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Nonprofiteer
← JOHN HOUSTON WEAR JR FOUNDATION

Form 990 for tax year 2022

Filed by JOHN HOUSTON WEAR JR FOUNDATION.

Totals

Total revenue
$47,454
Total expenses
$90,033
Contributions and grants received
$0
Grants paid
$74,249
Program service revenue
$0
Investment income
$47,454
Other revenue
$0
Total assets, end of year
$1,361,900
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,361,900
Program services expenses (Part IX)
$87,952
Management and general expenses
$2,081
Fundraising expenses
$0
Program service expenses (Part III)
$87,952

Program services were 97.7% 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 $27,144 · excluded $27,144

  • 7a · Gross sales of assets other than inventory

    securities $24,154 · other assets $16,530

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

    securities $20,374

  • 7c · Gain or loss

    securities $3,780 · other assets $16,530

  • 7d · Net gain or loss

    total $20,310 · excluded $20,310

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $74,249 · program services $74,249

  • 5 · Compensation of officers, directors and key employees

    total $13,703 · program services $13,703

  • 11b · Fees: legal

    total $1,066 · management and general $1,066

  • 11c · Fees: accounting

    total $1,015 · management and general $1,015

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,118 · end of year $17,759

  • 11 · Investments: publicly traded securities

    beginning of year $1,360,361 · end of year $1,344,141

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,404,479 · end of year $1,361,900

Mission and programs · 2022

Mission

THE FOUNDATION IS A SUPPORTING ORGANIZATION AS DEFINED IN INTERNAL REVENUE CODE 509(A)(3) AND SUPPORTS THREE 501 (C)(3) EDUCATIONAL ORGANIZATIONS.

  • THE FOUNDATION IS A SUPPORTING ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE 509 (A)(3). ITS ORGANIZATIONAL DOCUMENT LIMITS ITS PURPOSES TO SUPPORTING THE FOLLOWING THREE ORGANIZATIONS:MILLSAPS COLLEGE,REFORMED THEOLOGICAL SEMINARY AND UNIVERSITY OF MISSISSIPPI MEDICAL CENTER. GRANTS ARE DISBURSED TO THESE ORGANIZATIONS ANNUALLY TO PROVIDE SCHOLARSHIPS.

    Expenses $87,952 · Grants $74,249

As filed on the 2022 return.

Listed in Part VII

  • Whitney Emrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Jessica Short

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Sherry Russum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Phillip Blaylock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kidada Rice-Larry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 40 related

  • Regions Bank Trustee

    TRUSTEE

    Total calculated
    $13,703
    From this org
    $13,703
    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

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
9 November 2023
IRS schema version
2022v5.0
Source object
202303169349300025

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