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Nonprofiteer
← POWDER RIVER ENERGY CORPORATIONFOUNDATION INC

Form 990 for tax year 2023

Filed by POWDER RIVER ENERGY CORPORATIONFOUNDATION INC.

Totals

Total revenue
$700,434
Total expenses
$387,688
Contributions and grants received
$680,813
Grants paid
$256,612
Program service revenue
$0
Investment income
$19,621
Other revenue
$0
Total assets, end of year
$1,226,698
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,226,698
Program services expenses (Part IX)
$256,612
Management and general expenses
$88,816
Fundraising expenses
$42,260
Program service expenses (Part III)
$256,612

Program services were 66.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $92,183

  • 1d · Related organizations

    $274,650

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $313,980

  • 1g · Noncash contributions included above

    $51,954

  • 3 · Investment income

    total $19,621 · related or exempt $0 · unrelated business $0 · excluded $19,621

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: gross income

    $23,375

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

    $23,375

  • 8b · Fundraising events: direct expenses

    $23,375

  • 9a · Gaming: gross income

    $15,935

  • 9b · Gaming: direct expenses

    $15,935

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $203,912 · program services $203,912

  • 2 · Grants to domestic individuals

    total $52,700 · program services $52,700

  • 11a · Fees: management

    total $73,680 · management and general $73,680

  • 11b · Fees: legal

    total $75 · management and general $75

  • 11c · Fees: accounting

    total $9,250 · management and general $9,250

  • 12 · Advertising and promotion

    total $42,260 · fundraising $42,260

  • 13 · Office expenses

    total $1,495 · management and general $1,495

  • 19 · Conferences, conventions and meetings

    total $4,042 · management and general $4,042

  • 24e · All other expenses

    total $274 · management and general $274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $575,838 · end of year $269,554

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $405,037

  • 3 · Pledges and grants receivable

    beginning of year $5,689 · end of year $2,417

  • 4 · Accounts receivable

    beginning of year $0 · end of year $237,100

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $10,188 · end of year $8,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $255,493 · end of year $303,895

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $67 · end of year $0

  • 18 · Grants payable

    end of year $0

  • 19 · Deferred revenue

    end of year $0

  • 20 · Tax-exempt bond liabilities

    end of year $0

  • 21 · Escrow or custodial account liability

    end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $842,141 · end of year $1,224,198

  • 28 · Net assets with donor restrictions

    beginning of year $5,000 · end of year $2,500

Mission and programs · 2023

Mission

The mission of Powder River Energy Corporation Foundation, Inc. is to demonstrate our commitment to individuals and non-profit or charitable organizations in northeast Wyoming by lending a helping hand that will improve their quality of life or serve their community.

Activities or mission (Part I)

To accumulate and distribute funds for charitable purposes.

  • Awarded grants and scholarships to more than 100 separate entities. Funds will help improve the life or provide services to communities and directly assist more than 40,000 individuals and families in northeast Wyoming.

    Expenses $256,612 · Grants $256,612

As filed on the 2023 return.

Listed in Part VII

  • Joseph Roth

    Executive Director

    Total calculated
    $188,985
    From this org
    $0
    From related orgs
    $150,017
    Other
    $38,968
    Hours/week
    3 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,181 related
    Bonus
    $0 + $6,836 related
    Other
    $0
    Deferred
    $0 + $35,378 related
    Nontaxable benefits
    $0 + $3,590 related
    Filer's total
    $0 + $188,985 related

  • Jeffery Bumgarner

    Executive Director

    Total calculated
    $156,782
    From this org
    $0
    From related orgs
    $130,364
    Other
    $26,418
    Hours/week
    1.7 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,090 related
    Bonus
    $0 + $6,274 related
    Other
    $0
    Deferred
    $0 + $7,523 related
    Nontaxable benefits
    $0 + $18,895 related
    Filer's total
    $0 + $156,782 related

  • John Flocchini

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Susan Berry

    Vice Chairman

    Total calculated
    $0
    Hours/week
    8

  • Zeta Anderson

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Joanie Kiser

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Yemington

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mary Geier

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Michelle Edwards

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Laci Schiffer

    Director

    Total calculated
    $0
    Hours/week
    2

  • John Riesland

    Director

    Total calculated
    $0
    Hours/week
    2

  • Phil Jordan

    Director

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part II
Joseph Roth - Includes the change in actuarial value of the defined benefit plan of $26,848. Actual contribution to the plan was $29,205. Jeffery Bumgarner - Includes the change in actuarial value of the defined benefit plan of $0. Jeffery retired during 2023. Actual contribution to the plan was $25,462.26.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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
2023
Filed
8 November 2024
IRS schema version
2023v5.0
Source object
202423139349304567

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