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Nonprofiteer
← THE FULLER FOUNDATION

Form 990 for tax year 2022

Filed by THE FULLER FOUNDATION.

Totals

Total revenue
$12,191,151
Total expenses
$15,178,792
Contributions and grants received
$7,512,843
Grants paid
$9,720,235
Program service revenue
$4,970,872
Investment income
-$168,056
Other revenue
-$124,508
Total assets, end of year
$203,579,115
Total liabilities, end of year
$129,393,174
Net assets or fund balances, end of year
$74,185,941
Program services expenses (Part IX)
$13,685,377
Management and general expenses
$1,318,663
Fundraising expenses
$174,752
Program service expenses (Part III)
$13,685,377

Program services were 90.2% 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.

  • 1f · All other contributions, gifts and grants

    $7,512,843

  • 1g · Noncash contributions included above

    $525,507

  • 2a · Program service revenue: COST RECOVERY ASSESSMENTS

    total $4,969,972 · related or exempt $4,969,972

  • 2b · Program service revenue: PRI INTEREST INCOME

    total $900 · related or exempt $900

  • 3 · Investment income

    total $246,018 · excluded $246,018

  • 7a · Gross sales of assets other than inventory

    securities $8,683,420

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

    securities $9,097,494

  • 7c · Gain or loss

    securities -$414,074

  • 7d · Net gain or loss

    total -$414,074 · excluded -$414,074

  • 11a · Other revenue: UBI FROM PASSTHROUGHS

    total -$124,508 · unrelated business -$124,508

  • 11e · Other revenue, total

    -$124,508

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,588,029 · program services $4,588,029

  • 3 · Grants to foreign organizations and individuals

    total $5,132,206 · program services $5,132,206

  • 5 · Compensation of officers, directors and key employees

    total $1,340,067 · program services $1,158,112 · management and general $138,463 · fundraising $43,492

  • 7 · Other salaries and wages

    total $1,847,228 · program services $1,596,411 · management and general $190,865 · fundraising $59,952

  • 8 · Pension plan contributions

    total $183,522 · program services $158,604 · management and general $18,962 · fundraising $5,956

  • 9 · Other employee benefits

    total $310,617 · program services $268,441 · management and general $32,095 · fundraising $10,081

  • 10 · Payroll taxes

    total $197,442 · program services $170,633 · management and general $20,401 · fundraising $6,408

  • 11b · Fees: legal

    total $221,073 · management and general $221,073

  • 11c · Fees: accounting

    total $93,350 · management and general $93,350

  • 11f · Fees: investment management

    total $319,761 · program services $108,406 · management and general $211,355

  • 11g · Fees: other

    total $57,654 · management and general $57,654

  • 12 · Advertising and promotion

    total $59,400 · program services $29,700 · management and general $14,850 · fundraising $14,850

  • 13 · Office expenses

    total $79,155 · program services $21,447 · management and general $57,708

  • 14 · Information technology

    total $226,951 · program services $75,643 · management and general $151,308

  • 16 · Occupancy

    total $103,000 · program services $33,280 · management and general $56,855 · fundraising $12,865

  • 17 · Travel

    total $122,603 · program services $42,295 · management and general $59,160 · fundraising $21,148

  • 19 · Conferences, conventions and meetings

    total $4,825 · management and general $4,825

  • 20 · Interest

    total $1,509 · program services $1,509

  • 22 · Depreciation, depletion and amortization

    total $31,845 · program services $10,614 · management and general $21,231

  • 23 · Insurance

    total $13,643 · management and general $13,643

  • 24a · Other expenses: COST RECOVERY EXPENSES

    total $120,213 · program services $120,213

  • 24b · Other expenses: OTHER TAXES/LICENSES

    total $6,627 · management and general $6,627

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $435 · program services $145 · management and general $290

  • 24d · Other expenses: UBTI EXP/REFUNDS DUE

    total -$48,348 · management and general -$48,348

  • 24e · All other expenses

    total $165,985 · program services $169,689 · management and general -$3,704

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,357,096 · end of year $1,278,803

  • 2 · Savings and temporary cash investments

    beginning of year $106,436 · end of year $99,812

  • 4 · Accounts receivable

    beginning of year $282,502 · end of year $308,065

  • 5 · Loans and receivables from officers and key people

    beginning of year $350,000 · end of year $750,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $86,275 · end of year $96,591

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

    $386,513

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

    $341,299

  • 10c · Land, buildings and equipment, net

    beginning of year $73,461 · end of year $45,214

  • 11 · Investments: publicly traded securities

    beginning of year $27,001,946 · end of year $22,103,143

  • 12 · Investments: other securities

    beginning of year $227,114,709 · end of year $178,327,762

  • 13 · Investments: program-related

    beginning of year $500,675 · end of year $501,575

  • 15 · Other assets

    beginning of year $68,150 · end of year $68,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $328,189 · end of year $358,884

  • 19 · Deferred revenue

    beginning of year $200,000 · end of year $200,000

  • 25 · Other liabilities

    beginning of year $164,673,252 · end of year $128,834,290

  • 27 · Net assets without donor restrictions

    beginning of year $29,637,570 · end of year $24,844,106

  • 28 · Net assets with donor restrictions

    beginning of year $63,102,239 · end of year $49,341,835

Mission and programs · 2022

Mission

THE FULLER FOUNDATION SERVES FULLER THEOLOGICAL SEMINARY AND ITS CONSTITUENTS THROUGH FUNDRAISING, GIFT AND ESTATE PLANNING SERVICES TO FULLER'S SUPPORTERS, CHARITABLE TRUST ADMINISTRATION, AND SUPPORT OF THE FULLER ENDOWMENT.

Activities or mission (Part I)

THE FULLER FOUNDATION (THE "FOUNDATION") SERVES FULLER THEOLOGICAL SEMINARY (THE "SEMINARY") AND ITS CONSTITUENTS THROUGH STEWARDSHIP, GIFT AND ESTATE PLANNING, CHARITABLE GIVING, AND INVESTMENT MANAGEMENT SERVICES. THE FOUNDATION DOES THIS BY MANAGING THE SEMINARY'S ENDOWMENT AND PROVIDING DEVELOPMENT AND ALUMNI RELATIONS SERVICES, AS WELL AS PROVIDING TRUST ADMINISTRATION, DONOR-ADVISED FUNDS, AND INVESTMENT MANAGEMENT SERVICES FOR GENEROUS FRIENDS OF THE SEMINARY.

  • SEE SCHEDULE OTHE SERVICES OF THE FULLER FOUNDATION BENEFIT AND CARRY OUT THE CHARITABLE PURPOSES OF CHRISTIAN BASED AND OTHER CHARITABLE ORGANIZATIONS. THIS INCLUDES DIRECT SUPPORT OF FULLER THEOLOGICAL SEMINARY, OTHER CHRISTIAN BASED ORGANIZATIONS, OTHER CHARITABLE ORGANIZATIONS, AND VARIOUS DESIGNATED, RESTRICTED, OR ENDOWMENT FUNDS. THE FOUNDATION FULFILLS ITS PURPOSES THROUGH THE ADMINISTRATION AND MANAGEMENT OF FULLER THEOLOGICAL SEMINARY'S FUNDRAISING, ALUMNI RELATIONS ACTIVITIES, AND MANAGEMENT OF CERTAIN ENDOWMENT FUNDS DESIGNATED TO SUPPORT FULLER THEOLOGICAL SEMINARY. ADDITIONALLY, THE FOUNDATION MANAGES CHARITABLE TRUSTS, CHARITABLE FUNDS, DONOR ADVISED FUNDS, AND GIFT ANNUITY TYPE ACCOUNTS. PROGRAM RELATED DISTRIBUTIONS INCLUDE GIFTS AND GRANTS TO THE SEMINARY AND A BROAD BASE OF CHARITABLE ORGANIZATIONS, INCLUDING GIFTS FROM DONOR ADVISED FUNDS. GIFTS AND GRANTS ARE PREDOMINATELY TO U.S. BASED IRS DETERMINED 501(C)(3) CHARITIES. SELECT GRANTS AND GIFTS ARE MADE TO FOREIGN ORGANIZATIONS THAT HAVE BEEN DETERMINED TO BE ORGANIZED FOR EXCLUSIVELY CHARITABLE PURPOSES. OTHER ACTIVITIES INCLUDE PROVIDING TRUST FIDUCIARY SERVICES TO OTHER CHARITABLE ORGANIZATIONS WITH A CHRISTIAN MISSION.

    Expenses $13,685,377 · Grants $9,720,235 · Revenue $4,970,872

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

Listed in Part VII

  • Daniel Cooper

    EXECUTIVE DIRECTOR

    Total calculated
    $415,136
    From this org
    $173,795
    From related orgs
    $173,795
    Other
    $67,546
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $173,295 + $173,295 related
    Bonus
    $500 + $500 related
    Other
    $0
    Deferred
    $20,250 + $20,250 related
    Nontaxable benefits
    $13,523 + $13,523 related
    Filer's total
    $207,568 + $207,568 related

  • Robert Ceremsak

    DIRECTOR / BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.4

  • Colette Cozean

    DIRECTOR (EFFECTIVE 10/2022)

    Total calculated
    $0
    Hours/week
    0.4

  • Katherine Drake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Kathleen Kane

    DIRECTOR (THROUGH 4/2022)

    Total calculated
    $0
    Hours/week
    0.4

  • Danny Kuo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Mark Labberton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Daniel Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Russ Michealsen

    DIRECTOR (EFFECTIVE 10/2022)

    Total calculated
    $0
    Hours/week
    0.4

  • James Rea Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Roy Rogers

    DIRECTOR (THROUGH 2/2022)

    Total calculated
    $0
    Hours/week
    0.4

  • Michele Ruby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Jody Vanderwel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.4

  • Daniel Villanueva

    DIRECTOR / VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.4

  • Brian Rietze

    CHIEF FINANCIAL OFFICER

    Total calculated
    $238,446
    From this org
    $114,899
    From related orgs
    $76,600
    Other
    $46,947
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $114,299 + $76,200 related
    Bonus
    $600 + $400 related
    Other
    $0
    Deferred
    $14,361 + $9,574 related
    Nontaxable benefits
    $13,807 + $9,205 related
    Filer's total
    $143,067 + $95,379 related

  • Emily Sexton

    SECRETARY / DIR OF HR & OFFICE OPS

    Total calculated
    $178,971
    From this org
    $121,895
    From related orgs
    $13,544
    Other
    $43,532
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $120,995 + $13,444 related
    Bonus
    $900 + $100 related
    Other
    $0
    Deferred
    $13,811 + $1,535 related
    Nontaxable benefits
    $25,367 + $2,819 related
    Filer's total
    $161,073 + $17,898 related

  • Todd Derrick

    SR. DIR. GIFT/ESTATE PLANNING SVCS.

    Total calculated
    $274,291
    From this org
    $53,355
    From related orgs
    $160,065
    Other
    $60,871
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $53,105 + $159,315 related
    Bonus
    $250 + $750 related
    Other
    $0
    Deferred
    $6,882 + $20,645 related
    Nontaxable benefits
    $8,336 + $25,008 related
    Filer's total
    $68,573 + $205,718 related

  • Ken Erffmeyer

    SR. VP FOR ADVANCEMENT

    Total calculated
    $342,396
    From this org
    $271,324
    From related orgs
    $0
    Other
    $71,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,324
    Bonus
    $1,000
    Other
    $0
    Deferred
    $37,713
    Nontaxable benefits
    $33,359
    Filer's total
    $342,396

  • John Kamperschroer

    SENIOR DIRECTOR OF DEVELOPMENT

    Total calculated
    $201,126
    From this org
    $170,071
    From related orgs
    $0
    Other
    $31,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,071
    Bonus
    $1,000
    Other
    $0
    Deferred
    $20,170
    Nontaxable benefits
    $10,885
    Filer's total
    $201,126

  • Dasha Thomas

    SR. DIR. GIFT PLANNING/ANNUAL GIVING

    Total calculated
    $216,263
    From this org
    $192,578
    From related orgs
    $0
    Other
    $23,685
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,578
    Bonus
    $1,000
    Other
    $0
    Deferred
    $23,685
    Nontaxable benefits
    $0
    Filer's total
    $216,263

  • Brandy Ammons

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $121,119
    From this org
    $103,264
    From related orgs
    $0
    Other
    $17,855
    Hours/week
    40

  • David Fasold

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $142,037
    From this org
    $125,846
    From related orgs
    $0
    Other
    $16,191
    Hours/week
    40

  • Alyse Lee

    DIRECTOR OF STEWARDSHIP

    Total calculated
    $145,763
    From this org
    $85,162
    From related orgs
    $28,512
    Other
    $32,089
    Hours/week
    30 + 10 related

  • Lily Tsau

    SR. DIRECTOR, ALUMNI RELATIONS

    Total calculated
    $162,492
    From this org
    $134,740
    From related orgs
    $0
    Other
    $27,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,740
    Bonus
    $1,000
    Other
    $0
    Deferred
    $14,839
    Nontaxable benefits
    $12,913
    Filer's total
    $162,492

  • Lauren Yamaoka

    SR. DIRECTOR OF DEV. & FOUNDATIONS

    Total calculated
    $138,719
    From this org
    $111,496
    From related orgs
    $0
    Other
    $27,223
    Hours/week
    40

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TFF PROPERTIES LLC

    REAL ESTATE LEASING ACTIVITIES · DE · income $0 · assets $24,267

    Directly controlled by THE FULLER FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FULLER FOUNDATION FUND LP

    INVESTMENTS · DE

  • EVANSTON DEVELOPMENT LLC

    INVESTMENTS · CA

  • FULLER PRIVATE EQUITY FUND LP

    EXCLUDED · INVESTMENTS · DE · 42.89% owned · share of income $65,628 · share of assets $1,756,007

    Directly controlled by FULLER INVESTMENT MANAGEMENT COMPANY

  • MISSION CORE FUND I LP

    EXCLUDED · INVESTMENTS · CJ · 37.01% owned · share of income $92,235 · share of assets $17,714,956

    Directly controlled by FULLER INVESTMENT MANAGEMENT COMPANY

  • FULLER ENDOWMENT FUND LLC

    EXCLUDED · INVESTMENTS · CA · 30.06% owned · share of income $1,516,678 · share of assets $37,988,749 · general or managing partner

    Directly controlled by THE FULLER FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FULLER INVESTMENT MANAGEMENT COMPANY

    C · INVESTMENT ADVISOR · DE · 100% owned · share of income $937,878 · share of assets $607,985 · controlled entity

    Directly controlled by THE FULLER FOUNDATION

  • FULLER ENDOWMENT FUND LTD

    C · PASSIVE INVESTMENT FUND · CJ · 20.15% owned · share of assets $9,177,399

    Directly controlled by MISSION CORE FUND I LP

  • CHARITABLE REMAINDER TRUSTS (4)

    T · SPLIT INTEREST CHARITABLE TRUST · CA · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202303179349305160

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