Form 990 for tax year 2022
Filed by SUSIE & JUANITA STREID ESTATE TRUST.
Totals
- Total revenue
- $121,472
- Total expenses
- $87,836
- Contributions and grants received
- $0
- Grants paid
- $62,000
- Program service revenue
- $0
- Investment income
- $1,649
- Other revenue
- $119,823
- Total assets, end of year
- $1,089,762
- Total liabilities, end of year
- $10,858
- Net assets or fund balances, end of year
- $1,078,904
- Program services expenses (Part IX)
- $62,000
- Management and general expenses
- $25,836
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $62,000
Program services were 70.6% 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 $1,649 · related or exempt $1,649
-
6a · Gross rents
real property $227,287
-
6b · Less rental expenses
real property $107,464
-
6c · Rental income or loss
real property $119,823
-
6d · Net rental income or loss
total $119,823
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $62,000 · program services $62,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $18,262 · management and general $18,262
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,000 · management and general $5,000
-
11c · Fees: accounting
total $600 · management and general $600
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,959 · management and general $1,959
-
23 · Insurance
total $0
-
24a · Other expenses: Attorney General Filing Fee
total $15 · management and general $15
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $142,720 · end of year $89,420
-
2 · Savings and temporary cash investments
end of year $87,278
-
10a · Land, buildings and equipment: cost or other basis
$913,766
-
10b · Land, buildings and equipment: accumulated depreciation
$17,955
-
10c · Land, buildings and equipment, net
beginning of year $897,770 · end of year $895,811
-
15 · Other assets
beginning of year $17,296 · end of year $17,253
-
23 · Secured mortgages and notes payable
beginning of year $12,517 · end of year $10,858
-
29 · Capital stock, trust principal or current funds
beginning of year $1,045,269 · end of year $1,078,904
Mission and programs · 2022
Mission
This trust owns 3 farms that were left in trust, the profit from these farms provide income to a not for profit retirement home, a church and to provide scholarships. The trustee oversees the management of these farms to maximize income for the benefit of the beneficiaries.
Activities or mission (Part I)
This trust owns 3 farms that were left in trust, the profit from these farms provide income to a not for profit retirement home, a church and to provide scholarships.
-
Under Par. 7thA of the Last Will of Juanita R. Streid Par. 4thD of the Last Will of Susie Streid, the net income from 207 acres of farmland was to be paid to Meadows Mennonite Church, now Meadows Mennonite Retirement Community.
-
Under Par. 7thB of the Last Will of Juanita R. Streid Par. 4thE of the Last Will of Susie Streid, the net income from 115 acres of farmland was to be paid to Church of Christ Uniting.
Expenses $40,000
-
Under Par. 7thC of the Last Will of Juanita R. Streid Par. 4thF of the Last Will of Susie Streid, the net income from 115 acres of farmland was to be used for scholarships for students from Chenoa High School and Mennonite Biblical Seminary.
Expenses $22,000
As filed on the 2022 return.
Listed in Part VII
-
Heartland Bank & Trust Co
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
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
-
$40,000
Charitable
-
$20,000
Scholarships
-
Prairie Central Comm Unit #8
$2,000
Scholarships
-
Meadows Mennonite Retirement Community
no cash amount reported
Charitable
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341289349303824
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