Skip to content
Nonprofiteer
← SHRM FOUNDATION INC

Form 990 for tax year 2023

Filed by SHRM FOUNDATION INC.

Totals

Total revenue
$5,880,697
Total expenses
$8,637,728
Contributions and grants received
$5,316,846
Grants paid
$975,339
Program service revenue
$0
Investment income
$516,402
Other revenue
$47,449
Total assets, end of year
$28,826,627
Total liabilities, end of year
$2,673,275
Net assets or fund balances, end of year
$26,153,352
Program services expenses (Part IX)
$6,848,360
Management and general expenses
$1,211,694
Fundraising expenses
$577,674
Program service expenses (Part III)
$6,848,360

Program services were 79.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,323,505

  • 1f · All other contributions, gifts and grants

    $3,993,341

  • 3 · Investment income

    total $775,199 · excluded $775,199

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $5,422,205

  • 7b · Less cost or other basis and sales expenses

    securities $5,681,002

  • 7c · Gain or loss

    securities -$258,797

  • 7d · Net gain or loss

    total -$258,797 · excluded -$258,797

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $47,449 · excluded $47,449

  • 11e · Other revenue, total

    $47,449

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 2 · Grants to domestic individuals

    total $915,339 · program services $915,339

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $428,486 · program services $407,030 · management and general $6,456 · fundraising $15,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,139,849 · program services $1,082,771 · management and general $17,174 · fundraising $39,904

  • 8 · Pension plan contributions

    total $77,905 · program services $74,004 · management and general $1,174 · fundraising $2,727

  • 9 · Other employee benefits

    total $14,922 · program services $14,175 · management and general $225 · fundraising $522

  • 10 · Payroll taxes

    total $103,919 · program services $98,715 · management and general $1,566 · fundraising $3,638

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $3,637 · management and general $3,637

  • 11c · Fees: accounting

    total $4,600 · management and general $4,600

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $110,443 · management and general $110,443

  • 11g · Fees: other

    total $3,213,498 · program services $2,370,425 · management and general $843,073 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $61,441 · program services $57,429 · management and general $1,774 · fundraising $2,238

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $335,924 · program services $130,146 · management and general $160,020 · fundraising $45,758

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,342,261 · program services $853,162 · management and general $44,025 · fundraising $445,074

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MISCELLANEOUS

    total $425,508 · program services $405,198 · management and general $11,500 · fundraising $8,810

  • 24b · Other expenses: ADMINSTRATIVE FEE

    total $399,996 · program services $379,966 · management and general $6,027 · fundraising $14,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,708,779 · end of year $281,105

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,086,913 · end of year $1,550,343

  • 4 · Accounts receivable

    beginning of year $783,098 · end of year $721,837

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $56,809

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $21,867,195 · end of year $26,167,710

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $38,324 · end of year $48,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $402,812 · end of year $521,198

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $817,756 · end of year $2,152,077

  • 27 · Net assets without donor restrictions

    beginning of year $19,549,298 · end of year $26,153,352

  • 28 · Net assets with donor restrictions

    beginning of year $6,714,443 · end of year $0

Mission and programs · 2023

Mission

MOBILIZE AND EQUIP HR TO LEAD POSITIVE SOCIAL CHANGE SO THAT ALL TALENT AND WORKPLACES CAN PROSPER AND THRIVE.

  • THE FOUNDATION INSPIRES AND EMPOWERS HR TO LEAD SOCIAL CHANGE IN THE WORKPLACE: STRATEGIC INITIATIVES INCLUDE THE LAUNCH OF SKILLED CREDENTIALS, CREATION OF INCLUSIVE WORKPLACE CULTURES, RECOGNIZE AND CELEBRATE VISIONARY, INNOVATIVE BUSINESS PRACTICE, SAFE AND INCLUSIVE WORKPLACES, TALENT SHORTAGES AND OPPORTUNITIES FOR INCREASING INTEREST IN HR / HR PROFESSIONALS OF THE FUTURE, MOBILIZE HR PROFESSIONALS TO ACTIVATE EVIDENCE-BASED PROGRAMMATIC SOLUTIONS, AND ELEVATE HR BY PROMOTING HR AS THE VEHICLE TO EFFECT SOCIAL CHANGE.

    Expenses $5,702,432

  • THE FOUNDATION INSPIRES AND EMPOWERS THE NEXT GENERATION OF HR LEADERS: INSPIRE STUDENTS, YOUNG PROFESSIONALS, AND UNTAPPED TALENT POOLS TO PURSUE AND ADVANCE THEIR CAREERS IN HR, MOBILIZE FUTURE HR LEADERS TO LEARN AND GROW WITH ACTIVE SUPPORT FROM PROFESSIONAL MEMBERS, SCHOLARSHIPS, AWARDS AND GRANTS TO FURTHER THEIR EDUCATION/PROFESSIONAL DEVELOPMENT, AND ELEVATE HR BY PROMOTING HR JOBS AND CAREERS AT THE EARLIEST OF STAGES.

    Expenses $1,145,928 · Grants $975,339

As filed on the 2023 return.

Listed in Part VII

  • JOHNNY C TAYLOR JR

    SHRM-SCP, DIR/SHRM PRES&CEO

    Total calculated
    $3,640,555
    From this org
    $0
    From related orgs
    $3,510,928
    Other
    $129,627
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,178,506 related
    Bonus
    $0 + $2,330,000 related
    Other
    $0 + $2,422 related
    Deferred
    $0 + $103,230 related
    Nontaxable benefits
    $0 + $26,397 related
    Filer's total
    $0 + $3,640,555 related

  • WENDI SAFSTROM

    PRESIDENT

    Total calculated
    $428,486
    From this org
    $335,561
    From related orgs
    $0
    Other
    $92,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,495
    Bonus
    $106,000
    Other
    $1,066
    Deferred
    $80,746
    Nontaxable benefits
    $12,179
    Filer's total
    $428,486

  • ELLEN CHRISTMAN

    DIR, ENGAGEMENT & PHILANTHROPY

    Total calculated
    $297,168
    From this org
    $229,327
    From related orgs
    $0
    Other
    $67,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,229
    Bonus
    $59,246
    Other
    $852
    Deferred
    $67,841
    Nontaxable benefits
    $0
    Filer's total
    $297,168

  • CLAYTON LORD

    DIR, FOUNDATION PROGRAMS

    Total calculated
    $188,072
    From this org
    $178,496
    From related orgs
    $0
    Other
    $9,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,500
    Bonus
    $29,600
    Other
    $396
    Deferred
    $9,576
    Nontaxable benefits
    $0
    Filer's total
    $188,072

  • ELIZABETH KOHM

    MGR, FOUNDATION PROGRAMS

    Total calculated
    $182,302
    From this org
    $117,280
    From related orgs
    $0
    Other
    $65,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,938
    Bonus
    $24,466
    Other
    $876
    Deferred
    $30,296
    Nontaxable benefits
    $34,726
    Filer's total
    $182,302

  • EDIE GOLDBERG PHD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TOM MATHEWS

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JANE MARVIN

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DAN PURUSHOTHAM PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAMILLE CHANG GILMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY LATHAM PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF NALLY SHRM-SCP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY PETERSON SHRM-SCP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG FLORES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUCIANA GOMEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUBHA V BARRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY LAYNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 2 · Substantiation required before reimbursing expenses
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SHCEDULE J, PART I, LINE 1 & LINE 2:
ALL EMPLOYEES RECEIVE A GROSS UP PAYMENT AS PART OF THE ORGANIZATION'S BIRTHDAY GIFT PROGRAM. PAYMENTS ARE INCLUDED IN TAXABLE WAGES.
SHCEDULE J, PART I, LINE 3:
COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS APPROVED BY SHRM'S CHIEF HUMAN RESOURCES OFFICER IN CONSULTATION WITH THE FOUNDATION BOARD CHAIR. THE FOLLOWING WAS USED TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND A COMPENSATION SURVEY OR STUDY. COMPENSATION AMOUNTS ARE COMMENSURATE WITH THE EXTERNAL MARKET AND DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE.
SCHEDULE J, PART I, LINE 6B & LINE 7:
ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE AN INCENTIVE COMPENSATION PAYMENT PAID FROM AN INCENTIVE COMPENSATION POOL DETERMINED BY SHRM, A RELATED ENTITY, MEETING KEY PERFORMANCE GOALS. THE GOALS ARE APPROVED BY THE SHRM BOARD OF DIRECTORS AND INCLUDE CERTIFICATION RATES, MEMBERSHIP COUNTS, BRAND REPUTATION MEASURES, AND FINANCIAL RESULTS. INDIVIDUAL PAYMENTS ARE BASED ON INDIVIDUAL PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SHRM CORPORATION

    C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SHRM

  • STRATEGIC HR MGM'T IND PVT LTD

    C CORP · SEE PART VII · IN · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SHRM

  • LINKAGE INC

    C CORP · ORG DEVELOPME · MA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SHRM CORP

  • SHRM ARABIA COMPANY FOR TRAINING

    ORG TRAINING · SA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SHRM

Provenance

Return type
form_990
Tax year
2023
Filed
23 August 2024
IRS schema version
2023v5.1
Source object
202422369349300242

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.