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Nonprofiteer
← MOTLEY FOOL FOUNDATION

Form 990 for tax year 2024

Filed by MOTLEY FOOL FOUNDATION.

Totals

Total revenue
$1,881,302
Total expenses
$1,954,651
Contributions and grants received
$309,370
Grants paid
$44,731
Program service revenue
$0
Investment income
$1,571,932
Other revenue
$0
Total assets, end of year
$11,944,305
Total liabilities, end of year
$306,011
Net assets or fund balances, end of year
$11,638,294
Program services expenses (Part IX)
$1,051,902
Management and general expenses
$665,505
Fundraising expenses
$237,244
Program service expenses (Part III)
$1,051,902

Program services were 53.8% 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

    $309,370

  • 3 · Investment income

    total $269,820 · excluded $269,820

  • 7a · Gross sales of assets other than inventory

    securities $14,025,951

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

    securities $12,723,839

  • 7c · Gain or loss

    securities $1,302,112

  • 7d · Net gain or loss

    total $1,302,112 · excluded $1,302,112

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,731 · program services $44,731

  • 5 · Compensation of officers, directors and key employees

    total $396,458 · program services $172,500 · management and general $149,815 · fundraising $74,143

  • 11b · Fees: legal

    total $13,555 · program services $1,274 · management and general $12,281

  • 11c · Fees: accounting

    total $103,157 · management and general $103,157

  • 11f · Fees: investment management

    total $56,248 · management and general $56,248

  • 11g · Fees: other

    total $674,817 · program services $483,997 · management and general $55,000 · fundraising $135,820

  • 12 · Advertising and promotion

    total $119,619 · program services $16,400 · management and general $103,219

  • 13 · Office expenses

    total $1,684 · program services $62 · management and general $1,557 · fundraising $65

  • 14 · Information technology

    total $161,849 · program services $11,789 · management and general $125,781 · fundraising $24,279

  • 16 · Occupancy

    total $1,945 · program services $552 · management and general $898 · fundraising $495

  • 17 · Travel

    total $16,364 · program services $4,083 · management and general $12,254 · fundraising $27

  • 19 · Conferences, conventions and meetings

    total $1,605 · program services $1,118 · management and general $487

  • 22 · Depreciation, depletion and amortization

    total $26,335 · management and general $26,335

  • 23 · Insurance

    total $7,358 · management and general $7,358

  • 24a · Other expenses: CONTRACTED PROGRAM DEVE

    total $315,313 · program services $315,313

  • 24b · Other expenses: BANK FEES

    total $9,534 · program services $83 · management and general $7,036 · fundraising $2,415

  • 24c · Other expenses: COMPLIANCE FILING FEES

    total $2,952 · management and general $2,952

  • 24d · Other expenses: INVESTMENT TAXES

    total $1,127 · management and general $1,127

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,088,531 · end of year $1,117,011

  • 3 · Pledges and grants receivable

    beginning of year $701,393 · end of year $673,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,654 · end of year $34,060

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

    $101,346

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

    $80,186

  • 10c · Land, buildings and equipment, net

    beginning of year $47,495 · end of year $21,160

  • 11 · Investments: publicly traded securities

    beginning of year $10,294,964 · end of year $9,819,810

  • 12 · Investments: other securities

    beginning of year $287,018 · end of year $278,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $301,049 · end of year $44,284

  • 18 · Grants payable

    beginning of year $570,519 · end of year $200,000

  • 25 · Other liabilities

    beginning of year $64,275 · end of year $61,727

  • 27 · Net assets without donor restrictions

    beginning of year $11,858,118 · end of year $11,242,790

  • 28 · Net assets with donor restrictions

    beginning of year $673,094 · end of year $395,504

Mission and programs · 2024

Mission

WITH A VISION OF "FINANCIAL FREEDOM FOR ALL, AND A MISSION "TO CREATE PATHWAYS TO FINANCIAL FREEDOM FOR THOSE LIVING PAYCHECK-TO-PAYCHECK," THE FOUNDATION CREATES IMPACT BY HELPING MORE AMERICANS GET ON THE PATH TO FINANCIAL FREEDOM AND BECOME THEIR GREATEST FINANCIAL SELVES.

Activities or mission (Part I)

OUR MISSION IS TO CREATE PATHWAYS TO FINANCIAL FREEDOM FOR THOSE LIVING PAYCHECK TO PAYCHECK.

  • AT THE FOOL COMMUNITY FOUNDATION, WE BELIEVE INVESTING IS ONE OF THE MOST POWERFUL WAYS TO BUILD WEALTH AND FINANCIAL FREEDOM. THE FREEDOMETER WILL BE AN INTERACTIVE, EASY-TO-USE ONLINE RESOURCE THAT BREAKS DOWN CORE INVESTING CONCEPTS INTO APPROACHABLE, BITE-SIZED LESSONS. OUR GOAL IS TO HELP EVERY LEARNER NO MATTER THEIR STARTING POINT FEEL CONFIDENT THAT INVESTING IS SOMETHING THEY CAN GENUINELY DO.THE FIRST PHASE IN FY24 INCLUDED CREATING THE INITIAL MODEL, CONDUCTING BETA TESTS, COLLECTING TEST-USER FEEDBACK, AND GENERATING IDEAS FOR FURTHER DEVELOPMENT. THE SECOND PHASE IN FY25 INCLUDED FURTHER PRODUCT DEVELOPMENT, CONTENT CREATION, AND MULTIPLE ROUNDS OF FOCUS GROUP TESTING.DEVELOPMENT WILL CONTINUE IN FY26, AND THE TOOL WILL ULTIMATELY BE PROVIDED TO THE PUBLIC, EDUCATIONAL INSTITUTIONS, AND BUSINESS USERS.

    Expenses $589,583

  • THE FOUNDATION CREATED A VENTURE PHILANTHROPY IMPACT FUND, THE IF FUND, TO ACCELERATE AND EXPAND PROGRAMMING WITH OTHER VETTED 501(C) (3) ORGANIZATIONS.FOR THE FUND, THE FOUNDATION APPLIES A VENTURE CAPITAL APPROACH TO FIND AND SUPPORT OTHER INNOVATIVE, DEVELOPING NONPROFITS.THE FOUNDATION IDENTIFIES "DIAMONDS IN THE ROUGH," EARLY-STAGE NONPROFITS AGED 1-10 YEARS THAT ARE TRANSITIONING FROM SUCCESSFUL STARTUPS TO ESTABLISHED ORGANIZATIONS AND HAVE INNOVATIVE MODELS FOR LARGE-SCALE IMPACT. CANDIDATES ARE SOURCED FROM THE PUBLIC AND OTHER SOURCES, VETTED BY MULTIPLE TEAM MEMBERS, AND REVIEWED AND APPROVED BY A BOARD COMMITTEE AND THE FULL BOARD.DURING EACH OF THE THREE YEARS OF OUR FORMAL ENGAGEMENT, THE APPROVED ORGANIZATIONS ARE AWARDED A $300,000 UNRESTRICTED GRANT, DELIVERED IN $100,000 ANNUAL INSTALLMENTS. INITIAL GRANTS WERE AWARDED IN FY24. BY CREATING A SOLID FOUNDATION FOR THE FUTURE, IMPACTFOOL (IF) NONPROFITS CAN CONFIDENTLY EMBRACE GROWTH OPPORTUNITIES AND REALIZE THEIR TRUE POTENTIAL TO DELIVER MAXIMUM IMPACT AT SCALE.THE FOUNDATION PROVIDES EACH ORGANIZATION WITH IF SCALING PARTNERS: MEMBERS OF OUR TEAM WITH EXPERTISE IN NONPROFIT MANAGEMENT AND SOCIAL IMPACT. THE PARTNERS WORK WITH THE CHOSEN NONPROFIT'S LEADERSHIP TO ADDRESS IDENTIFIED NEEDS, LEVERAGING EXPERTISE FROM THE MOTLEY FOOL STAFF, MEMBERS, AND OUTSIDE EXPERTS. WORK WITH THE IF SCALING PARTNERS FOR THE INITIAL FY24 GRANTEES WAS ONGOING THROUGHOUT FY25. ADDITIONAL GRANTEES WILL BE SCREENED AND GIVEN AWARDS IN FY26.

    Expenses $452,095 · Grants $44,481

  • OTHER PROGRAM EXPENSES INCLUDED SMALL GRANTS TO OTHER 501C3 ORGANIZATIONS THAT WORK TO PROMOTE FINANCIAL FREEDOM AND FOR DISASTER RELIEF AND OTHER NON-RECURRING ADVERSE EVENTS.

    Expenses $10,224 · Grants $250

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Gardner

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 9 related

  • Ollen Douglass

    FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Margaret Gardner

    GOVERNANCE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Hungenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Sierra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Bernita Bailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Neil Grayson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Buddington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • George Khalaf

    EXECUTIVE DIRECTOR

    Total calculated
    $265,779
    From this org
    $218,644
    From related orgs
    $0
    Other
    $47,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,113
    Bonus
    $1,000
    Other
    $9,531
    Deferred
    $12,875
    Nontaxable benefits
    $34,260
    Filer's total
    $265,779

  • Tee-Era Turner

    SECRETARY

    Total calculated
    $142,610
    From this org
    $128,541
    From related orgs
    $0
    Other
    $14,069
    Hours/week
    40

  • Jeff Haslow

    TREASURER

    Total calculated
    $0
    Hours/week
    20 + 30 related

  • Jennifer Gennaro Oxley

    EXECUTIVE DIRECTOR (TO 9/24)

    Total calculated
    $281,270
    From this org
    $248,425
    From related orgs
    $0
    Other
    $32,845
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $174,067
    Bonus
    $1,000
    Other
    $73,358
    Deferred
    $10,542
    Nontaxable benefits
    $22,303
    Filer's total
    $281,270

  • Jackie Leach

    MAJOR GIFTS OFFICER (TO 5/2024)

    Total calculated
    $128,096
    From this org
    $120,701
    From related orgs
    $0
    Other
    $7,395
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $112,023
    Bonus
    $1,000
    Other
    $7,678
    Deferred
    $3,214
    Nontaxable benefits
    $4,181
    Filer's total
    $128,096

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
ALL PERSONS REPORTED AS RECEIVING COMPENSATION ON THIS RETURN ARE ELIGIBLE FOR TAX GROSS-UP PAYMENTS, WHICH ARE INCLUDED IN TAXABLE COMPENSATION.
PART I, LINES 4A-C
4A: JENNIFER GENNARO OXLEY, $53,727 4B: ALL PERSONS BELOW PARTICIPATED IN AN EQUITY-BASED COMPENSATION ARRANGEMENT: -GEORGE KHALAF: $5,880 -TEE-ERA TURNER: $41,700
PART I, LINE 7
DURING CALENDAR YEAR 2024, THE FOLLOWING INDIVIDUALS RECEIVED A $1,000 NON-FIXED BONUS: GEORGE KHALAF, TEE-ERA TURNER, JENNIFER GENNARO OXLEY, JACKIE LEACH. ALL WERE DISCRETIONARY SPOT BONUSES DETERMINED BY THE EMPLOYEE'S DIRECT SUPERVISOR BASED ON A SPECIFIC RECOGNITION EVENT AND DETERMINED AFTER THE FACT. THEY ARE NOT CONTINGENT ON PERFORMANCE OR OTHER CRITERIA.

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

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.

  • THE MOTLEY FOOL LLC

    FINANCIAL PUBLISHING · DE

    Directly controlled by THE MOTLEY FOOL HOLDINGS INC

Related corporations and trusts

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

  • THE MOTLEY FOOL HOLDINGS INC

    C · PARENT - HOLDING COMPANY · DE

Provenance

Return type
form_990
Tax year
2024
Filed
2 February 2026
IRS schema version
2024v5.5
Source object
202620339349301752

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