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← JOHN SHERMAN & ALVINA RECKMAN MYERS FOUNDATION FOR LEGAL EDUCATION

Form 990 for tax year 2023

Filed by JOHN SHERMAN & ALVINA RECKMAN MYERS FOUNDATION FOR LEGAL EDUCATION.

Totals

Total revenue
$18,941,480
Total expenses
$1,681,151
Contributions and grants received
$15,511,512
Grants paid
$1,594,924
Program service revenue
$0
Investment income
$3,429,875
Other revenue
$93
Total assets, end of year
$19,377,188
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$19,377,188
Program services expenses (Part IX)
$1,610,048
Management and general expenses
$71,103
Fundraising expenses
$0
Program service expenses (Part III)
$1,610,048

Program services were 95.8% 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.

  • 1d · Related organizations

    $1,710,887

  • 1f · All other contributions, gifts and grants

    $13,800,625

  • 1g · Noncash contributions included above

    $13,800,625

  • 3 · Investment income

    total $370,562 · excluded $370,562

  • 7a · Gross sales of assets other than inventory

    securities $11,899,347

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

    securities $8,840,034

  • 7c · Gain or loss

    securities $3,059,313

  • 7d · Net gain or loss

    total $3,059,313 · excluded $3,059,313

  • 11a · Other revenue: TAX REFUND ON FOREIGN DIVIDENDS

    total $93 · excluded $93

  • 11e · Other revenue, total

    $93

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,594,924 · program services $1,594,924

  • 5 · Compensation of officers, directors and key employees

    total $75,618 · program services $15,124 · management and general $60,494

  • 11a · Fees: management

    total $3,636 · management and general $3,636

  • 24a · Other expenses: Foreign Taxes on Qualified Dividend

    total $2,083 · management and general $2,083

  • 24b · Other expenses: Foreign Taxes

    total $2,263 · management and general $2,263

  • 24c · Other expenses: Foreign Taxes on Non Qualified Div

    total $1,369 · management and general $1,369

  • 24d · Other expenses: ADR Service Fees

    total $1,258 · management and general $1,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year -$60

  • 2 · Savings and temporary cash investments

    beginning of year $563,667 · end of year $1,112,980

  • 11 · Investments: publicly traded securities

    beginning of year $1,975,808 · end of year $18,264,268

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,539,475 · end of year $19,377,188

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,610,048 · Grants $1,594,924

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Pnc Bank N A

    TRUSTEE

    Total calculated
    $75,618
    From this org
    $75,618
    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.

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
2023
Filed
18 April 2024
IRS schema version
2023v5.0
Source object
202401169349301645

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