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← LE MARS AREA BETTERMENT FOUNDATION

Form 990 for tax year 2023

Filed by LE MARS AREA BETTERMENT FOUNDATION.

Totals

Total revenue
$56,017
Total expenses
$1,193,519
Contributions and grants received
$50,000
Grants paid
$1,142,020
Program service revenue
$0
Investment income
$6,017
Other revenue
$0
Total assets, end of year
$585,885
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$585,885
Program services expenses (Part IX)
$1,142,020
Management and general expenses
$51,499
Fundraising expenses
$0
Program service expenses (Part III)
$1,142,020

Program services were 95.7% 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

    $50,000

  • 3 · Investment income

    total $6,017 · excluded $6,017

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,142,020 · program services $1,142,020

  • 11c · Fees: accounting

    total $5,700 · management and general $5,700

  • 11g · Fees: other

    total $6,842 · management and general $6,842

  • 24a · Other expenses: BAD DEBT

    total $38,957 · management and general $38,957

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,617,216 · end of year $533,885

  • 4 · Accounts receivable

    beginning of year $106,171 · end of year $52,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,723,387 · end of year $585,885

Mission and programs · 2023

Mission

THE PURPOSE OF THE ORGANIZATION IS TO RAISE FUNDS TO BE USED BY VARIOUS NOT FOR PROFIT ORGANIZATIONS WITHIN THE GREATER LE MARS AREA FOR IMPROVING THE QUALITY OF LIFE FOR THE CITIZENS OF THE AREA.

Activities or mission (Part I)

THE PURPOSE OF THE ORGANIZATION IS TO RAISE FUNDS TO BE USED BY VARIOUS NOT FOR PROFIT ORGANIZATIONS WITHIN THE GREATER LE MARS AREA FOR IMPROVING THE QUALITY OF LIFE FOR CITIZENS OF THE AREA.

  • RAISE FUNDS FOR THE PURPOSE OF MAKING GRANTS IN RESPONSE TO COMMUNITY NEEDS, CHALLENGES AND OPPORTUNITIES, ERECT AND MAINTAIN PUBLIC BUILDINGS, PUBLIC MONUMENTS AND PUBLIC WORKS, LESSEN THE BURDEN ON GOVERNMENT, AND FACILITATE PARTNERSHIPS TO TO IDENTIFY AND ADDRESS QUALITY OF LIFE IMPROVEMENTS AND ENHANCEMENTS FOR THE LE MARS AREA.

    Expenses $1,142,020 · Grants $1,142,020

As filed on the 2023 return.

Listed in Part VII

  • Angie Erdmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Klein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Kneip

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jeff Kramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Nuebel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Rexwinkel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tammy Sudtelgte

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Dustin Wright

    PRESIDENT

    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
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202421309349302902

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