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← SUSIE & JUANITA STREID ESTATE TRUST

Form 990 for tax year 2024

Filed by SUSIE & JUANITA STREID ESTATE TRUST.

Totals

Total revenue
$154,779
Total expenses
$124,551
Contributions and grants received
$0
Grants paid
$111,819
Program service revenue
$0
Investment income
$15,158
Other revenue
$139,621
Total assets, end of year
$1,155,396
Total liabilities, end of year
$64,500
Net assets or fund balances, end of year
$1,090,896
Program services expenses (Part IX)
$111,819
Management and general expenses
$12,732
Fundraising expenses
$0
Program service expenses (Part III)
$111,819

Program services were 89.8% 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 $15,158 · related or exempt $15,158

  • 6a · Gross rents

    real property $263,769

  • 6b · Less rental expenses

    real property $124,148

  • 6c · Rental income or loss

    real property $139,621

  • 6d · Net rental income or loss

    total $139,621 · related or exempt $139,621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $111,819 · program services $111,819

  • 7 · Other salaries and wages

    total $2,875 · management and general $2,875

  • 11b · Fees: legal

    total $7,822 · management and general $7,822

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 22 · Depreciation, depletion and amortization

    total $970 · management and general $970

  • 24a · Other expenses: ATTORNEY GENERAL FILING

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,253 · end of year $25,162

  • 2 · Savings and temporary cash investments

    beginning of year $127,947 · end of year $225,245

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

    $913,766

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

    $20,518

  • 10c · Land, buildings and equipment, net

    beginning of year $894,218 · end of year $893,248

  • 12 · Investments: other securities

    beginning of year $17,244 · end of year $17,244

  • 15 · Other assets

    beginning of year $0 · end of year -$5,503

  • 25 · Other liabilities

    beginning of year $0 · end of year $64,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,078,904 · end of year $1,078,904

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$21,242 · end of year $11,992

Mission and programs · 2024

Mission

THIS TRUST OWNS 3 FARMS THAT WERE LEFT IN TRUST, THE PROFIT FROM THESE FARMS PROVIDE INCOME TO A NOT-FOR-PROFIT RETIREMENT HOME, A CHURCH, AND TO PROVIDE SCHOLARSHIPS. THE TRUSTEE OVERSEES THE MANAGEMENT OF THESE FARMS TO MAXIMIZE INCOME FOR THE BENEFIT OF THE BENEFICIARIES.

Activities or mission (Part I)

THIS TRUST OWNS 3 FARMS THAT WERE LEFT IN THE TRUST, THE PROFIT FROM THESE FARMS PROVIDE INCOME TO A NOT FOR PROFIT RETIREMENT HOME, A CHURCH, AND TO PROVIDE SCHOLARSHIPS. THE TRUSTEE OVERSEES THE MANAGEMENT OF THESE FARMS TO MAXIMIZE INCOME FOR THE BENEFIT OF THE BENFICIARIES.

  • UNDER PAR. 7TH(B) OF THE LAST WILL OF JUANITA R. STREID & PAR. 4TH(E) OF THE LAST WILL OF SUSIE STREID, THE NET INCOME FROM 115 ACRES OF FARMLAND WAS TO BE PAID TO CHURCH OF CHRIST UNITING.

    Expenses $44,999 · Grants $44,999

  • UNDER PAR. 7TH(A) OF THE LAST WILL OF JUANITA R STREID & PAR. 4TH (D) OF THE LAST WILL OF SUSIE STREID, THE NET INCOME FROM 207 ACRES OF FARMLAND WAS TO BE PAID TO MEADOWS MENNONITE CHURCH, NOW MEADOWS MENNONITE RETIREMENT COMMUNITY. SINCE THE CLOSURE OF MEADOWS MENNONITE RETIREMENT COMMUNITY, THE NET INCOME WILL NOW BE PAID TO THE VILLAGE AT MERCY CREEK.

    Expenses $66,820 · Grants $66,820

As filed on the 2024 return.

Listed in Part VII

  • HEARTLAND BANK & TRUST CO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202501349349306150

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