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Nonprofiteer
← MARY KATE SHANNON BENEVOLENT TR

Form 990 for tax year 2023

Filed by MARY KATE SHANNON BENEVOLENT TR.

Totals

Total revenue
$300,288
Total expenses
$239,182
Contributions and grants received
$0
Grants paid
$169,737
Program service revenue
$0
Investment income
$300,288
Other revenue
$0
Total assets, end of year
$7,663,420
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,663,420
Program services expenses (Part IX)
$169,737
Management and general expenses
$69,445
Fundraising expenses
$0
Program service expenses (Part III)
$169,737

Program services were 71.0% 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 $247,549 · unrelated business $247,549

  • 7a · Gross sales of assets other than inventory

    securities $1,439,998

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

    securities $1,387,259

  • 7c · Gain or loss

    securities $52,739

  • 7d · Net gain or loss

    total $52,739 · related or exempt $52,739

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $169,737 · program services $169,737

  • 5 · Compensation of officers, directors and key employees

    total $62,822 · management and general $62,822

  • 11c · Fees: accounting

    total $1,665 · management and general $1,665

  • 24a · Other expenses: Filing fees

    total $4,599 · management and general $4,599

  • 24b · Other expenses: Foreign tax withheld

    total $359 · management and general $359

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year -$3

  • 2 · Savings and temporary cash investments

    beginning of year $160,587 · end of year $300,867

  • 11 · Investments: publicly traded securities

    beginning of year $1,332,926 · end of year $1,226,475

  • 12 · Investments: other securities

    beginning of year $6,108,801 · end of year $6,136,081

  • 29 · Capital stock, trust principal or current funds

    beginning of year $6,325,840 · end of year $6,325,840

  • 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 $1,276,474 · end of year $1,337,580

Mission and programs · 2023

Mission

To provide funds for various charitable organizations.

Activities or mission (Part I)

To provide funding for various charitable organizations.

  • Distributions to Charities

    Expenses $169,737 · Grants $169,737

As filed on the 2023 return.

Listed in Part VII

  • National Bank Trust Department

    Trustee

    Total calculated
    $62,822
    From this org
    $0
    From related orgs
    $0
    Other
    $62,822
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
26 March 2024
IRS schema version
2023v5.0
Source object
202440869349300219

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