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Nonprofiteer
← NEXUS TRUST

Form 990 for tax year 2024

Filed by NEXUS TRUST.

Totals

Total revenue
$223,152
Total expenses
$161,781
Contributions and grants received
$0
Grants paid
$151,469
Program service revenue
$0
Investment income
$223,066
Other revenue
$86
Total assets, end of year
$6,347,006
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,347,006
Program services expenses (Part IX)
$151,469
Management and general expenses
$10,312
Fundraising expenses
$0
Program service expenses (Part III)
$151,469

Program services were 93.6% 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 $210,245 · excluded $210,245

  • 7a · Gross sales of assets other than inventory

    securities $3,000,000

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

    securities $2,987,179

  • 7c · Gain or loss

    securities $12,821

  • 7d · Net gain or loss

    total $12,821 · excluded $12,821

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $86 · excluded $86

  • 11e · Other revenue, total

    $86

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,469 · program services $151,469

  • 11c · Fees: accounting

    total -$2,500 · management and general -$2,500

  • 11f · Fees: investment management

    total $12,812 · management and general $12,812

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $874,287

  • 12 · Investments: other securities

    end of year $5,687,687

  • 15 · Other assets

    beginning of year $5,340,102 · end of year $659,319

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,522,187 · end of year $6,347,006

  • 28 · Net assets with donor restrictions

    beginning of year $4,689,702 · end of year $0

Mission and programs · 2024

Mission

TO PROVIDE SUPPORT AND FURTHER THE EXEMPT PURPOSE OF NEXUS-WOODBOURNE FAMILY HEALING

  • THE TRUST WAS FORMED AS A SUPPORTING ORGANIZATION FOR THE PURPOSE OF RECEIVING CONTRIBUTIONS MADE TO SUPPORT THE CLIENTS SERVED BY NEXUS-WOODBOURNE FAMILY HEALING, A 501(C)(3) ORGANIZATION. CONTRIBUTIONS WILL BE USED EXCLUSIVELY FOR THE PURPOSES OF CARRYING ON THE ACTIVITIES OF NEXUS-WOODBOURNE FAMILY HEALING.

    Expenses $151,469 · Grants $151,469

As filed on the 2024 return.

Listed in Part VII

  • Dr Michelle Murray

    CEO AND PRESIDENT

    Total calculated
    $641,367
    From this org
    $0
    From related orgs
    $613,703
    Other
    $27,664
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,124 related
    Bonus
    $0 + $119,579 related
    Other
    $0
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $15,589 related
    Filer's total
    $0 + $641,367 related

  • Scott McGuire

    CHIEF FINANCIAL OFFICER

    Total calculated
    $445,576
    From this org
    $0
    From related orgs
    $432,381
    Other
    $13,195
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,667 related
    Bonus
    $0 + $70,714 related
    Other
    $0
    Deferred
    $0 + $12,075 related
    Nontaxable benefits
    $0 + $1,120 related
    Filer's total
    $0 + $445,576 related

  • Cale Christensen

    CHAIRPERSON/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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

The filer's explanations (Part III)

PART I, LINE 3
THE OFFICERS ARE COMPENSATED BY A RELATED ORGANIZATION. THE ORGANIZATION RELIED ON THE RELATED ORGANIZATION TO ESTABLISH COMPENSATION FOR THE OFFICERS USING ONE OR MORE OF THE METHODS DESCRIBED IN LINE 3. NEXUS ADMINISTERS WOODBOURNE'S COMPENSATION PHILOSOPHY AND ENSURES ITS ALIGNMENT WITH OUR ENTERPRISE COMPENSATION GOVERNANCE PRACTICES. WHILE THE WOODBOURNE BOARD DOES NOT DIRECTLY APPROVE COMPENSATION RANGES, THE NEXUS BOARD OF DIRECTORS REVIEWS AND APPROVES ALL EXECUTIVE COMPENSATION RANGES, INCLUDING THOSE FOR THE CEO AND THE EXECUTIVE LEADERSHIP TEAM (ELT), TO MAINTAIN ORGANIZATIONAL CONSISTENCY AND EQUITY. THE NEXUS BOARD ALSO DIRECTLY REVIEWS AND APPROVES CEO COMPENSATION. NEXUS FOLLOWS A TWO YEAR CYCLE FOR EXECUTIVE MARKET REVIEWS.

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
2024
Filed
27 April 2026
IRS schema version
2024v5.5
Source object
202611279349302511

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