The Msu Charitable Trust: Nonprofit Profile, Financials & Form 990 (EIN 75-6385513)

Revenue by fiscal year
FY2020	$308K
FY2021	$4.5M

Expenses by fiscal year
FY2020	$1.2M
FY2021	$2.4M

Net assets by fiscal year
FY2020	$24.9M
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $2.2M Management & general 12% · $287K

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

8 people listed on the 990; $217K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

American National Bank & Trust

Trustee

$217,418Pt VII · Sec A

Erwin Davenport

Trustee

$0Pt VII · Sec A

Mac Cannedy

Trustee

$0Pt VII · Sec A

Warren Ayres

Trustee

$0Pt VII · Sec A

Kay P Yeager

Trustee

$0Pt VII · Sec A

Caven Crosnoe

Trustee

$0Pt VII · Sec A

Suzanne Shipley

Trustee

$0Pt VII · Sec A

Martha Fain

Trustee

$0Pt VII · Sec A

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

Name	FY2021	FY2020
American National Bank & Trust	$217,418	$176,065

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 The Msu Charitable Trust executive salaries →

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 Midwestern State University's special needs beyond state funding.

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1 program · $2.2M · in their own filed words · FY2020

01

Program service accomplishments include the provision of scholarships, faculty and staff development, support for the business school, art program, museum, health sciences, and other such priority matters of Midwestern State University as deemed advisable by the trustees.

$2.2Mprogram 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 · 2 grants · $3.1M · 2019–2020

Midwestern State UniversityFY2020$2,161,633

Midwestern State UniversityFY2019$949,748

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.5M

Ln 12

Investment incomeLn 3$4.5M

Gifts and grantsLn 1h$21K

Money outPt IX

$2.4M

Ln 25

Programscol B$2.2M

Managementcol C$287K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

8

listed · VII A

PaidVII A1

Voting boardVI 1a8

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$21K

Investment incomeLn 3$4.5M

Gains on assetsLn 7$3.8M

Total revenueLn 12$4.5M

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderAugust

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3More from this return

EndowmentSch D · Pt V

Line	FY20	FY19	FY18	FY17
End of yearLn 1g	$24.9M	$25.8M	$25.6M	$23.6M
AddedLn 1b	$533K	$60K	$501K
SpentLn 1d–1f	$1.2M	$1.2M	$612K	$1.3M

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$820K	$0
InvestmentsLn 11–13	$23.4M	$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$24.9M	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$24.9M	$0

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$2.2M	$2.2M
Pay of officers and key staff (Part IX, line 5)Ln 5	$217K		$217K
Legal feesLn 11b	$2K		$2K
Accounting feesLn 11c	$59K		$59K
Other expenses (24a–d)Ln 24	$9K		$9K
Total functional expensesLn 25	$2.4M	$2.2M	$287K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS Jul 8, 2022	$4.5M	$2.4M	$2.0M	$0	990 PDF
FY2020Filed with the IRS Jan 26, 2021	$308K	$1.2M	−$849K	$24.9M	990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants J · Pay O · Explanations

See the full FY2021 990

Part I · Summary $4,473,774 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $533,130$21,155

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year −$225,187$4,452,619

I-11 Other revenuePrior year $426$0

I-12 Total revenuePrior year $308,369$4,473,774

I-13 Grants and similar amounts paidPrior year $949,748$2,161,633

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $176,065$217,418

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $32,026$69,389

I-18 Total expensesPrior year $1,157,839$2,448,440

I-19 Revenue less expensesPrior year −$849,470$2,025,334

Part VI · Governance 5 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members5

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 $4,473,774 across 5 lines filed

VIII-1f All other contributions, gifts and grants$21,155

VIII-1h Total contributions, gifts and grants$21,155

VIII-3 Investment incomeRelated to mission $629,950$629,950

VIII-7 Net gain or loss on sales of assetsRelated to mission $3,822,669$3,822,669

VIII-12 Total revenueRelated to mission $4,452,619 · Unrelated business $0 · Excluded from tax $0$4,473,774

Part IX · Statement of functional expenses $2,448,440 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $2,161,633$2,161,633

IX-5 Pay of officers and key staff (Part IX, line 5)Management $217,418$217,418

IX-11b Legal feesManagement $2,175$2,175

IX-11c Accounting feesManagement $58,700$58,700

IX-24 Other expenses (24a–d)Management $8,514$8,514

IX-25 Total functional expensesPrograms $2,161,633 · Management $286,807 · Fundraising $0$2,448,440

Part X · Balance sheet $0 assets, 22 lines filed

X-1 Cash, non-interest-bearing$0

X-2 Savings and temporary cash investmentsStart of year $819,616$0

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $240,854$0

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, net$0

X-11 Publicly traded securitiesStart of year $23,352,862$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $490,400$0

X-16 Total assetsStart of year $24,903,732$0

X-26 Total liabilitiesStart of year $0$0

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $0$0

X-31 Retained earnings or endowmentStart of year $24,903,732$0

X-32 Total net assets or fund balancesStart of year $24,903,732$0

X-33 Total liabilities and net assetsStart of year $24,903,732$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$4,473,774

XI-2 Total expenses$2,448,440

XI-3 Revenue less expenses$2,025,334

XI-4 Net assets at start of year$24,903,732

XI-8 Prior period adjustments−$5,045

XI-9 Other changes in net assets−$26,924,021

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Msu Charitable Trust

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

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

Questions the 990 asks

Programs and updates

Questions for The Msu Charitable Trust

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV