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← VIRGINIA KIMBROUGH CLARK REESE & THOMAS MATT REESE TRUST

Form 990 for tax year 2023

Filed by VIRGINIA KIMBROUGH CLARK REESE & THOMAS MATT REESE TRUST.

Totals

Total revenue
$1,003,711
Total expenses
$1,306,769
Contributions and grants received
$0
Grants paid
$1,125,020
Program service revenue
$0
Investment income
$1,003,711
Other revenue
$0
Total assets, end of year
$24,339,184
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$24,339,184
Program services expenses (Part IX)
$1,125,020
Management and general expenses
$181,749
Fundraising expenses
$0
Program service expenses (Part III)
$1,125,020

Program services were 86.1% 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 $680,945 · excluded $680,945

  • 7a · Gross sales of assets other than inventory

    securities $3,313,102

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

    securities $2,990,336

  • 7c · Gain or loss

    securities $322,766

  • 7d · Net gain or loss

    total $322,766 · excluded $322,766

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,125,020 · program services $1,125,020

  • 5 · Compensation of officers, directors and key employees

    total $166,822 · management and general $166,822

  • 11c · Fees: accounting

    total $6,525 · management and general $6,525

  • 24a · Other expenses: FOREIGN TAXES WITHHELD

    total $8,171 · management and general $8,171

  • 24b · Other expenses: FOREIGN CONV EXP

    total $231 · management and general $231

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,225,105 · end of year $1,492,177

  • 11 · Investments: publicly traded securities

    beginning of year $14,394,380 · end of year $13,117,027

  • 12 · Investments: other securities

    beginning of year $9,003,974 · end of year $9,708,974

  • 15 · Other assets

    beginning of year $18,783 · end of year $21,006

  • 29 · Capital stock, trust principal or current funds

    beginning of year $24,642,242 · end of year $24,339,184

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE ORGANIZATION'S SOLE MISSION IS TO SUPPORT THE GEORGIA LIONS LIGHTHOUSE FOUNDATION, INC. AND CHILDRENS HEALTHCARE OF ATLANTA, BOTH OF WHICH ARE PUBLICLY SUPPORTED CHARITIES.

Activities or mission (Part I)

TO PROVIDE SUPPORT TO GA LIONS LIGHTHOUSE FOUNDATION,INC. AND CHILDREN'S HEALTHCARE OF ATLANTA.

  • THE ORGANIZATION SUPPORTS THE GEORGIA LIONS LIGHTHOUSE FOUNDATION, INC. AND CHILDREN'S HEALTHCARE OF ATLANTA BY DISTRIBUTING 100% OF ITS DISTRIBUTABLE AMOUNT TO THOSE TWO PUBLIC CHARITIES.

    Expenses $1,125,020 · Grants $1,125,020

As filed on the 2023 return.

Listed in Part VII

  • Synovus Trust Companyna

    TRUSTEE

    Total calculated
    $166,822
    From this org
    $166,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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
10 May 2024
IRS schema version
2023v5.0
Source object
202441359349303934

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