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← TRUST U/ART 5 O/W/O MARY ALICE FALVEY FBO AMERICAN LUNG ASSOCIATI

Form 990 for tax year 2024

Filed by TRUST U/ART 5 O/W/O MARY ALICE FALVEY FBO AMERICAN LUNG ASSOCIATI.

Totals

Total revenue
$45,600
Total expenses
$40,790
Contributions and grants received
$0
Grants paid
$26,564
Program service revenue
$0
Investment income
$45,600
Other revenue
$0
Total assets, end of year
$1,319,534
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,319,534
Program services expenses (Part IX)
$28,640
Management and general expenses
$12,150
Fundraising expenses
$0
Program service expenses (Part III)
$28,640

Program services were 70.2% 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 $27,517 · excluded $27,517

  • 7a · Gross sales of assets other than inventory

    securities $368,552

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

    securities $350,469

  • 7c · Gain or loss

    securities $18,083

  • 7d · Net gain or loss

    total $18,083 · excluded $18,083

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,564 · program services $26,564

  • 5 · Compensation of officers, directors and key employees

    total $1,704 · program services $852 · management and general $852

  • 11a · Fees: management

    total $2,448 · program services $1,224 · management and general $1,224

  • 11b · Fees: legal

    total $2,876 · management and general $2,876

  • 11c · Fees: accounting

    total $2,450 · management and general $2,450

  • 11f · Fees: investment management

    total $4,340 · management and general $4,340

  • 24a · Other expenses: Foreign taxes withheld

    total $373 · management and general $373

  • 24b · Other expenses: MA Form PC filing fee

    total $35 · management and general $35

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $94,248 · end of year $179,721

  • 11 · Investments: publicly traded securities

    beginning of year $1,017,718 · end of year $857,502

  • 12 · Investments: other securities

    beginning of year $97,770 · end of year $282,311

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,209,736 · end of year $1,319,534

  • 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 · 2024

Mission

Grants to American Lung Association in accordance with the terms of the trust.

  • Grants to American Lung Association whose mission is to save lives by improving lung health and preventing lung disease.

    Expenses $28,640 · Grants $26,564

As filed on the 2024 return.

Listed in Part VII

  • Susan H Rice

    Trustee (end 10/2024)

    Total calculated
    $2,387
    From this org
    $852
    From related orgs
    $1,535
    Other
    $0
    Hours/week
    1 + 2 related

  • Linda D Scotland

    Trustee (end 10/2024)

    Total calculated
    $2,387
    From this org
    $852
    From related orgs
    $1,535
    Other
    $0
    Hours/week
    1 + 2 related

  • Michelle Santiago

    Trustee (start 10/2024)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • John Beliveau

    Trustee (start 10/2024)

    Total calculated
    $0
    Hours/week
    1 + 2 related

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

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
28 March 2025
IRS schema version
2024v5.1
Source object
202510979349300736

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