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Nonprofiteer
← LIVING STONES FOUNDATION CHARITABLE TR

Form 990 for tax year 2022

Filed by LIVING STONES FOUNDATION CHARITABLE TR.

Totals

Total revenue
$943,443
Total expenses
$1,517,461
Contributions and grants received
$4,720
Grants paid
$1,285,000
Program service revenue
$0
Investment income
$449,967
Other revenue
$488,756
Total assets, end of year
$25,474,034
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,474,034
Program services expenses (Part IX)
$1,285,000
Management and general expenses
$232,461
Fundraising expenses
$0
Program service expenses (Part III)
$1,285,000

Program services were 84.7% 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.

  • 1f · All other contributions, gifts and grants

    $4,720

  • 3 · Investment income

    total $851,211 · excluded $851,211

  • 7a · Gross sales of assets other than inventory

    securities $1,201,012

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

    securities $1,602,256

  • 7c · Gain or loss

    securities -$401,244

  • 7d · Net gain or loss

    total -$401,244 · excluded -$401,244

  • 11a · Other revenue: INVESTMENT PARTNERSHIP INCOME

    total $483,413 · excluded $483,413

  • 11b · Other revenue: TAX REFUNDS FROM 990-T

    total $5,328 · excluded $5,328

  • 11c · Other revenue: MISC INVESTMENT INC

    total $15 · excluded $15

  • 11e · Other revenue, total

    $488,756

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,225,000 · program services $1,225,000

  • 3 · Grants to foreign organizations and individuals

    total $60,000 · program services $60,000

  • 11c · Fees: accounting

    total $47,489 · management and general $47,489

  • 11f · Fees: investment management

    total $12,510 · management and general $12,510

  • 13 · Office expenses

    total $5,548 · management and general $5,548

  • 14 · Information technology

    total $7,235 · management and general $7,235

  • 16 · Occupancy

    total $137,957 · management and general $137,957

  • 17 · Travel

    total $5,979 · management and general $5,979

  • 19 · Conferences, conventions and meetings

    total $578 · management and general $578

  • 22 · Depreciation, depletion and amortization

    total $9,154 · management and general $9,154

  • 23 · Insurance

    total $1,575 · management and general $1,575

  • 24a · Other expenses: FOREIGN TAX WITHHELD

    total $2,509 · management and general $2,509

  • 24b · Other expenses: MEETING MEALS

    total $1,403 · management and general $1,403

  • 24c · Other expenses: TAXES AND PERMITS

    total $473 · management and general $473

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $49 · management and general $49

  • 24e · All other expenses

    total $2 · management and general $2

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,695 · end of year $317,970

  • 2 · Savings and temporary cash investments

    beginning of year $219,387 · end of year $411,575

  • 7 · Other notes and loans receivable

    end of year $750,000

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

    $112,381

  • 10b · Land, buildings and equipment: accumulated depreciation

    $65,976

  • 10c · Land, buildings and equipment, net

    beginning of year $55,559 · end of year $46,405

  • 12 · Investments: other securities

    beginning of year $26,442,451 · end of year $23,937,587

  • 15 · Other assets

    beginning of year $10,497 · end of year $10,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $816

  • 27 · Net assets without donor restrictions

    beginning of year $26,852,773 · end of year $25,474,034

Mission and programs · 2022

Mission

TO SUPPORT, OR CARRY OUT THE PURPOSES OF, THE CLASS OF 501(C)(3), 509(A)(1), & 509(A)(2) ORGANIZATIONS (THE "SUPPORTED CLASS") THAT PROMOTE/PERFORM EDUCATION AND/OR CHRISTIAN ACTIVITIES, INCLUDING (BUT NOT LIMITED TO) CHRISTIAN EVANGELISM, EDIFICATION AND STEWARDSHIP.

Activities or mission (Part I)

SUPPORT OF A CLASS OF CHARITIES PROMOTING EDUCATIONAL AND/OR CHRISTIAN ACTIVITIES.

  • PROVIDE OPERATING FUNDS FOR 4 CHRISTIAN CHARITIES INVOLVED IN EFFORTS TO SUPPORT FAMILY VALUES. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3) AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO MILITARY COMMUNITY YOUTH MINISTRIES, THE FEDERALIST SOCIETY, CONCERNED WOMEN OF AMERICA, AND WATERSTONE.

    Expenses $460,000 · Grants $460,000

  • PROVIDE OPERATING FUNDS FOR 9 CHRISTIAN CHARITIES INVOLVED IN LOCAL AND INTERNATIONAL EVANGELISM AND DISCIPLESHIP EFFORTS. ALL ARE OPERATING IN THE SUPPORTED CLASS OF THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO NEW GENERATIONS, LUIS PALAU ASSOCIATION, WORLD SPORTS, IRAN ALIVE MINISTRIES, UNITE LIFE, NEW HORIZON FOUNDATIONS, LANCE MALLNAU MINISTRIES INC, AND 2 FOREIGN CHURCH ORGANIZATIONS (CHURCH GROWTH INTERNATIONAL AND INGLESIA EVANGELICA DE COBENA).

    Expenses $500,000 · Grants $500,000

  • PROVIDE OPERATING FUNDS FOR 2 CHRISTIAN CHARITIES WORKING IN THE AREA OF EDUCATION, OUTREACH AND EVANGELISM THROUGH VARIOUS FORMS OF MEDIA. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3)AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE PROVIDED TO SENTINEL GROUP AND AT WORK ON PURPOSE.

    Expenses $90,000 · Grants $90,000

  • PROVIDE OPERATING FUNDS FOR 3 CHRISTIAN CHARITIES WORKING IN THE AREA OF FAITH & WORK. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3) AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO MADE TO FLOURISH, INTERVARSITY CHRISTIAN FELLOWSHIP, AND KINGDOMHAUS.PROVIDE OPERATING FUNDS FOR 2 CHRISTIAN CHARITIES WORKING IN THE AREA OF RELIEF EFFORTS. THESE ORGANIZATIONS ARE OPERATING IN THE SUPPORTED CLASS OF 501(C)(3) AND 509(A)(1) ORGANIZATIONS SUPPORTED BY THIS 509(A)(3) SUPPORTING ORGANIZATION. IN 2022, GRANTS WERE MADE TO WATERSTONE AND SPORTS CATALYST.

    Expenses $235,000 · Grants $235,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kenneth A Eldred

    TRUSTEE - CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Kary N Eldred

    TRUSTEE - PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Justinrachel Eldred

    TRUSTEE - TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Roberta E Eldred

    TRUSTEE - SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Monica I Eldred

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John B Mumford

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David A Seeba

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doug Kiesewetter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Deborah Kiesewetter

    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

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

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
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333069349302698

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