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← MICHAEL J CONNELL MEMORIAL FUND TRUST

Form 990 for tax year 2022

Filed by MICHAEL J CONNELL MEMORIAL FUND TRUST.

Totals

Total revenue
$808,622
Total expenses
$1,111,654
Contributions and grants received
$0
Grants paid
$890,436
Program service revenue
$0
Investment income
$494,017
Other revenue
$314,605
Total assets, end of year
$15,092,456
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$15,092,456
Program services expenses (Part IX)
$890,436
Management and general expenses
$221,218
Fundraising expenses
$0
Program service expenses (Part III)
$890,436

Program services were 80.1% 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 $441,648 · excluded $441,648

  • 7a · Gross sales of assets other than inventory

    securities $5,959,523

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

    securities $5,907,154

  • 7c · Gain or loss

    securities $52,369

  • 7d · Net gain or loss

    total $52,369 · excluded $52,369

  • 11a · Other revenue: OTHER INCOME

    total $309,731 · related or exempt $309,731

  • 11b · Other revenue: NET ROYALTY INCOME

    total $4,874 · excluded $4,874

  • 11e · Other revenue, total

    $314,605

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $890,436 · program services $890,436

  • 5 · Compensation of officers, directors and key employees

    total $41,250 · management and general $41,250

  • 11b · Fees: legal

    total $18,414 · management and general $18,414

  • 11c · Fees: accounting

    total $38,700 · management and general $38,700

  • 11f · Fees: investment management

    total $110,439 · management and general $110,439

  • 23 · Insurance

    total $3,440 · management and general $3,440

  • 24a · Other expenses: FOREIGN TAX

    total $8,775 · management and general $8,775

  • 24b · Other expenses: CA ATTORNEY GENERAL FEE

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,516,195 · end of year $2,082,524

  • 11 · Investments: publicly traded securities

    beginning of year $13,875,297 · end of year $13,005,936

  • 12 · Investments: other securities

    beginning of year $3,996 · end of year $3,996

  • 27 · Net assets without donor restrictions

    beginning of year $15,395,488 · end of year $15,092,456

Mission and programs · 2022

Mission

SUPPORT REGENTS OF UNIVERSITY OF CALIFORNIA.

  • SUPPORT TO THE GENERAL FUND OF THE REGENTS OF THE UNIVERSITY OF CALIFORNIA.

    Expenses $890,436 · Grants $890,436

As filed on the 2022 return.

Listed in Part VII

  • Richard Wilson Dec 8162023

    CO-TRUSTEE

    Total calculated
    $26,250
    From this org
    $26,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.75

  • Jeff Loebl

    CO-TRUSTEE

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349316826

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