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Nonprofiteer
← WFG FOUNDATION INC

Form 990 for tax year 2022

Filed by WFG FOUNDATION INC.

Totals

Total revenue
$667,712
Total expenses
$344,742
Contributions and grants received
$643,744
Grants paid
$240,907
Program service revenue
$0
Investment income
$24,458
Other revenue
-$490
Total assets, end of year
$1,313,179
Total liabilities, end of year
$354,905
Net assets or fund balances, end of year
$958,274
Program services expenses (Part IX)
$240,907
Management and general expenses
$103,835
Fundraising expenses
$0
Program service expenses (Part III)
$240,907

Program services were 69.9% 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.

  • 1d · Related organizations

    $487,640

  • 1f · All other contributions, gifts and grants

    $156,104

  • 3 · Investment income

    total $24,458 · excluded $24,458

  • 8a · Fundraising events: gross income

    $4,200

  • 8b · Fundraising events: direct expenses

    $4,690

  • 8c · Net income from fundraising events

    total -$490 · excluded -$490

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $240,907 · program services $240,907

  • 11c · Fees: accounting

    total $8,675 · management and general $8,675

  • 24a · Other expenses: GIFT ANNUITY PAYMENTS

    total $88,692 · management and general $88,692

  • 24b · Other expenses: BANK CHARGES

    total $5,338 · management and general $5,338

  • 24c · Other expenses: LICENSES & PERMITS

    total $1,130 · management and general $1,130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $375,702 · end of year $389,006

  • 4 · Accounts receivable

    beginning of year $18 · end of year $6,275

  • 11 · Investments: publicly traded securities

    beginning of year $1,142,248 · end of year $917,898

  • 25 · Other liabilities

    beginning of year $727,329 · end of year $354,905

  • 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 $790,639 · end of year $958,274

Mission and programs · 2022

Mission

ESTABLISHING NEIGHBORHOOD ENHANCEMENT PROGRAMS, PROMOTING EDUCATIONAL AND SCHOLARSHIP OPPORTUNITIES, AND FOSTERING COMMUNITY TOGETHERNESS, AWARENESS, AND INTERCOMMUNICATION.

Activities or mission (Part I)

ESTABLISHING NEIGHBORHOOD ENHANCEMENT PROGRAMS PROMOTING EDUCATIONAL AND SCHOLARSHIP OPPORTUNITIES FOSTERING COMMUNITY TOGETHERNESS, AWARENESS, AND INTERCOMMUNICATION.

  • FOSTERING COMMUNITY TOGETHERNESS, AWARENESS, AND INTERCOMMUNICATION.

    Expenses $240,907 · Grants $240,907

As filed on the 2022 return.

Listed in Part VII

  • Susan E Davies

    PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Jun Dela Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sunny Huang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Juan Jaime

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kimme Le

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Brian Loiseau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Penney N Ooi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Brian Beitzel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Smith

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Caryl P Shepherd

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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

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.

  • WORLD FINANCIAL GROUP INC

    C · MARKETING · DE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349307608

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