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Nonprofiteer
← JUST CAPITAL FOUNDATION INC

Form 990 for tax year 2023

Filed by JUST CAPITAL FOUNDATION INC.

Totals

Total revenue
$10,375,842
Total expenses
$12,540,775
Contributions and grants received
$9,588,336
Grants paid
$0
Program service revenue
$769,541
Investment income
$17,965
Other revenue
$0
Total assets, end of year
$4,243,276
Total liabilities, end of year
$2,746,143
Net assets or fund balances, end of year
$1,497,133
Program services expenses (Part IX)
$10,691,486
Management and general expenses
$1,233,905
Fundraising expenses
$615,384
Program service expenses (Part III)
$10,691,486

Program services were 85.3% 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

    $9,588,336

  • 2a · Program service revenue: LICENSE FEES

    total $439,799 · related or exempt $439,799

  • 2b · Program service revenue: SERVICE AGREEMENTS

    total $329,742 · related or exempt $329,742

  • 3 · Investment income

    total $17,965 · excluded $17,965

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,430,889 · program services $1,010,934 · management and general $303,996 · fundraising $115,959

  • 7 · Other salaries and wages

    total $6,612,576 · program services $5,820,599 · management and general $468,095 · fundraising $323,882

  • 8 · Pension plan contributions

    total $192,252 · program services $171,807 · management and general $12,811 · fundraising $7,634

  • 9 · Other employee benefits

    total $1,662,593 · program services $1,446,443 · management and general $141,847 · fundraising $74,303

  • 10 · Payroll taxes

    total $559,783 · program services $481,304 · management and general $53,001 · fundraising $25,478

  • 11b · Fees: legal

    total $13,040 · program services $13,040

  • 11c · Fees: accounting

    total $38,656 · management and general $38,656

  • 11g · Fees: other

    total $293,594 · program services $263,421 · management and general $30,173

  • 12 · Advertising and promotion

    total $213,500 · program services $213,500

  • 13 · Office expenses

    total $25,509 · program services $21,009 · management and general $3,054 · fundraising $1,446

  • 14 · Information technology

    total $547,029 · program services $481,530 · management and general $53,309 · fundraising $12,190

  • 16 · Occupancy

    total $609,617 · program services $524,197 · management and general $57,982 · fundraising $27,438

  • 17 · Travel

    total $64,452 · program services $44,046 · management and general $10,633 · fundraising $9,773

  • 19 · Conferences, conventions and meetings

    total $141,131 · program services $84,514 · management and general $47,612 · fundraising $9,005

  • 22 · Depreciation, depletion and amortization

    total $47,617 · program services $40,945 · management and general $4,529 · fundraising $2,143

  • 23 · Insurance

    total $33,233 · program services $28,576 · management and general $3,161 · fundraising $1,496

  • 24a · Other expenses: OTHER

    total $28,353 · program services $24,381 · management and general $2,696 · fundraising $1,276

  • 24b · Other expenses: RECRUITMENT & TRAINING

    total $16,051 · program services $13,802 · management and general $1,527 · fundraising $722

  • 24c · Other expenses: EQUIPMENT

    total $6,853 · program services $5,893 · management and general $652 · fundraising $308

  • 24d · Other expenses: REGISTRATION FEES

    total $2,250 · fundraising $2,250

  • 24e · All other expenses

    total $1,797 · program services $1,545 · management and general $171 · fundraising $81

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,557 · end of year $12,577

  • 2 · Savings and temporary cash investments

    beginning of year $2,042,766 · end of year $663,016

  • 3 · Pledges and grants receivable

    beginning of year $1,117,682 · end of year $1,246,367

  • 4 · Accounts receivable

    beginning of year $671,842 · end of year $74,865

  • 9 · Prepaid expenses and deferred charges

    beginning of year $209,262 · end of year $205,690

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

    $229,238

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

    $207,098

  • 10c · Land, buildings and equipment, net

    beginning of year $29,756 · end of year $22,140

  • 14 · Intangible assets

    beginning of year $216,667 · end of year $176,667

  • 15 · Other assets

    beginning of year $2,260,467 · end of year $1,841,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $320,285 · end of year $635,715

  • 19 · Deferred revenue

    beginning of year $93,769 · end of year $94,776

  • 25 · Other liabilities

    beginning of year $2,481,879 · end of year $2,015,652

  • 27 · Net assets without donor restrictions

    beginning of year $1,103,140 · end of year -$537,560

  • 28 · Net assets with donor restrictions

    beginning of year $2,558,926 · end of year $2,034,693

Mission and programs · 2023

Mission

JUST CAPITAL'S MISSION IS TO BUILD A MORE JUST ECONOMY THAT WORKS FOR ALL AMERICANS BY HELPING COMPANIES IMPROVE HOW THEY SERVE ALL THEIR STAKEHOLDERS - WORKERS, CUSTOMERS, COMMUNITIES, THE ENVIRONMENT, AND SHAREHOLDERS - AS DEFINED BY THE PUBLIC.

  • JUST CAPITAL IS THE ONLY INDEPENDENT NONPROFIT THAT TRACKS, ANALYZES, AND ENGAGES WITH LARGE CORPORATIONS AS WELL AS THEIR INVESTORS ON HOW THEY PERFORM ON THE PUBLIC'S PRIORITIES. OUR RESEARCH, RANKINGS, INDEXES, AND DATA-DRIVEN TOOLS EMPOWER ALL MARKET PARTICIPANTS TO HELP BUILD A MORE JUST ECONOMY. WE POLL AMERICANS EVERY YEAR TO IDENTIFY THE ISSUES THAT MATTER MOST IN DEFINING JUST BUSINESS BEHAVIOR TODAY. WE THEN DEFINE METRICS THAT MAP TO THOSE ISSUES AND TRACK AND ANALYZE THE LARGEST, PUBLICLY TRADED U.S. COMPANIES. SINCE 2015 WE'VE POLLED MORE THAN 165,000 AMERICANS ON THEIR PRIORITIES FOR CAPITALISM AND JUST BUSINESS BEHAVIOR. OUR SURVEY RESEARCH NOT ONLY PROVIDES A CLEAR ROADMAP FOR WHAT ISSUES MATTER MOST TO THE AMERICAN PUBLIC WHEN IT COMES TO JUST BUSINESS BEHAVIOR, BUT ALSO DETAILS TIMELY, RELEVANT INSIGHTS INTO AMERICAN SENTIMENTS INTO THE MOST CRITICAL ISSUES OF OUR TIME.IN 2023, WE TRACKED, ANALYZED, AND RANKED 937 COMPANIES ACROSS FIVE STAKEHOLDER GROUPS, 20 ISSUES, AND 236 DATA POINTS. OF THESE COMPANIES, 560 ARE REGISTERED FOR OUR CORPORATE PORTAL AND 389 ENGAGED WITH OUR DATA REVIEW PERIOD, REPRESENTING 18 MILLION WORKERS, NEARLY 12% OF THE TOTAL U.S. WORKFORCE. 77.6% OF RANKED COMPANY REPRESENTATIVES SURVEYED SAY THAT ENGAGING WITH JUST CAPITAL HAS HELPED INFORM THE IMPLEMENTATION OF, AND/OR PROMPTED INTERNAL CONVERSATION ABOUT, NEW POLICIES OR PRACTICES. WE WORKED WITH OVER 115 COMPANIES TO HELP THEM IMPROVE THEIR STAKEHOLDER PERFORMANCE. OUR ANNUAL RANKINGS OF AMERICA'S MOST JUST COMPANIES SHOWCASED THE COMPANIES AT THE FOREFRONT OF STAKEHOLDER-DRIVEN LEADERSHIP, TRACKING HOW CORPORATE LEADERS DELIVERED VALUE TO ALL THEIR STAKEHOLDERS INCLUDING THEIR WORKERS, CUSTOMERS, COMMUNITIES, SHAREHOLDERS, AND THE ENVIRONMENT. IN 2021, WE LAUNCHED A NEW, EXPANSIVE PARTNERSHIP WITH CNBC WHICH INCLUDES THE EXCLUSIVE RIGHTS TO PUBLISH THE JUST 100 LIST OF COMPANIES LEADING OUR RANKING OF AMERICA'S MOST COMPANIES, AS WELL AS ONGOING PROFILES AND SEGMENTS THAT ELEVATE ESG DATA AND STAKEHOLDER METRICS ON PAR WITH TRADITIONAL FINANCIAL METRICS TO DEFINE WHAT GOOD LOOKS LIKE REGARDING CORPORATE PERFORMANCE TODAY. IN ADDITION TO THE RANKINGS, THROUGHOUT 2023 WE BUILT OUT DATA-DRIVEN INSIGHTS AND PROGRAMMATIC INITIATIVES, PARTNERSHIPS, AND PRODUCTS TO DIRECTLY ENCOURAGE AND SUPPORT CORPORATIONS TO ADOPT MORE JUST BUSINESS PRACTICES. BELOW ARE KEY HIGHLIGHTS: THROUGHOUT 2023, WE HAVE BEEN EXPERIMENTING AND LEARNING FROM OUR PROGRAMMATIC INITIATIVES AS WE PREPARE FOR THE PUBLIC LAUNCH OF OUR CORPORATE IMPACT LAB, A BUSINESS-LED PLATFORM WHERE APPLIED RESEARCH MEETS CORPORATE ACTION. CORPORATE EXECUTIVES ARE INVITED TO ENGAGE WITH JUST CAPITAL'S EXTENSIVE NETWORK OF CROSS-SECTOR EXPERTS TO TACKLE CONSEQUENTIAL ISSUES (LEVERAGING JUST'S UNIQUE DATASETS, STAKEHOLDER FRAMEWORKS, RESEARCH CAPABILITY, PRODUCTS, AND ROBUST NETWORK OF PEERS AND IMPACT PARTNERS). THE LAB PARTNERS WITH EXECUTIVE DECISION-MAKERS AT THE HELM OF THE LARGEST CORPORATIONS IN AMERICA TO DELIVER VALUE FOR KEY STAKEHOLDERSINCLUDING WORKERS, COMMUNITIES, CUSTOMERS, AND THE ENVIRONMENTWHILE LEVERAGING THEIR SIGNIFICANT MARKET INFLUENCE TO SCALE CORPORATE BEHAVIOR CHANGE. THIS PLATFORM SUPPORTS OUR THREE-YEAR IMPACT GOAL TO GENERATE DIRECT OUTCOMES FOR 5 MILLION WORKERS THROUGH IMPROVED PERFORMANCE ON INTERRELATED ELEMENTS OF JOB QUALITY, INCLUDING FINANCIAL WELLNESS, EQUITY AND MOBILITY, AND ACCESS TO CARE BENEFITS. THIS NEXT PHASE OF OUR WORK BUILDS ON JUST CAPITAL'S WORKER FINANCIAL WELLNESS INITIATIVE, WHICH HAS COALESCED 15 LARGE COMPANIES, COLLECTIVELY REPRESENTING 1.2 MILLION WORKERS, TO IMPLEMENT MEASURABLE CHANGES THAT MATERIALLY IMPROVE WORKFORCE WELL-BEING. THIS WORK HAS BEEN A MAJOR FOCUS OF JUST CAPITAL, INCLUDING HOSTING THESE AND OTHER LARGE EMPLOYERS FOR CONVENINGS TO TALK ABOUT SPECIFIC ACTIONS THEY ARE TAKING TO SUPPORT THEIR WORKFORCE. JUST CAPITAL ALSO PLANNED THE LAUNCH OF ITS FIRST JUST JOBS SCORECARD, A DATA-DRIVEN TOOL THAT PINPOINTS WHERE RUSSELL 1000 COMPANIES ARE DOING WELL ON INTERRELATED ELEMENTS OF JOB QUALITY AND WHERE THEY HAVE ROOM TO IMPROVE. WE SHARED IT WITH CORPORATE LEADERS TO GATHER THEIR INPUT ON USE CASES ALONG WITH THE INPUT OF ISSUE EXPERTS, ACADEMICS, AND OTHER CROSS-SECTOR LEADERS. THE SCORECARD WILL SERVE AS A SIGNIFICANT FUNNEL THROUGH WHICH COMPANIES WILL ENGAGE MORE CLOSELY WITH OUR TEAM TO TAKE STEPS TOWARD GREATER INVESTMENT IN THEIR WORKERS. THIS WILL BE A CRITICAL TOOL FOR DRIVING PROGRESS, ESPECIALLY IN LIGHT OF OUR RECENT ANALYSIS THAT MORE THAN 36% OF R1000 WORKERS DO NOT MAKE A FAMILY-SUSTAINING LIVING WAGE. DEMONSTRATING THE INVESTOR CASE: JUST CAPITAL ALSO HELPS DRIVE CAPITAL TOWARD MORE JUST COMPANIES THROUGH DEVELOPING INVESTMENT PRODUCTS, CONVENING INVESTORS FOR TIMELY CONVERSATIONS, AND DEMONSTRATING THE CONNECTION BETWEEN STAKEHOLDER PERFORMANCE AND MARKET PERFORMANCE. AS OF 2024, OUR SUITE OF PRODUCTS REPRESENTED A TOTAL OVER $400 MILLION IN AUM ACROSS 8 DIFFERENT INVESTMENT PRODUCTS USING JUST CAPITAL DATA. OUR FLAGSHIP INDEX THE JUST U.S. LARGE CAP DIVERSIFIED INDEX (JULCD) WHICH INCLUDES THE TOP 50% OF RUSSELL 1000 COMPANIES WE RANK, HAS OUTPERFORMED THE RUSSELL 1000 BY 8.7% SINCE ITS 2018 INCEPTION THROUGH DECEMBER 31, 2023, AND POWERS GOLDMAN SACHS ASSET MANAGEMENT'S JUST ETF. OUR JUST 100 INDEX (JUONE), WHICH TRACKS THE TOP 100 COMPANIES IN OUR RANKINGS OF AMERICA'S MOST JUST COMPANIES, HAS ALSO OUTPERFORMED THE RUSSELL 1000 BY 4.06% SINCE INCEPTION THROUGH DECEMBER 31, 2023. SHIFTING THE NARRATIVE: ACROSS BROADCAST, DIGITAL, AND EVENTS PLATFORMS WE ARE EXPANDING OUR REACH AND INFLUENCE WITH THE TOP BUSINESS AND FINANCIAL LEADERS IN AMERICA HELPING REDEFINE BUSINESS LEADERSHIP AND INSPIRE COMPANIES TO TAKE ACTION. IN 2023, WE CONTINUED TO HIGHLIGHT THE LEADERSHIP OF THE JUST 100 COMPANIES THROUGH OUR MEDIA PARTNERSHIP WITH CNBC. THROUGH OUR EXCLUSIVE PARTNERSHIP, WE'RE LIFTING UP OUR UNIQUE POLLING INSIGHTS, PUTTING CORPORATE STAKEHOLDER PERFORMANCE METRICS ON PAR WITH TRADITIONAL MARKETS DATA, AND SHOWCASING WHAT GOOD LOOKS LIKE THROUGH JUST CEO INTERVIEWS, REACHING AN AUDIENCE OF 547 MILLION BUSINESS LEADERS AND INVESTORS ACROSS CNBC'S PLATFORMS EACH MONTH. BETWEEN MEDIA COVERAGE FROM CNBC AND OTHER LEADING OUTLETS LIKE BLOOMBERG, FORTUNE, WALL STREET JOURNAL, INSIDER, AND REUTERS, JUST REACHED OVER 1,100 CUMULATIVE PRESS HITS SINCE IN 2023 UP BY 253% FROM 2017.OVERALL 2023 HIGHLIGHTS INCLUDE: 120 PRESS HIGHLIGHTS 124 EDITORIAL BYLINES 1,133,000 PAGEVIEWS 15,000+ SUBSCRIBERS TO THE JUST REPORT 308 DONORS JUST CAPITAL POLLING HAS SHOWN A GROWING DESIRE FOR ACCOUNTABILITY, TRANSPARENCY, AND ACTION FROM CORPORATE AMERICA. THROUGHOUT THE COMING YEAR, JUST'S RESEARCH, POLLING, ANALYSIS, AND PROGRAMS WILL WORK TO INCENTIVIZE, GUIDE, AND SUPPORT COMPANIES' EFFORTS TO REBUILD TRUST WITH THEIR STAKEHOLDERS. WE'LL BE ESPECIALLY FOCUSED ON WORKERS, HELPING ENSURE ALL JOBS OFFER FAIR PAY, OPPORTUNITY FOR GROWTH, AND A FOCUS ON EQUITY FOR EMPLOYEES.

    Expenses $10,691,486 · Revenue $774,541

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ABIGAIL DISNEY

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5
  • ALAN H FLEISCHMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • AMY LIU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • ANDREA JUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • ANNETTE NAZARETH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • ARIANNA HUFFINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • DAN ARIELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • DAN HESSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • DAVID KAMENETZKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • HOLLY GORDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • JAMES P STEYER

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5
  • JASON WINGARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • JEAN OELWANG

    SECRETARY & DIR (OUTGOING)

    Total calculated
    $0
    Hours/week
    2
  • JEFFREY WALKER

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    2
  • JIM BILDNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • JOHN ROGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • KIP TINDELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • LAUREL BRITTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • MARC H MORIAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • MARK WEINBERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • MICHAEL WEINSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • MINDY LUBBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • PAT RUSSO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • PAUL SCIALLA

    DIRECTOR (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.5
  • PAUL T JONES II

    CHAIRMAN, PRESIDENT & DIR

    Total calculated
    $0
    Hours/week
    4
  • PETER GEORGESCU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • RAY CHAMBERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • RINALDO BRUTOCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • ROBERT DEUTSCH

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • ROOSEVELT GILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • SUSHMITA BANERJEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • XAVIER DE SOUZA BRIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • ALISON OMENS

    PRESIDENT

    Total calculated
    $352,192
    From this org
    $280,940
    From related orgs
    $0
    Other
    $71,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,500
    Bonus
    $10,000
    Other
    $440
    Deferred
    $11,018
    Nontaxable benefits
    $60,234
    Filer's total
    $352,192
  • MARTIN WHITTAKER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $773,063
    From this org
    $700,440
    From related orgs
    $0
    Other
    $72,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $500,000
    Bonus
    $200,000
    Other
    $440
    Deferred
    $20,018
    Nontaxable benefits
    $52,605
    Filer's total
    $773,063
  • TERESA YUNG

    CHIEF FIN. AND OPERATIONS

    Total calculated
    $305,634
    From this org
    $264,764
    From related orgs
    $0
    Other
    $40,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,344
    Bonus
    $2,000
    Other
    $420
    Deferred
    $10,427
    Nontaxable benefits
    $30,443
    Filer's total
    $305,634
  • CAMBRIA ALLEN-RATZLAFF

    MANAGING DIR. & HEAD OF INVESTOR STRATEGIES

    Total calculated
    $300,730
    From this org
    $235,420
    From related orgs
    $0
    Other
    $65,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,000
    Bonus
    $0
    Other
    $420
    Deferred
    $9,417
    Nontaxable benefits
    $55,893
    Filer's total
    $300,730
  • MICHELLE MULLINEAUX

    CHIEF COMM & MKTNG (OUTGOING)

    Total calculated
    $304,412
    From this org
    $256,440
    From related orgs
    $0
    Other
    $47,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,000
    Bonus
    $0
    Other
    $1,440
    Deferred
    $9,363
    Nontaxable benefits
    $38,609
    Filer's total
    $304,412
  • MOHAMMAD TAHIR KHAN

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $335,507
    From this org
    $266,940
    From related orgs
    $0
    Other
    $68,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,500
    Bonus
    $4,000
    Other
    $440
    Deferred
    $10,618
    Nontaxable benefits
    $57,949
    Filer's total
    $335,507
  • ROBERT MARSH

    CHIEF INFORMATION OFFICER (OUTGOING)

    Total calculated
    $313,514
    From this org
    $263,525
    From related orgs
    $0
    Other
    $49,989
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,223
    Bonus
    $0
    Other
    $54,302
    Deferred
    $0
    Nontaxable benefits
    $49,989
    Filer's total
    $313,514
  • TOLU LAWRENCE

    MANAGING DIR, PROGRAMS & PARTNERSHIPS

    Total calculated
    $289,317
    From this org
    $222,275
    From related orgs
    $0
    Other
    $67,042
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,375
    Bonus
    $7,500
    Other
    $400
    Deferred
    $8,649
    Nontaxable benefits
    $58,393
    Filer's total
    $289,317

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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 4A
ROB MARSH - RECEIVED SEVERANCE TOTALING $53,914 IN 2023. AN ADDITIONAL $35,539 WAS ACCRUED IN 2023 BUT PAID IN 2024 (INCLUDES COBRA PAYMENTS AND DIRECT SEVERANCE PAYMENTS). MICHELLE MULLINEAUX - $1,000 WAS PAID AS AN INITIAL SEVERANCE PAYMENT IN 2023. AN ADDITIONAL $100,844 WAS ACCRUED IN 2023 BUT PAID IN 2024 (INCLUDES COBRA PAYMENTS AND DIRECT SEVERANCE PAYMENTS).
PART I, LINE 7
THE BOARD OF DIRECTORS APPROVED THE BONUS FOR MARTIN WHITTAKER AND THE CEO APPROVED THE BONUSES FOR THE OFFICERS AND KEY EMPLOYEES.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 August 2024
IRS schema version
2023v5.1
Source object
202402399349300855

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