Totals
- Total revenue
- $266,778
- Total expenses
- $208,360
- Contributions and grants received
- $168,593
- Grants paid
- $130,352
- Program service revenue
- $0
- Investment income
- $26,138
- Other revenue
- $72,047
- Total assets, end of year
- $924,720
- Total liabilities, end of year
- $13,442
- Net assets or fund balances, end of year
- $911,278
- Program services expenses (Part IX)
- $208,360
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $208,360
Program services were 100.0% 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
$168,593
-
3 · Investment income
total $23,251 · excluded $23,251
-
7a · Gross sales of assets other than inventory
securities $95,429
-
7b · Less cost or other basis and sales expenses
securities $92,542
-
7c · Gain or loss
securities $2,887
-
7d · Net gain or loss
total $2,887 · related or exempt $2,887
-
8a · Fundraising events: gross income
$87,204
-
8b · Fundraising events: direct expenses
$15,157
-
8c · Net income from fundraising events
total $72,047 · excluded $72,047
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $115,352 · program services $115,352
-
2 · Grants to domestic individuals
total $15,000 · program services $15,000
-
22 · Depreciation, depletion and amortization
total $8,420 · program services $8,420
-
24a · Other expenses: FUND RAISING EXPENSES
total $69,393 · program services $69,393
-
24b · Other expenses: MEALS AND ENTERTAINMENT
total $195 · program services $195
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $224,507 · end of year $281,017
-
10a · Land, buildings and equipment: cost or other basis
$46,470
-
10b · Land, buildings and equipment: accumulated depreciation
$24,032
-
10c · Land, buildings and equipment, net
beginning of year $26,124 · end of year $22,438
-
12 · Investments: other securities
beginning of year $602,229 · end of year $621,265
-
17 · Accounts payable and accrued expenses
end of year $13,442
-
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 $852,860 · end of year $911,278
Mission and programs · 2022
Mission
THE FOUNDATION STRIVES TO WORK WITH COMMUNITY, BUSINESS, AND EDUCATION LEADERS TO IMPACT THE LIVES OF IN-NEED OR AT-RISK CHILDRREN, PRIMARILY IN NORTHERN NEVADA, BY PROVIDING VITAL RESOURCES IN AN INCREASINGLY CHALLENGING WORLD FOR A BROADENED EDUCATIONAL CURRICULUM.
Activities or mission (Part I)
IMPACT THE LIVES OF IN-NEED OR AT-RISK CHILDREN BY PROVIDING RESOURCES TO BROADEN THEIR EDUCATION
-
HOT AUGUST NIGHTS-A UNIQUE ANNUAL EVENT THAT ENCOURAGES AND PROMOTES THE PUBLIC'S INTEREST IN HISTORICAL AUTOMOBILES WHILE BRINGING TOURISM TRADE TO THE COMMUNITY.
Expenses $193,360 · Grants $115,352
-
PROVIDED SCHOLARSHIP FUNDING FOR ALL PUBLIC SCHOOLS IN WASHOE COUNTY TO BE USED FOR THEIR SCHOLARSHIP PROGRAMS FOR AT- RISK AND NEEDY STUDENTS.
Expenses $15,000 · Grants $15,000
As filed on the 2022 return.
Listed in Part VII
-
Linda LottLINDA LOTT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James HerrJAMES HERR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Randy ThorntonRANDY THORNTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Chris KilianCHRIS KILIAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael SmartMICHAEL SMART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Scott SchellinSCOTT SCHELLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mary SimmonsMARY SIMMONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deny DodsonDENY DODSON
EXECUTIVE DIRECTOR
- Total calculated
- $25,000
- From this org
- $0
- From related orgs
- $25,000
- Other
- $0
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $25,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $25,000 related
-
Alan TomALAN TOM
EXECUTIVE DIRECTOR
- Total calculated
- $77,631
- From this org
- $0
- From related orgs
- $77,631
- Other
- $0
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $77,631 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $77,631 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. 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
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
-
$54,000
SPONSORSHIP OF CHILDREN FOR VARIOUS ACTIVITIES FOR 2021
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.
-
501(C)(4) · PROMOTE PUBLIC INTEREST IN HISTORICAL AUTOMOBILES AND PROMOTE LOCAL TOURISM · NV
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321459349300017
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