Skip to content
Nonprofiteer
← WALTER S CARPENTER JR TRUST FBO DELAWARE ACADEMY OF MEDICINE

Form 990 for tax year 2022

Filed by WALTER S CARPENTER JR TRUST FBO DELAWARE ACADEMY OF MEDICINE.

Totals

Total revenue
$6,319
Total expenses
$15,776
Contributions and grants received
$0
Grants paid
$12,000
Program service revenue
$3,323
Investment income
$2,996
Other revenue
$0
Total assets, end of year
$491,072
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$491,072
Program services expenses (Part IX)
$12,000
Management and general expenses
$3,776
Fundraising expenses
$0
Program service expenses (Part III)
$12,000

Program services were 76.1% 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.

  • 2a · Program service revenue: Student loan program

    total $3,323 · related or exempt $3,323

  • 3 · Investment income

    total $2,996 · excluded $2,996

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 5 · Compensation of officers, directors and key employees

    total $2,726 · management and general $2,726

  • 11c · Fees: accounting

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,752 · end of year $76,295

  • 7 · Other notes and loans receivable

    beginning of year $312,318 · end of year $323,308

  • 11 · Investments: publicly traded securities

    beginning of year $104,905 · end of year $91,469

  • 28 · Net assets with donor restrictions

    beginning of year $502,975 · end of year $491,072

Mission and programs · 2022

Mission

The charitable trust was established to financially assist the Delaware Academy of Medicine, Inc.

  • To financially support the programs, including the student loan program, of the Delaware Academy of Medicine, Inc. Student loan interest earned is used to further the student loan program.

    Expenses $12,000 · Grants $12,000 · Revenue $3,323

As filed on the 2022 return.

Listed in Part VII

  • Brown Advisory

    Trustee

    Total calculated
    $2,726
    From this org
    $2,726
    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
8 August 2023
IRS schema version
2022v5.0
Source object
202322209349300042

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.