The 1982 Foundation FY2023 filing

Tax-deductible

Grantsville, WV501(c)(3)Community DevelopmentEIN 87-2345102Revenue $896K in FY2023

On file with the IRSthe1982foundation.orgPo Box 82, 26147-0082 · Grantsville, WVTax-exempt since Jun 2022Publicly supported charity — 170(b)(1)(A)(vi)

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The 1982 Foundation was created with its sole mission of converting the old calhoun county high school into the calhoun county community center to provide recreational activities and community support to the children and residents of calhoun county.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$61K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 $811K a year · 69% 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$61K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $224K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.8M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$896K
-30% vs prior year
Spent
$595K
To programs
81%
Net assets
$2.4M
By yearFY2021–FY2024
Revenue
$896K
FY2023▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.3M
FY2023$896K
FY2024$1.4M
Expenses
$595K
FY2023▲ +111%
Tap a bar for its year
Expenses by fiscal year
FY2021$66K
FY2022$282K
FY2023$595K
FY2024$534K
Net assets
$2.4M
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$2.1M
FY2023$2.4M
FY2024$3.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jun 2022.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $482K Management & general 19% · $114K

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

8 people listed on the 990; $61K paid to officers and key staff.

Part VII, Section A · reportable compensation
Finance and HR Director
$61,090Pt VII · Sec A
Board of Advisors
$0Pt VII · Sec A
Board of Advisors
$0Pt VII · Sec A
Vice President/Board
$0Pt VII · Sec A
Board of Advisors
$0Pt VII · Sec A
Treasurer/Board
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President/Board
$0Pt VII · Sec A

Jason Cunningham’s $75K as Finance and HR Director is at the 9th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Jason Cunningham$75,012$61,090

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The 1982 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Converts an old high school into a community center for recreation and support.

Provided by the organization

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1 program · $482K · in their own filed words · FY2023
01

To provide support for a community and recreation center for the residents of calhoun county. To provide the youth of calhoun county with athletic equipment to enhance outdoor activities.

$482Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$224K
Grants paid · 4 grants · $177K · 2022–2024
Unitemized GrantFY2024$50,572
Calhoun Community Center Landlord LLCFY2023$71,069
Unitemized GrantFY2023$46,521
Unitemized GrantFY2022$8,853

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$896K
Ln 12
Gifts and grantsLn 1h$835K
Other incomeLn 4–11$38K
Investment incomeLn 3$22K
Money outPt IX
$595K
Ln 25
Programscol B$482K
Managementcol C$114K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.8M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$835K
Noncash giftsLn 1g$9K
Investment incomeLn 3$22K
Other incomeLn 4–11$38K
Total revenueLn 12$896K
Assets in detailPt X, end of year
SavingsLn 2$276K
Cash and savings togetherLn 1–2$276K
Land, buildings, equipmentLn 10c$810K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.8M
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$276K
Land, buildings, equipmentLn 10c$1.1M$810K
Total assetsLn 16$2.1M$6.2M
LiabilitiesLn 26$36K$3.8M
Net assetsLn 32$2.1M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$71K$71K
Grants to domestic individualsLn 2$47K$47K
Other salaries and wagesLn 7$169K$169K
Payroll taxesLn 10$15K$15K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$7K$7K
InterestLn 20$95K$95K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$67K$67K
Other expenses (24a–d)Ln 24$70K$55K$15K
All other expensesLn 24e$564$564
Total functional expensesLn 25$595K$482K$114K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$534K$841K$3.2M 990 PDF
FY2023 Viewing $896K$595K$300K$2.4M 990 PDF
FY2022 $1.3M$282K$994K$2.1M 990 PDF
FY2021 $1.2M$66K$1.1M$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $895,871 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,275,552$835,332
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $164$22,243
I-11 Other revenuePrior year $0$38,296
I-12 Total revenuePrior year $1,275,716$895,871
I-13 Grants and similar amounts paidPrior year $8,853$117,590
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $32,167$184,492
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $240,633$293,365
I-18 Total expensesPrior year $281,653$595,447
I-19 Revenue less expensesPrior year $994,063$300,424
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $895,871 across 6 lines filed
VIII-1f All other contributions, gifts and grants$835,332
VIII-1g Noncash contributions (included above)$9,145
VIII-1h Total contributions, gifts and grants$835,332
VIII-3 Investment incomeExcluded from tax $22,243$22,243
VIII-8 Net income from fundraising eventsExcluded from tax $38,296$38,296
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $60,539$895,871
Part IX · Statement of functional expenses $595,447 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $71,069$71,069
IX-2 Grants to domestic individualsPrograms $46,521$46,521
IX-7 Other salaries and wagesPrograms $169,067$169,067
IX-10 Payroll taxesPrograms $15,425$15,425
IX-11c Accounting feesManagement $21,469$21,469
IX-11g Other fees for servicesPrograms $20,194$20,194
IX-12 Advertising and promotionManagement $3,352$3,352
IX-13 Office expensesManagement $6,508$6,508
IX-20 InterestPrograms $95,358$95,358
IX-22 Depreciation, depletion and amortizationPrograms $8,331$8,331
IX-23 InsuranceManagement $67,421$67,421
IX-24 Other expenses (24a–d)Programs $55,118 · Management $15,050$70,168
IX-24e All other expensesPrograms $564$564
IX-25 Total functional expensesPrograms $481,647 · Management $113,800 · Fundraising $0$595,447
Part X · Balance sheet $6,246,108 assets, 10 lines filed
Asset lines not itemized here account for $5,160,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,050,561$275,666
X-4 Accounts receivable$750
X-10c Land, buildings and equipment, netStart of year $1,088,005$809,692
X-16 Total assetsStart of year $2,138,566$6,246,108
X-17 Accounts payable and accrued expensesStart of year $36,286$29,068
X-24 Unsecured notes and loans payable$3,814,336
X-26 Total liabilitiesStart of year $36,286$3,843,404
X-27 Net assets without donor restrictionsStart of year $2,102,280$2,402,704
X-32 Total net assets or fund balancesStart of year $2,102,280$2,402,704
X-33 Total liabilities and net assetsStart of year $2,138,566$6,246,108
Part XI · Reconciliation of net assets $2,402,704 net assets at year end
XI-1 Total revenue$895,871
XI-2 Total expenses$595,447
XI-3 Revenue less expenses$300,424
XI-4 Net assets at start of year$2,102,280
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,402,704

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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