William Van Overloop Charitable Remainder Trust FY2023 filing

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Distributions are paid to the named charities per terms of the governing document to help defray expenses of the charities.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$8K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $17K a year · 29% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
9 mo
of spending, in cash
Plus $423K in investments, Pt X · Ln 11–13
Looks good: 8.7 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
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18K
-65% vs prior year
Spent
$43K
To programs
81%
Net assets
$454K
By yearFY2021–FY2026
Revenue
$18K
FY2023▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2021$12K
FY2022$51K
FY2023$18K
FY2024$157K
FY2025$42K
FY2026$67K
Expenses
$43K
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$47K
FY2022$37K
FY2023$43K
FY2024$38K
FY2025$39K
FY2026$42K
Net assets
$454K
FY2023▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$466K
FY2022$480K
FY2023$454K
FY2024$573K
FY2025$577K
FY2026$601K

From the FY2023 Form 990 (year ending February 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Nov 1993.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $35K Management & general 19% · $8K

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

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Who runs it and what they're paid

1 person listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$7,972Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Fifth Third Bank N A$9,395$8,965$8,117$7,972$8,269$7,135

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 William Van Overloop Charitable Remainder Trust executive salaries →

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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

Provides funds to named charities to help cover their expenses.

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Provided by the organization

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1 program · $35K · in their own filed words · FY2022
01

To provide operating funds for central reformed church. Funds are to be used exclusively for new pew cushions, broadcasting, or televising the morning service, and for the general advertising budget of the church. The amount for hope college is used exclusively for the operating expenses of the hope college chapel choir.

$35Kprogram 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 · 12 grants · $189K · 2020–2025
Hope CollegeMI · FY2025$15,525
Hope CollegeMI · FY2024$14,090
Hope CollegeMI · FY2023$14,097
Hope CollegeMI · FY2022$16,750
Hope CollegeMI · FY2021$14,500
Hope CollegeMI · FY2020$21,031

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$18K
Ln 12
Investment incomeLn 3$18K
Money outPt IX
$43K
Ln 25
Programscol B$35K
Managementcol C$8K
Owns and owesPt X
$454K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$454K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$18K
Gains on assetsLn 7$7K
Total revenueLn 12$18K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$31K
Cash and savings togetherLn 1–2$31K
InvestmentsLn 11–13$423K
Total assetsLn 16$454K
LiabilitiesLn 26$0
Net assetsLn 32$454K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderFebruary
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$39K$31K
InvestmentsLn 11–13$440K$423K
Total assetsLn 16$480K$454K
LiabilitiesLn 26$0$0
Net assetsLn 32$480K$454K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$34K$34K
Pay of current officers, directors and key staffLn 5$8K$1K$7K
Accounting feesLn 11c$1K$1K
Other expenses (24a–d)Ln 24$76$76
Total functional expensesLn 25$43K$35K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $67K$42K$25K$601K 990 PDF
FY2025 $42K$39K$4K$577K 990 PDF
FY2024 $157K$38K$119K$573K 990 PDF
FY2023 Viewing $18K$43K−$25K$454K 990 PDF
FY2022 $51K$37K$13K$480K 990 PDF
FY2021 $12K$47K−$36K$466K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $17,606 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $50,651$17,606
I-11 Other revenue$0
I-12 Total revenuePrior year $50,651$17,606
I-13 Grants and similar amounts paidPrior year $29,000$33,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,269$7,972
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $72$1,251
I-18 Total expensesPrior year $37,341$42,723
I-19 Revenue less expensesPrior year $13,310−$25,117
Part VI · Governance 0 of 1 board members independent, 3 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $17,606 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $10,773$10,773
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,833$6,833
VIII-12 Total revenueExcluded from tax $17,606$17,606
Part IX · Statement of functional expenses $42,723 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $33,500$33,500
IX-5 Pay of current officers, directors and key staffPrograms $1,196 · Management $6,776$7,972
IX-11c Accounting feesManagement $1,175$1,175
IX-24 Other expenses (24a–d)Management $76$76
IX-25 Total functional expensesPrograms $34,696 · Management $8,027 · Fundraising $0$42,723
Part X · Balance sheet $454,398 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $1$1
X-2 Savings and temporary cash investmentsStart of year $39,476$31,126
X-11 Publicly traded securitiesStart of year $440,037$423,271
X-16 Total assetsStart of year $479,514$454,398
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $479,514$454,398
X-33 Total liabilities and net assetsStart of year $479,514$454,398
Part XI · Reconciliation of net assets $454,398 net assets at year end
XI-1 Total revenue$17,606
XI-2 Total expenses$42,723
XI-3 Revenue less expenses−$25,117
XI-4 Net assets at start of year$479,514
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$454,398

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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