Skip to content
Nonprofiteer
← LOUISE B HIRS CHARITABLE UNITRUST

Form 990 for tax year 2023

Filed by LOUISE B HIRS CHARITABLE UNITRUST.

Totals

Total revenue
$499,867
Total expenses
$894,303
Contributions and grants received
$0
Grants paid
$799,731
Program service revenue
$0
Investment income
$499,840
Other revenue
$27
Total assets, end of year
$12,017,517
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$12,017,517
Program services expenses (Part IX)
$799,731
Management and general expenses
$94,572
Fundraising expenses
$0
Program service expenses (Part III)
$799,731

Program services were 89.4% 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 $282,460 · excluded $282,460

  • 5 · Royalties

    total $27 · excluded $27

  • 7a · Gross sales of assets other than inventory

    securities $2,613,084

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

    securities $2,395,704

  • 7c · Gain or loss

    securities $217,380

  • 7d · Net gain or loss

    total $217,380 · excluded $217,380

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $799,731 · program services $799,731

  • 5 · Compensation of officers, directors and key employees

    total $79,420 · management and general $79,420

  • 11c · Fees: accounting

    total $3,650 · management and general $3,650

  • 24a · Other expenses: FOREIGN TAX

    total $6,778 · management and general $6,778

  • 24b · Other expenses: INVESTMENT EXPENSES

    total $3,548 · management and general $3,548

  • 24c · Other expenses: ADR FEES

    total $1,174 · management and general $1,174

  • 24d · Other expenses: O & G PRODUCTION TAX &

    total $2 · management and general $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,782 · end of year $373,380

  • 11 · Investments: publicly traded securities

    beginning of year $11,367,787 · end of year $10,874,105

  • 12 · Investments: other securities

    beginning of year $770,032 · end of year $770,032

  • 29 · Capital stock, trust principal or current funds

    beginning of year $12,414,601 · end of year $12,017,517

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE CHARITABLE TRUST WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF THREE NAMED CHARITIES. THESE CHARITIES ARE: SISTERS OF MERCY OF THE AMERICAS SOUTH CENTRAL COMMUNITY, INC., THE DISCALCED CARMELITE NUNS, AND THE ALLEN MEMORIAL HOME. ALL THREE OF THESE CHARITIES ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

Activities or mission (Part I)

THE PURPOSE FOR WHICH THE TRUST IS ORGANIZED IS TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE FOLLOWING THREE NAMED CHARITIES: SISTERS OF MERCY OF THE AMERICAS SOUTH CENTRAL COMMUNITY, INC., THE DISCALCED CARMELITE NUNS, AND THE ALLEN MEMORIAL HOME, ALL OF WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

  • PLEASE REFER TO PART III, ITEM 1 ABOVE.

    Expenses $799,731 · Grants $799,731

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Regions Bank

    TRUSTEE

    Total calculated
    $79,420
    From this org
    $79,420
    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
2023
Filed
15 July 2024
IRS schema version
2023v5.1
Source object
202421979349300637

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.