Skip to content
Nonprofiteer
← KRASL ART CENTER CHARITABLE TRUST

Form 990 for tax year 2022

Filed by KRASL ART CENTER CHARITABLE TRUST.

Totals

Total revenue
$510,672
Total expenses
$20,284
Contributions and grants received
$0
Grants paid
$16,562
Program service revenue
$0
Investment income
$510,672
Other revenue
$0
Total assets, end of year
$1,152,454
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,152,454
Program services expenses (Part IX)
$16,562
Management and general expenses
$3,722
Fundraising expenses
$0
Program service expenses (Part III)
$16,562

Program services were 81.7% 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.

  • 3 · Investment income

    total $22,816 · excluded $22,816

  • 7a · Gross sales of assets other than inventory

    securities $1,238,145

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

    securities $750,289

  • 7c · Gain or loss

    securities $487,856

  • 7d · Net gain or loss

    total $487,856 · related or exempt $487,856

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,562 · program services $16,562

  • 11f · Fees: investment management

    total $3,722 · management and general $3,722

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $135 · end of year $406,435

  • 11 · Investments: publicly traded securities

    beginning of year $663,281 · end of year $746,019

  • 27 · Net assets without donor restrictions

    beginning of year $663,416 · end of year $1,152,454

Mission and programs · 2022

Mission

CHARITABLE TRUST EXISTS TO FUND THE OPERATIONS AND ACTIVITIES OF KRASL ART CENTER.

Activities or mission (Part I)

CHARITABLE TRUST EXISTS TO FUND THE OPERATIONS AND ACTIVITIES OF THE KRASL ART CENTER.

  • KRASL ART CENTER, INC. - GRANTS USED TO SUPPORT OPERATIONS OF KRASL ART CENTER.

    Expenses $16,562 · Grants $16,562

As filed on the 2022 return.

Listed in Part VII

  • Huntington National Bank Trust

    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

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.

  • KRASL ART CENTER INC

    501(C)(3) · TO PROMOTE THE STUDY OF ART AND MAINTAIN EXHIBITION FACILITY OPEN TO PUBLIC. · MI

    Directly controlled by KRASL ART CENTER INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349317722

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.