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Nonprofiteer
← KIWANIS CHARITIES OF ROCKFORD INC

Form 990 for tax year 2022

Filed by KIWANIS CHARITIES OF ROCKFORD INC.

Totals

Total revenue
$153,516
Total expenses
$195,672
Contributions and grants received
$67,750
Grants paid
$155,923
Program service revenue
$0
Investment income
$83,998
Other revenue
$1,768
Total assets, end of year
$2,720,324
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,720,324
Program services expenses (Part IX)
$157,100
Management and general expenses
$38,572
Fundraising expenses
$0
Program service expenses (Part III)
$157,100

Program services were 80.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $4,830

  • 1c · Fundraising events

    $38,000

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $24,920

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $73,564 · excluded $73,564

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $879,741 · other assets $0

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

    securities $869,307 · other assets $0

  • 7c · Gain or loss

    securities $10,434 · other assets $0

  • 7d · Net gain or loss

    total $10,434 · related or exempt $0 · unrelated business $0 · excluded $10,434

  • 8a · Fundraising events: gross income

    $36,037

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

    $38,000

  • 8b · Fundraising events: direct expenses

    $35,257

  • 8c · Net income from fundraising events

    total $780 · unrelated business $0 · excluded $780

  • 11a · Other revenue: misc

    total $988 · related or exempt $988 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $988

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $134,923 · program services $134,923

  • 2 · Grants to domestic individuals

    total $21,000 · program services $21,000

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $0 · program services $0

  • 8 · Pension plan contributions

    total $0 · program services $0

  • 9 · Other employee benefits

    total $0 · program services $0

  • 10 · Payroll taxes

    total $0 · program services $0

  • 11a · Fees: management

    total $0 · management and general $0

  • 11b · Fees: legal

    total $4,201 · management and general $4,201

  • 11c · Fees: accounting

    total $0 · management and general $0

  • 11d · Fees: lobbying

    total $0 · management and general $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $19,116 · management and general $19,116

  • 13 · Office expenses

    total $1,272 · management and general $1,272

  • 19 · Conferences, conventions and meetings

    total $527 · management and general $527

  • 23 · Insurance

    total $860 · management and general $860

  • 24a · Other expenses: fees and dues to Kiwanis int'l, other misc exp

    total $13,773 · program services $1,177 · management and general $12,596 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,590 · end of year $54,480

  • 2 · Savings and temporary cash investments

    beginning of year $46,489 · end of year $59,952

  • 11 · Investments: publicly traded securities

    beginning of year $2,497,508 · end of year $2,605,892

  • 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 $2,583,587 · end of year $2,720,324

Mission and programs · 2022

Mission

To serve the children of the Rockford area through educational scholarship grants and grants to local 501(c)(3) organizations that assist children and their families through educational, leisure and social activities.

Activities or mission (Part I)

The Kiwanis Club of Rockford is a not-for-profit organization of service-minded volunteers guided by the objectives of Kiwanis International. Our purpose is to improve the quality of life for the youth we serve by fostering their health, academic success, character development and their dreams for the future. Our activities are educational scholarships and grants to other 501(c)(3) organizations that further our purpose.

  • Grants to non-profit organizations

    Expenses $134,923 · Grants $134,923

  • Scholarships to high school seniors for freshman year college expenses

    Expenses $21,000 · Grants $21,000 · Revenue $18,000

  • Provide monthly meals for children attending structured after school programs run by other 501(c)(3) organizations

    Expenses $1,177 · Revenue $720

As filed on the 2022 return.

Listed in Part VII

  • Chuck Allton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sherry Skaife

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chip Stoner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pam Clark-Redienbach

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carl Palmgren

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carol Gerrond

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Price

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Amy Prosise

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Lana Dresser

    President

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Reisinger

    President-elect

    Total calculated
    $0
    Hours/week
    5

  • Lori Berkes-Nelson

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • MaryKay Garganera

    Treasurer

    Total calculated
    $0
    Hours/week
    3

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

Provenance

Return type
form_990
Tax year
2022
Filed
22 May 2024
IRS schema version
2022v5.0
Source object
202401509349301615

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