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Nonprofiteer
← ROYAL ARCH MEDICAL RESEARCH FOUNDATION INC

Form 990 for tax year 2023

Filed by ROYAL ARCH MEDICAL RESEARCH FOUNDATION INC.

Totals

Total revenue
$38,308
Total expenses
$33,811
Contributions and grants received
$25,175
Grants paid
$25,000
Program service revenue
$0
Investment income
$13,133
Other revenue
$0
Total assets, end of year
$675,924
Total liabilities, end of year
$57,168
Net assets or fund balances, end of year
$618,756
Program services expenses (Part IX)
$25,000
Management and general expenses
$8,811
Fundraising expenses
$0
Program service expenses (Part III)
$25,000

Program services were 73.9% 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

    $25,175

  • 3 · Investment income

    total $20,366 · excluded $20,366

  • 7a · Gross sales of assets other than inventory

    securities $92,963

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

    securities $100,196

  • 7c · Gain or loss

    securities -$7,233

  • 7d · Net gain or loss

    total -$7,233 · excluded -$7,233

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 11f · Fees: investment management

    total $5,411 · management and general $5,411

  • 11g · Fees: other

    total $3,400 · management and general $3,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,644 · end of year $51,926

  • 11 · Investments: publicly traded securities

    beginning of year $606,013 · end of year $623,998

  • 25 · Other liabilities

    beginning of year $44,443 · end of year $57,168

  • 27 · Net assets without donor restrictions

    beginning of year $576,214 · end of year $618,756

Mission and programs · 2023

Mission

PROVIDE FINANCIAL ASSISTANCE TO SUPPORT MEDICAL RESEARCH

  • PROVIDE FINANCIAL ASSISTANCE TO SUPPORT MEDICAL STUDENT SCHOLARSHIPS AND MEDICAL RESEARCH GRANTS.

    Expenses $25,000 · Grants $25,000

As filed on the 2023 return.

Listed in Part VII

  • Vincent Libone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bruce Testut

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard J Kessler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James W Hemstrought Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeffrey M Williamson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Christopher L Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Stoy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gordon Whiting

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cyril Francis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Patterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles Roberts

    VICE PRESIENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Piers Vaughn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Singer

    GRAND TREASURER

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1 + 5 related

  • Michael Dunn

    GRAND SECRETARY

    Total calculated
    $2,500
    From this org
    $0
    From related orgs
    $2,500
    Other
    $0
    Hours/week
    1 + 5 related

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
2023
Filed
14 August 2024
IRS schema version
2023v5.1
Source object
202442329349300984

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