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Nonprofiteer
← SHRM FOUNDATION INC

Form 990 for tax year 2024

Filed by SHRM FOUNDATION INC.

Totals

Total revenue
$10,378,479
Total expenses
$8,519,116
Contributions and grants received
$8,311,733
Grants paid
$774,063
Program service revenue
$0
Investment income
$2,041,539
Other revenue
$25,207
Total assets, end of year
$30,662,631
Total liabilities, end of year
$1,691,705
Net assets or fund balances, end of year
$28,970,926
Program services expenses (Part IX)
$7,213,751
Management and general expenses
$544,358
Fundraising expenses
$761,007
Program service expenses (Part III)
$7,213,751

Program services were 84.7% 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.

  • 1d · Related organizations

    $1,575,000

  • 1e · Government grants (contributions)

    $900,311

  • 1f · All other contributions, gifts and grants

    $5,836,422

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $787,471 · excluded $787,471

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $12,527,763

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

    securities $11,273,695

  • 7c · Gain or loss

    securities $1,254,068 · other assets $0

  • 7d · Net gain or loss

    total $1,254,068 · excluded $1,254,068

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $25,207 · excluded $25,207

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $25,207

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $247,512 · program services $247,512

  • 2 · Grants to domestic individuals

    total $526,551 · program services $526,551

  • 5 · Compensation of officers, directors and key employees

    total $368,450 · program services $348,273 · management and general $7,062 · fundraising $13,115

  • 7 · Other salaries and wages

    total $1,258,359 · program services $1,189,448 · management and general $24,119 · fundraising $44,792

  • 8 · Pension plan contributions

    total $120,010 · program services $113,438 · management and general $2,300 · fundraising $4,272

  • 9 · Other employee benefits

    total $110,918 · program services $104,844 · management and general $2,126 · fundraising $3,948

  • 10 · Payroll taxes

    total $115,539 · program services $109,212 · management and general $2,214 · fundraising $4,113

  • 11c · Fees: accounting

    total $28,000 · program services $25,132 · management and general $1,255 · fundraising $1,613

  • 11f · Fees: investment management

    total $122,309 · management and general $122,309

  • 11g · Fees: other

    total $3,991,927 · program services $3,558,523 · management and general $189,647 · fundraising $243,757

  • 12 · Advertising and promotion

    total $75,916 · program services $74,004 · management and general $1,912

  • 13 · Office expenses

    total $12,345 · program services $11,646 · management and general $663 · fundraising $36

  • 14 · Information technology

    total $166,048 · program services $149,043 · management and general $7,441 · fundraising $9,564

  • 16 · Occupancy

    total $566,505 · program services $305,316 · management and general $20,387 · fundraising $240,802

  • 17 · Travel

    total $464,390 · program services $338,480 · management and general $66,357 · fundraising $59,553

  • 19 · Conferences, conventions and meetings

    total $172,968 · program services $57,749 · management and general $14,306 · fundraising $100,913

  • 24a · Other expenses: MISCELLANEOUS

    total $171,369 · program services $54,580 · management and general $82,260 · fundraising $34,529

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $281,105 · end of year $631,736

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $1,550,343 · end of year $1,368,357

  • 4 · Accounts receivable

    beginning of year $721,837 · end of year $467,368

  • 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 $56,809 · end of year $45,417

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $26,167,710 · end of year $27,859,283

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $48,823 · end of year $290,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $521,198 · end of year $435,685

  • 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 $2,152,077 · end of year $1,256,020

  • 27 · Net assets without donor restrictions

    beginning of year $26,153,352 · end of year $28,970,926

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

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

  • WIDENING PATHAWAYS TO WORK: HELPING EMPLOYERS ENGAGE A DIVERSE RANGEOF TALENT - IF WE MOBILIZE AND EQUIP HR TO EMBRACE UNTAPPED POOLS OF TALENT AND ACTIVATE A SKILLS-FIRST MINDSET FOR RECRUITMENT AND RETENTION, THEN WE WILL WIDEN PATHWAYS TO WORK SO THAT ALL TALENT AND WORKPLACES PROSPER AND THRIVE. THRIVING TOGETHER: PREPARING AND SUPPORTING HR LEADERS TO ADDRESS CHALLENGES -IF WE MOBILIZE AND EQUIP HR AND OTHER PEOPLE LEADERS TO UNDERSTAND AND CREATE CONDITIONS THAT COMPREHENSIVELY SUPPORT THEIR WORKFORCE, WE WILL ENABLE EMPLOYERS AND EMPLOYEES TO THRIVE TOGETHER.

    Expenses $6,417,371 · Grants $226,550

  • STRENGTHENING THE HR FIELD: SUPPORTING THE HR LEADERS OF TODAY AND TOMORROW - IF WE PROVIDE HR STUDENTS AND EMERGING PROFESSIONALS, ESPECIALLY THOSE FROM POPULATIONS CURRENTLY UNDERREPRESENTED IN HR,WITH FUNDING, MENTORSHIP, AND SUPPORT ENTERING AND GROWING IN THE PROFESSION THEN WE WILL STRENGTHEN THE HR FIELD WITH GREATER OPPORTUNITY, GROWTH, DIVERSITY, AND INNOVATION.

    Expenses $796,380 · Grants $547,513

As filed on the 2024 return.

Listed in Part VII

  • Camille Chang-Gilmore

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • Edie Goldberg PhD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Bennett

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Courtney Peterson Shrm-Scp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Flores

    DIRECTOR (THRU 06/2024)

    Total calculated
    $0
    Hours/week
    1

  • Jane Marvin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Ferguson Shrm-Cp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnny C Taylor Jr

    SHRM-SCP, DIR/SHRM PRES&CEO

    Total calculated
    $4,001,668
    From this org
    $0
    From related orgs
    $3,850,992
    Other
    $150,676
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,243,570 related
    Bonus
    $0 + $1,825,000 related
    Other
    $0 + $782,422 related
    Deferred
    $0 + $115,332 related
    Nontaxable benefits
    $0 + $35,344 related
    Filer's total
    $0 + $4,001,668 related

  • Luciana Gmez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Blankenship PhD

    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

  • Wendi Safstrom

    PRESIDENT

    Total calculated
    $368,450
    From this org
    $290,734
    From related orgs
    $0
    Other
    $77,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,937
    Bonus
    $55,000
    Other
    $797
    Deferred
    $65,537
    Nontaxable benefits
    $12,179
    Filer's total
    $368,450

  • Clayton Lord

    DIR, FOUNDATION PROGRAMS

    Total calculated
    $201,772
    From this org
    $186,220
    From related orgs
    $0
    Other
    $15,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,856
    Bonus
    $27,300
    Other
    $3,064
    Deferred
    $15,552
    Nontaxable benefits
    $0
    Filer's total
    $201,772

  • Elizabeth Kohm

    MANAGER, FOUNDATION PROGRAMS

    Total calculated
    $199,385
    From this org
    $111,716
    From related orgs
    $0
    Other
    $87,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $95,134
    Bonus
    $15,000
    Other
    $1,582
    Deferred
    $46,194
    Nontaxable benefits
    $41,475
    Filer's total
    $199,385

  • Ellen Christman

    DIR, ENGAGEMENT & PHILANTHROPY

    Total calculated
    $261,024
    From this org
    $187,122
    From related orgs
    $0
    Other
    $73,902
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,549
    Bonus
    $12,946
    Other
    $1,627
    Deferred
    $73,902
    Nontaxable benefits
    $0
    Filer's total
    $261,024

  • Lana Williams

    MANAGER, FOUNDATION PROGRAMS

    Total calculated
    $132,100
    From this org
    $114,306
    From related orgs
    $0
    Other
    $17,794
    Hours/week
    40

  • Madison Schaffer

    MANAGER, ENGAGEMENT & PHILANTHROPY

    Total calculated
    $154,803
    From this org
    $131,505
    From related orgs
    $0
    Other
    $23,298
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,633
    Bonus
    $6,575
    Other
    $297
    Deferred
    $6,812
    Nontaxable benefits
    $16,486
    Filer's total
    $154,803

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)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
ALL EMPLOYEES RECEIVE A GROSS UP PAYMENT AS PART OF THE ORGANIZATION'S BIRTHDAY GIFT PROGRAM. PAYMENTS ARE INCLUDED IN TAXABLE WAGES.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION FOR THE PRESIDENT 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 PRESIDENT: 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 Compensation contingent on net earnings of a related organization
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 Corporation · ON-LINE JOBS ADVERTISING PROGRAM · VA · 0% owned

    Directly controlled by SHRM

  • SHRM EAST PRIVATE LIMITED

    C Corporation · HR RESEARCH AND EDUCATIONAL PROGRAMS IN INDIA · IN · 0% owned

    Directly controlled by SHRM

  • Linkage Inc

    C Corporation · ORG DEVELOPMENT · MA · 0% owned

    Directly controlled by SHRM CORP

  • SHRM ARABIA COMPANY FOR TRAINING

    ORG TRAINING · SA · 0% owned

    Directly controlled by SHRM

Provenance

Return type
form_990
Tax year
2024
Filed
15 October 2025
IRS schema version
2024v5.1
Source object
202522889349302462

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