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Nonprofiteer
← CITADEL FOUNDATION

Form 990 for tax year 2023

Filed by CITADEL FOUNDATION.

Totals

Total revenue
$33,560,971
Total expenses
$34,547,669
Contributions and grants received
$21,300,350
Grants paid
$25,603,935
Program services expenses (Part IX)
$25,608,031
Management and general expenses
$2,287,340
Fundraising expenses
$6,652,298
Program service expenses (Part III)
$25,608,031

Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JAY P DOWD III

    PRESIDENT AND CEO

    Total calculated
    $586,554
    From this org
    $505,694
    From related orgs
    $0
    Other
    $80,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $441,889
    Bonus
    $63,805
    Other
    $0
    Deferred
    $41,410
    Nontaxable benefits
    $39,450
    Filer's total
    $586,554

  • SHANNON N MEASE

    COO/CFO

    Total calculated
    $399,430
    From this org
    $329,400
    From related orgs
    $0
    Other
    $70,030
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,400
    Bonus
    $55,000
    Other
    $0
    Deferred
    $44,945
    Nontaxable benefits
    $25,085
    Filer's total
    $399,430

  • JONATHAN KRESKEN

    VP LEGACY, ANNUAL & REUNION GIVING

    Total calculated
    $299,167
    From this org
    $251,388
    From related orgs
    $0
    Other
    $47,779
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,863
    Bonus
    $32,525
    Other
    $0
    Deferred
    $34,079
    Nontaxable benefits
    $13,700
    Filer's total
    $299,167

  • GAYLORD W GREEN

    VP ATHLETIC DEVELOPMENT

    Total calculated
    $250,130
    From this org
    $218,393
    From related orgs
    $0
    Other
    $31,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,919
    Bonus
    $24,474
    Other
    $0
    Deferred
    $30,753
    Nontaxable benefits
    $984
    Filer's total
    $250,130

  • ASHLEY SANTOS

    ASSOC. VP, PRINCIPAL GIVING

    Total calculated
    $224,951
    From this org
    $161,675
    From related orgs
    $0
    Other
    $63,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,550
    Bonus
    $20,125
    Other
    $0
    Deferred
    $23,146
    Nontaxable benefits
    $40,130
    Filer's total
    $224,951

  • JODI R COLLINS

    CONTROLLER

    Total calculated
    $220,294
    From this org
    $169,907
    From related orgs
    $0
    Other
    $50,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,878
    Bonus
    $21,029
    Other
    $0
    Deferred
    $24,762
    Nontaxable benefits
    $25,625
    Filer's total
    $220,294

  • ROBERT A STEPHENSON

    ASSOC. VP FOR MAJOR GIFTS

    Total calculated
    $211,287
    From this org
    $149,863
    From related orgs
    $0
    Other
    $61,424
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,785
    Bonus
    $17,078
    Other
    $0
    Deferred
    $21,325
    Nontaxable benefits
    $40,099
    Filer's total
    $211,287

  • MR JAMES S WIGFALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR CLAUDIUS E WATTS IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR J TODD WATKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR CHRISTOPHER C SULLIVAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LTG W MICHAEL STEELE USA RET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR JAMES W REED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR NORMAN A POOLE JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COL ALVIN A PERKINS USA RET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR J BRICE O'BRIEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GEN GLENN M WALTERS USMC RET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • MR L WILLIAM KRAUSE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR JAMES A KING II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MS M RUSSELL HOLLIDAY JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR ROBERT R HILL JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COL THOMAS L HENDRICKSUSAFRET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COL F G DELLENEY JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR STEPHEN L DAVIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR RAFAEL R COSTAS JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR LOUIS E COSTA II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR CHARLES B COE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MRS MARINA DANIEL BUESCHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR TOMMY B BAKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR DAVID D AUGHTRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN P MCALEER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LT COL WILLIAM R CULBREATH JR USA

    USAFR, BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR J RICHARD SANDERS JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COL DYLAN W GOFF

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR W HENRY JOHNSON

    CHAIR GRANTS COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JOSEPH J KEENAN

    CHAIR NOMINATIONS & REAL ESTATE COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • MR LUTHER C KISSAM IV

    CHAIR DEVELOPMENT/CAMPAIGN COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • MR CHARLES B LAWLESS

    CHAIR INVESTMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • MR A FOSTER MCKISSICK III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MR ANDERSON D WARLICK

    EMERITUS

    Total calculated
    $0
    Hours/week
    1

  • DR CHRISTOPHER C SWAIN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • MR DANIEL S MCQUEENEY

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • MR JAMES J ETHRIDGE JR

    VICE CHAIRMAN, CHAIR AUDIT COMMITTEE

    Total calculated
    $0
    Hours/week
    2

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 1B
ALL HEALTH CLUB/SOCIAL DUES ARE RELATED TO FURTHERING THE MISSION OF THE ORGANIZATION. ALL ASSOCIATED EXPENSES MUST BE APPROVED BY THE CFO.

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 CITADEL

    $25,596,285

    TO PROVIDE FINANCIAL ASSISTANCE AND SUPPORT EXCLUSIVELY FOR THE CITADEL, INCLUDING SCHOLARSHIPS, GRANTS, CAPITAL EXPENDITURES.

  • THE CITADEL REAL ESTATE FOUNDATION

    $7,650

    TO PROVIDE FINANCIAL ASSISTANCE FOR THE CONSTRUCTION OF BASTIN HALL.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
31 August 2024
IRS schema version
2023v5.1
Source object
202443129349301564

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

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