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← J SYLVESTER & WALTER LACY MULLEN MEMORIAL CHARITABLE TRUST B

Form 990 for tax year 2023

Filed by J SYLVESTER & WALTER LACY MULLEN MEMORIAL CHARITABLE TRUST B.

Totals

Total revenue
$1,201,600
Total expenses
$976,518
Contributions and grants received
$0
Grants paid
$910,321
Program service revenue
$0
Investment income
$625,661
Other revenue
$575,939
Total assets, end of year
$17,112,014
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,112,014
Program services expenses (Part IX)
$910,321
Management and general expenses
$66,197
Fundraising expenses
$0
Program service expenses (Part III)
$910,321

Program services were 93.2% 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 $463,590 · excluded $463,590

  • 5 · Royalties

    total $550,939 · excluded $550,939

  • 7a · Gross sales of assets other than inventory

    securities $770,000 · other assets $158,165

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

    securities $766,094

  • 7c · Gain or loss

    securities $3,906 · other assets $158,165

  • 7d · Net gain or loss

    total $162,071 · excluded $162,071

  • 11a · Other revenue: LEASE BONUS

    total $25,000 · excluded $25,000

  • 11e · Other revenue, total

    $25,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $910,321 · program services $910,321

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 11f · Fees: investment management

    total $46,392 · management and general $46,392

  • 24a · Other expenses: BOND PREMIUM TAX EXEMPT

    total $11,852 · management and general $11,852

  • 24b · Other expenses: BOND PREMIUM TAXABLE

    total $5,333 · management and general $5,333

  • 24c · Other expenses: PROPERTY TAX ON MINERALS

    total $1,662 · management and general $1,662

  • 24d · Other expenses: ACCRUED INTEREST PAID

    total $181 · management and general $181

  • 24e · All other expenses

    total $27 · management and general $27

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$1

  • 2 · Savings and temporary cash investments

    beginning of year $438,516 · end of year $736,143

  • 11 · Investments: publicly traded securities

    beginning of year $16,279,966 · end of year $16,168,580

  • 15 · Other assets

    beginning of year $207,291 · end of year $207,291

  • 27 · Net assets without donor restrictions

    end of year -$82

  • 28 · Net assets with donor restrictions

    beginning of year $16,925,772 · end of year $17,112,096

Mission and programs · 2023

Mission

HOLD, MANAGE, AND INVEST TRUST ASSETS FOR THE BENEFIT OF TEN 501C3 ORGANIZATIONS IDENTIFIED BY THE DONOR IN HIS WILL.

  • SUPPORTED TEN 501C3 ORGANIZATIONS NAMED IN THE DONOR'S TRUST AND WILL.

    Expenses $910,321 · Grants $910,321

As filed on the 2023 return.

Listed in Part VII

  • Citizens Bank & Trust

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
12 February 2024
IRS schema version
2023v4.0
Source object
202430539349301518

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

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