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Nonprofiteer
← UCAR EXCHANGE

Form 990 for tax year 2022

Filed by UCAR EXCHANGE.

Totals

Total revenue
$1,449,878
Total expenses
$3,978,804
Contributions and grants received
$0
Grants paid
$3,869,566
Program service revenue
$0
Investment income
$91,828
Other revenue
$1,358,050
Total assets, end of year
$4,877,329
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$4,877,329
Program services expenses (Part IX)
$3,869,566
Management and general expenses
$109,238
Fundraising expenses
$0
Program service expenses (Part III)
$3,869,566

Program services were 97.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $91,828 · unrelated business -$4,393 · excluded $96,221

  • 5 · Royalties

    total $1,358,050 · excluded $1,358,050

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,869,566 · program services $3,869,566

  • 11g · Fees: other

    total $13,165 · management and general $13,165

  • 15 · Royalties

    total $74,034 · management and general $74,034

  • 20 · Interest

    total $22,039 · management and general $22,039

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,331,255 · end of year $4,752,522

  • 7 · Other notes and loans receivable

    beginning of year $75,000 · end of year $124,807

  • 27 · Net assets without donor restrictions

    beginning of year $7,406,255 · end of year $4,877,329

Mission and programs · 2022

Mission

TO ASSUME AND FOSTER CERTAIN CHARITABLE ACTIVITIES OF THE UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH (UCAR). THESE INCLUDE DEVELOPMENT OF SCIENTIFIC INNOVATIONS, RELATED RESEARCH, AND APPLICATION OF SCIENTIFIC ADVANCES FOR THE BENEFIT OF THE GENERAL PUBLIC. ONE OF THE OBJECTIVES OF THE EXCHANGE IS TO PURSUE OPPORTUNITIES TO DEVELOP AND LICENSE SCIENTIFIC AND ENGINEERING ADVANCES GENERATED BY UCAR'S RESEARCH.

Activities or mission (Part I)

PURSUE OPPORTUNITIES TO DEVELOP & LICENSE SCIENTIFIC & ENGINEERING ADVANCES.

  • SUPPORT, PROMOTE AND LICENSE WHEN WARRANTED, SCIENTIFIC AND ENGINEERING RESULTS OF RESEARCH IN THE ATMOSPHERIC SCIENCES.

    Expenses $3,869,566 · Grants $3,869,566

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Antonio Busalacchi

    DIRECTOR/UCAR PRESIDENT

    Total calculated
    $640,181
    From this org
    $0
    From related orgs
    $593,341
    Other
    $46,840
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $593,341 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $16,340 related
    Filer's total
    $0 + $640,181 related

  • Erika Smith

    TREASURER

    Total calculated
    $283,317
    From this org
    $0
    From related orgs
    $242,599
    Other
    $40,718
    Hours/week
    15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,599 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $25,219 related
    Nontaxable benefits
    $0 + $15,499 related
    Filer's total
    $0 + $283,317 related

  • Steve Berens

    PRESIDENT AND CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Anderson

    GENERAL COUNSEL/SECRETARY

    Total calculated
    $0
    Hours/week
    15

  • Carlos Cruz Abrams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shuyi Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Stephan Reckie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Robert Serafin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Celeste Stragand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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, and on a Form 990-PF Part VIII's — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
UCAR EXCHANGE HAS NO EMPLOYEES. ALL COMPENSATION FOR KEY EXECUTIVES IS DETERMINED AND PAID BY UNIVERSITY CORPORATION FOR ATMOSPHERIC RESEARCH (UCAR), A RELATED TAX-EXEMPT ORGANIZATION. UCAR EXCHANGE RELIES ON THE METHODS USED BY UCAR IN ESTABLISHING COMPENSATION INCLUDING: INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

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
14 August 2024
IRS schema version
2022v5.0
Source object
202402279349303855

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