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Nonprofiteer
← CARLETON UNIVERSITY FOUNDATION U S

Form 990 for tax year 2024

Filed by CARLETON UNIVERSITY FOUNDATION U S.

Totals

Total revenue
$10,500
Total expenses
$5,049
Contributions and grants received
$10,500
Grants paid
$5,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,896
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,896
Program services expenses (Part IX)
$5,049
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,049

Program services were 100.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $10,500

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $5,000 · program services $5,000

  • 24a · Other expenses: Bank Fees

    total $49 · program services $49 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $445 · end of year $5,896

  • 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 $445 · end of year $5,896

Mission and programs · 2024

Mission

The objectives of the Foundation are to accept, receive, manage and distribute money and other property to support education and research at the University.

  • Objectives of Foundation are to accept, receive, manage and distribute money and other property to support education and research at the University.

    Expenses $5,049 · Revenue $10,500

As filed on the 2024 return.

Listed in Part VII

  • Jennifer Conley

    President (Jan 1- March 20th)

    Total calculated
    $202,882
    From this org
    $0
    From related orgs
    $185,507
    Other
    $17,375
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $92,078 related
    Bonus
    $0
    Other
    $0 + $93,430 related
    Deferred
    $0 + $12,706 related
    Nontaxable benefits
    $0 + $4,669 related
    Filer's total
    $0 + $202,883 related

  • Susan Phillips

    Interim President (March 21 - Sept 30th)

    Total calculated
    $196,014
    From this org
    $0
    From related orgs
    $180,659
    Other
    $15,355
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,660 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,355 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $196,015 related

  • Corrie Hobin

    Interim President (Oct 1 - Dec 31st)

    Total calculated
    $153,479
    From this org
    $0
    From related orgs
    $133,720
    Other
    $19,759
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,720 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,769 related
    Nontaxable benefits
    $0 + $8,990 related
    Filer's total
    $0 + $153,479 related

  • Melissa Forrest

    Secretary and Treasurer

    Total calculated
    $96,824
    From this org
    $0
    From related orgs
    $84,686
    Other
    $12,138
    Hours/week
    1 + 34 related

  • Jim LeBlanc

    Director

    Total calculated
    $0
    Hours/week
    1

  • David O'Shaughnessy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Reena Bhatt

    Director

    Total calculated
    $0
    Hours/week
    1 + 34 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)

Schedule J, Part I, Line 4
Jennifer Conley was terminated from her role as Chief Advancement Officer at Carleton University on March 20, 2024. She received severance payments totaling $93,430 from Carleton University in 2024
Schedule J, Part II
Jennifer Conley was the Chief Advancement Officer, Department of University Advancement, Carleton University and served as the President of the University Foundation (US) during the period of January 1 - March 20th, 2024. Susan Philips was the interim Chief Advancement Officer, Department of University Advancement, Carleton University and served as the President of the University Foundation (US) during the period of March 21- September 30, 2024. Corrie Hobin is the current interim Chief Advancement Officer, Department of University Advancement, Carleton University and served as the President of the University Foundation (US) during the period of October 1 - December 31, 2024. Their compensation was paid by Carleton University and was established as per a written employment contract.

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.

  • Carleton University

    Educational Institution · CA

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2025
IRS schema version
2024v5.0
Source object
202501139349301610

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