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Nonprofiteer
← FIDELITY NON-PROFIT MANAGEMENT FOUNDATION

Form 990 for tax year 2023

Filed by FIDELITY NON-PROFIT MANAGEMENT FOUNDATION.

Totals

Total revenue
$279,618,620
Total expenses
$102,992,015
Contributions and grants received
$22,942,424
Grants paid
$96,569,000
Program services expenses (Part IX)
$102,277,322
Management and general expenses
$714,693
Fundraising expenses
$0
Program service expenses (Part III)
$102,277,322

Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SUSAN HOCKFIELD

    DIRECTOR

    Total calculated
    $472,785
    From this org
    $25,000
    From related orgs
    $447,785
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $25,000 + $447,785 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $25,000 + $447,785 related

  • JOHN PALFREY

    DIRECTOR (AS OF 3/2023)

    Total calculated
    $45,000
    From this org
    $25,000
    From related orgs
    $20,000
    Other
    $0
    Hours/week
    5

  • ROBERT A RADLOFF

    DIRECTOR & VP

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • EDWARD C JOHNSON IV

    DIRECTOR & CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH L JOHNSON

    DIRECTOR (AS OF 11/2023)

    Total calculated
    $0
    Hours/week
    5

  • ELIZABETH B JOHNSON

    DIRECTOR (THRU 11/2023)

    Total calculated
    $0
    Hours/week
    5

  • CHRISTOPHER J MCKOWN

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • MAURA MARX

    PRESIDENT

    Total calculated
    $528,968
    From this org
    $513,975
    From related orgs
    $0
    Other
    $14,993
    Hours/week
    21

    Schedule J breakdown matched by us

    Base
    $239,313
    Bonus
    $274,662
    Other
    $0
    Deferred
    $7,967
    Nontaxable benefits
    $7,026
    Filer's total
    $528,968

  • KEVIN SAUNDERS

    ASST SECRETARY

    Total calculated
    $213,951
    From this org
    $176,085
    From related orgs
    $0
    Other
    $37,866
    Hours/week
    19

    Schedule J breakdown matched by us

    Base
    $136,220
    Bonus
    $39,865
    Other
    $0
    Deferred
    $24,623
    Nontaxable benefits
    $13,243
    Filer's total
    $213,951

  • DANIEL M ARDITO

    TREASURER

    Total calculated
    $196,552
    From this org
    $163,380
    From related orgs
    $0
    Other
    $33,172
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $98,100
    Bonus
    $65,280
    Other
    $0
    Deferred
    $22,200
    Nontaxable benefits
    $10,972
    Filer's total
    $196,552

  • LYDIA BERGEN

    VP, OPERATIONS

    Total calculated
    $245,515
    From this org
    $214,045
    From related orgs
    $0
    Other
    $31,470
    Hours/week
    21

    Schedule J breakdown matched by us

    Base
    $129,997
    Bonus
    $84,048
    Other
    $0
    Deferred
    $28,583
    Nontaxable benefits
    $2,887
    Filer's total
    $245,515

  • CAROLINE NOLAN

    PROGRAM DIRECTOR

    Total calculated
    $279,415
    From this org
    $230,784
    From related orgs
    $0
    Other
    $48,631
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $181,984
    Bonus
    $48,800
    Other
    $0
    Deferred
    $26,183
    Nontaxable benefits
    $22,448
    Filer's total
    $279,415

  • CANDACE TEBBENKAMP

    SR PROG OFFICER, MEDICAL SCI&HEALTH

    Total calculated
    $244,896
    From this org
    $204,553
    From related orgs
    $0
    Other
    $40,343
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $197,102
    Bonus
    $0
    Other
    $7,451
    Deferred
    $13,248
    Nontaxable benefits
    $27,095
    Filer's total
    $244,896

  • KEVIN DA SILVA

    DIR, MEDICAL SCIENCE & HEALTH

    Total calculated
    $199,345
    From this org
    $190,483
    From related orgs
    $0
    Other
    $8,862
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $66,733
    Bonus
    $0
    Other
    $123,750
    Deferred
    $5,028
    Nontaxable benefits
    $3,834
    Filer's total
    $199,345

  • LISA BEVILAQUA

    PROGRAM DIRECTOR, ARTS & CULTURE

    Total calculated
    $183,360
    From this org
    $171,942
    From related orgs
    $0
    Other
    $11,418
    Hours/week
    21

    Schedule J breakdown matched by us

    Base
    $132,826
    Bonus
    $39,116
    Other
    $0
    Deferred
    $4,635
    Nontaxable benefits
    $6,783
    Filer's total
    $183,360

  • GLORIA LOPEZ

    SR PROGRAM OFFICER, EDUCATION

    Total calculated
    $215,142
    From this org
    $208,213
    From related orgs
    $0
    Other
    $6,929
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $152,078
    Bonus
    $17,366
    Other
    $38,769
    Deferred
    $4,749
    Nontaxable benefits
    $2,180
    Filer's total
    $215,142

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION ENGAGES FFSP LLC IN A COST SHARING ARRANGEMENT TO PROVIDE STAFF, ADMINISTRATIVE AND PROGRAM MANAGEMENT SUPPORT. FFSP ENTERED INTO WRITTEN COMPENSATION AGREEMENTS WITH ALL OF ITS EMPLOYEES ON THE DATE OF HIRE. THE COMPENSATION IN THE AGREEMENTS WERE ALL BASED ON THIRD-PARTY COMPARABILITY DATA COMPILED AND UPDATED IN 2023. IN 2023, THE FFSP COMPENSATION COMMITTEE RELIED ON THE SAME COMPARABILITY DATA WHEN MAKING YEAR END SALARY ADJUSTMENTS, DETERMINING YEAR-END BONUSES, AND AWARDING LONG-TERM COMPENSATION FOR 2023. AS A RESULT, THE PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT, TREASURER & ASSISTANT SECRETARY INCLUDED THE FOLLOWING: (1) PRIOR TO ENTERING INTO SUCH ARRANGEMENTS, APPROPRIATE COMPARABILITY DATA WAS OBTAINED AND USED, AND SUCH ARRANGEMENT WAS THEN REVIEWED AND APPROVED BY THE APPROPRIATE COMPENSATION COMMITTEE, OF WHICH ONLY INDEPENDENT PERSONS VOTED; AND (2) MINUTES FOR COMPENSATION COMMITTEE MEETINGS WERE PREPARED, PROVIDING CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION BY NOTING THE TERMS OF THE ARRANGEMENT AND DATE IT WAS APPROVED, THE COMMITTEE MEMBERS WHO WERE PRESENT AND THOSE WHO VOTED ON IT, AND THE COMPARABILITY DATA OBTAINED AND RELIED UPON BY THE COMMITTEE. SEE SCHEDULE O.
PART I, LINE 4A
IN CONNECTION WITH THEIR DEPARTURE, THREE LISTED INDIVIDUALS RECEIVED SALARY CONTINUATION. THE AMOUNTS PAID IN 2023 ARE INCLUDED ON SCHEDULE J, PART II, LINE B(III).
PART I, LINE 7
THE ORGANIZATION PROVIDED NON-FIXED PAYMENTS TO CERTAIN INDIVIDUALS REPORTED ON SCHEDULE J IN THE FORM OF A BONUS WHICH REFLECTED REASONABLE COMPENSATION. THE BONUS WAS NOT TIED TO THE NET REVENUES OF THE ORGANIZATION NOR WAS A JOINT VENTURE PRESENT. THE COMPENSATION COMMITTEE APPROVED AN EMPLOYMENT CONTRACT WITH THE EXECUTIVES THAT INCLUDED A YEAR END BONUS WITH A SPECIFIED CAP ON THE AMOUNT, THE COMPENSATION COMMITTEE HAS ESTABLISHED A REBUTTABLE PRESUMPTION AS TO THE NONFIXED PAYMENT WHEN THE EMPLOYMENT CONTRACT WAS ENTERED INTO BY, IN EFFECT, ASSUMING THAT THE MAXIMUM AMOUNT PAYABLE UNDER THE CONTRACT WOULD BE PAID, AND SATISFYING THE REQUIREMENTS GIVING RISE TO THE REBUTTABLE PRESUMPTION FOR THAT MAXIMUM AMOUNT. 26 C.F.R. 53.4958-6(D)(2)

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.

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
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202423029349300122

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.