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Nonprofiteer
← RUDOLPH & FLORENCE NADBATH CHARITABLE TRUST

Form 990 for tax year 2022

Filed by RUDOLPH & FLORENCE NADBATH CHARITABLE TRUST.

Totals

Total revenue
$4,679
Total expenses
$414,391
Contributions and grants received
$0
Grants paid
$386,844
Program service revenue
$0
Investment income
$4,679
Other revenue
$0
Total assets, end of year
$3,831,134
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,831,134
Program services expenses (Part IX)
$386,844
Management and general expenses
$27,547
Fundraising expenses
$0
Program service expenses (Part III)
$386,844

Program services were 93.4% 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 $2,306 · excluded $2,306

  • 4 · Income from investment of tax-exempt bond proceeds

    total $4,382 · excluded $4,382

  • 7a · Gross sales of assets other than inventory

    securities $110,819

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

    securities $112,828

  • 7c · Gain or loss

    securities -$2,009

  • 7d · Net gain or loss

    total -$2,009 · related or exempt -$2,009

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $386,844 · program services $386,844

  • 5 · Compensation of officers, directors and key employees

    total $26,522 · management and general $26,522

  • 11c · Fees: accounting

    total $950 · management and general $950

  • 24a · Other expenses: Registry of Charitable

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $273,533 · end of year $134,495

  • 7 · Other notes and loans receivable

    beginning of year $773,500 · end of year $773,500

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

    $368,000

  • 10c · Land, buildings and equipment, net

    beginning of year $368,000 · end of year $368,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,190,919 · end of year $1,793,403

  • 12 · Investments: other securities

    beginning of year $1,024,127 · end of year $761,736

  • 27 · Net assets without donor restrictions

    beginning of year $4,630,079 · end of year $3,831,134

Mission and programs · 2022

Mission

The Trust is organized exclusively for the benefit of St Ignatius High School in Cleveland, Ohio. Grants are to be used to provide scholarships to students of the school who demonstrate financial need.

  • The Trust is organized exclusively for the benefit of St Ignatius High School in Cleveland, Ohio. Grants are to be used to provide scholarships to students of the school who demonstrate financial need.

    Expenses $386,844 · Grants $386,844

As filed on the 2022 return.

Listed in Part VII

  • Paul Katerndalh

    Trustee

    Total calculated
    $26,522
    From this org
    $26,522
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349309346

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