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Nonprofiteer
← H S HENTON TRUST FOR U OF M

Form 990 for tax year 2023

Filed by H S HENTON TRUST FOR U OF M.

Totals

Total revenue
$588,467
Total expenses
$407,102
Contributions and grants received
$0
Grants paid
$276,035
Program service revenue
$0
Investment income
$509,318
Other revenue
$79,149
Total assets, end of year
$8,360,040
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,360,040
Program services expenses (Part IX)
$288,960
Management and general expenses
$118,142
Fundraising expenses
$0
Program service expenses (Part III)
$287,210

Program services were 71.0% 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 $277,021 · excluded $277,021

  • 6a · Gross rents

    real property $96,720

  • 6b · Less rental expenses

    real property $17,571

  • 6c · Rental income or loss

    real property $79,149

  • 6d · Net rental income or loss

    total $79,149 · excluded $79,149

  • 7a · Gross sales of assets other than inventory

    securities $2,480,616

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

    securities $2,248,319

  • 7c · Gain or loss

    securities $232,297

  • 7d · Net gain or loss

    total $232,297 · excluded $232,297

  • 11a · Other revenue: OTHER INCOME - FEE REFUND

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $276,035 · program services $276,035

  • 5 · Compensation of officers, directors and key employees

    total $110,931 · program services $11,093 · management and general $99,838

  • 11a · Fees: management

    total $0 · management and general $0

  • 11b · Fees: legal

    total $4,659 · management and general $4,659

  • 11c · Fees: accounting

    total $1,750 · program services $1,750

  • 11f · Fees: investment management

    total $6,627 · management and general $6,627

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0

  • 24a · Other expenses: ADR FEES

    total $49 · management and general $49

  • 24b · Other expenses: FOREIGN TAX PAID

    total $6,969 · management and general $6,969

  • 24c · Other expenses: FILING FEE/STATE TAX

    total $82 · program services $82

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46

  • 2 · Savings and temporary cash investments

    beginning of year $847,605 · end of year $630,834

  • 10a · Land, buildings and equipment: cost or other basis

    $161,319

  • 10c · Land, buildings and equipment, net

    beginning of year $161,319 · end of year $161,319

  • 11 · Investments: publicly traded securities

    beginning of year $7,173,377 · end of year $7,567,887

  • 29 · Capital stock, trust principal or current funds

    beginning of year $8,182,347 · end of year $8,521,359

  • 31 · Retained earnings, endowment or other funds

    end of year -$161,319

Mission and programs · 2023

Mission

TO SUPPORT THE UNIVERSITY OF MINNESOTA FOUNDATION

  • TO SUPPORT THE UNIVERSITY OF MINNESOTA FOUNDATION

    Expenses $287,210 · Grants $276,035

As filed on the 2023 return.

Listed in Part VII

  • Lawrence A Laukka

    CO-TRUSTEE

    Total calculated
    $0

  • Robert E Buuck

    CO-TRUSTEE

    Total calculated
    $0

  • Wells Fargo Bank Na

    TRUSTEE

    Total calculated
    $110,931
    From this org
    $110,931
    From related orgs
    $0
    Other
    $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

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
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202510159349302921

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