Silver Valley Research Foundation: Nonprofit Profile, Financials & Form 990 (EIN 85-4350357)

Revenue by fiscal year
FY2021	$12.1M
FY2022	$10.5M
FY2023	$10.0M
FY2024	−$307K

Expenses by fiscal year
FY2021	$10.4M
FY2022	$10.1M
FY2023	$10.0M
FY2024	$0

Net assets by fiscal year
FY2021	$1.7M
FY2022	$2.1M
FY2023	$2.1M
FY2024	$1.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

James Lintott

Pres/Treas/Director

$0Pt VII · Sec A

Paul Beckner

Secretary/Director

$0Pt VII · Sec A

See Silver Valley Research Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds medical research and education, and provides grants to other nonprofits.

Provided by the organization

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1 program · in their own filed words · FY2024

01

Provide grants to other nonprofits organizations as determined by its board of directors.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2023

Claws FoundationFY2023$10.0M

Total grants receivedfrom 1 funder$10.0M

Grants paid · 5 grants · $30.5M · 2021–2023

Fidelity Investments Charitable Gift FundMA · FY2023$10,000,000

Fidelity Investments Charitable Gift FundMA · FY2022$10,100,000

Central Fund of IsraelNY · FY2021$10,000,000

Balaker Media FoundationCA · FY2021$200,000

Jewish Student Enrichment Center INCPA · FY2021$200,000

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$307K

Ln 12

Gifts and grantsLn 1h$305K

Investment incomeLn 3$6K

Money outPt IX

$0

Ln 25

Owns and owesPt X

$1.8M

net assets · Ln 32

Cash and savingsLn 1–2$3K

Total assetsLn 16$1.8M

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$305K

Investment incomeLn 3$6K

Gains on assetsLn 7−$618K

Total revenueLn 12−$307K

Assets in detailPt X, end of year

CashLn 1$3K

Cash and savings togetherLn 1–2$3K

InvestmentsLn 11–13$1.4M

Other assetsLn 15$400K

Total assetsLn 16$1.8M

LiabilitiesLn 26$0

Net assetsLn 32$1.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 62

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$11K	$3K
InvestmentsLn 11–13	$1.2M	$1.4M
Total assetsLn 16	$2.1M	$1.8M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$2.1M	$1.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Total functional expensesLn 25	$0	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	−$307K	$0	−$307K	$1.8M	990 PDF
FY2023	$10.0M	$10.0M	−$1K	$2.1M	990 PDF
FY2022	$10.5M	$10.1M	$399K	$2.1M	990 PDF
FY2021	$12.1M	$10.4M	$1.7M	$1.7M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2024 990 (6 parts)

Part I · Summary −$306,711 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $10,125,000$305,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year −$125,132−$611,711

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $9,999,868−$306,711

I-13 Grants and similar amounts paidPrior year $10,000,000$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,072$0

I-18 Total expensesPrior year $10,001,072$0

I-19 Revenue less expensesPrior year −$1,204−$306,711

Part VI · Governance 2 of 2 board members independent, 1 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue −$306,711 across 5 lines filed

VIII-1f All other contributions, gifts and grants$305,000

VIII-1h Total contributions, gifts and grants$305,000

VIII-3 Investment incomeExcluded from tax $6,089$6,089

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$617,800−$617,800

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$611,711−$306,711

Part IX · Statement of functional expenses $0 across 0 lines filed

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0

Part X · Balance sheet $1,789,821 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $10,832$3,031

X-12 Other securitiesStart of year $1,230,700$1,386,790

X-15 Other assetsStart of year $855,000$400,000

X-16 Total assetsStart of year $2,096,532$1,789,821

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $2,096,532$1,789,821

X-33 Total liabilities and net assetsStart of year $2,096,532$1,789,821

Part XI · Reconciliation of net assets $1,789,821 net assets at year end

XI-1 Total revenue−$306,711

XI-2 Total expenses$0

XI-3 Revenue less expenses−$306,711

XI-4 Net assets at start of year$2,096,532

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,789,821

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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