TY 2021 GeneralExplanationAttachment
Name:
THE KRESGE FOUNDATION
EIN:
38-1359217
Identifier Return Reference Explanation
OFFICER AND TRUSTEE COMPENSATION PART VII, LINE 1 COMPENSATION FOR ROBERT MANILLA INCLUDES $758,880 OF BASE COMPENSATION, $2,500 OF DISCRETIONARY BONUS, AND $476,590 OF INCENTIVE COMPENSATION PAID IN 2021 THAT WAS PREVIOUSLY REPORTED ON THE ORGANIZATION'S FORM 990PF AS DEFERRED COMPENSATION FOR EARLIER TAX YEARS UNDER THE KRESGE FOUNDATION INCENTIVE COMPENSATION PLAN (INCENTIVE PLAN). EMPLOYEE BENEFIT PLAN AND DEFERRED COMPENSATION FOR ROBERT MANILLA INCLUDES COMPENSATION DEFERRED TO SUBSEQUENT YEARS UNDER THE INCENTIVE PLAN ($597,131) AND CONTRIBUTIONS TO THE FOUNDATION'S 401(K) AND RELATED PLANS, MEDICAL EXPENSE REIMBURSEMENT, ALONG WITH MEDICAL, DENTAL, LONG-TERM DISABILITY AND LIFE INSURANCE PREMIUMS ($157,244) PAID BY THE FOUNDATION FOR THE RESPECTIVE EMPLOYEE.CONTRIBUTIONS TO THE FOUNDATION'S 401(K) AND RELATED PLANS. COLUMN (D) ALSO INCLUDES MEDICAL EXPENSE REIMBURSEMENT AS WELL AS MEDICAL, DENTAL, LONG-TERM DISABILITY AND LIFE INSURANCE PREMIUMS PAID BY THE FOUNDATION FOR THE RESPECTIVE EMPLOYEE.EXPENSE ACCOUNT AND OTHER ALLOWANCES INCLUDE TAXABLE EXCESS LIFE INSURANCE BENEFITS.TRUSTEE HOURS: ATTENDANCE AT FOUR BOARD OF TRUSTEE MEETINGS PER YEAR WHICH ARE HELD OVER A TWO-DAY PERIOD AND TYPICALLY REQUIRE APPROXIMATELY 8 HOURS OF ALLOCATED TIME. TRUSTEES ARE MEMBERS OF VARIOUS BOARD COMMITTEES WHICH AVERAGE 12 MEETINGS PER TRUSTEE PER YEAR AND ARE TYPICALLY 1-2 HOURS IN LENGTH. TRUSTEES ARE ALSO REQUIRED TO: 1) TRAVEL TO/FROM BOARD AND COMMITTEE MEETINGS; 2) PREPARE FOR BOARD AND COMMITTEE MEETINGS, WHICH INCLUDES THE REVIEW OF A SUBSTANTIAL AMOUNT OF MATERIALS IN ADVANCE OF THE MEETING; 3) REVIEW AND APPROVE GRANTS AND PROGRAM RELATED INVESTMENTS UNDER THE FOUNDATION'S DELEGATED AUTHORITY PROCESS; AND 4) ATTEND VARIOUS FUNCTIONS APPLICABLE TO THE FOUNDATION'S WORK. IN ADDITION, THE TRUSTEES REGULARLY ASSIST STAFF OF THE FOUNDATION VIA EMAIL OR TELEPHONE REGARDING MATTERS OF IMPORTANCE TO THE FOUNDATION.
COMPENSATION OF FIVE HIGHEST-PAID EMPLOYEES PART VII, LINE 2 JOHN BARKER BASE AND OTHER TAXABLE INCOME 436,433INCENTIVE PAID -REPORTED AS COMPENSATION IN EARLIER YEARS 203,123TOTAL (C) COMPENSATION 639,556CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS 71,065DEFERRED COMPENSATION EARNED IN THE CURRENT YEAR 290,053 TOTAL (D) COMPENSATION 361,118 JON GENTRY BASE AND OTHER TAXABLE INCOME 432,519INCENTIVE PAID -REPORTED AS COMPENSATION IN EARLIER YEARS 206,521 TOTAL (C) COMPENSATION 639,040 CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS 109,562DEFERRED COMPENSATION EARNED IN THE CURRENT YEAR 257,511 TOTAL (D) COMPENSATION 367,073 ELIZABETH GOLDSBERRY BASE AND OTHER TAXABLE INCOME 335,815INCENTIVE PAID -REPORTED AS COMPENSATION IN EARLIER YEARS 128,197TOTAL (C) COMPENSATION 464,012CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS 55,348DEFERRED COMPENSATION EARNED IN THE CURRENT YEAR 167,626 TOTAL (D) COMPENSATION 222,974 AARON SEYBERT BASE AND OTHER TAXABLE INCOME 358,325INCENTIVE PAID -REPORTED AS COMPENSATION IN EARLIER YEARS 0TOTAL (C) COMPENSATION 358,325CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS 72,932DEFERRED COMPENSATION EARNED IN THE CURRENT YEAR 0 TOTAL (D) COMPENSATION 72,932 VENUS PHILLIPS BASE AND OTHER TAXABLE INCOME 266,247INCENTIVE PAID -REPORTED AS COMPENSATION IN EARLIER YEARS 58,982TOTAL (C) COMPENSATION 325,229CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS 61,658DEFERRED COMPENSATION EARNED IN THE CURRENT YEAR 133,150 TOTAL (D) COMPENSATION 194,808
EXCESS DISTRIBUTION CARRYOVER PART XII, LINE 3 THE KRESGE FOUNDATION HAS ADJUSTED ITS EXCESS DISTRIBUTION CARRYOVER IN PART XII LINE 3 TO REFLECT PRIOR YEAR ADJUSTMENTS PURSUANT TO REVENUE RULING 77-252.