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← CHARLOTTE ANN RUSSELL CHARITABLE TRUST

Form 990 for tax year 2023

Filed by CHARLOTTE ANN RUSSELL CHARITABLE TRUST.

Totals

Total revenue
$778,400
Total expenses
$756,680
Contributions and grants received
$0
Grants paid
$700,000
Program service revenue
$0
Investment income
$102,459
Other revenue
$675,941
Total assets, end of year
$12,212,357
Total liabilities, end of year
$700,000
Net assets or fund balances, end of year
$11,512,357
Program services expenses (Part IX)
$700,000
Management and general expenses
$56,680
Fundraising expenses
$0
Program service expenses (Part III)
$700,000

Program services were 92.5% 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 $81,784 · related or exempt $81,784

  • 7a · Gross sales of assets other than inventory

    securities $1,101,489

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

    securities $1,080,814

  • 7c · Gain or loss

    securities $20,675

  • 7d · Net gain or loss

    total $20,675 · related or exempt $20,675

  • 11a · Other revenue: NET FARM PROFIT

    total $675,842 · related or exempt $675,842

  • 11b · Other revenue: MISCELLANEOUS

    total $99 · related or exempt $99

  • 11e · Other revenue, total

    $675,941

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $700,000 · program services $700,000

  • 11a · Fees: management

    total $21,250 · management and general $21,250

  • 11b · Fees: legal

    total $6,691 · management and general $6,691

  • 11c · Fees: accounting

    total $4,900 · management and general $4,900

  • 11f · Fees: investment management

    total $20,546 · management and general $20,546

  • 13 · Office expenses

    total $3,293 · management and general $3,293

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,235 · end of year $9,235

  • 2 · Savings and temporary cash investments

    beginning of year $323,718 · end of year $250,689

  • 10a · Land, buildings and equipment: cost or other basis

    $9,217,613

  • 10c · Land, buildings and equipment, net

    beginning of year $9,217,613 · end of year $9,217,613

  • 11 · Investments: publicly traded securities

    beginning of year $2,569,989 · end of year $2,734,820

  • 18 · Grants payable

    beginning of year $716,000 · end of year $700,000

  • 27 · Net assets without donor restrictions

    beginning of year $135,467 · end of year $136,512

  • 28 · Net assets with donor restrictions

    beginning of year $11,269,088 · end of year $11,375,845

Mission and programs · 2023

Mission

TO SUPPORT VARIOUS ORGANIZATIONS AS SET FORTH IN THE TRUST AGREEMENT

  • GRANTS TO LOCAL ORGANIZATIONS.

    Expenses $700,000 · Grants $700,000

As filed on the 2023 return.

Listed in Part VII

  • Emily Brown

    TRUSTEE

    Total calculated
    $0

  • Russ Hiatt

    TRUSTEE

    Total calculated
    $0

  • William Nelson

    TRUSTEE

    Total calculated
    $0

  • Jim Root

    TRUSTEE

    Total calculated
    $0

  • Phillip Trego

    TRUSTEE

    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

  • CARLE HOOPESTON REGIONAL HEALTH CEN

    $245,320

  • HOOPESTON AREA SCHOOLS

    $245,320

  • HOOPESTON PUBLIC LIBRARY

    $125,160

  • SMITH COLLEGE

    $25,300

  • UNIVERSITY OF ILLINOIS

    $20,300

  • PURDUE UNIVERSITY

    $20,300

  • LAKEVIEW COLLEGE OF NURSING

    $18,300

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2024
IRS schema version
2023v5.0
Source object
202442049349301319

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