Midway Venture Foundation FY2022 filing

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Foundation holds golf tournaments to raise money for breast cancer awareness.

501(c)(3) charity; gifts are tax-deductible.
93¢ 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
3 of 4
filings with a surplus
Average surplus $507 a year · under 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
+23% vs prior year
Spent
$67K
To programs
93%
Net assets
$11K
By yearFY2021–FY2024
Revenue
$70K
FY2022▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2021$57K
FY2022$70K
FY2023$85K
FY2024$75K
Expenses
$67K
FY2022▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2021$50K
FY2022$67K
FY2023$64K
FY2024$105K
Net assets
$11K
FY2022▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2021$8K
FY2022$11K
FY2023$32K
FY2024$2K

From the FY2022 Form 990 · see the original

990 PDF Claim
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 Mar 2017.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $62K Management & general 7% · $4K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
See Midway Venture Foundation 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Holds golf tournaments to raise money for breast cancer awareness.

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Provided by the organization

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1 program · $62K · in their own filed words · FY2022
01

Golf tornament for breast cancer awareness

$62Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$70K
Ln 12
Gifts and grantsLn 1h$70K
Money outPt IX
$67K
Ln 25
Programscol B$62K
Managementcol C$4K
Owns and owesPt X
$11K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$11K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$11K
LiabilitiesLn 26$0
Net assetsLn 32$11K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$8K$11K
Total assetsLn 16$8K$11K
LiabilitiesLn 26$0$0
Net assetsLn 32$8K$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Other fees for servicesLn 11g$2K$2K
Other expenses (24a–d)Ln 24$63K$61K$2K
Total functional expensesLn 25$67K$62K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $75K$105K−$30K$2K 990 PDF
FY2023 $85K$64K$21K$32K 990 PDF
FY2022 Viewing $70K$67K$4K$11K 990 PDF
FY2021 $57K$50K$8K$8K 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 $70,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,158$70,280
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $6,963$0
I-12 Total revenuePrior year $57,121$70,280
I-13 Grants and similar amounts paidPrior year $0$1,412
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 $49,571$65,255
I-18 Total expensesPrior year $49,571$66,667
I-19 Revenue less expensesPrior year $7,550$3,613
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $70,280 across 3 lines filed
VIII-1f All other contributions, gifts and grants$70,280
VIII-1h Total contributions, gifts and grants$70,280
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$70,280
Part IX · Statement of functional expenses $66,667 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $1,412$1,412
IX-11g Other fees for servicesManagement $2,369$2,369
IX-24 Other expenses (24a–d)Programs $60,785 · Management $2,101$62,886
IX-25 Total functional expensesPrograms $62,197 · Management $4,470 · Fundraising $0$66,667
Part X · Balance sheet $11,163 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $7,550$11,163
X-16 Total assetsStart of year $7,550$11,163
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $7,550$11,163
X-33 Total liabilities and net assetsStart of year $7,550$11,163
Part XI · Reconciliation of net assets $11,163 net assets at year end
XI-1 Total revenue$70,280
XI-2 Total expenses$66,667
XI-3 Revenue less expenses$3,613
XI-4 Net assets at start of year$7,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,163

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

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