2024-04-29T09:01:17-05:00 2023-12-31 920460586 PWC US TAX LLP 4300 E CAMELBACK ROAD STE 475 PHOENIX AZ 85018 990 2023-01-01 237331928 ISAAC LAUB MEMORIAL MILK FUND ISAA 2058203141 P O BOX 11647 BIRMINGHAM AL 35202 REGIONS BANK TRUSTEE TRUST OFFICER 2058203141 2024-04-17 true true JEFFREY E KUHLIN P00353001 4123556000 2024-04-17 X 2023 2023-04-26 12:10:37Z REGIONS BANK TRUSTEE P O BOX 2886 MOBILE AL 366522886 131917 false X N/A X 1931 MS TO PROVIDE BOOKS, LUNCHES AND OTHER EDUCATIONAL AIDS TO NEEDY STUDENTS IN THE NATCHEZ, ADAMS COUNTY, MS, PUBLIC SCHOOL SYSTEM 4 2 0 0 0 0 0 59669 61526 0 59669 61526 87823 0 0 5796 5620 0 0 1500 1638 95119 7258 -35450 54268 969995 1024062 0 0 969995 1024062 TO PROVIDE BOOKS, LUNCHES AND OTHER EDUCATIONAL AIDS TO NEEDY STUDENTS IN THE NATCHEZ, ADAMS COUNTY, MS, PUBLIC SCHOOL SYSTEM false false EDUCATIONAL ASSISTANCE - PROVIDED BOOKS, LUNCHES AND OTHER EDUCATIONAL AIDS TO NEEDY STUDENTS IN THE NATCHEZ, ADAMS COUNTY, MISSISSIPPI, PUBLIC SCHOOL SYSTEM. true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 4 2 false false false false false true false true false false false false false false false true false false MS X REGIONS BANK TRUST DEPT 2058203141 250 RIVERCHASE PARKWAY EAST BIRMINGHAM AL 35244 FRED T BUTCHER SUPERINTENDENT OF NATCHEZ COUNTY SCHOOLS 1.0 X 0 0 0 DR WAYNE BARNETT TRUSTEE 1.0 X 0 0 0 DAN M GIBSON MAYOR OF NATCHEZ MS 1.0 X 0 0 0 SHERRY JONES INDIVIDUAL TRUSTEE 1.0 X 0 0 0 REGIONS BANK CORPORATE TRUSTEE 1.0 X 5620 0 0 5620 0 0 false false false 30125 30125 101792 70391 31401 31401 31401 61526 61526 0 0 5620 5620 1300 1300 338 338 FOREIGN TAXES 7258 0 7258 0 31542 57141 938453 966921 969995 1024062 0 0 X 969995 1024062 969995 1024062 969995 1024062 X 54268 -201 X false false false X X 1 NATCHEZ-ADAMS CO PUBLIC SCHOOLS 646008997 2 true 0 0 1 0 0 true false false false false false false false false false false false false false false false 0 0 0 0 0 0 SECTION C, LINE 1 THE TRUSTEES OF THE ISAAC LAUB MEMORIAL MILK FUND CONSIST OF THE CURRENT MAYOR OF NATCHEZ, CURRENT SUPERINTENDENT OF NATCHEZ-ADAMS CO SCHOOL SYSTEM, A PERSON JOINTLY APPOINTED BY THE MAYOR AND NATCHEZ BOARD OF ALDERMEN, AND REGIONS BANK AS TRUSTEE. LINE 1 CONT WHILE THE FOUR INDIVIDUAL TRUSTEES OF THE ISAAC LAUB MEMORIAL MILK FUND DO NOT MAKE UP THE MAJORITY OF THE DIRECTORS OR OFFICERS OF THE SUPPORTED ORGANIZATION, NATCHEZ-ADAMS SCHOOL SYSTEM, THEY ARE IN IMPORTANT LEADERSHIP ROLES WITH THE CITY OF NATCHEZ AND THE SCHOOL SYSTEM. LINE 1 CONT THE SCHOOL BOARD'S ATTORNEY MEETS ANNUALLY WITH THE INDIVIDUAL TRUSTEES, INCLUDING THE SUPERINTENDENT OF SCHOOLS TO DISCUSS THE TRUST AND INCOME NEEDS. THEREFORE, BECAUSE THE TRUSTEES OF THE TRUST ARE ALSO IN LEADING POSITIONS IN THE SCHOOL SYSTEM AND THE CITY OF NATCHEZ, THERE ARE SUFFICIENT CONTROLS ON BOTH THE SUPPORTING AND THE SUPPORTED ORGS TO MAINTAIN A TYPE II STATUS. PART VI, SECT A, line 8a THE AMOUNTS PAID TO THE CITY OF NATCHEZ PUBLIC SCHOOLS IN ACCORDANCE WITH THE BOARD OF TRUSTEES' RECOMMENDATIONS ARE DOCUMENTED IN THE BOOKS AND RECORDS OF THE TRUST. PART VI, SECTION B, POLICIES 12a, 13 and 14 WHILE THE ISAAC LAUB MEMORIAL MILK FUND DOES NOT HAVE A CONFLICT OF INTEREST POLICY, A WRITTEN WHISTLEBLOWER POLICY AND A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, REGIONS BANK, THE CORPORATE TRUSTEE MEMBER OF THE BOARD OF TRUSTEES, DOES HAVE A CONFLICT OF INTEREST POLICY, A WHISTLEBLOWER POLICY AND A DOCUMENT RETENTION AND DESTRUCTION POLICY. ALL BANK POLICIES ARE MONITORED BY MANAGEMENT. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 1a THERE ARE THREE INDIVIDUAL TRUSTEES ON THE GOVERNING BOARD, TOGETHER WITH REGIONS BANK WHO IS CORPORATE TRUSTEE. THE INDIVIDUAL TRUSTEES ARE THE CURRENT CITY OF NATCHEZ MAYOR, THE CURRENT CITY OF NATCHEZ PUBLIC SCHOOL SUPERINTENDENT, AND A PERSON JOINTLY SELECTED BY THE MAYOR AND BOARD OF ALDERMEN, CITY OF NATCHEZ. THE CORPORATE TRUSTEE IS CHARGED WITH MANAGING THE INVESTMENT AND REINVESTMENT OF THE FUND AND MAKING DISTRIBUTIONS AS DIRECTED BY THE INDIVIDUAL TRUSTEES. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 7a THERE ARE THREE INDIVIDUAL TRUSTEES ON THE GOVERNING BOARD. THE INDIVIDUAL TRUSTEES ARE THE CURRENT CITY OF NATCHEZ MAYOR, THE CURRENT CITY OF NATCHEZ PUBLIC SCHOOL SUPERINTENDENT, AND A PERSON JOINTLY SELECTED BY THE MAYOR AND BOARD OF ALDERMEN OF THE CITY OF NATCHEZ. THE INDIVIDUAL TRUSTEES MAY REMOVE THE CORPORATE TRUSTEE WITH 60 DAYS WRITTEN NOTICE AND APPOINT A SUCCESSOR CORPORATE TRUSTEE. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b NO COMMITTEES HAVE BEEN ESTABLISHED TO ACT ON THE TRUSTEES' BEHALF. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW THE CORPORATE TRUSTEE PREPARES THE FORM 990. SENIOR TAX DEPARTMENT STAFF REVIEWS THE RETURN FOR ACCURACY AS TO CONTENT AND CALCULATIONS , IN CONSULTATION WITH THE ACCOUNT ADMINISTRATIVE OFFICER AS NEEDED, PRIOR TO FILING THE FORM 990 RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 15a THE CORPORATE TRUSTEE IS THE SOLE PAID MEMBER OF THE TRUST'S GOVERNING BOARD. THE INDIVIDUAL TRUSTEES ARE NOT COMPENSATED. CORPORATE TRUSTEE FEES ARE BASED UPON PUBLISHED FEE SCHEDULES. FORM 990, PAGE 6, PART VI, LINE 15b THE CORPORATE TRUSTEE IS THE SOLE PAID MEMBER OF THE TRUST'S GOVERNING BOARD. THE INDIVIDUAL TRUSTEES ARE NOT COMPENSATED. CORPORATE TRUSTEE FEES ARE BASED UPON PUBLISHED FEE SCHEDULES. FORM 990, PAGE 6, PART VI, LINE 18 THE CORPORATE TRUSTEE MAKES THE TAX RETURN AND GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. PAPER COPIES WILL BE PROVIDED. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATE TRUSTEE MAKES THE TAX RETURN AND GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. PAPER COPIES WILL BE PROVIDED. EXPLANATION FOR FORM 990, PART XI, LINE 9 MUTUAL FUND TIMING DIFFERENCE (-$186), TAX LOT BASIS ADJ (-$1), COST BASIS ADJ (-$14) NATCHEZ-ADAMS COUNTY PUBLIC SCHOOLS ATTN MS MONICA ANDERSON P O BOX 1188 NATCHEZ MS 39120 646008997 PUBLIC SCHOOL MS 501 (c)(3) 2 NA false false true false false false false false false false false false false false false false false false false false