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← WG AND JB MANSON CHARITABLE TRUST

Form 990 for tax year 2023

Filed by WG AND JB MANSON CHARITABLE TRUST.

Totals

Total revenue
$641,111
Total expenses
$675,993
Contributions and grants received
$0
Grants paid
$589,982
Program service revenue
$0
Investment income
$641,111
Other revenue
$0
Total assets, end of year
$11,251,618
Total liabilities, end of year
$265,594
Net assets or fund balances, end of year
$10,986,024
Program services expenses (Part IX)
$589,982
Management and general expenses
$86,011
Fundraising expenses
$0
Program service expenses (Part III)
$589,982

Program services were 87.3% 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 $601,317 · related or exempt $601,317

  • 7a · Gross sales of assets other than inventory

    securities $471,163 · other assets $292

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

    securities $431,661

  • 7c · Gain or loss

    securities $39,502 · other assets $292

  • 7d · Net gain or loss

    total $39,794 · related or exempt $39,794

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $589,982 · program services $589,982

  • 5 · Compensation of officers, directors and key employees

    total $79,014 · management and general $79,014

  • 11c · Fees: accounting

    total $6,700 · management and general $6,700

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $297 · management and general $297

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $18,933 · end of year $78,278

  • 11 · Investments: publicly traded securities

    beginning of year $11,091,995 · end of year $11,149,212

  • 15 · Other assets

    beginning of year $22,412 · end of year $24,128

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,889 · end of year $23,383

  • 25 · Other liabilities

    beginning of year $149,133 · end of year $242,211

  • 29 · Capital stock, trust principal or current funds

    beginning of year $10,964,318 · end of year $10,986,024

Mission and programs · 2023

Mission

PROVIDE SUPPORT TO CHARITABLE AND EDUCATIONAL ORGANIZATIONS, SPECIFICALLY HUGGINS HOSPITAL AND WOLFEBORO AREA CHILDREN'S CENTER LOCATED IN WOLFEBORO, NH AND ANNUAL EDUCATIONAL SCHOLARSHIPS TO STUDENTS AT HIGH SCHOOL IN NEW JERSEY.

Activities or mission (Part I)

PROVIDE SUPPORT TO CHARITABLE AND EDUCATIONAL ORGANIZATIONS NAMED WITHIN THE TRUST DOCUMENT.

  • NET INCOME EACH YEAR PAID AS 2,500 SCHOLARSHIP PER TRUST AND 50% OF REMAINDER TO HUGGINS HOSPITAL AND WOLFEBORO CHILDREN'S CENTER, INC. FOR THE YEAR 2022, NO 2,500 SCHOLARSHIP WAS GRANTED.

    Expenses $589,982 · Grants $589,982

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barbara J Jagusztyn

    TRUSTEE

    Total calculated
    $39,507
    From this org
    $39,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Richard J Jagusztyn

    TRUSTEE

    Total calculated
    $39,507
    From this org
    $39,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

Provenance

Return type
form_990
Tax year
2023
Filed
22 June 2024
IRS schema version
2023v5.0
Source object
202441749349300609

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