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Nonprofiteer
← GUY AND BERTHA IRELAND ENDOWMENT

Form 990 for tax year 2022

Filed by GUY AND BERTHA IRELAND ENDOWMENT.

Totals

Total revenue
$121,822
Total expenses
$69,366
Contributions and grants received
$0
Grants paid
$53,979
Program service revenue
$0
Investment income
$121,822
Other revenue
$0
Total assets, end of year
$1,538,215
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,538,215
Program services expenses (Part IX)
$53,979
Management and general expenses
$15,387
Fundraising expenses
$0
Program service expenses (Part III)
$53,978

Program services were 77.8% 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 $66,008 · excluded $66,008

  • 7a · Gross sales of assets other than inventory

    securities $904,076

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

    securities $848,262

  • 7c · Gain or loss

    securities $55,814

  • 7d · Net gain or loss

    total $55,814 · related or exempt $55,814

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,979 · program services $53,979

  • 5 · Compensation of officers, directors and key employees

    total $14,669 · management and general $14,669

  • 11g · Fees: other

    total $22 · management and general $22

  • 24e · All other expenses

    total $696 · management and general $696

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,475 · end of year $2,403

  • 11 · Investments: publicly traded securities

    beginning of year $1,480,284 · end of year $1,535,812

  • 18 · Grants payable

    beginning of year -$359

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,485,759 · end of year $1,538,215

Mission and programs · 2022

Mission

The Articles of Incorporation state The sole and exclusive purpose of the corporation are religious, charitable, scientific, literary and educational. The documents further list the 4 organizations to whom donations are made and how the amounts are determined.

  • Provide funds to the Grand Forks YMCA & YWCA. One half of the funds to be used as awards for purpose or for sending worthy boys or girls to summer camp

    Expenses $23,990 · Grants $23,990

  • Provide for scholarships to UND for graduates of the two Grand Forks high schools. Scholarship to be based on financial need, scholastic record, desire to continue education at UND.

    Expenses $11,995 · Grants $11,995

  • Provide funds to Altru Hospital (Grand Forks) for the student loan fund.

    Expenses $11,995 · Grants $11,995

  • Expenses $5,998 · Grants $5,998

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nicole Nelson

    Board Member

    Total calculated
    $0
    Hours/week
    0.25

  • Mary Jane Kluge

    Vice President

    Total calculated
    $0
    Hours/week
    0.25

  • Bob McWilliams

    President

    Total calculated
    $0
    Hours/week
    0.25

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2023
IRS schema version
2022v5.0
Source object
202313069349302731

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