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← SMECO CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by SMECO CHARITABLE FOUNDATION INC.

Totals

Total revenue
$79,313
Total expenses
$62,597
Contributions and grants received
$105,127
Grants paid
$58,000
Program service revenue
$0
Investment income
$12
Other revenue
-$25,826
Total assets, end of year
$299,826
Total liabilities, end of year
$61,975
Net assets or fund balances, end of year
$237,851
Program services expenses (Part IX)
$58,000
Management and general expenses
$4,597
Fundraising expenses
$0
Program service expenses (Part III)
$83,826

Program services were 92.7% 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.

  • 1c · Fundraising events

    $105,127

  • 3 · Investment income

    total $12 · excluded $12

  • 8a · Fundraising events: contributions included on line 1c

    $105,127

  • 8b · Fundraising events: direct expenses

    $25,826

  • 8c · Net income from fundraising events

    total -$25,826

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $58,000 · program services $58,000

  • 13 · Office expenses

    total $1,470 · management and general $1,470

  • 24a · Other expenses: TAXES

    total $3,127 · management and general $3,127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,664 · end of year $1,008

  • 2 · Savings and temporary cash investments

    end of year $26,168

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

    $272,650

  • 10c · Land, buildings and equipment, net

    beginning of year $272,650 · end of year $272,650

  • 25 · Other liabilities

    beginning of year $48,568 · end of year $61,975

  • 31 · Retained earnings, endowment or other funds

    beginning of year $241,746 · end of year $237,851

Mission and programs · 2023

Mission

TO SERVE AS THE CONDUIT FOR SMECO'S CHARITABLE ACTIVITIES BY APPLYING ITS INCOME FROM VARIOUS EVENTS (GOLF TOURNAMENTS, WALKATHONS, BIKE RIDES AND OTHER COMMUNITY EVENTS) AND PRINCIPAL ASSETS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES THROUGH DIRECT CONTRIBUTIONS AND AWARDING GRANTS TO OTHER ORGANIZATIONS, INCLUDING BUT NOT LIMITED TO THOSE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • HOSTING AND PARTICIPATING IN VARIOUS EVENTS (GOLF TOURNAMENTS, WALKATHONS, BIKE RIDES AND OTHER COMMUNITY EVENTS)WITH PROCEEDS BENEFITTING OTHER ORGANIZATIONS, INCLUDING BUT NOT LIMITED TO THOSE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THROUGH DIRECT CONTRIBUTIONS AND AWARDING OF GRANTS.

    Expenses $83,826 · Grants $58,000

  • HOSTING AND PARTICIPATING IN VARIOUS EVENTS (GOLF TOURNAMENTS, WALKATHONS, BIKE RIDES AND OTHER COMMUNITY EVENTS)WITH PROCEEDS BENEFITTING OTHER ORGANIZATIONS, INCLUDING BUT NOT LIMITED TO THOSE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THROUGH DIRECT CONTRIBUTIONS AND AWARDING OF GRANTS.

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

Listed in Part VII

  • Sonja M Cox

    VICE PRESIDE

    Total calculated
    $883,705
    From this org
    $0
    From related orgs
    $671,400
    Other
    $212,305
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $525,000 related
    Bonus
    not reported + $50,000 related
    Other
    not reported + $96,400 related
    Deferred
    not reported + $186,392 related
    Nontaxable benefits
    not reported + $25,913 related
    Filer's total
    not reported + $883,705 related

  • Mark A MacDougall

    SECRETARY

    Total calculated
    $562,068
    From this org
    $0
    From related orgs
    $440,628
    Other
    $121,440
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $363,913 related
    Bonus
    not reported + $21,689 related
    Other
    not reported + $55,026 related
    Deferred
    not reported + $112,324 related
    Nontaxable benefits
    not reported + $9,116 related
    Filer's total
    not reported + $562,068 related

  • Beth Kennedy

    TREASURER

    Total calculated
    $479,076
    From this org
    $0
    From related orgs
    $367,916
    Other
    $111,160
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    not reported + $308,374 related
    Bonus
    not reported + $16,322 related
    Other
    not reported + $43,220 related
    Deferred
    not reported + $96,377 related
    Nontaxable benefits
    not reported + $14,783 related
    Filer's total
    not reported + $479,076 related

  • F George Heinze

    DIRECTOR

    Total calculated
    $34,800
    From this org
    $0
    From related orgs
    $34,800
    Other
    $0
    Hours/week
    1 + 3 related

  • Kenneth W Cross

    DIRECTOR

    Total calculated
    $34,500
    From this org
    $0
    From related orgs
    $34,500
    Other
    $0
    Hours/week
    1 + 4 related

  • Susan Hance-Wells

    DIRECTOR

    Total calculated
    $29,800
    From this org
    $0
    From related orgs
    $29,800
    Other
    $0
    Hours/week
    1 + 3 related

  • J Douglas Frederick

    PRESIDENT

    Total calculated
    $29,000
    From this org
    $0
    From related orgs
    $29,000
    Other
    $0
    Hours/week
    1 + 2 related

  • Kenneth L Dyson

    DIRECTOR

    Total calculated
    $27,700
    From this org
    $0
    From related orgs
    $27,700
    Other
    $0
    Hours/week
    1 + 2 related

  • James A Richards

    DIRECTOR

    Total calculated
    $26,000
    From this org
    $0
    From related orgs
    $26,000
    Other
    $0
    Hours/week
    1 + 2 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
SONJA M. COX 0 103,085 0 MARK A. MACDOUGALL 0 51,659 0 BETH KENNEDY 0 41,870 0

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SMECO SOLAR LLC

    SOLAR · MD

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.0
Source object
202403119349303480

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