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← VITIS RESEARCH AND DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by VITIS RESEARCH AND DEVELOPMENT CORPORATION.

Totals

Total revenue
$28,587
Total expenses
$40,000
Contributions and grants received
$0
Grants paid
$40,000
Program service revenue
$0
Investment income
$60,205
Other revenue
-$31,618
Total assets, end of year
$1,535,482
Total liabilities, end of year
$5,558
Net assets or fund balances, end of year
$1,529,924
Program services expenses (Part IX)
$40,000
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$40,000

Program services were 100.0% 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 $85,417 · related or exempt $85,417

  • 6a · Gross rents

    real property $13,888

  • 6b · Less rental expenses

    real property $45,506

  • 6c · Rental income or loss

    real property -$31,618

  • 6d · Net rental income or loss

    total -$31,618 · related or exempt -$31,618

  • 7a · Gross sales of assets other than inventory

    securities $1,889,073

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

    securities $1,914,285

  • 7c · Gain or loss

    securities -$25,212

  • 7d · Net gain or loss

    total -$25,212 · related or exempt -$25,212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,000 · program services $40,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $51,930 · end of year $139,422

  • 10a · Land, buildings and equipment: cost or other basis

    $20,158

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,484

  • 10c · Land, buildings and equipment, net

    beginning of year $11,674 · end of year $11,674

  • 11 · Investments: publicly traded securities

    beginning of year $1,477,733 · end of year $1,384,386

  • 25 · Other liabilities

    end of year $5,558

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,541,337 · end of year $1,529,924

Mission and programs · 2023

Mission

TO FURTHER AGRI, HORT, VITICULTURAL EXPERIMENTATION

  • TO FURTHER AGRI, HORT, VITICULTURAL EXPERIMENTATION

  • TO FURTHER AGRI, HORT, VITICULTURAL EXPERIMENTATION

    Expenses $40,000 · Grants $40,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHARLES ERIC FOERSTER

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • GORDON L FOERSTER

    S/T

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JAMES H FOERSTER

    PRES

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • WILLIAM MATHEW FOERSTER

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • DAVID LYONS

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $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
2023
Filed
21 July 2024
IRS schema version
2023v6.0
Source object
202502209349300810

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