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Kim-Com Promotion Ltd FY2022 filing

Tax-deductible

Kimberly, WI501(c)(3)EducationEIN 39-1662196Revenue $217K in FY2022

On file with the IRSpaperfest.comPo Box 33, 54136-0033 · Kimberly, WITax-exempt since Dec 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Kim-Com promotions is responsible for the organization and hosting of the annual paperfest event. Paperfest, typically held at sunset park in kimberly, is a free admission event held annually the third weekend of july. Paperfest is all about community, utilizing the support and generosity of local businesses and volunteers to organize a community event featuring live music, carnival rides, sporting events, kids' games, and much more. Proceeds from paperfest are donated to local nonprofit and civic organizations.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $128K a year · 31% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
41 mo
of spending, in cash
Looks good: 41.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
+45% vs prior year
Spent
$86K
To programs
79%
Net assets
$295K
By yearFY2021–FY2024
Revenue
$217K
FY2022▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2021$150K
FY2022$217K
FY2023$634K
FY2024$647K
Expenses
$86K
FY2022▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2021$73K
FY2022$86K
FY2023$476K
FY2024$499K
Net assets
$295K
FY2022▲ +80%
Tap a bar for its year
Net assets by fiscal year
FY2021$164K
FY2022$295K
FY2023$453K
FY2024$601K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $68K Management & general 21% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Matthew Boots
President
$0Pt VII · Sec A
Jeremy Biese
Vice President
$0Pt VII · Sec A
Vicki Powers
Treasurer
$0Pt VII · Sec A
Kevin Boots
Secretary
$0Pt VII · Sec A
Jordan Bayorgeon
Board Member
$0Pt VII · Sec A
Rylie Biese
Board Member
$0Pt VII · Sec A
James Boots
Board Member
$0Pt VII · Sec A
Kimberly Boots
Board Member
$0Pt VII · Sec A
See Kim-Com Promotion Ltd executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Organizes and hosts an annual community festival with music, rides, and games, donating proceeds to local groups.

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Provided by the organization

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1 program · $68K · in their own filed words · FY2022
01

Kim-com promotions is responsible for the organization and hosting of the annual paperfest event. Paperfest, typically held at sunset park in kimberly, is a free admission event held annually the third weekend of july.

$68Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
US Venture-Schmidt Family Foundation INCFY2024$3K
Total grants receivedfrom 1 funder$3K
Grants paid · 7 grants · $55K · 2022–2024
Heart of the Valley Dance AcademyFY2024$12,754
Individual RecipientFY2024$5,704
Heart of the Valley Dance AcademyFY2023$9,989
Individual RecipientFY2023$7,477
Individual RecipientFY2023$5,016
Individual RecipientFY2022$9,120
Kimberly Fire DepartmentFY2022$5,102

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$217K
Ln 12
Other incomeLn 4–11$128K
Gifts and grantsLn 1h$89K
Investment incomeLn 3$934
Money outPt IX
$86K
Ln 25
Programscol B$68K
Managementcol C$18K
Owns and owesPt X
$295K
net assets · Ln 32
Cash and savingsLn 1–2$295K
Total assetsLn 16$295K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$89K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$62K
Investment incomeLn 3$934
Other incomeLn 4–11$128K
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$295K
Cash and savings togetherLn 1–2$295K
Total assetsLn 16$295K
LiabilitiesLn 26$0
Net assetsLn 32$295K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$164K$295K
Total assetsLn 16$164K$295K
LiabilitiesLn 26$0$0
Net assetsLn 32$164K$295K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$62K$62K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$4K$4K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$170$170
All other expensesLn 24e$671$500$171
Total functional expensesLn 25$86K$68K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $647K$499K$148K$601K 990 PDF
FY2023 $634K$476K$158K$453K 990 PDF
FY2022 Viewing $217K$86K$131K$295K 990 PDF
FY2021 $150K$73K$77K$164K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $217,382 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $46,782$88,799
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $176$934
I-11 Other revenuePrior year $103,479$127,649
I-12 Total revenuePrior year $150,437$217,382
I-13 Grants and similar amounts paidPrior year $0$62,047
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $73,291$24,252
I-18 Total expensesPrior year $73,291$86,299
I-19 Revenue less expensesPrior year $77,146$131,083
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $217,382 across 7 lines filed
VIII-1c Fundraising events$62,047
VIII-1f All other contributions, gifts and grants$26,752
VIII-1g Noncash contributions (included above)$2,000
VIII-1h Total contributions, gifts and grants$88,799
VIII-3 Investment incomeExcluded from tax $934$934
VIII-8 Net income from fundraising eventsExcluded from tax $127,649$127,649
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $128,583$217,382
Part IX · Statement of functional expenses $86,299 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $62,047$62,047
IX-12 Advertising and promotionPrograms $5,780$5,780
IX-13 Office expensesManagement $4,192$4,192
IX-23 InsuranceManagement $13,439$13,439
IX-24 Other expenses (24a–d)Management $170$170
IX-24e All other expensesPrograms $500 · Management $171$671
IX-25 Total functional expensesPrograms $68,327 · Management $17,972 · Fundraising $0$86,299
Part X · Balance sheet $295,065 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $163,982$295,065
X-16 Total assetsStart of year $163,982$295,065
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $163,982$295,065
X-33 Total liabilities and net assetsStart of year $163,982$295,065
Part XI · Reconciliation of net assets $295,065 net assets at year end
XI-1 Total revenue$217,382
XI-2 Total expenses$86,299
XI-3 Revenue less expenses$131,083
XI-4 Net assets at start of year$163,982
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$295,065

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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