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Nonprofiteer
← DR ALVIN R CALMAN PROFESSORSHIP

Form 990 for tax year 2022

Filed by DR ALVIN R CALMAN PROFESSORSHIP.

Totals

Total revenue
$62,420
Total expenses
$4,193
Contributions and grants received
$189
Grants paid
$0
Program service revenue
$0
Investment income
$62,231
Other revenue
$0
Total assets, end of year
$1,621,356
Total liabilities, end of year
$32,976
Net assets or fund balances, end of year
$1,588,380
Program services expenses (Part IX)
$0
Management and general expenses
$4,193
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $189

  • 3 · Investment income

    total $67,159 · excluded $67,159

  • 7a · Gross sales of assets other than inventory

    securities $42,218

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

    securities $47,146

  • 7c · Gain or loss

    securities -$4,928

  • 7d · Net gain or loss

    total -$4,928 · excluded -$4,928

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $4,193 · management and general $4,193

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $120,524 · end of year $152,105

  • 11 · Investments: publicly traded securities

    beginning of year $1,766,610 · end of year $1,467,834

  • 15 · Other assets

    beginning of year $1,291 · end of year $1,417

  • 25 · Other liabilities

    beginning of year $0 · end of year $32,976

  • 27 · Net assets without donor restrictions

    beginning of year $1,888,425 · end of year $1,588,380

Mission and programs · 2022

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

THE TRUST PROVIDES FUNDING VIA ENDOWMENT FOR THE ALVIN R. CALMAN ENDOWED CHAIRS FACULTY POSITIONS AT CALDWELL UNIVERSITY. THE SELECTION OF RECIPIENTS FOR THIS HONOR IS BASED ON FACULTY MEMBERS' PRIOR SCHOLARLY ACTIVITY, AS WELL AS THE POTENTIAL FOR CONTINUED HIGH LEVELS OF SCHOLARLY ACTIVITY.

  • THE EXPENSES FOR THE ADMINISTRATION OF THIS TRUST, ASIDE FROM INVESTMENT MANAGEMENT FEES, ARE A CONTRIBUTION OF SERVICES BY CALDWELL UNIVERSITY, A RELATED ORGANIZATION. THE TRUSTEES, WHO ARE OFFICERS OR EMPLOYEES OF CALDWELL UNIVERSITY DEVOTE THEIR TIME TO THIS TRUST IN A VOLUNTEER CAPACITY. DUE TO THE COVID-19 PANDEMIC RESTRICTIONS, THERE WAS A HIATUS ON CONDUCTING RESEARCH.

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Ketan Ghandi

    CFO

    Total calculated
    $178,968
    From this org
    $0
    From related orgs
    $173,456
    Other
    $5,512
    Hours/week
    0.01 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,847 related
    Bonus
    $0
    Other
    $0 + $609 related
    Deferred
    $0 + $5,512 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $178,968 related

  • Dr Matthew Whelan

    TRUSTEE

    Total calculated
    $398,439
    From this org
    $0
    From related orgs
    $344,516
    Other
    $53,923
    Hours/week
    0.01 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,000 related
    Bonus
    $0
    Other
    $0 + $10,516 related
    Deferred
    $0 + $10,632 related
    Nontaxable benefits
    $0 + $43,291 related
    Filer's total
    $0 + $398,439 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

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

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
26 April 2023
IRS schema version
2022v5.0
Source object
202301169349301615

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