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← FW THOMPSON KETTERING UNIV C O I H TR TRUST

Form 990 for tax year 2022

Filed by FW THOMPSON KETTERING UNIV C O I H TR TRUST.

Totals

Total revenue
$105,852
Total expenses
$126,788
Contributions and grants received
$0
Grants paid
$100,697
Program service revenue
$0
Investment income
$105,852
Other revenue
$0
Total assets, end of year
$1,471,815
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,471,815
Program services expenses (Part IX)
$110,712
Management and general expenses
$16,076
Fundraising expenses
$0
Program service expenses (Part III)
$110,712

Program services were 87.3% 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 $51,019 · excluded $51,019

  • 7a · Gross sales of assets other than inventory

    securities $352,899

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

    securities $298,066

  • 7c · Gain or loss

    securities $54,833

  • 7d · Net gain or loss

    total $54,833 · excluded $54,833

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,697 · program services $100,697

  • 5 · Compensation of officers, directors and key employees

    total $25,015 · program services $10,015 · management and general $15,000

  • 24a · Other expenses: FOREIGN TAXES

  • 24e · All other expenses

    total $1,076 · management and general $1,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,988 · end of year $62,916

  • 2 · Savings and temporary cash investments

    beginning of year $27,886 · end of year $28,536

  • 11 · Investments: publicly traded securities

    beginning of year $1,426,875 · end of year $1,380,363

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,492,749

  • 31 · Retained earnings, endowment or other funds

    end of year $1,471,815

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT TO THE KETTERING UNIVERSITY.

  • TO PROVIDE SUPPORT TO THE KETTERING UNIVERSITY.

    Expenses $110,712 · Grants $100,697

As filed on the 2022 return.

Listed in Part VII

  • ROBERT McMAHAN

    TRUSTEE

    Total calculated
    $1,036,655
    From this org
    $0
    From related orgs
    $895,329
    Other
    $141,326
    Hours/week
    2 + 80 related

    Schedule J breakdown matched by us

    Base
    $0 + $569,722 related
    Bonus
    $0 + $275,000 related
    Other
    $0 + $50,607 related
    Deferred
    $0 + $76,100 related
    Nontaxable benefits
    $0 + $65,226 related
    Filer's total
    $0 + $1,036,655 related

  • Thomas Ayer

    TRUSTEE

    Total calculated
    $349,490
    From this org
    $0
    From related orgs
    $303,512
    Other
    $45,978
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,125 related
    Bonus
    $0 + $35,500 related
    Other
    $0 + $5,887 related
    Deferred
    $0 + $24,300 related
    Nontaxable benefits
    $0 + $21,678 related
    Filer's total
    $0 + $349,490 related

  • Jpmorgan Chase Bank Na

    TRUSTEE

    Total calculated
    $25,015
    From this org
    $25,015
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

EXPLANATION FOR FORM 990, SCHEDULE J, PART 1, LINE 1b
COMPENSATION IS FROM THE RELATED ORGANIZATION

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2022
Filed
20 March 2024
IRS schema version
2022v5.0
Source object
202430979349301018

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