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Nonprofiteer
← Upward Unlimited Foundation

Form 990 for tax year 2022

Filed by Upward Unlimited Foundation.

Totals

Total revenue
$478
Total expenses
$108,485
Contributions and grants received
$478
Grants paid
$104,352
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$104,352
Management and general expenses
$4,133
Fundraising expenses
$0
Program service expenses (Part III)
$104,352

Program services were 96.2% 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

    $478

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $104,352 · program services $104,352

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 13 · Office expenses

    total $633 · management and general $633

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $108,112 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $105 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $40,065 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $67,942 · end of year $0

Mission and programs · 2022

Mission

To accelerate the mission of Upward Unlimited by creating fundraising opportunities for individuals, institutions, and other non-profits to invest in the Upward Unlimited mission thereby overcoming risks and challenges due to lack of funding.

Activities or mission (Part I)

To accelerate the mission of Upward Unlimited by creating fundraising opportunities.

  • The Foundation supports the mission of Upward Unlimited by creating opportunities for individuals, institutions, corporations, and foundations to invest in the Upward Unlimited mission and vision. As a result the Foundation has helped meet greater needs related to the ministry's purpose of "promoting the discovery of Jesus through sports."

    Expenses $104,352 · Grants $104,352

As filed on the 2022 return.

Listed in Part VII

  • Tully Brewer

    Chairman of Board

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Bob Caldwell

    Vice Chairman

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Hugh Brantley

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • David Bishop

    Board Member

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Courtney Shelton

    Board Member

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Michael Chibbaro

    Board Member

    Total calculated
    $0
    Hours/week
    5 + 5 related
  • Kevin Drake

    Executive Director

    Total calculated
    $248,288
    From this org
    $0
    From related orgs
    $242,458
    Other
    $5,830
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,259 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $11,199 related
    Deferred
    $0 + $5,830 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $248,288 related
  • Amie Busbee

    CFO/Assist Treasurer

    Total calculated
    $155,283
    From this org
    $0
    From related orgs
    $143,137
    Other
    $12,146
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,422 related
    Bonus
    $0
    Other
    $0 + $1,715 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,146 related
    Filer's total
    $0 + $155,283 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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:
See Schedule O response to Form 990, Part VI, Section B, Line 15 for information regarding the compensation-setting procedures followed by the Foundation's related organization, Upward Unlimited.

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.

  • Upward Unlimited

    501(c)(3) · Christian Sports Ministry · SC · controlled entity

    Directly controlled by Upward Unlimited Foundation

  • South Carolina Christian Foundation

    501(c)(3) · Funding Christian Causes · SC · controlled entity

    Directly controlled by Upward Unlimited Foundation

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.

Related corporations and trusts

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

  • Upward Enterprises Inc

    C · Promote Upward Unlimited · SC · controlled entity

    Directly controlled by Upward Unlimited

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202410689349300331

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