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Nonprofiteer
← RELIANT FOUNDATION INC

Form 990 for tax year 2022

Filed by RELIANT FOUNDATION INC.

Totals

Total revenue
$445,034
Total expenses
$1,508,474
Contributions and grants received
$178,327
Grants paid
$850,000
Program service revenue
$0
Investment income
$281,347
Other revenue
-$14,640
Total assets, end of year
$26,075,195
Total liabilities, end of year
$209,772
Net assets or fund balances, end of year
$25,865,423
Program services expenses (Part IX)
$850,000
Management and general expenses
$547,857
Fundraising expenses
$110,617
Program service expenses (Part III)
$850,000

Program services were 56.3% 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

    $139,816

  • 1f · All other contributions, gifts and grants

    $38,511

  • 3 · Investment income

    total $787,348 · excluded $787,348

  • 7a · Gross sales of assets other than inventory

    securities $5,793,521

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

    securities $6,299,522

  • 7c · Gain or loss

    securities -$506,001

  • 7d · Net gain or loss

    total -$506,001 · related or exempt -$506,001

  • 8a · Fundraising events: gross income

    $59,043

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

    $139,816

  • 8b · Fundraising events: direct expenses

    $73,683

  • 8c · Net income from fundraising events

    total -$14,640 · excluded -$14,640

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $850,000 · program services $850,000

  • 7 · Other salaries and wages

    total $335,431 · management and general $225,306 · fundraising $110,125

  • 11c · Fees: accounting

    total $20,410 · management and general $20,410

  • 11f · Fees: investment management

    total $140,973 · management and general $140,973

  • 11g · Fees: other

    total $74,884 · management and general $45,318 · fundraising $29,566

  • 12 · Advertising and promotion

    total $17,852 · management and general $710 · fundraising $17,142

  • 13 · Office expenses

    total $31,232 · management and general $12,049 · fundraising $19,183

  • 16 · Occupancy

    total $49,655 · management and general $49,655

  • 17 · Travel

    total $3,200 · management and general $3,200

  • 22 · Depreciation, depletion and amortization

    total $2,337 · management and general $2,337

  • 23 · Insurance

    total $23,661 · management and general $23,661

  • 24a · Other expenses: COMPUTER FEES

    total $12,981 · management and general $10,886 · fundraising $2,095

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $6,700 · management and general $511 · fundraising $6,189

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $5,087 · management and general $5,087

  • 24d · Other expenses: TELEPHONE

    total $4,422 · management and general $4,422

  • 24e · All other expenses

    total -$70,351 · management and general $3,332 · fundraising -$73,683

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,368 · end of year $419,609

  • 2 · Savings and temporary cash investments

    beginning of year $611,404

  • 3 · Pledges and grants receivable

    beginning of year $131,194 · end of year $108,850

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,429 · end of year $13,257

  • 10a · Land, buildings and equipment: cost or other basis

    $11,684

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,981

  • 10c · Land, buildings and equipment, net

    beginning of year $3,040 · end of year $703

  • 11 · Investments: publicly traded securities

    beginning of year $31,115,277 · end of year $25,360,818

  • 15 · Other assets

    beginning of year $0 · end of year $171,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,228 · end of year $77,303

  • 25 · Other liabilities

    beginning of year $0 · end of year $132,469

  • 27 · Net assets without donor restrictions

    beginning of year $31,956,814 · end of year $25,864,753

  • 28 · Net assets with donor restrictions

    beginning of year $670 · end of year $670

Mission and programs · 2022

Mission

TO IMPROVE THE HEALTH AND WELL-BEING OF INDIVIDUALS OF ALL AGES IN THE CENTRAL AND METROWEST REGIONS OF MASSACHUSETTS.

  • SUPPORT OF COMMUNITY HEALTH AND WELLNESS PROGRAMS THAT IMPROVE THE HEALTH STATUS OF THE POPULATION, ESPECIALLY THE YOUTH AND THE ECONOMICALLY DISADVANTAGED.SUPPORT COMMUNITY GRANTS FOCUSED ON YOUTH MENTAL HEALTH AND BEHAVIORAL HEALTH AND HELPING INDIVIDUALS REACH RECOVERY FROM SUBSTANCE USE DISORDER.

    Expenses $850,000 · Grants $850,000

As filed on the 2022 return.

Listed in Part VII

  • John Andreoli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Degrush Do

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Klugman MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marianne E Felice MD

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joshua M Greenberg MD

    VICE BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ivan Green MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Maria T Paul

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kristine Bostek

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Katharine Barnard MD

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Allison Beckler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Madigan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tara Rivera

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sanjay Shah

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Naomi Sleeper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kelsa Zereski

    PRESIDENT

    Total calculated
    $153,879
    From this org
    $140,768
    From related orgs
    $0
    Other
    $13,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,768
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,111
    Filer's total
    $153,879

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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202333179349305788

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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