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← GARLAND MEMORIAL FUND

Form 990 for tax year 2023

Filed by GARLAND MEMORIAL FUND.

Totals

Total revenue
$66,240
Total expenses
$69,926
Contributions and grants received
$0
Grants paid
$50,000
Program service revenue
$0
Investment income
$66,240
Other revenue
$0
Total assets, end of year
$1,371,978
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,371,978
Program services expenses (Part IX)
$60,646
Management and general expenses
$9,280
Fundraising expenses
$0
Program service expenses (Part III)
$60,646

Program services were 86.7% 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 $32,421 · excluded $32,421

  • 7a · Gross sales of assets other than inventory

    securities $1,006,947

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

    securities $973,128

  • 7c · Gain or loss

    securities $33,819

  • 7d · Net gain or loss

    total $33,819 · excluded $33,819

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 11c · Fees: accounting

    total $3,250 · program services $1,625 · management and general $1,625

  • 11f · Fees: investment management

    total $16,641 · program services $8,986 · management and general $7,655

  • 24a · Other expenses: MA Form PC filing fees

    total $35 · program services $35

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $36,483 · end of year $55,602

  • 11 · Investments: publicly traded securities

    beginning of year $1,212,497 · end of year $1,316,376

  • 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 $1,248,980 · end of year $1,371,978

Mission and programs · 2023

Mission

The Garland Fund will be used or applied in some suitable and convenient manner for the benefit of charitable schools for children in the kindergarten system in connection with the Elizabeth Peabody House Association, Inc.

Activities or mission (Part I)

Grants to the Elizabeth Peabody House Association, Inc.

  • The Garland Fund will be used or applied in some suitable and convenient manner for the benefit of charitable schools for children in the kindergarten system in connection with the Elizabeth Peabody House Association, Inc.

    Expenses $60,646 · Grants $50,000

As filed on the 2023 return.

Listed in Part VII

  • Charles Cheever

    Trustee

    Total calculated
    $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
2023
Filed
20 March 2024
IRS schema version
2023v5.0
Source object
202410809349300541

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