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← BURRIDGE D BUTLER MEMORIAL TR OF CHICAGO

Form 990 for tax year 2024

Filed by BURRIDGE D BUTLER MEMORIAL TR OF CHICAGO.

Totals

Total revenue
$4,270,034
Total expenses
$2,640,127
Contributions and grants received
$0
Grants paid
$2,121,472
Program service revenue
$0
Investment income
$4,270,034
Other revenue
$0
Total assets, end of year
$46,970,230
Total liabilities, end of year
$123,087
Net assets or fund balances, end of year
$46,847,143
Program services expenses (Part IX)
$2,121,472
Management and general expenses
$518,655
Fundraising expenses
$0
Program service expenses (Part III)
$2,121,472

Program services were 80.4% 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 $1,999,897 · excluded $1,999,897

  • 7a · Gross sales of assets other than inventory

    securities $9,240,164

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

    securities $6,970,027

  • 7c · Gain or loss

    securities $2,270,137

  • 7d · Net gain or loss

    total $2,270,137 · excluded $2,270,137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,121,472 · program services $2,121,472

  • 5 · Compensation of officers, directors and key employees

    total $122,515 · management and general $122,515

  • 11b · Fees: legal

    total $272 · management and general $272

  • 11c · Fees: accounting

    total $48,010 · management and general $48,010

  • 11f · Fees: investment management

    total $339,922 · management and general $339,922

  • 24e · All other expenses

    total $7,936 · management and general $7,936

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,078,581 · end of year $1,129,805

  • 11 · Investments: publicly traded securities

    beginning of year $32,578,651 · end of year $30,611,215

  • 12 · Investments: other securities

    beginning of year $12,291,250 · end of year $15,229,210

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,703 · end of year $123,087

  • 28 · Net assets with donor restrictions

    beginning of year $45,818,779 · end of year $46,847,143

Mission and programs · 2024

Mission

THE BURRIDGE D. BUTLER MEMORIAL TRUST OF CHICAGO IS A TAX-EXEMPT TRUST CREATED IN 1951 UNDER THE LAST WILL AND TESTAMENT OF BURRIDGE D. BUTLER. THE TRUST IS DEVOTED TO CHARITABLE AND EDUCATIONAL PURPOSES AND IS A TYPE III NON-FUNCTIONALLY INTERGRATED (SEE SCHEDULE O) SUPPORTING ORGANIZATION TO THE CHICAGO COMMUNITY TRUST. THE TRUST IS A TOTAL RETURN TRUST. THE DISTRIBUTIONS TO THE CHICAGO COMMUNITY TRUST ARE COMPUTED IN AN AMOUNT EQUAL TO FIVE PERCENT ON A MOVING THREE YEAR AVERAGE OF THE NET FAIR MARKET VALUE OF THE TRUST'S ASSETS FOR EACH OF THE THREE YEARS PRECEDING THE YEAR OF THE CURRENT YEAR DISTRIBUTION BASED ON A FISCAL YEAR.

Activities or mission (Part I)

THE BURRIDGE D. BUTLER MEMORIAL TRUST OF CHICAGO IS A TAX-EXEMPT TRUST CREATED IN (SEE SCHEDULE O) 1951 UNDER THE LAST WILL AND TESTAMENT OF BURRIDGE D. BUTLER. THE TRUST IS DEVOTED TO CHARITABLE AND EDUCATIONAL PURPOSES AND IS A TYPE III NON-FUNCTIONALLY INTERGRATED SUPPORTING ORGANIZATION TO THE CHICAGO COMMUNITY TRUST. THE TRUST IS A TOTAL RETURN TRUST. THE DISTRIBUTIONS TO THE CHICAGO COMMUNITY TRUST ARE COMPUTED IN AN AMOUNT EQUAL TO FIVE PERCENT ON A MOVING THREE YEAR AVERAGE OF THE NET FAIR MARKET VALUE OF THE TRUST'S ASSETS FOR EACH OF THE THREE YEARS PRECEDING THE YEAR OF THE CURRENT YEAR DISTRIBUTION BASED ON A FISCAL YEAR.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,121,472 · Grants $2,121,472

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • PATRICIA MICHAEL

    TRUSTEE

    Total calculated
    $21,912
    From this org
    $21,912
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MARK COOK

    TRUSTEE

    Total calculated
    $21,912
    From this org
    $21,912
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • RICHARD C JOHNSON

    TRUSTEE

    Total calculated
    $21,912
    From this org
    $21,912
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • CARL ALBRECHT

    SECRETARY

    Total calculated
    $28,485
    From this org
    $28,485
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JEFFREY E KINTZLER

    CHAIRMAN

    Total calculated
    $32,320
    From this org
    $32,320
    From related orgs
    $0
    Other
    $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

Provenance

Return type
form_990
Tax year
2024
Filed
10 February 2026
IRS schema version
2024v5.5
Source object
202630419349301213

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