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Nonprofiteer
← PHIT WORLD FOUNDATION INC

Form 990 for tax year 2022

Filed by PHIT WORLD FOUNDATION INC.

Totals

Total revenue
$529,850
Total expenses
$582,365
Contributions and grants received
$526,271
Grants paid
$0
Program service revenue
$0
Investment income
$3,579
Other revenue
$0
Total assets, end of year
$699,719
Total liabilities, end of year
$44,357
Net assets or fund balances, end of year
$655,362
Program services expenses (Part IX)
$314,340
Management and general expenses
$268,025
Fundraising expenses
$0
Program service expenses (Part III)
$314,340

Program services were 54.0% 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

    $526,271

  • 3 · Investment income

    total $3,579 · related or exempt $3,579

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $24,000 · program services $24,000

  • 11c · Fees: accounting

    total $28,460 · management and general $28,460

  • 11g · Fees: other

    total $64,500 · management and general $64,500

  • 12 · Advertising and promotion

    total $160,635 · program services $20,510 · management and general $140,125

  • 17 · Travel

    total $12,235 · program services $8,223 · management and general $4,012

  • 23 · Insurance

    total $1,598 · management and general $1,598

  • 24a · Other expenses: PROGRAM INITIATIVES

    total $259,106 · program services $254,127 · management and general $4,979

  • 24b · Other expenses: OTHER EXPENSES

    total $28,687 · program services $7,480 · management and general $21,207

  • 24c · Other expenses: BANK FEES

    total $3,144 · management and general $3,144

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $274,628 · end of year $292,623

  • 2 · Savings and temporary cash investments

    beginning of year $328,843 · end of year $332,322

  • 8 · Inventories for sale or use

    beginning of year $121,425 · end of year $72,406

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,215 · end of year $2,368

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,234 · end of year $44,357

  • 27 · Net assets without donor restrictions

    beginning of year $707,877 · end of year $655,362

Mission and programs · 2022

Mission

TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.

  • TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.

    Expenses $314,340 · Revenue $529,850

  • TO IMPROVE HEALTH AND ACADEMIC RESULTS TO CHILDREN THROUGHOUT THE USA BY PROVIDING ALL KIDS WITH INCREASED PHYSICAL ACTIVITY PROGRAMS AND HELPING CHILDREN AFFORD TO PLAY ORGANIZED SPORTS. BY DOING THIS WE CREATE MANY MORE ACTIVE KIDS THAT ARE HEALTHIER AND BETTER STUDENTS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Baugh

    PRESIDENT

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30 + 1 related

  • Doug Gordon

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Mike May

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Dave Landa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John McNulty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Ballantine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rita Mort

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Lettieri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349305256

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