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← JIM AND CAROL WEST FOUNDATION

Form 990 for tax year 2022

Filed by JIM AND CAROL WEST FOUNDATION.

Totals

Total revenue
$314,734
Total expenses
$354,035
Contributions and grants received
$313,433
Grants paid
$16,700
Program service revenue
$0
Investment income
$1,301
Other revenue
$0
Total assets, end of year
$111,644
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$111,644
Program services expenses (Part IX)
$349,655
Management and general expenses
$4,380
Fundraising expenses
$0
Program service expenses (Part III)
$349,655

Program services were 98.8% 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

    $313,433

  • 3 · Investment income

    total $1,301 · related or exempt $1,301

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,700 · program services $16,700

  • 11c · Fees: accounting

    total $1,350 · management and general $1,350

  • 13 · Office expenses

    total $3,030 · management and general $3,030

  • 24a · Other expenses: SEE ATTACHED LIST

    total $332,955 · program services $332,955

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $341 · end of year $341

  • 2 · Savings and temporary cash investments

    beginning of year $150,604 · end of year $111,303

  • 31 · Retained earnings, endowment or other funds

    beginning of year $150,945 · end of year $111,644

Mission and programs · 2022

Mission

GOLF TOURNAMENT PROCEEDS PRIMARILY SUPPORT TEXAS STATE GOLF TEAM AND ATHLETIC SCHOLARSHIPS.

  • THE JIM WEST CHALLENGE GOLF TOURNAMENT IS THE ONLY EVENT THAT THE FOUNDATION PRODUCES AND HOSTS. THIS IS UNDERTAKEN ON BEHALF OF THE GOLF PROGRAM AT THE TEXAS STATE UNIVERSITY. THE NCAA EVENT IS FOR THAT PURPOSE. THERE IS NO PROGRAM SERVICE FROM WHICH THE FOUNDATION DERIVES REVENUES OR INCURS EXPENSES. THE GOLF TOURNAMENT WAS POSTPONED IN THE YEAR 2020, DUE TO THE HEALTH AND PUBLIC SAFETY CONCERNS AND HAZARDS WHEN THE COVID-19 PANDEMIC SHUT DOWN ALMOST ALL ACTIVITY, INCLUDING EVENTS LIKE THIS ONE, ACROSS THE COUNTRY. THE EVENT AND ALL OTHER RELATED ACTIVITIES RESUMED IN 2021. THIS WAS BASED ON PUBLIC HEALTH GUIDANCE AND THE WILLINGNESS OF SCHOOLS TO HAVE THEIR ATHLETES PARTICIPATE IN EVENTS LIKE THIS ONE.

    Expenses $349,655 · Revenue $313,433

As filed on the 2022 return.

Listed in Part VII

  • Austin West

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Chloe Skelly

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Jim West

    PRESIDENT & DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Carol West

    SECTY TREAS & DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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

  • TEXAS STATE UNIVERSITY

    $16,700

    SCHOLARSHIP

Provenance

Return type
form_990
Tax year
2022
Filed
14 September 2023
IRS schema version
2022v5.0
Source object
202312589349301296

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