Skip to content
Nonprofiteer
← ERNST & YOUNG FOUNDATION

Form 990 for tax year 2022

Filed by ERNST & YOUNG FOUNDATION.

Totals

Total revenue
$19,837,625
Total expenses
$22,074,233
Contributions and grants received
$18,278,719
Grants paid
$21,384,574
Program service revenue
$0
Investment income
$1,531,344
Other revenue
$27,562
Total assets, end of year
$41,679,326
Total liabilities, end of year
$3,636,170
Net assets or fund balances, end of year
$38,043,156
Program services expenses (Part IX)
$21,982,761
Management and general expenses
$91,472
Fundraising expenses
$0
Program service expenses (Part III)
$21,982,761

Program services were 99.6% 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

    $18,278,719

  • 1g · Noncash contributions included above

    $1,084,343

  • 3 · Investment income

    total $1,442,971 · excluded $1,442,971

  • 7a · Gross sales of assets other than inventory

    securities $1,172,716

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

    securities $1,084,343

  • 7c · Gain or loss

    securities $88,373

  • 7d · Net gain or loss

    total $88,373 · excluded $88,373

  • 11a · Other revenue: OTHER INCOME

    total $27,562 · excluded $27,562

  • 11e · Other revenue, total

    $27,562

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,711,536 · program services $19,711,536

  • 2 · Grants to domestic individuals

    total $6,936 · program services $6,936

  • 3 · Grants to foreign organizations and individuals

    total $1,666,102 · program services $1,666,102

  • 11c · Fees: accounting

    total $50,739 · management and general $50,739

  • 11f · Fees: investment management

    total $2,129 · management and general $2,129

  • 11g · Fees: other

    total $598,187 · program services $598,187

  • 13 · Office expenses

    total $32,047 · management and general $32,047

  • 14 · Information technology

    total $6,557 · management and general $6,557

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $28,254,191 · end of year $25,771,484

  • 3 · Pledges and grants receivable

    beginning of year $915,680 · end of year $743,242

  • 4 · Accounts receivable

    beginning of year $371,785 · end of year $242,094

  • 11 · Investments: publicly traded securities

    beginning of year $13,954,886 · end of year $14,792,526

  • 15 · Other assets

    beginning of year $44,311 · end of year $129,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,443,639 · end of year $1,429,175

  • 18 · Grants payable

    beginning of year $1,058,989 · end of year $1,051,825

  • 25 · Other liabilities

    beginning of year $1,140,550 · end of year $1,155,170

  • 27 · Net assets without donor restrictions

    beginning of year $31,731,511 · end of year $31,178,315

  • 28 · Net assets with donor restrictions

    beginning of year $8,166,164 · end of year $6,864,841

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • DONOR INDIVIDUALIZED CHARITABLE ACCOUNTS - GIFTS FROM CONTRIBUTIONS BY PARTNERS AND RETIRED PARTNERS OF ERNST & YOUNG LLP FOR SPECIFIED SCHOOLS/CHARITIES.

    Expenses $6,028,159 · Grants $6,028,159

  • MATCHING GIFTS PROGRAM FOR HIGHER EDUCATION - SUBJECT TO CERTAINLIMITS, THE FOUNDATION MATCHES DOLLAR-FOR-DOLLAR CONTRIBUTIONS BYPARTNERS AND EMPLOYEES OF ERNST & YOUNG LLP TO ACCREDITEDEDUCATIONAL INSTITUTIONS THAT MEET CERTAIN REQUIREMENTS.

    Expenses $10,474,504 · Grants $10,474,504

  • EDUCATIONAL AND SPECIAL PROJECT GRANTS - THIS ENCOMPASSES GRANTSFOR SPECIAL PROJECTS SUCH AS EDUCATION FORUMS, RESEARCH STUDIESAND GRADUATE TAX PROGRAMS AND FOR THE IMPROVEMENT OF EDUCATIONALOPPORTUNITIES FOR THE DISADVANTAGED AND OTHER SPECIAL EDUCATIONALPROJECTS.

    Expenses $3,813,996 · Grants $3,215,809

  • OTHER

    Expenses $1,666,102 · Grants $1,666,102

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter D Lease

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debi Heiskala

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael S Solender

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derrick Steele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ginnie Carlier

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Sandra Oliver

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Regenia Sanders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ellen J Glazerman

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ERNST AND YOUNG US LLP

    N/A · PUBLIC ACCOUNTING · DE

  • ERNST AND YOUNG LLP

    N/A · PUBLIC ACCOUNTING · DE

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202411369349301216

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.