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← LUESTHER T MERTZ CHARITABLE TR

Form 990 for tax year 2022

Filed by LUESTHER T MERTZ CHARITABLE TR.

Totals

Total revenue
$200,196
Total expenses
$1,155,611
Contributions and grants received
$0
Grants paid
$917,328
Program service revenue
$0
Investment income
$20,049
Other revenue
$180,147
Total assets, end of year
$453,479
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$453,479
Program services expenses (Part IX)
$935,393
Management and general expenses
$220,218
Fundraising expenses
$0
Program service expenses (Part III)
$935,393

Program services were 80.9% 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 $20,049 · excluded $20,049

  • 11a · Other revenue: FEDL UNRELATED BUS. TA

    total $162,500 · excluded $162,500

  • 11b · Other revenue: STATE UNRELATED BUS. T

    total $17,647 · excluded $17,647

  • 11e · Other revenue, total

    $180,147

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $917,328 · program services $917,328

  • 11b · Fees: legal

    total $155,196 · management and general $155,196

  • 11c · Fees: accounting

    total $26,057 · management and general $26,057

  • 11f · Fees: investment management

    total $1,440 · management and general $1,440

  • 11g · Fees: other

    total $25,000 · program services $8,161 · management and general $16,839

  • 24a · Other expenses: PROGRAM & ADMIN SERVICE

    total $30,340 · program services $9,904 · management and general $20,436

  • 24b · Other expenses: FILING FEES

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $491,566 · end of year $453,479

  • 15 · Other assets

    beginning of year $917,328

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,408,894 · end of year $453,479

  • 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

THE TRUST IS A TESTAMENTARY CHARITABLE TRUST UNDER NEW YORK LAW AND IS A SO-CALLED "SUPPORTING ORGANIZATION" DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE. THE SOLE EXEMPT PURPOSE AND ACTIVITY OF THE TRUST IS TO SUPPORT DIRECTLY FOURTEEN PUBLICLY SUPPORTED CHARITIES WHICH ARE NAMED IN THE TRUST'S GOVERNING INSTRUMENT WHICH REQUIRES THAT ALL NET INCOME OF THE TRUST BE DISTRIBUTED TO PROVIDE ESSENTIAL SUPPORT FOR A SUBSTANTIAL PROGRAM OR ACTIVITY OF ONE OR MORE OF THE NAMED BENEFICIARY ORGANIZATIONS. DURING THE TRUST'S FISCAL YEAR ENDED NOVEMBER 30, 2022, DISTRIBUTIONS, ALL IN CASH, WERE MADE TO BENEFICIARY ORGANIZATIONS NAMED IN THE TRUST'S GOVERNING INSTRUMENT.

Activities or mission (Part I)

SEE MISSION STATEMENT ON PAGE 2, PART III, LINE 1

  • THE TRUST IS IN THE PROCESS OF DISSOLUTION. A GRANT OF THE REMAINING NON-CASH ASSET WAS MADE DURING THE YEAR.

    Expenses $935,393 · Grants $917,328

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

Listed in Part VII

  • Larry E Condon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    40

  • Golden Beckner Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    40

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 JOYCE THEATER FOUNDATION

    $0

    DISTRIBUTION MADE TO THE LUESTHER T. MERTZ LEGACY TRUST FOR THE BENEFIT OF THE JOYCE THEATER FOUNDATION, A TYPE I SUPPORTING ORGANIZATION DESCRIBED IN IRC SECTION 509(A)(3), WHICH IS EFFECTIVELY A CONDUIT FOR THE JOYCE THEATER FOUNDATION.

Provenance

Return type
form_990
Tax year
2022
Filed
8 April 2024
IRS schema version
2022v5.0
Source object
202401019349301600

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