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← ORAU FOUNDATION

Form 990 for tax year 2022

Filed by ORAU FOUNDATION.

Totals

Total revenue
$1,852,479
Total expenses
$808,287
Contributions and grants received
$0
Grants paid
$423,108
Program service revenue
$0
Investment income
$1,852,479
Other revenue
$0
Total assets, end of year
$52,602,761
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$52,602,761
Program services expenses (Part IX)
$423,108
Management and general expenses
$385,179
Fundraising expenses
$0
Program service expenses (Part III)
$423,108

Program services were 52.3% 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 $1,802,598 · excluded $1,802,598

  • 7a · Gross sales of assets other than inventory

    securities $17,707,999

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

    securities $17,658,118

  • 7c · Gain or loss

    securities $49,881

  • 7d · Net gain or loss

    total $49,881 · excluded $49,881

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $292,604 · program services $292,604

  • 2 · Grants to domestic individuals

    total $130,504 · program services $130,504

  • 7 · Other salaries and wages

    total $12,300 · management and general $12,300

  • 11a · Fees: management

    total $210,455 · management and general $210,455

  • 11c · Fees: accounting

    total $337 · management and general $337

  • 11f · Fees: investment management

    total $99,860 · management and general $99,860

  • 17 · Travel

    total $13,033 · management and general $13,033

  • 24a · Other expenses: GA-OCS

    total $27,828 · management and general $27,828

  • 24b · Other expenses: OVERHEAD - OCS

    total $13,228 · management and general $13,228

  • 24c · Other expenses: MATERIALS & SUPPLIES

    total $6,482 · management and general $6,482

  • 24d · Other expenses: SITE SERVICES

    total $1,656 · management and general $1,656

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $236,408 · end of year $1,391

  • 11 · Investments: publicly traded securities

    beginning of year $43,771,205 · end of year $52,601,370

  • 27 · Net assets without donor restrictions

    beginning of year $44,007,613 · end of year $52,602,761

Mission and programs · 2022

Mission

THE ORAU FOUNDATION SUPPORTS OAK RIDGE ASSOCIATED UNIVERSITIES, INC. IN ITS MISSION TO FOCUS ON THE ADVANCEMENT OF SCIENTIFIC RESEARCH AND EDUCATION WHILE PROVIDING INNOVATIVE SOLUTIONS TO STRENGTHEN AND SECURE AMERICA.

Activities or mission (Part I)

PROMOTE HIGHER SCIENTIFIC EDUCATION.

  • POST GRADUATE AWARDS AND SCHOLARSHIPS: THESE GRANTS ARE FOR 25 JUNIOR FACULTY AWARDS AND 5 POLLARD SCHOLARSHIPS TO HELP PROMOTE HIGHER SCIENTIFIC AND MATH EDUCATION.

    Expenses $130,504 · Grants $130,504

  • THE ORAU DIRECTED RESEARCH AND DEVELOPMENT (ODRD) PROGRAM PROVIDES GRANTS FOR COLLABORATIVE RESEARCH INVOLVING ORAU EMPLOYEES AND MEMBER UNIVERSITY FACULTY. SEVERAL GRANTS WERE PROVIDED IN FY23 TO SUPPORT SCIENTIFIC RESEARCH SUCH AS STUDIES ON BURNOUT AND ENGAGEMENT IN DIABETES CARE AMONG ADULTS WITH T1D, DAILY EXPERIENCES IN STEM WORKPLACES THROUGH THE LENS OF SELF-DETERMINATION THEORY, NATIONAL NURSING READINESS FOR A RADIOLOGICAL OR NUCLEAR INCIDENT, EPIDEMIOLOGIC STUDIES AND MOLECULAR AND CYTOGENETIC BIODOSIMETERS FOR RADIOLOGICAL AND NUCLEAR MASS CASUALTY INCIDENTS.

    Expenses $292,604 · Grants $292,604

As filed on the 2022 return.

Listed in Part VII

  • Rachel F Lokitz

    DIRECTOR

    Total calculated
    $366,689
    From this org
    $0
    From related orgs
    $338,316
    Other
    $28,373
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $289,585 related
    Bonus
    $0 + $48,731 related
    Other
    $0
    Deferred
    $0 + $28,373 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $366,689 related

  • Dr Ann C Savoca

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Deborah Crawford

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Cordell M Overby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Kenneth William Tobin

    DIRECTOR

    Total calculated
    $284,454
    From this org
    $0
    From related orgs
    $261,287
    Other
    $23,167
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $234,049 related
    Bonus
    $0 + $27,238 related
    Other
    $0
    Deferred
    $0 + $23,167 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $284,454 related

  • Dr Bruce E Gnade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Joseph Heppert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Dr Julie B Jordan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Harry Anderson Page

    PRESIDENT

    Total calculated
    $688,694
    From this org
    $0
    From related orgs
    $648,066
    Other
    $40,628
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $0 + $543,187 related
    Bonus
    $0 + $104,879 related
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $10,128 related
    Filer's total
    $0 + $688,694 related

  • J Phil Andrews

    TREASURER/SECRETARY

    Total calculated
    $399,657
    From this org
    $5,778
    From related orgs
    $351,875
    Other
    $42,004
    Hours/week
    0.3

    Schedule J breakdown matched by us

    Base
    $5,778 + $269,737 related
    Bonus
    $0 + $82,138 related
    Other
    $0
    Deferred
    $0 + $27,555 related
    Nontaxable benefits
    $0 + $14,449 related
    Filer's total
    $5,778 + $393,879 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 committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
HARRY ANDERSON PAGE $25,000
PART I, LINE 7
SATISFACTION OF GOALS

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
6 August 2024
IRS schema version
2022v5.0
Source object
202412219349301561

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