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← PATRICIA V DAMON MERIT SCHOLARSHIP FUND FOR THE BENEFIT OF CARLETON

Form 990 for tax year 2025

Filed by PATRICIA V DAMON MERIT SCHOLARSHIP FUND FOR THE BENEFIT OF CARLETON.

Totals

Total revenue
$372,390
Total expenses
$161,936
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$372,390
Other revenue
$0
Total assets, end of year
$4,132,716
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,132,716
Program services expenses (Part IX)
$126,700
Management and general expenses
$35,236
Fundraising expenses
$0
Program service expenses (Part III)
$126,700

Program services were 78.2% 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 $133,753 · related or exempt $133,753

  • 7a · Gross sales of assets other than inventory

    securities $1,470,670

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

    securities $1,232,033

  • 7c · Gain or loss

    securities $238,637

  • 7d · Net gain or loss

    total $238,637 · related or exempt $238,637

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $30,576 · management and general $30,576

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 11f · Fees: investment management

    total $2,633 · management and general $2,633

  • 11g · Fees: other

    total $126,700 · program services $126,700

  • 24e · All other expenses

    total $27 · management and general $27

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $116,043 · end of year $73,364

  • 11 · Investments: publicly traded securities

    beginning of year $3,816,149 · end of year $4,059,352

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,932,192 · end of year $4,132,716

Mission and programs · 2025

Mission

PROVIDE MERIT SCHOLARSHIP FUNDS FOR UNDERGRADUATE STUDENTS AT CARLETON COLLEGE, NORTHFIELD, MN

  • PROVIDE MERIT SCHOLARSHIP FUNDS FOR UNDERGRADUATE STUDENTS AT CARLETON COLLEGE, NORTHFIELD, MN

    Expenses $126,700 · Grants $126,700

As filed on the 2025 return.

Listed in Part VII

  • George Parke III

    DISTRIBUTION COMMITTEE MEMBER

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0

  • Dean Of Student Affairs Carleton

    DISTRIBUTION COMMITTEE MEMBER

    Total calculated
    $0

  • Trust Point Inc

    TRUSTEE

    Total calculated
    $25,576
    From this org
    $25,576
    From related orgs
    $0
    Other
    $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

No itemized grants to organizations 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
2025
Filed
21 April 2026
IRS schema version
2025v4.0
Source object
202621119349300307

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