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Nonprofiteer
← SHELDON SWOPE TRUST

Form 990 for tax year 2022

Filed by SHELDON SWOPE TRUST.

Totals

Total revenue
$12,930
Total expenses
$77,716
Contributions and grants received
$0
Grants paid
$32,785
Program service revenue
$0
Investment income
$12,930
Other revenue
$0
Total assets, end of year
$1,198,097
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,198,097
Program services expenses (Part IX)
$62,466
Management and general expenses
$15,250
Fundraising expenses
$0
Program service expenses (Part III)
$62,466

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 $12,181 · related or exempt $12,181

  • 7a · Gross sales of assets other than inventory

    securities $181,804

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

    securities $181,055

  • 7c · Gain or loss

    securities $749

  • 7d · Net gain or loss

    total $749 · related or exempt $749

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,785 · program services $32,785

  • 5 · Compensation of officers, directors and key employees

    total $13,064 · management and general $13,064

  • 11c · Fees: accounting

    total $475 · management and general $475

  • 22 · Depreciation, depletion and amortization

    total $14,555 · program services $14,555

  • 23 · Insurance

    total $15,126 · program services $15,126

  • 24a · Other expenses: Appraisal

    total $1,500 · management and general $1,500

  • 24b · Other expenses: Publication Fees

    total $140 · management and general $140

  • 24c · Other expenses: Foreign Tax Withheld

    total $69 · management and general $69

  • 24d · Other expenses: ADR Fees

    total $2 · management and general $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259 · end of year $330

  • 2 · Savings and temporary cash investments

    beginning of year $60,050 · end of year $42,272

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

    $763,884

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

    $300,818

  • 10c · Land, buildings and equipment, net

    beginning of year $477,621 · end of year $463,066

  • 11 · Investments: publicly traded securities

    beginning of year $919,565 · end of year $692,429

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $1,457,495 · end of year $1,198,097

Mission and programs · 2022

Mission

The trust was established to provide support to the Sheldon Swope Art Museum in Terre Haute, Indiana.

Activities or mission (Part I)

The Trust was established to provide support to the Sheldon Swope Art Museum in Terre Haute, IN.

  • The trust was established to provide support to the Sheldon Swope Art Museum in Terre Haute, Indiana. Support includes quarterly distributions of the Trust's net income and payment of certain expenses for the museum facility.

    Expenses $62,466 · Grants $32,785

As filed on the 2022 return.

Listed in Part VII

  • First Financial Bank NA

    Trustee

    Total calculated
    $13,064
    From this org
    $13,064
    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

  • Sheldon Swope Art Museum

    $32,785

    To provide support for certain expenses of the museum facility.

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
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202311319349304061

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