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← INDEPENDENCE CHARITABLE TRUST

Form 990 for tax year 2022

Filed by INDEPENDENCE CHARITABLE TRUST.

Totals

Total revenue
-$320,819
Total expenses
$210,626
Contributions and grants received
$40,000
Grants paid
$202,700
Program service revenue
$0
Investment income
$43,345
Other revenue
-$404,164
Total assets, end of year
$5,066,780
Total liabilities, end of year
$50,673
Net assets or fund balances, end of year
$5,016,107
Program services expenses (Part IX)
$202,700
Management and general expenses
$7,926
Fundraising expenses
$0
Program service expenses (Part III)
$202,700

Program services were 96.2% 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.

  • 1d · Related organizations

    $40,000

  • 3 · Investment income

    total $80,922 · excluded $80,922

  • 7a · Gross sales of assets other than inventory

    securities $1,432,874

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

    securities $1,470,451

  • 7c · Gain or loss

    securities -$37,577

  • 7d · Net gain or loss

    total -$37,577 · excluded -$37,577

  • 11a · Other revenue: EQUITY IN EARNINGS OF 100% OWNED

    total -$404,164 · related or exempt -$404,164

  • 11e · Other revenue, total

    -$404,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $202,700 · program services $202,700

  • 11f · Fees: investment management

    total $7,926 · management and general $7,926

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $516 · end of year $5,991

  • 11 · Investments: publicly traded securities

    beginning of year $4,658,603 · end of year $3,759,002

  • 12 · Investments: other securities

    beginning of year $1,705,951 · end of year $1,301,787

  • 25 · Other liabilities

    beginning of year $0 · end of year $50,673

  • 27 · Net assets without donor restrictions

    beginning of year $6,365,070 · end of year $5,016,107

Mission and programs · 2022

Mission

RECEIVE DONATIONS FOR PURPOSE OF MAKING GRANTS TO 501(C)(3) ORGANIZATIONS.

  • GRANT TO KANSAS LEGAL SERVICES, INC. - A 501(C)(3) ORGANIZATION SERVING LOW INCOME PERSONS' LEGAL NEEDS.

    Expenses $202,700 · Grants $202,700

As filed on the 2022 return.

Listed in Part VII

  • Mel J Sauer Jr

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Roger L McCollister

    CEO

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Marilyn M Harp

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Steve Fredrickson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Mike Lennen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donald A Johnston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jacob Hodge

    TRUSTEE

    Total calculated
    $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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MIDLAND PROFESSIONAL SERVICES INC

    C · SERVICES TO HOSPITALS · KS · 100% owned · share of income -$404,164 · share of assets $1,722,435 · controlled entity

    Directly controlled by INDEPENDENCE CHARITABLE TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343129349300639

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