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Nonprofiteer
← LUESTHER T MERTZ LEGACY TR FOR THE PUBLIC THEATER

Form 990 for tax year 2022

Filed by LUESTHER T MERTZ LEGACY TR FOR THE PUBLIC THEATER.

Totals

Total revenue
$7,695
Total expenses
$8,528,354
Contributions and grants received
$0
Grants paid
$1,250,000
Program service revenue
$0
Investment income
$5,811
Other revenue
$1,884
Total assets, end of year
$23,449,910
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,449,910
Program services expenses (Part IX)
$1,250,000
Management and general expenses
$7,278,354
Fundraising expenses
$0
Program service expenses (Part III)
$1,250,000

Program services were 14.7% 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 $5,811 · excluded $5,811

  • 11a · Other revenue: REFUND NC UBI TAXES

    total $1,884 · excluded $1,884

  • 11e · Other revenue, total

    $1,884

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,250,000 · program services $1,250,000

  • 11c · Fees: accounting

    total $10,180 · management and general $10,180

  • 11g · Fees: other

    total $10,000 · management and general $10,000

  • 24a · Other expenses: LOSS - HOLDING IN LLC

    total $7,223,063 · management and general $7,223,063

  • 24b · Other expenses: STATE UNRELATED BUSINES

    total $28,432 · management and general $28,432

  • 24c · Other expenses: NET OTHER LLC HOLDING C

    total $5,929 · management and general $5,929

  • 24d · Other expenses: FILING FEES

    total $750 · management and general $750

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,170,069 · end of year $358,481

  • 12 · Investments: other securities

    beginning of year $30,824,609 · end of year $23,091,429

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,994,678 · end of year $23,449,910

Mission and programs · 2022

Mission

THE ORGANIZATION IS A DELAWARE CHARITABLE TRUST OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATION, THE PUBLIC THEATER, A NEW YORK NOT-FOR-PROFIT CORPORATION RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE.

Activities or mission (Part I)

THE ORGANIZATION IS A DELAWARE CHARITABLE TRUST OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATION, NEW YORK SHAKESPEARE FESTIVAL D/B/A THE PUBLIC THEATER, A NEW YORK NOT-FOR-PROFIT CORPORATION RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, SECTIONS 509(A) (1) AND 170(B)(1)(A)(VI) OF THE CODE.

  • CONTRIBUTIONS WERE PAID TO THE SUPPORTED ORGANIZATION NAMED IN THE TRUST'S GOVERNING INSTRUMENT.

    Expenses $1,250,000 · Grants $1,250,000

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

Listed in Part VII

  • Harold William Low

    TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • Teresa Tsai

    TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • First Republic Trust Co Of Delaware L

    TRUSTEES

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $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
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202302839349300820

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