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Nonprofiteer
← STAR ISLAND PERMANENT TR FUND

Form 990 for tax year 2024

Filed by STAR ISLAND PERMANENT TR FUND.

Totals

Total revenue
$630,848
Total expenses
$330,170
Contributions and grants received
$313,007
Grants paid
$284,624
Program service revenue
$0
Investment income
$317,841
Other revenue
$0
Total assets, end of year
$5,891,735
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,891,735
Program services expenses (Part IX)
$284,624
Management and general expenses
$45,546
Fundraising expenses
$0
Program service expenses (Part III)
$284,624

Program services were 86.2% 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.

  • 1f · All other contributions, gifts and grants

    $313,007

  • 3 · Investment income

    total $172,759 · excluded $172,759

  • 7a · Gross sales of assets other than inventory

    securities $853,405

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

    securities $708,323

  • 7c · Gain or loss

    securities $145,082

  • 7d · Net gain or loss

    total $145,082 · excluded $145,082

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $284,624 · program services $284,624

  • 11f · Fees: investment management

    total $45,546 · management and general $45,546

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $322,913 · end of year $147,265

  • 4 · Accounts receivable

    beginning of year $71,129 · end of year $62,521

  • 11 · Investments: publicly traded securities

    beginning of year $5,082,160 · end of year $5,681,949

  • 27 · Net assets without donor restrictions

    beginning of year $5,425,514 · end of year $5,837,416

  • 28 · Net assets with donor restrictions

    beginning of year $50,688 · end of year $54,319

Mission and programs · 2024

Mission

The Star Island Permanent Trust Fund holds and manages endowment assets for the Star Island Corporation, a 501(c)(3) exempt organization. The Trust pays income annually to the Corporation to subsidize its program of religious and educational conferences.

Activities or mission (Part I)

To hold and manage endowment assets for the Star Island Corp., a 501(c)(3) organization.

  • The Star Island Permanent Trust Fund distributed $226,624 of its assets to the Star Island Corporation during 2024. This distribution subsidized the general operating expenses of the Star Island Corporation, which organizes conferences and related activities for religious, educational, and kindred purposes consistent with the principles of the Unitarian Universalist Association and the United Church of Christ. The Star Island Permanent Trust Fund also distributed $58,000 of its assets to the Star Island Corporation during 2024. This special distribution was to offset the costs of a fundraising feasibility study.Other than these distributions, the Star Island Permanent Trust Fund had no other program service activities during 2024.

    Expenses $284,624 · Grants $284,624

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

Listed in Part VII

  • David Yermack

    Chairman

    Total calculated
    $0
    Hours/week
    0.3

  • Elizabeth Erickson

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • Edmund Jones

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Kathy Lord

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Bill Peterson

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

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

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
9 April 2025
IRS schema version
2024v5.1
Source object
202521029349300712

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