Totals
- Total revenue
- $2,798,695
- Total expenses
- $2,673,335
- Contributions and grants received
- $2,385,288
- Grants paid
- $190,000
- Program service revenue
- $49,621
- Investment income
- $363,786
- Other revenue
- $0
- Total assets, end of year
- $11,884,147
- Total liabilities, end of year
- $143,108
- Net assets or fund balances, end of year
- $11,741,039
- Program services expenses (Part IX)
- $2,157,507
- Management and general expenses
- $440,318
- Fundraising expenses
- $75,510
- Program service expenses (Part III)
- $2,157,507
Program services were 80.7% 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
$2,385,288
-
1g · Noncash contributions included above
$14,119
-
2a · Program service revenue: Book Sales
total $6,484 · related or exempt $6,484
-
2b · Program service revenue: Program Income
total $43,137 · related or exempt $43,137
-
3 · Investment income
total $269,102 · excluded $269,102
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $7,109,537
-
7b · Less cost or other basis and sales expenses
securities $7,014,853
-
7c · Gain or loss
securities $94,684
-
7d · Net gain or loss
total $94,684 · related or exempt $94,684
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $107,500 · program services $107,500
-
2 · Grants to domestic individuals
total $82,500 · program services $82,500
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $744,684 · program services $579,168 · management and general $120,790 · fundraising $44,726
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $511,633 · program services $452,744 · management and general $55,505 · fundraising $3,384
-
8 · Pension plan contributions
total $18,050 · program services $11,382 · management and general $5,143 · fundraising $1,525
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $109,245 · program services $89,732 · management and general $15,330 · fundraising $4,183
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,745 · management and general $1,745
-
11c · Fees: accounting
total $33,145 · management and general $33,145
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $41,773 · management and general $41,773
-
11g · Fees: other
total $9,471 · program services $1,985 · management and general $7,486
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $51,433 · program services $29,550 · management and general $17,605 · fundraising $4,278
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $21,500 · management and general $21,500
-
17 · Travel
total $28,600 · program services $15,030 · management and general $6,348 · fundraising $7,222
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $372,563 · program services $353,397 · management and general $13,211 · fundraising $5,955
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $78,564 · management and general $78,564
-
23 · Insurance
total $15,866 · management and general $15,866
-
24a · Other expenses: Other Program Expenses
total $275,670 · program services $275,670
-
24b · Other expenses: Publishing Expenses
total $158,493 · program services $158,493
-
24c · Other expenses: Printing
total $10,900 · program services $356 · management and general $6,307 · fundraising $4,237
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $208,613 · end of year $401,627
-
2 · Savings and temporary cash investments
beginning of year $1,010,834 · end of year $2,706,378
-
3 · Pledges and grants receivable
beginning of year $623,405 · end of year $760,611
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $11,117 · end of year $29,739
-
10a · Land, buildings and equipment: cost or other basis
$3,008,597
-
10b · Land, buildings and equipment: accumulated depreciation
$1,539,876
-
10c · Land, buildings and equipment, net
beginning of year $1,542,585 · end of year $1,468,721
-
11 · Investments: publicly traded securities
beginning of year $7,250,187 · end of year $6,517,071
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $140,043 · end of year $143,108
-
27 · Net assets without donor restrictions
beginning of year $9,010,646 · end of year $10,461,572
-
28 · Net assets with donor restrictions
beginning of year $1,496,052 · end of year $1,279,467
Mission and programs · 2023
Mission
Research, education, and public awareness of the political, moral and philosophical principles of free and democratic societies
-
Marriage and Family: This program consists primarily of the activities of CanaVox, a marriage movement founded by mothers to provide the intellectual tools to help people understand deep and complicated issues in contemporary debates about human sexuality. CanaVox facilitates reading groups for professionals, young adults, college students, and teenagers that discuss these issues in 39 states and 34 countries. CanaVoxs website is www.canavox.com.
Expenses $687,129 · Grants $25,000
-
Academic Programs: These programs consist of seminars and one-on-one mentoring with Princeton University students and with promising students in high school, college, and graduate school at other institutions. These activities seek to form young people to cherish personal virtue and responsibility and the pursuit of truth. In 2023 we continued to expand our programs for high school students.
Expenses $564,842 · Grants $75,000
-
Other Programs: The Witherspoon Institute occasionally provides advice, grants, or other support for organizations or scholars whose missions are very similar to its own. The Institute does not accept applications for such support. Such support develops out of preexisting relationships that the Institute may have with scholars through the Institutes own programming. In 2023 the Institute provided such advice and support for programs at Princeton University and other institutions.
Expenses $527,738 · Grants $90,000
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Russell J Snell
Director of Academic Programs
- Total calculated
- $253,091
- From this org
- $225,556
- From related orgs
- $0
- Other
- $27,535
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,556
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,466
- Nontaxable benefits
- $18,069
- Filer's total
- $253,091
-
Kelly Hanlon Muncy
Dir. of Operations
- Total calculated
- $206,512
- From this org
- $179,189
- From related orgs
- $0
- Other
- $27,323
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,189
- Bonus
- not reported
- Other
- not reported
- Deferred
- $6,423
- Nontaxable benefits
- $20,900
- Filer's total
- $206,512
-
Robert George
Herbert W. Vaughan Senior Fellow
- Total calculated
- $203,953
- From this org
- $203,953
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $203,953
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $203,953
-
John Doherty
Dir. of Finance
- Total calculated
- $85,902
- From this org
- $75,986
- From related orgs
- $0
- Other
- $9,916
- Hours/week
- 40
-
Luis Tellez
President
- Total calculated
- $64,641
- From this org
- $60,000
- From related orgs
- $0
- Other
- $4,641
- Hours/week
- 40
-
Brian Mogck
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mark Mulholland
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Stephen Whelan
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
John Metzger
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Mark O'Brien
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Craig Cardon
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Frederic Clark
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Crofton
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Deborah Garwood
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Broc Hiatt
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Michael Maibach
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Peter Brinckerhoff
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Corbin Miller
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
Eugene Zurlo
Trustee
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
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
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
-
$50,000
-
$30,000
-
$25,000
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.
-
The Fdn for Excellence in Higher Ed Inc
501(c)(3) · Charity · NJ
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202410929349301016
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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