Form 990 for tax year 2024

Filed by MANNING BETTERMENT FOUNDATION.

Totals

Total revenue: $738,343
Total expenses: $731,478
Contributions and grants received: $64,220
Grants paid: $0
Program service revenue: $604,144
Investment income: $107,439
Other revenue: -$37,460
Total assets, end of year: $1,479,578
Total liabilities, end of year: $5,747
Net assets or fund balances, end of year: $1,473,831
Program services expenses (Part IX): $715,029
Management and general expenses: $16,449
Fundraising expenses: $0
Program service expenses (Part III): $715,029

Program services were 97.8% 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.

1e · Government grants (contributions)

$17,000
1f · All other contributions, gifts and grants

$47,220
2a · Program service revenue: TUITION-CHILD CARE

total $552,976 · related or exempt $552,976
2b · Program service revenue: MISC. FUNDRAISING INCOME

total $27,789 · related or exempt $27,789
2c · Program service revenue: FOOD REIMBURSEMENTS

total $17,856 · related or exempt $17,856
2d · Program service revenue: PRINCESS PROM-FUND RAISER

total $5,523 · related or exempt $5,523
3 · Investment income

total $18,056 · related or exempt $18,056
6a · Gross rents

real property $9,000
6b · Less rental expenses

real property $46,460
6c · Rental income or loss

real property -$37,460
6d · Net rental income or loss

total -$37,460 · related or exempt -$37,460
7a · Gross sales of assets other than inventory

securities $175,000
7b · Less cost or other basis and sales expenses

securities $85,617
7c · Gain or loss

securities $89,383
7d · Net gain or loss

total $89,383 · related or exempt $89,383

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $503,988 · program services $503,988
10 · Payroll taxes

total $38,555 · program services $38,555
11c · Fees: accounting

total $567 · program services $490 · management and general $77
12 · Advertising and promotion

total $925 · program services $925
13 · Office expenses

total $1,223 · program services $1,223
16 · Occupancy

total $15,860 · program services $15,860
17 · Travel

total $830 · program services $830
22 · Depreciation, depletion and amortization

total $40,977 · program services $40,977
23 · Insurance

total $12,186 · program services $10,814 · management and general $1,372
24a · Other expenses: FOOD/MEALS FOR CHILDREN

total $48,451 · program services $48,451
24b · Other expenses: KITCHEN/CLEANING SUPPLIES

total $20,036 · program services $20,036
24c · Other expenses: GRANT PASS THROUGH EXP.

total $15,000 · management and general $15,000
24d · Other expenses: MISC. FUNDRAISING EXPENSE

total $11,592 · program services $11,592
24e · All other expenses

total $21,288 · program services $21,288

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $22,510 · end of year $10,510
2 · Savings and temporary cash investments

beginning of year $575,993 · end of year $623,467
7 · Other notes and loans receivable

beginning of year $59,503 · end of year $54,430
10a · Land, buildings and equipment: cost or other basis

$1,536,797
10b · Land, buildings and equipment: accumulated depreciation

$750,747
10c · Land, buildings and equipment, net

beginning of year $814,623 · end of year $786,050
15 · Other assets

beginning of year $5,803 · end of year $5,121
25 · Other liabilities

beginning of year $11,466 · end of year $5,747
27 · Net assets without donor restrictions

beginning of year $1,140,972 · end of year $1,276,488
28 · Net assets with donor restrictions

beginning of year $325,994 · end of year $197,343

Mission and programs · 2024

Mission

THE PURPOSE/MISSION OF THE MANNING BETTERMENT FOUNDATION IS: 1-TO ENCOURAGE PRIDE,IDENTIFY NEEDS,AND STIMULATE SOCIAL AND ECONOMIC DEVELOPMENT; DEVISE WAYS TO DIVERSIFY IN ORDER TO MEET FUTURE NEEDS AND CHALLENGES AND TO ESTABLISH A SENSE OF COMMUNITY. 2-TO ENCOURAGE, STIMULATE, AND PROMOTE ECONOMIC AND SOCIAL DEVELOPMENT OF OUR COMMUNITY THROUGH MARKETING, PROMOTION, AND DEVELOPMENT OF OUR PEOPLE, PRODUCTS, AND RESOURCES. 3-TO PROVIDE THE BEST OPPORTUNITY FOR ECONOMIC AND SOCIAL GROWTH AND DEVELOPMENT THROUGH PLANNING AND COORDINATION OF THE PEOPLE, PRODUCTS, AND RESOURCES OF THE MANNING AREA. IDEAS WILL BE FORMULATED AND CARRIED OUT; LEADERS WILL BE IDENTIFIED AND DEVELOPED; AND A SENSE OF COMMUNITY PRIDE WILL BE FOSTERED AND PROMOTED.

THE CREATION OF ADDITIONAL JOBS WITHIN THE COMMUNITY WAS ACCOMPLISHED BY ATTRACTING A NEW BUSINESS TO THE CITY OF MANNING. THE FOUNDATION AIDED THIS EFFORT BY CONSTRUCTING A NEW BUILDING AND LEASING OFFICE SPACE TO THIS NEW BUSINESS. IN ADDITION, A PORTION OF THE BUILDING WAS REMODELED FOR THE PURPOSE OF ESTABLISHING A CHILD CARE CENTER SO THAT EMPLOYEES ATTRACTED BY THE NEW JOBS WOULD HAVE CHILD DAY CARE SERVICES AVAILABLE AS WELL. THE FOUNDATION CONTINUES LOOKING FOR OPPORTUNITIES FOR NEW BUSINESS TO COME TO THE COMMUNITY. REAL ESTATE THAT IS OWNED IS FOR SALE OR CAN BE REMODELED TO SUIT THE BUYER. IN ADDITION, THE FOUNDATION CONTINUES TO SUPPORT THE CHILD CARE CENTER WHICH PROVIDES NECESSARY DAY CARE SERVICES FOR EMPLOYEES OF NEW BUSINESSES. AN ADDED SUBSIDIARY BENEFIT OF THE CHILD CARE CENTER IS THE ADDITIONAL JOBS IT HAS PROVIDED TO PEOPLE IN THE COMMUNITY.
THE FOUNDATION MAINTAINS A CHILD CARE CENTER TO PROVIDE DAY CARE FACILITIES TO NEW AND EXISTING INDIVIDUALS THAT BECOME EMPLOYED AND NEED THESE CHILD CARE SERVICES WITHIN THE COMMUNITY. THE FOUNDATION HAS REMODELED ITS CHILD CARE CENTER TO INCREASE THE CARE SPACE FOR SCHOOL AGE CHILDREN. IT WILL GREATLY ENHANCE ITS ABILITY TO PROVIDE FOR THAT NEED AFTER SCHOOL AND ON SCHOOL VACATION DAYS.

Expenses $715,029 · Revenue $604,144

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

KEVIN BOYLE

DIRECTOR/VIC

Total calculated

$0
JOSEPH MAAS

DIRECTOR

Total calculated

$0
BRAD VOLLSTEDT

DIRECTOR

Total calculated

$0
DAWN LORENZEN

DIRECTOR

Total calculated

$0
LUKE POTTHOFF

DIRECTOR

Total calculated

$0
JEAN VOEGE

DIRECTOR

Total calculated

$0
AARON STANGL

DIRECTOR/TRE

Total calculated

$0
KEITH KERKHOFF

DIRECTOR

Total calculated

$0
GAYLIN R RANNIGER

DIRECTOR

Total calculated

$0
GREGORY SEXTRO

DIRECTOR/SEC

Total calculated

$0
JOHN OPPERMAN

DIRECTOR/PRE

Total calculated

$0
RON REISCHL

DIRECTOR

Total calculated

$0
DAWN MEYER

DIRECTOR

Total calculated

$0
BRIAN IRLBECK

DIRECTOR

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2024
Filed: 14 November 2025
IRS schema version: 2024v5.0
Source object: 202533219349308408

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