Form 990 for tax year 2022

Filed by GFOA ENDOWMENT CORPORATION.

Totals

Total revenue: $566,655
Total expenses: $483,182
Contributions and grants received: $0
Grants paid: $467,454
Program service revenue: $0
Investment income: $566,655
Other revenue: $0
Total assets, end of year: $30,771,656
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $30,771,656
Program services expenses (Part IX): $467,454
Management and general expenses: $15,728
Fundraising expenses: $0
Program service expenses (Part III): $467,454

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

Terri Velasquez

President

Total calculated

$0

Hours/week

0.1 + 4.5 related
Laura Allen

President-Elect

Total calculated

$0

Hours/week

0.1 + 1.25 related
Michael A Bryant

Past-President

Total calculated

$0

Hours/week

0.1 + 1.25 related
Marion M Gee

Past-President (until 06/07/22)

Total calculated

$0

Hours/week

0.1 + 1.25 related
Sonia Andrews

Board Member (as of 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Lunda Asmani

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Laurie M Brewer

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Jennifer Brown

Board Member (as of 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Veronica Carrillo

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Chris Daniel

Board Member (until 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Bruce Fisher

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Tanya Garost

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Jason Greene

Board Member (as of 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Anne Harty

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Daniel J Huge

Board Member (until 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Rafiu O Ighile

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Susan Iverson

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
William Jones

Board Member (until 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Brandon Kauffman

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Matthew M Lentz

Board Member (until 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Grace Martinez

Board Member (as of 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Margaret Moggia

Board Member

Total calculated

$0

Hours/week

0.1 + 0.5 related
Kendel Taylor

Board Member (as of 06/07/22)

Total calculated

$0

Hours/week

0.1 + 0.5 related
Christopher P Morrill

Executive Director, CEO

Total calculated

$480,286

From this org

$0

From related orgs

$415,374

Other

$64,912

Hours/week

0.1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $410,632 related

Bonus

$0 + $1,900 related

Other

$0 + $2,842 related

Deferred

$0 + $40,750 related

Nontaxable benefits

$0 + $24,162 related

Filer's total

$0 + $480,286 related
Sarah Lombardi

Director of Finance

Total calculated

$180,358

From this org

$0

From related orgs

$164,148

Other

$16,210

Hours/week

0.1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $162,115 related

Bonus

$0 + $1,900 related

Other

$0 + $133 related

Deferred

$0 + $8,115 related

Nontaxable benefits

$0 + $8,095 related

Filer's total

$0 + $180,358 related

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

None.

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: Compensation was established and paid by Government Finance Officers Association ("GFOA"), a related organization. GFOA used the following to establish the CEO's compensation: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Compensation survey or study - Approval by the board or compensation committee

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

Government Finance Officers Association

$467,454

General Support

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.

Government Finance Officers Assn of the United States & Canada

501(c)(3) · Educational · IL

Provenance

Return type: form_990
Tax year: 2022
Filed: 7 February 2024
IRS schema version: 2022v5.0
Source object: 202440409349300729

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