A Fountain Of Flounders Foundation
- Assets
- $20.2k
- Revenue
- -$44.2k
- Investments
- $12.8k
- Employees
- 0
- Location
- Mound House, NV
- Founding
- Data as of
- 12/2022
- EIN
- 87-3710894
Organization Overview
A Fountain Of Flounders Foundation is located in Mound House, NV. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Fountain Of Flounders Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDER BRENT M HURST DIED ON MAY 23 2022. GERALD L HURST THE FOUNDERS FATHER IS THE ADMINISTRATOR OF THE ESTATE AND HAS BECOME THE DIRECTOR AND OFFICERS OF THE FOUNDATION. THE SUCCESSOR DIRECTOR WILL MANAGE THE ASSETS OF THE FOUNDATION AND DISTRIBUTE THE FUNDS ACCORDING THE FOUNDING DOCUMENTS INCLUDING THE AMOUNT ON LINE F OF PART XII REQUIRED TO BE DISTRIBUTED IN THE CALENDAR YEAR 2023.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent M Hurst Deceased Director | 5 | $0 | |
Gerald L Hurst Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,450 |
| Interest on Savings | $8 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,702 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$44,244 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $101 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $101 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,406 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,206 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |