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Nonprofiteer
← NAT KING COLE GENERATION HOPE INC

Form 990 for tax year 2022

Filed by NAT KING COLE GENERATION HOPE INC.

Totals

Total revenue
$313,105
Total expenses
$228,256
Contributions and grants received
$313,073
Grants paid
$7,850
Program service revenue
$0
Investment income
$32
Other revenue
$0
Total assets, end of year
$164,155
Total liabilities, end of year
$4,504
Net assets or fund balances, end of year
$159,651
Program services expenses (Part IX)
$182,814
Management and general expenses
$33,076
Fundraising expenses
$12,366
Program service expenses (Part III)
$182,814

Program services were 80.1% 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.

  • 1f · All other contributions, gifts and grants

    $313,073

  • 3 · Investment income

    total $32 · unrelated business $0 · excluded $32

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,850 · program services $7,850

  • 5 · Compensation of officers, directors and key employees

    total $65,000 · program services $46,800 · management and general $11,700 · fundraising $6,500

  • 7 · Other salaries and wages

    total $49,369 · program services $35,546 · management and general $8,886 · fundraising $4,937

  • 10 · Payroll taxes

    total $8,749 · program services $6,299 · management and general $1,575 · fundraising $875

  • 11c · Fees: accounting

    total $4,675 · program services $0 · management and general $4,675 · fundraising $0

  • 11g · Fees: other

    total $44,605 · program services $44,576 · management and general $19 · fundraising $10

  • 13 · Office expenses

    total $2,039 · program services $1,529 · management and general $510 · fundraising $0

  • 16 · Occupancy

    total $14,400 · program services $12,240 · management and general $2,160 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,454 · program services $2,012 · management and general $442 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $108 · program services $0 · management and general $108 · fundraising $0

  • 23 · Insurance

    total $3,190 · program services $2,461 · management and general $685 · fundraising $44

  • 24a · Other expenses: Website Development & Maint.

    total $6,779 · program services $6,101 · management and general $678 · fundraising $0

  • 24b · Other expenses: Printing, Postage & Copying

    total $4,225 · program services $4,225 · management and general $0 · fundraising $0

  • 24c · Other expenses: Music Program

    total $12,765 · program services $12,765 · management and general $0 · fundraising $0

  • 24d · Other expenses: Dues & Subscriptions

    total $410 · program services $410 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,638 · program services $0 · management and general $1,638 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,103 · end of year $146,243

  • 3 · Pledges and grants receivable

    end of year $17,542

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

    $1,842

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

    $1,842

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $479 · end of year $370

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,780 · end of year $4,504

  • 27 · Net assets without donor restrictions

    beginning of year $61,345 · end of year $110,713

  • 28 · Net assets with donor restrictions

    beginning of year $13,457 · end of year $48,938

Mission and programs · 2022

Mission

To provide music education to children with the greatest need and fewest resources. We accomplish this mission by funding programs which provide for instruction,

  • Funding music education programs which provide for instruction, mentoring and resources.

    Expenses $182,814 · Grants $7,850 · Revenue $313,073

As filed on the 2022 return.

Listed in Part VII

  • Timolin Cole-Augustus

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    4

  • Casey Cole-Ray

    President

    Total calculated
    $0
    Hours/week
    4

  • Karli Vazquez-Mendez

    Board Member

    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

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202331949349301538

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