Skip to content
Nonprofiteer
← JOHN GEORGE JR PARAGRAPH X TRUST

Form 990 for tax year 2024

Filed by JOHN GEORGE JR PARAGRAPH X TRUST.

Totals

Total revenue
$2,362,301
Total expenses
$2,024,029
Contributions and grants received
$0
Grants paid
$1,537,923
Program service revenue
$253,684
Investment income
$2,100,898
Other revenue
$7,719
Total assets, end of year
$25,325,233
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,325,233
Program services expenses (Part IX)
$1,832,974
Management and general expenses
$191,055
Fundraising expenses
$0
Program service expenses (Part III)
$3,111,173

Program services were 90.6% 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.

  • 2a · Program service revenue: STUDENT LOAN INTEREST

    total $253,684 · related or exempt $253,684

  • 3 · Investment income

    total $652,892 · excluded $652,892

  • 7a · Gross sales of assets other than inventory

    securities $3,852,503 · other assets $177,590

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

    securities $2,582,087

  • 7c · Gain or loss

    securities $1,270,416 · other assets $177,590

  • 7d · Net gain or loss

    total $1,448,006 · related or exempt $1,448,006

  • 11a · Other revenue: COLLECTION REVENUE

    total $7,719 · related or exempt $7,719

  • 11e · Other revenue, total

    $7,719

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,537,923 · program services $1,537,923

  • 5 · Compensation of officers, directors and key employees

    total $132,000 · program services $132,000 · management and general $0

  • 11a · Fees: management

    total $104,920 · program services $104,920

  • 11b · Fees: legal

    total $24,854 · management and general $24,854

  • 11c · Fees: accounting

    total $2,075 · management and general $2,075

  • 11f · Fees: investment management

    total $140,351 · management and general $140,351

  • 13 · Office expenses

    total $47,782 · program services $47,782

  • 16 · Occupancy

    total $4,700 · management and general $4,700

  • 24e · All other expenses

    total $29,424 · program services $10,349 · management and general $19,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,546 · end of year $831

  • 2 · Savings and temporary cash investments

    beginning of year $979,463 · end of year $3,891,993

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

    $6,518

  • 10c · Land, buildings and equipment, net

    beginning of year $6,518 · end of year $6,518

  • 11 · Investments: publicly traded securities

    beginning of year $10,792,263 · end of year $9,410,266

  • 15 · Other assets

    beginning of year $13,200,039 · end of year $12,015,625

  • 29 · Capital stock, trust principal or current funds

    beginning of year $16,563,387 · end of year $16,563,387

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,416,442 · end of year $8,761,846

Mission and programs · 2024

Mission

TO PROVIDE LOW COST COLLEGE LOANS TO STUDENTS FROM JACKSON AREA HIGH SCHOOLS.

  • TO AWARD LOW COST COLLEGE LOANS TO STUDENTS FROM JACKSON AREA HIGH SCHOOLS.

    Expenses $1,441,250 · Revenue $253,684

  • TO PROVIDE GRANTS TO ORGANIZATIONS LOCATED IN THE JACKSON AREA THAT PROVIDE EDUCATIONAL PROGRAMS FOR CHILDREN IN JACKSON COUNTY.

    Expenses $1,537,923 · Grants $1,537,923

  • Expenses $132,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John S Kane

    TRUSTEE

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Barbarageismanmeyers

    TRUSTEE

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Edwin Payne

    TRUSTEE

    Total calculated
    $44,000
    From this org
    $44,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Comerica Bank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202513049349303201

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.