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← The Millicent Merle Atkins Charitable Trust

Form 990 for tax year 2022

Filed by The Millicent Merle Atkins Charitable Trust.

Totals

Total revenue
$576,496
Total expenses
$1,873,827
Contributions and grants received
$0
Grants paid
$1,560,935
Program service revenue
$0
Investment income
$576,484
Other revenue
$12
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$1,560,935
Management and general expenses
$312,892
Fundraising expenses
$0
Program service expenses (Part III)
$1,560,935

Program services were 83.3% 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 $575,273 · excluded $575,273

  • 7a · Gross sales of assets other than inventory

    securities $316,257

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

    securities $315,046

  • 7c · Gain or loss

    securities $1,211

  • 7d · Net gain or loss

    total $1,211 · excluded $1,211

  • 11a · Other revenue: Insurance Refund

    total $12 · excluded $12

  • 11e · Other revenue, total

    $12

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,560,935 · program services $1,560,935

  • 5 · Compensation of officers, directors and key employees

    total $232,138 · management and general $232,138

  • 11b · Fees: legal

    total $9,164 · management and general $9,164

  • 11c · Fees: accounting

    total $8,350 · management and general $8,350

  • 11f · Fees: investment management

    total $59,324 · management and general $59,324

  • 24a · Other expenses: Foreign Tax Paid on Div

    total $3,916 · management and general $3,916

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,196 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $3,551,332 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $33,095,623 · end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 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 $36,649,151 · end of year $0

Mission and programs · 2022

Mission

None

Activities or mission (Part I)

To support and enhance the charitable activities of the Trust's supported organizations.

  • Provided grants to support and enhance the charitable activities of the Congregational Christian Church of Columbia, South Dakota; the University of Minnesota Foundation, Minneapolis, Minnesota; and Northern State University Foundation, Aberdeen, South Dakota. As provided for by Article Twelfth of the Last Will and Testament of Millicent M. Atkins, the governing instrument of the Trust, the Trust terminated in 2022, ten years after her death.

    Expenses $1,560,935 · Grants $1,560,935

As filed on the 2022 return.

Listed in Part VII

  • Dacotah Bank

    Trustee

    Total calculated
    $232,138
    From this org
    $232,138
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
11 September 2023
IRS schema version
2022v5.0
Source object
202322549349301482

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