Form 990 for tax year 2022

Filed by STANLY COUNTY FAMILY YMCA FOUNDATION.

Totals

Total revenue: $435,000
Total expenses: $91,420
Contributions and grants received: $1,257
Grants paid: $62,500
Program service revenue: $0
Investment income: $433,743
Other revenue: $0
Total assets, end of year: $2,393,080
Total liabilities, end of year: $3,001
Net assets or fund balances, end of year: $2,390,079
Program services expenses (Part IX): $62,500
Management and general expenses: $28,920
Fundraising expenses: $0
Program service expenses (Part III): $62,500

Program services were 68.4% 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

$1,257
3 · Investment income

total $61,680 · related or exempt $61,680
7a · Gross sales of assets other than inventory

securities $372,063
7c · Gain or loss

securities $372,063
7d · Net gain or loss

total $372,063 · related or exempt $372,063

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $62,500 · program services $62,500
11c · Fees: accounting

total $3,625 · management and general $3,625
24a · Other expenses: INVESTMENT EXPENSES

total $24,602 · management and general $24,602
24b · Other expenses: BANK CHARGES

total $693 · management and general $693

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $12,398 · end of year $13,030
2 · Savings and temporary cash investments

beginning of year $2,034,101 · end of year $2,380,050
17 · Accounts payable and accrued expenses

end of year $3,001
27 · Net assets without donor restrictions

beginning of year $2,046,499 · end of year $2,390,079

Mission and programs · 2022

Mission

THE FOUNDATION SERVES AS A CATALYST TO IMPROVE CAPACITY AND QUALITY OF PROGRAMS, SERVICES AND FACILITIES AT THE STANLY COUNTY FAMILY YMCA. IT WILL SUPPORT CURRENT YMCA INITIATIVES AND CREATE A LEGACY TO ENSURE THAT THE YMCA WILL CONTINUE ITS MISSION TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE.

EDUCATION OF AND PROMOTION OF PHILANTHROPIC GIVING TO GROW THE CORPUS OF THE FOUNDATION THROUGH A BASE OF BOARD APPROVED VOLUNTEER REPRESENTATIVES SERVING AS THE DEVELOPMENT ARM OF THE ORGANIZATION.

Expenses $62,500 · Grants $62,500
EDUCATION OF AND PROMOTION OF PHILANTHROPIC GIVING TO GROW THE CORPUS OF THE FOUNDATION THROUGH A BASE OF BOARD APPROVED VOLUNTEER REPRESENTATIVES SERVING AS THE DEVELOPMENT ARM OF THE ORGANIZATION.

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

Listed in Part VII

JOHN LOWDER

BOARD MEMBER

Total calculated

$0
RANDY MAULDIN

BOARD MEMBER

Total calculated

$0
CYNTHIA BEANE

SECRETARY/TR

Total calculated

$0
JOHN STURGEON

CHAIRMAN

Total calculated

$0

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

STANLY COUNTY FAMILY YMCA

$62,500

EQUIPMENT/FACILITY

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202343199349317169

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