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Nonprofiteer
← WILLIAM C CONNER FOUNDATION

Form 990 for tax year 2022

Filed by WILLIAM C CONNER FOUNDATION.

Totals

Total revenue
$131,748
Total expenses
$133,274
Contributions and grants received
$0
Grants paid
$108,903
Program service revenue
$0
Investment income
$131,748
Other revenue
$0
Total assets, end of year
$1,627,169
Total liabilities, end of year
$25
Net assets or fund balances, end of year
$1,627,144
Program services expenses (Part IX)
$108,903
Management and general expenses
$24,371
Fundraising expenses
$0
Program service expenses (Part III)
$108,903

Program services were 81.7% 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 $29,286 · excluded $29,286

  • 7a · Gross sales of assets other than inventory

    securities $564,689

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

    securities $462,227

  • 7c · Gain or loss

    securities $102,462

  • 7d · Net gain or loss

    total $102,462 · excluded $102,462

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $108,903 · program services $108,903

  • 11c · Fees: accounting

    total $6,775 · management and general $6,775

  • 13 · Office expenses

    total $17,596 · management and general $17,596

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $140,231 · end of year $151,799

  • 12 · Investments: other securities

    beginning of year $2,037,836 · end of year $1,475,370

  • 17 · Accounts payable and accrued expenses

    beginning of year $25 · end of year $25

  • 27 · Net assets without donor restrictions

    beginning of year $2,069,139 · end of year $1,545,786

  • 28 · Net assets with donor restrictions

    beginning of year $108,903 · end of year $81,358

Mission and programs · 2022

Mission

THE FOUNDATION IS AN INVESTMENT FUND FOR WHICH INVESTMENT DECISIONS ARE RECOMMENDED BY STUDENTS OF TCU. IN THIS WAY THE STUDENTS EXPAND THEIR KNOWLEDGE OF FINANCIAL ANALYSIS. EACH YEAR THE FOUNDATION DONATES 2.5% OF ITS INVESTMENT HOLDINGS TO TEXAS CHRISTIAN UNIVERSITY (50%) AND 2.5% TO THE BAYLOR UNIVERSITY SCHOOL OF MEDICINE (50%). TOTALING 5% OF SECURITIES HELD AS OF PRIOR YEAR-END.

  • ANNUAL DISTRIBUTIONS TO TEXAS CHRISTIAN UNIVERSITY (50%) AND TO BAYLOR UNIVERSITY SCHOOL OF MEDICINE (50%), TOTALING 5% OF SECURITIES HELD AS OF PRIOR YEAR-END.

    Expenses $108,903 · Grants $108,903

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

Listed in Part VII

  • DANIEL PULLIN

    TRUSTEE

    Total calculated
    $605,299
    From this org
    $0
    From related orgs
    $524,717
    Other
    $80,582
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $523,619 related
    Bonus
    $0
    Other
    $0 + $1,098 related
    Deferred
    $0 + $44,900 related
    Nontaxable benefits
    $0 + $35,682 related
    Filer's total
    $0 + $605,299 related

  • SCOT HOLLMANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • DR TIMOTHY STOUT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • JAMES HILLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • HALDEN CONNER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • JUSTIN SAFRAN

    TRUSTEE

    Total calculated
    $1,248,131
    From this org
    $0
    From related orgs
    $874,223
    Other
    $373,908
    Hours/week
    0.25

    Schedule J breakdown matched by us

    Base
    $0 + $545,574 related
    Bonus
    $0 + $265,323 related
    Other
    $0 + $63,326 related
    Deferred
    $0 + $338,459 related
    Nontaxable benefits
    $0 + $35,449 related
    Filer's total
    $0 + $1,248,131 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

None.

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
8 November 2023
IRS schema version
2022v5.0
Source object
202313169349300006

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