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Nonprofiteer
← HOWARD SCOTT RESIDUARY TRUST UW FIRST ALA BK

Form 990 for tax year 2022

Filed by HOWARD SCOTT RESIDUARY TRUST UW FIRST ALA BK.

Totals

Total revenue
$155,968
Total expenses
$76,103
Contributions and grants received
$0
Grants paid
$50,000
Program service revenue
$0
Investment income
$153,095
Other revenue
$2,873
Total assets, end of year
$1,712,217
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,712,217
Program services expenses (Part IX)
$50,000
Management and general expenses
$26,103
Fundraising expenses
$0
Program service expenses (Part III)
$50,000

Program services were 65.7% 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 $8,402 · excluded $8,402

  • 6a · Gross rents

    real property $13,007

  • 6b · Less rental expenses

    real property $10,134

  • 6c · Rental income or loss

    real property $2,873

  • 6d · Net rental income or loss

    total $2,873 · excluded $2,873

  • 7a · Gross sales of assets other than inventory

    securities $83,676 · other assets $153,008

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

    securities $84,341 · other assets $7,650

  • 7c · Gain or loss

    securities -$665 · other assets $145,358

  • 7d · Net gain or loss

    total $144,693 · excluded $144,693

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $24,056 · management and general $24,056

  • 11c · Fees: accounting

    total $1,700 · management and general $1,700

  • 24a · Other expenses: INVESTMENT EXPENSES

    total $236 · management and general $236

  • 24b · Other expenses: FOREIGN TAXES PAID

    total $111 · management and general $111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,860 · end of year $99,100

  • 10a · Land, buildings and equipment: cost or other basis

    $1,312,184

  • 10c · Land, buildings and equipment, net

    beginning of year $1,302,302 · end of year $1,312,184

  • 11 · Investments: publicly traded securities

    beginning of year $295,173 · end of year $300,933

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,632,335 · end of year $1,712,217

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE FINANCIAL SUPPORT TO THE TOWN OF CHATOM, ALABAMA FOR THE SOLE USE AND BENEFIT OF WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA.

  • THE FUNDS DISTRIBUTED TO THE TOWN OF CHATOM, ALABAMA ARE USED BY THE WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA.

    Expenses $50,000 · Grants $50,000

As filed on the 2022 return.

Listed in Part VII

  • Regions Bank Trust Dept

    TRUSTEE

    Total calculated
    $24,056
    From this org
    $24,056
    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

  • TOWN OF CHATOM AL - WASHINGTON COUNTY LIBRARY

    $50,000

    FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, AL.

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.

  • TOWN OF CHATOM ALABAMA - WASHINGTON COUNTY LIBRARY

    170(B)(1)(A)(V) · WASHINGTON COUNTY, ALABAMA PUBLIC LIBRARY · AL

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303129349300335

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