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Nonprofiteer
← TELFORD FOUNDATION INC

Form 990 for tax year 2022

Filed by TELFORD FOUNDATION INC.

Totals

Total revenue
$2,575,463
Total expenses
$5,334,964
Contributions and grants received
$0
Grants paid
$4,934,942
Program service revenue
$0
Investment income
$2,575,463
Other revenue
$0
Total assets, end of year
$65,411,447
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$65,411,447
Program services expenses (Part IX)
$4,934,942
Management and general expenses
$400,022
Fundraising expenses
$0
Program service expenses (Part III)
$4,934,942

Program services were 92.5% 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 $1,927,574 · excluded $1,927,574

  • 7a · Gross sales of assets other than inventory

    securities $10,375,120

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

    securities $9,727,231

  • 7c · Gain or loss

    securities $647,889

  • 7d · Net gain or loss

    total $647,889 · excluded $647,889

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,934,942 · program services $4,934,942

  • 11b · Fees: legal

    total $34,915 · management and general $34,915

  • 11c · Fees: accounting

    total $14,490 · management and general $14,490

  • 11f · Fees: investment management

    total $224,837 · management and general $224,837

  • 14 · Information technology

    total $1,562 · management and general $1,562

  • 16 · Occupancy

    total $16,632 · management and general $16,632

  • 17 · Travel

    total $4,548 · management and general $4,548

  • 19 · Conferences, conventions and meetings

    total $77,000 · management and general $77,000

  • 24a · Other expenses: ADMINISTRATIVE SERVICES

    total $26,038 · management and general $26,038

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $332,201 · end of year $3,432,524

  • 11 · Investments: publicly traded securities

    beginning of year $76,876,600 · end of year $61,978,923

  • 27 · Net assets without donor restrictions

    beginning of year $77,208,801 · end of year $65,411,447

Mission and programs · 2022

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF CERTAIN DESIGNATED ORGANIZATIONS, ALL OF WHICH ARE PUBLICLY SUPPORTED ORGANIZATIONS.

Activities or mission (Part I)

GIFTS TO DESIGNATED CHARITIES

  • GRANTS TO DESIGNATED SUPPORTED ORGANIZATIONS. SEE SCHEDULE I.

    Expenses $4,934,942 · Grants $4,934,942

As filed on the 2022 return.

Listed in Part VII

  • Paul Hiltz

    DIRECTOR

    Total calculated
    $1,500,059
    From this org
    $12,000
    From related orgs
    $1,452,983
    Other
    $35,076
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,018,212 related
    Bonus
    $0 + $254,760 related
    Other
    $12,000 + $180,011 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $22,876 related
    Filer's total
    $12,000 + $1,488,059 related

  • Rick Wyles

    SECRETARY/TREASURER/DIRECTOR

    Total calculated
    $844,326
    From this org
    $20,000
    From related orgs
    $792,528
    Other
    $31,798
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $545,968 related
    Bonus
    $0 + $135,432 related
    Other
    $20,000 + $111,128 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $19,598 related
    Filer's total
    $20,000 + $824,326 related

  • Henry Ct Richmond III

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jean C Logue

    PRESIDENT/DIRECTOR

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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

The filer's explanations (Part III)

SCHEDULE J PART I LINE 3:
THE RELATED ORGANIZATION UTLILZES THE FOLLOWING METHODS IN ESTABLISHING THE COMPENSATION OF THE CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
23 January 2024
IRS schema version
2022v5.0
Source object
202440249349301419

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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