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Nonprofiteer
← PLOUGHSHARES FUND INC

Form 990 for tax year 2023

Filed by PLOUGHSHARES FUND INC.

Totals

Total revenue
$5,100,151
Total expenses
$9,724,669
Contributions and grants received
$2,554,502
Grants paid
$4,386,302
Program service revenue
$0
Investment income
$2,181,654
Other revenue
$363,995
Total assets, end of year
$27,342,062
Total liabilities, end of year
$3,332,101
Net assets or fund balances, end of year
$24,009,961
Program services expenses (Part IX)
$7,599,857
Management and general expenses
$899,013
Fundraising expenses
$1,225,799
Program service expenses (Part III)
$7,599,857

Program services were 78.2% 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.

  • 1c · Fundraising events

    $164,073

  • 1e · Government grants (contributions)

    $129,046

  • 1f · All other contributions, gifts and grants

    $2,261,383

  • 3 · Investment income

    total $184,788 · excluded $184,788

  • 7a · Gross sales of assets other than inventory

    securities $3,594,769

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

    securities $1,597,903

  • 7c · Gain or loss

    securities $1,996,866

  • 7d · Net gain or loss

    total $1,996,866 · excluded $1,996,866

  • 8a · Fundraising events: gross income

    $83,166

  • 8a · Fundraising events: contributions included on line 1c

    $164,073

  • 8b · Fundraising events: direct expenses

    $83,166

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: K-1'S FROM PARTNERSHIPS

    total $363,995 · unrelated business -$32,256 · excluded $396,251

  • 11e · Other revenue, total

    $363,995

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,891,302 · program services $3,891,302

  • 3 · Grants to foreign organizations and individuals

    total $495,000 · program services $495,000

  • 5 · Compensation of officers, directors and key employees

    total $883,849 · program services $553,538 · management and general $120,955 · fundraising $209,356

  • 7 · Other salaries and wages

    total $1,630,912 · program services $1,021,410 · management and general $223,191 · fundraising $386,311

  • 8 · Pension plan contributions

    total $112,881 · program services $70,695 · management and general $15,448 · fundraising $26,738

  • 9 · Other employee benefits

    total $201,307 · program services $126,075 · management and general $27,549 · fundraising $47,683

  • 10 · Payroll taxes

    total $158,325 · program services $99,156 · management and general $21,667 · fundraising $37,502

  • 11b · Fees: legal

    total $7,889 · program services $2,036 · management and general $5,294 · fundraising $559

  • 11c · Fees: accounting

    total $41,315 · management and general $41,315

  • 11e · Fees: professional fundraising services

    total $6,000 · fundraising $6,000

  • 11f · Fees: investment management

    total $155,990 · management and general $155,990

  • 11g · Fees: other

    total $931,295 · program services $781,506 · management and general $80,212 · fundraising $69,577

  • 12 · Advertising and promotion

    total $11,476 · program services $6,476 · fundraising $5,000

  • 13 · Office expenses

    total $151,157 · program services $48,145 · management and general $15,954 · fundraising $87,058

  • 14 · Information technology

    total $143,833 · program services $86,219 · management and general $11,949 · fundraising $45,665

  • 16 · Occupancy

    total $470,573 · program services $295,744 · management and general $62,946 · fundraising $111,883

  • 17 · Travel

    total $136,177 · program services $28,133 · management and general $69,854 · fundraising $38,190

  • 19 · Conferences, conventions and meetings

    total $198,929 · program services $34,757 · management and general $26,898 · fundraising $137,274

  • 23 · Insurance

    total $9,370 · program services $2,922 · management and general $5,342 · fundraising $1,106

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $38,544 · program services $37,142 · management and general $337 · fundraising $1,065

  • 24b · Other expenses: WORKERS' COMPENSATION

    total $22,755 · program services $14,251 · management and general $3,114 · fundraising $5,390

  • 24c · Other expenses: LICENSES AND PERMITS

    total $9,861 · program services $26 · management and general $9,835

  • 24d · Other expenses: STAFF RECRUITMENT, TRAI

    total $8,500 · program services $5,324 · management and general $1,163 · fundraising $2,013

  • 24e · All other expenses

    total $7,429 · fundraising $7,429

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,610,377 · end of year $273,995

  • 2 · Savings and temporary cash investments

    beginning of year $452,941 · end of year $55,771

  • 3 · Pledges and grants receivable

    beginning of year $2,166,982 · end of year $1,882,963

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,684 · end of year $33,354

  • 11 · Investments: publicly traded securities

    beginning of year $19,759,793 · end of year $22,524,283

  • 12 · Investments: other securities

    beginning of year $5,726,026 · end of year $1,747,176

  • 15 · Other assets

    beginning of year $1,222,548 · end of year $824,520

  • 17 · Accounts payable and accrued expenses

    beginning of year $191,554 · end of year $395,881

  • 18 · Grants payable

    beginning of year $1,995,000 · end of year $2,136,000

  • 25 · Other liabilities

    beginning of year $1,173,318 · end of year $800,220

  • 27 · Net assets without donor restrictions

    beginning of year $2,488,183 · end of year $2,219,962

  • 28 · Net assets with donor restrictions

    beginning of year $26,146,296 · end of year $21,789,999

Mission and programs · 2023

Mission

THE CORPORATION SHALL COMBINE POLICY EXPERTISE, PERMISSIBLE DIRECT ADVOCACY, MEDIA PROFILE AND STRATEGIC GRANTMAKING TO WORK TOWARD BUILDING A SAFE, SECURE, NUCLEAR WEAPON FREE WORLD.

Activities or mission (Part I)

OUR MISSION IS TO REDUCE AND EVENTUALLY ELIMINATE THE THREAT OF NUCLEAR WEAPONS.

  • PLOUGHSHARES DEVELOPED AND INVESTED IN INITIATIVES TO REDUCE AND ULTIMATELY ELIMINATE THE THREAT OF NUCLEAR WEAPONS THROUGH SUPPLYING CRITICAL FUNDING AND TRUSTED FIELD BUILDING SUPPORT FOR EFFECTIVE ADVOCATES AND ORGANIZATIONS. DURING THE YEAR, THE ORGANIZATION PROVIDED FUNDS AND SERVED A TOTAL OF 48 ORGANIZATIONS WITHIN AND OUTSIDE OF THE COUNTRY.

    Expenses $7,599,857 · Grants $4,386,302

As filed on the 2023 return.

Listed in Part VII

  • Alen Amini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amy McGrath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Rhodes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Foote

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Don Mordecai

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Michelman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emma Belcher

    PRESIDENT

    Total calculated
    $471,878
    From this org
    $425,973
    From related orgs
    $0
    Other
    $45,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,973
    Bonus
    $0
    Other
    $0
    Deferred
    $31,626
    Nontaxable benefits
    $14,279
    Filer's total
    $471,878

  • Ethan Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Farshad Farahat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gretchen Hund

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Feikema

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margaret A Tough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Micahel Wear

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Ames

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Sagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shannon Sedgwick Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Skyler Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry Gamble Boyer

    CHAIR

    Total calculated
    $0
    Hours/week
    3.5

  • Tyler Wigg-Stevenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Warner

    EXECUTIVE DIRECTOR

    Total calculated
    $233,526
    From this org
    $181,894
    From related orgs
    $0
    Other
    $51,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,894
    Bonus
    $0
    Other
    $0
    Deferred
    $18,857
    Nontaxable benefits
    $32,775
    Filer's total
    $233,526

  • Jamshade Faani

    FINANCE DIRECTOR/CONTROLLER

    Total calculated
    $150,023
    From this org
    $129,190
    From related orgs
    $0
    Other
    $20,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,190
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,833
    Filer's total
    $150,023

  • Bonnie Fisk

    DEVELOPMENT DIRECTOR

    Total calculated
    $154,560
    From this org
    $133,482
    From related orgs
    $0
    Other
    $21,078
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,482
    Bonus
    $0
    Other
    $0
    Deferred
    $13,081
    Nontaxable benefits
    $7,997
    Filer's total
    $154,560

  • Charles Crosby

    DIRECTOR OF COMMUNICATIONS AND MARKETING

    Total calculated
    $158,860
    From this org
    $132,109
    From related orgs
    $0
    Other
    $26,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,109
    Bonus
    $0
    Other
    $0
    Deferred
    $1,769
    Nontaxable benefits
    $24,982
    Filer's total
    $158,860

  • John Baker

    DEPUTY DIRECTOR OF PROGRAMS

    Total calculated
    $114,655
    From this org
    $101,474
    From related orgs
    $0
    Other
    $13,181
    Hours/week
    40

  • Sara Kutchesfahani

    DIRECTOR OF PROGRAMS

    Total calculated
    $157,260
    From this org
    $136,616
    From related orgs
    $0
    Other
    $20,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,616
    Bonus
    $0
    Other
    $0
    Deferred
    $5,941
    Nontaxable benefits
    $14,703
    Filer's total
    $157,260

  • Tom Collina

    SENIOR POLICY ADVISOR

    Total calculated
    $186,084
    From this org
    $137,352
    From related orgs
    $0
    Other
    $48,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,352
    Bonus
    $0
    Other
    $0
    Deferred
    $14,423
    Nontaxable benefits
    $34,309
    Filer's total
    $186,084

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • PRESIDENT AND FELLOWS OF MIDDLEBURY COLLEGE

    $250,000

    1. TO SUPPORT A FELLOWSHIP PROGRAM FOR NUCLEAR EXPERTS IMPACTED BY THE INVASION OF UKRAINE.3. TO SUPPORT JEFFREY LEWIS RESEARCH, ANALYSIS, AND MEDIA OUTREACH ON NUCLEAR AND MISSILE ACTIVITIES IN NORTH KOREA AND CHINA.2. TO SUPPORT ACTIVITIES OF THE MIDDLE EAST NEXT GENERATION OF ARMS CONTROL SPECIALISTS TO PROMOTE REGIONAL SECURITY IN THE MIDDLE EAST.

  • FOREIGN POLICY FOR AMERICA

    $225,000

    TO SUPPORT ACTIVITIES PROMOTING A DIPLOMACY-FIRST FOREIGN POLICY FOR THE UNITED STATES, PARTICULARLY ON NUCLEAR WEAPONS-RELATED ISSUES.

  • ARMS CONTROL ASSOCIATION

    $215,500

    1. TO SUPPORT STAFF TIME DEDICATED TO THE INVOLVEMENT ON THE CORE TEAM FOR THE STOP THE NUCLEAR ARMS RACE ROUNDTABLE2. TO SUPPORT THE ARMS CONTROL ASSOCIATION'S RESEARCH, PUBLIC EDUCATION, MEDIA OUTREACH, POLICY ADVOCACY, AND CONGRESSIONAL ENGAGEMENT WORK ON PRESSING NUCLEAR POLICY ISSUES.3. TO SUPPORT THE PHYSICISTS COALITION FOR NUCLEAR THREAT REDUCTION'S GRASSROOTS NETWORK OF SCIENTISTS CONCERNED ABOUT NUCLEAR DANGERS AND WILLING TO EDUCATE LEGISLATORS ABOUT THE NEED FOR POLICY CHANGE.

  • NUCLEAR THREAT INITIATIVE

    $177,000

    1. TO SUPPORT STAFF TIME DEDICATED TO THE INVOLVEMENT ON THE CORE TEAM FOR THE STOP THE NUCLEAR ARMS RACE ROUNDTABLE.2. TO SUPPORT THE DEVELOPMENT OF A NARRATIVE STRATEGY FOR SHIFTING POLITICAL WILL IN FAVOR OF NUCLEAR RISK REDUCTION AND THE ELIMINATION OF NUCLEAR WEAPONS.3. TO SUPPORT THE GENDER CHAMPIONS IN NUCLEAR POLICY (GCNP) INITIATIVE.

  • WIN WITHOUT WAR EDUCATION FUND

    $157,500

    1. TO MOBILIZE A BROAD BASE OF PUBLIC SUPPORT FOR PROGRESSIVE FOREIGN POLICIES, INCLUDING NUCLEAR NONPROLIFERATION, DENUCLEARIZATION, AND DIPLOMACY WITH NUCLEAR-ARMED STATES.2. TO SUPPORT A FELLOWSHIP POSITION THAT EXPLORES THE INTERSECTIONALITY OF NUCLEAR POLICY AND THE EXPERIENCES OF COMMUNITIES IMPACTED BY NUCLEAR WEAPONS.3. TO SUPPORT STAFF TIME DEDICATED TO THE INVOLVEMENT ON THE CORE TEAM FOR THE STOP THE NUCLEAR ARMS RACE ROUNDTABLE.

  • GLOBAL ZERO

    $150,000

    TO SUPPORT A RESPONSIBLE WIND-DOWN OF OPERATIONS AND HELP PROVIDE A SOFTER LANDING TO GLOBAL ZERO STAFF DURING THIS TRANSITION.

  • INKSTICK MEDIA

    $150,000

    TO SUPPORT THE FOREIGN AFFAIRS, DEFENSE, AND NATIONAL SECURITY BLOG INKSTICK.

  • INTERNATIONAL CIVIL SOCIETY ACTION NETWORK

    $150,000

    TO SUPPORT ICAN'S INNOVATIVE PEACE FUND PROGRAM ACTIVITIES IN SOUTH ASIA AND THE MIDDLE EAST.

  • FEDERATION OF AMERICAN SCIENTISTS

    $135,000

    1. TO SUPPORT MATT KORDA AND MACKENZIE KNIGHT'S RESEARCH AND EDUCATION EFFORTS ON POTENTIAL ALTERNATIVES TO CURRENT US NUCLEAR LAUNCH AUTHORITY POLICY.2. TO SUPPORT THE NUCLEAR INFORMATION PROJECT, ITS POLICYMAKER AND MEDIA OUTREACH, AND ITS ANALYSIS OF NUCLEAR WEAPONS PROGRAMS, BUDGETS, AND CURRENT AND FUTURE POLICIES AS WELL AS ADDITIONAL SUPPORT FOR THE NEW GLOBAL RISK PROGRAM.

  • UNION OF CONCERNED SCIENTISTS

    $135,000

    1. TO HIRE ORGANIZERS AND, AS NEEDED, PLACE TARGETED ADS IN SUPPORT OF THE RADIATION EXPOSURE COMPENSATION ACT (RECA).2. TO SUPPORT THE UNION OF CONCERNED SCIENTISTS EFFORTS TO REDUCE THE SIZE AND ROLE OF THE US NUCLEAR ARSENAL, LOWER THE RISK OF NUCLEAR WAR, AND PROVIDE JUSTICE TO IMPACTED COMMUNITIES.

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349315978

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

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