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Nonprofiteer
← BENJAMIN ROSE TR

Form 990 for tax year 2023

Filed by BENJAMIN ROSE TR.

Totals

Total revenue
$1,610,381
Total expenses
$2,713,934
Contributions and grants received
$0
Grants paid
$2,389,523
Program service revenue
$0
Investment income
$1,303,197
Other revenue
$307,184
Total assets, end of year
$42,883,149
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$42,883,149
Program services expenses (Part IX)
$2,482,331
Management and general expenses
$231,603
Fundraising expenses
$0
Program service expenses (Part III)
$2,389,523

Program services were 91.5% 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 $1,115,555 · excluded $1,115,555

  • 7a · Gross sales of assets other than inventory

    securities $9,548,988

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

    securities $9,361,346

  • 7c · Gain or loss

    securities $187,642

  • 7d · Net gain or loss

    total $187,642 · excluded $187,642

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $230,222 · excluded $230,222

  • 11b · Other revenue: PARTNERSHIP UBTI

    total $68,427 · unrelated business $68,427

  • 11d · All other revenue

    total $8,535 · excluded $8,535

  • 11e · Other revenue, total

    $307,184

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,389,523 · program services $2,389,523

  • 5 · Compensation of officers, directors and key employees

    total $231,519 · program services $92,608 · management and general $138,911

  • 24a · Other expenses: FOREIGN TAX WITHHELD

    total $18,115 · management and general $18,115

  • 24b · Other expenses: INVESTMENT EXPENSES

    total $10,823 · management and general $10,823

  • 24c · Other expenses: 990-T TAXES PAID

    total $1,750 · management and general $1,750

  • 24d · Other expenses: FROM PARTNERSHIP/S-CORP

    total $62,004 · management and general $62,004

  • 24e · All other expenses

    total $200 · program services $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $268,136 · end of year $305,002

  • 11 · Investments: publicly traded securities

    beginning of year $43,619,625 · end of year $42,578,147

  • 29 · Capital stock, trust principal or current funds

    beginning of year $43,887,761 · end of year $42,883,149

Mission and programs · 2023

Mission

THE GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATED JULY 25, 1933. THE TRUSTEE MAKES DISTRIBUTIONS TO THE BENJAMIN ROSE INSTITUTE FOR THE CONTINUING FINANCIAL SUPPORT IN ITS PURPOSE TO PROVIDE RELIEF AND ASSISTANCE TO NEEDY ELDERLY PERSONS. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENJAMIN ROSE INSTITUTE HAS CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME. THE TRUSTEE MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THE BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THAT THE BENJAMIN ROSE INSTITUTE HAS AUTHORITY TO DIRECT AND APPROVE INVESTMENTS, THE TRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO ENSURE THE CONTINUATION TO QUALIFY AS A 501(C)(3) ORGANIZATION.

  • THE DISTRIBUTIONS MADE TO THE BENJAMIN ROSE INSTITUTE ARE FOR THE PURPOSE OF ADVANCING THE HEALTH, INDEPENDENCE, AND DIGNITY OF ELDERLY ADULTS BY RAISING THE STANDARDS FOR QUALITY OF CARE.

    Expenses $2,389,523 · Grants $2,389,523

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

Listed in Part VII

  • BNY MELLON N A

    TRUSTEE

    Total calculated
    $231,519
    From this org
    $231,519
    From related orgs
    $0
    Other
    $0

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

  • THE BENJAMIN ROSE INSTITUTE

    $2,389,523

    THE TRUST PROVIDES THE BENJAMIN ROSE INSTITUTE FUNDS TO ADVANCE THE HEALTH, INDEPENDENCE, AND DIGNITY OF ELDERLY ADULTS BY RAISING THE STANDARDS OF QUALITY OF CARE

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202433119349301443

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