Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREMIUMS EARNED

  total $3,310,000 · related or exempt $3,310,000

• 3 · Investment income

  total $324,171 · excluded $324,171

• 7a · Gross sales of assets other than inventory

  securities $6,383,961

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

  securities $3,868,595

• 7c · Gain or loss

  securities $2,515,366

• 7d · Net gain or loss

  total $2,515,366 · excluded $2,515,366

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $4,642,300 · program services $4,642,300

• 11a · Fees: management

  total $50,000 · management and general $50,000

• 11b · Fees: legal

  total $10,600 · management and general $10,600

• 11c · Fees: accounting

  total $33,300 · management and general $33,300

• 11f · Fees: investment management

  total $49,608 · management and general $49,608

• 11g · Fees: other

  total $15,000 · program services $15,000

• 13 · Office expenses

  total $748 · management and general $748

• 24a · Other expenses: PREMIUM TAX EXPENSE

  total $163,296 · program services $163,296

• 24b · Other expenses: REGULATORY AND LICENSE

  total $7,615 · program services $7,615

• 24e · All other expenses

  total $13,740 · management and general $13,740

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $87,803 · end of year $20,850

• 2 · Savings and temporary cash investments

  beginning of year $1,986,991 · end of year $833,236

• 4 · Accounts receivable

  end of year $3,087

• 11 · Investments: publicly traded securities

  beginning of year $17,992,888 · end of year $15,705,771

• 15 · Other assets

  beginning of year $58,355 · end of year $80,188

• 17 · Accounts payable and accrued expenses

  beginning of year $1,446,085 · end of year $1,381,636

• 25 · Other liabilities

  beginning of year $11,755,772 · end of year $11,844,430

• 27 · Net assets without donor restrictions

  beginning of year $6,924,180 · end of year $3,417,066

The filer's explanations (Part III)

PART I, LINE 4B

THE NEMOURS FOUNDATION MAINTAINED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") FOR MOST OF THE MEMBERS OF THE NEMOURS EXECUTIVE TEAM AS DETERMINED BY THE BOARD OF DIRECTORS. THE SERP PROVIDES EACH PARTICIPANT AN EMPLOYER PROVIDED ANNUAL "FLEXIBLE" BENEFIT ALLOWANCE IN THE FORM OF DOLLAR CREDITS WHICH THE PARTICIPANT MAY APPLY TO ANY OF THE BENEFITS OFFERED UNDER THE PLAN WHICH INCLUDE INDIVIDUAL LONG-TERM DISABILITY INSURANCE, AND UNFUNDED NONQUALIFIED DEFERRED COMPENSATION BENEFITS SUBJECT TO IRC SECTION 457(F). UNDER THE PLAN, EACH OF THE PARTICIPANTS MAKES AN ANNUAL ELECTION ALLOCATING HIS OR HER FLEXIBLE BENEFIT ALLOWANCE FOR THE UPCOMING YEAR AMONG THE COMPONENT BENEFITS. THE AMOUNT OF THE FLEXIBLE BENEFIT ALLOWANCE MAY VARY AMOUNG THE PARTICIPANTS AS DETERMINED BY NEMOURS AND NEMOURS MAY DISCONTINUE THE FLEXIBLE BENEFIT ALLOWANCES AT ANY TIME. IN 2022, THE FOLLOWING WERE PAID FROM THE SERP: ROBERT D. BRIDGES $298,413 RODNEY MCKENDREE $190,837 WILLIAM W. HIGGINBOTHAM II $35,279

Related corporations and trusts

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

• DORNOCH SUTHERLAND ASSURANCE LTD

  C · CAPTIVE INSURANCE · CJ