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Nonprofiteer
← MARK STEPHEN GALLO MEMORIAL FUND

Form 990 for tax year 2022

Filed by MARK STEPHEN GALLO MEMORIAL FUND.

Totals

Total revenue
$53,663
Total expenses
$32,832
Contributions and grants received
$0
Grants paid
$21,000
Program service revenue
$0
Investment income
$53,663
Other revenue
$0
Total assets, end of year
$709,106
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$709,106
Program services expenses (Part IX)
$21,000
Management and general expenses
$11,832
Fundraising expenses
$0
Program service expenses (Part III)
$21,000

Program services were 64.0% 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 $7,988 · excluded $7,988

  • 7a · Gross sales of assets other than inventory

    securities $169,138

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

    securities $123,463

  • 7c · Gain or loss

    securities $45,675

  • 7d · Net gain or loss

    total $45,675 · excluded $45,675

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,000 · program services $21,000

  • 11c · Fees: accounting

    total $5,708 · management and general $5,708

  • 11f · Fees: investment management

    total $5,975 · management and general $5,975

  • 24a · Other expenses: FOREIGN TAX

    total $99 · management and general $99

  • 24b · Other expenses: LICENSES AND FEES

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131 · end of year $404

  • 2 · Savings and temporary cash investments

    beginning of year $23,842 · end of year $29,260

  • 11 · Investments: publicly traded securities

    beginning of year $664,302 · end of year $679,442

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $688,275 · end of year $709,106

Mission and programs · 2022

Mission

SUPPORT THE EDUCATIONAL PURPOSE OF THE CENTRAL CATHOLIC HIGH SCHOOL.

  • THE ENTIRE NET INCOME OF THE TRUST IS USED TO SUPPORT THE MAINTENANCE AND OPERATION OF CENTRAL CATHOLIC HIGH SCHOOL.

    Expenses $21,000 · Grants $21,000

As filed on the 2022 return.

Listed in Part VII

  • Bishop Myron Cotta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Frank C Damrell Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Robert E Lubeck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • James Coleman

    TRUSTEE UNTIL MAY 2023

    Total calculated
    $0
    Hours/week
    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

  • CENTRAL CATHOLIC HIGH SCHOOL

    $21,000

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202343209349303074

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