Totals
- Total revenue
- $986,689
- Total expenses
- $322,085
- Contributions and grants received
- $0
- Grants paid
- $309,917
- Program service revenue
- $0
- Investment income
- $986,689
- Other revenue
- $0
- Total assets, end of year
- $36,716,386
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $36,716,386
- Program services expenses (Part IX)
- $309,917
- Management and general expenses
- $12,168
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $309,917
Program services were 96.2% 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.
-
3 · Investment income
total $670,473 · excluded $670,473
-
7a · Gross sales of assets other than inventory
securities $1,915,316
-
7b · Less cost or other basis and sales expenses
securities $1,599,100
-
7c · Gain or loss
securities $316,216
-
7d · Net gain or loss
total $316,216 · excluded $316,216
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $309,917 · program services $309,917
-
11f · Fees: investment management
total $12,153 · management and general $12,153
-
13 · Office expenses
total $15 · management and general $15
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $28,228 · end of year $100,720
-
11 · Investments: publicly traded securities
beginning of year $30,671,294 · end of year $36,297,606
-
15 · Other assets
beginning of year $72,134 · end of year $318,060
-
27 · Net assets without donor restrictions
beginning of year $30,771,656 · end of year $36,716,386
Mission and programs · 2023
Mission
The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the Government Finance Officers Association.
-
The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the Government Finance Officers Association.
Expenses $309,917 · Grants $309,917
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Laura Allen
President
- Total calculated
- $0
- Hours/week
- 0.1 + 4.5 related
-
Tanya Garost
President-Elect
- Total calculated
- $0
- Hours/week
- 0.1 + 1.25 related
-
Terri Velasquez
Past President
- Total calculated
- $0
- Hours/week
- 0.1 + 1.25 related
-
Michael A Bryant
Past President until 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 1.25 related
-
Sonia Andrews
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Lunda Asmani
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Laurie M Brewer
Board Member until 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Jennifer Brown
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Veronica Carrillo
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Timothy Ewell
Board Member as of 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Bruce Fisher
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Jason Greene
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Edward Gin
Board Member as of 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Anne Harty
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Rafiu O Ighile
Board Member until 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Susan Iverson
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Brandon Kauffman
Board Member until 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Grace Martinez
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Margaret Moggia
Board Member until 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Kendel Taylor
Board Member
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Debra Roberts
Board Member as of 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
David Schmiedicke
Board Member as of 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Diane Waldron
Board Member as of 6/13/2023
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Christopher P Morrill
Executive Director, CEO
- Total calculated
- $513,437
- From this org
- $0
- From related orgs
- $433,400
- Other
- $80,037
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $428,888 related
- Bonus
- $0 + $1,500 related
- Other
- $0 + $3,012 related
- Deferred
- $0 + $50,746 related
- Nontaxable benefits
- $0 + $29,291 related
- Filer's total
- $0 + $513,437 related
-
Sarah Lombardi
Director of Finance
- Total calculated
- $255,060
- From this org
- $0
- From related orgs
- $216,294
- Other
- $38,766
- Hours/week
- 0.1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $214,595 related
- Bonus
- $0 + $1,500 related
- Other
- $0 + $199 related
- Deferred
- $0 + $27,720 related
- Nontaxable benefits
- $0 + $11,046 related
- Filer's total
- $0 + $255,060 related
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
None.
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
The filer's explanations (Part III)
- Part I, Line 3
- Compensation was established and paid by Government Finance Officers Association ("GFOA"), a related organization. GFOA used the following to establish the CEO's compensation: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Compensation survey or study - Approval by the board or compensation committee
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
-
General Support
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.
-
Government Finance Officers Assn of the United States & Canada
501(c)(3) · Educational · IL
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530489349300613
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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