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Nonprofiteer
← OAK RIDGE FOUNDATION

Form 990 for tax year 2022

Filed by OAK RIDGE FOUNDATION.

Totals

Total revenue
$813,331
Total expenses
$258,535
Contributions and grants received
$700,000
Grants paid
$221,000
Program service revenue
$0
Investment income
$113,331
Other revenue
$0
Total assets, end of year
$4,368,613
Total liabilities, end of year
$1,571
Net assets or fund balances, end of year
$4,367,042
Program services expenses (Part IX)
$221,000
Management and general expenses
$37,535
Fundraising expenses
$0
Program service expenses (Part III)
$221,000

Program services were 85.5% 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.

  • 1f · All other contributions, gifts and grants

    $700,000

  • 3 · Investment income

    total $119,792 · excluded $119,792

  • 7a · Gross sales of assets other than inventory

    securities $3,950,000

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

    securities $3,956,461

  • 7c · Gain or loss

    securities -$6,461

  • 7d · Net gain or loss

    total -$6,461 · excluded -$6,461

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $221,000 · program services $221,000

  • 11b · Fees: legal

    total $27,778 · management and general $27,778

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 13 · Office expenses

    total $13 · management and general $13

  • 14 · Information technology

    total $799 · management and general $799

  • 23 · Insurance

    total $2,433 · management and general $2,433

  • 24a · Other expenses: BANK CHARGES

    total $12 · management and general $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $419,804 · end of year $411,125

  • 2 · Savings and temporary cash investments

    beginning of year $700,931 · end of year $3,256,839

  • 3 · Pledges and grants receivable

    beginning of year $1,400,000 · end of year $700,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $609 · end of year $649

  • 11 · Investments: publicly traded securities

    beginning of year $1,292,577

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,675 · end of year $1,571

  • 27 · Net assets without donor restrictions

    beginning of year $212,246 · end of year $288,042

  • 28 · Net assets with donor restrictions

    beginning of year $3,600,000 · end of year $4,079,000

Mission and programs · 2022

Mission

THE FOUNDATION WILL SUPPORT AND FOSTER SCIENTIFIC AND EDUCATIONAL ENDEAVORS ALIGNED WITH THE MISSIONS OF OAK RIDGE NATIONAL LABORATORY (ORNL") AND THE U.S. DEPARTMENT OF ENERGY ("DOE") AND THE ECONOMIC, ENERGY AND NATIONAL SECURITY INTERESTS OF THE UNITED STATES.

  • THE FOUNDATION WILL SUPPORT AND FOSTER SCIENTIFIC AND EDUCATIONAL ENDEAVORS ALIGNED WITH THE MISSIONS OF OAK RIDGE NATIONAL LABORATORY (ORNL") AND THE U.S. DEPARTMENT OF ENERGY ("DOE") AND THE ECONOMIC, ENERGY AND NATIONAL SECURITY INTERESTS OF THE UNITED STATES.

    Expenses $221,000 · Grants $221,000

  • N/A

  • N/A

As filed on the 2022 return.

Listed in Part VII

  • ROBERT VAN HOOK

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM STAIR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • NICOLE PORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JEFF SMITH- THRU 32823

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARK KECK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES ROBERTO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • SYLVIA DAVIS

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    3

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
10 June 2024
IRS schema version
2022v5.0
Source object
202441649349301539

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