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SCHEDULE N
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Liquidation, Termination, Dissolution, or Significant Disposition of Assets
bullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 31 or 32; or Form 990-EZ, line 36.
bullet Attach certified copies of any articles of dissolution, resolutions, or plans.
bullet Attach to Form 990 or 990-EZ.
bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Name of the organization
Heffter Research Institute Inc
 
Employer identification number
85-0414512
Part I
Liquidation, Termination, or Dissolution. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 31, or Form 990-EZ, line 36. Part I can be duplicated if additional space is needed.
1(a) Description of asset(s)
distributed or transaction
expenses paid 		(b) Date of
distribution 		(c) Fair market value of
asset(s) distributed or
amount of transaction
expenses 		(d) Method of
determining FMV for
asset(s) distributed or
transaction expenses 		(e) EIN of recipient (f) Name and address of recipient (g) IRC section
of recipient(s) (if
tax-exempt) or type
of entity
Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? .........................
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? .....................
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? .....................
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization's significant disposition of assets? ........
2d
 
 
e
If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. bullet
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.
Cat. No. 50087Z
Schedule N (Form 990 or 990-EZ) (2020)
Page 2

Schedule N (Form 990 or 990-EZ) (2020)
Page 2
Part I
Liquidation, Termination, or Dissolution (continued)
Note. If the organization distributed all of its assets during the tax year, then Form 990, Part X, column (B), line 16 (Total assets), and line 26 (Total liabilities), should equal -0-.
Yes
No
3
Did the organization distribute its assets in accordance with its governing instrument(s)? If "No," describe in Part III .............
3
 
 
4a
Is the organization required to notify the attorney general or other appropriate state official of its intent to dissolve, liquidate, or terminate? ......
4a
 
 
b
If "Yes," did the organization provide such notice? .....................
4b
 
 
5
Did the organization discharge or pay all of its liabilities in accordance with state laws? .....................
5
 
 
6a
Did the organization have any tax-exempt bonds outstanding during the year? .....................
6a
 
 
b
If "Yes" on line 6a, did the organization discharge or defease all of its tax-exempt bond liabilities during the tax year in accordance with the Internal Revenue Code and state laws?
6b
 
 
c
If "Yes" on line 6b, describe in Part III how the organization defeased or otherwise settled these liabilities. If "No" on line 6b, explain in Part III.

Part II
Sale, Exchange, Disposition, or Other Transfer of More Than 25% of the Organization's Assets. Complete this part if the organization answered "Yes" on Form 990, Part IV, line 32, or Form 990-EZ, line 36. Part II can be duplicated if additional space is needed.
1(a) Description of asset(s)
distributed or transaction
expenses paid 		(b) Date of
distribution 		(c) Fair market value of
asset(s) distributed or
amount of transaction
expenses 		(d) Method of
determining FMV for
asset(s) distributed or
transaction expenses 		(e) EIN of recipient (f) Name and address of recipient (g) IRC section
of recipient(s) (if
tax-exempt) or type
of entity
Cash and cash equivalents 12-31-2020 535,083 Cash value per books 85-1073501 Heffter Research Institute
 
15 East Putnam Avenue Suite 4
Greenwich,CT068305424 		501(c)(3)
Assignment of pledges receivable 12-31-2020 579,536 Outstanding balance per books 85-1073501 Heffter Research Institute
 
15 East Putnam Avenue Suite 4
Greenwich,CT068305424 		501(c)(3)
Assumption of grants payable and other obligations 12-31-2020 921,087 Outstanding balance per books 85-1073501 Heffter Research Institute
 
15 East Putnam Avenue Suite 4
Greenwich,CT068305424 		501(c)(3)
Yes
No
2
Did or will any officer, director, trustee, or key employee of the organization:
a
Become a director or trustee of a successor or transferee organization? .........................
2a
 
 
b
Become an employee of, or independent contractor for, a successor or transferee organization? .....................
2b
 
 
c
Become a direct or indirect owner of a successor or transferee organization? .....................
2c
 
 
d
Receive, or become entitled to, compensation or other similar payments as a result of the organization's liquidation, termination, or dissolution? ........
2d
 
 
e
If the organization answered "Yes" to any of the questions on lines 2a through 2d, provide the name of the person involved and explain in Part III. bullet
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.
Cat. No. 50087Z
Schedule N (Form 990 or 990-EZ) (2020)

Page 3
Schedule N (Form 990 or 990-EZ) (2020)
Page 3
Part III
Supplemental Information. Provide the information required by Part I, lines 2e and 6c, and Part II, line 2e. Also complete this part to provide any additional information.
Return Reference Explanation
Part II, Line 2e: Person(s) Involved: Schedule N, Part II, Lines 2a and 2b, Names of Persons Involved:George Greer, Chair; Mark A. Geyer, Director; Roland Griffiths, Director; Charles S. Grob, Director; Dennis J. McKenna, Director; Janis Phelps, Director; T. Cody Swift, Director; Franz X. Vollenweider, Director; Carey Turnbull, President; David E. Nichols, Vice President; Claudia Turnbull, Secretary; William A. Linton, Treasurer
Part II, Line 2e: Explanation of Involvement: Schedule N, Part II, Line 2a, Explanation of Involvement:In the 2020 tax year, Heffter Research Institute's (EIN: 85-0414512, "HRI NM") board of directors determined that it would be in the Organization's best interest to change its state of incorporation from New Mexico to Delaware. Accordingly, a successor organization, also named Heffter Research Institute (EIN: 85-1073501, "HRI DE"), was incorporated in Delaware, and the majority of HRI NM's assets and obligations were transferred into the new HRI DE entity. HRI NM retained a nominal amount of funds to cover any final administrative costs or expenses that may arise in 2021. All remaining assets will be transferred from HRI NM into HRI DE upon HRI NM's formal and final winding up of its affairs. All directors and officers of HRI NM's board continued to serve on the board of HRI DE, without change; these individuals took up roles and responsibilities on the successor organization's board that were identical to their position on HRI NM's board, and in furtherance of an identical purpose and exempt mission. Schedule N, Part II, Line 2b, Explanation of Involvement:George Greer serves the Institute as its medical director and as the board's chair. Dr. Greer is also compensated as an independent contractor for the services he provides to the organization; Dr. Greer has been the medical director of the Institute since 1998, and has supervised HRI NM's medical and scientific research. Dr. Greer will continue to serve HRI DE and be compensated for his services in a capacity and manner that is identical to the arrangement with HRI NM.
Schedule N (Form 990 or 990-EZ) (2020)



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