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Nonprofiteer
← FUND FOR PUBLIC SCHOOLS INC

Form 990 for tax year 2023

Filed by FUND FOR PUBLIC SCHOOLS INC.

Totals

Total revenue
$44,624,645
Total expenses
$35,070,147
Contributions and grants received
$42,806,815
Grants paid
$33,651,665
Program services expenses (Part IX)
$33,651,665
Management and general expenses
$826,176
Fundraising expenses
$592,306
Program service expenses (Part III)
$33,651,665

Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID BANKS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • DENNIS WILLIAMS

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • ANDY KAPLAN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KATHRYN WYLDE

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • AYAH BDEIR

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JONATHAN D HARBER

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FRED WILSON

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRIS EMDIN

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN COCKRELL

    CEO

    Total calculated
    $244,267
    From this org
    $214,370
    From related orgs
    $0
    Other
    $29,897
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $214,370
    Bonus
    $0
    Other
    $0
    Deferred
    $8,600
    Nontaxable benefits
    $21,297
    Filer's total
    $244,267

  • AURELIA HOGAN

    CHIEF OF STAFF

    Total calculated
    $158,230
    From this org
    $149,478
    From related orgs
    $0
    Other
    $8,752
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $149,478
    Bonus
    $0
    Other
    $0
    Deferred
    $7,500
    Nontaxable benefits
    $1,252
    Filer's total
    $158,230

  • ALVIN SINCKLER

    CFO

    Total calculated
    $177,157
    From this org
    $156,112
    From related orgs
    $0
    Other
    $21,045
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $156,112
    Bonus
    $0
    Other
    $0
    Deferred
    $8,077
    Nontaxable benefits
    $12,968
    Filer's total
    $177,157

  • MARGARET S DOLLAN

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $161,212
    From this org
    $152,798
    From related orgs
    $0
    Other
    $8,414
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $152,798
    Bonus
    $0
    Other
    $0
    Deferred
    $7,662
    Nontaxable benefits
    $752
    Filer's total
    $161,212

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 — 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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE PRIMARY OBJECTIVE IS A STRATEGIC COMPENSATION SYSTEM LINKING ORGANIZATIONAL OBJECTIVES AND BUSINESS METRICS WHILE BALANCING THE EXPECTATIONS OF THE EMPLOYEES AND COSTS TO THE FUND. THE FUND USES COMPARABLE NONPROFIT ORGANIZATIONS AS A BENCHMARK, IN ADDITION TO INFORMATION FROM ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NONPROFIT COMPENSATION SURVEYS AS A SUPPLEMENT. IN GENERAL, COMPENSATION IS DESIGNED TO BE FLUID AND FLEXIBLE ACCOUNTING FOR EXPERIENCE, PERFORMANCE AND THE CURRENT BUSINESS NEED TO ATTRACT AND RETAIN SPECIFIC TALENT. SPECIFICALLY, THE AUDIT COMMITTEE PROVIDES OVERSIGHT TO THE COMPENSATION AND BENEFITS OF THE CEO, CFO, SELECTED KEY EXECUTIVES AND RECOMMENDATIONS FOR MANAGEMENT SUCCESSION.

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349312120

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