Foundation For Research

Carson City, NV
Tax-exempt since April 1988
EIN: 88-0234196

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Medical Research / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$8.08M (2023)

Expenses

$3.96M (2023)

Total Assets

$153M (2023)

Total Liabilities

$126k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$8,084,942

Expenses

$3,959,908

Net Income

$4,125,034

Net Assets

$153,032,320

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,100,000	38.3%
Program Services	$0
Investment Income	$2,427,475	30.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,557,467	31.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$923,070	23.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$153,158,382
Total Liabilities	$126,062
Net Assets	$153,032,320

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$203,362	$460,094	$97,800
Jarred W Sloan (Trustee, Vice President, Treasurer)	$168,007	$495,449	$97,800
John Russell Beekman (Vice President)	$113,678	$0	$39,925
Lynn P Carter (Trustee)	$97,315	$566,141	$97,800
Brian W Crozier (Trustee, Chairman)	$97,315	$247,991	$50,086
Joan S Dunlap (Trustee,Vp,Assistant Secretary)	$94,995	$405,091	$88,019
Thomas J Brorby Deceased (Trustee, Chairman)	$80,872	$206,090	$16,600
Robert L Evans (Vp, Assistant Treasurer)	$0	$210,000	$81,846
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$6,169,277

Expenses

$2,922,550

Net Income

$3,246,727

Net Assets

$139,379,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,607,324	42.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,561,953	57.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$819,023	28.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$139,501,706
Total Liabilities	$122,048
Net Assets	$139,379,658

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$190,950	$432,012	$93,530
Jarred W Sloan (Trustee, Vice President, Treasurer)	$157,752	$465,210	$93,530
John Russell Beekman (Vice President)	$106,740	$0	$38,554
Lynn P Carter (Trustee)	$91,375	$531,587	$93,530
Thomas J Brorby (Trustee, Chairman)	$91,375	$232,855	$48,520
Brian W Crozier (Trustee)	$91,375	$232,855	$48,520
Joan S Dunlap (Vice President, Assistant Secretary)	$23,581	$213,155	$84,230
Robert L Evans (Assistant Treasurer)	$0	$198,267	$78,460
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$4,402,154

Expenses

$2,838,601

Net Income

$1,563,553

Net Assets

$163,912,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$500,000	11.4%
Program Services	$0
Investment Income	$2,126,418	48.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,775,736	40.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$770,074	27.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$164,068,419
Total Liabilities	$155,515
Net Assets	$163,912,904

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$178,459	$403,750	$90,799
Jarred W Sloan (Trustee, Vice President, Treasurer)	$147,433	$434,776	$90,799
John Russell Beekman (Vice President)	$103,631	$0	$36,877
Lynn P Carter (Trustee)	$85,398	$496,811	$90,799
Thomas J Brorby (Trustee, Chairman)	$85,398	$217,622	$48,921
Brian W Crozier (Trustee)	$85,398	$217,622	$48,921
Joan S Dunlap (Vice President, Assistant Secretary)	$22,038	$199,211	$82,108
Robert L Evans (Assistant Treasurer)	$0	$194,400	$78,081
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$2,247,407

Expenses

$2,025,340

Net Income

$222,067

Net Assets

$147,101,827

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,061,381	91.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$186,026	8.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$759,099	37.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$147,263,007
Total Liabilities	$161,180
Net Assets	$147,101,827

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert M Wallace (Trustee, President)	$175,994	$398,176	$86,256
Jarred W Sloan (Trustee, Vice President, Treasurer)	$145,396	$428,774	$86,256
John Russell Beekman (Vice President)	$102,200	$0	$36,441
Lynn P Carter (Trustee)	$84,218	$489,952	$86,256
Thomas J Brorby (Trustee, Chairman)	$84,218	$214,618	$44,552
Brian W Crozier (Trustee)	$84,218	$214,618	$44,552
Joan S Dunlap (Vice President, Assistant Secretary)	$21,734	$196,460	$77,829
Robert L Evans (Assistant Treasurer)	$0	$176,000	$71,500
Christopher Mac Kenzie (Vice President, Secretary)	$0	$0	$0

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990

Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$9,407,515

Expenses

$3,107,617

Net Income

$6,299,898

Net Assets

$134,441,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,575,212	27.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,832,303	72.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$740,430	23.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$134,592,151
Total Liabilities	$150,611
Net Assets	$134,441,540

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Revenue

$3,122,094

Expenses

$2,717,713

Net Income

$404,381

Net Assets

$120,665,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,834,036	90.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$288,058	9.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$725,269	26.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$120,848,392
Total Liabilities	$182,647
Net Assets	$120,665,745

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$14,940,937

Expenses

$5,081,245

Net Income

$9,859,692

Net Assets

$126,688,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$10,000,000	66.9%
Program Services	$0
Investment Income	$1,992,593	13.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,948,344	19.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$710,319	14.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$127,531,225
Total Liabilities	$843,166
Net Assets	$126,688,059

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$4,559,867

Expenses

$6,650,420

Net Income

-$2,090,553

Net Assets

$102,764,967

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,654,044	58.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,905,823	41.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$701,117	10.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$103,602,329
Total Liabilities	$837,362
Net Assets	$102,764,967

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$5,496,777

Expenses

$4,818,883

Net Income

$677,894

Net Assets

$116,903,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,528,922	46.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,967,855	54.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$653,772	13.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$117,669,582
Total Liabilities	$765,710
Net Assets	$116,903,872

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$8,640,133

Expenses

$4,686,966

Net Income

$3,953,167

Net Assets

$124,309,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,707,774	31.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,932,359	68.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$632,961	13.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$125,096,605
Total Liabilities	$786,736
Net Assets	$124,309,869

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$7,237,335

Expenses

$6,613,331

Net Income

$624,004

Net Assets

$115,886,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,149,455	29.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,087,880	70.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$620,482	9.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$116,632,662
Total Liabilities	$746,122
Net Assets	$115,886,540

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$4,592,597

Expenses

$8,190,685

Net Income

-$3,598,088

Net Assets

$93,425,272

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,634,798	57.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,957,799	42.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$643,025	7.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$94,409,514
Total Liabilities	$984,242
Net Assets	$93,425,272

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,034,408

Expenses

$8,081,420

Net Income

-$4,047,012

Net Assets

$85,096,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,691,199	66.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,343,209	33.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$621,600	7.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$85,886,869
Total Liabilities	$790,158
Net Assets	$85,096,711

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Foundation For Research

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $8.08M (2023)

Expenses $3.96M (2023)

Total Assets $153M (2023)

Total Liabilities $126k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$8.08M (2023)

Expenses

$3.96M (2023)

Total Assets

$153M (2023)

Total Liabilities

$126k (2023)

Fiscal Year Ending Dec.
2023

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2022

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2021

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2015

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2014

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2013

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2012

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2011

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