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Nonprofiteer
← LAKE MEMORIAL LIBRARY FUND

Form 990 for tax year 2024

Filed by LAKE MEMORIAL LIBRARY FUND.

Totals

Total revenue
$144,434
Total expenses
$31,853
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$143,889
Other revenue
$545
Total assets, end of year
$2,408,601
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,408,601
Program services expenses (Part IX)
$0
Management and general expenses
$31,853
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $91,783 · related or exempt $91,783

  • 7a · Gross sales of assets other than inventory

    securities $534,352

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

    securities $482,246

  • 7c · Gain or loss

    securities $52,106

  • 7d · Net gain or loss

    total $52,106 · related or exempt $52,106

  • 11a · Other revenue: MISCELLANEOUS

    total $545 · related or exempt $545

  • 11e · Other revenue, total

    $545

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $19,547 · management and general $19,547

  • 11b · Fees: legal

    total $2,478 · management and general $2,478

  • 11c · Fees: accounting

    total $9,620 · management and general $9,620

  • 11g · Fees: other

    total $208 · management and general $208

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $2,061,172 · end of year $2,095,773

  • 12 · Investments: other securities

    beginning of year $234,848 · end of year $312,828

  • 28 · Net assets with donor restrictions

    beginning of year $2,296,020 · end of year $2,408,601

Mission and programs · 2024

Mission

SUPPORT OF CITY OF JACKSON PUBLIC SCHOOL LIBRARIES

  • SUPPORT OF CITY OF JACKSON PUBLIC SCHOOL LIBRARIES

As filed on the 2024 return.

Listed in Part VII

  • Regions Bank

    TRUSTEE

    Total calculated
    $19,547
    From this org
    $0
    From related orgs
    $0
    Other
    $19,547
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202600159349302100

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