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← AUDREY BACKUS CHARITABLE TR 101196 363-146565

Form 990 for tax year 2023

Filed by AUDREY BACKUS CHARITABLE TR 101196 363-146565.

Totals

Total revenue
$647,991
Total expenses
$1,554,051
Contributions and grants received
$0
Grants paid
$1,392,901
Program service revenue
$0
Investment income
$647,991
Other revenue
$0
Total assets, end of year
$17,908,662
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,908,662
Program services expenses (Part IX)
$1,408,710
Management and general expenses
$145,341
Fundraising expenses
$0
Program service expenses (Part III)
$1,392,901

Program services were 90.6% 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 $625,329 · excluded $625,329

  • 7a · Gross sales of assets other than inventory

    securities $5,386,498

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

    securities $5,363,836

  • 7c · Gain or loss

    securities $22,662

  • 7d · Net gain or loss

    total $22,662 · excluded $22,662

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,392,901 · program services $1,392,901

  • 5 · Compensation of officers, directors and key employees

    total $140,586 · program services $14,059 · management and general $126,527

  • 11b · Fees: legal

    total $1,750 · program services $1,750

  • 11f · Fees: investment management

    total $11,638 · management and general $11,638

  • 24a · Other expenses: FOREIGN TAXES WITHHELD

    total $6,373 · management and general $6,373

  • 24b · Other expenses: INVESTMENT EXPENSES- ADR FEES

    total $129 · management and general $129

  • 24c · Other expenses: ROYALTY EXPENSES

    total $674 · management and general $674

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $421,132 · end of year $985,082

  • 11 · Investments: publicly traded securities

    beginning of year $18,383,905 · end of year $16,923,580

  • 27 · Net assets without donor restrictions

    beginning of year $18,805,037 · end of year $17,908,662

Mission and programs · 2023

Mission

TO MANAGE INVESTMENTS THAT WILL SUPPORT THE CALIFORNIA COMMUNITY FOUNDATION WHICH IS THE SOLE BENEFICIARY AS REQUIRED BY THE TRUST.

  • CALIFORNIA COMMUNITY FOUNDATION: INVESTMENTS ARE MANAGED TO 1) GENERATE INCOME THROUGH RENTS, INTEREST, DIVIDENDS AND GAINS. 2) INCREASE THE VALUE OF THE UNDERLYING SECURITIES AND PROPERTIES ALL FOR THE BENEFIT OF THE SOLE BENEFICIARY, THE CALIFORNIA COMMUNITY FOUNDATION.

    Expenses $1,392,901 · Grants $1,392,901

As filed on the 2023 return.

Listed in Part VII

  • Wells Fargo Na

    TRUSTEE

    Total calculated
    $140,586
    From this org
    $140,586
    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

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
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202532269349300143

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