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Nonprofiteer
← SEARS ALUMNAE FOUNDATION

Form 990 for tax year 2023

Filed by SEARS ALUMNAE FOUNDATION.

Totals

Total revenue
$141,003
Total expenses
$88,588
Contributions and grants received
$0
Grants paid
$63,863
Program service revenue
$0
Investment income
$141,003
Other revenue
$0
Total assets, end of year
$1,976,576
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,976,576
Program services expenses (Part IX)
$73,370
Management and general expenses
$15,218
Fundraising expenses
$0
Program service expenses (Part III)
$73,369

Program services were 82.8% 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 $68,793 · excluded $68,793

  • 7a · Gross sales of assets other than inventory

    securities $339,324

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

    securities $267,114

  • 7c · Gain or loss

    securities $72,210

  • 7d · Net gain or loss

    total $72,210

  • 11a · Other revenue: BEG DEF INCOME

  • 11b · Other revenue: END DEF INCOME

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $63,863 · program services $63,863

  • 5 · Compensation of officers, directors and key employees

    total $23,767 · program services $9,507 · management and general $14,260

  • 24a · Other expenses: FOREIGN DIV. TAX

  • 24b · Other expenses: PTNR EXP PORTFOLIO

  • 24e · All other expenses

    total $958 · management and general $958

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $48,427 · end of year $75,221

  • 11 · Investments: publicly traded securities

    beginning of year $1,876,498 · end of year $1,901,355

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,924,925 · end of year $1,976,576

Mission and programs · 2023

Mission

SUPPORT MARY INSTITUTE TEACHERS AND FORMER TEACHERS

  • MADE 11 GRANTS FOR THE RELIEF OF PAST OR PRESENT TEACHERS OF THE MARY INSTITUTE BECAUSE OF OLD AGE, ACCIDENT, FAILING HEALTH OR OTHER ADVERSITY

    Expenses $63,863 · Grants $63,863

  • BANK OF AMERICA, TRUSTEE FEES

    Expenses $9,506

As filed on the 2023 return.

Listed in Part VII

  • Mary Carnal

    CO-FIDUCIARY

    Total calculated
    $0

  • Lisa Coulter

    CO-FIDUCIARY

    Total calculated
    $0

  • McKay N Mills

    COMMITTEE MEMBER

    Total calculated
    $0

  • Whitney Reboulet

    CO-FIDUCIARY

    Total calculated
    $0

  • Mrs C N McAlpin

    CO-FIDUCIARY

    Total calculated
    $0

  • Lisa Nouss

    CO FIDUCIARY

    Total calculated
    $0

  • Bank Of America

    CO-FIDUCIARY

    Total calculated
    $23,737
    From this org
    $23,737
    From related orgs
    $0
    Other
    $0

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
2023
Filed
30 April 2024
IRS schema version
2023v5.0
Source object
202421229349300622

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