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← PLANK FOUNDATION

Form 990 for tax year 2022

Filed by PLANK FOUNDATION.

Totals

Total revenue
$1,934
Total expenses
$61,355
Contributions and grants received
$9,501
Grants paid
$42,000
Program service revenue
$0
Investment income
-$26,166
Other revenue
$18,599
Total assets, end of year
$779,613
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$779,613
Program services expenses (Part IX)
$42,000
Management and general expenses
$19,355
Fundraising expenses
$0
Program service expenses (Part III)
$42,000

Program services were 68.5% 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

    $9,501

  • 3 · Investment income

    total $22,546 · related or exempt $22,546

  • 7a · Gross sales of assets other than inventory

    securities $1,349,013

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

    securities $1,397,725

  • 7c · Gain or loss

    securities -$48,712

  • 7d · Net gain or loss

    total -$48,712 · related or exempt -$48,712

  • 8a · Fundraising events: gross income

    $28,240

  • 8b · Fundraising events: direct expenses

    $13,111

  • 8c · Net income from fundraising events

    total $15,129 · excluded $15,129

  • 9a · Gaming: gross income

    $3,970

  • 9b · Gaming: direct expenses

    $500

  • 9c · Net income from gaming

    total $3,470 · excluded $3,470

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,000 · program services $42,000

  • 11c · Fees: accounting

    total $963 · management and general $963

  • 11f · Fees: investment management

    total $12,761 · management and general $12,761

  • 23 · Insurance

    total $1,560 · management and general $1,560

  • 24a · Other expenses: PRINTING AND POSTAGE

    total $2,140 · management and general $2,140

  • 24b · Other expenses: OFFICE EXPENSES

    total $1,615 · management and general $1,615

  • 24c · Other expenses: BANK FEES

    total $172 · management and general $172

  • 24d · Other expenses: OFFICE AWARDS AND GIFTS

    total $50 · management and general $50

  • 24e · All other expenses

    total $94 · management and general $94

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,395 · end of year $13,924

  • 12 · Investments: other securities

    beginning of year $780,226 · end of year $763,089

  • 15 · Other assets

    beginning of year $2,600 · end of year $2,600

  • 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 $786,221 · end of year $779,613

Mission and programs · 2022

Mission

FINANCIAL AID TO ORGANIZATION & INDIVIDUALS.

Activities or mission (Part I)

TO SUPPORT KERN COUNTY FIGHT AGAINST CANCER, HOSPICE EFFORTS AND IMMEDIATE COMMUNITY NEEDS.

  • FIGHT AGAINST CANCER

    Expenses $17,500 · Grants $17,500

  • HOSPICE SUPPORT

    Expenses $15,000 · Grants $15,000

  • COMMUNITY NEEDS

    Expenses $9,500 · Grants $9,500

As filed on the 2022 return.

Listed in Part VII

  • Michelle Avila

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Burch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Michele Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Bob Parker

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Burger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Charette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Amanda Frank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ross Hoffmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Quon Louey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Terry Maxwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Scarlett Sabin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cherie Shoemake

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343179349310739

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