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← ROLF AND ALICE KLEP EDUCATIONAL AND CHARITABLE TRUST

Form 990 for tax year 2023

Filed by ROLF AND ALICE KLEP EDUCATIONAL AND CHARITABLE TRUST.

Totals

Total revenue
$17,422
Total expenses
$123,776
Contributions and grants received
$0
Grants paid
$112,641
Program service revenue
$0
Investment income
$17,422
Other revenue
$0
Total assets, end of year
$2,020,459
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,020,459
Program services expenses (Part IX)
$112,641
Management and general expenses
$11,135
Fundraising expenses
$0
Program service expenses (Part III)
$112,641

Program services were 91.0% 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 $57,128 · excluded $57,128

  • 7a · Gross sales of assets other than inventory

    securities $410,678

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

    securities $450,384

  • 7c · Gain or loss

    securities -$39,706

  • 7d · Net gain or loss

    total -$39,706 · excluded -$39,706

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $112,641 · program services $112,641

  • 11f · Fees: investment management

    total $11,135 · management and general $11,135

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $14,678 · end of year $11,391

  • 11 · Investments: publicly traded securities

    beginning of year $1,884,751 · end of year $2,009,068

  • 27 · Net assets without donor restrictions

    beginning of year $1,899,429 · end of year $2,020,459

Mission and programs · 2023

Mission

TO SUPPORT THE OPERATIONS OF THE COLUMBIA RIVER MARITIME MUSEUM.

  • DISTRIBUTIONS TO THE COLUMBIA RIVER MARITIME MUSEUM TO SUPPORT MUSEUM PROGRAM OPERATIONS. THE TRUST MADE DISTRIBUTIONS TO THE COLUMBIA RIVER MARITIME MUSEUM DURING THE YEAR ENDED DECEMBER 31, 2023 TOTALING $112,641.

    Expenses $112,641 · Grants $112,641

As filed on the 2023 return.

Listed in Part VII

  • Samuel Johnson

    TRUSTEE

    Total calculated
    $168,512
    From this org
    $0
    From related orgs
    $152,072
    Other
    $16,440
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,072 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,604 related
    Nontaxable benefits
    $0 + $8,836 related
    Filer's total
    $0 + $168,512 related

  • Michael Haglund

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • John McGowan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Heather Reynolds

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Barbara Blue

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Heather Seppa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

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

The filer's explanations (Part III)

SCHEDULE J, PART I, QUESTION 3
SAMUEL JOHNSON IS A TRUSTEE OF THE TRUST, AND IS ALSO THE EXECUTIVE DIRECTOR OF THE COLUMBIA RIVER MARITIME MUSEUM, A RELATED ORGANIZATION. MR. JOHNSON RECEIVED NO COMPENSATION FROM THE TRUST, BUT DID RECEIVE COMPENSATION FROM THE COLUMBIA RIVER MARITIME MUSEUM. THE EXECUTIVE COMMITTEE AND BUDGET & FINANCE COMMITTEE (SUB-COMMITTEES OF THE BOARD OF TRUSTEES OF THE COLUMBIA RIVER MARITIME MUSEUM) REVIEW COMPENSATION AS PART OF THE ANNUAL THE BUDGET PROCESS, WHICH IS PRESENTED TO THE BOARD OF TRUSTEES FOR APPROVAL.

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

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
5 November 2024
IRS schema version
2023v5.1
Source object
202433119349304308

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