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← GUST K NEWBERG CHRITABLE TRUST

Form 990 for tax year 2024

Filed by GUST K NEWBERG CHRITABLE TRUST.

Totals

Total revenue
$2,225,867
Total expenses
$752,858
Contributions and grants received
$0
Grants paid
$527,280
Program service revenue
$0
Investment income
$2,225,867
Other revenue
$0
Total assets, end of year
$27,874,905
Total liabilities, end of year
$122,426
Net assets or fund balances, end of year
$27,752,479
Program services expenses (Part IX)
$527,280
Management and general expenses
$225,578
Fundraising expenses
$0
Program service expenses (Part III)
$527,280

Program services were 70.0% 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 $752,468 · related or exempt $752,468

  • 7a · Gross sales of assets other than inventory

    securities $2,756,774 · other assets $390

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

    securities $1,283,765

  • 7c · Gain or loss

    securities $1,473,009 · other assets $390

  • 7d · Net gain or loss

    total $1,473,399 · related or exempt $1,473,399

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $527,280 · program services $527,280

  • 7 · Other salaries and wages

    total $110,730 · management and general $110,730

  • 11c · Fees: accounting

    total $11,857 · management and general $11,857

  • 11f · Fees: investment management

    total $83,248 · management and general $83,248

  • 11g · Fees: other

    total $19,743 · management and general $19,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $390,626 · end of year $293,388

  • 11 · Investments: publicly traded securities

    beginning of year $25,915,698 · end of year $27,581,517

  • 18 · Grants payable

    beginning of year $118,653 · end of year $122,426

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,187,672 · end of year $27,752,479

Mission and programs · 2024

Mission

TO INVEST AND REINVEST TRUST ASSETS AND DISTRIBUTE 100% OF THE NET INCOME QUARTERLY(AS DEFINED IN THE TRUST DOCUMENT) TO THE TRUST'S BENEFICIARIES (LISTED IN THE TRUST DOCUMENT). BENEFICIARIES AND AMOUNT DISTRIBUTED FOR THE YEAR ARE LISTED IN SCHEDULE I

  • SEE SCHEDULE I ATTACHED FOR ALL GRANTS TO DOCUMENTED NAMED BENEFICIARIES

    Expenses $527,280 · Grants $527,280

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen A Kuhn

    TRUSTEE

    Total calculated
    $36,910
    From this org
    $36,910
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Michael White

    TRUSTEE

    Total calculated
    $36,910
    From this org
    $36,910
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John G Byrnes

    TRUSTEE

    Total calculated
    $36,910
    From this org
    $36,910
    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

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202533189349310988

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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