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Nonprofiteer
← RUTH M HARKINS MCKEOWN TRUST UNDER WILL F/B/O SALEM COMMUNITY FOUNDAT

Form 990 for tax year 2024

Filed by RUTH M HARKINS MCKEOWN TRUST UNDER WILL F/B/O SALEM COMMUNITY FOUNDAT.

Totals

Total revenue
$2,145,632
Total expenses
$1,409,729
Contributions and grants received
$0
Grants paid
$1,212,159
Program service revenue
$0
Investment income
$2,142,116
Other revenue
$3,516
Total assets, end of year
$20,783,917
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$20,783,917
Program services expenses (Part IX)
$1,246,937
Management and general expenses
$162,792
Fundraising expenses
$0
Program service expenses (Part III)
$1,246,937

Program services were 88.5% 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 $704,730 · excluded $704,730

  • 7a · Gross sales of assets other than inventory

    securities $8,557,224

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

    securities $7,119,838

  • 7c · Gain or loss

    securities $1,437,386

  • 7d · Net gain or loss

    total $1,437,386 · excluded $1,437,386

  • 11d · All other revenue

    total $3,516 · excluded $3,516

  • 11e · Other revenue, total

    $3,516

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,212,159 · program services $1,212,159

  • 5 · Compensation of officers, directors and key employees

    total $172,891 · program services $34,578 · management and general $138,313

  • 11a · Fees: management

    total $9,454 · management and general $9,454

  • 24a · Other expenses: state filing fee

    total $200 · program services $200

  • 24b · Other expenses: foreign taxes paid

    total $12,776 · management and general $12,776

  • 24c · Other expenses: ADR service fees

    total $2,230 · management and general $2,230

  • 24d · Other expenses: class action filing fees

    total $19 · management and general $19

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,091,366 · end of year $1,057,998

  • 11 · Investments: publicly traded securities

    beginning of year $18,974,928 · end of year $19,725,919

  • 29 · Capital stock, trust principal or current funds

    end of year $20,783,917

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,066,294

Mission and programs · 2024

Mission

TO FUND CHARITABLE ACTIVITIES WITHIN THE CITY OF SALEM, OHIO

  • ALL CONTRIBUTIONS ARE MADE TO THE SALEM COMMUNITY FOUNDATION 713 EAST STATE STREET, SALEM, OHIO. THE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE IN THE SALEM COMMUNITY.

    Expenses $1,246,937 · Grants $1,212,159

As filed on the 2024 return.

Listed in Part VII

  • Pnc Bank N A

    TRUSTEE

    Total calculated
    $172,891
    From this org
    $172,891
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

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

  • SALEM COMMUNITY FOUNDATION

    $1,212,159

    GENERAL SUPPORT

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
2024
Filed
25 April 2025
IRS schema version
2024v5.1
Source object
202541229349300524

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