Form 990 for tax year 2022
Filed by MANCE E & FAY PHILLIPS DRUMMOND ENDOWMENT TRUST.
Totals
- Total revenue
- $66,345
- Total expenses
- $54,442
- Contributions and grants received
- $0
- Grants paid
- $42,130
- Program service revenue
- $0
- Investment income
- $66,345
- Other revenue
- $0
- Total assets, end of year
- $1,764,321
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,764,321
- Program services expenses (Part IX)
- $42,130
- Management and general expenses
- $12,312
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $42,130
Program services were 77.4% 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 $38,896 · excluded $38,896
-
7a · Gross sales of assets other than inventory
securities $205,424 · other assets $25,942
-
7b · Less cost or other basis and sales expenses
securities $203,917
-
7c · Gain or loss
securities $1,507 · other assets $25,942
-
7d · Net gain or loss
total $27,449 · excluded $27,449
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $42,130 · program services $42,130
-
5 · Compensation of officers, directors and key employees
total $6,821 · management and general $6,821
-
11c · Fees: accounting
total $750 · management and general $750
-
24a · Other expenses: TAX EXEMPT ACCRUED INT PA
total $2,659 · management and general $2,659
-
24b · Other expenses: BD PREM NONCOVERED
total $1,076 · management and general $1,076
-
24c · Other expenses: TAX EXEMPT ACCRUTED INT P
total $787 · management and general $787
-
24d · Other expenses: BOND PREMIUM NON COVERED
total $219 · management and general $219
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $100,454 · end of year $29,563
-
11 · Investments: publicly traded securities
beginning of year $1,646,867 · end of year $1,729,600
-
15 · Other assets
beginning of year $5,158 · end of year $5,158
-
29 · Capital stock, trust principal or current funds
beginning of year $1,752,479 · end of year $1,764,350
-
31 · Retained earnings, endowment or other funds
end of year -$29
Mission and programs · 2022
Mission
THE TRUST WAS CREATED TO MANAGE AN ENDOWMENT THAT PROVIDES FUNDING TO FOUR CHARITABLE ORGANIZATIONS. DURING THE YEAR, 42,131 WAS DISTRIBUTED TO THE FOUR CHARITIES.
-
DISTRIBUTED ENDOWMENT EARNINGS TO FOUR CHARITIES AS INSTRUCTED IN THE TRUST INDENTURE
Expenses $42,130 · Grants $42,130
As filed on the 2022 return.
Listed in Part VII
-
CITIZENS BANK & TRUST BY ANDREW
TRUSTEE
- Total calculated
- $6,821
- From this org
- $6,821
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
MIKE CARNAHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
THOM MCGUIRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
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
-
OPERATING SUPPORT
-
$8,426
OPERATING SUPPORT
-
OPERATING SUPPORT
-
$8,426
OPERATING SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 February 2023
- IRS schema version
- 2022v4.1
- Source object
- 202340629349300909
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