Skip to content
Nonprofiteer
← SN PHELPS RESEARCH INSTITUTE INC

Form 990 for tax year 2024

Filed by SN PHELPS RESEARCH INSTITUTE INC.

Totals

Total revenue
$4,232
Total expenses
$1,091,375
Contributions and grants received
$10,000
Grants paid
$1,086,500
Program service revenue
$0
Investment income
$33,640
Other revenue
-$39,408
Total assets, end of year
$13,203,830
Total liabilities, end of year
$9,275
Net assets or fund balances, end of year
$13,194,555
Program services expenses (Part IX)
$1,086,500
Management and general expenses
$4,875
Fundraising expenses
$0
Program service expenses (Part III)
$1,086,500

Program services were 99.6% 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.

  • 1f · All other contributions, gifts and grants

    $10,000

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,150 · excluded $2,150

  • 5 · Royalties

    total $8,995 · excluded $8,995

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $31,490

  • 7c · Gain or loss

    securities $31,490 · other assets $0

  • 7d · Net gain or loss

    total $31,490 · excluded $31,490

  • 11a · Other revenue: Plus Ultra LLC

    total -$48,403 · unrelated business -$48,403

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    -$48,403

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,086,500 · program services $1,086,500

  • 11c · Fees: accounting

    total $4,700 · management and general $4,700

  • 11g · Fees: other

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

  • 24a · Other expenses: business registration fees

    total $175 · management and general $175

  • 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 $150 · end of year $1,246

  • 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 $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $14,279,584 · end of year $13,202,584

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,050 · end of year $8,750

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $350 · end of year $525

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,275,334 · end of year $13,194,555

Mission and programs · 2024

Mission

To Further Christian or Educational Purposes.

  • During 2024, the Organization made a variety of grants to 10 organizations totaling $1,086,500.

    Expenses $1,086,500 · Grants $1,086,500

As filed on the 2024 return.

Listed in Part VII

  • Fred J Boling Jr

    Chairman & President and Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robert E Curry

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Sheldon M Schuster

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Amanda S Conner

    Secretary & Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Richard E Wallach

    Asst Secretary & Asst Treasurer

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants 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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Plus Ultra LLC

    Unrelated · Holding Company · FL · 71.8% owned · share of income $126,089 · share of assets $12,745

    Directly controlled by SN Phelps Research Institute Inc

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533189349314473

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.