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← MANCE E & FAY PHILLIPS DRUMMOND ENDOWMENT TRUST

Form 990 for tax year 2023

Filed by MANCE E & FAY PHILLIPS DRUMMOND ENDOWMENT TRUST.

Totals

Total revenue
$70,068
Total expenses
$65,777
Contributions and grants received
$0
Grants paid
$56,311
Program service revenue
$0
Investment income
$70,068
Other revenue
$0
Total assets, end of year
$1,768,612
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,768,612
Program services expenses (Part IX)
$56,311
Management and general expenses
$9,466
Fundraising expenses
$0
Program service expenses (Part III)
$56,311

Program services were 85.6% 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 $45,816 · excluded $45,816

  • 7a · Gross sales of assets other than inventory

    securities $80,867 · other assets $18,404

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

    securities $75,019

  • 7c · Gain or loss

    securities $5,848 · other assets $18,404

  • 7d · Net gain or loss

    total $24,252 · excluded $24,252

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,311 · program services $56,311

  • 7 · Other salaries and wages

    total $6,823 · management and general $6,823

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 24a · Other expenses: BD PREM NONCOVERED

    total $1,803 · management and general $1,803

  • 24b · Other expenses: BOND PREMIUM NON COVERED

    total $90 · management and general $90

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $10

  • 2 · Savings and temporary cash investments

    beginning of year $29,563 · end of year $65,984

  • 11 · Investments: publicly traded securities

    beginning of year $1,729,600 · end of year $1,697,468

  • 15 · Other assets

    beginning of year $5,158 · end of year $5,150

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,764,350

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$29 · end of year $1,768,612

Mission and programs · 2023

Mission

THE TRUST WAS CREATED TO MANAGE AN ENDOWMENT THAT PROVIDES FUNDING TO FOUR CHARITABLE ORGANIZATIONS. DURING THE YEAR, 56311.57 WAS DISTRIBUTED TO THE FOUR CHARITIES.

  • DISTRIBUTED ENDOWMENT EARNINGS TO FOUR CHARITIES AS INSTRUCTED IN THE TRUST INDENTURE

    Expenses $56,311 · Grants $56,311

As filed on the 2023 return.

Listed in Part VII

  • MIKE CARNAHAN

    TRUSTEE

    Total calculated
    $0

  • THOM MCGUIRE

    TRUSTEE

    Total calculated
    $0

  • CITIZENS BANK & TRUST BY ANDREW

    TRUSTEE

    Total calculated
    $0

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
9 February 2024
IRS schema version
2023v4.0
Source object
202430539349301143

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