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Nonprofiteer
← JOHN R VANDERLIP TR U/A 1062 NECT

Form 990 for tax year 2022

Filed by JOHN R VANDERLIP TR U/A 1062 NECT.

Totals

Total revenue
$82,212
Total expenses
$122,575
Contributions and grants received
$0
Grants paid
$100,732
Program service revenue
$0
Investment income
$82,092
Other revenue
$120
Total assets, end of year
$2,847,291
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,847,291
Program services expenses (Part IX)
$108,878
Management and general expenses
$13,697
Fundraising expenses
$0
Program service expenses (Part III)
$108,878

Program services were 88.8% 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 $81,565 · excluded $81,565

  • 7a · Gross sales of assets other than inventory

    securities $527

  • 7c · Gain or loss

    securities $527

  • 7d · Net gain or loss

    total $527 · excluded $527

  • 11a · Other revenue: OTHER INCOME

    total $120 · excluded $120

  • 11e · Other revenue, total

    $120

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,732 · program services $100,732

  • 5 · Compensation of officers, directors and key employees

    total $14,276 · program services $1,428 · management and general $12,848

  • 11b · Fees: legal

    total $5,943 · program services $5,943

  • 11c · Fees: accounting

    total $750 · program services $750

  • 11g · Fees: other

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

  • 24a · Other expenses: STATE FILING FEE

    total $25 · program services $25

  • 24b · Other expenses: FOREIGN TAXES PAID

    total $849 · management and general $849

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $183,963 · end of year $59,343

  • 4 · Accounts receivable

    beginning of year $10,219 · end of year $10,472

  • 11 · Investments: publicly traded securities

    beginning of year $2,693,475 · end of year $2,777,476

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,887,657 · end of year $2,847,291

Mission and programs · 2022

Mission

TO PROVIDE FIXED AND REGULAR INCOME TO THE MINNEAPOLIS INSTITUTE OF ARTS AND THE MINNEAPOLIS COLLEGE OF ART & DESIGN.

  • FUNDING SUPPORT FOR THE MINNEAPOLIS INSTITUTE OF ARTS

    Expenses $54,439 · Grants $50,366

  • FUNDING SUPPORT FOR THE MINNEAPOLIS COLLEGE OF ART & DESIGN

    Expenses $54,439 · Grants $50,366

As filed on the 2022 return.

Listed in Part VII

  • Us Bank National Association

    TRUSTEE

    Total calculated
    $14,276
    From this org
    $14,276
    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
24 April 2023
IRS schema version
2022v5.0
Source object
202311289349303451

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