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← TRUST U/ART 5 O/W/O MARY ALICE FALVEY FBO AMERICAN LUNG ASSOCIATI

Form 990 for tax year 2022

Filed by TRUST U/ART 5 O/W/O MARY ALICE FALVEY FBO AMERICAN LUNG ASSOCIATI.

Totals

Total revenue
$35,788
Total expenses
$33,763
Contributions and grants received
$0
Grants paid
$16,800
Program service revenue
$0
Investment income
$35,759
Other revenue
$29
Total assets, end of year
$1,056,932
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,056,932
Program services expenses (Part IX)
$17,820
Management and general expenses
$15,943
Fundraising expenses
$0
Program service expenses (Part III)
$17,820

Program services were 52.8% 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 $17,843 · excluded $17,843

  • 7a · Gross sales of assets other than inventory

    securities $352,810

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

    securities $334,894

  • 7c · Gain or loss

    securities $17,916

  • 7d · Net gain or loss

    total $17,916 · excluded $17,916

  • 11a · Other revenue: Class action proceeds

    total $29 · excluded $29

  • 11e · Other revenue, total

    $29

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,800 · program services $16,800

  • 5 · Compensation of officers, directors and key employees

    total $2,039 · program services $1,020 · management and general $1,019

  • 11b · Fees: legal

    total $6,633 · management and general $6,633

  • 11c · Fees: accounting

    total $2,350 · management and general $2,350

  • 11f · Fees: investment management

    total $5,847 · management and general $5,847

  • 13 · Office expenses

    total $18 · management and general $18

  • 24a · Other expenses: Foreign taxes withheld

    total $41 · management and general $41

  • 24b · Other expenses: MA Form PC filing fee

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $43,235 · end of year $23,689

  • 11 · Investments: publicly traded securities

    beginning of year $1,089,809 · end of year $970,890

  • 12 · Investments: other securities

    beginning of year $157,917 · end of year $62,353

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,290,961 · end of year $1,056,932

  • 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

Grants to American Lung Association in accordance with the terms of the trust.

  • Grants to American Lung Association whose mission is to save lives by improving lung health and preventing lung disease.

    Expenses $17,820 · Grants $16,800

As filed on the 2022 return.

Listed in Part VII

  • Susan H Rice

    Trustee

    Total calculated
    $2,859
    From this org
    $1,020
    From related orgs
    $1,839
    Other
    $0
    Hours/week
    1 + 2 related

  • Linda D Scotland

    Trustee

    Total calculated
    $2,859
    From this org
    $1,019
    From related orgs
    $1,840
    Other
    $0
    Hours/week
    1 + 2 related

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
27 March 2023
IRS schema version
2022v5.0
Source object
202300949349300425

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