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Nonprofiteer
← JAMES H HARLESS FOUNDATION INC

Form 990 for tax year 2022

Filed by JAMES H HARLESS FOUNDATION INC.

Totals

Total revenue
$1,225,975
Total expenses
$466,784
Contributions and grants received
$673,020
Grants paid
$201,293
Program service revenue
$6,750
Investment income
$546,205
Other revenue
$0
Total assets, end of year
$9,953,607
Total liabilities, end of year
$1,072
Net assets or fund balances, end of year
$9,952,535
Program services expenses (Part IX)
$201,293
Management and general expenses
$265,491
Fundraising expenses
$0
Program service expenses (Part III)
$201,293

Program services were 43.1% 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

    $673,020

  • 2a · Program service revenue: STUDENT HOUSING

    total $6,750 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $163,688 · unrelated business $0 · excluded $163,688

  • 7a · Gross sales of assets other than inventory

    securities $2,307,410

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

    securities $1,924,893

  • 7c · Gain or loss

    securities $382,517

  • 7d · Net gain or loss

    total $382,517 · related or exempt $0 · unrelated business $0 · excluded $382,517

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $201,293 · program services $201,293

  • 5 · Compensation of officers, directors and key employees

    total $45,000 · program services $2,423 · management and general $42,577 · fundraising $0

  • 9 · Other employee benefits

    total $6,422 · program services $345 · management and general $6,077 · fundraising $0

  • 10 · Payroll taxes

    total $3,443 · program services $185 · management and general $3,258 · fundraising $0

  • 11c · Fees: accounting

    total $9,500 · program services $0 · management and general $9,500 · fundraising $0

  • 11f · Fees: investment management

    total $103,129 · program services $0 · management and general $103,129 · fundraising $0

  • 13 · Office expenses

    total $12,635 · program services $0 · management and general $12,635 · fundraising $0

  • 20 · Interest

    total $63 · program services $0 · management and general $63 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $14,675 · program services $790 · management and general $13,885 · fundraising $0

  • 23 · Insurance

    total $11,988 · program services $645 · management and general $11,343 · fundraising $0

  • 24e · All other expenses

    total $58,636 · program services -$4,388 · management and general $63,024 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $368,541 · end of year $605,754

  • 2 · Savings and temporary cash investments

    beginning of year $402,178 · end of year $229,635

  • 5 · Loans and receivables from officers and key people

    beginning of year $4,613 · end of year $2,378

  • 10a · Land, buildings and equipment: cost or other basis

    $991,698

  • 10b · Land, buildings and equipment: accumulated depreciation

    $70,052

  • 10c · Land, buildings and equipment, net

    beginning of year $936,321 · end of year $921,646

  • 11 · Investments: publicly traded securities

    beginning of year $7,465,180 · end of year $8,176,243

  • 15 · Other assets

    beginning of year $17,591 · end of year $17,951

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,082 · end of year $1,072

  • 27 · Net assets without donor restrictions

    beginning of year $8,267,660 · end of year $8,817,013

  • 28 · Net assets with donor restrictions

    beginning of year $925,682 · end of year $1,135,522

Mission and programs · 2022

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE FOUNDATION FOR THE TRI-STATE COMMUNITY, INC. AND THE LARRY JOE HARLESS COMMUNITY CENTER FOUNDATION, INC.

Activities or mission (Part I)

SEE PART III, LINE 1 FOR THE ORGANIZATION'S MISSION

  • ASSISTANCE WAS PROVIDED TO THE ABOVE-NAMED ORGANIZATIONS WHICH ENABLED THEM TO SUSTAIN THEIR PROGRAMS THAT PROMOTED THE HEALTH, EDUCATION, FAITH AND QUALITY OF LIFE TO THE CITIZENS OF SOUTHERN WEST VIRGINIA.

    Expenses $178,141 · Grants $178,141 · Revenue $1,930

  • THE ORGANIZATION PROVIDED ASSISTANCE IN THE FORM OF CASH CONTRIBUTIONS TO CHARITIES OTHER THAN ITS SUPPORTED ORGANIZATIONS. CONTRIBUTIONS TO THESE CHARITIES WERE MADE IN FURTHERANCE OF THE MISSIONS OF THE SUPPORTED ORGANIZATIONS IN THAT THE EDUCATIONAL, RELIGIOUS, CHARITABLE AND LITERARY ACTIVITIES BENEFITED THE CITIZENS OF SOUTHERN, WEST VIRGINIA. THERE WERE EIGHTEEN (18) SUCH ORGANIZATIONS THAT RECEIVED THIS FORM OF ASSISTANCE FROM THE ORGANIZATION IN 2022.

    Expenses $8,160 · Grants $8,160

  • THE ORGANIZATION PROVIDED HOUSING FOR WEST VIRGINIA UNIVERSITY MEDICAL STUDENTS AT ITS FACILITIES LOCATED IN THE TOWN OF GILBERT, MINGO COUNTY, WEST VIRGINIA. DUE TO THE PANDEMIC THESE FACILITIES WERE NOT AVAILABLE UNTIL THE LATTER PART OF 2020. THE ORGANIZATION WAS ABLE TO PROVIDE HOUSING FOR SEVEN(7)STUDENTS IN 2020, EIGHTEEN EIGHTEEN (18) IN 2021 AND FOURTEEN (14) IN 2022.

    Expenses $4,992 · Revenue $6,750

  • WEST VIRGINIA UNIVERSITY FOUNDATION "LUCAS PROGRAM"

    Expenses $10,000 · Grants $10,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary G White

    PRES/DIR

    Total calculated
    $11,475
    From this org
    $11,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Mary Witten Wiseman

    VICE PRES/DIR

    Total calculated
    $0
    Hours/week
    1

  • Bc McGinnis III

    SEC/DIR

    Total calculated
    $0
    Hours/week
    0.5

  • Sharon Murphy

    TREAS/DIR

    Total calculated
    $45,000
    From this org
    $45,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Dan R Moore

    DIRECTOR

    Total calculated
    $11,475
    From this org
    $11,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.25

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
202313159349301411

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