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Nonprofiteer
← SEBASTIAN PAUL LONG TEST TR

Form 990 for tax year 2023

Filed by SEBASTIAN PAUL LONG TEST TR.

Totals

Total revenue
$15,670
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$15,670
Other revenue
$0
Total assets, end of year
$1,192,797
Total liabilities, end of year
$5,817
Net assets or fund balances, end of year
$1,186,980
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $16,381 · excluded $16,381

  • 7a · Gross sales of assets other than inventory

    securities $644,566

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

    securities $645,277

  • 7c · Gain or loss

    securities -$711

  • 7d · Net gain or loss

    total -$711 · excluded -$711

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,404 · end of year $917,357

  • 2 · Savings and temporary cash investments

    beginning of year $555,658 · end of year $0

  • 12 · Investments: other securities

    beginning of year $331,750 · end of year $275,440

  • 15 · Other assets

    beginning of year $4,406 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,228 · end of year $5,817

  • 28 · Net assets with donor restrictions

    beginning of year $1,148,990 · end of year $1,186,980

Mission and programs · 2023

Mission

THE TRUST WAS CREATED TO OPERATE FOR THE BENEFIT OF ETERNAL WORD TELEVISION NETWORK, INC., A 501(C)(3) ORGANIZATION THAT OPERATES TELEVISION, RADIO, INTERNET, AND PRINT MEDIA NETWORKS FROM A CATHOLIC PERSPECTIVE.

  • THE TRUST OPERATES TO SUPPORT EWTN BY DISTRIBUTING 75% OF THE ANNUAL INCOME EARNINGS TO THE SUPPORTING ORGANIZATION. THE CURRENT YEAR EARNINGS WERE ACCRUED IN 2023 AND WERE PARTIALLY PAID IN 2023. THE RESIDUAL EARNINGS WILL BE DISTRIBUTED TO EWTN IN 2024.

As filed on the 2023 return.

Listed in Part VII

  • Michael P Warsaw

    TRUSTEE

    Total calculated
    $380,975
    From this org
    $0
    From related orgs
    $344,077
    Other
    $36,898
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,135 related
    Bonus
    $0 + $58,942 related
    Other
    $0
    Deferred
    $0 + $17,683 related
    Nontaxable benefits
    $0 + $19,215 related
    Filer's total
    $0 + $380,975 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2 May 2024
IRS schema version
2023v5.0
Source object
202411239349301521

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