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Nonprofiteer
← LAKE TOXAWAY CHARITIES

Form 990 for tax year 2022

Filed by LAKE TOXAWAY CHARITIES.

Totals

Total revenue
$1,454,657
Total expenses
$658,227
Contributions and grants received
$1,393,241
Grants paid
$629,750
Program service revenue
$0
Investment income
$4,323
Other revenue
$57,093
Total assets, end of year
$4,680,410
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,680,410
Program services expenses (Part IX)
$638,297
Management and general expenses
$16,973
Fundraising expenses
$2,957
Program service expenses (Part III)
$638,297

Program services were 97.0% 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.

  • 1c · Fundraising events

    $841,100

  • 1f · All other contributions, gifts and grants

    $552,141

  • 1g · Noncash contributions included above

    $24,529

  • 3 · Investment income

    total $22,825 · unrelated business $0 · excluded $22,825

  • 7a · Gross sales of assets other than inventory

    securities -$18,502

  • 7c · Gain or loss

    securities -$18,502

  • 7d · Net gain or loss

    total -$18,502 · related or exempt $0 · unrelated business $0 · excluded -$18,502

  • 8a · Fundraising events: gross income

    $182,058

  • 8a · Fundraising events: contributions included on line 1c

    $841,100

  • 8b · Fundraising events: direct expenses

    $124,965

  • 8c · Net income from fundraising events

    total $57,093 · unrelated business $0 · excluded $57,093

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $629,750 · program services $629,750

  • 11c · Fees: accounting

    total $450 · program services $0 · management and general $450 · fundraising $0

  • 11f · Fees: investment management

    total $4,013 · program services $0 · management and general $4,013 · fundraising $0

  • 11g · Fees: other

    total $7,457 · program services $0 · management and general $7,457 · fundraising $0

  • 13 · Office expenses

    total $4,835 · program services $2,542 · management and general $2,160 · fundraising $133

  • 23 · Insurance

    total $1,217 · program services $0 · management and general $1,217 · fundraising $0

  • 24a · Other expenses: Fees and Licenses

    total $328 · program services $164 · management and general $164 · fundraising $0

  • 24b · Other expenses: Gift Certificates

    total $253 · program services $253 · management and general $0 · fundraising $0

  • 24c · Other expenses: Subscriptions

    total $2,668 · program services $1,334 · management and general $1,334 · fundraising $0

  • 24d · Other expenses: Volunteer Fair Expenses

    total $4,254 · program services $4,254 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $3,002 · program services $0 · management and general $178 · fundraising $2,824

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,037,039 · end of year $95,858

  • 2 · Savings and temporary cash investments

    end of year $28,819

  • 3 · Pledges and grants receivable

    beginning of year $2,221,667 · end of year $1,864,667

  • 11 · Investments: publicly traded securities

    beginning of year $12,848 · end of year $2,565,235

  • 12 · Investments: other securities

    beginning of year $724,738

  • 15 · Other assets

    end of year $125,831

  • 27 · Net assets without donor restrictions

    beginning of year $1,049,887 · end of year $4,680,410

  • 28 · Net assets with donor restrictions

    beginning of year $2,946,405

Mission and programs · 2022

Mission

To support the charities, medical outreach, and educators who work with and minister to the abused, disabled, indigent and those with special needs in Transylvania County, North Carolina.

  • Our annual Gala and Sports Day is a themed fund raiser which hosts over 400 donors participating in sporting events and an evening Dinner Dance. Donors support us at many levels; from the price of the ticket, to sponsorships as much as $50,000. The last two years have raised approximately $1 million in revenue. These significant contributions will have a meaningful impact on the lives of over 12,251 less fortunate residents in Transylvania County, representing an astounding 34% of the county's population. The core focus of Lake Toxaway Charities' support lies in aiding the homeless, hungry, abused women and their children, as well as the educationally and medically deprived members of Transylvania County.

    Expenses $638,297 · Grants $629,750

  • The generosity displayed by our community is humbling to all involved. As a team run by volunteers, approximately 97% of all donations to date will support our Transylvania County agencies, both now and in the future.

As filed on the 2022 return.

Listed in Part VII

  • Jesse Chip Brown

    Chair

    Total calculated
    $0
    Hours/week
    15

  • Jennifer Renfroe

    Vice-Chair

    Total calculated
    $0
    Hours/week
    15

  • Gary Sperduto

    Chair of Endowment Investments

    Total calculated
    $0
    Hours/week
    10

  • Carroll Summerour

    Chair of Grant Assessments

    Total calculated
    $0
    Hours/week
    10

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 September 2023
IRS schema version
2022v5.0
Source object
202322589349301322

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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