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Nonprofiteer
← EUGENE L GARCIA CHARITABLE TRUST

Form 990 for tax year 2024

Filed by EUGENE L GARCIA CHARITABLE TRUST.

Totals

Total revenue
$592,939
Total expenses
$507,549
Contributions and grants received
$0
Grants paid
$394,612
Program service revenue
$0
Investment income
$592,939
Other revenue
$0
Total assets, end of year
$9,511,745
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,511,745
Program services expenses (Part IX)
$421,361
Management and general expenses
$86,188
Fundraising expenses
$0
Program service expenses (Part III)
$421,361

Program services were 83.0% 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 $318,077 · excluded $318,077

  • 7a · Gross sales of assets other than inventory

    securities $1,320,190

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

    securities $1,045,328

  • 7c · Gain or loss

    securities $274,862

  • 7d · Net gain or loss

    total $274,862 · excluded $274,862

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $394,612 · program services $394,612

  • 5 · Compensation of officers, directors and key employees

    total $100,095 · program services $25,024 · management and general $75,071

  • 11a · Fees: management

    total $0 · management and general $0

  • 11c · Fees: accounting

    total $1,725 · program services $1,725

  • 11f · Fees: investment management

    total $5,227 · management and general $5,227

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0

  • 24a · Other expenses: ADR FEES

    total $259 · management and general $259

  • 24b · Other expenses: FOREIGN TAX PAID

    total $5,611 · management and general $5,611

  • 24c · Other expenses: INVESTMENT EXPENSE-INTEREST

    total $20 · management and general $20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,271 · end of year $1,747

  • 2 · Savings and temporary cash investments

    beginning of year $862,217 · end of year $797,319

  • 11 · Investments: publicly traded securities

    beginning of year $8,560,412 · end of year $8,712,679

  • 29 · Capital stock, trust principal or current funds

    beginning of year $9,423,900 · end of year $9,511,745

Mission and programs · 2024

Mission

TO PROVIDE FINANCIAL SUPPORT FOR NEW MEXICO ORGANIZATIONS AS DESIGNATED

  • TO PROVIDE FINANCIAL SUPPORT FOR NEW MEXICO ORGANIZATIONS AS DESIGNATED

    Expenses $421,361 · Grants $394,612

As filed on the 2024 return.

Listed in Part VII

  • Wells Fargo Bank Na

    TRUSTEE

    Total calculated
    $100,095
    From this org
    $100,095
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • University Of New Mexico Fdn

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • New Mexico Zoological Society

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • St Joseph Community Health

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Presbyterian Healthcare Fdn

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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

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
2024
Filed
1 May 2025
IRS schema version
2024v5.1
Source object
202501299349302365

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