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Nonprofiteer
← ROCKEFELLER PHILANTHROPY ADVISORS INC

Form 990 for tax year 2023

Filed by ROCKEFELLER PHILANTHROPY ADVISORS INC.

Totals

Total revenue
$644,895,042
Total expenses
$684,544,317
Contributions and grants received
$610,432,171
Grants paid
$410,541,087
Program service revenue
$11,346,252
Investment income
$21,028,362
Other revenue
$2,088,257
Total assets, end of year
$911,780,389
Total liabilities, end of year
$191,423,319
Net assets or fund balances, end of year
$720,357,070
Program services expenses (Part IX)
$662,177,127
Management and general expenses
$19,401,852
Fundraising expenses
$2,965,338
Program service expenses (Part III)
$662,177,127

Program services were 96.7% 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)

    $27,306,551

  • 1f · All other contributions, gifts and grants

    $583,125,620

  • 1g · Noncash contributions included above

    $27,636,818

  • 2a · Program service revenue: ADVISORY FEES

    total $5,965,130 · related or exempt $5,965,130

  • 2b · Program service revenue: EDUCATIONAL & OTHER CONTRACT INC.

    total $4,336,295 · related or exempt $4,336,295

  • 2c · Program service revenue: ASSESSMENT FEES

    total $968,177 · related or exempt $968,177

  • 2d · Program service revenue: CONTRACTUAL INCOME

    total $76,650 · related or exempt $76,650

  • 3 · Investment income

    total $19,610,588 · excluded $19,610,588

  • 6a · Gross rents

    real property $15,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $15,500

  • 6d · Net rental income or loss

    total $15,500 · excluded $15,500

  • 7a · Gross sales of assets other than inventory

    securities $213,299,651

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

    securities $211,881,877

  • 7c · Gain or loss

    securities $1,417,774

  • 7d · Net gain or loss

    total $1,417,774 · excluded $1,417,774

  • 11a · Other revenue: INSURANCE SETTLEMENT

    total $1,990,000 · excluded $1,990,000

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $82,757 · excluded $82,757

  • 11e · Other revenue, total

    $2,072,757

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $289,896,412 · program services $289,896,412

  • 2 · Grants to domestic individuals

    total $11,375,290 · program services $11,375,290

  • 3 · Grants to foreign organizations and individuals

    total $109,269,385 · program services $109,269,385

  • 5 · Compensation of officers, directors and key employees

    total $3,613,236 · program services $262,472 · management and general $3,096,655 · fundraising $254,109

  • 7 · Other salaries and wages

    total $86,064,410 · program services $80,070,165 · management and general $5,643,976 · fundraising $350,269

  • 8 · Pension plan contributions

    total $7,134,004 · program services $6,358,963 · management and general $723,881 · fundraising $51,160

  • 9 · Other employee benefits

    total $13,762,045 · program services $12,315,514 · management and general $1,352,978 · fundraising $93,553

  • 10 · Payroll taxes

    total $8,226,739 · program services $7,566,295 · management and general $617,731 · fundraising $42,713

  • 11b · Fees: legal

    total $1,165,777 · program services $966,613 · management and general $199,164

  • 11c · Fees: accounting

    total $322,435 · program services $134,745 · management and general $187,690

  • 11d · Fees: lobbying

    total $315,184 · program services $315,184

  • 11e · Fees: professional fundraising services

    total $2,059,878 · fundraising $2,059,878

  • 11f · Fees: investment management

    total $509,663 · management and general $509,663

  • 11g · Fees: other

    total $2,847,864 · management and general $2,847,864

  • 12 · Advertising and promotion

    total $4,426,827 · program services $4,416,136 · management and general $10,691

  • 13 · Office expenses

    total $2,867,048 · program services $2,598,495 · management and general $268,553

  • 14 · Information technology

    total $8,408,537 · program services $7,153,647 · management and general $1,173,731 · fundraising $81,159

  • 16 · Occupancy

    total $2,965,947 · program services $2,560,808 · management and general $378,937 · fundraising $26,202

  • 17 · Travel

    total $13,045,382 · program services $12,810,349 · management and general $235,033

  • 19 · Conferences, conventions and meetings

    total $5,439,318 · program services $5,224,164 · management and general $215,154

  • 20 · Interest

    total $195 · program services $195

  • 22 · Depreciation, depletion and amortization

    total $261,123 · program services $163,788 · management and general $91,040 · fundraising $6,295

  • 23 · Insurance

    total $349,277 · program services $19,677 · management and general $329,600

  • 24a · Other expenses: PROGRAM RELATED FEES

    total $101,104,759 · program services $101,104,759

  • 24b · Other expenses: TEMP HELP/EMPLOYMENT AG

    total $2,576,878 · program services $1,412,061 · management and general $1,164,817

  • 24c · Other expenses: GRANTS ASSESSMENT

    total $968,177 · program services $968,177

  • 24d · Other expenses: MEMBERSHIP DUES

    total $499,446 · program services $311,739 · management and general $187,707

  • 24e · All other expenses

    total $5,069,081 · program services $4,902,094 · management and general $166,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,758,015 · end of year $81,969,411

  • 2 · Savings and temporary cash investments

    beginning of year $295,954,620 · end of year $292,838,760

  • 3 · Pledges and grants receivable

    beginning of year $296,762,787 · end of year $314,314,705

  • 4 · Accounts receivable

    beginning of year $3,827,134 · end of year $3,350,856

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,060,177 · end of year $6,992,152

  • 10a · Land, buildings and equipment: cost or other basis

    $3,010,752

  • 10b · Land, buildings and equipment: accumulated depreciation

    $560,497

  • 10c · Land, buildings and equipment, net

    beginning of year $292,110 · end of year $2,450,255

  • 11 · Investments: publicly traded securities

    beginning of year $82,621,274 · end of year $158,716,707

  • 12 · Investments: other securities

    beginning of year $3,393,107 · end of year $34,876,871

  • 13 · Investments: program-related

    beginning of year $1,223,732 · end of year $367,742

  • 15 · Other assets

    beginning of year $12,647,827 · end of year $15,902,930

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,781,092 · end of year $19,946,464

  • 18 · Grants payable

    beginning of year $98,019,835 · end of year $137,217,833

  • 19 · Deferred revenue

    beginning of year $14,730,669 · end of year $25,840,456

  • 25 · Other liabilities

    beginning of year $3,342,071 · end of year $8,418,566

  • 27 · Net assets without donor restrictions

    beginning of year $56,594,929 · end of year $84,248,091

  • 28 · Net assets with donor restrictions

    beginning of year $691,072,187 · end of year $636,108,979

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

RPA ASSISTS INDIVIDUALS, TRUSTS, FOUNDATIONS, & CORPORATIONS IN ACHIEVING THEIR PHILANTHROPIC GOALS.

  • SPONSORED PROJECTS - RPA'S SPONSORED PROJECT PROGRAM ENABLES INDIVIDUALS AND GROUPS TO PURSUE A VARIETY OF SPECIALIZED CHARITABLE GRANT-MAKING PROJECTS AND ACTIVITIES CONSISTENT WITH THE GENERAL MISSION OF RPA. RPA PROVIDES ADMINISTRATIVE AND PROGRAMMATIC SUPPORT TO ENABLE FUNDERS TO DEVELOP, LAUNCH AND PROMOTE HIGH-IMPACT PROJECTS AROUND THE GLOBE. FISCAL SPONSORSHIP SUBSTANTIALLY REDUCES THE COSTS TYPICALLY ASSOCIATED WITH DEVELOPING NONPROFIT GOVERNANCE, MANAGEMENT AND OPERATIONAL INFRASTRUCTURE. RPA HAS EXTENSIVE EXPERIENCE INCUBATING START-UP, INNOVATIVE AND COMPLEX PROJECTS IN THE U.S. AND OVERSEAS. (SEE SCHEDULE O)RPA CAN:1. PROVIDE STRONG ACCOUNTING, HR, FINANCE & IT INFRASTRUCTURE. 2. DEVELOP AND MONITOR SOPHISTICATED PROJECT BUDGET AND GRANT REPORTING.3. OFFER RESEARCH, ANALYSIS, GRANTMAKING AND EVALUATION SERVICES.4. ADOPT PROJECT GOVERNANCE STRUCTURES THAT ENGAGE EXTERNAL ADVISORS, FUNDERS AND OTHER PRINCIPALS.

    Expenses $626,970,340 · Grants $391,516,367 · Revenue $4,253,538

  • CHARITABLE FUNDS - RPA SERVES AS A GRANT-MAKING VEHICLE THAT ENABLES A DONOR TO MAKE RECOMMENDATIONS WITH RESPECT TO HIS OR HER PHILANTHROPIC OBJECTIVES. RPA'S CHARITABLE GIVING FUND IS A FLEXIBLE, COST-EFFECTIVE WAY FOR ITS DONORS TO ACHIEVE THEIR CHARITABLE AIMS. IT IS AN OPTIMAL ALTERNATIVE FOR INDIVIDUALS, COUPLES OR FAMILIES SEEKING EXPERT PHILANTHROPIC ADVICE WITHOUT THE EXPENSE AND COMPLEXITY OF FORMING A PRIVATE FOUNDATION.

    Expenses $20,164,930 · Grants $18,650,996 · Revenue $159,407

  • GENERAL FUND/RPA CONSULTING - TO FACILITATE PHILANTHROPY AND TO SUPPORT THE GROWTH OF A VITAL, CREATIVE, NOT-FOR-PROFIT SECTOR. RPA HAS THE SKILL AND EXPERTISE TO ENGAGE CLIENTS AT ALL STAGES OF THE PHILANTHROPIC LIFE CYCLE, FROM CONCEPT AND START-UP TO ONGOING OPERATIONS AND SUCCESSION PLANNING. AS PART OF OUR MISSION OF THOUGHTFUL AND EFFECTIVE PHILANTHROPY, WE SHARE RESEARCH, BEST PRACTICES AND NEW-THINKING THAT ELEVATE THE FIELD OF PHILANTHROPY AND SUPPORT THE SECTOR.

    Expenses $15,041,857 · Grants $373,725 · Revenue $6,933,307

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melissa A Berman

    PRESIDENT AND CEO

    Total calculated
    $1,007,908
    From this org
    $923,654
    From related orgs
    $0
    Other
    $84,254
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $628,154
    Bonus
    $295,500
    Other
    $0
    Deferred
    $58,685
    Nontaxable benefits
    $25,569
    Filer's total
    $1,007,908

  • Ana Marie Argilagos

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mac Broderick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kyungsun Chung

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rien Van Gendt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cathy Halstead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Quattrone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Luther M Ragin Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Valerie Rockefeller

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Theo Spencer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Strawbridge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Teacher

    BOARD MEMBER (THRU 12/09/23)

    Total calculated
    $0
    Hours/week
    1

  • Crystal Hayling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melvin J Galloway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Gill Case

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alta Buden

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mosun Layode

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vinit Rishi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicholas Hodges

    SENIOR VICE PRESIDENT/COO

    Total calculated
    $564,355
    From this org
    $495,395
    From related orgs
    $0
    Other
    $68,960
    Hours/week
    35 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $419,034
    Bonus
    $76,361
    Other
    $0
    Deferred
    $42,982
    Nontaxable benefits
    $25,978
    Filer's total
    $564,355

  • Walter Sweet

    SENIOR VICE PRESIDENT

    Total calculated
    $557,421
    From this org
    $493,009
    From related orgs
    $0
    Other
    $64,412
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $417,010
    Bonus
    $75,999
    Other
    $0
    Deferred
    $42,410
    Nontaxable benefits
    $22,002
    Filer's total
    $557,421

  • Gregory Ratliff

    SENIOR VICE PRESIDENT

    Total calculated
    $515,041
    From this org
    $462,959
    From related orgs
    $0
    Other
    $52,082
    Hours/week
    35 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $379,093
    Bonus
    $83,866
    Other
    $0
    Deferred
    $39,182
    Nontaxable benefits
    $12,900
    Filer's total
    $515,041

  • Yogita Ram Naik Thru 1023

    CHRO & SVP, PEOPLE & CULTURE

    Total calculated
    $718,584
    From this org
    $415,372
    From related orgs
    $0
    Other
    $303,212
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $327,352
    Bonus
    $88,020
    Other
    $0
    Deferred
    $289,564
    Nontaxable benefits
    $13,648
    Filer's total
    $718,584

  • Renee Karibi-Whyte

    SVP & CORPORATE SECRETARY

    Total calculated
    $423,157
    From this org
    $361,367
    From related orgs
    $0
    Other
    $61,790
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $306,153
    Bonus
    $55,214
    Other
    $0
    Deferred
    $32,892
    Nontaxable benefits
    $28,898
    Filer's total
    $423,157

  • Elizabeth Alice Roth - Chro

    SVP, PEOPLE & CUTLURE (AS OF 10/23)

    Total calculated
    $214,072
    From this org
    $178,385
    From related orgs
    $0
    Other
    $35,687
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $127,885
    Bonus
    $50,500
    Other
    $0
    Deferred
    $12,516
    Nontaxable benefits
    $23,171
    Filer's total
    $214,072

  • Ingrid Cristina Rasmussen

    SVP, CFO (AS OF 01/23)

    Total calculated
    $333,081
    From this org
    $283,096
    From related orgs
    $0
    Other
    $49,985
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $271,596
    Bonus
    $11,500
    Other
    $0
    Deferred
    $21,583
    Nontaxable benefits
    $28,402
    Filer's total
    $333,081

  • Jennifer Kitt Thru 0623

    PRESIDENT, SPONSORED PROJECT

    Total calculated
    $358,054
    From this org
    $319,092
    From related orgs
    $0
    Other
    $38,962
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $319,092
    Bonus
    $0
    Other
    $0
    Deferred
    $29,074
    Nontaxable benefits
    $9,888
    Filer's total
    $358,054

  • Margaret Hempel

    EXEC. DIRECTOR, SPONS. PROJECT

    Total calculated
    $430,329
    From this org
    $393,393
    From related orgs
    $0
    Other
    $36,936
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $393,393
    Bonus
    $0
    Other
    $0
    Deferred
    $35,913
    Nontaxable benefits
    $1,023
    Filer's total
    $430,329

  • Pascale De La Fregonniere Poittevin

    VP OF SPONSORED PROJECT

    Total calculated
    $425,020
    From this org
    $377,650
    From related orgs
    $0
    Other
    $47,370
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $298,850
    Bonus
    $78,800
    Other
    $0
    Deferred
    $34,629
    Nontaxable benefits
    $12,741
    Filer's total
    $425,020

  • France Cordova

    EXE. DIRECTOR, SPONS. PROJECT

    Total calculated
    $598,110
    From this org
    $529,445
    From related orgs
    $0
    Other
    $68,665
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $527,180
    Bonus
    $2,265
    Other
    $0
    Deferred
    $41,396
    Nontaxable benefits
    $27,269
    Filer's total
    $598,110

  • Mark Chambers Thru 1123

    EXEC. DIRECTOR, SPONSORED PROJECT

    Total calculated
    $394,711
    From this org
    $351,154
    From related orgs
    $0
    Other
    $43,557
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $276,154
    Bonus
    $0
    Other
    $75,000
    Deferred
    $33,840
    Nontaxable benefits
    $9,717
    Filer's total
    $394,711

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
FORMER DIRECTOR, SPONSORED PROJECTS, MARK CHAMBERS, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $75,000 IN CALENDAR YEAR 2023. THIS AMOUNT HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). CHRO & SVP, PEOPLE & CULTURE, YOGITA RAM NAIK, RECEIVED A SEVERANCE PAYMENT OF $254,713 THAT WAS PAID OUT IN CALENDAR YEAR 2024. THIS AMOUNT IS CURRENTLY REPORTED AS DEFERRED COMPENSATION IN SCHEDULE J, PART II, COLUMN (C) AND WILL ALSO BE REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III) ON THE NEXT YEAR'S 990.
PART I, LINE 7
RPA HAS A PERFORMANCE BASED INCENTIVE COMPENSATION PLAN. EMPLOYEES OF RPA CAN EARN INCENTIVE COMPENSATION IF THEY MEET THE CRITERIA OUTLINED IN THEIR WORK PLANS. THESE WORK PLANS ARE REVIEWED AND APPROVED BY EACH EMPLOYEE'S RESPECTIVE SUPERIORS AND RPA'S CEO. THE CEO IS ELIGIBLE TO PARTICIPATE IN THE INCENTIVE COMPENSATION PLAN AS WELL; HOWEVER, MS. BERMAN'S WORK PLAN IS REVIEWED BY THE BOARD OF DIRECTORS AND HER INCENTIVE COMPENSATION PAYMENTS ARE REVIEWED AND APPROVED BY THE BOARD (AND SHE RECUSES HERSELF FROM THOSE DELIBERATIONS).

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • ROCKEFELLER PHILANTHROPY ADVISORS EUROPE

    C · CONSULTING · UK · 100% owned · controlled entity

    Directly controlled by RPA

Provenance

Return type
form_990
Tax year
2023
Filed
10 November 2024
IRS schema version
2023v5.1
Source object
202433159349300308

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