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← BIRMINGHAM-SOUTHERN COLLEGE THOMAS E JERNIGAN SCHOLARSHIP ENDOWMENT F

Form 990 for tax year 2023

Filed by BIRMINGHAM-SOUTHERN COLLEGE THOMAS E JERNIGAN SCHOLARSHIP ENDOWMENT F.

Totals

Total revenue
$301,817
Total expenses
$52,871
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$301,817
Other revenue
$0
Total assets, end of year
$6,838,083
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,838,083
Program services expenses (Part IX)
$7,873
Management and general expenses
$44,998
Fundraising expenses
$0
Program service expenses (Part III)
$7,873

Program services were 14.9% 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 $105,434 · excluded $105,434

  • 7a · Gross sales of assets other than inventory

    securities $2,026,240

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

    securities $1,829,857

  • 7c · Gain or loss

    securities $196,383

  • 7d · Net gain or loss

    total $196,383 · excluded $196,383

  • 11a · Other revenue: Boston Prop - Deferred Income

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $39,365 · program services $7,873 · management and general $31,492

  • 11a · Fees: management

    total $8,271 · management and general $8,271

  • 11b · Fees: legal

    total $2,348 · management and general $2,348

  • 24a · Other expenses: foreign taxes paid

    total $2,258 · management and general $2,258

  • 24b · Other expenses: ADR service fees

    total $629 · management and general $629

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $192,266 · end of year $474,677

  • 11 · Investments: publicly traded securities

    beginning of year $6,398,776 · end of year $6,363,406

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,591,042 · end of year $6,838,083

Mission and programs · 2023

Mission

A supporting organization established to support Birmingham Southern College.

  • THE TRUST SHALL DISTRIBUTE INCOME TO BIRMINGHAM SOUTHERN COLLEGE,THE SUPPORTED ORGANIZATION, TO AWARD AND ADMINISTER SCHOLARSHIPS PURSUANT TO THE JERNIGAN SCHOLARSHIP AGREEMENT.

    Expenses $7,873

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pnc Bank N A

    TRUSTEE

    Total calculated
    $39,365
    From this org
    $39,365
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

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
2023
Filed
17 April 2024
IRS schema version
2023v5.0
Source object
202441169349302149

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