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Nonprofiteer
← AMERICARES FOUNDATION INC

Form 990 for tax year 2023

Filed by AMERICARES FOUNDATION INC.

Totals

Total revenue
$1,998,093,447
Total expenses
$1,975,249,816
Contributions and grants received
$1,994,980,321
Grants paid
$1,837,973,625
Program service revenue
$1,688,053
Investment income
$1,415,056
Other revenue
$10,017
Total assets, end of year
$412,452,945
Total liabilities, end of year
$25,501,275
Net assets or fund balances, end of year
$386,951,670
Program services expenses (Part IX)
$1,941,362,135
Management and general expenses
$15,464,054
Fundraising expenses
$18,423,627
Program service expenses (Part III)
$1,941,362,135

Program services were 98.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHRISTINE SQUIRES

    PRESIDENT/CEO

    Total calculated
    $642,541
    From this org
    $574,695
    From related orgs
    $0
    Other
    $67,846
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $522,165
    Bonus
    $52,530
    Other
    $0
    Deferred
    $26,199
    Nontaxable benefits
    $41,647
    Filer's total
    $642,541

  • SUSAN GROSSMAN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY T BECKER

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PERCIVAL BARRETTO-KO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT M BAYLIS

    DIRECTOR (THRU 06/30/24)

    Total calculated
    $0
    Hours/week
    1

  • TIM BOSEK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE CLOSE MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERTA CONROY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN GALLUCCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY GOLDWYN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICA HILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMHITA JAYANTI

    DIRECTOR (THRU 06/30/24)

    Total calculated
    $0
    Hours/week
    1

  • JEAN-MARC LAOUCHEZ

    DIRECTOR (AS OF 01/2024)

    Total calculated
    $0
    Hours/week
    1

  • MEHDI MAHMUD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARTI NOXON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENNEDY ODEDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN SADOVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH SAINT-AMAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL ULLMANN

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NADJA WEST

    DIRECTOR (THRU 06/30/24)

    Total calculated
    $0
    Hours/week
    1

  • WALTER WEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE A WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD K TROWBRIDGE JR

    TREASURER, SVP OPERATIONS, CFO

    Total calculated
    $366,110
    From this org
    $305,811
    From related orgs
    $0
    Other
    $60,299
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $305,811
    Bonus
    $0
    Other
    $0
    Deferred
    $18,652
    Nontaxable benefits
    $41,647
    Filer's total
    $366,110

  • JENNY GOLDSTEIN

    SVP & CHIEF DEVELOPMENT OFFICER

    Total calculated
    $373,594
    From this org
    $313,508
    From related orgs
    $0
    Other
    $60,086
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,508
    Bonus
    $10,000
    Other
    $0
    Deferred
    $18,439
    Nontaxable benefits
    $41,647
    Filer's total
    $373,594

  • MEGIN WOLFMAN

    SVP, CHIEF STRATEGY OFFICER

    Total calculated
    $317,710
    From this org
    $260,954
    From related orgs
    $0
    Other
    $56,756
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $260,954
    Bonus
    $0
    Other
    $0
    Deferred
    $15,146
    Nontaxable benefits
    $41,610
    Filer's total
    $317,710

  • MONICA BARBER

    GENERAL COUNSEL

    Total calculated
    $200,874
    From this org
    $194,454
    From related orgs
    $0
    Other
    $6,420
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,454
    Bonus
    $0
    Other
    $0
    Deferred
    $5,824
    Nontaxable benefits
    $596
    Filer's total
    $200,874

  • ELANA LOPEZ

    CHIEF PEOPLE OFFICER

    Total calculated
    $387,366
    From this org
    $328,266
    From related orgs
    $0
    Other
    $59,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $328,266
    Bonus
    $0
    Other
    $0
    Deferred
    $17,041
    Nontaxable benefits
    $42,059
    Filer's total
    $387,366

  • JULIE VARUGHESE

    CHIEF MEDICAL OFFICER

    Total calculated
    $323,305
    From this org
    $305,447
    From related orgs
    $0
    Other
    $17,858
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,447
    Bonus
    $0
    Other
    $0
    Deferred
    $17,064
    Nontaxable benefits
    $794
    Filer's total
    $323,305

  • JENNIFER M NAUMANN

    ASSISTANT SECRETARY

    Total calculated
    $110,969
    From this org
    $84,667
    From related orgs
    $0
    Other
    $26,302
    Hours/week
    40 + 1 related

  • VISHESH JAIN

    DEPUTY SVP, IT AND ADMIN

    Total calculated
    $265,810
    From this org
    $246,957
    From related orgs
    $0
    Other
    $18,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,957
    Bonus
    $0
    Other
    $0
    Deferred
    $17,426
    Nontaxable benefits
    $1,427
    Filer's total
    $265,810

  • JOAN LITTLEFIELD

    DEPUTY SVP, GLOBAL PROGRAMS

    Total calculated
    $266,892
    From this org
    $226,565
    From related orgs
    $0
    Other
    $40,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,565
    Bonus
    $0
    Other
    $0
    Deferred
    $13,653
    Nontaxable benefits
    $26,674
    Filer's total
    $266,892

  • YAEL GOTTLIEB

    DIRECTOR, 3RD PARTY WAREHOUSES

    Total calculated
    $265,299
    From this org
    $216,930
    From related orgs
    $0
    Other
    $48,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,930
    Bonus
    $0
    Other
    $0
    Deferred
    $6,752
    Nontaxable benefits
    $41,617
    Filer's total
    $265,299

  • LYNEISHA VAUGH-PEREZ

    VP, FINANCE, PLANNING & GRANTS

    Total calculated
    $231,877
    From this org
    $217,494
    From related orgs
    $0
    Other
    $14,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,494
    Bonus
    $0
    Other
    $0
    Deferred
    $13,003
    Nontaxable benefits
    $1,380
    Filer's total
    $231,877

  • KISHA DAVIS

    DEPUTY SVP, STRATEGIC PSHIPS

    Total calculated
    $268,540
    From this org
    $221,796
    From related orgs
    $0
    Other
    $46,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,796
    Bonus
    $0
    Other
    $0
    Deferred
    $5,146
    Nontaxable benefits
    $41,598
    Filer's total
    $268,540

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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 7
THE PRESIDENT AND CEO IS ENTITLED TO AN ANNUAL BONUS PURSUANT TO HER EMPLOYMENT CONTRACT AT THE DISCRETION OF THE COMPENSATION COMMITTEE OF THE FOUNDATION'S BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE CONVENES EACH YEAR TO DETERMINE IF THE PRESIDENT HAS EXCEEDED CERTAIN PERFORMANCE-BASED CRITERIA, AND IF SHE HAS, THEY WILL AUTHORIZE A BONUS. IN CALENDAR YEAR 2023, THE PRESIDENT RECEIVED A $52,530 DISCRETIONARY BONUS. THE FOUNDATION HAS A BONUS POLICY IN PLACE THAT PERMITS BONUSES TO OTHER EMPLOYEES BASED ON CERTAIN FACTORS: RELOCATION BONUSES, SIGN-ON BONUSES, RETENTION BONUSES AND PERFORMANCE BONUSES. IN CALENDAR YEAR 2023, THE FOUNDATION ISSUED A SMALL BONUS TO THE SVP & CHIEF DEVELOPMENT OFFICER, JENNY GOLDSTEIN. THE AMERICARES STAFF ARE THE MAIN DRIVER OF ALL OF OUR WORK IN THE WORLD AND, AS SUCH, WE STRIVE TO RECOGNIZE THEIR CONTRIBUTIONS CONSISTENTLY IN WAYS THAT ARE COMPETITIVE, EQUITABLE AND TRANSPARENT, AS LAID OUT IN OUR COMPENSATION PHILOSOPHY. THERE ARE A SMALL NUMBER OF CIRCUMSTANCES IN WHICH WE MAY NEED TO GO ABOVE AND BEYOND THIS BASE COMPENSATION IN ORDER TO RECOGNIZE THE NEEDS AND EFFORTS OF OUR STAFF. THIS POLICY OUTLINES THE CIRCUMSTANCES IN WHICH BONUS PAY WILL BE CONSIDERED. HOWEVER, IT IS IMPORTANT TO NOTE THAT, AS A NON-PROFIT ORGANIZATION, AMERICARES ALSO TAKES OUR RESPONSIBILITY TO DONORS AND FUNDERS VERY SERIOUSLY. AS SUCH, WE CONSIDER BONUS PAY TO BE A VERY RARE OCCURRENCE, ONLY EMPLOYED WHEN THERE IS CLEAR NEED.

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.

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.

  • AMERICARES FREE CLINICS INC

    501(C)(3) · HEALTH CARE · CT · controlled entity

  • AMERICARES FOUNDATION TANZANIA

    RELIEF/AID · TZ · controlled entity

    Directly controlled by AMERICARES

  • AMERICARES LIMITED

    RELIEF/AID · MI · controlled entity

    Directly controlled by AMERICARES

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349310722

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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