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← R STUART MOORE CHARITABLE TRUST FOR THE BENEFIT OF FERRUM COLLEGE

Form 990 for tax year 2023

Filed by R STUART MOORE CHARITABLE TRUST FOR THE BENEFIT OF FERRUM COLLEGE.

Totals

Total revenue
$628,336
Total expenses
$804,533
Contributions and grants received
$0
Grants paid
$711,156
Program service revenue
$0
Investment income
$628,336
Other revenue
$0
Total assets, end of year
$10,981,552
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,981,552
Program services expenses (Part IX)
$735,563
Management and general expenses
$68,970
Fundraising expenses
$0
Program service expenses (Part III)
$735,563

Program services were 91.4% 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 $332,361 · excluded $332,361

  • 7a · Gross sales of assets other than inventory

    securities $3,896,646

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

    securities $3,600,671

  • 7c · Gain or loss

    securities $295,975

  • 7d · Net gain or loss

    total $295,975 · excluded $295,975

  • 11a · Other revenue: MISC GAIN ON TRADING ERROR

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $711,156 · program services $711,156

  • 5 · Compensation of officers, directors and key employees

    total $48,814 · program services $24,407 · management and general $24,407

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11f · Fees: investment management

    total $36,223 · management and general $36,223

  • 24a · Other expenses: FOREIGN TAX WITHHELD

    total $6,840 · management and general $6,840

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $153,109 · end of year $202,958

  • 11 · Investments: publicly traded securities

    beginning of year $11,028,545 · end of year $10,778,594

  • 29 · Capital stock, trust principal or current funds

    beginning of year $11,181,654 · end of year $10,981,552

Mission and programs · 2023

Mission

TO SUPPORT THE CHARITABLE PURPOSE OF FERRUM COLLEGE, THROUGH THE ESTABLISHMENT OF SCHOLARSHIPS, AS WELL AS ASSISTIG IN NECESSARY REPAIRS TO COLLEGE BUILDINGS AND PAYING IN WHOLE OR PART OF THE PRESIDENTS SALARY.

  • SUPPORT PROVIDED UNDER THE TRUST AGREEMENT TO FERRUM COLLEGE

    Expenses $735,563 · Grants $711,156

As filed on the 2023 return.

Listed in Part VII

  • DOUGLAS B LANE

    CO-TRUSTEE

    Total calculated
    $20,117
    From this org
    $20,117
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • FERRUM COLLEGE

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TRUIST BANK

    TRUSTEE

    Total calculated
    $28,697
    From this org
    $28,697
    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
2023
Filed
31 July 2024
IRS schema version
2023v5.1
Source object
202402139349300935

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