Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $1,307,495 · excluded $1,307,495

• 7a · Gross sales of assets other than inventory

  securities $30,791,140

• 7b · Less cost or other basis and sales expenses

  securities $23,963,190

• 7c · Gain or loss

  securities $6,827,950

• 7d · Net gain or loss

  total $6,827,950 · excluded $6,827,950

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,722,966 · program services $5,722,966

• 11f · Fees: investment management

  total $571,128 · management and general $571,128

• 24a · Other expenses: UBIT EXPENSE

  total $248 · management and general $248

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $9,508,150 · end of year $15,729,283

• 7 · Other notes and loans receivable

  beginning of year $657,951 · end of year $541,233

• 11 · Investments: publicly traded securities

  beginning of year $21,027,312 · end of year $26,246,674

• 12 · Investments: other securities

  beginning of year $90,383,704 · end of year $90,484,520

• 17 · Accounts payable and accrued expenses

  beginning of year $200,798 · end of year $0

• 28 · Net assets with donor restrictions

  beginning of year $121,376,319 · end of year $133,001,710

The filer's explanations (Part III)

PART I, LINE 3

ROBERTSON RESEARCH FUND DOES NOT PAY ANY EMPLOYEES, INSTEAD ALL ARE PAID BY COLD SPRING HARBOR LABORATORY (CSHL), THE RELATED PARENT COMPANY. CSHL DETERMINES COMPENSATION THROUGH AN EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ON RECOMMENDATION FROM A COMPENSATION REVIEW & ADVISORY SUB-COMMITTEE. THE VP OF HUMAN RESOURCES REPORTS DIRECTLY TO THE COMPENSATION REVIEW & ADVISORY SUB-COMMITTEE WHICH IS MADE UP OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES. REPORTING INCLUDES COMPARABILITY DATA AND OTHER INFORMATION GATHERED AT THE REQUEST OF THE SUB-COMMITTEE. CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DISCUSSION IS MAINTAINED BY THE VP OF HUMAN RESOURCES.

PART I, LINE 4A:

SCOTT QUEHL, CHIEF FINANCIAL OFFICER, RECEIVED A SEVERANCE PAYMENT OF $151,344.

PART I, LINE 4B:

THE LABORATORY PROVIDES A SMALL GROUP OF SENIOR STAFF MEETING CERTAIN REQUIREMENTS A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. THE AMOUNTS SHOWN IN PART II, COLUMN F REPRESENT CONTRIBUTIONS MADE BY CSHL TO THIS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) ON BEHALF OF DR. BRUCE STILLMAN OVER 27 YEARS. THESE AMOUNTS HAVE BEEN REPORTED AS PART OF HIS DEFERRED COMPENSATION IN PRIOR 990 FILINGS. THE AMOUNTS IN COLUMN F ARE COMBINED WITH THE INVESTMENT APPRECIATION ON THESE PRIOR YEAR CONTRIBUTIONS AND REPORTED IN THE OTHER REPORTABLE COMPENSATION, COLUMN B (III) OF DR. STILLMAN. FOR DR. STILLMAN, THE INVESTMENT APPRECIATION IN SERP ASSETS OVER 27 YEARS WAS $1,171,658. HE WAS REQUIRED TO TAKE A LUMP SUM DISTRIBUTION IN 2023. PART II, COLUMN B (III) SEE SUPPLEMENTAL EXECUTIVE RETIREMENT (SERP) MANDATORY LUMP SUM DISTRIBUTIONS FOR DR. BRUCE STILLMAN AS DESCRIBED ABOVE. OTHER REPORTABLE COMPENSATION OF DR. STILLMAN INCLUDE CLUB DUES AND TAXABLE INCOME ON GROUP TERM LIFE POLICIES PAID BY THE LABORATORY.