NAVAL POSTGRADUATE SCHOOL FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NAVAL POSTGRADUATE SCHOOL FOUNDATION INC (EIN 23-7098729)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-14
- IRS object ID
- 202421359349310232
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-14T16:09:00-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1188 PADRE DRIVE STE 101 | AddressLine1Txt |
| City | SALINAS | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237098729 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAVAL POSTGRADUATE SCHOOL FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NAVA | BusinessNameControlTxt |
| Phone | 8316562339 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8626 | AddressLine1Txt |
| City | MONTEREY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93943 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICH PATTERSON | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 8316562339 | PhoneNum |
| Signature | 2024-05-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RICH | PersonFirstNm |
| Person Last | PATTERSON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KIELY HOLCOMB CPA | PreparerPersonNm |
| PTIN | P01430569 | PTIN |
| Phone | 8317596300 | PhoneNum |
| Preparation | 2024-05-10 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICH PATTERSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 8626 | AddressLine1Txt |
| City | MONTEREY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93943 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,995,864 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NPSFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPORT, PROMOTE AND ADVANCE THE MISSION OF THE NAVAL POSTGRADUATE SCHOOL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Total Volunteers | 161 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,538,148 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,758,664 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $198,012 | PYInvestmentIncomeAmt |
| CY Investment Income | $449,791 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$787,895 | PYOtherRevenueAmt |
| CY Other Revenue | -$514,783 | CYOtherRevenueAmt |
| PY Total Revenue | $3,948,265 | PYTotalRevenueAmt |
| CY Total Revenue | $3,693,672 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $92,682 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $132,997 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,171,708 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,207,629 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $531,628 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,966,093 | PYOtherExpensesAmt |
| CY Other Expenses | $2,251,321 | CYOtherExpensesAmt |
| PY Total Expenses | $5,230,483 | PYTotalExpensesAmt |
| CY Total Expenses | $3,591,947 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,282,218 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $101,725 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $10,669,568 | TotalAssetsBOYAmt |
| Total Assets EOY | $10,003,346 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,382,381 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $587,229 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $9,287,187 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $9,416,117 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE FOUNDATION AT THE NAVAL POSTGRADUATE SCHOOL IS A NONPROFIT 501 (C) (3) ORGANIZATION WHOSE MISSION IS TO SUPPORT, PROMOTE AND ADVANCE THE MISSION OF THE NAVAL POSTGRADUATE SCHOOL BY WORKING WITH SCHOOL LEADERSHIP TO IDENTIFY STRATEGIC INSTITUTIONAL PRIORITIES, AND BY RAISING, MANAGING AND DISBURSING PRIVATE GIFTS THAT PROVIDE THE MARGIN OF EXCELLENCE FOR CONTINUING EDUCATIONAL AND INTELLECTUAL DISCOURSE IN AREAS OF STRATEGIC CONSEQUENCE AT THE NATION'S PREEMINENT NATIONAL DEFENSE RESEARCH UNIVERSITY. THIS MISSION IS ACCOMPLISHED THROUGH FOUR DISTINCT PILLARS: RESEARCH FUNDING, INSTITUTIONAL ADVANCEMENT, COMMUNITY OUTREACH AND STUDENT AND FACULTY RECOGNITION. THE FOUNDATION IS COMMITTED TO SERVING THE STUDENTS, FACULTY, STAFF AND COMMUNITY OF THE NAVAL POSTGRADUATE SCHOOL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,671,293 | ExpenseAmt |
| Grant | $132,997 | GrantAmt |
| Desc | THE NAVAL POSTGRADUATE SCHOOL (NPS) FOUNDATION SERVES THE ALMOST 2,500 NAVAL POSTGRADUATE SCHOOL STUDENTS (AND THEIR FAMILIES) AT ANY GIVEN TIME, THE NEARLY 1,000 FACULTY AND STAFF MEMBERS AND COMMUNITY MEMBERS. EMPLOYED BY NPS AT ANY GIVEN TIME. THE NPS STUDENT BODY IS MADE UP OF 88% ACTIVE-DUTY SERVICE MEMBERS FROM THE U.S.' SIX ARMED SERVICES AND 225 INTERNATIONAL STUDENTS FROM APPROXIMATELY 50 PARTNER NATIONS. IN FY 2023 THE FOUNDATION OPERATES AND SUPPORTS 14 RECREATION CLUBS FOR THE NPS COMMUNITY. CLUB MEMBERSHIPS ARE FREE TO NPS STUDENTS, ALUMNI AND FACULTY AND THEIR FAMILIES. THE RECREATIONAL CLUBS FOCUS ON CREATING A SENSE OF COMMUNITY FOR FOUNDATION MEMBERS, PARTICULARLY STUDENTS. OVER 900 MEMBERS OF THE NPS COMMUNITY PARTICIPATE IN THE CLUBS FOSTERING RELATIONSHIPS AT NPS AND WITH THE SURROUNDING COMMUNITY. THEIR FAMILIES CAN ALSO PARTICIPATE IN CLUB ACTIVITIES AT NO CHARGE. IN FISCAL YEAR 2023, THE NPS FOUNDATION PROVIDED $104,154 IN SUPPORT OF RECREATIONAL CLUBS. CLUBS COVER A RANGE OF ACTIVITIES AND INTERESTS, INCLUDING: CHESS, CYBER, CYCLING, FLYING, GOLF, INTERNATIONAL (INCLUDING LANGUAGE CIRCLES), MAKERS, RUNNING, SAILING, SKYDIVING, SOCCER, VEHICLES AND WINE. THE NPS FOUNDATION MANAGES THE NPS ALUMNI ASSOCIATION AND HOSTS REGIONAL SOCIAL AND NETWORKING EVENTS FOR ALUMNI ASSOCIATION MEMBERS. THERE ARE CURRENTLY OVER 10,000 TOTAL MEMBERS OF THE NPS FOUNDATION & ALUMNI ASSOCIATION, INCLUDING OVER 1,600 CURRENT STUDENT MEMBERS. IN FISCAL YEAR 2023 THE FOUNDATION SUPPORTED THE ALUMNI ASSOCIATION WITH $66,550.THE QUARTERLY ACADEMIC AND FACULTY AND STAFF AWARDS SPONSORED BY NPS FOUNDATION RECOGNIZE EXCELLENCE IN BOTH STUDENTS AND FACULTY ACROSS MULTIPLE DEPARTMENTS IN FY23, THE FOUNDATION PROVIDED OVER $100,000 IN FACULTY AND STUDENTS AWARD GRANTS. THE NPS FOUNDATION ALSO SUPPORTS THE AWARDS AND GRADUATION RECEPTIONS AT AN AVERAGE OF $8,000 PER QUARTER AND OVER $32,000 ANNUALLY. IN THE 2023 FISCAL YEAR, THE NPS FOUNDATION INVESTED $511,582 IN THE PLANNING AND DEVELOPMENT OF THE NAVAL INNOVATION CENTER AT NPS VISION AND HAS COMMITTED TO WORK ALONGSIDE NPS IN THE ADVOCACY, DEVELOPMENT AND FUNDING OF A NAVAL INNOVATION CENTER AT NPS THROUGH ITS COMPLETION. THE NAVAL INNOVATION CENTER AT NPS WILL BE AN INCUBATOR FOR ADVANCED WARFIGHTING SOLUTIONS UP TO THE CLASSIFIED LEVEL. IT WILL ALSO ENHANCE NPS EDUCATION AND RESEARCH AND SERVE AS A RESOURCE FOR THE DEPARTMENT OF THE NAVY AND THE NAVAL RESEARCH AND DEVELOPMENT ENTERPRISE. PROJECT ATHENA IS A COLLABORATIVE RESEARCH APPLICATION BUILT TO EMPOWER RESEARCHERS, SPONSORS AND LEADERS AT THE NPS AND ACROSS THE NAVAL EDUCATION ENTERPRISE AND THE DEPARTMENT OF DEFENSE TO ACCESS AND QUERY INFORMATION CURRENTLY STORED IN NUMEROUS SEPARATE DATABASES BY USE OF KEYWORDS, TOPICS OF INTEREST, SERVICE PRIORITIES AND OTHER FILTERS. DURING THE 2023 FISCAL YEAR, THE NPS FOUNDATION HAS INVESTED $537,080 AND HUNDREDS OF HOURS ON THE DESIGN, DEVELOPMENT AND HOSTING OF ATHENA. ATHENA 3.1 IS CURRENTLY IN BETA TESTING ON THE NPS FOUNDATION TENANT, USING COMMUNITY INPUT TO CONTINUOUSLY IMPROVE THE APPLICATION.IN FY23, THE NPS FOUNDATION PROVIDED SEED FUNDING SUPPORT TO SEVEN FACULTY RESEARCH PROJECTS AND SEEDLING FUNDING TO ONE THROUGH ITS DEFENSE INNOVATION FUND AND SEED PROGRAM. PROJECTS FOCUS ON IMPROVING NATIONAL SECURITY, INCREASING WARFIGHTING CAPABILITIES, AND ADDRESSING MILITARY INEFFICIENCIES. THE PROGRAM ALLOWS NPS STUDENTS TO PARTNER WITH PROFESSORS TO TURN IDEAS INTO ACTION. IN FISCAL YEAR 2023, THE NPS FOUNDATION PROVIDED $145,423 IN SUPPORT THROUGH THE DEFENSE INNOVATION FUND.IN 2022-23 NPS FOUNDATION SPONSORED THREE RESEARCH FELLOWSHIPS AT NPS, FACILITATING ONGOING RESEARCH IN SECURITY STUDIES, ENRICHING EXISTING CURRICULA, AND INFUSING NEW IDEAS IN THE CLASSROOMS OF NPS. THE NPS FOUNDATION PROVIDED $240,172 IN SUPPORT OF THE PROGRAM AND THE FELLOWS DURING THE 2023 FISCAL YEAR.THE NPS FOUNDATION HELD, IN PARTNERSHIP WITH NPS, THE SECOND ANNUAL RAPID INNOVATION DESIGN CHALLENGE DURING THE 2023 FISCAL YEAR. A TOTAL OF 75 STUDENTS REPRESENTING 20 SCIENCE CLASSES AND ROBOTICS TEAMS FROM MONTEREY COUNTY HIGH SCHOOLS COMPETED IN THE SECOND ANNUAL RAPID INNOVATION DESIGN CHALLENGE IN WHICH HIGH SCHOOL STUDENTS WORKED WITH MENTORS TO OFFER REAL-WORLD LOCAL SOLUTIONS TO A NATIONAL SECURITY IMPERATIVE AND GLOBAL PROBLEM CLIMATE CHANGE. THE RAPID INNOVATION DESIGN CHALLENGE PROGRAM INCLUDES SCAFFOLDED CURRICULA THAT MATCH CRITICAL SKILLS FOR HIGHER EDUCATION AND A MODERN WORKFORCE TO SCHOOL STANDARDS. EACH CHALLENGE INTEGRATES CRITICAL THINKING, ANALYTIC REASONING, PROBLEM SOLVING AND WRITTEN COMMUNICATION SKILLS AS TEAMS EXPLORE APPLICATIONS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH TO CREATE MEANINGFUL SOLUTIONS WITH GLOBAL IMPACT. THE CHALLENGE FOCUSED ON HOW WORKFLOW PROCESS AUTOMATION CAN ADDRESS LOCAL COMMUNITY CLIMATE CHANGE CHALLENGES. PARTICIPANTS WERE ENCOURAGED TO CREATE LOW-CODE OR NO-CODE CUSTOM APPLICATIONS FOR THEIR CHALLENGE SOLUTIONS USING SOFTWARE PROVIDED BY INDUSTRY COLLABORATORS. ENVIRONMENTAL CHALLENGES THAT STUDENT TEAMS ADDRESSED INCLUDED SOIL NUTRIENT LEVELS, ENVIRONMENTALLY HARMFUL FOOD PRODUCTS, TRANSPORTATION POLLUTION, SEA LEVEL RISE, INCREASED FREQUENCY OF EXTREME WEATHER EVENTS, DROUGHT, HABITAT AND SPECIES LOSS AND OCEAN ACIDIFICATION. APPLICATIONS THAT THE STUDENT TEAMS DESIGNED SHOWED A RANGE OF TECHNOLOGICAL CAPABILITIES INCLUDING DATA ANALYTICS AND REPORTING, SOCIAL NETWORKING, NOTIFICATION, CLIMATE MONITORING AND OTHER CREATIVE METHODS TO ADDRESS THE CHALLENGES ASSOCIATED WITH CLIMATE CHANGE. THE NPS FOUNDATION SUPPORTED THIS INITIATIVE WITH $28,578. | Desc |
| Total Program Service Expenses | $2,671,293 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 24 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 10 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICH PATTERSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8316562427 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | NAVAL POSTGRADUATE SCHOOL | AddressLine1Txt |
| City | MONTEREY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93940 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (32 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MICHAEL MORGAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GARY COUGHLAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| RICHARD ELSTER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN HARGROVE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JULIE ROTH | |||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CRAIG JOHNSON | |||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| SUSAN MONTGOMERY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL OLIVER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| HANK PLAIN | |||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| DAVID RICE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW ROSENBERG | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL SHUTE | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM TYLER III | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS PRESCOTT | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| LEONARD RIGGS JR | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT SKINNER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| EVAN ALLEN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NORMAN WESLEY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS FUSSELL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KENNETH BEALL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA LAPIN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVEN LERMAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SCOTT NEGRI | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM O'DONNELL JR | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES CAREY | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT JAUNICH | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK KAUFMAN | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ANDREW PAUL | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| DAN LYNCH | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN MICEK | |||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD PATTERSON | |||||||
| CEO | 40.00 | $222,328 | $0 | $122,766 | Yes (X) | ||
| TODD LYONS | |||||||
| VP, RESEARCH | 40.00 | $186,372 | $0 | $12,283 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $408,700 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $135,049 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $3,150 | MembershipDuesAmt |
| Fundraising | $2,816,754 | FundraisingAmt |
| All Other Contributions | $938,760 | AllOtherContributionsAmt |
| Noncash Contributions | $1,280,750 | NoncashContributionsAmt |
| Total Contributions | $3,758,664 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $207,132 | TotalRevenueColumnAmt |
| Exclusion | $207,132 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,445,568 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,202,909 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $242,659 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $242,659 | TotalRevenueColumnAmt |
| Exclusion | $242,659 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $1,366,919 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $2,816,754 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $1,928,553 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$561,634 | TotalRevenueColumnAmt |
| Exclusion | -$561,634 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $207,167 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $170,730 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,437 | TotalRevenueColumnAmt |
| Exclusion | $36,437 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 611710 | BusinessCd |
| Total Revenue Column | $10,414 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,414 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $10,414 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,693,672 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,414 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$75,406 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,176 | TotalAmt |
| Program Services | $32,176 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,821 | TotalAmt |
| Program Services | $100,821 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $382,245 | TotalAmt |
| Program Services | $133,786 | ProgramServicesAmt |
| Management And General | $19,112 | ManagementAndGeneralAmt |
| Fundraising | $229,347 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $702,528 | TotalAmt |
| Program Services | $499,304 | ProgramServicesAmt |
| Management And General | $58,237 | ManagementAndGeneralAmt |
| Fundraising | $144,987 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,165 | TotalAmt |
| Program Services | $19,709 | ProgramServicesAmt |
| Management And General | $2,997 | ManagementAndGeneralAmt |
| Fundraising | $6,459 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,283 | TotalAmt |
| Program Services | $20,564 | ProgramServicesAmt |
| Management And General | $3,286 | ManagementAndGeneralAmt |
| Fundraising | $5,433 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,408 | TotalAmt |
| Program Services | $40,723 | ProgramServicesAmt |
| Management And General | $5,000 | ManagementAndGeneralAmt |
| Fundraising | $18,685 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,613 | TotalAmt |
| Management And General | $65,613 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,398 | TotalAmt |
| Management And General | $31,398 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,492 | TotalAmt |
| Program Services | $57,923 | ProgramServicesAmt |
| Fundraising | $569 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,984 | TotalAmt |
| Program Services | $1,208 | ProgramServicesAmt |
| Fundraising | $776 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,614 | TotalAmt |
| Management And General | $13,785 | ManagementAndGeneralAmt |
| Fundraising | $17,829 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,227 | TotalAmt |
| Management And General | $52,227 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,285 | TotalAmt |
| Management And General | $5,285 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,693 | TotalAmt |
| Management And General | $38,722 | ManagementAndGeneralAmt |
| Fundraising | $41,971 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,953 | TotalAmt |
| Management And General | $6,953 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,151 | TotalAmt |
| Management And General | $27,151 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| SCHOOL FUNDING EXPENSE | $1,562,923 | $1,562,923 | ||
| CLUB EXPENSE | $104,154 | $104,154 | ||
| ALUMNI ASSOCIATION | $66,551 | $66,551 | ||
| MEALS | $35,409 | $979 | $792 | $33,638 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,874 | TotalAmt |
| Program Services | $30,472 | ProgramServicesAmt |
| Management And General | $58,468 | ManagementAndGeneralAmt |
| Fundraising | $31,934 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,591,947 | TotalAmt |
| Program Services | $2,671,293 | ProgramServicesAmt |
| Management And General | $389,026 | ManagementAndGeneralAmt |
| Fundraising | $531,628 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,257,418 | BOYAmt |
| EOY | $709,435 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,129 | BOYAmt |
| EOY | $26,144 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,861,936 | BOYAmt |
| EOY | $1,333,922 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $945,100 | BOYAmt |
| EOY | $1,168,888 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,317 | BOYAmt |
| EOY | $75,800 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $18,292 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $146,383 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $97,212 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,717 | BOYAmt |
| EOY | $49,171 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,462,951 | BOYAmt |
| EOY | $6,621,694 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,669,568 | BOYAmt |
| EOY | $10,003,346 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,382,381 | BOYAmt |
| EOY | $587,229 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,382,381 | BOYAmt |
| EOY | $587,229 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,288,960 | BOYAmt |
| EOY | $7,226,918 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,998,227 | BOYAmt |
| EOY | $2,189,199 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,287,187 | BOYAmt |
| EOY | $9,416,117 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,669,568 | BOYAmt |
| EOY | $10,003,346 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $101,725 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $27,205 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,185,152 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,041,324 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,960,466 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,538,148 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,758,664 | CurrentTaxYearAmt |
| Total | $17,483,754 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,820 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $47,640 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,820 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,155 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $52,295 | CurrentTaxYearAmt |
| Total | $195,730 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,208,972 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,088,964 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,984,286 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,586,303 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,810,959 | CurrentTaxYearAmt |
| Total | $17,679,484 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $5,867,442 | SubstantialContributorsTotAmt |
| Public Support Total170 | $11,812,042 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $198,809 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $213,904 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $129,841 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $198,012 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $207,132 | CurrentTaxYearAmt |
| Total | $947,698 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $39,063 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,741 | CurrentTaxYearMinus3YearsAmt |
| Total | $52,804 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $18,679,986 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $161,128 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.63230 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72770 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,152,617 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $221,504 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $40,231 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,333,890 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,303,797 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$100,998 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $50,182 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,152,617 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,973,241 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $365,995 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $35,439 | GrantsOrScholarshipsAmt |
| End Year Balance | $2,303,797 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,946,097 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $220,124 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $192,980 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,973,241 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,161,581 | BeginningYearBalanceAmt |
| Contributions | $1,236 | ContributionsAmt |
| Investment Earnings Or Losses | -$169,529 | InvestmentEarningsOrLossesAmt |
| Grants Or Scholarships | $47,191 | GrantsOrScholarshipsAmt |
| End Year Balance | $1,946,097 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.21000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.41000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.38000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,326 | OtherCostOrOtherBasisAmt |
| Depreciation | $18,444 | DepreciationAmt |
| Book Value | $36,882 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $46,822 | OtherCostOrOtherBasisAmt |
| Depreciation | $39,835 | DepreciationAmt |
| Book Value | $6,987 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $44,235 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,933 | DepreciationAmt |
| Book Value | $5,302 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $49,171 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS | Desc |
| Book Value | $6,621,694 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $6,621,694 | TotalBookValueSecuritiesAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,773,172 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $27,205 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $83,693 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $110,898 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,662,274 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $31,398 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $31,398 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,693,672 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,644,242 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $83,693 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $83,693 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,560,549 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $31,398 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $31,398 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,591,947 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | DONOR RESTRICTED ENDOWMENT FUNDS ARE TO BE USED FOR DONOR SPECIFIED USES AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR ANY USES APPROVED BY THE BOARD. |
| PART X, LINE 2: | AS A TAX-EXEMPT NONPROFIT ORGANIZATION, THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND FROM STATE FRANCHISE TAX UNDER CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701(D) BUT IS SUBJECT TO TAXES ON UNRELATED BUSINESS INCOME WHEN EARNED. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. THE FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE AND FOUR YEARS, RESPECTIVELY, AFTER THEY ARE FILED. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GOLF TOURNAMENT | Event1Nm |
| Gross Receipts Event1 | $3,840,998 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $2,510,754 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $1,330,244 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $134,670 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $1,452,273 | OtherDirectExpensesEvent1Amt |
| Event2 | WINTER BALL | Event2Nm |
| Gross Receipts Event2 | $342,675 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $306,000 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $36,675 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $183,372 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $158,238 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $4,183,673 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $2,816,754 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $1,366,919 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $318,042 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $1,610,511 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $1,928,553 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$561,634 | NetIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Member Of Other Entity | Yes (1) | MemberOfOtherEntityInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MORSE FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 CLUB ROAD | AddressLine1Txt |
| City | PEBBLE BEACH | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 93953 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 471592912 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $10,000 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | TO SUPPORT DONEE'S PROGRAMS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|
| SCHOLARSHIP AWARDS | 34 | $100,821 | |
| N/A |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | BOARD APPROVES GRANT AMOUNTS EACH YEAR. GRANTS ARE ISSUED TO ORGANIZATIONS BASED ON THE FOUNDATION'S PROGRAM SERVICES AND TO INDIVIDUALS BASED ON DONOR REQUIREMENTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD PATTERSON | ||||||||||||||
| CEO | $222,328 | $0 | $0 | $0 | $0 | $0 | $14,065 | $0 | $108,701 | $0 | $345,094 | $0 | $0 | $0 |
| TODD LYONS | ||||||||||||||
| VP, RESEARCH | $186,372 | $0 | $0 | $0 | $0 | $0 | $9,497 | $0 | $2,786 | $0 | $198,655 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $29,500 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (6 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | TRIPS/VACATIONS | 11 | $800,300 | FMV |
| Yes (X) | DINNERS | 4 | $252,500 | FMV |
| Yes (X) | WINE | 4 | $165,000 | FMV |
| Yes (X) | FIRESIDE CHAT | 1 | $28,000 | FMV |
| Yes (X) | ELECTRIC GUITAR | 1 | $5,000 | FMV |
| Yes (X) | WOOD BOWLS/PENS | 1 | $450 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD MAY, BY A MAJORITY OF THE TRUSTEES THEN IN OFFICE, PROVIDED THAT A QUORUM IS PRESENT, DESIGNATE ONE OR MORE COMMITTEES, EACH CONSISTING OF TWO OR MORE TRUSTEES, TO SERVE AT THE PLEASURE OF THE BOARD. MEMBERSHIP OF TRUSTEES IN COMMITTEES IS DETERMINED BY THE BOARD CHAIRMAN. BOARD APPROVAL WILL BE REQUIRED TO INVITE ANY NON-BOARD MEMBER TO SERVE ON ANY BOARD COMMITTEE TO WHICH THE BOARD DELEGATES AUTHORITY TO MAKE AND EXECUTE DECISIONS WITHOUT PRIOR BOARD APPROVAL. PERSONS WHO ARE NOT TRUSTEES MAY SERVE ON COMMITTEES NOT HAVING THE PREVIOUSLY REFERENCED DELEGATED AUTHORITY AT THE DISCRETION OF THE COMMITTEE CHAIR. COMMITTEES SHALL HAVE ALL THE AUTHORITY OF THE BOARD WITH RESPECT TO MATTERS WITHIN THEIR AREA OF ASSIGNED RESPONSIBILITY, EXCEPT THAT NO COMMITTEE, REGARDLESS OF BOARD RESOLUTION, MAY: (A) TAKE ANY FINAL ACTION ON ANY MATTER WHICH, UNDER THE CALIFORNIA NONPROFIT CORPORATION LAW, ALSO REQUIRES APPROVAL OF THE TRUSTEES. (B) FILL VACANCIES ON THE BOARD OF TRUSTEES OR ON ANY COMMITTEE WHICH HAS BEEN DELEGATED ANY AUTHORITY OF THE BOARD. (C) AMEND OR REPEAL THE BYLAWS OR ADOPT NEW BYLAWS. (D) AMEND OR REPEAL ANY RESOLUTION OF THE BOARD OF TRUSTEES WHICH BY ITS EXPRESS TERMS IS NOT AMENDABLE OR REPEALABLE. (E) APPOINT ANY OTHER COMMITTEES OF THE BOARD OF TRUSTEES OR THE MEMBERS OF THOSE COMMITTEES. (F) APPROVE ANY TRANSACTION (I) TO WHICH THE FOUNDATION IS A PARTY AND IN WHICH ONE OR MORE TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST; OR (II) BETWEEN THIS FOUNDATION AND ONE OR MORE OF ITS TRUSTEES OR BETWEEN THE FOUNDATION AND ANY PERSON IN WHICH ONE OR MORE OF ITS TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE SHALL HAVE THE RESPONSIBILITY FOR REVIEWING THE FOUNDATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. -A DRAFT OF THE FORM 990 SHALL BE READY FOR REVIEW BY THE AUDIT COMMITTEE NO LATER THAN ONE MONTH PRIOR TO THE FILING DEADLINE. -AFTER THE DRAFT OF THE FORM 990 HAS BEEN OBTAINED BY THE AUDIT COMMITTEE, THEY HAVE NO MORE THAN TWO WEEKS TO COMPLETE THEIR REVIEW. -IN CONDUCTING THEIR REVIEW OF THE DRAFT OF THE FORM 990, IT IS PREFERRED THAT THE AUDIT COMMITTEE SHALL CONDUCT A TOP-LEVEL OR BIG PICTURE TYPE REVIEW; HOWEVER, IF THE AUDIT COMMITTEE DESIRES OR DEEMS IT NECESSARY TO CONDUCT A MORE DETAILED REVIEW OF THE FORM 990, THEN THEY SHOULD CONTACT THE PREPARER OF THE FORM 990 TO REQUEST COPIES OF THE RELEVANT TAX RETURN WORK PAPERS THEY WOULD LIKE TO SEE. -ONCE THE AUDIT COMMITTEE HAS COMPLETED THEIR INITIAL REVIEW OF THE FORM 990, EITHER A MEETING OR A CONFERENCE CALL SHALL BE SCHEDULED WITH THE PREPARER OF THE FORM 990 (REGARDLESS OF WHETHER THE FORM 990 IS EXTERNALLY OR INTERNALLY PREPARED) TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE AUDIT COMMITTEE. -THE PREPARER OF THE FORM 990 SHALL MAKE ANY REVISIONS TO THE FORM 990 AS SOON AS FEASIBLY POSSIBLE TO ENSURE THAT THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE ON A TIMELY BASIS. -ALL OF THE QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS SET FORTH BY THE AUDIT COMMITTEE SHOULD BE DOCUMENTED, ALONG WITH ANY RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE. -AFTER THE FORM 990 HAS BEEN REVIEWED BY THE AUDIT COMMITTEE AND FILED WITH THE INTERNAL REVENUE SERVICE, THE AUDIT COMMITTEE SHALL MAKE A PRESENTATION AT THE NEXT FULL BOARD OF TRUSTEES MEETING TO UPDATE THE FULL BOARD REGARDING THE REVIEW OF THE FORM 990; AT THIS MEETING WITH THE FULL BOARD OF TRUSTEES, IT IS NOT REQUIRED FOR THE AUDIT COMMITTEE TO REVIEW ALL THEIR QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS; A SUMMARY OF THEIR IMPORTANT POINTS WILL BE SUFFICIENT. |
| FORM 990, PART VI, SECTION B, LINE 12C | DUTY TO DISCLOSE -IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, INTERESTED PERSONS MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTERESTS AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE EXECUTIVE COMMITTEE OF THE FOUNDATION WHEN THE EXECUTIVE COMMITTEE CONSIDERS A PROPOSED TRANSACTION OR ARRANGEMENT. ADDRESSING THE CONFLICT OF INTEREST -THE PRESIDING OFFICER OF THE EXECUTIVE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. -AFTER EXERCISING DUE DILIGENCE, THE EXECUTIVE COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. -IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEN THE EXECUTIVE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE FOUNDATION, AND WHETHER IT IS FAIR AND REASONABLE. ONCE THIS DETERMINATION IS MADE, THE EXECUTIVE COMMITTEE SHALL DECIDE WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. VIOLATIONS OF CONFLICT OF INTEREST POLICY IF THE EXECUTIVE COMMITTEE HAS REASON TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE, IT SHALL INFORM THE MEMBER OF THE BASIS AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INQUIRY, OR THE EXECUTIVE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE EXECUTIVE COMMITTEE SHALL TAKE APPROPRIATE AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | DETERMINING REASONABLE COMPENSATION -THE FOUNDATION SHALL SATISFY THE LEGAL PRESUMPTION OF REASONABLENESS SET FORTH IN THE INTERNAL REVENUE CODE SECTION 4958 REGARDING INTERMEDIATE SANCTIONS, BY FOLLOWING THESE STEPS WHEN DETERMINING THE ANNUAL COMPENSATION FOR ANY FOUNDATION INSIDER: -COMPENSATION ARRANGEMENT SHALL BE APPROVED IN ADVANCE BY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE. THIS GROUP SHALL BE COMPOSED OF PERSONS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. THE MEMBERS OF THE GROUP CAN CHANGE DEPENDING UPON THE PERSON WHOSE COMPENSATION IS UNDER REVIEW. -BEFORE MAKING THE REASONABLE COMPENSATION DETERMINATION, THE EXECUTIVE COMMITTEE GROUP SHALL RELY UPON COMPARABILITY DATA (COMPARABILITY DATA INCLUDES COMPENSATION PAID BY COMPARABLE AND SIMILARLY SITUATED ENTITIES) IN DECIDING WHETHER TO APPROVE THE COMPENSATION. -THE EXECUTIVE COMMITTEE MEMBERS SHALL CONTEMPORANEOUSLY DOCUMENT IN WRITING ITS BASIS FOR MAKING ITS REASONABLE COMPENSATION DETERMINATION. THE FOUNDATION UTILIZES A WORKSHEET THAT IS COMPLETED BY THE GROUP WHEN IT CONVENES, AND THE WORKSHEET SHALL SERVE AS THE REQUIRED WRITTEN DOCUMENTATION FOR THE FOLLOWING: -TERMS OF THE APPROVED COMPENSATION AND THE DATE APPROVED. -MEMBERS OF THE EXECUTIVE COMMITTEE GROUP PRESENT DURING DISCUSSIONS ON THE COMPENSATION AMOUNT, THOSE WHO VOTED AND HOW THEY VOTED. -DESCRIPTION OF COMPARABILITY DATA OBTAINED AND RELIED UPON; HOW THE DATA WAS OBTAINED. -ANY ACTIONS BY AN EXECUTIVE COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST (E.G., DISCLOSURE OF CONFLICT OF INTEREST; RECUSAL FROM THE DISCUSSION) -THE REASONABLE COMPENSATION DISCUSSION SHALL BE UNDERTAKEN BY THE EXECUTIVE COMMITTEE MEMBERS ANNUALLY; THE INDIVIDUAL WHOSE COMPENSATION IS BEING DISCUSSED SHALL NOT BE PRESENT DURING SUCH DISCUSSIONS. THE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE PRESENTED FOR FULL BOARD OF TRUSTEES APPROVAL AT ITS ANNUAL MEETING IN NOVEMBER. -THE BOARD DETERMINES AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE INDIVIDUAL WHOSE COMPENSATION IS BEING DETERMINED IS NOT INCLUDED IN THE APPROVAL PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COPIES OF DOCUMENTS ARE PROVIDED UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
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