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Nonprofiteer
← WAVERLY C WORKMAN TEST TR

Form 990 for tax year 2022

Filed by WAVERLY C WORKMAN TEST TR.

Totals

Total revenue
$315,559
Total expenses
$205,480
Contributions and grants received
$0
Grants paid
$203,100
Program service revenue
$0
Investment income
$4,959
Other revenue
$310,600
Total assets, end of year
$7,622,989
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,622,989
Program services expenses (Part IX)
$203,100
Management and general expenses
$1,945
Fundraising expenses
$0
Program service expenses (Part III)
$203,100

Program services were 98.8% 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 $4,959 · excluded $4,959

  • 6a · Gross rents

    real property $624,405

  • 6b · Less rental expenses

    real property $313,805

  • 6c · Rental income or loss

    real property $310,600

  • 6d · Net rental income or loss

    total $310,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $203,100 · program services $203,100

  • 5 · Compensation of officers, directors and key employees

    total $1,000 · management and general $1,000

  • 11c · Fees: accounting

    total $930 · management and general $930

  • 22 · Depreciation, depletion and amortization

    total $435

  • 24e · All other expenses

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $113,931 · end of year $224,237

  • 10a · Land, buildings and equipment: cost or other basis

    $7,400,925

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,173

  • 10c · Land, buildings and equipment, net

    beginning of year $7,399,187 · end of year $7,398,752

  • 31 · Retained earnings, endowment or other funds

    beginning of year $7,513,118 · end of year $7,622,989

Mission and programs · 2022

Mission

TRUST ESTABLISHED UNDER THE TERMS OF THE WILL OF WAVERLY C. WORKMAN. ACCORDING TO THE PROVISIONS IN THE WILL, THE TRUSTEE WILL LEASE AND MANAGE THE FARM LAND REAL ESTATE. THE TRUSTEE SHALL DISTRIBUTE THE NET INCOME ANNUALLY FROM SAID FARM LAND AFTER NECESSARY EXPENSES AND INCLUDING A REASONABLE RESERVE FUND FOR THE NEXT CROP YEAR, 1/3 EACH TO THE FOLLOWING NON-PROFIT ORGANIZATIONS:1) ILLINOIS CHURCHES IN ACTION, 2)ILLINOIS GREAT RIVERS ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. CONFERENCE BOARD OF GLOBAL MINISTRIES AND 3)CONFERENCE BOARD OF ORDAINED MINISTRY, WHICH SHALL DISTRIBTE SAID FUNDS AS SCHOLARSHIPS OR GRANTS FOR ILLIOIS MINISTERIAL STUDENTS TO ATTEND METHODIST/WESLEYAN SEMINARIES.

  • ILLINOIS CHURCHES IN ACTION

    Expenses $67,700 · Grants $67,700

  • ILLINOIS GREAT RIVERS/UNITED METHODIST/GLOBAL MIINISTRIES

    Expenses $67,700 · Grants $67,700

  • ILLINOIS GREAT RIVERS/UNITED METHODIST/ORDAINED MINISTRY

    Expenses $67,700 · Grants $67,700

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Busey Bank

    TRUSTEE

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2023
IRS schema version
2022v5.0
Source object
202341329349307244

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