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Nonprofiteer
← MURRAY 1693 SCHOLARS FOUNDATION

Form 990 for tax year 2022

Filed by MURRAY 1693 SCHOLARS FOUNDATION.

Totals

Total revenue
$522,623
Total expenses
$777,275
Contributions and grants received
$211,341
Grants paid
$650,253
Program service revenue
$0
Investment income
$311,282
Other revenue
$0
Total assets, end of year
$18,525,700
Total liabilities, end of year
$4,197
Net assets or fund balances, end of year
$18,521,503
Program services expenses (Part IX)
$650,253
Management and general expenses
$127,022
Fundraising expenses
$0
Program service expenses (Part III)
$650,253

Program services were 83.7% 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

    $101,888

  • 1f · All other contributions, gifts and grants

    $109,453

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $228,108 · excluded $228,108

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,766,684

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

    securities $1,683,510

  • 7c · Gain or loss

    securities $83,174 · other assets $0

  • 7d · Net gain or loss

    total $83,174 · excluded $83,174

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $650,253 · program services $650,253

  • 11c · Fees: accounting

    total $1,312 · management and general $1,312

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $11,744 · management and general $11,744

  • 23 · Insurance

    total $1,136 · management and general $1,136

  • 24a · Other expenses: 1693 PF Expenses for endowment management

    total $85,985 · management and general $85,985

  • 24b · Other expenses: STAFF COMPENSATION

    total $26,845 · management and general $26,845

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $352,226 · end of year $477,931

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $17,485,975 · end of year $18,047,769

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,945 · end of year $4,197

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $226,121 · end of year $290,721

  • 28 · Net assets with donor restrictions

    beginning of year $17,608,135 · end of year $18,230,782

Mission and programs · 2022

Mission

SUPPORT OF THE WILLIAM & MARY 1693 SCHOLARS PROGRAM

  • PROVIDE GENERAL FUNDING FOR THE WILLIAM & MARY 1693 SCHOLARS PROGRAM IN ORDER TO PROVIDE SCHOLARSHIP FUNDING FOR STUDENTS CHOSEN AS 1693 SCHOLARS THROUGH THIS SCHOLARSHIP PROGRAM.

    Expenses $650,253 · Grants $650,253

As filed on the 2022 return.

Listed in Part VII

  • JAMES B MURRAY JR

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.2

  • DANIEL A CRISTOL

    DIRECTOR

    Total calculated
    $184,822
    From this org
    $0
    From related orgs
    $141,648
    Other
    $43,174
    Hours/week
    0.2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,930 related
    Bonus
    $0 + $1,500 related
    Other
    $0 + $1,218 related
    Deferred
    $0 + $15,283 related
    Nontaxable benefits
    $0 + $27,891 related
    Filer's total
    $0 + $184,822 related

  • JEAN B ESTES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • KATHERINE A ROWE

    DIRECTOR

    Total calculated
    $1,000,393
    From this org
    $0
    From related orgs
    $907,712
    Other
    $92,681
    Hours/week
    0.2 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $816,320 related
    Bonus
    $0 + $82,613 related
    Other
    $0 + $8,779 related
    Deferred
    $0 + $65,331 related
    Nontaxable benefits
    $0 + $27,350 related
    Filer's total
    $0 + $1,000,393 related

  • LISA RODAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • MICHAEL P HENNESSY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • W EDWARD BRIGHT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • AMY S SEBRING

    SECRETARY/TREASURER (ENDED 10/22)

    Total calculated
    $433,172
    From this org
    $0
    From related orgs
    $368,752
    Other
    $64,420
    Hours/week
    0.5 + 52 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,191 related
    Bonus
    $0 + $18,000 related
    Other
    $0 + $1,561 related
    Deferred
    $0 + $35,536 related
    Nontaxable benefits
    $0 + $28,884 related
    Filer's total
    $0 + $433,172 related

  • Cindy L Gass

    SECRETARY/TREASURER (BEGAN 10/22)

    Total calculated
    $195,047
    From this org
    $0
    From related orgs
    $166,204
    Other
    $28,843
    Hours/week
    0.5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,510 related
    Bonus
    $0 + $17,775 related
    Other
    $0 + $1,919 related
    Deferred
    $0 + $21,619 related
    Nontaxable benefits
    $0 + $7,224 related
    Filer's total
    $0 + $195,047 related

  • TERESA L MUNFORD

    BUSINESS MANAGER

    Total calculated
    $126,405
    From this org
    $0
    From related orgs
    $103,682
    Other
    $22,723
    Hours/week
    8 + 32 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
PERSONEL COSTS ARE REIMBURSED BY MURRAY 1693 SCHOLARS FOUNDATION ("FOUNDATION") TO WILLIAM & MARY BASED ON PERCENTAGE OF TIME WORKED FOR THE FOUNDATION. THE FOUNDATION HAS NO EMPLOYEES OF RECORD; ALL PAY REFLECTED FOR OFFICERS OR KEY EMPLOYEES IS FROM WILLIAM AND MARY AND REPRESENTS COMPENSATION FOR THEIR SERVICES IN THEIR POSITIONS AT THE COLLEGE. COMPENSATION IS DETERMINED IN ACCORDANCE WITH THE COLLEGE'S PAY PRACTICES WHICH INCLUDES CONSIDERATION OF RELEVANT MARKET DATA.

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.

  • RELIANCE HOLDINGS LLC

    C Corporation · HOLD MEMBERSHIP INTEREST IN NEW TOWN ASSOCIATES LLC · VA

    Directly controlled by THE COLLEGE OF WILLIAM & MARY REAL ESTATE FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349307674

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