FBT FOR A BRIGHTER TOMORROW CHARITABLE FUND INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FBT FOR A BRIGHTER TOMORROW CHARITABLE FUND INC (EIN 83-0672445)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-06
IRS object ID
202441279349301929
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-06T14:08:07-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN454572379PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HENSLEY & THRONEBERRY CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1324 EAST 10TH AVENUEAddressLine1Txt
CityBOWLING GREENCityNm
State AbbreviationKYStateAbbreviationCd
ZIP421012110ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN830672445EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FBT FOR A BRIGHTER TOMORROWBusinessNameLine1Txt
Business Name Line2CHARITABLE FUND INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFBTFBusinessNameControlTxt
Phone2709014460PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 449AddressLine1Txt
CityFRANKLINCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42135ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGUY WAGGONER IIPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone2709014460PhoneNum
Signature2024-05-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGUYPersonFirstNm
Person LastWAGGONERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANDREW R HENSLEYPreparerPersonNm
PTINP01034794PTIN
Phone2709042545PhoneNum
Preparation2024-05-06PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGUY WAGGONER IIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 449AddressLine1Txt
CityFRANKLINCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42135ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$105,248GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateKYLegalDomicileStateCd
Activity Or MissionTHE NONPROFIT CORPORATION'S MISSION IS TO ENHANCE THE FUTURE OF THE LOCAL COMMUNITY BY PROVIDING AN AVENUE FOR COMMUNITY MEMBERS AND BUSINESSES TO CONTRIBUTE TO CHARITIES THROUGH A DONOR ADVISED FUND.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$1,268,179PYContributionsGrantsAmt
CY Contributions Grants$43,300CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$5,422PYInvestmentIncomeAmt
CY Investment Income$61,948CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,273,601PYTotalRevenueAmt
CY Total Revenue$105,248CYTotalRevenueAmt
PY Grants And Similar Paid$167,300PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$85,262CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$513PYOtherExpensesAmt
CY Other Expenses$6,477CYOtherExpensesAmt
PY Total Expenses$167,813PYTotalExpensesAmt
CY Total Expenses$91,739CYTotalExpensesAmt
PY Revenues Less Expenses$1,105,788PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$13,509CYRevenuesLessExpensesAmt
Total Assets BOY$1,293,227TotalAssetsBOYAmt
Total Assets EOY$1,306,736TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,293,227NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,306,736NetAssetsOrFundBalancesEOYAmt
MissionTHE NONPROFIT CORPORATION'S MISSION IS TO ENHANCE THE FUTURE OF THE LOCAL COMMUNITY BY PROVIDING AN AVENUE FOR COMMUNITY MEMBERS AND BUSINESSES TO CONTRIBUTE TO CHARITIES THROUGH A DONOR ADVISED FUND.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$91,739ExpenseAmt
Grant$85,262GrantAmt
DescTHE NONPROFIT CORPORATION'S MISSION IS TO ENHANCE THE FUTURE OF THE LOCAL COMMUNITY BY PROVIDING AN AVENUE FOR COMMUNITY MEMBERS AND BUSINESSES TO CONTRIBUTE TO CHARITIES THROUGH A DONOR ADVISED FUND.Desc
Total Program Service Expenses$91,739TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundYes (true)DonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldKYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGUY WAGGONER IIPersonNm
Phone2709014460PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 449AddressLine1Txt
CityFRANKLINCityNm
State AbbreviationKYStateAbbreviationCd
ZIP42135ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GARY BROADY
DIRECTOR1.00Yes (X)$0$0$0
ALEX DOWNING
DIRECTOR1.00Yes (X)$0$0$0
GUY WAGGONER II
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$43,300AllOtherContributionsAmt
Total Contributions$43,300TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$61,781TotalRevenueColumnAmt
Exclusion$61,781ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$167OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$167OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$167TotalRevenueColumnAmt
Exclusion$167ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$105,248TotalRevenueColumnAmt
Exclusion$61,948ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$85,262TotalAmt
Program Services$85,262ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$6,477TotalAmt
Program Services$6,477ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$91,739TotalAmt
Program Services$91,739ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,293,227BOYAmt
EOY$1,306,736EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,293,227BOYAmt
EOY$1,306,736EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$74BOYAmt
EOY$4,090EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,293,153BOYAmt
EOY$1,302,646EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,293,227BOYAmt
EOY$1,306,736EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,293,227BOYAmt
EOY$1,306,736EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$13,509ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$27,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$181,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,268,179CurrentTaxYearMinus1YearAmt
Current Tax Year$43,300CurrentTaxYearAmt
Total$1,520,579TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$27,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$181,600CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,268,179CurrentTaxYearMinus1YearAmt
Current Tax Year$43,300CurrentTaxYearAmt
Total$1,520,579TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,520,579PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$448CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,037CurrentTaxYearMinus1YearAmt
Current Tax Year$61,781CurrentTaxYearAmt
Total$69,266TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$448CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,037CurrentTaxYearMinus1YearAmt
Current Tax Year$61,781CurrentTaxYearAmt
Total$69,266TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$27,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$182,048CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,275,216CurrentTaxYearMinus1YearAmt
Current Tax Year$105,081CurrentTaxYearAmt
Total$1,589,845TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.95640PublicSupportCY509Pct
Public Support PY5090.99500PublicSupportPY509Pct
Investment Income CY0.04000InvestmentIncomeCYPct
Investment Income PY0.01000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held5DonorAdvisedFundsHeldCnt
Funds And Other Accounts Held1FundsAndOtherAccountsHeldCnt
Donor Advised Funds Contri$38,300DonorAdvisedFundsContriAmt
Funds And Other Accounts Contri$5,000FundsAndOtherAccountsContriAmt
Donor Advised Funds Grants$84,262DonorAdvisedFundsGrantsAmt
Funds And Other Accounts Grants$1,000FundsAndOtherAccountsGrantsAmt
Donor Advised Funds Vl EOY$1,302,645DonorAdvisedFundsVlEOYAmt
Funds And Other Accounts Vl EOY$4,090FundsAndOtherAccountsVlEOYAmt
Disclosed Org Leg CtrlfalseDisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (true)DisclosedForCharitablePrpsInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdCash GrantCashGrantAmt
FRANKLIN FIRST UNITED METHODIST CHU
107 N COLLEGE STREETFRANKLINKY42134$22,000
SERVE THE GLOBAL CHURCH
10524 MOSS PARK RDORLANDOFL32832$49,462
FieldValueIRS element (for citing)
Total501c3 Org13Total501c3OrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BA DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE PRINCIPAL AND SIGNATURE OFFICER BEFORE FILING THE RETURN. A COPY OF THE FILED 990 IS DISTRIBUTED TO EACH BOARD OF DIRECTOR FOR THEIR REVIEW.
FORM 990, PAGE 6, PART VI, LINE 12CTHE BOARD OF DIRECTORS IS REQUIRED TO UPDATE AND DISCLOSE ANNUALLY ANY CONFLICT OF INTEREST.
FORM 990, PAGE 6, PART VI, LINE 15ATHE ENTITY DOES NOT PAY ANY COMPENSATION TO INDIVIDUALS.
FORM 990, PAGE 6, PART VI, LINE 15BTHE ENTITY DOES NOT PAY ANY COMPENSATION TO INDIVIDUALS.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.