Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $17,500,036

• 1g · Noncash contributions included above

  $17,500,036

• 3 · Investment income

  total $45,116,930 · excluded $45,116,930

• 7a · Gross sales of assets other than inventory

  securities $499,662,621

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

  securities $468,013,785

• 7c · Gain or loss

  securities $31,648,836

• 7d · Net gain or loss

  total $31,648,836 · excluded $31,648,836

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $45,984,140 · program services $45,984,140

• 5 · Compensation of officers, directors and key employees

  total $164,470 · program services $88,377 · management and general $76,093

• 7 · Other salaries and wages

  total $95,446 · program services $52,801 · management and general $42,645

• 8 · Pension plan contributions

  total $11,102 · program services $6,051 · management and general $5,051

• 9 · Other employee benefits

  total $24,166 · program services $12,631 · management and general $11,535

• 10 · Payroll taxes

  total $10,950 · program services $5,938 · management and general $5,012

• 11a · Fees: management

  total $2,892 · management and general $2,892

• 11c · Fees: accounting

  total $1,386 · management and general $1,386

• 11f · Fees: investment management

  total $573,214 · management and general $573,214

• 13 · Office expenses

  total $2,602 · program services $1,431 · management and general $1,171

• 14 · Information technology

  total $7,893 · program services $4,341 · management and general $3,552

• 16 · Occupancy

  total $24,789 · program services $13,634 · management and general $11,155

• 17 · Travel

  total $1,061 · program services $644 · management and general $417

• 19 · Conferences, conventions and meetings

  total $5,416 · program services $1,285 · management and general $4,131

• 22 · Depreciation, depletion and amortization

  total $860 · program services $473 · management and general $387

• 23 · Insurance

  total $3,392 · management and general $3,392

• 24a · Other expenses: Organization dues

  total $158 · management and general $158

• 24e · All other expenses

  total $378 · program services $209 · management and general $169

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,134 · end of year $5,202

• 2 · Savings and temporary cash investments

  beginning of year $322,532 · end of year $262,617

• 10a · Land, buildings and equipment: cost or other basis

  $41,280

• 10b · Land, buildings and equipment: accumulated depreciation

  $38,713

• 10c · Land, buildings and equipment, net

  beginning of year $3,427 · end of year $2,567

• 11 · Investments: publicly traded securities

  beginning of year $660,416,032 · end of year $732,445,064

• 12 · Investments: other securities

  beginning of year $453,930,567 · end of year $429,305,567

• 15 · Other assets

  beginning of year $62,154 · end of year $70,349

• 25 · Other liabilities

  beginning of year $353 · end of year $386

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,114,739,493 · end of year $1,162,090,980

The filer's explanations (Part III)

Part I, Line 1a

The organization pays each employee's share of Social Security and Medicare taxes on the cost of excess group-term life included in gross wages. The policy and associated gross-up payments cover all employees.

Part I, Line 1b

The organization does not have a written policy regarding tax gross-up payments; however, management approves the payments each year.

Part I, Line 4b

The Foundation credited P. Russell Hardin with $4,626 , Erik Johnson with $1,123, and Eli Niepoky with $526 to an unfunded, unvested 457(f) Plan. Upon vesting on June 1, 2022, P. Russell Hardin received $147,468 from the 457(f) Plan and that amount is included in Part II, column B(iii).