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Nonprofiteer
← THE MORE FOUNDATION

Form 990 for tax year 2022

Filed by THE MORE FOUNDATION.

Totals

Total revenue
$579,406
Total expenses
$518,986
Contributions and grants received
$558,827
Grants paid
$400,500
Program service revenue
$0
Investment income
$0
Other revenue
$20,579
Total assets, end of year
$474,261
Total liabilities, end of year
$2,844
Net assets or fund balances, end of year
$471,417
Program services expenses (Part IX)
$467,485
Management and general expenses
$45,918
Fundraising expenses
$5,583
Program service expenses (Part III)
$467,485

Program services were 90.1% 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.

  • 1c · Fundraising events

    $4,755

  • 1f · All other contributions, gifts and grants

    $554,072

  • 8a · Fundraising events: gross income

    $44,390

  • 8a · Fundraising events: contributions included on line 1c

    $4,755

  • 8b · Fundraising events: direct expenses

    $23,811

  • 8c · Net income from fundraising events

    total $20,579 · excluded $20,579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,500 · program services $400,500

  • 5 · Compensation of officers, directors and key employees

    total $71,200 · program services $42,720 · management and general $24,920 · fundraising $3,560

  • 10 · Payroll taxes

    total $5,446 · program services $3,268 · management and general $1,906 · fundraising $272

  • 11a · Fees: management

    total $15,000 · program services $15,000

  • 11c · Fees: accounting

    total $10,296 · management and general $10,296

  • 12 · Advertising and promotion

    total $584 · fundraising $584

  • 13 · Office expenses

    total $1,685 · program services $1,011 · management and general $590 · fundraising $84

  • 16 · Occupancy

    total $3,102 · program services $2,787 · management and general $315

  • 19 · Conferences, conventions and meetings

    total $1,299 · management and general $1,299

  • 23 · Insurance

    total $1,980 · management and general $1,980

  • 24a · Other expenses: UTILITIES

    total $2,612 · management and general $2,612

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,684 · management and general $1,684

  • 24c · Other expenses: REIMBURSEMENTS

    total $1,161 · program services $1,161

  • 24d · Other expenses: MARKETING MATERIALS

    total $1,044 · fundraising $1,044

  • 24e · All other expenses

    total $1,393 · program services $1,038 · management and general $316 · fundraising $39

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $146,312 · end of year $207,250

  • 7 · Other notes and loans receivable

    beginning of year $267,011 · end of year $267,011

  • 10a · Land, buildings and equipment: cost or other basis

    $6,799

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,799

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,326 · end of year $2,844

  • 27 · Net assets without donor restrictions

    beginning of year $410,997 · end of year $471,417

Mission and programs · 2022

Mission

THE MISSION OF THE MORE FOUNDATION IS TO PROVIDE FINANCIAL INCENTIVES TO ALL CARTER COUNTY PUBLIC HIGH SCHOOL GRADUATES FROM AVERAGE INCOME FAMILIES TO PURSUE HIGHER EDUCATION GOALS AT OKLAHOMA COLLEGES, UNIVERSITIES, AND VOCATIONAL-TECHNICAL SCHOOLS OF THEIR CHOICE.

  • PROVIDE SCHOLARSHIPS TO AREA STUDENTS TO FURTHER THEIR POST-HIGH SCHOOL EDUCATION.

    Expenses $467,485 · Grants $400,500

As filed on the 2022 return.

Listed in Part VII

  • Jeni Baker

    CHAIR, TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Julie Brady

    VICE CHAIR, TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Audrey Cox

    SECRETARY, TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jake Charnock

    TREASURER, TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jody Bennett

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Renita Broades

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Amy Hays

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paige Henry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Darryl Howard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ceondre' James

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Trish Long

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ryan Woerz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Arthur Farve

    ADVISORY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Susan Sparks Watt

    ADVISORY BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Scott Ownbey

    EXECUTIVE DIRECTOR

    Total calculated
    $71,200
    From this org
    $71,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Austin Klososky

    SCHOLARSHIP DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2022
Filed
13 July 2023
IRS schema version
2022v5.0
Source object
202332359349300718

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