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Nonprofiteer
← WILLIAM H MINER FOUNDATION

Form 990 for tax year 2023

Filed by WILLIAM H MINER FOUNDATION.

Totals

Total revenue
$5,021,218
Total expenses
$8,102,826
Contributions and grants received
$0
Grants paid
$7,422,976
Program service revenue
$0
Investment income
$2,641,284
Other revenue
$2,379,934
Total assets, end of year
$129,454,566
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$129,454,566
Program services expenses (Part IX)
$7,538,955
Management and general expenses
$563,871
Fundraising expenses
$0
Program service expenses (Part III)
$7,538,955

Program services were 93.0% 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 $1,850,384 · excluded $1,850,384

  • 7a · Gross sales of assets other than inventory

    securities $40,303,931

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

    securities $39,513,031

  • 7c · Gain or loss

    securities $790,900

  • 7d · Net gain or loss

    total $790,900 · unrelated business $1,052 · excluded $789,848

  • 11a · Other revenue: ALTERNATIVE INVESTMENTS

    total $2,370,685 · unrelated business $575 · excluded $2,370,110

  • 11d · All other revenue

    total $9,249 · excluded $9,249

  • 11e · Other revenue, total

    $2,379,934

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,422,976 · program services $7,422,976

  • 5 · Compensation of officers, directors and key employees

    total $110,000 · program services $55,000 · management and general $55,000

  • 11b · Fees: legal

    total $93,295 · program services $46,648 · management and general $46,647

  • 11c · Fees: accounting

    total $17,000 · program services $8,500 · management and general $8,500

  • 11f · Fees: investment management

    total $449,747 · management and general $449,747

  • 13 · Office expenses

    total $710 · program services $710

  • 19 · Conferences, conventions and meetings

    total $632 · program services $316 · management and general $316

  • 23 · Insurance

    total $6,609 · program services $3,305 · management and general $3,304

  • 24a · Other expenses: REGISTRATION FEES

    total $1,500 · program services $1,500

  • 24b · Other expenses: US TREASURY UBTI TAX

    total $357 · management and general $357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,069 · end of year $29,407

  • 2 · Savings and temporary cash investments

    beginning of year $966,442 · end of year $2,176,758

  • 4 · Accounts receivable

    end of year $832

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,790 · end of year $4,790

  • 11 · Investments: publicly traded securities

    beginning of year $86,224,227 · end of year $80,631,116

  • 15 · Other assets

    beginning of year $47,598,253 · end of year $46,611,663

  • 29 · Capital stock, trust principal or current funds

    beginning of year $6,332,751 · end of year $6,332,751

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

    beginning of year $224,122,250 · end of year $224,913,150

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$95,637,220 · end of year -$101,791,335

Mission and programs · 2023

Mission

ACTING AS A SUPPORTING ORGANIZATION BY PROVIDING FINANCIAL SUPPORT TO THE THREE PUBLIC CHARITIES LISTED IN PART III BELOW.

Activities or mission (Part I)

ACTING AS SUPPORTING ORG. TO SUPPORT THREE PUBLIC CHARITIES LISTED IN PART III BELOW.

  • PROVIDE FINANCIAL SUPPORT TO THE WILLIAM H. MINER AGRICULTURAL RESEARCH INSTITUTE, CHAZY, NY

    Expenses $6,778,462 · Grants $6,778,462

  • PROVIDE FINANCIAL SUPPORT TO CHAZY CENTRAL RURAL SCHOOL, CHAZY, NY

    Expenses $394,514 · Grants $394,514

  • PROVIDE FINANCIAL SUPPORT TO CHAMPLAIN VALLEY PHYSICIANS HOSPITAL MEDICAL CENTER, PLATTSBURGH, NY

    Expenses $250,000 · Grants $250,000

  • PROGRAM SERVICES EXPENSES

    Expenses $115,979

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard J Grant

    TRUSTEE

    Total calculated
    $379,125
    From this org
    $40,000
    From related orgs
    $299,182
    Other
    $39,943
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $40,000 + $289,390 related
    Bonus
    $0 + $9,792 related
    Other
    $0
    Deferred
    $0 + $37,019 related
    Nontaxable benefits
    $0 + $2,924 related
    Filer's total
    $40,000 + $339,125 related

  • Paul A Svoboda

    TRUSTEE

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Kirk E Beattie

    FINANCE OFFICER

    Total calculated
    $234,655
    From this org
    $30,000
    From related orgs
    $175,754
    Other
    $28,901
    Hours/week
    7 + 40 related

    Schedule J breakdown matched by us

    Base
    $30,000 + $168,754 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $26,565 related
    Nontaxable benefits
    $0 + $2,336 related
    Filer's total
    $30,000 + $204,655 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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202422639349301032

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