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Nonprofiteer
← THE WHITE HOUSE ENDOWMENT AND ACQUISITION TRUST

Form 990 for tax year 2023

Filed by THE WHITE HOUSE ENDOWMENT AND ACQUISITION TRUST.

Totals

Total revenue
$3,500,909
Total expenses
$961,702
Contributions and grants received
$0
Grants paid
$641,785
Program service revenue
$0
Investment income
$3,426,161
Other revenue
$74,748
Total assets, end of year
$105,455,094
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$105,455,094
Program services expenses (Part IX)
$641,785
Management and general expenses
$319,917
Fundraising expenses
$0
Program service expenses (Part III)
$641,785

Program services were 66.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,457,953 · excluded $2,457,953

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $19,239,478

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

    securities $18,271,270

  • 7c · Gain or loss

    securities $968,208 · other assets $0

  • 7d · Net gain or loss

    total $968,208 · excluded $968,208

  • 11a · Other revenue: OTHER INCOME

    total $74,748 · excluded $74,748

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $74,748

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $641,785 · program services $641,785

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $263,095 · management and general $263,095

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $56,822 · management and general $56,822

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,038 · end of year $665,146

  • 2 · Savings and temporary cash investments

    beginning of year $779,109 · end of year $625,535

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $198,145 · end of year $301,195

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $85,641,836 · end of year $103,936,334

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year -$173,244 · end of year -$73,116

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,813 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $86,439,071 · end of year $105,455,094

Mission and programs · 2023

Mission

TO SUPPORT, IN PERPETUITY, THE PRESERVATION AND CONSERVATION OF THE PUBLIC ROOMS OF THE WHITE HOUSE AND ITS COLLECTION OF FINE AND DECORATIVE ARTS.

Activities or mission (Part I)

TO SUPPORT THE PUBLIC ROOMS OF THE WHITE HOUSE AND ITS COLLECTION OF FINE AND DECORATIVE ARTS.

  • PRESERVATION AND CONSERVATION OF THE PUBLIC ROOMS OF THE WHITE HOUSE AND ITS COLLECTION OF FINE AND DECORATIVE ARTS.

    Expenses $641,785 · Grants $641,785

As filed on the 2023 return.

Listed in Part VII

  • Frederick Ryan

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Anita McBride

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ashley Dabbiere

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Barbara Perry

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James McDaniel

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Behrendt

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Rogers

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tina Tchen

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stewart McLaurin

    President

    Total calculated
    $521,865
    From this org
    $0
    From related orgs
    $483,106
    Other
    $38,759
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $363,106 related
    Bonus
    $0 + $120,000 related
    Other
    $0
    Deferred
    $0 + $23,514 related
    Nontaxable benefits
    $0 + $15,245 related
    Filer's total
    $0 + $521,865 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

  • THE WHITE HOUSE

    $641,785

    TO SUPPORT THE WHITE HOUSE COLLECTION.

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
15 August 2025
IRS schema version
2023v6.0
Source object
202502279349303110

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