Totals
- Total revenue
- $717,847
- Total expenses
- $1,023,909
- Contributions and grants received
- $0
- Grants paid
- $985,555
- Program service revenue
- $0
- Investment income
- $724,075
- Other revenue
- -$6,228
- Total assets, end of year
- $12,438,392
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $12,438,392
- Program services expenses (Part IX)
- $985,555
- Management and general expenses
- $38,354
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $985,555
Program services were 96.3% 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 $420,741 · excluded $420,741
-
7a · Gross sales of assets other than inventory
securities $3,251,501
-
7b · Less cost or other basis and sales expenses
securities $2,948,167
-
7c · Gain or loss
securities $303,334
-
7d · Net gain or loss
total $303,334 · excluded $303,334
-
11d · All other revenue
total -$6,228 · excluded -$6,228
-
11e · Other revenue, total
-$6,228
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $985,555 · program services $985,555
-
7 · Other salaries and wages
total $1,000 · management and general $1,000
-
11b · Fees: legal
total $8,978 · management and general $8,978
-
11c · Fees: accounting
total $1,050 · management and general $1,050
-
11f · Fees: investment management
total $23,865 · management and general $23,865
-
24a · Other expenses: FOREIGN TAXES
-
24e · All other expenses
total $3,461 · management and general $3,461
Balance sheet
Part X, book values.
-
11 · Investments: publicly traded securities
beginning of year $12,747,674 · end of year $12,438,392
-
29 · Capital stock, trust principal or current funds
beginning of year $12,747,674 · end of year $12,438,392
Mission and programs · 2023
Mission
The F S Libbey Endowment Trust shall support the Toledo Museum of Art. One half towards the purchase of paintings, statuary, furniture and other works of art. The other half for any of its corporate service needs.
-
Grants made to the Toledo Museum of Art should be used toward purposes described in the primary exempt purpose of the trust.
Expenses $985,555 · Grants $985,555
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
William McDonnellWILLIAM MCDONNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Clinton LongneckerCLINTON LONGNECKER
TRUSTEE
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Dennis JohnsonDENNIS JOHNSON
CHAIRMAN AND CEO
- 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
-
$985,555
GENERAL OPERATING
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.
-
TOLEDO MUSEUM OF ART
170(b)(1)(A)(vi) · ART · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 October 2024
- IRS schema version
- 2023v6.0
- Source object
- 202541139349301834
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