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Nonprofiteer
← NEXUS TRUST

Form 990 for tax year 2022

Filed by NEXUS TRUST.

Totals

Total revenue
$273,382
Total expenses
$251,993
Contributions and grants received
$248,989
Grants paid
$248,989
Program service revenue
$0
Investment income
$24,393
Other revenue
$0
Total assets, end of year
$5,881,145
Total liabilities, end of year
$2,500
Net assets or fund balances, end of year
$5,878,645
Program services expenses (Part IX)
$248,989
Management and general expenses
$3,004
Fundraising expenses
$0
Program service expenses (Part III)
$248,989

Program services were 98.8% 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.

  • 1f · All other contributions, gifts and grants

    $248,989

  • 3 · Investment income

    total $19,220 · excluded $19,220

  • 7a · Gross sales of assets other than inventory

    securities $5,173

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

    securities $0

  • 7c · Gain or loss

    securities $5,173

  • 7d · Net gain or loss

    total $5,173 · excluded $5,173

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,989 · program services $248,989

  • 11c · Fees: accounting

    total $25 · management and general $25

  • 11f · Fees: investment management

    total $2,979 · management and general $2,979

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $726,638 · end of year $776,848

  • 15 · Other assets

    beginning of year $5,008,939 · end of year $5,104,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,500 · end of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,382,715 · end of year $1,424,748

  • 28 · Net assets with donor restrictions

    beginning of year $4,350,362 · end of year $4,453,897

Mission and programs · 2022

Mission

The Trust was formed as a supporting organization for the purpose of receiving contributions made to support the clients served by Nexus-Woodbourne Family Healing, a related supported organization. Contributions will be used exclusively for the purpose of carrying on the activities of Nexus-Woodbourne Family Healing.

Activities or mission (Part I)

To provide support and further the exempt purpose of Nexus-Woodbourne Family Healing

  • The Trust was formed as a supporting organization for the purpose of receiving contributions made to support the clients served by Nexus-Woodbourne Family Healing, a 501(c)(3) organization. Contributions will be used exclusively for the purposes of carrying on the activities of Nexus-Woodbourne Family Healing.

    Expenses $248,989 · Grants $248,989

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

Listed in Part VII

  • Michelle Murray

    CEO & President

    Total calculated
    $556,117
    From this org
    $0
    From related orgs
    $521,459
    Other
    $34,658
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,847 related
    Bonus
    $0 + $90,612 related
    Other
    $0
    Deferred
    $0 + $12,944 related
    Nontaxable benefits
    $0 + $22,345 related
    Filer's total
    $0 + $556,748 related

  • Scott McGuire

    CFO

    Total calculated
    $379,085
    From this org
    $0
    From related orgs
    $345,974
    Other
    $33,111
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,655 related
    Bonus
    $0 + $51,319 related
    Other
    $0
    Deferred
    $0 + $10,150 related
    Nontaxable benefits
    $0 + $23,561 related
    Filer's total
    $0 + $379,685 related

  • Cale Christensen

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The officers are compensated by a related organization. The organization relied on the related organization to establish compensation for the officers using one or more of the methods described in Line 3.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202411299349303451

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