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Nonprofiteer
← THOMAS B FORDHAM INSTITUTE

Form 990 for tax year 2022

Filed by THOMAS B FORDHAM INSTITUTE.

Totals

Total revenue
$1,050,355
Total expenses
$3,139,829
Contributions and grants received
$849,981
Grants paid
$2,000
Program service revenue
$0
Investment income
$182,046
Other revenue
$18,328
Total assets, end of year
$7,314,951
Total liabilities, end of year
$1,181,328
Net assets or fund balances, end of year
$6,133,623
Program services expenses (Part IX)
$2,690,371
Management and general expenses
$221,125
Fundraising expenses
$228,333
Program service expenses (Part III)
$2,690,371

Program services were 85.7% 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.

  • 1f · All other contributions, gifts and grants

    $849,981

  • 3 · Investment income

    total $182,046 · unrelated business $0 · excluded $182,046

  • 11a · Other revenue: OTHER INCOME

    total $18,328 · related or exempt $18,328 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $18,328

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,000 · program services $2,000

  • 5 · Compensation of officers, directors and key employees

    total $703,665 · program services $576,828 · management and general $58,539 · fundraising $68,298

  • 7 · Other salaries and wages

    total $813,897 · program services $662,120 · management and general $70,664 · fundraising $81,113

  • 8 · Pension plan contributions

    total $135,772 · program services $117,356 · management and general $7,554 · fundraising $10,862

  • 9 · Other employee benefits

    total $110,157 · program services $94,113 · management and general $7,469 · fundraising $8,575

  • 10 · Payroll taxes

    total $120,873 · program services $103,267 · management and general $8,197 · fundraising $9,409

  • 11b · Fees: legal

    total $3,948 · program services $2,419 · management and general $1,529 · fundraising $0

  • 11d · Fees: lobbying

    total $72,000 · program services $72,000 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $13,749 · program services $0 · management and general $13,749 · fundraising $0

  • 11g · Fees: other

    total $488,129 · program services $455,284 · management and general $13,747 · fundraising $19,098

  • 12 · Advertising and promotion

    total $74,265 · program services $69,924 · management and general $3,823 · fundraising $518

  • 13 · Office expenses

    total $95,858 · program services $68,391 · management and general $22,426 · fundraising $5,041

  • 14 · Information technology

    total $40,942 · program services $35,480 · management and general $5,462 · fundraising $0

  • 16 · Occupancy

    total $271,111 · program services $246,711 · management and general $2,711 · fundraising $21,689

  • 17 · Travel

    total $114,755 · program services $114,755 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $24,302 · program services $20,023 · management and general $4,279 · fundraising $0

  • 23 · Insurance

    total $45,743 · program services $41,626 · management and general $457 · fundraising $3,660

  • 24a · Other expenses: MISCELLANEOUS

    total $8,663 · program services $8,074 · management and general $519 · fundraising $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,290,947 · end of year $995,810

  • 3 · Pledges and grants receivable

    beginning of year $2,350,000 · end of year $700,000

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,577,865 · end of year $4,343,080

  • 12 · Investments: other securities

    beginning of year $790,122 · end of year $1,018,914

  • 15 · Other assets

    beginning of year $2,654 · end of year $257,147

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,247 · end of year $32,153

  • 25 · Other liabilities

    beginning of year $947,200 · end of year $1,149,175

  • 27 · Net assets without donor restrictions

    beginning of year $7,671,274 · end of year $5,251,097

  • 28 · Net assets with donor restrictions

    beginning of year $1,325,867 · end of year $882,526

Mission and programs · 2022

Mission

THE THOMAS B. FORDHAM INSTITUTE IS THE NATION'S LEADER IN ADVANCING EDUCATIONAL EXCELLENCE FOR EVERY CHILD THROUGH QUALITY RESEARCH, ANALYSIS, AND COMMENTARY, AS WELL AS ON-THE-GROUND ACTION AND ADVOCACY IN OHIO.

Activities or mission (Part I)

THE THOMAS B. FORDHAM INSTITUTE IS THE NATION'S LEADER IN ADVANCING EDUCATIONAL EXCELLENCE THROUGH QUALITY RESEARCH, ANALYSIS, AND COMMENTARY, AS WELL AS ON-THE-GROUND ACTION AND ADVOCACY IN OHIO.

  • RESEARCHING AND EVALUATING OHIO EDUCATION POLICY: PRODUCED AND DISSEMINATED STUDIES, ANALYSES, AND OTHER INFORMATION AIMED AT STRENGTHENING AND IMPROVING EDUCATION POLICY IN OHIO, INCLUDING A PUBLICATION OF A BI-WEEKLY ELECTRONIC NEWS-BRIEF, THE OHIO EDUCATION GADFLY, AND ANALYZED KEY EDUCATION POLICY ISSUES.

    Expenses $804,295 · Grants $2,000

  • RESEARCHING AND EVALUATING HIGH QUALITY SCHOOL CHOICE: PRODUCED AND DISSEMINATED STUDIES EXAMINING HOW THE EXPANSION OF CHARTER SCHOOLS IS IMPACTING TRADITIONAL PUBLIC SCHOOLS, WHETHER CHARTER TEACHERS EXHIBIT HIGHER EXPECTATIONS FOR THEIR STUDENTS THAN THEIR PUBLIC SCHOOL PEERS, AND THE IMPACTS OF SPENDING PATTERNS OF SO-CALLED "FOR-PROFIT" CHARTER SCHOOLS, AMONG OTHER TOPICS.

    Expenses $628,447

  • RESEARCHING AND EVALUATING EDUCATION FOR UPWARD MOBILLITY: PRODUCED AND DISSEMINATED STUDIES AND POLICY BRIEFS IDENTIFYING EVIDENCE-BASED SOLUTIONS AND BEST-PRACTICE RECOMMENDATIONS THAT HELP CHILDREN BORN INTO POVERTY TRANSCEND THEIR DISADVANTAGES AND ENTER THE MIDDLE CLASS AS ADULTS, INCLUDING HIGH-QUALITY CAREER AND TECHNICAL EDUCATION PROGRAMS.

    Expenses $581,504

  • COMMENTARY: FRAMED THE DEBATE FOR OTHER ED REFORMERS; WEIGHED IN ON URGENT TOPICS OF THE DAY; AND PROMOTED POLICIES THAT INCREASE ACCESS TO HIGH QUALITY CHOICES AND THAT MAINTAIN RIGOROUS STANDARDS, ESPECIALLY THROUGH OUR BLOGS AND THE EDUCATION GADFLY.

    Expenses $485,074

  • RESEARCHING AND EVALUATING STANDARDS, ASSESSMENTS, AND ACCOUNTABILITY: PRODUCED AND DISSEMINATED STUDIES RELATED TO THE IMPLEMENTATION OF STANDARDS-BASED REFORM, ESPECIALLY WITH RESPECT TO NEW MEASURES OF STUDENT ABSENTEEISM, EVIDENCE-BASED PRACTICES IN ELEMENTARY SCHOOLS, AND THE HISTORY OF THE NATIONAL ASSESSMENT OF EDUCATIONAL PROGRAMS.

    Expenses $191,051

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stefanie Sanford

    TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Rod Paige

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0.5

  • Caprice Young

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0.5

  • Ian Rowe

    TRUSTEE

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0.5

  • David Driscoll

    CHAIRMAN/TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Thomas A Holton

    SECRETARY AND TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Michael W Kelly

    TREASURER AND TRUSTEE

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    0.5

  • Chester E Finn Jr

    PRESIDENT EMERITUS AND TRUSTEE

    Total calculated
    $264,139
    From this org
    $0
    From related orgs
    $235,500
    Other
    $28,639
    Hours/week
    46.5

    Schedule J breakdown matched by us

    Base
    $0 + $235,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,260 related
    Nontaxable benefits
    $0 + $379 related
    Filer's total
    $0 + $264,139 related

  • Michael Petrilli

    PRESIDENT AND TRUSTEE

    Total calculated
    $399,959
    From this org
    $0
    From related orgs
    $343,200
    Other
    $56,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $320,700 related
    Bonus
    $0 + $22,500 related
    Other
    $0
    Deferred
    $0 + $37,600 related
    Nontaxable benefits
    $0 + $19,159 related
    Filer's total
    $0 + $399,959 related

  • Gary Labelle

    VP FOR FINANCE AND OPERATIONS

    Total calculated
    $237,098
    From this org
    $0
    From related orgs
    $200,000
    Other
    $37,098
    Hours/week
    25

    Schedule J breakdown matched by us

    Base
    $0 + $187,500 related
    Bonus
    $0 + $12,500 related
    Other
    $0
    Deferred
    $0 + $24,000 related
    Nontaxable benefits
    $0 + $13,098 related
    Filer's total
    $0 + $237,098 related

  • Amber Northern

    SENIOR VP FOR RESEARCH

    Total calculated
    $297,829
    From this org
    $0
    From related orgs
    $256,000
    Other
    $41,829
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $0 + $241,000 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $30,720 related
    Nontaxable benefits
    $0 + $11,109 related
    Filer's total
    $0 + $297,829 related

  • Chad Aldis

    VP FOR OHIO POLICY AND ADVOCACY

    Total calculated
    $266,158
    From this org
    $0
    From related orgs
    $221,500
    Other
    $44,658
    Hours/week
    49.5

    Schedule J breakdown matched by us

    Base
    $0 + $211,500 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $26,580 related
    Nontaxable benefits
    $0 + $18,078 related
    Filer's total
    $0 + $266,158 related

  • Kathryn Mullen-Upton

    VP FOR SPONSORSHP AND DAYTON

    Total calculated
    $209,947
    From this org
    $0
    From related orgs
    $172,000
    Other
    $37,947
    Hours/week
    2.5

    Schedule J breakdown matched by us

    Base
    $0 + $165,000 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $20,640 related
    Nontaxable benefits
    $0 + $17,307 related
    Filer's total
    $0 + $209,947 related

  • Victoria McDougald

    CHIEF OF STAFF

    Total calculated
    $141,634
    From this org
    $0
    From related orgs
    $115,987
    Other
    $25,647
    Hours/week
    40

  • Brandon Wright

    EDITORIAL DIRECTOR

    Total calculated
    $136,034
    From this org
    $0
    From related orgs
    $110,000
    Other
    $26,034
    Hours/week
    50

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 · 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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202343069349302369

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