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Nonprofiteer
← FLAGLER COLLEGE ENDOWMENT FUND INC

Form 990 for tax year 2022

Filed by FLAGLER COLLEGE ENDOWMENT FUND INC.

Totals

Total revenue
-$1,075,344
Total expenses
$1,702,944
Contributions and grants received
$0
Grants paid
$1,454,144
Program service revenue
$0
Investment income
-$1,075,344
Other revenue
$0
Total assets, end of year
$49,345,251
Total liabilities, end of year
$1,901,642
Net assets or fund balances, end of year
$47,443,609
Program services expenses (Part IX)
$1,454,144
Management and general expenses
$248,800
Fundraising expenses
$0
Program service expenses (Part III)
$1,454,144

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • LEWIS B POLLARD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRIAN L WILSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID C DRYSDALE

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRADFORD SAUER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RANDAL L RINGHAVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • FRANK C STEINEMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • WILLIAM J LONGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • STACEY M MATTHEWS

    EX-OFFICIO TREASURER

    Total calculated
    $193,176
    From this org
    $0
    From related orgs
    $156,514
    Other
    $36,662
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,777 related
    Bonus
    $0
    Other
    $0 + $737 related
    Deferred
    $0 + $16,286 related
    Nontaxable benefits
    $0 + $20,376 related
    Filer's total
    $0 + $193,176 related

  • DAVID L CARSON THRU 622

    FORMER EX-OFFICIO TREASURER

    Total calculated
    $232,777
    From this org
    $0
    From related orgs
    $198,797
    Other
    $33,980
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $197,788 related
    Bonus
    $0
    Other
    $0 + $1,009 related
    Deferred
    $0 + $10,778 related
    Nontaxable benefits
    $0 + $23,202 related
    Filer's total
    $0 + $232,777 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
DAVID CARSON RECEIVED SEVERANCE PAY OF $97,784 FROM FLAGLER COLLEGE WHEN HE LEFT JUNE 2022.

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.

  • STOCKING ISLAND LIMITED

    C · LAND HOLDING, LEASING AND SALE · BF · 100% owned · share of income $1,321,201 · share of assets $3,177,847 · controlled entity

    Directly controlled by FLAGLER COLLEGE ENDOWMENT FUND

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411349349303536

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