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Nonprofiteer
← OCONNOR FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by OCONNOR FAMILY FOUNDATION.

Totals

Total revenue
$175,358
Total expenses
$120,018
Contributions and grants received
$0
Grants paid
$74,600
Program service revenue
$0
Investment income
$175,334
Other revenue
$24
Total assets, end of year
$1,892,087
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,892,087
Program services expenses (Part IX)
$105,710
Management and general expenses
$14,308
Fundraising expenses
$0
Program service expenses (Part III)
$105,710

Program services were 88.1% 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.

  • 3 · Investment income

    total $46,236 · related or exempt $46,236

  • 7a · Gross sales of assets other than inventory

    securities $868,324

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

    securities $739,226

  • 7c · Gain or loss

    securities $129,098

  • 7d · Net gain or loss

    total $129,098 · related or exempt $129,098

  • 11a · Other revenue: COGNIZANT LITIGATION SETTLEME

    total $24 · excluded $24

  • 11e · Other revenue, total

    $24

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,600 · program services $74,600

  • 11a · Fees: management

    total $28,615 · program services $14,307 · management and general $14,308

  • 11c · Fees: accounting

    total $1,700 · program services $1,700

  • 11f · Fees: investment management

    total $15,103 · program services $15,103

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $35,605 · end of year $89,023

  • 11 · Investments: publicly traded securities

    beginning of year $1,801,142 · end of year $1,803,064

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,675,779 · end of year $1,675,779

  • 31 · Retained earnings, endowment or other funds

    beginning of year $160,968 · end of year $216,308

Mission and programs · 2023

Mission

THE CORPORATION IS DESIGNED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES AND SHALL NOT AFFORD PECUNIARY GAIN, INCIDENTALLY OR OTHERWISE, TO ITS MEMBERS AS SUCH. SPECIFICALLY, THE CORPORATION IS ORGANIZED TO RECEIVE OR MAINTAIN A FUND OR FUNDS AND TO ADMINISTER AND APPLY THE INCOME AND PRINCIPAL THEREOF, SOLELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT ARE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED FROM TIME TO TIME, OR SUCCESSOR PROVISION THERETO(THE "CODE"), AND ARE EXEMPT FROM TAXATION UNDER 501(A) OF THE CODE, AND TO QUALIFY AT ALL TIMES AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) OF THE CODE BY REASON OF BEING OPERATED, SUPERVISED, OR CONTROLLED BY THE CORPORATION'S PUBLICLY SUPPORTED ORGANIZATION MEMBERS.

Activities or mission (Part I)

THE CORPORATION IS DESIGNED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES - SPECIFICALLY, THE COPORATION IS ORGANIZED TO MAINTAIN A FUND SOLELY FOR THOSE PURPOSES.

  • SEE ORGANIZATION'S MISSION STATEMENT.

    Expenses $105,710 · Grants $74,600

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

Listed in Part VII

  • Kimara O' Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary C O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Joseph O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
13 November 2024
IRS schema version
2023v5.0
Source object
202443199349304509

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