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← THE LUESTER T MERTZ LEGACY TRUST FOR THE JOYCE THEATER FOUNDATION

Form 990 for tax year 2023

Filed by THE LUESTER T MERTZ LEGACY TRUST FOR THE JOYCE THEATER FOUNDATION.

Totals

Total revenue
$102,868
Total expenses
$3,387,238
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$5,206
Other revenue
$97,662
Total assets, end of year
$6,557,324
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,557,324
Program services expenses (Part IX)
$0
Management and general expenses
$3,387,238
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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 $5,206 · excluded $5,206

  • 11a · Other revenue: OTHER LLC HOLDING INCO

    total $76,953 · excluded $76,953

  • 11b · Other revenue: REFUND UBI TAXES

    total $20,709 · excluded $20,709

  • 11e · Other revenue, total

    $97,662

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,300 · management and general $6,300

  • 11g · Fees: other

    total $10,000 · management and general $10,000

  • 24a · Other expenses: LOSS -HOLDING IN LLC

    total $3,370,438 · management and general $3,370,438

  • 24b · Other expenses: STATE UNRELATED BUS TAX

    total $250 · management and general $250

  • 24c · Other expenses: FILING FEES

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $104,116 · end of year $113,231

  • 12 · Investments: other securities

    beginning of year $9,749,705 · end of year $6,444,093

  • 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 $9,853,821 · end of year $6,557,324

Mission and programs · 2023

Mission

THE ORGANIZATION IS A DELAWARE CHARITABLE TRUST OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATION, THE JOYCE THEATER FOUNDATION ,A NEW YORK NOT-FOR-PROFIT CORPORATION RECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE.

Activities or mission (Part I)

THE ORGANIZATION IS A DELAWARE CHARITABLE TRUST OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATION, THE JOYCE THEATER FOUNDATION, A NEW YORK NOT-FOR-PROFIT CORPORATIONRECOGNIZED AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, SECTIONS 509(A) (1) AND 170(B)(1)(A)(VI) OF THE CODE.

  • CONTRIBUTIONS WILL BE PAID TO THE SUPPORTED ORGANIZATION NAMED IN THE TRUST'S GOVERNNG INSTRUMENT.

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

Listed in Part VII

  • HAROLD WILLIAM LOW

    TRUSTEES

    Total calculated
    $0
    Hours/week
    1

  • LINDA SHELTON

    TRUSTEES

    Total calculated
    $886,257
    From this org
    $0
    From related orgs
    $840,651
    Other
    $45,606
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $440,651 related
    Bonus
    $0 + $400,000 related
    Other
    $0
    Deferred
    $0 + $30,984 related
    Nontaxable benefits
    $0 + $14,622 related
    Filer's total
    $0 + $886,257 related

  • FIRST REPUBLIC TRUST CO OF DELAWARE L

    TRUSTEES

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
15 May 2024
IRS schema version
2023v5.0
Source object
202411519349300126

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