Form 990 for tax year 2022

Filed by CARNEGIE INSTITUTION OF WASHINGTON.

Totals

Total revenue: $129,092,421
Total expenses: $110,650,959
Contributions and grants received: $54,463,490
Grants paid: $678,247
Program service revenue: $9,750,087
Investment income: $64,920,869
Other revenue: -$42,025
Total assets, end of year: $1,306,902,993
Total liabilities, end of year: $232,278,319
Net assets or fund balances, end of year: $1,074,624,674
Program services expenses (Part IX): $83,866,486
Management and general expenses: $23,217,007
Fundraising expenses: $3,567,466
Program service expenses (Part III): $83,866,486

Program services were 75.8% 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.

1e · Government grants (contributions)

$15,102,318
1f · All other contributions, gifts and grants

$39,361,172
1g · Noncash contributions included above

$263,140
2a · Program service revenue: MAGELLAN TELESCOPE PROGRAM

total $4,770,253 · related or exempt $4,770,253
2b · Program service revenue: TELESCOPE NIGHTS

total $805,000 · related or exempt $805,000
2c · Program service revenue: SLOAN DIGITAL SKY SURVEY

total $692,606 · related or exempt $692,606
2d · Program service revenue: GEOCHEMICAL SOCIETY OFFICE

total $286,289 · related or exempt $286,289
2e · Program service revenue: PLANT METAB. ENGRG & SUSTBLTY

total $206,053 · related or exempt $206,053
2f · All other program service revenue

total $2,989,886 · related or exempt $2,989,886
3 · Investment income

total $3,942,530 · unrelated business $2,740,765 · excluded $1,201,765
5 · Royalties

total $240,488 · excluded $240,488
6a · Gross rents

real property $264,125
6b · Less rental expenses

real property $684,540
6c · Rental income or loss

real property -$420,415
6d · Net rental income or loss

total -$420,415 · excluded -$420,415
7a · Gross sales of assets other than inventory

securities $252,274,058 · other assets $4,406,638
7b · Less cost or other basis and sales expenses

securities $191,462,584 · other assets $4,239,773
7c · Gain or loss

securities $60,811,474 · other assets $166,865
7d · Net gain or loss

total $60,978,339 · excluded $60,978,339
11a · Other revenue: MOUNTAIN PRESENCE INCOME

total $104,665 · excluded $104,665
11b · Other revenue: CELL TOWER RENTAL

total $16,261 · unrelated business $16,261
11d · All other revenue

total $16,976 · excluded $16,976
11e · Other revenue, total

$137,902

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $678,247 · program services $678,247
5 · Compensation of officers, directors and key employees

total $4,626,482 · program services $1,548,971 · management and general $2,742,951 · fundraising $334,560
6 · Compensation of disqualified persons

total $674,813 · program services $674,813
7 · Other salaries and wages

total $44,472,466 · program services $38,909,645 · management and general $4,201,049 · fundraising $1,361,772
8 · Pension plan contributions

total $3,288,216 · program services $2,912,069 · management and general $224,120 · fundraising $152,027
9 · Other employee benefits

total $6,054,847 · program services $5,306,424 · management and general $465,842 · fundraising $282,581
10 · Payroll taxes

total $2,937,096 · program services $2,521,222 · management and general $276,298 · fundraising $139,576
11a · Fees: management

total $606,320 · management and general $606,320
11b · Fees: legal

total $145,246 · program services $124,778 · management and general $20,468
11c · Fees: accounting

total $255,000 · management and general $255,000
11d · Fees: lobbying

total $55,787 · management and general $55,787
11f · Fees: investment management

total $4,731,000 · management and general $4,731,000
11g · Fees: other

total $9,475,512 · program services $4,684,156 · management and general $3,966,225 · fundraising $825,131
13 · Office expenses

total $1,064,126 · program services $738,097 · management and general $270,270 · fundraising $55,759
14 · Information technology

total $1,858,285 · program services $870,165 · management and general $968,596 · fundraising $19,524
16 · Occupancy

total $4,043,053 · program services $3,582,554 · management and general $437,016 · fundraising $23,483
17 · Travel

total $2,827,140 · program services $1,588,130 · management and general $1,183,074 · fundraising $55,936
19 · Conferences, conventions and meetings

total $1,117,930 · program services $724,222 · management and general $231,544 · fundraising $162,164
20 · Interest

total $5,182,169 · program services $3,549,114 · management and general $1,633,055
22 · Depreciation, depletion and amortization

total $7,508,863 · program services $7,508,863
23 · Insurance

total $734,649 · program services $137,329 · management and general $597,276 · fundraising $44
24a · Other expenses: RESEARCH EXPENSES

total $5,811,260 · program services $5,747,439 · management and general $59,842 · fundraising $3,979
24b · Other expenses: UBI TAXES

total $498,300 · program services $498,300
24c · Other expenses: ACTUARIAL COSTS

total $309,940 · program services $251,737 · management and general $44,267 · fundraising $13,936
24d · Other expenses: REPAIRS AND MAINTENANCE

total $278,319 · program services $265,892 · management and general $12,305 · fundraising $122
24e · All other expenses

total $1,415,893 · program services $1,044,319 · management and general $234,702 · fundraising $136,872

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $510 · end of year $1,133
2 · Savings and temporary cash investments

beginning of year $29,311,752 · end of year $48,080,111
3 · Pledges and grants receivable

beginning of year $5,464,390 · end of year $8,302,193
4 · Accounts receivable

beginning of year $725,163 · end of year $583,228
5 · Loans and receivables from officers and key people

beginning of year $196,569 · end of year $94,988
7 · Other notes and loans receivable

beginning of year $570,290 · end of year $604,614
9 · Prepaid expenses and deferred charges

beginning of year $68,762,257 · end of year $77,044,620
10a · Land, buildings and equipment: cost or other basis

$262,093,174
10b · Land, buildings and equipment: accumulated depreciation

$159,286,123
10c · Land, buildings and equipment, net

beginning of year $104,556,947 · end of year $102,807,051
11 · Investments: publicly traded securities

beginning of year $679,315,059 · end of year $644,706,186
12 · Investments: other securities

beginning of year $363,840,873 · end of year $371,105,542
15 · Other assets

beginning of year $52,862,199 · end of year $53,573,327
17 · Accounts payable and accrued expenses

beginning of year $10,782,314 · end of year $13,612,467
19 · Deferred revenue

beginning of year $26,886,427 · end of year $46,812,368
25 · Other liabilities

beginning of year $172,991,345 · end of year $171,853,484
27 · Net assets without donor restrictions

beginning of year $361,722,596 · end of year $339,801,935
28 · Net assets with donor restrictions

beginning of year $733,223,327 · end of year $734,822,739

Mission and programs · 2022

Mission

SEE SCHEDULE OTHE MISSION OF THE CARNEGIE INSTITUTION OF WASHINGTON, AS SET FORTH IN ITS ARTICLES OF INCORPORATION UNDER AN ACT OF CONGRESS IN 1904, IS "TO ENCOURAGE, IN THE BROADEST AND MOST LIBERAL MANNER, INVESTIGATION, RESEARCH, AND DISCOVERY, AND THE APPLICATION OF KNOWLEDGE TO THE IMPROVEMENT OF MANKIND."

Activities or mission (Part I)

SEE SCHEDULE O.THE CONDUCT OF SCIENTIFIC DISCOVERY, RESEARCH AND EDUCATION IN THE FIELDS OF PLANT BIOLOGY, DEVELOPMENTAL BIOLOGY, EARTH AND PLANETARY SCIENCES, ASTRONOMY, AND GLOBAL ECOLOGY.

SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY #1CARNEGIE IS A WORLD-RENOWNED CENTER FOR PETROLOGY-THE STUDY OF ROCKS. IT IS ALSO A GLOBAL LEADER IN HIGH-PRESSURE AND HIGH-TEMPERATURE PHYSICS, WHICH ENABLES OUR SCIENTISTS TO MAKE SIGNIFICANT CONTRIBUTIONS TO EARTH, PLANETARY AND MATERIAL SCIENCES. CARNEGIE IS LEADING AN INTERNATIONAL, MULTI-INSTITUTION, CROSS-DISCIPLINARY INITIATIVE DEDICATED TO ACHIEVING A TRANSFORMATIONAL UNDERSTANDING OF EARTH'S DEEP CARBON CYCLE, INCLUDING ITS POORLY CONSTRAINED RESERVOIRS AND FLUXES; THE UNKNOWN ROLE OF DEEP BIOLOGY; AND THE UNEXPLORED INFLUENCES OF THE DEEP CARBON CYCLE ON CRITICAL SOCIETAL CONCERNS RELATED TO ENERGY, THE ENVIRONMENT, AND CLIMATE. CARNEGIE RESEARCHERS ARE CONTRIBUTING TO INTERDISCIPLINARY EFFORTS INVESTIGATING HOW LIFE EVOLVED ON THIS PLANET AND DETERMINING ITS POTENTIAL FOR EXISTING ELSEWHERE. CARNEGIE OBSERVATIONAL AND THEORETICAL ASTRONOMERS COLLABORATE TO TRACE THE EVOLUTION OF THE UNIVERSE FROM THE SPARK OF THE BIG BANG THROUGH STAR AND GALAXY FORMATION; EXPLORE THE STRUCTURE OF THE UNIVERSE; AND PROBE THE MYSTERIES OF DARK MATTER, DARK ENERGY, AND THE EVER-ACCELERATING RATE AT WHICH THE UNIVERSE IS EXPANDING. UNLIKE MOST IN THEIR FIELD, CARNEGIE OBSERVATIONAL ASTRONOMERS DESIGN AND BUILD THEIR OWN INSTRUMENTS TO CAPTURE THE SECRETS OF SPACE. CARNEGIE OPERATES TELESCOPES IN LAS CAMPANAS, CHILE, AT WHICH MUCH OF OUR ASTRONOMICAL RESEARCH IS CONDUCTED. WE ARE FOUNDING PARTNERS IN A CONSORTIUM THAT IS WORKING TO DESIGN, CONSTRUCT, AND OPERATE THE GIANT MAGELLAN TELESCOPE, ONE OF THE NEW CLASS OF EXTREMELY LARGE TELESCOPES, WHICH WILL BE AMONG THE WORLD'S LARGEST GROUND-BASED OPTICAL/INFRARED FACILITIES ONCE IT IS COMPLETED. CARNEGIE ALSO INCLUDES INTERDISCIPLINARY TEAMS OF ASTRONOMERS AND ASTROPHYSICISTS, GEOPHYSICISTS AND GEOCHEMISTS, COSMOCHEMISTS AND PLANETARY SCIENTISTS. THESE GROUPS ARE DISCOVERING PLANETS ORBITING DISTANT STARS; PROBING THE FORMATION AND EVOLUTION OF EARTH, THE MOON, AND OUR SOLAR SYSTEM; AND STUDYING THE CAUSES OF EARTHQUAKES, VOLCANOES, AND OTHER GEOLOGIC PHENOMENA. USING INNOVATIVE APPROACHES TO ECOLOGICAL RESEARCH, CARNEGIE SCIENTISTS ARE UNTANGLING THE COMPLICATED INTERACTIONS BETWEEN EARTH'S LAND, ATMOSPHERE, AND OCEANS TO UNDERSTAND HOW GLOBAL SYSTEMS OPERATE. DEPLOYING A WIDE RANGE OF POWERFUL TOOLS-FROM SATELLITES TO MOLECULAR BIOLOGY TECHNIQUES-THESE SCIENTISTS EXPLORE ISSUES SUCH AS THE GLOBAL CARBON CYCLE, THE ROLE OF LAND AND OCEANIC ECOSYSTEMS, AND OCEAN ACIDIFICATION. OUR ECOLOGISTS ALSO PLAY AN ACTIVE ROLE IN THE PUBLIC ARENA, FROM SERVING ON NATIONAL PANELS AND COMMITTEES THAT INVESTIGATE CLIMATE CHANGE TO IDENTIFYING ENVIRONMENTAL HOT SPOTS FOR CONSERVATION EFFORTS. CARNEGIE BIOLOGISTS REVEAL CRUCIAL BIOCHEMICAL PATHWAYS AND THE GENES THAT ENCODE THEIR FUNCTIONS IN MICROBES, PLANTS, AND ANIMALS. TOGETHER WITH OUR LONGSTANDING EXPERTISE IN MODEL SYSTEM DEVELOPMENT, THIS WORK PROVIDES A FOUNDATION FOR EXPLORING NEW RESEARCH AVENUES THAT DEPLOY CELLULAR AND MOLECULAR APPROACHES TO UNDERSTAND ECOSYSTEM-WIDE AND GLOBAL PHENOMENA RELATED TO CLIMATE CHANGE, INCLUDING CORAL BLEACHING. THEY ALSO STUDY INTERACTIONS BETWEEN THE SPECIES THAT MAKE UP BACTERIAL COMMUNITY ECOSYSTEMS. OUR RESEARCHERS ARE DEMONSTRATING THAT THE INTERSPECIES RELATIONSHIPS IN THE GUT MICROBIOME AFFECT OUR HEALTH, FERTILITY, AND LONGEVITY. SIMILAR DYNAMICS ALLOW MICROBIAL MATS TO THRIVE IN HOT SPRINGS; UNDERSTANDING THEM IMPROVES OUR KNOWLEDGE OF HOW LIFE ADAPTS TO EXTREME CONDITIONS.

Expenses $74,013,789 · Revenue $9,750,087
SEE SCHEDULE O.PROGRAM SERVICE ACTIVITY #2EDUCATION - CARNEGIE, A NON-DEGREE GRANTING ENTITY, IS AN ADVANCED STUDY ORGANIZATION AT WHICH HIGHLY QUALIFIED GRADUATE SCIENTISTS ARE OFFERED POSTGRADUATE AND POSTDOCTORAL TRAINING FOR CAREERS IN EDUCATION AND RESEARCH. CARNEGIE'S POSTDOCTORAL SCIENTIFIC EDUCATION IS PRIMARILY CONDUCTED IN THE LABORATORY OR IN THE FIELD. THE POSTDOCTORAL CURRICULUM IS HEAVILY WEIGHTED TOWARD TRAINING CANDIDATES TO BE CAPABLE RESEARCHERS AND TEACHERS OF RESEARCH. THE FACULTY CONSISTS OF THE PROFESSIONAL STAFF OF CARNEGIE, ALL OF WHOM PURSUE THEIR OWN RESEARCH. CARNEGIE ALSO OFFERS CERTAIN TRAINING OPPORTUNITIES FOR PREDOCTORAL STUDENTS WHO MAY GO ON TO PURSUE ADVANCED DEGREES AT DEGREE-GRANTING INSTITUTIONS, AS WELL AS INTERNSHIP OPPORTUNITIES, BOTH THROUGH FORMAL PROGRAMS AND ON AN INDIVIDUAL, CASE-BY-CASE BASIS. THE FORMAL PROGRAMS, IN PARTICULAR, MAKE AN EFFORT TO PROVIDE RESEARCH OPPORTUNITIES AND ENCOURAGEMENT FOR CONSIDERING STEM CAREERS TO GROUPS WHO ARE TRADITIONALLY UNDERREPRESENTED IN MATHEMATICS AND THE PHYSICAL SCIENCES. CARNEGIE PROGRAMS ALSO TRAIN PUBLIC ELEMENTARY SCHOOL TEACHERS ON HOW TO INCORPORATE INTERACTIVE SCIENCE INSTRUCTION INTO ALL ASPECTS OF THE CURRICULUM; HELPS IMPROVE THE INSTRUCTION OF MATHEMATICS EDUCATION OF PUBLIC SCHOOL CHILDREN BY TRAINING INDIVIDUALS WITH MATHEMATICS OR RELATED DEGREES TO BECOME CLASSROOM INSTRUCTORS; INTRODUCES AND TRAINS HIGH SCHOOL STUDENTS TO CAREER EDUCATION PATHWAYS IN THE FIELD OF BIOTECHNOLOGY; AND MAKES INFORMATION AVAILABLE CONCERNING CARNEGIE'S SCIENTIFIC RESEARCH FINDINGS TO STUDENTS AND THE GENERAL PUBLIC.

Expenses $9,852,697 · Grants $678,247

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

Listed in Part VII

Craig R BarrettCRAIG R BARRETT

TRUSTEE/CHAIRMAN

Total calculated

$0

Hours/week

6
David ThompsonDAVID THOMPSON

TRUSTEE/VICE CHAIRMAN

Total calculated

$0

Hours/week

6
Christine M McCarthyCHRISTINE M MCCARTHY

TRUSTEE

Total calculated

$0

Hours/week

2
Christopher Ts StoneCHRISTOPHER TS STONE

TRUSTEE

Total calculated

$0

Hours/week

1
Cristian SamperCRISTIAN SAMPER

TRUSTEE

Total calculated

$0

Hours/week

2
David SpergelDAVID SPERGEL

TRUSTEE

Total calculated

$0

Hours/week

1
John F CrawfordJOHN F CRAWFORD

TRUSTEE

Total calculated

$0

Hours/week

1
Katherine LappKATHERINE LAPP

TRUSTEE

Total calculated

$0

Hours/week

1
Marshall WaisMARSHALL WAIS

TRUSTEE

Total calculated

$0

Hours/week

2
Mary E MaxonMARY E MAXON

TRUSTEE

Total calculated

$0

Hours/week

1
Michael A DuffyMICHAEL A DUFFY

TRUSTEE

Total calculated

$0

Hours/week

2
Michael LongMICHAEL LONG

TRUSTEE

Total calculated

$0

Hours/week

1
Michael WilsonMICHAEL WILSON

TRUSTEE

Total calculated

$0

Hours/week

1
Ray RothrockRAY ROTHROCK

TRUSTEE

Total calculated

$0

Hours/week

2
Rush D Holt JrRUSH D HOLT JR

TRUSTEE

Total calculated

$0

Hours/week

1
Sandra M FaberSANDRA M FABER

TRUSTEE

Total calculated

$0

Hours/week

1
Stephen Pa FodorSTEPHEN PA FODOR

TRUSTEE

Total calculated

$0

Hours/week

1
Stephen QuakeSTEPHEN QUAKE

TRUSTEE

Total calculated

$0

Hours/week

1
Tom KorzeneckiTOM KORZENECKI

TRUSTEE

Total calculated

$0

Hours/week

1
Dr Eric D IsaacsDR ERIC D ISAACS

PRESIDENT

Total calculated

$929,587

From this org

$762,869

From related orgs

$0

Other

$166,718

Hours/week

40

Schedule J breakdown matched by us

Base

$665,581

Bonus

$75,000

Other

$22,288

Deferred

$135,558

Nontaxable benefits

$31,160

Filer's total

$929,587
Benjamin J AdersonBENJAMIN J ADERSON

GENERAL COUNSEL & SECRETARY

Total calculated

$447,616

From this org

$377,242

From related orgs

$0

Other

$70,374

Hours/week

40

Schedule J breakdown matched by us

Base

$306,559

Bonus

$50,000

Other

$20,683

Deferred

$43,778

Nontaxable benefits

$26,596

Filer's total

$447,616
Michael McCarthyMICHAEL MCCARTHY

CHIEF OPERATING OFFICER (THRU 07/22)

Total calculated

$321,704

From this org

$278,097

From related orgs

$0

Other

$43,607

Hours/week

40

Schedule J breakdown matched by us

Base

$277,655

Bonus

$0

Other

$442

Deferred

$30,879

Nontaxable benefits

$12,728

Filer's total

$321,704
Maisha WilliamsMAISHA WILLIAMS

CHIEF FINANCIAL OFFICER (BEG 04/23)

Total calculated

$0

Hours/week

40
Randy StringerRANDY STRINGER

INTERIM CFO (THRU 04/23)

Total calculated

$0

Hours/week

40
Margaret McFall-NgaiMARGARET MCFALL-NGAI

DIVISION DIRECTOR (BEG 01/22)

Total calculated

$658,297

From this org

$575,108

From related orgs

$0

Other

$83,189

Hours/week

40

Schedule J breakdown matched by us

Base

$473,879

Bonus

$100,000

Other

$1,229

Deferred

$61,000

Nontaxable benefits

$22,189

Filer's total

$658,297
John S MulchaeyJOHN S MULCHAEY

DIVISION DIRECTOR

Total calculated

$614,576

From this org

$550,071

From related orgs

$0

Other

$64,505

Hours/week

40

Schedule J breakdown matched by us

Base

$402,747

Bonus

$146,550

Other

$774

Deferred

$52,902

Nontaxable benefits

$11,603

Filer's total

$614,576
Michael WalterMICHAEL WALTER

DIVISION DIRECTOR

Total calculated

$408,256

From this org

$322,259

From related orgs

$0

Other

$85,997

Hours/week

40

Schedule J breakdown matched by us

Base

$321,071

Bonus

$0

Other

$1,188

Deferred

$57,172

Nontaxable benefits

$28,825

Filer's total

$408,256
Yixian ZhengYIXIAN ZHENG

DIVISION DIRECTOR

Total calculated

$379,182

From this org

$323,137

From related orgs

$0

Other

$56,045

Hours/week

40

Schedule J breakdown matched by us

Base

$301,863

Bonus

$0

Other

$21,274

Deferred

$55,571

Nontaxable benefits

$474

Filer's total

$379,182
Anna M MichalakANNA M MICHALAK

DEPARTMENT DIRECTOR

Total calculated

$375,546

From this org

$327,988

From related orgs

$0

Other

$47,558

Hours/week

40

Schedule J breakdown matched by us

Base

$307,222

Bonus

$0

Other

$20,766

Deferred

$46,757

Nontaxable benefits

$801

Filer's total

$375,546
Zhiyong WangZHIYONG WANG

ACTING DIRECTOR & SNR STF SCI

Total calculated

$298,525

From this org

$243,256

From related orgs

$0

Other

$55,269

Hours/week

40

Schedule J breakdown matched by us

Base

$232,725

Bonus

$0

Other

$10,531

Deferred

$44,054

Nontaxable benefits

$11,215

Filer's total

$298,525
Michael StambaughMICHAEL STAMBAUGH

CHIEF INVESTMENT OFFICER

Total calculated

$1,120,445

From this org

$1,066,281

From related orgs

$0

Other

$54,164

Hours/week

40

Schedule J breakdown matched by us

Base

$540,850

Bonus

$525,000

Other

$431

Deferred

$51,713

Nontaxable benefits

$2,451

Filer's total

$1,120,445
Elena LitchmanELENA LITCHMAN

SCIENTIFIC STAFF MEMBER

Total calculated

$675,401

From this org

$604,144

From related orgs

$0

Other

$71,257

Hours/week

40

Schedule J breakdown matched by us

Base

$233,821

Bonus

$0

Other

$370,323

Deferred

$42,354

Nontaxable benefits

$28,903

Filer's total

$675,401
Jeffrey DukesJEFFREY DUKES

SCIENTIFIC STAFF MEMBER

Total calculated

$585,145

From this org

$541,878

From related orgs

$0

Other

$43,267

Hours/week

40

Schedule J breakdown matched by us

Base

$172,069

Bonus

$0

Other

$369,809

Deferred

$25,438

Nontaxable benefits

$17,829

Filer's total

$585,145
Rebecca BernsteinREBECCA BERNSTEIN

SCIENTIFIC STAFF MEMBER

Total calculated

$368,373

From this org

$337,161

From related orgs

$0

Other

$31,212

Hours/week

40

Schedule J breakdown matched by us

Base

$286,747

Bonus

$50,000

Other

$414

Deferred

$19,488

Nontaxable benefits

$11,724

Filer's total

$368,373
Edward LamadeEDWARD LAMADE

INVESTMENT DIRECTOR

Total calculated

$358,419

From this org

$326,812

From related orgs

$0

Other

$31,607

Hours/week

40

Schedule J breakdown matched by us

Base

$326,632

Bonus

$0

Other

$180

Deferred

$0

Nontaxable benefits

$31,607

Filer's total

$358,419
George D CodyGEORGE D CODY

SCIENTIFIC STAFF MEMBER

Total calculated

$312,536

From this org

$231,882

From related orgs

$0

Other

$80,654

Hours/week

40

Schedule J breakdown matched by us

Base

$230,694

Bonus

$0

Other

$1,188

Deferred

$46,950

Nontaxable benefits

$33,704

Filer's total

$312,536
Seung Yon RheeSEUNG YON RHEE

SENIOR STAFF SCIENTIST

Total calculated

$307,637

From this org

$252,456

From related orgs

$0

Other

$55,181

Hours/week

40

Schedule J breakdown matched by us

Base

$233,119

Bonus

$0

Other

$19,337

Deferred

$43,125

Nontaxable benefits

$12,056

Filer's total

$307,637

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
1a · Travel for companions
1a · Housing allowance or residence for personal use
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Compensation committee
3 · Independent compensation consultant
3 · Compensation survey or study
3 · Approval by the board or compensation committee
4b · Supplemental nonqualified retirement plan
5a · Pay contingent on this organization's revenues
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4c · Equity-based compensation arrangement
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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A: FIRST-CLASS TRAVEL COACH OR ECONOMY CLASS TRAVEL IS THE STANDARD FOR ALL BUSINESS TRAVEL; HOWEVER, THERE ARE CIRCUMSTANCES WHERE BUSINESS CLASS OR PREMIUM CLASS TRAVEL IS PERMITTED ONLY WITH PRE-APPROVAL. THE ORGANIZATION FOLLOWS ITS ACCOUNTABLE PLAN FOR ALL BUSINESS TRAVEL. HOUSING ALLOWANCE CARNEGIE'S POLICIES INCLUDE A PROVISION FOR HOUSING SUBSIDIES IN HIGH-COST AREAS FOR QUALIFYING STAFF MEMBERS. SIX STAFF MEMBERS QUALIFY FOR THE HOUSING ALLOWANCE. THESE BENEFITS ARE TREATED AS TAXABLE COMPENSATION AND INCLUDED ON THE STAFF MEMBER'S FORM W-2. TRAVEL FOR COMPANIONS TRAVEL FOR COMPANIONS WAS ALLOWED PURSUANT TO POLICY AND PAID FOR MR. ISAAC'S SPOUSE. THIS BENEFIT IS INCLUDED WITHIN SCHEDULE J, PART II, COLUMN B(III).
PART I, LINE 4B: SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PER APPROVAL OF THE BOARD AND HIS EMPLOYMENT AGREEMENT, DR. ERIC D. ISAACS ACCRUED $75,000 IN DEFERRED COMPENSATION DURING THE YEAR.
PART I, LINE 5: CONTINGENT COMPENSATION CARNEGIE PAID COMPENSATION UPON AND DETERMINED IN PART BY THE REVENUES OF THE ORGANIZATION TO MICHAEL STAMBAUGH. CONTINGENT COMPENSATION IS REPORTED IN COLUMN B(II) OF SCHEDULE J, PART II.
PART I, LINE 7: NON-FIXED PAYMENTS THE ORGANIZATION ESTABLISHES ANNUAL GOALS AND METRICS FOR ITS EMPLOYEES AND EXECUTIVES. BASED ON ATTAINMENT OF THESE GOALS AND METRICS, CERTAIN EMPLOYEES MAY BE AWARDED A PERFORMANCE BONUS. ALL BONUSES ARE CONSIDERED AS PART OF TOTAL COMPENSATION FOR REASONABLENESS.

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.

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.

CARNEGIE SCIENCE HOLDINGS

C · HOLDING · DE · 100% owned · share of income -$2,514 · share of assets $71,925 · controlled entity

Directly controlled by CIS

Provenance

Return type: form_990
Tax year: 2022
Filed: 10 May 2024
IRS schema version: 2022v5.0
Source object: 202431359349308223

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