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← BIRMINGHAM-SOUTHERN COLLEGE THOMAS E JERNIGAN SCHOLARSHIP ENDOWMENT F

Form 990 for tax year 2022

Filed by BIRMINGHAM-SOUTHERN COLLEGE THOMAS E JERNIGAN SCHOLARSHIP ENDOWMENT F.

Totals

Total revenue
$170,317
Total expenses
$51,569
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$170,317
Other revenue
$0
Total assets, end of year
$6,591,042
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,591,042
Program services expenses (Part IX)
$8,362
Management and general expenses
$43,207
Fundraising expenses
$0
Program service expenses (Part III)
$8,362

Program services were 16.2% 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 $84,617 · excluded $84,617

  • 7a · Gross sales of assets other than inventory

    securities $1,667,617

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

    securities $1,581,917

  • 7c · Gain or loss

    securities $85,700

  • 7d · Net gain or loss

    total $85,700 · excluded $85,700

  • 11a · Other revenue: Boston Prop - Deferred Income

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $41,808 · program services $8,362 · management and general $33,446

  • 11a · Fees: management

    total $6,896 · management and general $6,896

  • 24a · Other expenses: Foreign Tax Withheld

    total $2,305 · management and general $2,305

  • 24b · Other expenses: Account Maintenance Fees

    total $560 · management and general $560

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $160,145 · end of year $192,266

  • 11 · Investments: publicly traded securities

    beginning of year $6,311,624 · end of year $6,398,776

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,471,769 · end of year $6,591,042

Mission and programs · 2022

Mission

A supporting organization established to support Birmingham Southern College.

  • THE TRUST SHALL DISTRIBUTE INCOME TO B'HAM SOUTHERN COLLEGE,THE SUPPORTED ORGANIZATION, TO AWARD AND ADMINISTER SCHOLARSHIPS PURSUANT TO THE JERNIGAN SCHOLARSHIP AGREEMENT.

    Expenses $8,362

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pnc Bank Na

    TRUSTEE

    Total calculated
    $41,808
    From this org
    $41,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

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
2022
Filed
24 April 2023
IRS schema version
2022v5.0
Source object
202321239349302837

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