Skip to content
Nonprofiteer
← FRED LAMKE MEMORIAL FUND FBO WILMINGTON COLLEGE

Form 990 for tax year 2024

Filed by FRED LAMKE MEMORIAL FUND FBO WILMINGTON COLLEGE.

Totals

Total revenue
$40,771
Total expenses
$43,265
Contributions and grants received
$0
Grants paid
$28,567
Program service revenue
$0
Investment income
$40,771
Other revenue
$0
Total assets, end of year
$609,914
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$609,914
Program services expenses (Part IX)
$35,680
Management and general expenses
$7,585
Fundraising expenses
$0
Program service expenses (Part III)
$43,263

Program services were 82.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $23,596 · excluded $23,596

  • 7a · Gross sales of assets other than inventory

    securities $87,286

  • 7b · Less cost or other basis and sales expenses

    securities $70,111

  • 7c · Gain or loss

    securities $17,175

  • 7d · Net gain or loss

    total $17,175 · excluded $17,175

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,567 · program services $28,567

  • 5 · Compensation of officers, directors and key employees

    total $11,942 · program services $5,971 · management and general $5,971

  • 11b · Fees: legal

    total $1,216 · program services $608 · management and general $608

  • 11c · Fees: accounting

    total $1,068 · program services $534 · management and general $534

  • 11g · Fees: other

    total $0 · program services $0

  • 24a · Other expenses: OAG ANNUAL FILING FEE

    total $200 · management and general $200

  • 24b · Other expenses: CLINTON COUNTY PROBATE COURT ANNUAL

    total $13 · management and general $13

  • 24c · Other expenses: FOREIGN TAX ON QUALIFIED DIVIDENDS

    total $221 · management and general $221

  • 24d · Other expenses: FOREIGN TAX ON NONQUALIFIED DIVIDEN

    total $38 · management and general $38

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,237 · end of year $7,819

  • 11 · Investments: publicly traded securities

    beginning of year $577,198 · end of year $602,095

  • 27 · Net assets without donor restrictions

    beginning of year $612,435 · end of year $609,914

Mission and programs · 2024

Mission

Scholarships/Wilmington College

  • All income from this trust is for Wilmington College to use in providing financial aid for needy, rural students to attend their institution.

    Expenses $43,263 · Grants $28,567 · Revenue $40,772

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peoples Bank

    Trustee

    Total calculated
    $11,942
    From this org
    $11,942
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.1
Source object
202541359349307674

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.