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Nonprofiteer
← JOE & VIRGINIA BANKS MEMORIAL TRUST

Form 990 for tax year 2024

Filed by JOE & VIRGINIA BANKS MEMORIAL TRUST.

Totals

Total revenue
$72,617
Total expenses
$60,285
Contributions and grants received
$0
Grants paid
$49,455
Program service revenue
$0
Investment income
$34,540
Other revenue
$38,077
Total assets, end of year
$949,827
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$949,827
Program services expenses (Part IX)
$49,455
Management and general expenses
$10,830
Fundraising expenses
$0
Program service expenses (Part III)
$49,455

Program services were 82.0% 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 $22,252 · excluded $22,252

  • 5 · Royalties

    total $38,077 · excluded $38,077

  • 7a · Gross sales of assets other than inventory

    securities $33,345

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

    securities $21,057

  • 7c · Gain or loss

    securities $12,288

  • 7d · Net gain or loss

    total $12,288 · related or exempt $12,288

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,455 · program services $49,455

  • 11c · Fees: accounting

    total $3,398 · management and general $3,398

  • 11g · Fees: other

    total $7,033 · management and general $7,033

  • 24a · Other expenses: OKLAHOMA INCOME TAX

    total $390 · management and general $390

  • 24b · Other expenses: REAL ESTATE TAXES

    total $9 · management and general $9

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $85,742 · end of year $20,852

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

    $5,100

  • 10c · Land, buildings and equipment, net

    beginning of year $5,100 · end of year $5,100

  • 11 · Investments: publicly traded securities

    beginning of year $445,424 · end of year $601,591

  • 15 · Other assets

    beginning of year $322,284 · end of year $322,284

  • 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 $858,550 · end of year $949,827

Mission and programs · 2024

Mission

TRUST WITH CHARITABLE BENEFICIARY

  • GRANTS TO MERCY MEMORIAL HEALTH CENTER OF SOUTHERN OKLAHOMA, A HEALTH CARE FACILITY.

    Expenses $49,455 · Grants $49,455

  • N/A

  • N/A

As filed on the 2024 return.

Listed in Part VII

  • Bancfirst

    TRUSTEE

    Total calculated
    $7,033
    From this org
    $7,033
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

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
20 March 2025
IRS schema version
2024v5.0
Source object
202530869349301718

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