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Nonprofiteer
← REMNANT TRUST INC

Form 990 for tax year 2022

Filed by REMNANT TRUST INC.

Totals

Total revenue
$1,088,352
Total expenses
$122,783
Contributions and grants received
$1,082,845
Grants paid
$0
Program service revenue
$0
Investment income
$5,507
Other revenue
$0
Total assets, end of year
$24,867,177
Total liabilities, end of year
$185,683
Net assets or fund balances, end of year
$24,681,494
Program services expenses (Part IX)
$93,709
Management and general expenses
$14,711
Fundraising expenses
$14,363
Program service expenses (Part III)
$93,709

Program services were 76.3% 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

    $1,082,845

  • 3 · Investment income

    total $5,507 · excluded $5,507

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,437 · program services $3,219 · management and general $3,218

  • 9 · Other employee benefits

    total $3,994 · program services $1,997 · management and general $1,997

  • 10 · Payroll taxes

    total $789 · program services $395 · management and general $394

  • 11e · Fees: professional fundraising services

    total $14,363 · fundraising $14,363

  • 11f · Fees: investment management

    total $888 · management and general $888

  • 11g · Fees: other

    total $14,700 · program services $14,700

  • 12 · Advertising and promotion

    total $8,172 · program services $8,172

  • 13 · Office expenses

    total $6,225 · program services $3,113 · management and general $3,112

  • 14 · Information technology

    total $7,220 · program services $7,220

  • 17 · Travel

    total $39,463 · program services $39,463

  • 20 · Interest

    total $4,453 · management and general $4,453

  • 23 · Insurance

    total $1,700 · program services $1,700

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $9,263 · program services $9,263

  • 24b · Other expenses: VIDEO & PHOTO PRODUCTIO

    total $4,331 · program services $4,331

  • 24c · Other expenses: BANK FEES

    total $649 · management and general $649

  • 24d · Other expenses: RESEARCH MATERIALS

    total $107 · program services $107

  • 24e · All other expenses

    total $29 · program services $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,161 · end of year $1,109,887

  • 2 · Savings and temporary cash investments

    beginning of year $500,300 · end of year $453,261

  • 4 · Accounts receivable

    end of year $19,731

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,300 · end of year $2,308

  • 13 · Investments: program-related

    beginning of year $23,281,990 · end of year $23,281,990

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,966 · end of year $21,960

  • 23 · Secured mortgages and notes payable

    beginning of year $193,723 · end of year $163,723

  • 27 · Net assets without donor restrictions

    beginning of year $23,212,265 · end of year $23,173,362

  • 28 · Net assets with donor restrictions

    beginning of year $518,797 · end of year $1,508,132

Mission and programs · 2022

Mission

THE MISSION OF THE REMNANT TRUST IS TO ELEVATE EDUCATIONAL STANDARDS & THE PUBLIC'S UNDERSTANDING OF INDIVIDUAL LIBERTY & HUMAN DIGNITY THROUGH THE PRECEDENT SETTING, HANDS ON AVAILABILITY OF THE WORLD'S GREAT IDEAS IN ORIGINAL FORM TO RAISE CONSCIOUSNESS OF THE MOST SIGNIFICANT DOCUMENTS THAT HAVE SHAPED AMERICA: THE GREAT EXPERIMENT TO RAISE THE SPIRITS OF EACH GENERATION TO THINK THE GRANDEST THOUGHTS & BE GUIDED BY THE MOST PROFOUND IDEALISM, IMPLEMENTING EMERSON'S THESIS ON MAN THINKING TO PROVIDE, THROUGH SHARING, THOSE WORKS MOVING GOETHE'S VISION INTO REALITY: TO THINK IS EASY, TO ACT IS HARD, BUT THE HARDEST THING IN THE WORLD IS TO ACT IN ACCORDANCE WITH ONE'S THINKING TO BE THE WORLD'S FINEST REPOSITORY OF THE GREAT IDEAS THAT HAVE PROPELLED MAN THROUGH THE CENTURIES FROM THE EARTH TO THE STARS TO BE FREE, TO THINK, SPEAK & ACT IN KEEPING WITH THE GREATEST OF ENDURING ASSETS: REASON, WITH JUSTICE FOR ALL GREAT IDEAS BELONG TO EVERYONE.

Activities or mission (Part I)

PRESERVATION OF HISTORICALLY SIGNIFICANT COLLECTIONS, BOOKS, MANUSCRIPTS AND OTHER ANTIQUITIES.

  • DISPLAY OF COLLECTIONS, BOOKS, AND OTHER ANTIQUITIES IN INDIANAPOLIS, IN. LOAN OF COLLECTIONS, BOOKS, MANUSCRIPTS AND OTHER ANTIQUITIES TO UNIVERSITIES AND EDUCATIONAL INSTITUTES FOR DISPLAY. MAKING AVAILABLE THE COLLECTIONS, BOOKS, MANUSCRIPTS AND OTHER ANTIQUITIES FOR SCHOLARLY RESEARCH AND STUDY.

    Expenses $93,709

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Talley

    CHAIRMAN & CEO

    Total calculated
    $0
    Hours/week
    4
  • Sean Delauter

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Julia Hetherington

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Robert J Hardy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John McGoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Reid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rick Rechter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Michael Sonksen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • David Roland

    DIRECTOR

    Total calculated
    $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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349308592

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