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← KIWANIS FOUNDATION OF TOPSAIL ISLAN D AREA INC

Form 990 for tax year 2023

Filed by KIWANIS FOUNDATION OF TOPSAIL ISLAN D AREA INC.

Totals

Total revenue
$23,063
Total expenses
$21,115
Contributions and grants received
$12,201
Grants paid
$18,500
Program service revenue
$0
Investment income
$10,862
Other revenue
$0
Total assets, end of year
$470,395
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$470,395
Program services expenses (Part IX)
$18,500
Management and general expenses
$2,615
Fundraising expenses
$0
Program service expenses (Part III)
$18,500

Program services were 87.6% 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.

  • 1d · Related organizations

    $8,100

  • 1f · All other contributions, gifts and grants

    $4,101

  • 3 · Investment income

    total $13,053 · excluded $13,053

  • 7a · Gross sales of assets other than inventory

    securities $52,572

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

    securities $54,763

  • 7c · Gain or loss

    securities -$2,191

  • 7d · Net gain or loss

    total -$2,191 · excluded -$2,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,000 · program services $11,000

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 13 · Office expenses

    total $115 · management and general $115

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $45,330 · end of year $12,038

  • 12 · Investments: other securities

    beginning of year $391,723 · end of year $458,357

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $437,053 · end of year $470,395

Mission and programs · 2023

Mission

TO RAISE FUNDS TO HELP SUPPORT THE MISSION OF THE KIWANIS CLUB OF TOPSAIL ISLAND AREA.

  • AWARDED THREE SCHOLARSHIPS TO TWO LOCAL STUDENTS (ONE FROM PENDER COUNTY AND ONE FROMONSLOW COUNTY) AND ONE STUDENT FROM WINSTON-SALEM THESE SCHOLARSHIPS RECOGNIZE ACADEMIC ACHEIVEMENT AND SERVICE.

    Expenses $7,500 · Grants $7,500

  • KAYS KIDS PROGRAM, OUR KIWANIS CLUB PROVIDES FUNDS TO LOCAL SCHOOLS FOR THE PURCHASEOF ITEMS NEEDED BY TEACHERS THAT THE SCHOOL DOES NOT PURCHASE.

    Expenses $10,000 · Grants $10,000

  • KIWANIS CLUB SUPPORTS LOCAL PROJECTS; ONE OF THE DONATIONS RECEIVED IN 2023 WAS SPECIFICALLY DESIGNATEDFOR THE COMMUNITY GARDEN SPONSORED BY SHARE THE TABLE - APROJECT SUPPORTED BY OUR KIWANIS CLUB.

    Expenses $1,000 · Grants $1,000

As filed on the 2023 return.

Listed in Part VII

  • RODNEY DILLMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • LISA BROWN

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • FREDDIE KING

    SECRETARY/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • FRANK SHERRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • BUDDY FOWLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 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.

Grants on this return

  • KIWANIS CLUB OF TOPSAIL

    $10,000

    FUNDS TO TO KIWANIS CLUB TO FUND LOCAL SCHOOLS TO PURCHASE SUPPLIES NOT PROVIDED BY INSTITUTION

Provenance

Return type
form_990
Tax year
2023
Filed
3 May 2024
IRS schema version
2023v5.0
Source object
202441249349300539

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