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← BLANCHE EBERT SEAVER TRUST FOR FRANK R SEAVER COLLEGE

Form 990 for tax year 2022

Filed by BLANCHE EBERT SEAVER TRUST FOR FRANK R SEAVER COLLEGE.

Totals

Total revenue
$5,348,914
Total expenses
$9,662,478
Contributions and grants received
$0
Grants paid
$8,330,121
Program service revenue
$0
Investment income
$5,347,701
Other revenue
$1,213
Total assets, end of year
$109,941,163
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$109,941,163
Program services expenses (Part IX)
$8,330,121
Management and general expenses
$1,332,357
Fundraising expenses
$0
Program service expenses (Part III)
$8,330,121

Program services were 86.2% 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 $2,468,238 · excluded $2,468,238

  • 7a · Gross sales of assets other than inventory

    securities $10,940,688

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

    securities $8,061,225

  • 7c · Gain or loss

    securities $2,879,463

  • 7d · Net gain or loss

    total $2,879,463 · excluded $2,879,463

  • 11a · Other revenue: UBTI FROM PARTNERSHIP INVESTMENTS

    total $4,353 · unrelated business $4,353

  • 11d · All other revenue

    total -$3,140 · excluded -$3,140

  • 11e · Other revenue, total

    $1,213

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,330,121 · program services $8,330,121

  • 5 · Compensation of officers, directors and key employees

    total $908,856 · management and general $908,856

  • 11b · Fees: legal

    total $13,190 · management and general $13,190

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 24a · Other expenses: FOREIGN TAX ON INVESTMENT

    total $111,860 · management and general $111,860

  • 24b · Other expenses: INVESTMENT MANAGEMENT FEES-THIRD PA

    total $295,263 · management and general $295,263

  • 24e · All other expenses

    total $688 · management and general $688

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,696,533 · end of year $1,747,018

  • 11 · Investments: publicly traded securities

    beginning of year $91,199,197 · end of year $86,091,939

  • 15 · Other assets

    beginning of year $20,971,627 · end of year $22,102,206

  • 29 · Capital stock, trust principal or current funds

    beginning of year $113,867,357 · end of year $109,941,163

Mission and programs · 2022

Mission

TO SUPPORT PEPPERDINE UNIVERSITY

  • GRANT PAID TO SUPPORTED ORGANIZATION - PEPPERDINE UNIVERSITY

    Expenses $8,330,121 · Grants $8,330,121

As filed on the 2022 return.

Listed in Part VII

  • R Carlton Seaver

    CO-TRUSTEE

    Total calculated
    $128,186
    From this org
    $128,186
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Myron E Harpole

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christopher Seaver

    CO-TRUSTEE

    Total calculated
    $128,186
    From this org
    $128,186
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Northern Trust N A

    CO-TRUSTEE

    Total calculated
    $652,484
    From this org
    $652,484
    From related orgs
    $0
    Other
    $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

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
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349311344

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