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Nonprofiteer
← HOLDEN PARKS TR

Form 990 for tax year 2022

Filed by HOLDEN PARKS TR.

Totals

Total revenue
-$32,477
Total expenses
$365,103
Contributions and grants received
$0
Grants paid
$316,249
Program service revenue
$0
Investment income
-$32,477
Other revenue
$0
Total assets, end of year
$6,036,329
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,036,329
Program services expenses (Part IX)
$316,249
Management and general expenses
$48,854
Fundraising expenses
$0
Program service expenses (Part III)
$316,249

Program services were 86.6% 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 $56,803 · excluded $56,803

  • 7a · Gross sales of assets other than inventory

    securities $336,711

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

    securities $425,991

  • 7c · Gain or loss

    securities -$89,280

  • 7d · Net gain or loss

    total -$89,280 · excluded -$89,280

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $316,249 · program services $316,249

  • 5 · Compensation of officers, directors and key employees

    total $47,604 · management and general $47,604

  • 11c · Fees: accounting

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

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $86,953 · end of year $179,859

  • 12 · Investments: other securities

    beginning of year $6,347,178 · end of year $5,856,470

  • 29 · Capital stock, trust principal or current funds

    beginning of year $6,434,131 · end of year $6,036,329

Mission and programs · 2022

Mission

GRANTS ARE MADE ACCORDING TO TRUST AGREEMENT DATED JANUARY 6, 1988 .KEYBANK AS TRUSTEE MAKES THE DISTRIBUTIONS TO UNIVERSITY CIRCLE, INC .IN SUPPORT OF THE CLEVELAND MUSEUM OF ART AND THE GARDEN CENTER OFGREATER CLEVELAND FOR PURPOSES OF IMPROVING, BEAUTIFYING AND ADORNINGTHE SURROUNDING PARKS. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACTOF 1999, THE BENEFICIARIES HAVE CHOSEN TO RECEIVE THE MAXIMUM OFINCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION.PLEASE NOTE THE CHARITY HAS THE RIGHT TO REMOVE THE TRUSTEE BY A MAJORITY VOTE OF THE DISTRIBUTION COMMITTEE.

  • GRANTS MADE IN SUPPORT OF THE CLEVELAND MUSEUM OF ART AND THE GARDENCENTER OF GREATER CLEVELAND FOR PURPOSES OF IMPROVING, BEAUTIFYING ORADORNING THE PARKS OF CLEVELAND, OHIO PAID TO UNIVERSITY CIRCLE, INC.

    Expenses $316,249 · Grants $316,249

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Keybank Na

    TRUSTEE

    Total calculated
    $47,604
    From this org
    $47,604
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Christopher Ronayne

    Chair, Distribution Committee

    Total calculated
    $0

  • Edward Bauer

    Distribution Committee

    Total calculated
    $0

  • Natalie Ronayne

    Distribution Committee

    Total calculated
    $0

  • Perrin Verzi

    Distribution Committee

    Total calculated
    $0

  • Mamie Mitchell

    Distribution Committee

    Total calculated
    $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

  • UNIVERSITY CIRCLE INC

    $316,249

    FOR PURPOSES OF IMPROVING, BEAUTIFYING, OR ADORNING WADE WADE PARK, ROCKEFELLER PARK OR GORDON PARK OF THE PARK SYSTEMS OF CLEVELAND, OHIO.

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
2022
Filed
25 April 2023
IRS schema version
2022v5.0
Source object
202311289349302736

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