TY 2022 GeneralExplanationAttachment
Name:
CHARLES STEWART MOTT FOUNDATION
EIN:
38-1211227
Software ID:
22016089
Software Version:
2022v5.0
Identifier Return Reference Explanation
COMPENSATION Form 990-PF, Part VII, Line 1 COLUMN (C) COMPENSATION FOR THE CIO AND INVESTMENT MANAGERS INCLUDES BOTH PREVIOUSLY REPORTED INCENTIVE AWARDS EARNED AND ACCRUED IN PRIOR YEARS AND PAID OUT IN THE 2022 TAXABLE YEAR, AS WELL AS INCENTIVE AWARDS EARNED, ACCRUED AND PAID OUT IN THE 2022 TAXABLE YEAR. COLUMN (D) CONTRIBUTIONS TO EMPLOYEE BENEFIT PLANS INCLUDE INCENTIVE AWARDS EARNED AND ACCRUED IN THE 2022 TAXABLE YEAR THAT WILL NOT BE PAID OUT UNTIL FUTURE YEARS.
EMPLOYEE BENEFIT PLANS Form 990-PF, Part VII, Line 1 EMPLOYEE BENEFIT PLANS INCLUDE QUALIFIED PENSION, 401(K) EMPLOYER MATCH, SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP), HEALTH, LIFE AND DISABILITY INSURANCE. THE SERP WAS ESTABLISHED IN 1995 TO RESTORE PENSION BENEFITS LOST DUE TO STATUTORY LIMITATIONS IMPOSED BY THE 1993 OMNIBUS BUDGET RECONCILIATION ACT.
HOURS WORKED Form 990-PF, Part VII, Line 1 FULL TIME EMPLOYEES GENERALLY WORK A MINIMUM OF 35 HOURS PER WEEK. TRUSTEES ATTEND QUARTERLY MEETINGS AND SPEND ADDITIONAL TIME AT SITE VISITS AND OTHER ACTIVITIES RELATED TO THE FOUNDATION.