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Nonprofiteer
← 1693 PARTNERS FUND

Form 990 for tax year 2022

Filed by 1693 PARTNERS FUND.

Totals

Total revenue
$123,902,760
Total expenses
$46,682,305
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$46,682,305
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$46,682,305

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ELIZABETH CABELL JENNINGS

    CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JODY W FORSYTH

    VICE CHAIR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • ANDREW W HORROCKS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • CLIFFORD B FLEET III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • DARPAN SUBHASH KAPADIA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID J JALLITS

    TRUSTEE (TERM ENDED 10/22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID R COVIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • EUGENE P FOLEY

    TRUSTEE (TERM BEGAN 10/2022)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • J SCOTT PERKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES A HIXON

    TRUSTEE (TERM BEGAN 10/2022)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES E MALLORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KARIM HK AHAMED

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PAUL R ECKERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • AMY S SEBRING

    SECRETARY/TREASURER (ENDED 9/22)

    Total calculated
    $108,293
    From this org
    $0
    From related orgs
    $92,188
    Other
    $16,105
    Hours/week
    1 + 14 related

  • CATHERINE MOUNTJOY

    CHIEF OPERATING OFFICER

    Total calculated
    $557,263
    From this org
    $0
    From related orgs
    $511,339
    Other
    $45,924
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,746 related
    Bonus
    $0 + $278,846 related
    Other
    $0 + $747 related
    Deferred
    $0 + $20,198 related
    Nontaxable benefits
    $0 + $25,726 related
    Filer's total
    $0 + $557,263 related

  • F BRIAN HIESTAND

    CHIEF INVESTMENT OFFICER

    Total calculated
    $930,257
    From this org
    $0
    From related orgs
    $866,051
    Other
    $64,206
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,770 related
    Bonus
    $0 + $548,645 related
    Other
    $0 + $1,636 related
    Deferred
    $0 + $32,200 related
    Nontaxable benefits
    $0 + $32,006 related
    Filer's total
    $0 + $930,257 related

  • WILLIAM D COPAN JR

    CHIEF OPERATING OFFICER/ASSISTANT TREASURER (ENDED 9/22)

    Total calculated
    $229,321
    From this org
    $0
    From related orgs
    $195,079
    Other
    $34,242
    Hours/week
    37.5 + 12.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,844 related
    Bonus
    $0 + $500 related
    Other
    $0 + $5,735 related
    Deferred
    $0 + $17,720 related
    Nontaxable benefits
    $0 + $16,522 related
    Filer's total
    $0 + $229,321 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 — 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
WILLIAM & MARY (THE UNIVERSITY) IS THE COMMON PAYMASTER FOR EMPLOYEES OF WILLIAM & MARY FOUNDATION (THE FOUNDATION), THE CONTROLLING ORGANIZATION OF 1693 PARTNERS FUND (THE ORGANIZATION). THE UNIVERSITY AND THE FOUNDATION ARE NOT RELATED ENTITIES AND THE FOUNDATION REIMBURSES THE UNIVERSITY FOR THE SALARY AND BENEFIT COSTS FOR FOUNDATION EMPLOYEES FOR SERVICES PERFORMED EXCLUSIVELY FOR THE FOUNDATION AND ITS CONTROLLED ORGANIZATIONS. COMPENSATION IS GENERALLY ESTABLISHED WITHIN THE GUIDELINES OF THE UNIVERSITY, INCLUDING COMPARABLE MARKET DATA AS APPROPRIATE. COMPENSATION FOR THE CHIEF INVESTMENT OFFICER IS DETERMINED IN PART BY THE BOARD OF MANAGERS OF 1693 MANAGEMENT COMPANY LLC (THE INVESTMENT MANAGER OF THE FUND - A WHOLLY OWNED SUBSIDIARY OF W&M FOUNDATION), WHICH CONSIDERED A SURVEY OF COMPENSATION OF INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS.
Schedule J, Part I, Line 7 NON-FIXED PAYMENTS
The Bonus & Incentive Compensation listed in Part II for the Chief Investment Officer and Chief Operating Officer includes amounts that were awarded in Calendar Year 2021 but paid to the employee in Calendar Year 2022.
Schedule J, Part II COMPENSATION FROM UNRELATED ORGANIZATION
THE INDIVIDUALS LISTED IN PART II ARE COMPENSATED BY WILLIAM & MARY, THE COMMON PAYMASTER FOR EMPLOYEES OF WILLIAM & MARY FOUNDATION. THE FOUNDATION AND THE UNIVERSITY ARE NOT RELATED ENTITIES. 1693 MANAGEMENT COMPANY LLC (THE INVESTMENT MANAGER OF THE FUND - A WHOLLY OWNED SUBSIDIARY OF W&M FOUNDATION), REIMBURSES THE UNIVERSITY FOR ALL COMPENSATION COSTS OF THE ORGANIZATION, WHICH ARE PAID BY 1693 PARTNERS FUND FOR ALL OR A PORTION OF THE COMPENSATION FOR THESE INDIVIDUALS BASED ON THE INVESTMENT MANAGEMENT AGREEMENT BETWEEN 1693 PARTNERS FUND AND 1693 MANAGEMENT COMPANY.

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
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349310972

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