Mary Beecher Longyear Trust

Philadelphia, PAMutual-benefit / member-servingEIN 04-6011948Revenue $853K in FY2024

On file with the IRS1650 Market St Ste 4000, 19103-7311 · Philadelphia, PATax-exempt since 0000

This page gets seen. Tell your story. Claim this org.

Mary Beecher Longyear Trust is a Trust for the benefit of Longyear foundation.

83¢ of each $1 spent went to programs.
Run by 1 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $1.1M a year · 51% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$77K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
42 mo
of spending, in cash
Looks good: 41.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$853K
+14% vs prior year
Spent
$1.1M
To programs
83%
Net assets
$15.6M
By yearFY2020–FY2024
Revenue
$853K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$487K
FY2021$1.5M
FY2022$6.7M
FY2023$749K
FY2024$853K
Expenses
$1.1M
FY2024▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$896K
FY2021$1.1M
FY2022$1.1M
FY2023$838K
FY2024$1.1M
Net assets
$15.6M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$12.7M
FY2021$17.1M
FY2022$14.7M
FY2023$15.4M
FY2024$15.6M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in 0000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $909K Management & general 17% · $188K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

3 people listed on the 990; $77K paid to officers and key staff.

Part VII, Section A · reportable compensation
$38,689Pt VII · Sec A
Trustee (until 8/24/24)
$34,715Pt VII · Sec A
Trustee (as of 8/24/24)
$3,974Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
First-Citizens Bank & Trust Co$38,689$37,737———
Elizabeth Jones Cfa$34,715$37,737$31,256$28,239$25,491
SVB Private——$31,257$28,239—
Boston Private Bank & Trust————$25,492
James King Cfa$3,974————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mary Beecher Longyear Trust executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports the Longyear Foundation's charitable work.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $909K · in their own filed words · FY2024
01

Distribution to longyear foundation

$909Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $4.3M · 2020–2024
Longyear FoundationMA · FY2024$908,860
Longyear FoundationMA · FY2023$697,552
Longyear FoundationMA · FY2022$903,775
Longyear FoundationMA · FY2021$972,380
Longyear FoundationMA · FY2020$802,566

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$853K
Ln 12
Investment incomeLn 3$853K
Money outPt IX
$1.1M
Ln 25
Programscol B$909K
Managementcol C$188K
Owns and owesPt X
$15.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$15.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A3
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$853K
Gains on assetsLn 7$262K
Total revenueLn 12$853K
Assets in detailPt X, end of year
CashLn 1$3.8M
Cash and savings togetherLn 1–2$3.8M
InvestmentsLn 11–13$11.8M
Total assetsLn 16$15.6M
LiabilitiesLn 26$0
Net assetsLn 32$15.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$404K$3.8M
InvestmentsLn 11–13$15.0M$11.8M
Total assetsLn 16$15.4M$15.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$15.4M$15.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$909K$909K
Pay of current officers, directors and key staffLn 5$77K$77K
Accounting feesLn 11c$25K$25K
Investment management feesLn 11f$60K$60K
TravelLn 17$3K$3K
Other expenses (24a–d)Ln 24$23K$23K
Total functional expensesLn 25$1.1M$909K$188K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $853K$1.1M−$244K$15.6M 990 PDF
FY2023 $749K$838K−$90K$15.4M 990 PDF
FY2022 $6.7M$1.1M$5.6M$14.7M 990 PDF
FY2021 $1.5M$1.1M$388K$17.1M 990 PDF
FY2020 $487K$896K−$409K$12.7M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $853,192 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $748,722$853,192
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $748,722$853,192
I-13 Grants and similar amounts paidPrior year $697,552$908,860
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,474$77,379
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $65,413$111,018
I-18 Total expensesPrior year $838,439$1,097,257
I-19 Revenue less expensesPrior year −$89,717−$244,065
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $853,192 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $591,509$591,509
VIII-7 Net gain or loss on sales of assetsExcluded from tax $261,683$261,683
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $853,192$853,192
Part IX · Statement of functional expenses $1,097,257 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $908,860$908,860
IX-5 Pay of current officers, directors and key staffManagement $77,379$77,379
IX-11c Accounting feesManagement $25,000$25,000
IX-11f Investment management feesManagement $60,316$60,316
IX-17 TravelManagement $2,559$2,559
IX-24 Other expenses (24a–d)Management $23,143$23,143
IX-25 Total functional expensesPrograms $908,860 · Management $188,397 · Fundraising $0$1,097,257
Part X · Balance sheet $15,630,969 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $403,838$3,814,562
X-11 Publicly traded securitiesStart of year $12,485,118$9,146,791
X-12 Other securitiesStart of year $2,531,806$2,669,616
X-16 Total assetsStart of year $15,420,762$15,630,969
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $15,420,762$15,630,969
X-33 Total liabilities and net assetsStart of year $15,420,762$15,630,969
Part XI · Reconciliation of net assets $15,630,969 net assets at year end
XI-1 Total revenue$853,192
XI-2 Total expenses$1,097,257
XI-3 Revenue less expenses−$244,065
XI-4 Net assets at start of year$15,420,762
XI-5 Net unrealized gains (losses) on investments$454,272
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,630,969

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.