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Nonprofiteer
← RALPH W SEARIGHT EDUCATIONAL TR FUND

Form 990 for tax year 2024

Filed by RALPH W SEARIGHT EDUCATIONAL TR FUND.

Totals

Total revenue
$748,123
Total expenses
$593,999
Contributions and grants received
$0
Grants paid
$455,227
Program service revenue
$0
Investment income
$748,123
Other revenue
$0
Total assets, end of year
$8,244,281
Total liabilities, end of year
$44,248
Net assets or fund balances, end of year
$8,200,033
Program services expenses (Part IX)
$474,111
Management and general expenses
$119,888
Fundraising expenses
$0
Program service expenses (Part III)
$474,111

Program services were 79.8% 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 $228,439 · excluded $228,439

  • 7a · Gross sales of assets other than inventory

    securities $3,292,264

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

    securities $2,772,580

  • 7c · Gain or loss

    securities $519,684

  • 7d · Net gain or loss

    total $519,684 · excluded $519,684

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $455,227 · program services $455,227

  • 11c · Fees: accounting

    total $26,452 · management and general $26,452

  • 11f · Fees: investment management

    total $91,802 · management and general $91,802

  • 12 · Advertising and promotion

    total $8,600 · program services $8,600

  • 13 · Office expenses

    total $1,634 · management and general $1,634

  • 24a · Other expenses: SCHOLARSHIP RECEPTION

    total $10,284 · program services $10,284

Balance sheet

Part X, book values.

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,310 · end of year $18,310

  • 11 · Investments: publicly traded securities

    beginning of year $7,832,097 · end of year $8,225,971

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,994 · end of year $44,248

  • 27 · Net assets without donor restrictions

    beginning of year $7,821,413 · end of year $8,200,033

Mission and programs · 2024

Mission

TO PROVIDE SCHOLARSHIPS FOR CHILDREN OF MEMBERS OF THE MASONIC LODGES IN THE STATE OF INDIANA.

  • TO PROVIDE SCHOLARSHIPS FOR CHILDREN OF MEMBERS OF THE MASONIC LODGE IN THE STATE OF INDIANA TO USE FOR SECONDARY EDUCATION. IN 2024, THERE WERE 430 RECIPIENTS OF THE SCHOLARSHIP.

    Expenses $474,111 · Grants $455,227

As filed on the 2024 return.

Listed in Part VII

  • Grand Lodge Scholarship Board

    TRUSTEE

    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

No itemized grants to organizations 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
2024
Filed
8 July 2025
IRS schema version
2024v5.2
Source object
202521979349301007

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