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← ALICE LEALA PRICE CHARITABLE TRUST 43-01455

Form 990 for tax year 2022

Filed by ALICE LEALA PRICE CHARITABLE TRUST 43-01455.

Totals

Total revenue
$102,012
Total expenses
$175,499
Contributions and grants received
$0
Grants paid
$145,077
Program service revenue
$0
Investment income
$91,037
Other revenue
$10,975
Total assets, end of year
$2,063,135
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,063,135
Program services expenses (Part IX)
$160,688
Management and general expenses
$14,811
Fundraising expenses
$0
Program service expenses (Part III)
$145,078

Program services were 91.6% 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 $67,750 · excluded $67,750

  • 5 · Royalties

    total $10,975 · excluded $10,975

  • 7a · Gross sales of assets other than inventory

    securities $573,773

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

    securities $550,486

  • 7c · Gain or loss

    securities $23,287

  • 7d · Net gain or loss

    total $23,287 · related or exempt $23,287

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,077 · program services $145,077

  • 5 · Compensation of officers, directors and key employees

    total $27,251 · program services $13,626 · management and general $13,625

  • 11c · Fees: accounting

    total $1,350 · program services $675 · management and general $675

  • 24a · Other expenses: ROYALTY FEES

  • 24b · Other expenses: OTHER ROYALTY EXP

  • 24c · Other expenses: PRODUCTION TAXES

  • 24e · All other expenses

    total $1,821 · program services $1,310 · management and general $511

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204 · end of year $748

  • 2 · Savings and temporary cash investments

    beginning of year $102,298 · end of year $55,449

  • 11 · Investments: publicly traded securities

    beginning of year $2,034,120 · end of year $2,006,938

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,136,622 · end of year $2,063,135

Mission and programs · 2022

Mission

THE TRUST WAS CREATED TO BENEFIT THREE CHARITITES: HILLTOP HAVEN CHRISTIAN CARE CENTER, SOUTHWESTERN UNIVERSITY AND WARM SPRINGS REHABILITATION FOUNDATION. FOR PURPOSES OF FORM 990 THE ORGANIZATION WILL REFER TO THE FROST BANK THE TRUSTEE FOR THE ALICE KERR PRICE CHARITABLE TRUST.

  • HILLTOP HAVEN

    Expenses $48,360 · Grants $48,360

  • SOUTHWESTERN UNIVERSITY

    Expenses $48,360 · Grants $48,360

  • WARM SPRINGS FOUNDATION

    Expenses $48,358 · Grants $48,358

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Debbie Broems

    TRUSTEE

    Total calculated
    $27,251
    From this org
    $27,251
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 March 2024
IRS schema version
2022v5.0
Source object
202400739349301120

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