

  • 3 · Investment income

    total $89,100 · excluded $89,100

  • 7a · Gross sales of assets other than inventory

    securities $185,068

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

    securities $219,710

  • 7c · Gain or loss

    securities -$34,642

  • 7d · Net gain or loss

    total -$34,642 · excluded -$34,642

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 11f · Fees: investment management

    total $18,276 · management and general $18,276

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,760,132 · end of year $3,161,629

  • 28 · Net assets with donor restrictions

    beginning of year $2,760,132 · end of year $3,161,629

Mission and programs · 2022

Mission

THE FOUNDATION IS A SUPPORTING ORGANIZATION OF OPEN DOOR MINISTRIES OF HIGH POINT, INC. AND IS OPERATED TO BUILD AN ENDOWMENT FOR, AND TO SUPPORT THE OPERATIONS OF, OPEN DOOR MINISTRIES OF HIGH POINT, INC.

Activities or mission (Part I)

THE FOUNDATION'S PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE BENEFIT OF OPEN DOOR MINISTRIES OF HIGH POINT, INC., A 501(C)(3) NONPROFIT CORPORATION.

  • RAISED FUNDS FOR THE BENEFIT OF OPEN DOOR MINISTRIES OF HIGH POINT, INC. CONTRIBUTED $100,000 TO OPEN DOOR MINISTRIES DURING 2020.

    Expenses $200,000 · Grants $200,000

As filed on the 2022 return.

Listed in Part VII

  • David S Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Mark Nelson 12 Year

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lore Fariss 12 Year

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Barbara B Coughlin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nancy W Laney

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Raymond A Bretzmann

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 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

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 May 2023
IRS schema version
2022v5.0
Source object
202343119349301524

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