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Nonprofiteer
← LOLA M REMINGTON TRUST INTERFIRST BANK WICHITA FALLS NA

Form 990 for tax year 2024

Filed by LOLA M REMINGTON TRUST INTERFIRST BANK WICHITA FALLS NA.

Totals

Total revenue
$84,355
Total expenses
$85,659
Contributions and grants received
$0
Grants paid
$48,320
Program service revenue
$0
Investment income
$74,449
Other revenue
$9,906
Total assets, end of year
$1,590,874
Total liabilities, end of year
$690
Net assets or fund balances, end of year
$1,590,184
Program services expenses (Part IX)
$48,320
Management and general expenses
$37,339
Fundraising expenses
$0
Program service expenses (Part III)
$48,320

Program services were 56.4% 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 $56,010 · excluded $56,010

  • 5 · Royalties

    total $9,906 · excluded $9,906

  • 7a · Gross sales of assets other than inventory

    securities $371,861

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

    securities $353,422

  • 7c · Gain or loss

    securities $18,439

  • 7d · Net gain or loss

    total $18,439 · related or exempt $18,439

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,320 · program services $48,320

  • 5 · Compensation of officers, directors and key employees

    total $30,177 · management and general $30,177

  • 24a · Other expenses: Professional fees

    total $6,650 · management and general $6,650

  • 24b · Other expenses: Foreign taxes

    total $512 · management and general $512

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $14,773 · end of year $126,351

  • 4 · Accounts receivable

    beginning of year -$73 · end of year $1,188

  • 11 · Investments: publicly traded securities

    beginning of year $1,572,360 · end of year $1,460,521

  • 12 · Investments: other securities

    beginning of year $2,811 · end of year $2,811

  • 15 · Other assets

    beginning of year $255 · end of year $2

  • 17 · Accounts payable and accrued expenses

    beginning of year $690 · end of year $690

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,589,436 · end of year $1,590,184

  • 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 · 2024

Mission

All income is investment in nature and generated for the sole benefit of Texas Tech University and True Cemetery Association. The amounts paid to Texas Tech are used in administering the Ernest H. and Lola M. Remington Scholarship Fund.

  • The income from the trust is payable to Texas Tech University for administration of the Ernest H. and Lola M. Remington Scholarship Fund.

    Expenses $48,068 · Grants $48,068

  • The income from the trust is payable to True Cemetery Association for maintenance operations of the Cemetery.

    Expenses $252 · Grants $252

As filed on the 2024 return.

Listed in Part VII

  • American National Bank & Trust

    Trustee

    Total calculated
    $30,177
    From this org
    $30,177
    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

  • Texas Tech University

    $48,068

    Scholarships

Provenance

Return type
form_990
Tax year
2024
Filed
30 June 2025
IRS schema version
2024v5.2
Source object
202541819349301179

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