Skip to content
Nonprofiteer
← KIMBERLY TETER PRVT BANK EST TR

Form 990 for tax year 2024

Filed by KIMBERLY TETER PRVT BANK EST TR.

Totals

Total revenue
$438,166,137
Total expenses
$0
Contributions and grants received
$14,806,212
Grants paid
$0
Program service revenue
$16,619,999
Investment income
$406,739,926
Other revenue
$0
Total assets, end of year
$353,080,500
Total liabilities, end of year
$353,080,500
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$10,000

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.

  • 1a · Federated campaigns

    $12,920,000

  • 1b · Membership dues

    $500

  • 1e · Government grants (contributions)

    $936,513

  • 1f · All other contributions, gifts and grants

    $949,199

  • 2a · Program service revenue: ROYAL MAIL SHIP

    total $16,619,999 · related or exempt $3,699,999 · excluded $12,920,000

  • 3 · Investment income

    total $106,739,926 · related or exempt $53,369,963 · excluded $53,369,963

  • 4 · Income from investment of tax-exempt bond proceeds

    total $300,000,000 · related or exempt $150,000,000 · excluded $150,000,000

  • 7a · Gross sales of assets other than inventory

    securities $150,000,000

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

    securities $150,000,000

  • 7d · Net gain or loss

    related or exempt -$150,000,000 · excluded -$150,000,000

  • 8c · Net income from fundraising events

    total $0

Balance sheet

Part X, book values.

  • 14 · Intangible assets

    beginning of year $353,080,500 · end of year $353,080,500

  • 25 · Other liabilities

    beginning of year $353,080,500 · end of year $353,080,500

Mission and programs · 2024

Mission

IN GOD WE TRUST WELCOME TO THE REPUBLIC

Activities or mission (Part I)

ROYAL MAIL SHIP RESCUING VESSELS IN DISTRESS

  • ROYAL MAIL SHIP

    Expenses $10,000 · Revenue $10,000

As filed on the 2024 return.

Listed in Part VII

  • Kimberly Teter

    CFO

    Total calculated
    $15,250,000
    From this org
    $15,250,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $15,000,000
    Bonus
    $250,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $15,250,000

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
21 February 2025
IRS schema version
2024v5.0
Source object
202540529349302014

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.