| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT AND TAX SERVICES | 107,540 | 32,470 | 75,070 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART I, LINE 16C | OTHER PROFESSIONAL FEESTHE FILING ORGANIZATION UTILIZES THE SERVICES OF SOME EMPLOYEES OF ITS RELATED ENTITY, NOBLE RESEARCH INSTITUTE ("INSTITUTE"). THE SERVICES PROVIDED BY THESE EMPLOYEES ARE PROVIDED UNDER THE SHARED SERVICES AGREEMENT BETWEEN THE FILING ORGANIZATION AND THE INSTITUTE. THE EMPLOYEES PROVIDING THESE SERVICES ARE THE COMMON-LAW EMPLOYEES OF THE INSTITUTE AND ARE UNDER THE INSTITUTE'S DIRECTION AND CONTROL. THE COST OF THESE SERVICES PROVIDED UNDER THE SHARED SERVICES AGREEMENT ARE INCLUDED ON PART I, LINE 16C ADMINISTRATIVE EXPENSES. | |
| PART VIII-B, LINE 1 | SUMMARY OF PROGRAM-RELATED INVESTMENTSDURING THE TAX YEARS 2020-2023, THE SAMUEL ROBERTS NOBLE FOUNDATION (FOUNDATION) INVESTED $875,000 IN THE OKLAHOMA LIFE SCIENCE FUND III, LLC (OLSF III), ALTHOUGH NO FURTHER INVESTMENTS WERE MADE IN CALENDAR YEAR 2024.NAME/ADDRESS OF INVESTMENT:OKLAHOMA LIFE SCIENCES FUND III, LLC 2620 S. ZUNIS AVENUE TULSA, OK 74114 THE INVESTMENT'S PRIMARY PURPOSE IS TO ADVANCE THE RESEARCH AND DEVELOPMENT OF TECHNOLOGY IN THE LIFE SCIENCES. THE FOUNDATION CONSIDERS SUCH INVESTMENTS CRITICAL TO ADVANCING DEVELOPMENTS IN THE LIFE-SCIENCES FIELD, SO AS TO ADVANCE AGRICULTURAL AND MEDICAL RESEARCH IN OKLAHOMA, CONSISTENT WITH ITS EXEMPT PURPOSE. OSLF III EXPENDED THE AMOUNTS AS IT RECEIVED THEM FROM THE FOUNDATION TO ADVANCE RESEARCH IN LIFE SCIENCES AS DISCUSSED ABOVE. TO THE KNOWLEDGE OF THE FOUNDATION, OLSF III HAS NOT DIVERTED ANY PORTION OF THE FUNDS FROM THEIR INTENDED PURPOSE. OLSF III IS CURRENTLY RAISING FUNDS AND IS NOT YET FULLY INVESTED. THE FOUNDATION HAS A $1,000,000 COMMITMENT TO THE FUND, $875,000 OF WHICH HAS BEEN CALLED AS OF DECEMBER 31, 2024. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| CORPORATE BONDS | 27,050,895 | 27,050,895 |
| MORTGAGE-BACKED SECURITIES | 8,843,854 | 8,843,854 |
| ASSET-BACKED SECURITIES | 5,115,904 | 5,115,904 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| PUBLICLY TRADED SECURITIES | 274,580,747 | 274,580,747 |
| MUTUAL FUNDS | 200,846,680 | 200,846,680 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| PRODUCING & NON-PRODUCING MINERAL INTEREST BASIS | 54,160 | 44,936 | 9,224 | 10,451,100 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| LIMITED PARTNERSHIPS | FMV | 426,266,444 | 426,266,444 |
| OFFSHORE ALTERNATIVE INVESTMENTS | FMV | 43,939,871 | 43,939,871 |
| REAL ESTATE INVESTMENT TRUST | FMV | 13,178,221 | 13,178,221 |
| ONSHORE ALTERNATIVE INVESTMENT | FMV | 4,822,514 | 4,822,514 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MATTERS | 52,833 | 47,592 | 5,241 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| ACCRUED INT/DIV RECEIVABLE | 973,171 | 1,110,082 | 1,110,082 |
| PROGRAM RELATED INVESTMENTS | 1,263,557 | 1,263,557 | 1,263,557 |
| Description | Amount |
|---|---|
| UNREALIZED LOSS ON INVESTMENT | 22,003,031 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| D&O INSURANCE | 131,325 | 0 | 0 | |
| SOFTWARE SUBSCRIPTION | 40,009 | 0 | 39,771 | |
| EVENT SPONSORSHIPS | 13,000 | 0 | 13,000 | |
| MEMBERSHIPS DUES | 7,370 | 0 | 7,370 | |
| OFFICE EXP. & BANK FEES | 654 | 449 | 205 | |
| SUPPLIES | 465 | 0 | 426 | |
| OTHER K-1 EXPENSES | 0 | 3,962,596 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| LIMITED PARTNERSHIP INCOME | 3,090,060 | 2,625,900 | 0 |
| ROYALTIES | 2,498,467 | 2,607,551 | 0 |
| CLASS ACTION SETTLEMENTS | 20,273 | 20,273 | 0 |
| Description | Amount |
|---|---|
| DEFERRED EXCISE TAX BENEFIT | 305,000 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DEFERRED TAXES | 3,980,000 | 3,675,000 |
| DUE TO NRI | 0 | 542,101 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGER FEES | 4,245,813 | 4,242,044 | 0 | |
| RELATED SALARIES & OVERHEAD | 620,166 | 97,596 | 375,727 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 990PF CURRENT EXCISE TAX | 1,571,879 | 0 | 0 | |
| STATE UBIT TAX | 61,695 | 0 | 0 | |
| UBI TAX | 9,504 | 0 | 0 | |
| PROPERTY TAXES | 1,684 | 0 | 0 | |
| FOREIGN TAXES | 0 | 440,813 | 0 |
| Name | US / Foreign Address |
EIN | Description | Amount |
|---|---|---|---|---|
| NOBLE RESEARCH INSTITUTE LLC |
2510 SAM NOBLE PARKWAY ARDMORE,OK73401 |
73-0606209 | THERE WERE NO TRANSFERS FROM THE CONTROLLED ENTITY IN 2024. | 36,526,675 |
| Total | 0 | |||
| Name | US / Foreign Address |
EIN | Description | Amount |
|---|---|---|---|---|
| NOBLE RESEARCH INSTITUTE LLC |
2510 SAM NOBLE PARKWAY ARDMORE,OK73401 |
73-0606209 | FOUNDATION MADE GRANTS OF $36,526,675 & REIMBURSED EXP OF $903,999PURSUANT TO SHARED SERVICE AGMT. | 36,526,675 |
| Total | 36,526,675 | |||