Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $1,150,275 · excluded $1,150,275

• 7a · Gross sales of assets other than inventory

  securities $26,114,571

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

  securities $25,442,551

• 7c · Gain or loss

  securities $672,020

• 7d · Net gain or loss

  total $672,020 · excluded $672,020

• 11d · All other revenue

  total $25,292 · related or exempt $25,292

• 11e · Other revenue, total

  $25,292

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $65,798

• 11c · Fees: accounting

  total $33,570

• 11f · Fees: investment management

  total $108,526

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,769,557 · end of year $1,349,897

• 4 · Accounts receivable

  beginning of year $71,443 · end of year $123,729

• 11 · Investments: publicly traded securities

  beginning of year $35,262,907 · end of year $44,526,922

• 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 $37,103,907 · end of year $46,000,548

The filer's explanations (Part III)

PART I, LINE 3

THE VEBA'S RELATED ORGANIZATION, ASSOCIATION OF UNIVERSITIES FOR RESEARCH IN ASTRONOMY, INC., PERFORMS THE PROCESS OF DETERMINING STANDARDS AND PROCEDURES MONITORED AND ENFORCED BY THE HUMAN RESOURCE ANALYSIS RELATED TO THE PRESIDENT'S, VICE PRESIDENT'S (VPS), CENTER AND EXTERNAL RESOURCES. THE ORIGINAL COMPENSATION DURING THE HIRING COMPENSATION OF PRESIDENT AND OFFICERS. AURA'S COMPENSATION POLICY IS SET BY THE (HR) DEPARTMENT. THE HR DEPARTMENT PERFORMS A COMPARABILITY DATA DIRECTORS', AND CENTER KEY EMPLOYEES' COMPENSATION USING VARIOUS TOOLS PROCESS FOR THE PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE ORIGIN COMPENSATION DURING THE HIRING PROCESS FOR THE DIRECTORS AND VPS IS REVIEWED AND APPROVED BY THE PRESIDENT. THE ORIGINAL COMPENSATION DURING THE HIRING PROCESS FOR CENTER KEY EMPLOYEES IS DETERMINED BY THE RESPECTIVE CENTER DIRECTOR. ANNUALLY, MERIT INCREASES FOR THE PRESIDENT, DIRECTORS, AND CENTER KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND THE VPS COMPENSATION IS REVIEWED AND APPROVED BY THE PRESIDENT. AURA'S HR DEPARTMENT RETAINS THE DOCUMENTATION OF THE COMPENSATION APPROVAL BY THE BOARD OF DIRECTORS. THE MOST RECENT YEAR THIS PROCESS TOOK PLACE FOR THE PRESIDENT, VICE PRESIDENTS, CENTER DIRECTORS, AND FOR CENTER KEY EMPLOYEES WAS DURING FY 2024.

PART I, LINE 4B

AURA, INC., THE ORGANIZATION, MAINTAINED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR CHARLES MOUNTAIN. THERE WERE NO CONTRIBUTIONS OR AMOUNTS VESTED INTO THE PLAN IN 2023.