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Nonprofiteer
← TUSO

Form 990 for tax year 2023

Filed by TUSO.

Totals

Total revenue
$6,486,467
Total expenses
$658,065
Contributions and grants received
$4,741,366
Grants paid
$560,899
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$560,899
Management and general expenses
$97,166
Fundraising expenses
$0
Program service expenses (Part III)
$560,899

Program services were 85.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • TUCC INC

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • MIKE FALDER

    PRESIDENT

    Total calculated
    $192,450
    From this org
    $0
    From related orgs
    $157,723
    Other
    $34,727
    Hours/week
    0.3 + 50.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,723 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,510 related
    Nontaxable benefits
    $0 + $26,217 related
    Filer's total
    $0 + $192,450 related

  • DAVID MELILLI

    VICE PRESIDENT & EXECUTIVE

    Total calculated
    $0
    Hours/week
    0.3 + 40 related

  • STEPHEN P OLSON

    SECRETARY & TREASURER

    Total calculated
    $200,991
    From this org
    $0
    From related orgs
    $164,078
    Other
    $36,913
    Hours/week
    0.3 + 50.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,078 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,483 related
    Nontaxable benefits
    $0 + $27,430 related
    Filer's total
    $0 + $200,991 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)

PART I, LINE 3
THE COMPENSATION OF RELATED ORGANIZATION EMPLOYEES IS DETERMINED BY THE RELATED ORGANIZATION, TAYLOR UNIVERSITY. THE FOLLOWING METHODS WERE USED WHEN SETTING THE COMPENSATION FOR THE PRESIDENT OF TAYLOR UNIVERSITY: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE INDEPENDENT MEMBERS OF THE BOARD OR EXECUTIVE COMMITTEE.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TUSO-COLLINS LLC

    GRANTS TO QUALIFIED CHARITIES · DE · assets $0

    Directly controlled by TUSO

  • TUSO-JONES LLC

    GRANTS TO QUALIFIED CHARITIES · DE · income $1,132,783 · assets $13,564,835

    Directly controlled by TUSO

  • TUSO-MINISTRY PARTNERS LLC

    GRANTS TO QUALIFIED CHARITIES · DE · assets $150,000

    Directly controlled by TUSO

  • TUSO-RUPP LLC

    GRANTS TO QUALIFIED CHARITIES · DE · assets $315,000

    Directly controlled by TUSO

Related corporations and trusts

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

  • CHARITABLE REMAINDER TRUSTS (1)

    T · CHARITABLE TRUSTS · FL · controlled entity

    Directly controlled by TAYLOR UNIVERSITY

  • CHARITABLE REMAINDER TRUSTS (8)

    T · CHARITABLE TRUSTS · IN · controlled entity

    Directly controlled by TAYLOR UNIVERSITY

  • CHARITABLE REMAINDER TRUSTS (2)

    T · CHARITABLE TRUSTS · MI · controlled entity

    Directly controlled by TAYLOR UNIVERSITY

  • CHARITABLE REMAINDER TRUSTS (1)

    T · CHARITABLE TRUSTS · MO · controlled entity

    Directly controlled by TAYLOR UNIVERSITY

  • CHARITABLE REMAINDER TRUSTS (1)

    T · CHARITABLE TRUSTS · OH · controlled entity

    Directly controlled by TAYLOR UNIVERSITY

  • CHARITABLE REMAINDER TRUSTS (1)

    T · CHARITABLE TRUSTS · CA · controlled entity

    Directly controlled by TAYLOR UNIVERSITY

  • POOLED INCOME FUNDS (2)

    T · POOLED INCOME FUND · DE · controlled entity

    Directly controlled by TAYLOR UNIVERSITY

  • 1846 REAL ESTATE - KERSHNER COMMONS LLC

    C · REAL ESTATE · IN

    Directly controlled by 1846 ENTERPRISES INC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349314419

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