Form 990 for tax year 2023
Filed by NATIONAL INVENTORS HALL OF FAME SELECTION BOARD INC.
Totals
- Total revenue
- $238,787
- Total expenses
- $237,947
- Contributions and grants received
- $238,787
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $237,072
- Management and general expenses
- $875
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $237,072
Program services were 99.6% 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.
-
1d · Related organizations
$238,787
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $148,650 · program services $148,650
-
8 · Pension plan contributions
total $9,177 · program services $9,177
-
9 · Other employee benefits
total $21,485 · program services $21,485
-
10 · Payroll taxes
total $21,272 · program services $21,272
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $875 · management and general $875
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $13,660 · program services $13,660
-
12 · Advertising and promotion
total $20 · program services $20
-
13 · Office expenses
total $2,989 · program services $2,989
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $10,703 · program services $10,703
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $20 · program services $20
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $6,045 · program services $6,045
-
24a · Other expenses: SUPPLIES
total $2,670 · program services $2,670
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $381 · program services $381
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $840 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$840 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
A CATALYST FOR CHANGE THROUGH RECOGNIZING INVENTORS AND INVENTION, PROMOTING CREATIVITY, AND ADVANCING THE SPIRIT OF INNOVATION AND ENTREPRENEURSHIP
-
THE NATIONAL INVENTORS HALL OF FAME SELECTION BOARD, INC. HONORS THE WOMEN AND MEN RESPONSIBLE FOR THE GREAT TECHNOLOGICAL ADVANCES THAT MAKE HUMAN, SOCIAL AND ECONOMIC PROGRESS POSSIBLE. THE NATIONAL INVENTORS HALL OF FAME SELECTION BOARD, INC. IS RESPONSIBLE FOR RESEARCHING AND DEVELOPING THE CONTENT FOR RECOGNIZING THESE INVENTORS.
Expenses $237,072
As filed on the 2023 return.
Listed in Part VII
-
Michael OisterMICHAEL OISTER
EX OFFICIO
- Total calculated
- $959,601
- From this org
- $0
- From related orgs
- $731,641
- Other
- $227,960
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $416,891 related
- Bonus
- not reported + $314,750 related
- Other
- not reported
- Deferred
- not reported + $208,200 related
- Nontaxable benefits
- not reported + $19,760 related
- Filer's total
- not reported + $959,601 related
-
Monica JonesMONICA JONES
PRESIDENT
- Total calculated
- $443,107
- From this org
- $0
- From related orgs
- $368,949
- Other
- $74,158
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $191,421 related
- Bonus
- not reported + $60,000 related
- Other
- not reported + $117,528 related
- Deferred
- not reported + $61,777 related
- Nontaxable benefits
- not reported + $12,381 related
- Filer's total
- not reported + $443,107 related
-
Rini PaivaRINI PAIVA
SECRETARY
- Total calculated
- $164,259
- From this org
- $0
- From related orgs
- $153,154
- Other
- $11,105
- Hours/week
- 6 + 34 related
Schedule J breakdown matched by us
- Base
- not reported + $123,154 related
- Bonus
- not reported + $30,000 related
- Other
- not reported
- Deferred
- not reported + $4,992 related
- Nontaxable benefits
- not reported + $6,113 related
- Filer's total
- not reported + $164,259 related
-
Stephen HamrockSTEPHEN HAMROCK
TREASURER
- Total calculated
- $157,859
- From this org
- $0
- From related orgs
- $132,897
- Other
- $24,962
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $105,647 related
- Bonus
- not reported + $27,250 related
- Other
- not reported
- Deferred
- not reported + $18,896 related
- Nontaxable benefits
- not reported + $6,066 related
- Filer's total
- not reported + $157,859 related
-
Russell D SliferRUSSELL D SLIFER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Frederick E AllenFREDERICK E ALLEN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Edward W Gray JrEDWARD W GRAY JR
AMBASSADOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
W Bernard CarlsonW BERNARD CARLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frances LiglerFRANCES LIGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric R FossumERIC R FOSSUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah CohnDEBORAH COHN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George ElliottGEORGE ELLIOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Noreeen KrallNOREEEN KRALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra NowakSANDRA NOWAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 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)
- SCHEDULE J, PART II
- THE COMPENSATION OF OFFICERS AND DIRECTORS IS DETERMINED BY NATIONAL INVENTORS HALL OF FAME, INC. A RELATED ENTITY. NATIONAL INVENTORS HALL OF FAME, INC. DETERMINES COMPENSATION BY USING WRITTEN EMPLOYMENT CONTRACTS, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE.
- PART I, LINE 4B
- RETIREMENT AND OTHER COMPENSATION INCLUDES 401K MATCH CONTRIBUTIONS AS WELL AS DEFERRED COMPENSATION ACCRUALS WHICH WILL NOT BE EARNED UNTIL ALL PROVISIONS OF RISK OF FORFEITURE HAVE BEEN MET. DURING THE CURRENT YEAR, THE ORGANIZATION MADE CONTRIBUTIONS TO A 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE FOLLOWING INDIVIDUALS LISTED ON PART VII OF THE FORM 990: MICHAEL OISTER: $175,000 MONICA JONES: $54,000 STEPHEN HAMROCK: $15,000 DURING THE CURRENT YEAR, THE ORGANIZATION MADE CONTRIBUTIONS TO A 457(B) NONQUALIFIED DEFERRED COMPENSATION PLAN FOR THE FOLLOWING INDIVIDUAL LISTED ON PART VII OF THE FORM 990: MICHAEL OISTER: $20,000
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.
-
NATIONAL INVENTORS HALL OF FAME INC
501(c)3 · MANAGES ORGAN · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432209349300338
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