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Nonprofiteer
← DENNIS A UPSON 238700

Form 990 for tax year 2023

Filed by DENNIS A UPSON 238700.

Totals

Total revenue
$829,468
Total expenses
$713,830
Contributions and grants received
$0
Grants paid
$626,647
Program service revenue
$0
Investment income
$786,630
Other revenue
$42,838
Total assets, end of year
$13,540,385
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$13,540,385
Program services expenses (Part IX)
$626,647
Management and general expenses
$87,183
Fundraising expenses
$0
Program service expenses (Part III)
$626,647

Program services were 87.8% 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 $140,364 · excluded $140,364

  • 7a · Gross sales of assets other than inventory

    securities $1,129,048

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

    securities $482,782

  • 7c · Gain or loss

    securities $646,266

  • 7d · Net gain or loss

    total $646,266 · excluded $646,266

  • 11d · All other revenue

    total $42,838 · unrelated business $12,327 · excluded $30,511

  • 11e · Other revenue, total

    $42,838

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $626,647 · program services $626,647

  • 5 · Compensation of officers, directors and key employees

    total $86,083 · management and general $86,083

  • 11c · Fees: accounting

    total $1,100 · management and general $1,100

  • 24a · Other expenses: IRS PRIVATE LETTER RULING APPLICAT

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $178,953 · end of year $190,787

  • 12 · Investments: other securities

    beginning of year $13,284,979 · end of year $13,349,598

  • 29 · Capital stock, trust principal or current funds

    beginning of year $13,463,932 · end of year $13,540,385

Mission and programs · 2023

Mission

GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATED OCTOBER 14 ,1949. KEYBANK, AS TRUSTEE MAKES DISTRIBUTIONS AS FOLLOWS: 90% OF NETINCOME SHALL BE PAID IN QUARTERLY INSTALLMENTS IN EQUAL AMOUNTS TO THE ASSOCIATED CHARITIES, UNIVERSITY HOSPITALS, ST. VINCENT CHARITY HOSPITAL, CLEVELAND CLINIC - S T JONES HEALTH CENTER, CENTER FOR FAMILIES AND CHILDREN, CLEVELAND FOUNDATION AND ST. ALEXIS' HOSPITAL, ALL OF CLEVELAND, OHIO TO BE DEVOTED TO SUCH USES AND PURPOSES AS THEIR RESPECTIVE BOARDS OF TRUSTEES OR OTHER OFFICERS HAVING CHARGE OF THEIR FINANCIAL AFFAIRS MAY DEEM WISE. IF ANY OF SAID SIX LAST NAMED BENEFICIARIES SHALL AT ANY TIME BE SUCCEEDED BY OR MERGED WITH ANOTHER ORGANIZATION SITUATED IN CLEVELAND, OHIO. OR VINCINITY, SUCH SUCCESSOR ORGANIZATION OR OTHER ORGANIZATION CREATED BY MERGER SHALLSTAND IN PLACE OF AND TAKE THE SHARE OF THE INCOME OF THE TRUST ESTATE HEREIN PROVIDED FOR SUCH SUCCEEDED OR MERGED BENEFICIARY; BUT IF ANYOF SAID SIX BENEFICIARIES SHALL CEASE TO FUNCTION

  • GRANTS MADE TO CLEVELAND CLINIC-ST JONES HEALTH CENTER FOR GENERAL PURPOSES AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS

    Expenses $104,441 · Grants $104,441

  • GRANTS PAID TO CENTER FOR FAMILIES AND CHILDREN FOR GENERAL PURPOSES AS DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES.

    Expenses $104,441 · Grants $104,441

  • GRANTS MADE TO UNIVERSITY HOSPITAL FOR GENERAL PURPOSES AS DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES.

    Expenses $104,441 · Grants $104,441

  • Expenses $313,324 · Grants $313,324

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

Listed in Part VII

  • Keybank N A

    TRUSTEE

    Total calculated
    $86,083
    From this org
    $86,083
    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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443169349305229

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