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Nonprofiteer
← FOUNDATION FOR RESEARCH

Form 990 for tax year 2023

Filed by FOUNDATION FOR RESEARCH.

Totals

Total revenue
$8,084,942
Total expenses
$3,959,908
Contributions and grants received
$3,100,000
Grants paid
$2,575,000
Program service revenue
$0
Investment income
$4,984,942
Other revenue
$0
Total assets, end of year
$153,158,382
Total liabilities, end of year
$126,062
Net assets or fund balances, end of year
$153,032,320
Program services expenses (Part IX)
$3,098,455
Management and general expenses
$861,453
Fundraising expenses
$0
Program service expenses (Part III)
$3,098,455

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Robert M Wallace

    Trustee, President

    Total calculated
    $761,256
    From this org
    $203,362
    From related orgs
    $460,094
    Other
    $97,800
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $203,362 + $460,094 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $15,907 + $81,893 related
    Filer's total
    $219,269 + $541,987 related

  • Jarred W Sloan

    Trustee, Vice President, Treasurer

    Total calculated
    $761,256
    From this org
    $168,007
    From related orgs
    $495,449
    Other
    $97,800
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $168,007 + $495,449 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $10,604 + $87,196 related
    Filer's total
    $178,611 + $582,645 related

  • Lynn P Carter

    Trustee

    Total calculated
    $761,256
    From this org
    $97,315
    From related orgs
    $566,141
    Other
    $97,800
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $97,315 + $566,141 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $97,800 related
    Filer's total
    $97,315 + $663,941 related

  • Joan S Dunlap

    Trustee,VP,Assistant Secretary

    Total calculated
    $588,105
    From this org
    $94,995
    From related orgs
    $405,091
    Other
    $88,019
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $94,995 + $405,091 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $3,767 + $84,252 related
    Filer's total
    $98,762 + $489,343 related

  • Brian W Crozier

    Trustee, Chairman

    Total calculated
    $395,392
    From this org
    $97,315
    From related orgs
    $247,991
    Other
    $50,086
    Hours/week
    2 + 13 related

    Schedule J breakdown matched by us

    Base
    $97,315 + $247,991 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $50,086 related
    Filer's total
    $97,315 + $298,077 related

  • Thomas J Brorby Deceased

    Trustee, Chairman

    Total calculated
    $303,562
    From this org
    $80,872
    From related orgs
    $206,090
    Other
    $16,600
    Hours/week
    2 + 13 related

    Schedule J breakdown matched by us

    Base
    $80,872 + $206,090 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $16,600 related
    Filer's total
    $80,872 + $222,690 related

  • Robert L Evans

    VP, Assistant Treasurer

    Total calculated
    $291,846
    From this org
    $0
    From related orgs
    $210,000
    Other
    $81,846
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $210,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $81,846 related
    Filer's total
    not reported + $291,846 related

  • John Russell Beekman

    Vice President

    Total calculated
    $153,603
    From this org
    $113,678
    From related orgs
    $0
    Other
    $39,925
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $113,678
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $39,925
    Filer's total
    $153,603

  • Christopher MacKenzie

    Vice President, Secretary

    Total calculated
    $0
    Hours/week
    1 + 2 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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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 1a: Relevant information in regards to selections on 1a.
Part II, Compensation from Unrelated Organizations
Part 1, Line 1a - Foundation representatives on Foundation business may travel first class under the travel policy approved by the Board but such persons sometimes fly economy, depending upon routes and convenience of flight schedules. The policy does not permit charter travel, and no charter travel was provided to any such persons.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349308722

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