Form 990 for tax year 2022
Filed by SPECIAL TREASURES OF IREDELL COUNTY INC.
Totals
- Total revenue
- $727,937
- Total expenses
- $542,999
- Contributions and grants received
- $31,052
- Grants paid
- $0
- Program service revenue
- $670,630
- Investment income
- $26,255
- Other revenue
- $0
- Total assets, end of year
- $1,483,983
- Total liabilities, end of year
- $72,071
- Net assets or fund balances, end of year
- $1,411,912
- Program services expenses (Part IX)
- $451,838
- Management and general expenses
- $91,161
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $451,838
Program services were 83.2% 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.
-
1f · All other contributions, gifts and grants
$31,052
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $670,630 · related or exempt $670,630
-
3 · Investment income
total $26,255 · related or exempt $26,255
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $215,340 · program services $141,845 · management and general $73,495
-
9 · Other employee benefits
total $34,316 · program services $22,649 · management and general $11,667
-
10 · Payroll taxes
total $17,645 · program services $11,646 · management and general $5,999
-
11c · Fees: accounting
total $3,000 · program services $3,000
-
11f · Fees: investment management
total $9,424 · program services $9,424
-
11g · Fees: other
total $3,389 · program services $3,389
-
12 · Advertising and promotion
total $5,830 · program services $5,830
-
13 · Office expenses
total $3,456 · program services $3,456
-
14 · Information technology
total $10,398 · program services $10,398
-
16 · Occupancy
total $61,100 · program services $61,100
-
22 · Depreciation, depletion and amortization
total $2,695 · program services $2,695
-
23 · Insurance
total $34,994 · program services $34,994
-
24a · Other expenses: CONTRIBUTIONS
total $46,679 · program services $46,679
-
24b · Other expenses: VEHICLE EXPENSES
total $34,496 · program services $34,496
-
24c · Other expenses: EMPLOYEE APPRECIATION
total $9,724 · program services $9,724
-
24d · Other expenses: WORKFORCE DEVELOPMENT
total $6,584 · program services $6,584
-
24e · All other expenses
total $43,929 · program services $43,929
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $107,789 · end of year $881,673
-
2 · Savings and temporary cash investments
beginning of year $765,174 · end of year $252,220
-
4 · Accounts receivable
beginning of year $40 · end of year $740
-
10a · Land, buildings and equipment: cost or other basis
$77,143
-
10b · Land, buildings and equipment: accumulated depreciation
$37,371
-
10c · Land, buildings and equipment, net
beginning of year $42,465 · end of year $39,772
-
11 · Investments: publicly traded securities
beginning of year $373,175 · end of year $309,578
-
17 · Accounts payable and accrued expenses
beginning of year $29,359 · end of year $37,655
-
25 · Other liabilities
beginning of year $100 · end of year $34,416
-
27 · Net assets without donor restrictions
beginning of year $689,936 · end of year $906,020
-
28 · Net assets with donor restrictions
beginning of year $569,248 · end of year $505,892
Mission and programs · 2022
Mission
TO PROVIDE WORK OPPORTUNITIES FOR FOSTER YOUTH AND YOUNG ADULTS. THE ORGANIZATION PROVIDES THE OPPORTUNITY TO LEARN SALES, MERCHANDISING, FURNITURE REUPOLSTERING, PAINTING AND REPAIR. THEY ALSO HELP TO OBTAIN INTERNSHIPS AND COMMUNITY MENTORS FOR FOSTER YOUTH AND PROVIDE TRANSITIONAL HOUSING TO THOSE WHO ARE NO LONGER ELIGIBLE FOR FOSTER CARE. THE ORGANIZATION ALSO PROVIDES SUPPORT TO YOUNG ADULTS THAT HAVE AGED OUT OF THE FOSTER SYSTEM AS THEY TRANSITION TO INDEPENDENT LIVING.
-
THE ORGANIZATION RUNS A THRIFT STORE THAT PROVIDES EMPLOYMENT OPPORTUNITIES FOR FOSTER YOUTH IN IREDELL COUNTY. THE PROFIT FROM THE STORE IS USED TO SUPPORT THE CHILDREN'S HOMES OF IREDELL COUNTY AND PROVDE TRANSITIONAL HELP TO YOUNG ADULTS WHO HAVE AGED OUT OF THE FOSTER CARE SYSTEM.
Expenses $451,838 · Revenue $670,630
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MICHELLE ABERCROMBIE
TREASURER
- Total calculated
- $0
-
KAREN EVANS
PRESIDENT
- Total calculated
- $0
-
DON KOEPNICK
BOARD MEMBER
- Total calculated
- $0
-
KATHY KRANZ
VICE PRESIDE
- Total calculated
- $0
-
PATRICIA SCHLAGETER
BOARD MEMBER
- Total calculated
- $0
-
BRENDA SPEECE
BOARD MEMBER
- Total calculated
- $0
-
JAMES STAPLES
BAORD MEMBER
- Total calculated
- $0
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341989349300119
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