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Nonprofiteer
← ROSS-ADE FOUNDATION

Form 990 for tax year 2024

Filed by ROSS-ADE FOUNDATION.

Totals

Total revenue
$3,154,823
Total expenses
$3,588,406
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,638
Investment income
$3,147,185
Other revenue
$0
Total assets, end of year
$142,988,635
Total liabilities, end of year
$139,588,870
Net assets or fund balances, end of year
$3,399,765
Program services expenses (Part IX)
$3,569,971
Management and general expenses
$18,435
Fundraising expenses
$0
Program service expenses (Part III)
$3,569,971

Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Brandee Sommer

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    1

  • Brian Edelman

    Secretary (THROUGH JAN 2025)

    Total calculated
    $0
    Hours/week
    1

  • Chad Pittman

    Secretary (BEGAN FEB 2025)

    Total calculated
    $0
    Hours/week
    1

  • Eva Nodine

    Vice President & Treasurer

    Total calculated
    $431,963
    From this org
    $0
    From related orgs
    $376,836
    Other
    $55,127
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $304,420 related
    Bonus
    $0 + $70,000 related
    Other
    $0 + $2,416 related
    Deferred
    $0 + $32,630 related
    Nontaxable benefits
    $0 + $22,497 related
    Filer's total
    $0 + $431,963 related

  • Mung Chiang

    President

    Total calculated
    $1,853,991
    From this org
    $0
    From related orgs
    $899,725
    Other
    $954,266
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $417,307 related
    Bonus
    $0 + $418,400 related
    Other
    $0 + $64,018 related
    Deferred
    $0 + $845,400 related
    Nontaxable benefits
    $0 + $108,866 related
    Filer's total
    $0 + $1,853,991 related

  • Scott Seidle

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Chris Ruhl

    Director

    Total calculated
    $512,606
    From this org
    $0
    From related orgs
    $451,953
    Other
    $60,653
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,104 related
    Bonus
    $0 + $59,500 related
    Other
    $0 + $1,349 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $26,153 related
    Filer's total
    $0 + $512,606 related

  • Malcolm DeKryger

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Klipsch

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

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

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
Mr. Chiang's employment agreement with Purdue University, a related organization, includes a retention incentive payable to him annually based on years of service. $810,900 is reported in Schedule J, Part II, Column (C) as the deferred portion of Mr. Chiang's retention incentive.
Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
THE ORGANIZATION RELIED ON PURDUE university (A related ORGANIZATION) to determine compensation for the top management official. Purdue used a compensation committee, COMPARABILITY DATA, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE THE COMPENSATION OF ITS TOP MANAGEMENT OFFICIAL.

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

No itemized grants to organizations 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
2024
Filed
26 February 2026
IRS schema version
2024v5.1
Source object
202640579349301039

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