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Nonprofiteer
← LM VINTNERS INC

Form 990 for tax year 2023

Filed by LM VINTNERS INC.

Totals

Total revenue
$169,500
Total expenses
$86,648
Contributions and grants received
$85,000
Grants paid
$0
Program service revenue
$84,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$416,256
Total liabilities, end of year
$44,956
Net assets or fund balances, end of year
$371,300
Program services expenses (Part IX)
$84,112
Management and general expenses
$2,536
Fundraising expenses
$0
Program service expenses (Part III)
$84,112

Program services were 97.1% 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

    $85,000

  • 2a · Program service revenue: MSA SALARY

    total $84,500 · excluded $84,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 24a · Other expenses: MSA - SALARY EXPENSE

    total $84,112 · program services $84,112

  • 24b · Other expenses: BANK SERVICE FEE

    total $36 · management and general $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,049 · end of year $901

  • 15 · Other assets

    beginning of year $329,355 · end of year $415,355

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,956 · end of year $44,956

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $288,448 · end of year $371,300

Mission and programs · 2023

Mission

NOT FOR PROFIT ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE AND LIMITED TO ACTIVITIES INVOLVING THE ADVANCEMENT OF EDUCATIONAL SUPPORT TO LAKE MICHIGAN COLLEGE THROUGH OPERATION OF A WINERY AND VITICULTURE BUSINESS.

  • ADVANCEMENT OF EDUCATIONAL SUPPORT TO LAKE MICHIGAN COLLEGE THROUGH THE OWNERSHIP AND OPERATION OF A WINERY AND VITICULTURE BUSINESS.

    Expenses $84,112 · Revenue $169,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PAT MOODY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHUCK PHILIP

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LISA WELCH

    SECRETARY

    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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • LAKE MICHIGAN VINTNERS LLC

    C · TO OWN AND OPERATE A TEACHING WINERY AND VITICULTURE BUSINESS · MI · 100% owned · share of income -$103,884 · share of assets $135,835

    Directly controlled by LM VINTNERS INC

Provenance

Return type
form_990
Tax year
2023
Filed
5 December 2024
IRS schema version
2023v5.1
Source object
202423479349301502

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