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← TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST

Form 990 for tax year 2023

Filed by TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST.

Totals

Total revenue
$1,490,971
Total expenses
$319,869
Contributions and grants received
$20,600
Grants paid
$105,342
Program service revenue
$1,176,531
Investment income
$293,840
Other revenue
$0
Total assets, end of year
$11,147,904
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,147,904
Program services expenses (Part IX)
$189,717
Management and general expenses
$130,152
Fundraising expenses
$0
Program service expenses (Part III)
$189,717

Program services were 59.3% 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.

  • 1f · All other contributions, gifts and grants

    $20,600

  • 2a · Program service revenue: MEMBERS DUES AND ASSES

    total $1,176,501 · related or exempt $1,176,501

  • 2b · Program service revenue: MISC OTHER

    total $30 · related or exempt $30

  • 3 · Investment income

    total $238,962 · excluded $238,962

  • 7a · Gross sales of assets other than inventory

    securities $924,948

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

    securities $870,070

  • 7c · Gain or loss

    securities $54,878

  • 7d · Net gain or loss

    total $54,878 · excluded $54,878

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,500 · program services $87,500

  • 3 · Grants to foreign organizations and individuals

    total $17,842 · program services $17,842

  • 11c · Fees: accounting

    total $8,776 · management and general $8,776

  • 11f · Fees: investment management

    total $53,849 · management and general $53,849

  • 13 · Office expenses

    total $1,129 · management and general $1,129

  • 24a · Other expenses: RESEARCH AND FUNDING FO

    total $84,375 · program services $84,375

  • 24b · Other expenses: ALLOCATION OF PERSONNEL

    total $66,398 · management and general $66,398

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,000 · end of year $250,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,747,458 · end of year $1,482,834

  • 4 · Accounts receivable

    beginning of year $136,345 · end of year $146,486

  • 11 · Investments: publicly traded securities

    beginning of year $6,888,273 · end of year $7,720,577

  • 15 · Other assets

    beginning of year $378,352 · end of year $1,548,007

  • 27 · Net assets without donor restrictions

    beginning of year $9,400,428 · end of year $11,147,904

Mission and programs · 2023

Mission

THE PRIMARY MISSION IS TO MEET THE GOAL OF REDUCING THE DEVASTATING IMPACT OF, AND ULTIMATELY FINDING A CURE FOR, THE RAVAGES OF THE DISEASE ASSOCIATED WITH EXPOSURE TO ASBESTOS.

Activities or mission (Part I)

TO PROMOTE AND FUND RESEARCH DESIGNED TO FIND A CURE, AND DEVELOP TREATMENTS, FOR MESOTHELIOMA AND OTHER ASBESTOS-RELATED DISEASES.

  • TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST IS A NON-PROFIT TRUST WHOSE MISSION IS TO PROTECT AND ENHANCE THE HEALTH AND WELL-BEING OF THEIR MEMBERSHIP.

    Expenses $189,717 · Grants $105,342 · Revenue $1,176,531

As filed on the 2023 return.

Listed in Part VII

  • Terrance Larkin

    TRUSTEE

    Total calculated
    $480,736
    From this org
    $0
    From related orgs
    $424,448
    Other
    $56,288
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $424,448 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,572 related
    Nontaxable benefits
    $0 + $33,716 related
    Filer's total
    $0 + $480,736 related

  • Robert Reap

    TRUSTEE

    Total calculated
    $412,589
    From this org
    $0
    From related orgs
    $365,204
    Other
    $47,385
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $365,204 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,572 related
    Nontaxable benefits
    $0 + $24,813 related
    Filer's total
    $0 + $412,589 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202411289349303116

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