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← ELSIE I STOUT AND CLARENCE R STOUT MEMORIAL FOUNDATION

Form 990 for tax year 2023

Filed by ELSIE I STOUT AND CLARENCE R STOUT MEMORIAL FOUNDATION.

Totals

Total revenue
$32,668
Total expenses
$36,806
Contributions and grants received
$1,725
Grants paid
$33,935
Program service revenue
$0
Investment income
$30,943
Other revenue
$0
Total assets, end of year
$1,041,763
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,041,763
Program services expenses (Part IX)
$33,935
Management and general expenses
$2,871
Fundraising expenses
$0
Program service expenses (Part III)
$33,935

Program services were 92.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,725

  • 3 · Investment income

    total $37,762 · excluded $37,762

  • 7a · Gross sales of assets other than inventory

    securities $24,444

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

    securities $31,263

  • 7c · Gain or loss

    securities -$6,819

  • 7d · Net gain or loss

    total -$6,819 · excluded -$6,819

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,935 · program services $33,935

  • 11b · Fees: legal

    total $21 · management and general $21

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 11g · Fees: other

    total $262 · management and general $262

  • 13 · Office expenses

    total $782 · management and general $782

  • 23 · Insurance

    total $791 · management and general $791

  • 24a · Other expenses: REGISTRATIONFEESOTHER

    total $15 · management and general $15

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,669 · end of year $3,881

  • 11 · Investments: publicly traded securities

    beginning of year $1,043,292 · end of year $1,037,882

  • 27 · Net assets without donor restrictions

    beginning of year $1,045,961 · end of year $1,041,763

Mission and programs · 2023

Mission

ORGANIZED PURSUANT TO THE FIRST CODICIL TO THE LAST WILL AND TESTAMENT OF ELSIE I. STOUT TO PROVIDE A CHARITABLE FOUNDATION FOR THE MACKINAW COMMUNITY

  • DURING THE YEAR, PURSUANT TO THE FIRST CODICIL TO THE LAST WILL AND TESTAMENT OF ELSIE I. STOUT, THE FOUNDATION GRANTED FUNDS TO ORGANIZATIONS THAT ARE SUPPORTED ORGANIZATIONS OF THE FOUNDATION. SEE DETAILS AT SCHEDULE R

    Expenses $33,935 · Grants $33,935

As filed on the 2023 return.

Listed in Part VII

  • William J Embry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Wilkins

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Grunert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mark McGrath

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lori Carlson

    PRESIDENT

    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

  • VILLAGE OF MACKINAW

    $15,000

    CHARITABLE

  • MACKINAW TOWNSHIP

    $10,000

    CHARITABLE

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.

  • DEER CREEK-MACKINAW ED FOUNDATION

    501C3 · CHARITABLEEDUCATION · IL

    Directly controlled by NONE

  • VILLAGE OF MACKINAW

    170B1AV · LOCAL GOVT · IL

    Directly controlled by NONE

  • MACKINAW TOWNSHIP

    170B1AV · LOCAL GOVT · IL

    Directly controlled by NONE

  • MACKINAW DISTRICT PUBLIC LIBRARY

    170B1AV · LOCAL GOVT · IL

    Directly controlled by NONE

  • MACKINAW FIRE PROTECTION DISTRICT

    170B1AV · LOCAL GOVT · IL

    Directly controlled by NONE

  • JFL OF CENTRAL IL - DEE-MACK

    501C3 · CHARITABLEYOUTH SPORTS · IL

    Directly controlled by NONE

  • MACKINAW UNITED METHODIST CHURCH

    501C3 · RELIGIOUS · IL

    Directly controlled by NONE

Provenance

Return type
form_990
Tax year
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202432639349301438

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