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Nonprofiteer
← VERA COURT NEIGHBORHOOD CENTER INC

Form 990 for tax year 2023

Filed by VERA COURT NEIGHBORHOOD CENTER INC.

Totals

Total revenue
$1,567,886
Total expenses
$1,626,762
Contributions and grants received
$1,346,510
Grants paid
$124,117
Program service revenue
$0
Investment income
$193,350
Other revenue
$28,026
Total assets, end of year
$4,051,552
Total liabilities, end of year
$179,573
Net assets or fund balances, end of year
$3,871,979
Program services expenses (Part IX)
$1,439,072
Management and general expenses
$128,068
Fundraising expenses
$59,622
Program service expenses (Part III)
$1,439,072

Program services were 88.5% 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

    $69,344

  • 1e · Government grants (contributions)

    $839,036

  • 1f · All other contributions, gifts and grants

    $438,130

  • 1g · Noncash contributions included above

    $19,852

  • 3 · Investment income

    total $78,735 · excluded $78,735

  • 7a · Gross sales of assets other than inventory

    securities $993,800

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

    securities $879,185

  • 7c · Gain or loss

    securities $114,615

  • 7d · Net gain or loss

    total $114,615 · excluded $114,615

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $28,026 · related or exempt $28,026

  • 11e · Other revenue, total

    $28,026

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $124,117 · program services $124,117

  • 5 · Compensation of officers, directors and key employees

    total $118,760 · program services $61,337 · management and general $32,888 · fundraising $24,535

  • 7 · Other salaries and wages

    total $822,208 · program services $752,232 · management and general $51,881 · fundraising $18,095

  • 8 · Pension plan contributions

    total $10,792 · program services $8,022 · management and general $1,704 · fundraising $1,066

  • 9 · Other employee benefits

    total $62,941 · program services $58,220 · management and general $1,819 · fundraising $2,902

  • 10 · Payroll taxes

    total $72,418 · program services $62,628 · management and general $6,475 · fundraising $3,315

  • 11b · Fees: legal

    total $2,976 · management and general $2,976

  • 11c · Fees: accounting

    total $17,817 · management and general $17,817

  • 11e · Fees: professional fundraising services

    total $7,500 · fundraising $7,500

  • 11g · Fees: other

    total $79,963 · program services $79,963

  • 16 · Occupancy

    total $44,171 · program services $37,545 · management and general $4,417 · fundraising $2,209

  • 17 · Travel

    total $26,898 · program services $26,898

  • 22 · Depreciation, depletion and amortization

    total $31,366 · program services $31,366

  • 23 · Insurance

    total $30,295 · program services $30,295

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $157,156 · program services $157,156

  • 24b · Other expenses: OTHER

    total $17,384 · program services $9,293 · management and general $8,091

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $862,811 · end of year $593,742

  • 2 · Savings and temporary cash investments

    beginning of year $510,718 · end of year $529,468

  • 3 · Pledges and grants receivable

    beginning of year $411,982 · end of year $167,137

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,302 · end of year $401

  • 10a · Land, buildings and equipment: cost or other basis

    $616,649

  • 10b · Land, buildings and equipment: accumulated depreciation

    $319,038

  • 10c · Land, buildings and equipment, net

    beginning of year $278,439 · end of year $297,611

  • 11 · Investments: publicly traded securities

    beginning of year $1,648,066 · end of year $1,826,014

  • 12 · Investments: other securities

    beginning of year $529,162 · end of year $637,179

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,276 · end of year $67,383

  • 25 · Other liabilities

    beginning of year $227,278 · end of year $112,190

  • 27 · Net assets without donor restrictions

    beginning of year $1,847,119 · end of year $2,259,425

  • 28 · Net assets with donor restrictions

    beginning of year $1,982,807 · end of year $1,612,554

Mission and programs · 2023

Mission

TO WORK IN COLLABORATION WITH COMMUNITY MEMBERS AND ORGANIZATIONS TO PROVIDE PROGRAMMING AND SERVICES FOR CHILDREN, YOUTH, FAMILIES, SENIORS, AND PEOPLE OF THE COMMUNITY.

  • CHILDREN AND YOUTH - PROVIDE OPPORTUNITIES FOR RECREATION, PERSONAL GROWTH AND EDUCATION TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN. PROGRAMS INCLUDE COMPUTER TRAINING, AFTER SCHOOL AND SUMMER ACTIVITIES.

    Expenses $897,091

  • FACILITY USE - PROVIDES A COMMUNITY CENTER, KITCHEN AND A LOCATION FOR NEIGHBORHOOD EVENTS, ACTIVITIES AND CLASSES. ALSO PROVIDES FOR ADMINISTRATION EXPENSE AND BUILDING MAINTENANCE.

    Expenses $132,649

  • COMMUNITY ASSISTANCE- PROVIDE OUTREACH, COUNSELING, AND SUPPORT TO RESIDENTS OF THE COMMUNITY. OTHER PROGRAM SERVICES PROVIDED TO RESIDENTS OF VERA COURT NEIGHBORHOOD.

    Expenses $151,907

  • OTHER PROGRAM-RELATED SERVICES AND PROGRAMS

    Expenses $257,425 · Grants $124,117 · Revenue $28,026

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Corinda Rainey-Moore

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Brent Wray

    FORMER PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Krause

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Cora White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gloria Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Hoskins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Steinbring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samuel Schweder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Jones

    EXECUTIVE DIRECTOR

    Total calculated
    $118,299
    From this org
    $105,250
    From related orgs
    $0
    Other
    $13,049
    Hours/week
    40

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349317539

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