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Nonprofiteer
← COMSERV FOUNDATION FOUNDED BY WAYNE WILLIAMS

Form 990 for tax year 2022

Filed by COMSERV FOUNDATION FOUNDED BY WAYNE WILLIAMS.

Totals

Total revenue
$456,524
Total expenses
$178,427
Contributions and grants received
$1,300
Grants paid
$0
Program service revenue
$163,200
Investment income
$292,024
Other revenue
$0
Total assets, end of year
$1,793,176
Total liabilities, end of year
$85,174
Net assets or fund balances, end of year
$1,708,002
Program services expenses (Part IX)
$178,427
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$178,427

Program services were 100.0% 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

    $1,300

  • 2a · Program service revenue: RENTAL INCOME

    total $163,200 · related or exempt $163,200

  • 3 · Investment income

    total $22,408 · excluded $22,408

  • 7a · Gross sales of assets other than inventory

    securities $437,140

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

    securities $167,524

  • 7c · Gain or loss

    securities $269,616

  • 7d · Net gain or loss

    total $269,616 · related or exempt $269,616

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,012 · program services $6,012

  • 11g · Fees: other

    total $20,239 · program services $20,239

  • 13 · Office expenses

    total $700 · program services $700

  • 16 · Occupancy

    total $1,864 · program services $1,864

  • 19 · Conferences, conventions and meetings

    total $612 · program services $612

  • 20 · Interest

    total $4,350 · program services $4,350

  • 22 · Depreciation, depletion and amortization

    total $30,518 · program services $30,518

  • 23 · Insurance

    total $11,921 · program services $11,921

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $53,993 · program services $53,993

  • 24b · Other expenses: DONATIONS

    total $47,276 · program services $47,276

  • 24c · Other expenses: PROPERTY TAX

    total $860 · program services $860

  • 24d · Other expenses: MISCELLANEOUS

    total $82 · program services $82

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $242,811 · end of year $508,701

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,521 · end of year $2,672

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

    $1,429,930

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

    $541,533

  • 10c · Land, buildings and equipment, net

    beginning of year $1,058,287 · end of year $888,397

  • 12 · Investments: other securities

    beginning of year $316,153 · end of year $391,685

  • 15 · Other assets

    beginning of year $796 · end of year $1,721

  • 17 · Accounts payable and accrued expenses

    beginning of year $960 · end of year $235

  • 23 · Secured mortgages and notes payable

    beginning of year $139,021 · end of year $51,166

  • 25 · Other liabilities

    beginning of year $13,667 · end of year $33,773

  • 27 · Net assets without donor restrictions

    beginning of year $1,466,920 · end of year $1,708,002

Mission and programs · 2022

Mission

TO ENHANCE THE LIVES OF HANDICAPPED PERSONS THROUGH THE SUPPORT AND SPONSORSHIP OF PROGRAMS DESIGNED TO PROMOTE COMMUNITY INTEGRATION AND LIVING ENVIRONMENTS. TO PROVIDE HOUSING, TRANSPORTATION AND OTHER SERVICES TO HANDICAPPED INDIVIDUALS IN BURKE, MCDOWELL AND CLEVELAND COUNTIES.

  • TO PROVIDE HOUSING, TRANSPORTATION AND OTHER SERVICES TO HANDICAPPED INDIVIDUALS IN BURKE, MCDOWELL, AND CLEVELAND COUNTIES.

    Expenses $178,427 · Revenue $432,816

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Ward

    PRESIDENT

    Total calculated
    $6,570
    From this org
    $6,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Marilyn Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dawn Kelley

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul Norwood

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202441299349302864

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