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Nonprofiteer
← BOYS CLUB OF PARKERSBURG FOUNDATION INC

Form 990 for tax year 2023

Filed by BOYS CLUB OF PARKERSBURG FOUNDATION INC.

Totals

Total revenue
$64,685
Total expenses
$11,025
Contributions and grants received
$45,000
Grants paid
$0
Program service revenue
$0
Investment income
$18,351
Other revenue
$1,334
Total assets, end of year
$846,679
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$846,679
Program services expenses (Part IX)
$0
Management and general expenses
$11,025
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $45,000

  • 3 · Investment income

    total $24,852 · excluded $24,852

  • 5 · Royalties

    total $1,334 · excluded $1,334

  • 7a · Gross sales of assets other than inventory

    securities $193,290 · other assets $1,646

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

    securities $201,437

  • 7c · Gain or loss

    securities -$8,147 · other assets $1,646

  • 7d · Net gain or loss

    total -$6,501 · related or exempt -$8,147 · excluded $1,646

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $10,400 · management and general $10,400

  • 11c · Fees: accounting

    total $600 · management and general $600

  • 24a · Other expenses: WV CORPORATE LICENSE TAX

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $194 · end of year $194

  • 2 · Savings and temporary cash investments

    beginning of year $38,777 · end of year $106,790

  • 4 · Accounts receivable

    beginning of year $75 · end of year $600

  • 11 · Investments: publicly traded securities

    beginning of year $753,709 · end of year $739,095

  • 31 · Retained earnings, endowment or other funds

    beginning of year $792,755 · end of year $846,679

Mission and programs · 2023

Mission

THIS FOUNDATION OPERATES FOR THE SOLE PURPOSE OF FUNDING THE BOYS CLUB OF PARKERSBURG, WHICH IS ITSELF AN EXEMPT ORGANIZATION. THE BOYS CLUB OF PARKERSBURG IS THE ONLY ORGANIZATION TO WHICH THE FOUNDATION DISTRIBUTES FUNDS.

  • THIS FOUNDATION OPERATES FOR THE SOLE PURPOSE OF FUNDING THE BOYS CLUB OF PARKERSBURG, WHICH IS ITSELF AN EXEMPT ORGANIZATION. THE BOYS CLUB OF PARKERSBURG IS THE ONLY ORGANIZATION TO WHICH THE FOUNDATION DISTRIBUTES FUNDS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • United Bank Inc

    AGENT

    Total calculated
    $10,400
    From this org
    $10,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dave Cyrus

    DIRECTOR

    Total calculated
    $0

  • Rebecca Deem-McGinnis

    SECRETARY

    Total calculated
    $0

  • Jfred Early

    PRESIDENT

    Total calculated
    $0

  • Mark Gaston

    VICE PRESIDE

    Total calculated
    $0

  • Denny Harton

    DIRECTOR

    Total calculated
    $0

  • John Rockhold III

    DIRECTOR

    Total calculated
    $0

  • David E Lewis

    TREASURER

    Total calculated
    $0

  • Robert Newell

    DIRECTOR

    Total calculated
    $0

  • Wes Tracewell

    DIRECTOR

    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
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202411299349302631

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