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Nonprofiteer
← PENNIES FOR HEAVEN FUND INC

Form 990 for tax year 2023

Filed by PENNIES FOR HEAVEN FUND INC.

Totals

Total revenue
$255,112
Total expenses
$55,938
Contributions and grants received
$76,767
Grants paid
$50,000
Program service revenue
$0
Investment income
$178,345
Other revenue
$0
Total assets, end of year
$1,713,630
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,713,630
Program services expenses (Part IX)
$50,000
Management and general expenses
$5,938
Fundraising expenses
$0
Program service expenses (Part III)
$50,000

Program services were 89.4% 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

    $76,767

  • 3 · Investment income

    total $178,345 · excluded $178,345

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 11c · Fees: accounting

    total $4,400 · management and general $4,400

  • 13 · Office expenses

    total $278 · management and general $278

  • 19 · Conferences, conventions and meetings

    total $1,260 · management and general $1,260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,926 · end of year $66,755

  • 11 · Investments: publicly traded securities

    beginning of year $1,468,530 · end of year $1,646,875

  • 27 · Net assets without donor restrictions

    beginning of year $514,456 · end of year $713,630

  • 28 · Net assets with donor restrictions

    beginning of year $1,000,000 · end of year $1,000,000

Mission and programs · 2023

Mission

Supports the Catholic dioceses of the State of Washington and other charitable, educational and religious institutions with similar goals

  • Supports the education of seminarians to the dioceses of the State of Washington and Bishop White Seminary

    Expenses $50,000 · Grants $50,000

As filed on the 2023 return.

Listed in Part VII

  • Gregory Mahoney

    President

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Thomas Williams

    Vice President

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Scott Hulse

    Treasurer

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Dave Olwell

    Secretary

    Total calculated
    $0
    Hours/week
    5 + 35 related

  • Kenneth St Hilaire

    Director

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • Dang Nguyen

    Director

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • Kim Washburn

    Director

    Total calculated
    $0
    Hours/week
    2 + 18 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

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
2023
Filed
15 October 2024
IRS schema version
2023v5.1
Source object
202442899349300529

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