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Nonprofiteer
← HEMINGWAY FACULTY TRUST AT WEBER STATE COLLEGE

Form 990 for tax year 2023

Filed by HEMINGWAY FACULTY TRUST AT WEBER STATE COLLEGE.

Totals

Total revenue
$60,553
Total expenses
$144,758
Contributions and grants received
$0
Grants paid
$134,439
Program service revenue
$0
Investment income
$60,337
Other revenue
$216
Total assets, end of year
$1,596,009
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,596,009
Program services expenses (Part IX)
$134,439
Management and general expenses
$10,319
Fundraising expenses
$0
Program service expenses (Part III)
$134,439

Program services were 92.9% 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 $61,678 · excluded $61,678

  • 7a · Gross sales of assets other than inventory

    securities $124,407

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

    securities $125,748

  • 7c · Gain or loss

    securities -$1,341

  • 7d · Net gain or loss

    total -$1,341 · excluded -$1,341

  • 11a · Other revenue: OTHER INCOME

    total $216 · excluded $216

  • 11e · Other revenue, total

    $216

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $134,439 · program services $134,439

  • 11c · Fees: accounting

    total $990 · management and general $990

  • 11f · Fees: investment management

    total $8,985 · management and general $8,985

  • 19 · Conferences, conventions and meetings

    total $344 · management and general $344

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $335,731 · end of year $377,141

  • 11 · Investments: publicly traded securities

    beginning of year $1,344,629 · end of year $1,218,868

  • 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 $1,680,360 · end of year $1,596,009

Mission and programs · 2023

Mission

SEE SCHEDULE OGRANTS ARE MADE ACCORDING TO THE TRUST AGREEMENT DATED DECEMBER 24, 1988. INCOME AND PRINCIPAL IS DISTRIBUTED AS NEEDED TO WEBER STATE UNIVERSITY ENABLING THE FACULTY TO ENDUCE AN INTEREST IN TENURE AMONG QUALIFIED TEACHING PERSONNEL, TO PROVIDE FOR OR ENHANCE EXISTING PROGRAMS DESIGNED AS INCENTIVES TO NEW OR PRE-EXISTING FACULTY, AND TO INCREASE AND UPGRADE THE GENERAL QUALITY OF AVAILABLE BENEFIT OPTIONS FOR FACULTY MEMBERS. THE TRUSTEES MAINTAIN A RESPONSIVENESS TO WEBER STATE UNVERSITY'S NEEDS AND ACTIVITIES IN THE ATTAINMENT OF ITS MISSION. FOUR OF THE SIX TRUSTEES ARE APPOINTED AND SUBJECT TO REMOVAL BY WEBER STATE UNIVERSITY.

Activities or mission (Part I)

TO SUPPORT PROGRAMS THAT BENEFIT WEBER STATE UNIVERSITY FACULTY.

  • DISTRIBUTION TO WEBER STATE UNIVERSITY FOR THE 2022-2023 SCHOOL YEAR TO BE USED AS DESCRIBED IN THE MISSION STATEMENT.

    Expenses $134,439 · Grants $134,439

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jane Hemingway Mason

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Henry S Hemingway

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Helen Hemingway-Cardon

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brad Mortensen

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Norman C Tarbox

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Betsy Mennell

    CO-TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ravi Krovi

    CO-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

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413189349302841

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