Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $149,045,328

• 2a · Program service revenue: ADVISORY INCOME

  total $3,131,000 · related or exempt $3,131,000

• 3 · Investment income

  total $28,441,934 · unrelated business $6,250,654 · excluded $22,191,280

• 7a · Gross sales of assets other than inventory

  securities $3,250,934,060

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

  securities $3,232,060,963

• 7c · Gain or loss

  securities $18,873,097

• 7d · Net gain or loss

  total $18,873,097 · excluded $18,873,097

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $352,940,753 · program services $352,940,753

• 5 · Compensation of officers, directors and key employees

  total $5,510,433 · program services $4,187,251 · management and general $685,601 · fundraising $637,581

• 7 · Other salaries and wages

  total $17,827,094 · program services $13,546,397 · management and general $2,218,023 · fundraising $2,062,674

• 8 · Pension plan contributions

  total $1,997,860 · program services $1,518,128 · management and general $248,571 · fundraising $231,161

• 9 · Other employee benefits

  total $3,077,653 · program services $2,338,638 · management and general $382,917 · fundraising $356,098

• 10 · Payroll taxes

  total $1,323,598 · program services $1,005,772 · management and general $164,680 · fundraising $153,146

• 11b · Fees: legal

  total $751,614 · program services $571,134 · management and general $93,515 · fundraising $86,965

• 11c · Fees: accounting

  total $98,622 · program services $74,941 · management and general $12,270 · fundraising $11,411

• 11f · Fees: investment management

  total $1,062,179 · management and general $1,062,179

• 11g · Fees: other

  total $12,932,260 · program services $11,835,434 · management and general $568,315 · fundraising $528,511

• 13 · Office expenses

  total $100,171 · program services $76,117 · management and general $12,464 · fundraising $11,590

• 14 · Information technology

  total $1,673,249 · program services $1,271,464 · management and general $208,183 · fundraising $193,602

• 16 · Occupancy

  total $1,683,376 · program services $1,279,159 · management and general $209,443 · fundraising $194,774

• 17 · Travel

  total $1,806,293 · program services $1,685,077 · management and general $62,807 · fundraising $58,409

• 19 · Conferences, conventions and meetings

  total $508,474 · program services $386,377 · management and general $63,264 · fundraising $58,833

• 24a · Other expenses: UBI TAX EXPENSES

  total $1,162,960 · program services $919,826 · management and general $103,075 · fundraising $140,059

• 24b · Other expenses: FEDERAL EXCISE TAX

  total $45,840 · management and general $45,840

• 24c · Other expenses: POSTAGE EXPENSES

  total $3,220 · program services $2,446 · management and general $402 · fundraising $372

• 24d · Other expenses: OTHER EXPENSES

  total $3,066 · program services $2,329 · management and general $382 · fundraising $355

• 24e · All other expenses

  total $1,693 · management and general $1,693

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $65,420,699 · end of year $44,528,364

• 3 · Pledges and grants receivable

  beginning of year $1,347,538,603 · end of year $1,198,829,423

• 4 · Accounts receivable

  beginning of year $3,694,664 · end of year $5,080,922

• 9 · Prepaid expenses and deferred charges

  beginning of year $993,462 · end of year $1,506,135

• 11 · Investments: publicly traded securities

  beginning of year $646,063,494 · end of year $615,848,332

• 12 · Investments: other securities

  beginning of year $197,724,595 · end of year $173,051,590

• 13 · Investments: program-related

  end of year $16,165,501

• 15 · Other assets

  beginning of year $0 · end of year $10,299,197

• 17 · Accounts payable and accrued expenses

  beginning of year $3,644,749 · end of year $2,499,435

• 18 · Grants payable

  beginning of year $2,499,999 · end of year $0

• 25 · Other liabilities

  beginning of year $589,399 · end of year $10,284,975

• 27 · Net assets without donor restrictions

  beginning of year $113,696,294 · end of year $189,582,150

• 28 · Net assets with donor restrictions

  beginning of year $2,141,005,076 · end of year $1,862,942,904

The filer's explanations (Part III)

PART I, LINE 4A

RALPH STEFANO (FORMER TREASURER, SECRETARY, CFO, AND SENIOR ADVISOR) LEFT BLUE MERIDIAN PARTNERS ON 3/31/2023 AND RECEIVED A SEVERANCE PAYMENT OF $400,000, WHICH IS REPORTED IN PART II, COLUMN B(III). MINDY TARLOW (MANAGINNG DIRECTOR OF PORTFOLIO STRATEGY & MANAGEMENT) LEFT BLUE MERIDIAN PARTNERS ON 12/31/23 AND RECEIVED A SEVERANCE PAYMENT OF $399,000. THE SEVERANCE PAYMENT IS REFLECTED ON MINDY'S 2024 FORM W-2.

PART I, LINE 7

THE BONUSES SHOWN IN PART II, COLUMN B(II) ARE PAID UNDER THE DISCRETION OF THE BOARD AND MANAGEMENT. THESE INCENTIVE PAYMENTS ARE BASED ON PERFORMANCE OF BOTH THE INDIVIDUAL AND THE ORGANIZATION AS PART OF AN ANNUAL MERIT REVIEW PROCESS. THE BOARD RATES THE OVERALL ORGANIZATION PERFORMANCE AND WHETHER OR NOT THE OVERALL ORGANIZATION HAS MET OR EXCEEDED ITS TARGETS.