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Nonprofiteer
← KATHLEEN MCGEHEE TRUST

Form 990 for tax year 2023

Filed by KATHLEEN MCGEHEE TRUST.

Totals

Total revenue
$193,636
Total expenses
$458,350
Contributions and grants received
$0
Grants paid
$387,000
Program service revenue
$0
Investment income
$193,636
Other revenue
$0
Total assets, end of year
$10,149,319
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,149,319
Program services expenses (Part IX)
$387,000
Management and general expenses
$71,350
Fundraising expenses
$0
Program service expenses (Part III)
$387,000

Program services were 84.4% 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 $174,185 · excluded $174,185

  • 7a · Gross sales of assets other than inventory

    securities $501,255 · other assets $122,329

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

    securities $604,133

  • 7c · Gain or loss

    securities -$102,878 · other assets $122,329

  • 7d · Net gain or loss

    total $19,451 · related or exempt -$102,878 · excluded $122,329

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $387,000 · program services $387,000

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 11f · Fees: investment management

    total $62,599 · management and general $62,599

  • 20 · Interest

    total $37 · management and general $37

  • 24a · Other expenses: FOREIGN TAX

    total $2,214 · management and general $2,214

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$2

  • 2 · Savings and temporary cash investments

    beginning of year $279,165 · end of year $387,921

  • 11 · Investments: publicly traded securities

    beginning of year $8,655,635 · end of year $9,715,898

  • 12 · Investments: other securities

    beginning of year $45,500 · end of year $45,500

  • 27 · Net assets without donor restrictions

    beginning of year $8,980,298 · end of year $10,149,319

Mission and programs · 2023

Mission

FOREIGN MISSIONARY WORK

  • WORLD BIBLE SCHOOL................................ 32,000 MISSION RESOURCE NETWORK.......................... 70,000 ABILENE CHRISTIAN UNIVERSITY...................... 50,000 GREAT CITIES MISSIONS.............................160,000 MANDARIN CHURCH OF CHRIST......................... 3,000 AGAPE CHURCH OF CHRIST............................ 15,000 CHURCHES OF CHRIST DISASTER RELIEF EFFORTS INC.... 20,000

    Expenses $387,000 · Grants $387,000

As filed on the 2023 return.

Listed in Part VII

  • Richard M Dostie

    TRUSTEE

    Total calculated
    $0

  • C H Houston Jr

    TRUSTEE

    Total calculated
    $0

  • Grace C Nelson

    TRUSTEE

    Total calculated
    $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

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2024
IRS schema version
2023v5.0
Source object
202411839349300911

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