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Nonprofiteer
← TUCC INC

Form 990 for tax year 2022

Filed by TUCC INC.

Totals

Total revenue
$5,808,639
Total expenses
$13,059
Contributions and grants received
$4,906,694
Grants paid
$0
Program service revenue
$0
Investment income
$871,945
Other revenue
$30,000
Total assets, end of year
$14,698,177
Total liabilities, end of year
$3,411,108
Net assets or fund balances, end of year
$11,287,069
Program services expenses (Part IX)
$0
Management and general expenses
$13,059
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dr D Michael Lindsay

    President

    Total calculated
    $599,045
    From this org
    $0
    From related orgs
    $525,773
    Other
    $73,272
    Hours/week
    1 + 67 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,548 related
    Bonus
    $0 + $166,250 related
    Other
    $0 + $2,975 related
    Deferred
    $0 + $21,997 related
    Nontaxable benefits
    $0 + $51,275 related
    Filer's total
    $0 + $599,045 related

  • Rex Bennett

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 50 related

  • Stephen Olson

    Secretary & Treasurer

    Total calculated
    $190,092
    From this org
    $0
    From related orgs
    $156,880
    Other
    $33,212
    Hours/week
    1 + 51 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,520 related
    Bonus
    $0
    Other
    $0 + $360 related
    Deferred
    $0 + $9,107 related
    Nontaxable benefits
    $0 + $24,105 related
    Filer's total
    $0 + $190,091 related

  • Jonathan Beukelman

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mark Davis

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mike Falder

    VP for University Advancement

    Total calculated
    $143,843
    From this org
    $0
    From related orgs
    $113,094
    Other
    $30,749
    Hours/week
    30 + 20 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The compensation of related organization employees is determined by the related organization, Taylor University. The following is used: compensation committee, Independent compensation consultant. Form 990 of other organizations, compensation survey or study, and approval by the independent members of the Board or Executive 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Charitable Remainder Trusts (1)

    Trust · Charitable Trusts · CA

    Directly controlled by Taylor University

  • Charitable Remainder Trusts (10)

    Trust · Charitable Trusts · IN

    Directly controlled by Taylor University

  • Charitable Remainder Trusts (1)

    Trust · Charitable Trusts · MI

    Directly controlled by Taylor University

  • Charitable Remainder Trusts (1)

    Trust · Charitable Trusts · MO

    Directly controlled by Taylor University

  • Charitable Remainder Trusts (1)

    Trust · Charitable Trusts · OH

    Directly controlled by Taylor University

  • Pooled Income Funds (2)

    Trust · Pooled Income Fund · DE

    Directly controlled by Taylor University

  • 1846 Real Estate Kershner Commons LLC

    C Corporation · Real estate · IN

    Directly controlled by 1846 Enterprises Inc

Provenance

Return type
form_990
Tax year
2022
Filed
11 April 2024
IRS schema version
2022v5.0
Source object
202401029349301030

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