Skip to content
Nonprofiteer
← 2040 FOUNDATION INC

Form 990 for tax year 2022

Filed by 2040 FOUNDATION INC.

Totals

Total revenue
-$421,090
Total expenses
$17,286,494
Contributions and grants received
$0
Grants paid
$15,806,571
Program services expenses (Part IX)
$16,148,392
Management and general expenses
$1,138,102
Fundraising expenses
$0
Program service expenses (Part III)
$16,148,392

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Jay W Faison

    President

    Total calculated
    $0
    Hours/week
    5

  • Matthew Eby

    Board Member

    Total calculated
    $399,282
    From this org
    $0
    From related orgs
    $399,282
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $399,282 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $399,282 related

  • Bill Clements

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Rich Powell

    Board Member

    Total calculated
    $712,181
    From this org
    $0
    From related orgs
    $655,223
    Other
    $56,958
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $655,223 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $35,750 related
    Nontaxable benefits
    $0 + $21,208 related
    Filer's total
    $0 + $712,181 related

  • Dana Ring

    Board Member

    Total calculated
    $220,575
    From this org
    $0
    From related orgs
    $203,679
    Other
    $16,896
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $196,679 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $5,757 related
    Nontaxable benefits
    $0 + $11,139 related
    Filer's total
    $0 + $220,575 related

  • Mark T Bruinooge

    Chief Financial Officer

    Total calculated
    $0
    Hours/week
    2

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 — 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

  • 3 · Compensation survey or study

Answered no

  • 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
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349307518

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.