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Nonprofiteer
← MIDWEST INDEPENDENT RETAILERS FOUNDATION INC

Form 990 for tax year 2022

Filed by MIDWEST INDEPENDENT RETAILERS FOUNDATION INC.

Totals

Total revenue
$49,621
Total expenses
$65,217
Contributions and grants received
$61,950
Grants paid
$48,000
Program service revenue
$0
Investment income
$4,815
Other revenue
-$17,144
Total assets, end of year
$682,912
Total liabilities, end of year
$120,639
Net assets or fund balances, end of year
$562,273
Program services expenses (Part IX)
$51,000
Management and general expenses
$11,217
Fundraising expenses
$3,000
Program service expenses (Part III)
$51,000

Program services were 78.2% 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

    $61,950

  • 3 · Investment income

    total $25,164 · excluded $25,164

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

    securities $20,349

  • 7c · Gain or loss

    securities -$20,349

  • 7d · Net gain or loss

    total -$20,349 · excluded -$20,349

  • 8a · Fundraising events: gross income

    $140,381

  • 8b · Fundraising events: direct expenses

    $158,372

  • 8c · Net income from fundraising events

    total -$17,991 · excluded -$17,991

  • 11a · Other revenue: MISCELLANEOUS

    total $847 · related or exempt $847

  • 11e · Other revenue, total

    $847

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $48,000 · program services $48,000

  • 5 · Compensation of officers, directors and key employees

    total $12,000 · program services $3,000 · management and general $6,000 · fundraising $3,000

  • 11g · Fees: other

    total $4,764 · management and general $4,764

  • 23 · Insurance

    total $453 · management and general $453

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,286 · end of year $57,665

  • 4 · Accounts receivable

    beginning of year $35,065 · end of year $58,384

  • 12 · Investments: other securities

    beginning of year $612,862 · end of year $565,013

  • 15 · Other assets

    beginning of year $6,750 · end of year $1,850

  • 17 · Accounts payable and accrued expenses

    beginning of year $337 · end of year $89,848

  • 25 · Other liabilities

    beginning of year $30,791 · end of year $30,791

  • 27 · Net assets without donor restrictions

    beginning of year $626,835 · end of year $562,273

Mission and programs · 2022

Mission

PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS; TO PROMOTE CONTINUING EDUCATION; TO SUPPORT PROGRAMS IN HIGH SCHOOLS, TECHNICAL CENTERS VOCATIONAL SCHOOLS, COLLEGES, AND UNIVERSITIES; TO FURTHER COMMUNITY ENRICHMENT THROUGH SUPPORT OF AREA CHARITABLE ORGANIZATIONS' ACTIVITIES THAT CANNOT BE CONDUCTED IN-HOUSE DUE TO FUNDING AND INFRASTRUCTURE LIMITATIONS. TO EDUCATE THE PUBLIC IN CONJUNCTION WITH THE MICHIGAN DEPARTMENT OF AGRICULTURE AND OTHERS REGARDING THE BENEFITS OF BUYING LOCAL AND EATING FRESH PRODUCE. TO PROVIDE MORE THAN 6,000 NEEDY FAMILIES THROUGHOUT MICHIGAN, OHIO, AND ILLINOIS WITH A TURKEY FOR THANKSGIVING. TO INFORM THE PUBLIC REGARDING CHANGES TO FOOD ASSISTANCE PROGRAMS/BENEFITS. TO ENCOURAGE ACCESS TO HEALTHY, FRESH AND SUSTAINABLY GROWN FOOD.

Activities or mission (Part I)

PROVIDING SCHOLARSHIPS TO DESERVING STUDENTS; TO PROMOTE CONTINUING EDUCATION; TO SUPPORT PROGRAMS IN HIGH SCHOOLS, TECHNICAL CENTERS VOCATIONAL SCHOOLS, COLLEGES, AND UNIVERSITIES; TO FURTHER COMMUNITY ENRICHMENT THROUGH SUPPORT OF AREA CHARITABLE ORGANIZATIONS' ACTIVITIES THAT CANNOT BE CONDUCTED IN-HOUSE DUE TO FUNDING AND INFRASTRUCTURE LIMITATIONS. TO EDUCATE THE PUBLIC IN CONJUNCTION WITH THE MICHIGAN DEPARTMENT OF AGRICULTURE AND OTHERS REGARDING THE BENEFITS OF BUYING LOCAL AND EATING FRESH PRODUCE. TO INFORM THE PUBLIC REGARDING CHANGES TO FOOD ASSISTANCE PROGRAMS/BENEFITS. TO ENCOURAGE ACCESS TO HEALTHY, FRESH AND SUSTAINABLY GROWN FOOD.

  • THE ORGANIZATION GRANTED 32 SCHOLARSHIPS TO DESERVING HIGH SCHOOL GRADUATES AS SELECTED BY AN INDEPENDENT THIRD PARTY TO PROMOTE EDUCATION AND GROWTH AT THE INDIVIDUAL AND COMMUNITY LEVELS.

    Expenses $48,000 · Grants $48,000

  • THE ORGANIZATION GRANTED MORE THAN TURKEYS TO MORE THAN 5,000 NEEDY FAMILIES THROUGHOUT MICHIGAN AND OHIO.

    Expenses $3,000

  • THE ORGANIZATION GRANTED MORE THAN 6,000 TURKEY'S TO MORE THAN 6,000 NEEDY FAMILIES THROUGHOUT MICHIGAN, OHIO, AND ILLINOIS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Clifton Denha

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Edward Weglarz

    CHAIRMAN

    Total calculated
    $104,462
    From this org
    $0
    From related orgs
    $97,000
    Other
    $7,462
    Hours/week
    2 + 40 related

  • John Denha

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nabby Yono

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Paul Elhindi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bill Wild

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Ken Hayward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Khalil Rahal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Denha-Garmo

    SECRETRAY

    Total calculated
    $0
    Hours/week
    2

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.

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333179349301598

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