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Nonprofiteer
← RUTH S COWDERY FOUNDATION TR

Form 990 for tax year 2022

Filed by RUTH S COWDERY FOUNDATION TR.

Totals

Total revenue
-$6,497
Total expenses
$118,745
Contributions and grants received
$0
Grants paid
$101,520
Program service revenue
$0
Investment income
-$6,497
Other revenue
$0
Total assets, end of year
$1,708,771
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,708,771
Program services expenses (Part IX)
$101,520
Management and general expenses
$17,225
Fundraising expenses
$0
Program service expenses (Part III)
$101,520

Program services were 85.5% 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 $17,488 · excluded $17,488

  • 7a · Gross sales of assets other than inventory

    securities $80,851

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

    securities $104,836

  • 7c · Gain or loss

    securities -$23,985

  • 7d · Net gain or loss

    total -$23,985 · excluded -$23,985

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $101,520 · program services $101,520

  • 5 · Compensation of officers, directors and key employees

    total $15,975 · management and general $15,975

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 24a · Other expenses: STATE FILING/TAXES PAID

  • 24e · All other expenses

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $36,284 · end of year $35,115

  • 12 · Investments: other securities

    beginning of year $1,797,730 · end of year $1,673,656

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,834,014 · end of year $1,708,771

Mission and programs · 2022

Mission

GRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATED JUNE 2, 1981 .KEYBANK, AS TRUSTEE, MAKES DISTRIBUTIONS AS FOLLOWS:1/3 SHARE TO HIRAM COLLEGE1/3 SHARE TO UH CONNEAUT MEDICAL CENTER 1/3 SHARE PARK STREET CHRISTIAN CHURCH. KEYBANK MAINTAINS RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF EACH BENEFICIARY ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. EACH ORGANIZATION SHALL HAVE THE RIGHT AT ANY TIME TO OFFER ITS INSIGHT OR SUGGESTIONS TO KEYBANK WITH RESPECT TO THE ADMINISTRATION OR INVESTMENTS OF THE TRUST. KEYBANK AGREES TO TAKE DUE CONSIDERATION OF ALL SUGGESTIONS, AND AGREES TO TAKE ALL STEPS NECESSARY TO ENSURE THAT THE ORGANIZATIONS HAVE A SIGNIFICANT VOICE WITH RESPECT TO THE TRUST. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARY HAS CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.

  • GRANTS ARE USED IN SUPPORT OF HIRAM COLLEGE'S EXEMPT PURPOSE AND ATTAINMENT OF ITS MISSION.

    Expenses $33,840 · Grants $33,840

  • GRANTS ARE USED IN SUPPORT OF UH CONNEAUT MEDICAL CENTER'S EXEMPT PURPOSE AND ATTAINMENT OF ITS MISSION.

    Expenses $33,840 · Grants $33,840

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $33,840 · Grants $33,840

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Keybank Na

    TRUSTEE

    Total calculated
    $15,975
    From this org
    $15,975
    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.

Grants 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
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202301289349302735

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