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Nonprofiteer
← FERRARI OWNERS CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by FERRARI OWNERS CHARITABLE FOUNDATION.

Totals

Total revenue
$300,923
Total expenses
$297,526
Contributions and grants received
$74,748
Grants paid
$274,750
Program service revenue
$0
Investment income
$18
Other revenue
$226,157
Total assets, end of year
$109,413
Total liabilities, end of year
$45
Net assets or fund balances, end of year
$109,368
Program services expenses (Part IX)
$274,750
Management and general expenses
$22,776
Fundraising expenses
$0
Program service expenses (Part III)
$274,750

Program services were 92.3% 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

    $74,748

  • 1g · Noncash contributions included above

    $40,950

  • 3 · Investment income

    total $18 · excluded $18

  • 8a · Fundraising events: gross income

    $598,125

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

    $74,748

  • 8b · Fundraising events: direct expenses

    $371,968

  • 8c · Net income from fundraising events

    total $226,157 · excluded $226,157

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $274,750 · program services $274,750

  • 11c · Fees: accounting

    total $15,456 · management and general $15,456

  • 12 · Advertising and promotion

    total $316 · management and general $316

  • 13 · Office expenses

    total $44 · management and general $44

  • 14 · Information technology

    total $1,027 · management and general $1,027

  • 23 · Insurance

    total $5,236 · management and general $5,236

  • 24a · Other expenses: Bank and Credit Card Fees

    total $495 · management and general $495

  • 24b · Other expenses: Postage and Printing

    total $202 · management and general $202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,415 · end of year $71,752

  • 2 · Savings and temporary cash investments

    beginning of year $37,628 · end of year $37,646

  • 15 · Other assets

    end of year $15

  • 17 · Accounts payable and accrued expenses

    beginning of year $72 · end of year $45

  • 19 · Deferred revenue

    beginning of year $3,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $105,971 · end of year $109,368

Mission and programs · 2022

Mission

THE ORGANIZATION CONDUCTS AN ANNUAL CHARITY CAR RALLY. OPERATING EXPENSES ARE PAID FROM REVENUES; NET PROCEEDS ARE DONATED TO A CHARITY SELECTED ANNUALLY BY THE BOARD OF DIRECTORS.

  • The 11th anniversary 2022 FOG Rally celebrated a decade of making a difference for kids. The FOCF is without a doubt filled with charitable, kind hearts as in 2022 a total of $300,000 was raised and donated to 7 impactful charities: Make-A-Wish (Greater Bay Area and Tri-Counties), marking the eighth consecutive year of our charity partnership, Bay Area Crisis Nursery, East Palo Alto Kids Foundation, htm.elle, Larkin Street Youth Services, Project Night Night, Side by Side.

    Expenses $274,750 · Grants $274,750

As filed on the 2022 return.

Listed in Part VII

  • Jeffrey Petereson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Caren Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ed Peggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Abdulmassih

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brenda Van Camp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Bell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Damon Focaracci

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Whitehead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Dolan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lance Dublin

    PRESIDENT & CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

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
15 November 2023
IRS schema version
2022v5.0
Source object
202313219349300006

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