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← CHARITY ASSETS TRUST

Form 990 for tax year 2022

Filed by CHARITY ASSETS TRUST.

Totals

Total revenue
$2,565,001
Total expenses
$5,240
Contributions and grants received
$2,565,000
Grants paid
$0
Program service revenue
$0
Investment income
$1
Other revenue
$0
Total assets, end of year
$2,563,244
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,563,244
Program services expenses (Part IX)
$4,865
Management and general expenses
$375
Fundraising expenses
$0
Program service expenses (Part III)
$4,865

Program services were 92.8% 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.

  • 1f · All other contributions, gifts and grants

    $2,565,000

  • 1g · Noncash contributions included above

    $2,565,000

  • 3 · Investment income

    total $1 · excluded $1

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,500 · program services $2,125 · management and general $375

  • 22 · Depreciation, depletion and amortization

    total $2,740 · program services $2,740

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,483 · end of year $984

  • 10a · Land, buildings and equipment: cost or other basis

    $2,565,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,740

  • 10c · Land, buildings and equipment, net

    end of year $2,562,260

  • 27 · Net assets without donor restrictions

    beginning of year $3,483 · end of year $2,563,244

Mission and programs · 2022

Mission

THE TRUST IS ORGANIZED, AND SHALL BE OPERATED, EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, (THE "QUALIFIED PURPOSES") AND FOR THE SUPPORT AND BENEFIT OF, AND TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF IT'S SUPPORTED ORGANIZATIONS.

  • THE TRUST IS ORGANIZED, AND SHALL BE OPERATED, EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, (THE "QUALIFIED PURPOSES") AND FOR THE SUPPORT AND BENEFIT OF, AND TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES OF IT'S SUPPORTED ORGANIZATIONS.

    Expenses $4,865 · Revenue $2,565,000

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

Listed in Part VII

  • BRYAN GREEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202313199349313021

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