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← EDGAR W FREEMAN CHARITABLE TRUST 17174 W-555 FIRST NATL BANK BLDG

Form 990 for tax year 2022

Filed by EDGAR W FREEMAN CHARITABLE TRUST 17174 W-555 FIRST NATL BANK BLDG.

Totals

Total revenue
$319,606
Total expenses
$318,647
Contributions and grants received
$0
Grants paid
$275,280
Program service revenue
$0
Investment income
$319,606
Other revenue
$0
Total assets, end of year
$6,509,734
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,509,734
Program services expenses (Part IX)
$298,536
Management and general expenses
$20,111
Fundraising expenses
$0
Program service expenses (Part III)
$298,536

Program services were 93.7% 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 $144,565 · excluded $144,565

  • 7a · Gross sales of assets other than inventory

    securities $1,751,709 · other assets $42,335

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

    securities $1,619,003

  • 7c · Gain or loss

    securities $132,706 · other assets $42,335

  • 7d · Net gain or loss

    total $175,041 · excluded $175,041

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $275,280 · program services $275,280

  • 5 · Compensation of officers, directors and key employees

    total $37,400 · program services $18,700 · management and general $18,700

  • 11c · Fees: accounting

    total $3,527 · program services $2,116 · management and general $1,411

  • 24a · Other expenses: FOREIGN TAXES

    total $2,440 · program services $2,440

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $62,500 · end of year $26,265

  • 11 · Investments: publicly traded securities

    beginning of year $6,446,275 · end of year $6,483,469

  • 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 $2,718,012 · end of year $2,718,971

Mission and programs · 2022

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 $298,536 · Grants $275,280

As filed on the 2022 return.

Listed in Part VII

  • First Dakota National Bank

    TRUSTEE

    Total calculated
    $37,400
    From this org
    $37,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • John Dudley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sheila Gestring

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tim Ridgway

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Yockey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    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

Provenance

Return type
form_990
Tax year
2022
Filed
18 April 2023
IRS schema version
2022v5.0
Source object
202311529349300901

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