Form 990 for tax year 2023
Filed by LIMESTONE AREA COMMUNITY FOUNDATION INC.
Totals
- Total revenue
- $73,760
- Total expenses
- $92,139
- Contributions and grants received
- $42,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $31,760
- Other revenue
- $0
- Total assets, end of year
- $645,354
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $645,354
- Program services expenses (Part IX)
- $87,090
- Management and general expenses
- $5,049
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $87,090
Program services were 94.5% 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.
-
1f · All other contributions, gifts and grants
$42,000
-
3 · Investment income
total $16,550 · related or exempt $16,550
-
7a · Gross sales of assets other than inventory
securities $15,210
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $15,210
-
7d · Net gain or loss
total $15,210 · related or exempt $15,210
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $6,700 · program services $6,033 · management and general $667
-
13 · Office expenses
total $1,764 · program services $882 · management and general $882
-
24a · Other expenses: MANAGEMENT FEES UWAL
total $36,500 · program services $33,000 · management and general $3,500
-
24b · Other expenses: TRAIL
total $20,525 · program services $20,525
-
24c · Other expenses: SCHOLARSHIPS
total $20,000 · program services $20,000
-
24d · Other expenses: ELDERLY GIFTS
total $6,650 · program services $6,650
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,745 · end of year $12,850
-
2 · Savings and temporary cash investments
beginning of year $33,490 · end of year $28,366
-
10a · Land, buildings and equipment: cost or other basis
$310
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $310 · end of year $310
-
12 · Investments: other securities
beginning of year $613,188 · end of year $603,828
-
28 · Net assets with donor restrictions
beginning of year $663,733 · end of year $645,354
Mission and programs · 2023
Mission
THE ORGANIZATION USES FUNDS TO AWARD GRANTS TO PROJECTS WHICH BENEFIT A BROAD SEGMENT OF THE POPULATION, SERVE CITIZENS WHOSE NEEDS ARE NOT MET BY EXISTING SERVICES, ADDRESS COMMUNITY ISSUES, HAVE POTENTIAL FOR FUTURE SUPPORT, PROMOTE VOLUNTEER INVOLVEMENT, AND IMPROVE THE QUALITY OF LIFE IN LIMESTONE COUNTY.
Activities or mission (Part I)
SUPPORT PUBLIC 501(C)(3) CHARITIES AND ACTIVITIES BENEFITING ATHENS AND LIMESTONE COUNTY
-
SUPPORT OTHER 501(C)(3) ORGANIZATIONS WITHIN THE ATHENSAND LIMESTONE COUNTY AREA BY PROVIDING FUNDING FORSPECIFIC PROJECTS, NEEDS, ETC.
Expenses $87,090
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kaye McFarlenKAYE MCFARLEN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
John CarterJOHN CARTER
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly BellKIMBERLY BELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Denver BettsDENVER BETTS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Annette BarnesANNETTE BARNES
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Britley BrownBRITLEY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kay BurlingameKAY BURLINGAME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dana HenryDANA HENRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeff HodgesJEFF HODGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John HubbsJOHN HUBBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris Lathem-BrownCHRIS LATHEM-BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kurt LeopardKURT LEOPARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brad LewisBRAD LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kadaija MaddenKADAIJA MADDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Randall MooreRANDALL MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ray NeeseRAY NEESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Beth PattonBETH PATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brook PettusBROOK PETTUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan RiddleSUSAN RIDDLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bethany ShockneyBETHANY SHOCKNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Allison UseryALLISON USERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
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
- 2023
- Filed
- 15 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202542279349301844
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