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← DENISON UNIVERSITY RESEARCH FOUNDATION

Form 990 for tax year 2023

Filed by DENISON UNIVERSITY RESEARCH FOUNDATION.

Totals

Total revenue
$156,968
Total expenses
$162,977
Contributions and grants received
$41,632
Grants paid
$156,941
Program service revenue
$0
Investment income
$115,336
Other revenue
$0
Total assets, end of year
$2,754,415
Total liabilities, end of year
$1,500
Net assets or fund balances, end of year
$2,752,915
Program services expenses (Part IX)
$156,941
Management and general expenses
$6,036
Fundraising expenses
$0
Program service expenses (Part III)
$156,941

Program services were 96.3% 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.

  • 1f · All other contributions, gifts and grants

    $41,632

  • 3 · Investment income

    total $7,403 · excluded $7,403

  • 7a · Gross sales of assets other than inventory

    securities $801,417

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

    securities $693,484

  • 7c · Gain or loss

    securities $107,933

  • 7d · Net gain or loss

    total $107,933 · excluded $107,933

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $156,941 · program services $156,941

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 19 · Conferences, conventions and meetings

    total $4,336 · management and general $4,336

  • 24a · Other expenses: OH ANNUAL FILING FEE

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,399 · end of year $53,053

  • 2 · Savings and temporary cash investments

    beginning of year $99,819 · end of year $126,331

  • 11 · Investments: publicly traded securities

    beginning of year $536,283 · end of year $714,921

  • 12 · Investments: other securities

    beginning of year $1,979,506 · end of year $1,860,110

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,500 · end of year $1,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,573,157 · end of year $2,644,601

  • 28 · Net assets with donor restrictions

    beginning of year $92,350 · end of year $108,314

Mission and programs · 2023

Mission

THE MISSION OF THE DENISON UNIVERSITY RESEARCH FOUNDATION IS TO SUSTAIN THE RESEARCH OF THE FACULTY OF DENISON UNIVERSITY.

Activities or mission (Part I)

THE MISSION OF THE DENISON UNIVERSITY RESEARCH FOUNDATION IS TO SUPPORT THE RESEARCH OF THE FACULTY OF DENISON UNIVERSITY.

  • PROVIDED FUNDING FOR 28 GRANTS FOR THE EDUCATIONAL DEVELOPMENT OF THE TEACHING STAFF AND STUDENTS OF DENISON UNIVERSITY.

    Expenses $156,941 · Grants $156,941

As filed on the 2023 return.

Listed in Part VII

  • ROD KORBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MICAH TRAPP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • THOMAS HATTERSLEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DOUGLAS HOLTZ-EAKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID SCHMIDT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • MARTIN JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • SHEILA LITTLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • NANNETTE MACIEJUNES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • GAIL WEISS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • ADAM WEINBERG

    PRESIDENT, DENISON UNIV.

    Total calculated
    $1,144,651
    From this org
    $0
    From related orgs
    $767,842
    Other
    $376,809
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $525,526 related
    Bonus
    $0
    Other
    $0 + $242,316 related
    Deferred
    $0 + $341,490 related
    Nontaxable benefits
    $0 + $35,319 related
    Filer's total
    $0 + $1,144,651 related

  • KIMBERLY SPECHT

    EXECUTIVE DIRECTOR

    Total calculated
    $194,969
    From this org
    $0
    From related orgs
    $145,810
    Other
    $49,159
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,788 related
    Bonus
    $0
    Other
    $0 + $9,022 related
    Deferred
    $0 + $15,450 related
    Nontaxable benefits
    $0 + $33,709 related
    Filer's total
    $0 + $194,969 related

  • DAVID ENGLISH

    VP FOR FIN.&MGMT.,DENISON

    Total calculated
    $408,268
    From this org
    $0
    From related orgs
    $345,956
    Other
    $62,312
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,464 related
    Bonus
    $0
    Other
    $0 + $51,492 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $20,822 related
    Filer's total
    $0 + $408,268 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

  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLAN - DENISON UNIVERSITY, A RELATED ORGANIZATION, OFFERS A SECTION 457(B) PLAN TO CERTAIN HIGHLY PAID EMPLOYEES. THIS PLAN ALLOWS A PARTICIPANT TO DEFER A PORTION OF THEIR COMPENSATION INTO THE PLAN. NONQUALIFIED DEFERRED COMPENSATION PLAN - THE UNIVERSITY'S PRESIDENT PARTICIPATES IN THE DENISON UNIVERSITY SUPPLEMENTAL RETIREMENT PLAN, WHICH WAS EFFECTIVE JULY 1, 2018 AND UPDATED JULY 1, 2022. THE PURPOSE OF THE PLAN IS TO PROVIDE DEFERRED COMPENSATION BENEFITS IF THE PRESIDENT MEETS CERTAIN PERFORMANCE GOALS SPECIFIED AND EVALUATED BY THE BOARD OF TRUSTEES WHO ARE INDEPENDENT OF HIM. THE NONVESTED AMOUNT ASSOCIATED WITH CALENDAR YEAR 2023 HAS BEEN ESTIMATED TO BE $300,000 AND IS INCLUDED IN COLUMN C OF PART II OF SCHEDULE J, AS REQUIRED BY THE INSTRUCTIONS FOR FORM 990 AND SCHEDULE J. THE PRESIDENT IS NOT VESTED IN THIS AMOUNT AND MAY NEVER RECEIVE THIS BENEFIT. FULL VESTING IN THE DEFERRED COMPENSATION PLAN WILL NOT OCCUR UNTIL JUNE 30, 2025. PARTIAL VESTING MAY OCCUR UPON THE OCCURRENCE OF CERTAIN EVENTS INCLUDING DISABILITY AND INVOLUNTARY TERMINATION OTHER THAN FOR CAUSE.
PART I, LINE 3 - METHODS OF ESTABLISHING COMPENSATION:
DENISON UNIVERSITY, THE SUPPORTED ORGANIZATION, UTILIZES THE FOLLOWING IN DETERMINING THE COMPENSATION OF ITS PRESIDENT: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349307484

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