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Nonprofiteer
← HENRY PARSONS TRUST

Form 990 for tax year 2024

Filed by HENRY PARSONS TRUST.

Totals

Total revenue
$3,514
Total expenses
$31,314
Contributions and grants received
$0
Grants paid
$17,100
Program service revenue
$0
Investment income
$3,514
Other revenue
$0
Total assets, end of year
$824,938
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$824,938
Program services expenses (Part IX)
$17,100
Management and general expenses
$14,214
Fundraising expenses
$0
Program service expenses (Part III)
$17,100

Program services were 54.6% 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 $17,504 · excluded $17,504

  • 7a · Gross sales of assets other than inventory

    securities $116,096

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

    securities $130,086

  • 7c · Gain or loss

    securities -$13,990

  • 7d · Net gain or loss

    total -$13,990 · related or exempt -$13,990

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,100 · program services $17,100

  • 11c · Fees: accounting

    total $1,385 · management and general $1,385

  • 11f · Fees: investment management

    total $12,486 · management and general $12,486

  • 24a · Other expenses: FOREIGN TAX

    total $343 · management and general $343

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $34,511 · end of year $62,284

  • 11 · Investments: publicly traded securities

    beginning of year $818,226 · end of year $762,654

  • 31 · Retained earnings, endowment or other funds

    beginning of year $852,738 · end of year $824,938

Mission and programs · 2024

Mission

THE TRUST IS TO PAY ALL NET INCOME AT LEAST QUARTERLY TO SUPPORT THE SALARY OF A NURSE FOR KENNEBUNK, ME. THE NURSE IS EMPLOYED BY THE SUPPORTED ORGANIZATION.

  • ALL NET INCOME EARNED BY THE TRUST'S ASSETS IS PAID AT LEAST QUARTERLY TO MAINEHEALTH CARE AT HOME WHICH IS THE TAX EXEMPT ORGANIZATION TO WHICH THE NET INCOME IS REQUIRED TO BE PAID UNDER THE TRUST'S ORGANIZATIONAL DOCUMENTS.

    Expenses $17,100 · Grants $17,100

As filed on the 2024 return.

Listed in Part VII

  • Charles Dwight

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Louise Spang

    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

Provenance

Return type
form_990
Tax year
2024
Filed
29 May 2025
IRS schema version
2024v5.0
Source object
202541679349301224

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