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← RALPH W & GRACE M SHOWALTER RESEARCH TRUST FUND

Form 990 for tax year 2022

Filed by RALPH W & GRACE M SHOWALTER RESEARCH TRUST FUND.

Totals

Total revenue
$2,765,636
Total expenses
$2,234,369
Contributions and grants received
$0
Grants paid
$1,892,739
Program service revenue
$0
Investment income
$2,765,636
Other revenue
$0
Total assets, end of year
$45,259,081
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$45,259,081
Program services expenses (Part IX)
$2,018,115
Management and general expenses
$216,254
Fundraising expenses
$0
Program service expenses (Part III)
$2,018,115

Program services were 90.3% 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 $1,183,013 · excluded $1,183,013

  • 7a · Gross sales of assets other than inventory

    securities $8,784,836

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

    securities $7,202,213

  • 7c · Gain or loss

    securities $1,582,623

  • 7d · Net gain or loss

    total $1,582,623 · excluded $1,582,623

  • 11a · Other revenue: OTHER INCOME

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,892,739 · program services $1,892,739

  • 5 · Compensation of officers, directors and key employees

    total $253,047 · program services $75,376 · management and general $177,671

  • 11g · Fees: other

    total $50,000 · program services $50,000

  • 24a · Other expenses: FOREIGN TAXES

    total $1,475 · management and general $1,475

  • 24b · Other expenses: FOREIGN TAXES ON Q DIVS

    total $35,934 · management and general $35,934

  • 24c · Other expenses: FOREIGN TAXES ON NQ DIVS

    total $1,174 · management and general $1,174

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,140 · end of year $15,071

  • 2 · Savings and temporary cash investments

    beginning of year $421,458 · end of year $240,159

  • 11 · Investments: publicly traded securities

    beginning of year $44,294,152 · end of year $45,003,851

  • 29 · Capital stock, trust principal or current funds

    beginning of year $44,723,750 · end of year $45,259,081

Mission and programs · 2022

Mission

TO PROVIDE FOR MEDICAL AND SCIENTIFIC RESEARCH AT INDIANA AND PURDUE UNIVERSITY

  • PROVIDE PROGRAM SUPPORT FOR INDIANA UNIVERSITY SCHOOL OF MEDICINE, 1120 SOUTH DRIVE SUITE 302, INDIANAPOLIS, IN 46202

    Expenses $1,010,427 · Grants $947,739

  • PROVIDE PROGRAM SUPPORT FOR PURDUE UNIVERSITY, 610 PURDUE MALL HOVDE HALL, WEST LAFAYETTE, IN 47907-2040

    Expenses $1,007,688 · Grants $945,000

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

Listed in Part VII

  • Jp Morgan Chase Bank Na

    TRUSTEE

    Total calculated
    $75,376
    From this org
    $75,376
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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

  • INDIANA UNIVERSITY SCHOOL OF MEDICINE

    $947,739

    PROGRAM SUPPORT

  • PURDUE UNIVERSITY

    $945,000

    PROGRAM SUPPORT

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.

  • INDIANA SCHOOL OF MEDICINE

    501(C)(3) · EDUCATION · IN

    Directly controlled by NA

  • PURDUE UNIVERSITY

    501(C)(3) · EDUCATION · IN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
23 February 2024
IRS schema version
2022v5.0
Source object
202400659349301310

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