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Nonprofiteer
← TOM AND VALLEY KNUDSEN FOUNDATION

Form 990 for tax year 2022

Filed by TOM AND VALLEY KNUDSEN FOUNDATION.

Totals

Total revenue
$324,796
Total expenses
$309,145
Contributions and grants received
$0
Grants paid
$281,300
Program service revenue
$0
Investment income
$324,796
Other revenue
$0
Total assets, end of year
$5,917,727
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,917,727
Program services expenses (Part IX)
$281,300
Management and general expenses
$27,845
Fundraising expenses
$0
Program service expenses (Part III)
$281,300

Program services were 91.0% 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.

  • 3 · Investment income

    total $148,113 · excluded $148,113

  • 7a · Gross sales of assets other than inventory

    securities $544,992

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

    securities $368,309

  • 7c · Gain or loss

    securities $176,683

  • 7d · Net gain or loss

    total $176,683 · excluded $176,683

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $281,300 · program services $281,300

  • 11f · Fees: investment management

    total $19,388 · management and general $19,388

  • 11g · Fees: other

    total $3,231 · management and general $3,231

  • 24e · All other expenses

    total $5,226 · management and general $5,226

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $21,939 · end of year $21,324

  • 11 · Investments: publicly traded securities

    beginning of year $5,880,137 · end of year $5,896,403

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,902,076 · end of year $5,917,727

Mission and programs · 2022

Mission

Direct support of California Institute of Technology, Harvey Mudd College, Loma Linda University, Loyola Marymount University,Mount St. Mary's College, Occidental College, Pomona College, and the University of Redlands to be used for general purposes in accordance with amended and restated bylaws dated 6/2/97.

  • The Tom and Valley Knudsen Foundation invests in savings and marketable securities. The income from these investments is divided between California Institute of Technology, Harvey Mudd College, Loma Linda University, Loyola Marymount University,Mount St. Mary's College, Occidental College, Pomona College, and the University of Redlands to be used for education purposes in accordance with the amended and restated articles of incorporation of the Knudsen Foundation executed in 1997.

    Expenses $281,300 · Grants $281,300

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Richland

    CFO

    Total calculated
    $2,673,947
    From this org
    $0
    From related orgs
    $2,220,146
    Other
    $453,801
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $594,151 related
    Bonus
    $0 + $1,606,495 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $422,330 related
    Nontaxable benefits
    $0 + $31,471 related
    Filer's total
    $0 + $2,673,947 related

  • Sharon E Patterson

    President

    Total calculated
    $476,447
    From this org
    $0
    From related orgs
    $415,061
    Other
    $61,386
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $403,061 related
    Bonus
    $0
    Other
    $0 + $12,000 related
    Deferred
    $0 + $44,060 related
    Nontaxable benefits
    $0 + $17,326 related
    Filer's total
    $0 + $476,447 related

  • James A Ehlers

    Secretary

    Total calculated
    $238,628
    From this org
    $0
    From related orgs
    $209,744
    Other
    $28,884
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,744 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,602 related
    Nontaxable benefits
    $0 + $8,282 related
    Filer's total
    $0 + $238,628 related

  • Linda Wight Mazur

    Board Member

    Total calculated
    $234,804
    From this org
    $0
    From related orgs
    $182,656
    Other
    $52,148
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,656 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,203 related
    Nontaxable benefits
    $0 + $32,945 related
    Filer's total
    $0 + $234,804 related

  • Stacey L Scoville

    Board Member

    Total calculated
    $274,806
    From this org
    $0
    From related orgs
    $232,327
    Other
    $42,479
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,327 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $34,155 related
    Nontaxable benefits
    $0 + $8,324 related
    Filer's total
    $0 + $274,806 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

  • 2 · Substantiation required before reimbursing expenses

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202332789349301853

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