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← J D PHILIPS TR UW ART 5 PAR 2

Form 990 for tax year 2023

Filed by J D PHILIPS TR UW ART 5 PAR 2.

Totals

Total revenue
$48,407
Total expenses
$22,928
Contributions and grants received
$0
Grants paid
$5,614
Program service revenue
$0
Investment income
$48,407
Other revenue
$0
Total assets, end of year
$565,195
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$565,195
Program services expenses (Part IX)
$18,028
Management and general expenses
$4,900
Fundraising expenses
$0
Program service expenses (Part III)
$5,614

Program services were 78.6% 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 $11,630 · excluded $11,630

  • 7a · Gross sales of assets other than inventory

    securities $402,820

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

    securities $366,043

  • 7c · Gain or loss

    securities $36,777

  • 7d · Net gain or loss

    total $36,777 · excluded $36,777

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,614 · program services $5,614

  • 5 · Compensation of officers, directors and key employees

    total $7,917 · program services $3,167 · management and general $4,750

  • 11b · Fees: legal

    total $1,521 · program services $1,521

  • 11c · Fees: accounting

    total $7,491 · program services $7,491

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $150 · management and general $150

  • 24b · Other expenses: STATE INCOME TAXES

    total $35 · program services $35

  • 24c · Other expenses: PROBATE COURT FEES

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,804 · end of year $8,448

  • 11 · Investments: publicly traded securities

    beginning of year $537,427 · end of year $556,747

  • 29 · Capital stock, trust principal or current funds

    beginning of year $539,231 · end of year $565,195

Mission and programs · 2023

Mission

THE PHILLIP JAMES DUNCAN TRUST IS A 501(C)(3) ORGANIZATION WHICH SUPPORTS THE FOLLOWING ORGANIZATION - ESSEX INSTITUTE (KNOWN NOW AS PEABODY ESSEX MUSEUM DUE TO A MERGER WITH PEABODY MUSEUM OF SALEM)

  • PEABODY ESSEX MUSEUM; 161 ESSEX ST, SALEM, MA 01970-3701

    Expenses $5,614 · Grants $5,614

As filed on the 2023 return.

Listed in Part VII

  • Randolph P Barton

    CO-TRUSTEE

    Total calculated
    $0

  • Bny Mellon Na

    CO-TRUSTEE

    Total calculated
    $7,917
    From this org
    $7,917
    From related orgs
    $0
    Other
    $0

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
2023
Filed
21 January 2025
IRS schema version
2023v6.0
Source object
202500389349300530

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