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Nonprofiteer
← BIG SHOULDERS FUND

Form 990 for tax year 2024

Filed by BIG SHOULDERS FUND.

Totals

Total revenue
$53,155,887
Total expenses
$54,884,867
Contributions and grants received
$42,507,854
Grants paid
$41,830,502
Program services expenses (Part IX)
$51,665,619
Management and general expenses
$1,863,492
Fundraising expenses
$1,355,756
Program service expenses (Part III)
$51,665,619

Program services were 94.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • John Croghan

    Vice Chairman

    Total calculated
    $0
    Hours/week
    1

  • Kenneth J Velo

    Co-Chairman

    Total calculated
    $0
    Hours/week
    25

  • Kent Dauten

    Co-Chairman

    Total calculated
    $0
    Hours/week
    15

  • Arthur R Velasquez

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Charles K Bobrinskoy

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Cherryl Thomas

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Christine E Kelly

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Christopher Valenti

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Daniel Doherty

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • David Dury

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Dennis Fitzsimons

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Cole

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Gerald Beeson

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Giancarlo Turano

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Gregory Q Brown

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • James A Gordon

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • James Compton

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • James Hoeg

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • John A Canning Jr

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • John Schreiber

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Querrey

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Larry Richman

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Lee Henderson

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Leigh-Anne Kazma

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Mary Dempsey

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Stephen King

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Tao Huang

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Thomas E Lanctot

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Thomas Reynolds III

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Timothy Sullivan

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • William Devers

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • William T Lynch

    Board of Trustees

    Total calculated
    $0
    Hours/week
    1

  • Joshua Hale

    President and Chief Executive Officer

    Total calculated
    $638,467
    From this org
    $585,588
    From related orgs
    $0
    Other
    $52,879
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $540,896
    Bonus
    $27,816
    Other
    $16,876
    Deferred
    $11,250
    Nontaxable benefits
    $41,629
    Filer's total
    $638,467

  • Malcolm Douglas

    Chief Financial Officer

    Total calculated
    $296,427
    From this org
    $254,776
    From related orgs
    $0
    Other
    $41,651
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $253,134
    Bonus
    $0
    Other
    $1,642
    Deferred
    $10,634
    Nontaxable benefits
    $31,017
    Filer's total
    $296,427

  • Amelia Drozda

    Chief Advancement & Development Officer

    Total calculated
    $226,644
    From this org
    $204,800
    From related orgs
    $0
    Other
    $21,844
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $194,059
    Bonus
    $9,771
    Other
    $970
    Deferred
    $8,207
    Nontaxable benefits
    $13,637
    Filer's total
    $226,644

  • Daniel Bennett

    Senior Director, Scholarships

    Total calculated
    $230,579
    From this org
    $191,377
    From related orgs
    $0
    Other
    $39,202
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,218
    Bonus
    $23,129
    Other
    $9,030
    Deferred
    $6,957
    Nontaxable benefits
    $32,245
    Filer's total
    $230,579

  • Rebecca Lindsay-Ryan

    Chief Schools Officer

    Total calculated
    $347,255
    From this org
    $292,828
    From related orgs
    $0
    Other
    $54,427
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $277,259
    Bonus
    $14,789
    Other
    $780
    Deferred
    $11,500
    Nontaxable benefits
    $42,927
    Filer's total
    $347,255

  • Daniel Kozlowski

    Managing Director, NWI

    Total calculated
    $195,062
    From this org
    $166,775
    From related orgs
    $0
    Other
    $28,287
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,652
    Bonus
    $8,307
    Other
    $1,816
    Deferred
    $6,978
    Nontaxable benefits
    $21,309
    Filer's total
    $195,062

  • Danielle Robinson

    Managing Director, School Operations and Patrons Program

    Total calculated
    $180,621
    From this org
    $165,754
    From related orgs
    $0
    Other
    $14,867
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,044
    Bonus
    $7,930
    Other
    $780
    Deferred
    $4,607
    Nontaxable benefits
    $10,260
    Filer's total
    $180,621

  • Laura Nalley

    Senior Director, People and Leadership

    Total calculated
    $189,569
    From this org
    $159,145
    From related orgs
    $0
    Other
    $30,424
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $150,218
    Bonus
    $8,051
    Other
    $876
    Deferred
    $6,763
    Nontaxable benefits
    $23,661
    Filer's total
    $189,569

  • Maria Ippolito

    Managing Director, School Marketing and Enrollment

    Total calculated
    $157,817
    From this org
    $154,012
    From related orgs
    $0
    Other
    $3,805
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,388
    Bonus
    $6,919
    Other
    $8,705
    Deferred
    $3,295
    Nontaxable benefits
    $510
    Filer's total
    $157,817

  • Timothy Gallo

    Managing Director, Plus Schools and Leadership

    Total calculated
    $209,152
    From this org
    $171,161
    From related orgs
    $0
    Other
    $37,991
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,051
    Bonus
    $8,402
    Other
    $8,708
    Deferred
    $5,469
    Nontaxable benefits
    $32,522
    Filer's total
    $209,152

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees
Dues to social clubs are paid on behalf of Joshua Hale, President and CEO, to have a place to conduct off-site board meetings and meetings with donors. Dues are not considered taxable income to Mr. Hale.
Schedule J, Part I, Line 7 Non-fixed payments
ALL ACTIVE EMPLOYEES AT 12/31/2024 WERE ELIGIBLE FOR A BONUS, INCLUDING EMPLOYEES LISTED IN PART VII, BASED ON MEETING ORGANIZATIONAL GOALS DURING THE YEAR. THE BONUS PERCENTAGE IS DETERMINED BY THE CO-CHAIRMEN. THE SAME BONUS PERCENTAGE IS USED FOR ALL EMPLOYEES. THE BONUS PERCENTAGE IS MULTIPLIED BY EACH EMPLOYEES' REGULAR ANNUAL COMPENSATION TO DETERMINE THE DOLLAR AMOUNT OF THE BONUS.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
23 January 2026
IRS schema version
2024v5.1
Source object
202620239349300307

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.