Skip to content
Nonprofiteer
← FRED LAMKE MEMORIAL FUND FBO WILMINGTON COLLEGE

Form 990 for tax year 2025

Filed by FRED LAMKE MEMORIAL FUND FBO WILMINGTON COLLEGE.

Totals

Total revenue
$49,455
Total expenses
$15,555
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$49,455
Other revenue
$0
Total assets, end of year
$643,750
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$643,750
Program services expenses (Part IX)
$7,523
Management and general expenses
$8,032
Fundraising expenses
$0
Program service expenses (Part III)
$15,553

Program services were 48.4% 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 $24,785 · excluded $24,785

  • 7a · Gross sales of assets other than inventory

    securities $160,561

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

    securities $135,891

  • 7c · Gain or loss

    securities $24,670

  • 7d · Net gain or loss

    total $24,670 · excluded $24,670

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $12,804 · program services $6,402 · management and general $6,402

  • 11b · Fees: legal

    total $1,216 · program services $608 · management and general $608

  • 11c · Fees: accounting

    total $1,026 · program services $513 · management and general $513

  • 11g · Fees: other

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

  • 24a · Other expenses: OAG ANNUAL FILING FEE

    total $213 · management and general $213

  • 24b · Other expenses: FOREIGN TAX ON QUALIFIED DIVIDENDS

    total $267 · management and general $267

  • 24c · Other expenses: FOREIGN TAX ON NONQUALIFIED DIVIDEN

    total $29 · management and general $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,819 · end of year $35,683

  • 11 · Investments: publicly traded securities

    beginning of year $602,095 · end of year $608,067

  • 27 · Net assets without donor restrictions

    beginning of year $609,914 · end of year $643,750

Mission and programs · 2025

Mission

Scholarships/Wilmington College

  • All income from this trust is for Wilmington College to use in providing financial aid for needy, rural students to attend their institution.

    Expenses $15,553 · Revenue $49,456

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peoples Bank

    Trustee

    Total calculated
    $12,804
    From this org
    $12,804
    From related orgs
    $0
    Other
    $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

No itemized grants to organizations 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
2025
Filed
23 April 2026
IRS schema version
2025v4.0
Source object
202601259349302950

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.