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Nonprofiteer
← STAR ISLAND PERMANENT TR FUND

Form 990 for tax year 2022

Filed by STAR ISLAND PERMANENT TR FUND.

Totals

Total revenue
$319,697
Total expenses
$253,903
Contributions and grants received
$138,026
Grants paid
$212,429
Program service revenue
$0
Investment income
$181,671
Other revenue
$0
Total assets, end of year
$4,996,511
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,996,511
Program services expenses (Part IX)
$212,429
Management and general expenses
$41,474
Fundraising expenses
$0
Program service expenses (Part III)
$212,429

Program services were 83.7% 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.

  • 1f · All other contributions, gifts and grants

    $138,026

  • 3 · Investment income

    total $130,871 · excluded $130,871

  • 7a · Gross sales of assets other than inventory

    securities $776,936

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

    securities $726,136

  • 7c · Gain or loss

    securities $50,800

  • 7d · Net gain or loss

    total $50,800 · excluded $50,800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $212,429 · program services $212,429

  • 11f · Fees: investment management

    total $41,474 · management and general $41,474

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $387,770 · end of year $204,677

  • 4 · Accounts receivable

    beginning of year $45,251 · end of year $73,624

  • 11 · Investments: publicly traded securities

    beginning of year $5,221,207 · end of year $4,718,210

  • 27 · Net assets without donor restrictions

    beginning of year $5,604,967 · end of year $4,950,763

  • 28 · Net assets with donor restrictions

    beginning of year $49,261 · end of year $45,748

Mission and programs · 2022

Mission

The Star Island Permanent Trust Fund holds and manages endowment assets for the Star Island Corporation, a 501(c)(3) exempt organization. The Trust pays income annually to the Corporation to subsidize its program of religious and educational conferences.

Activities or mission (Part I)

To hold and manage endowment assets for the Star Island Corp., a 501(c)(3) organization.

  • The Star Island Permanent Trust Fund distributed $ 212,429 of its assets to the Star Island Corporation during 2022. This distribution subsidized the general operating expenses of the Star Island Corporation, which organizes conferences and related activities for religious, educational, and kindred purposes consistent with the principles of the Unitarian Universalist Association and the United Church of Christ. Other than this distribution, the Star Island Permanent Trust Fund had no other program service activities during 2022.

    Expenses $212,429 · Grants $212,429

As filed on the 2022 return.

Listed in Part VII

  • David Yermack

    Chairman

    Total calculated
    $0
    Hours/week
    0.3

  • Elizabeth Erickson

    Trustee

    Total calculated
    $0
    Hours/week
    0.2 + 2 related

  • Edmund Jones

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Kathy Lord

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Bill Peterson

    Trustee

    Total calculated
    $0
    Hours/week
    0.2

  • Nick Dembsey

    Past Trustee

    Total calculated
    $0
    Hours/week
    0.2

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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2023
IRS schema version
2022v5.0
Source object
202300989349300510

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