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← TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST

Form 990 for tax year 2024

Filed by TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST.

Totals

Total revenue
$350,375
Total expenses
$255,285
Contributions and grants received
$90
Grants paid
$181,250
Program service revenue
$0
Investment income
$350,285
Other revenue
$0
Total assets, end of year
$10,009,128
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,009,128
Program services expenses (Part IX)
$181,250
Management and general expenses
$74,035
Fundraising expenses
$0
Program service expenses (Part III)
$181,250

Program services were 71.0% 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

    $90

  • 3 · Investment income

    total $282,892 · excluded $282,892

  • 7a · Gross sales of assets other than inventory

    securities $1,371,087

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

    securities $1,303,694

  • 7c · Gain or loss

    securities $67,393

  • 7d · Net gain or loss

    total $67,393 · excluded $67,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $143,750 · program services $143,750

  • 3 · Grants to foreign organizations and individuals

    total $37,500 · program services $37,500

  • 11b · Fees: legal

    total $4,500 · management and general $4,500

  • 11c · Fees: accounting

    total $9,229 · management and general $9,229

  • 11f · Fees: investment management

    total $59,352 · management and general $59,352

  • 13 · Office expenses

    total $954 · management and general $954

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,000 · end of year $245,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,482,834 · end of year $1,360,509

  • 4 · Accounts receivable

    beginning of year $146,486 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $7,720,577 · end of year $8,348,286

  • 15 · Other assets

    beginning of year $1,548,007 · end of year $55,333

  • 27 · Net assets without donor restrictions

    beginning of year $11,147,904 · end of year $10,009,128

Mission and programs · 2024

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO MEET THE GOAL OF REDUCING THE DEVASTATING IMPACT OF, AND ULTIMATELY FINDING A CURE FOR, THE RAVAGES OF THE DISEASE ASSOCIATED WITH EXPOSURE TO ASBESTOS.

Activities or mission (Part I)

TO PROMOTE AND FUND RESEARCH DESIGNED TO FIND A CURE, AND DEVELOP TREATMENTS, FOR MESOTHELIOMA AND OTHER ASBESTOS-RELATED DISEASES.

  • TISSUE BANK ASBESTOS RESEARCH CHARITABLE TRUST IS A NON-PROFIT TRUST WHOSE MISSION IS TO PROTECT AND ENHANCE THE HEALTH AND WELL-BEING OF ITS MEMBERSHIP.

    Expenses $181,250 · Grants $181,250

As filed on the 2024 return.

Listed in Part VII

  • Terrance Larkin

    TRUSTEE

    Total calculated
    $494,124
    From this org
    $0
    From related orgs
    $441,693
    Other
    $52,431
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $441,693 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,877 related
    Nontaxable benefits
    $0 + $29,554 related
    Filer's total
    $0 + $494,124 related

  • Robert Reap

    TRUSTEE

    Total calculated
    $398,081
    From this org
    $0
    From related orgs
    $375,204
    Other
    $22,877
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $375,204 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,877 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $398,081 related

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

  • 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

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
2024
Filed
10 March 2025
IRS schema version
2024v5.0
Source object
202510699349301176

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