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Nonprofiteer
← FORRESTAL AGRICULTURAL CORPORATION

Form 990 for tax year 2022

Filed by FORRESTAL AGRICULTURAL CORPORATION.

Totals

Total revenue
$58,705,756
Total expenses
$353,371,763
Contributions and grants received
$53,724,874
Grants paid
$0
Program services expenses (Part IX)
$0
Management and general expenses
$353,371,763
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Andrew Golden

    President, Trustee

    Total calculated
    $10,320,790
    From this org
    $0
    From related orgs
    $6,625,550
    Other
    $3,695,240
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,078,909 related
    Bonus
    $0 + $5,426,202 related
    Other
    $0 + $120,439 related
    Deferred
    $0 + $3,661,851 related
    Nontaxable benefits
    $0 + $33,389 related
    Filer's total
    $0 + $10,320,790 related

  • James Matteo

    Vice President, Trustee

    Total calculated
    $688,625
    From this org
    $0
    From related orgs
    $619,226
    Other
    $69,399
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $546,430 related
    Bonus
    $0
    Other
    $0 + $72,796 related
    Deferred
    $0 + $37,371 related
    Nontaxable benefits
    $0 + $32,028 related
    Filer's total
    $0 + $688,625 related

  • Jonathan Erickson

    Secretary, Trustee

    Total calculated
    $4,303,230
    From this org
    $0
    From related orgs
    $2,984,711
    Other
    $1,318,519
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $664,362 related
    Bonus
    $0 + $2,252,628 related
    Other
    $0 + $67,721 related
    Deferred
    $0 + $1,233,056 related
    Nontaxable benefits
    $0 + $85,463 related
    Filer's total
    $0 + $4,303,230 related

  • Kenneth Molinaro

    Treasurer

    Total calculated
    $322,723
    From this org
    $0
    From related orgs
    $261,294
    Other
    $61,429
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,633 related
    Bonus
    $0
    Other
    $0 + $4,661 related
    Deferred
    $0 + $31,705 related
    Nontaxable benefits
    $0 + $29,724 related
    Filer's total
    $0 + $322,723 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Compensation Information
Compensation is established by the Trustees of Princeton University, a related organization, by using the following methods: Compensation committee, Independent compensation consultant, Form 990 of other organizations, Compensation survey or study, Approval by the board or compensation committee.
Schedule J, Part I, Line 4b Supplemental Nonqualified Retirement Plan
The President of and the Managing Directors of Princeton University Investment Company, a related organization University Department, participated in and received compensation from non-qualified unfunded 457 (f) incentive compensation plans which provide for the deferral of compensation (which amount can increase or decrease substantially depending on the performance of certain market benchmarks), until such compensation is no longer subject to a substantial risk of forfeiture. Part II Deferred compensation from the related organization includes unvested, incentive compensation earned for the period 7/1/22-6/30/23.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349304076

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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