Form 990 for tax year 2023
Filed by EDGAR W FREEMAN CHARITABLE TRUST 17174 W-555 FIRST NATL BANK BLDG.
Totals
- Total revenue
- $392,017
- Total expenses
- $306,523
- Contributions and grants received
- $0
- Grants paid
- $263,152
- Program service revenue
- $0
- Investment income
- $392,017
- Other revenue
- $0
- Total assets, end of year
- $6,595,228
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $6,595,228
- Program services expenses (Part IX)
- $286,667
- Management and general expenses
- $19,856
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $286,667
Program services were 93.5% 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 $171,711 · excluded $171,711
-
7a · Gross sales of assets other than inventory
securities $973,717 · other assets $26,029
-
7b · Less cost or other basis and sales expenses
securities $779,440
-
7c · Gain or loss
securities $194,277 · other assets $26,029
-
7d · Net gain or loss
total $220,306 · excluded $220,306
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $263,152 · program services $263,152
-
5 · Compensation of officers, directors and key employees
total $36,834 · program services $18,417 · management and general $18,417
-
11c · Fees: accounting
total $3,598 · program services $2,159 · management and general $1,439
-
24a · Other expenses: FOREIGN TAXES
total $2,939 · program services $2,939
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $26,265 · end of year $163,945
-
11 · Investments: publicly traded securities
beginning of year $6,483,469 · end of year $6,431,283
-
29 · Capital stock, trust principal or current funds
beginning of year $3,790,763 · end of year $3,790,763
-
31 · Retained earnings, endowment or other funds
beginning of year $2,718,971 · end of year $2,804,465
Mission and programs · 2023
Mission
ON JANUARY 2ND 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. THE TRUST WAS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS TO SUPPORT OR MAINTAIN PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
-
ON JANUARY 2ND, 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. ONE SEGMENT OF THE TRUST IS DESIGNATED TO SUPPORT OR MAINTAIN BUSINESS SCHOOL PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
Expenses $286,667 · Grants $263,152
As filed on the 2023 return.
Listed in Part VII
-
FIRST DAKOTA NATIONAL BANK
TRUSTEE
- Total calculated
- $36,834
- From this org
- $36,834
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
JOHN DUDLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
SHEILA GESTRING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
TIMOTHY O'KEEFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
TIM RIDGWAY
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
-
FUNDING SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421429349300022
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