2024-09-26T09:05:43-05:00 2024-08-31 480567703 PINION LLC 3030 CORTLAND CIR SALINA KS 67401 990EZ 2023-09-01 486110549 PEARL E WEISS TRUST FOR YOUNG MEN'S CHRISTIAN ASSOCIATION WEIS 7854523561 PO BOX 1337 SALINA KS 674021337 ADVANTAGE TRUST COMPANY-TRUSTEE ROBERT B RICHARDSON-TRUST OFFICER 7854523561 2024-09-24 1 1 CORLENE R LANGE P00007927 7858251561 2024-09-24 2023 2024-08-08 14:25:15Z X X N/A X X 55624 X 48624 7000 7889 -889 47735 38126 5447 3376 9489 56438 -8703 244837 0 236134 X 352 382 121514 121514 122971 114238 244837 236134 0 0 244837 236134 X THE NET INCOME FROM THE TRUST IS TO BE USED FOR THE RELIGIOUS EDUCATION, MEDICAL CARE, AND CLOTHING FOR SUCH LESS FORTUNATE, BUT DESERVING MALE YOUTHS OF SALINA, KANSAS AS MAY BE SELECTED BY THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF SALINA, KANSAS (YMCA) BOARD OF DIRECTORS AND TRUSTEE. THEIR JOINT DETERMINATION AS TO THE USE OF SAID FUNDS SHALL BE FINAL. THE TRUSTEE SHALL TURN OVER ANNUALLY THE NET INCOME TO THE YMCA AND IT SHALL FURNISH THE TRUSTEE WITH AN ANNUAL ACCOUNTING SHOWING ALL DISBURSMENTS OF SAID FUNDS. JOINT DETERMINATION WITH YOUNG MEN'S CHRISTIAN ASSOCIATION OF SALINA, KANSAS TO DECIDE USE OF INCOME. NET INCOME REMITTED TO YOUNG MEN'S CHRISTIAN ASSOCIATION OF SALINA, KANSAS. 38126 38126 38126 ADVANTAGE TRUST COMPANY TRUSTEE 5.00 5447 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADVANTAGE TRUST COMPANY PO BOX 1337 SALINA KS 674021337 7854523561 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X X 1 YOUNG MEN'S CHRISTIAN ASSOCIATION OF SALINA KANSAS 480544573 7 1 38126 0 1 38126 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 0 PART IV, SECTION E, LINE 2A THE NET INCOME FROM THE TRUST IS TO BE USED FOR THE RELIGIOUS EDUCATION, MEDICAL CARE, AND CLOTHING FOR SUCH LESS FORTUNATE, BUT DESERVING MALE YOUTHS OF SALINA, KANSAS AS MAY BE SELECTED BY THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF SALINA, KANSAS (YMCA) BOARD OF DIRECTORS AND TRUSTEE. THEIR JOINT DETERMINATION AS TO THE USE OF SAID FUNDS SHALL BE FINAL. THE TRUSTEE SHALL TURN OVER ANNUALLY THE NET INCOME TO THE YMCA AND IT SHALL FURNISH THE TRUSTEE WITH AN ANNUAL ACCOUNTING SHOWING ALL DISBURSEMENTS OF SAID FUNDS. PART IV, SCHEDULE D, LINE 3 A TRUST OFFICER OF THE TRUSTEE, ADVANTAGE TRUST COMPANY, IS A MEMBER OF THE FINANCE COMMITTEE WHICH GIVES RECOMMENDATIONS TO THE BOARD OF DIRECTORS OF THE YMCA. AS SUCH, THE YMCA HAS A SIGNIFICANT VOICE IN THE TRUST'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE TRUSTS' INCOME AT ALL TIMES DURING THE YEAR. IN ADDITION, THE PEARL E. WEISS TRUST FOR YOUNG MEN'S CHRISTIAN ASSOCIATION (YCMA) WAS IN EXISTENCE PRIOR TO NOVEMBER 20, 1970, AND ALL OF THE UNEXPIRED INTERESTS IN THE TRUST ARE DEVOTED TO ONE OR MORE PURPOSES DESCRIBED IN SECTION 170(C)(2)(B). THE TRUST DID NOT RECEIVE ANY GRANT, CONTRIBUTION, BEQUEST OR OTHER TRANSFER ON OR AFTER NOVEMBER 20, 1970 AND THE TRUST IS REQUIRED BY ITS GOVERNING INSTRUMENT TO DISTRIBUTE ALL OF ITS NET INCOME TO THE PUBLICLY SUPPORTED BENEFICIARY, THE YMCA. THE TRUSTEE DOES NOT HAVE THE DISCRETION TO VARY EITHER THE BENEFICIARY OR THE AMOUNTS PAYABLE TO THE BENEFICIARY UNLESS THERE IS A DEFAULT OF FAILURE OF THE CHARITABLE PURPOSE. THERE IS A CONSIDERABLE AMOUNT OF JOINT EFFORT AND COOPERATION BETWEEN THE TRUSTEE AND THE REPRESENTATIVES OF THE YMCA IN CARRYING OUT THE CHARITABLE PURPOSES OF THE TRUST. THIS JOINT EFFORT AND COOPERATION IS NOT ONLY A PRACTICAL NECESSITY IN CARRYING OUT THE CHARITABLE DESIGNS OF THE TESTATORS, BUT IS ALSO MANDATORY UNDER THE TERMS OF THE TRUST'S GOVERNING INSTRUMENT. FORM 990-EZ, PART I, LINE 4 - RENTAL INCOME KIND AND LOCATION OF PROPERTY: FARM CASH RENT. AMOUNT: 44,466. FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: DIVIDENDS. AMOUNT: 4,158. FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID ACTIVITY CLASSIFICATION: PUBLIC CHARITY. GRANTEE NAME: YOUNG MEN'S CHRISTIAN ASSOCIATION OF SALINA, GRANTEE NAME: YOUNG MEN'S CHRISTIAN ASSOCIATION OF SALINA,. GRANTEE ADDRESS: 570 YMCA DRIVE, BOX 973 SALINA, KS 67401. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. METHOD USED TO DETERMINE BOOK VALUE: CASH. METHOD USED TO DETERMINE FMV: CASH. DATE OF GIFT: 03/05/24. AMOUNT GIVEN: 38,126. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: INSURANCE - FARM LAND. AMOUNT: 116. DESCRIPTION: REAL ESTATE TAXES - FARM LAND. AMOUNT: 5,573. DESCRIPTION: APPRAISAL FEES - FARM LAND. AMOUNT: 3,800. TOTAL TO FORM 990-EZ, LINE 16: 9,489. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 122,971. END OF YEAR AMOUNT: 114,238. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.