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← DESCENDANTS TRUTH AND RECONCILIATION TRUST

Form 990 for tax year 2023

Filed by DESCENDANTS TRUTH AND RECONCILIATION TRUST.

Totals

Total revenue
$11,186,143
Total expenses
$1,726,516
Contributions and grants received
$11,021,407
Grants paid
$1,582,832
Program service revenue
$0
Investment income
$164,736
Other revenue
$0
Total assets, end of year
$25,153,097
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,153,097
Program services expenses (Part IX)
$1,624,001
Management and general expenses
$102,515
Fundraising expenses
$0
Program service expenses (Part III)
$1,624,001

Program services were 94.1% 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.

  • 1f · All other contributions, gifts and grants

    $11,021,407

  • 3 · Investment income

    total $582,274 · excluded $582,274

  • 7a · Gross sales of assets other than inventory

    securities $7,022,453

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

    securities $7,439,991

  • 7c · Gain or loss

    securities -$417,538

  • 7d · Net gain or loss

    total -$417,538 · excluded -$417,538

  • 11a · Other revenue: FEE ADJUSTMENT

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,582,832 · program services $1,582,832

  • 5 · Compensation of officers, directors and key employees

    total $128,657 · program services $41,169 · management and general $87,488

  • 24a · Other expenses: FOREIGN TAXES

    total $15,027 · management and general $15,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $508,253 · end of year $172,854

  • 2 · Savings and temporary cash investments

    beginning of year $533,178 · end of year $213,196

  • 11 · Investments: publicly traded securities

    beginning of year $14,663,162 · end of year $24,767,047

  • 29 · Capital stock, trust principal or current funds

    beginning of year $15,704,592 · end of year $25,153,097

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1

Mission and programs · 2023

Mission

See Attachment.

  • See Attachment.

    Expenses $1,624,001 · Grants $1,582,832

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • FR TIMOTHY P KESICKI S J

    TRUSTEE

    Total calculated
    $0
    Hours/week
    45 + 3 related

  • JOSEPH FERRARA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • RICHARD M TSOUMAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • ALDEN J MCDONALD JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • ERNEST EMERSON JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • MONIQUE T MADDOX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 35 related

  • JP MORGAN CHASE BANK NA

    TRUSTEE

    Total calculated
    $128,657
    From this org
    $128,657
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349307428

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