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← H FLETCHER BROWN TRUST U/W FBO LINCOLN MEMORIAL UNIVERSITY 3374

Form 990 for tax year 2023

Filed by H FLETCHER BROWN TRUST U/W FBO LINCOLN MEMORIAL UNIVERSITY 3374.

Totals

Total revenue
$140,782
Total expenses
$125,056
Contributions and grants received
$0
Grants paid
$80,740
Program service revenue
$0
Investment income
$140,782
Other revenue
$0
Total assets, end of year
$2,384,467
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,384,467
Program services expenses (Part IX)
$80,740
Management and general expenses
$44,316
Fundraising expenses
$0
Program service expenses (Part III)
$124,621

Program services were 64.6% 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 $72,431 · excluded $72,431

  • 7a · Gross sales of assets other than inventory

    securities $588,865

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

    securities $520,514

  • 7c · Gain or loss

    securities $68,351

  • 7d · Net gain or loss

    total $68,351

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $80,740 · program services $80,740

  • 5 · Compensation of officers, directors and key employees

    total $27,442 · management and general $27,442

  • 11f · Fees: investment management

    total $15,770 · management and general $15,770

  • 11g · Fees: other

    total $0 · management and general $0

  • 24e · All other expenses

    total $1,104 · management and general $1,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $112,614 · end of year $25,701

  • 11 · Investments: publicly traded securities

    beginning of year $2,255,642 · end of year $2,358,766

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,794,237 · end of year $2,384,467

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$425,981

Mission and programs · 2023

Mission

THE ORGANIZATIONS PRIMARY MISSION IS TO FULFILL THE WILL OF H F BROWN, TO PAY OVER INCOME, IN CONVENIENT INSTALLMENTS TO THE LINCOLN MEMORIAL UNIVERSITY

  • FINANCIAL ASSISTANCE TO LINCOLN MEMORIAL UNIVERSITY

    Expenses $124,621 · Grants $80,740

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

Listed in Part VII

  • Wilmingtontrustcompany

    TRUSTEE

    Total calculated
    $27,442
    From this org
    $27,442
    From related orgs
    $0
    Other
    $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

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202520369349301562

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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