Form 990 for tax year 2022
Filed by TSC ALLIANCE ENDOWMENT FUND INC.
Totals
- Total revenue
- $206,655
- Total expenses
- $384,476
- Contributions and grants received
- $44,580
- Grants paid
- $308,000
- Program service revenue
- $0
- Investment income
- $162,075
- Other revenue
- $0
- Total assets, end of year
- $5,620,224
- Total liabilities, end of year
- $119,837
- Net assets or fund balances, end of year
- $5,500,387
- Program services expenses (Part IX)
- $308,000
- Management and general expenses
- $28,631
- Fundraising expenses
- $47,845
- Program service expenses (Part III)
- $308,000
Program services were 80.1% 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.
-
1a · Federated campaigns
$928
-
1f · All other contributions, gifts and grants
$43,652
-
3 · Investment income
total $162,186 · excluded $162,186
-
7a · Gross sales of assets other than inventory
securities $50,000
-
7b · Less cost or other basis and sales expenses
securities $50,111
-
7c · Gain or loss
securities -$111
-
7d · Net gain or loss
total -$111 · excluded -$111
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $308,000 · program services $308,000
-
11b · Fees: legal
total $6,969 · management and general $2,332 · fundraising $4,637
-
11c · Fees: accounting
total $7,457 · management and general $2,495 · fundraising $4,962
-
11f · Fees: investment management
total $14,328 · management and general $4,795 · fundraising $9,533
-
11g · Fees: other
total $28,685 · management and general $9,599 · fundraising $19,086
-
13 · Office expenses
total $11,479 · management and general $1,852 · fundraising $9,627
-
14 · Information technology
total $850 · management and general $850
-
23 · Insurance
total $2,937 · management and general $2,937
-
24a · Other expenses: CHARITABLE REGISTRATION
total $3,771 · management and general $3,771
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $141,504 · end of year $34,017
-
9 · Prepaid expenses and deferred charges
end of year $1,875
-
11 · Investments: publicly traded securities
beginning of year $6,691,013 · end of year $5,577,848
-
15 · Other assets
beginning of year $3,342 · end of year $6,484
-
17 · Accounts payable and accrued expenses
beginning of year $4,446 · end of year $6,386
-
25 · Other liabilities
beginning of year $119,665 · end of year $113,451
-
27 · Net assets without donor restrictions
beginning of year $5,676,477 · end of year $4,634,432
-
28 · Net assets with donor restrictions
beginning of year $1,035,271 · end of year $865,955
Mission and programs · 2022
Mission
SEE SCHEDULE O.
Activities or mission (Part I)
INVEST GIFTS TO GENERATE AN INCOME STREAM TO HELP FULFILL THE MISSION OF THE TSC ALLIANCE.
-
DIRECT GIFTS AND EXPENSES INCURRED IN GENERATING GIFTS TO SUPPORT THE MISSION OF THE TSC ALLIANCE.
Expenses $308,000 · Grants $308,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MARION S ADAMS
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL AUGUSTINE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
HAL TEARSE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
WILLIAM JOSEPH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
PAUL WAXLAX
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
RITA DIDOMENICO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT GROVES III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BRITTANY SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KARI LUTHER ROSBECK
PRESIDENT & CEO
- Total calculated
- $249,382
- From this org
- $2,756
- From related orgs
- $217,716
- Other
- $28,910
- Hours/week
- 1 + 54 related
Schedule J breakdown matched by us
- Base
- $2,430 + $191,956 related
- Bonus
- $323 + $25,505 related
- Other
- $3 + $255 related
- Deferred
- $0 + $6,882 related
- Nontaxable benefits
- $0 + $22,028 related
- Filer's total
- $2,756 + $246,626 related
-
CYNTHIA ARCURI
CHIEF FINANCIAL OFFICER
- Total calculated
- $167,857
- From this org
- $11,324
- From related orgs
- $146,692
- Other
- $9,841
- Hours/week
- 3 + 42 related
Schedule J breakdown matched by us
- Base
- $10,963 + $142,007 related
- Bonus
- $358 + $4,642 related
- Other
- $3 + $43 related
- Deferred
- $0 + $3,199 related
- Nontaxable benefits
- $0 + $6,642 related
- Filer's total
- $11,324 + $156,533 related
-
RICHARD GOLLUB
CHIEF FINANCIAL OFFICER
- Total calculated
- $93,619
- From this org
- $4,241
- From related orgs
- $80,583
- Other
- $8,795
- Hours/week
- 3 + 42 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, 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
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
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
- 6a · Pay contingent on this 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
- THE TSC ALLIANCE, A RELATED ENTITY, USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE PRESIDENT & CEO: COMPENSATION COMMITTEE, COMPENSATION STUDY OR SURVEY, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
- PART I, LINE 5
- KARI LUTHER ROSBECK, CYNTHIA ARCURI, AND RICHARD GOLLUB EACH HAVE INCENTIVE COMPENSATION EQUAL TO A PERCENTAGE OF THEIR SALARIES BASED ON KEY PERFORMANCE OBJECTIVES AS ESTABLISHED BY THE COMPENSATION COMMITTEE.
- PART I, LINE 6
- KARI LUTHER ROSBECK, CYNTHIA ARCURI, AND RICHARD GOLLUB EACH HAVE INCENTIVE COMPENSATION EQUAL TO A PERCENTAGE OF THEIR SALARIES BASED ON KEY PERFORMANCE OBJECTIVES AS ESTABLISHED BY THE 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
-
PROGRAM SUPPORT
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.
-
NATIONAL TUBEROUS SCLEROSIS ASSOCIATION
501(C)(3) · RESEARCH · MD
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341049349301204
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