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Nonprofiteer
← THE THOMAS B FORDHAM FOUNDATION

Form 990 for tax year 2024

Filed by THE THOMAS B FORDHAM FOUNDATION.

Totals

Total revenue
$2,904,104
Total expenses
$2,606,540
Contributions and grants received
$0
Grants paid
$165,108
Program service revenue
$1,182,508
Investment income
$1,577,304
Other revenue
$144,292
Total assets, end of year
$82,318,168
Total liabilities, end of year
$994,421
Net assets or fund balances, end of year
$81,323,747
Program services expenses (Part IX)
$1,371,936
Management and general expenses
$1,234,604
Fundraising expenses
$0
Program service expenses (Part III)
$1,371,936

Program services were 52.6% 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.

  • 2a · Program service revenue: Program Service Fees

    total $1,182,508 · related or exempt $1,182,508

  • 3 · Investment income

    total $1,577,304 · excluded $1,577,304

  • 11a · Other revenue: Other Revenue

    total $144,292 · related or exempt $144,292

  • 11e · Other revenue, total

    $144,292

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $165,108 · program services $165,108

  • 5 · Compensation of officers, directors and key employees

    total $256,898 · program services $150,024 · management and general $106,874

  • 7 · Other salaries and wages

    total $1,010,463 · program services $551,553 · management and general $458,910

  • 8 · Pension plan contributions

    total $104,457 · program services $57,825 · management and general $46,632

  • 9 · Other employee benefits

    total $109,207 · program services $60,454 · management and general $48,753

  • 10 · Payroll taxes

    total $87,514 · program services $48,445 · management and general $39,069

  • 11b · Fees: legal

    total $31,795 · program services $8,216 · management and general $23,579

  • 11c · Fees: accounting

    total $45,274 · management and general $45,274

  • 11f · Fees: investment management

    total $422,703 · management and general $422,703

  • 11g · Fees: other

    total $18,860 · program services $15,150 · management and general $3,710

  • 12 · Advertising and promotion

    total $518 · program services $509 · management and general $9

  • 13 · Office expenses

    total $42,250 · program services $40,569 · management and general $1,681

  • 14 · Information technology

    total $38,646 · program services $36,138 · management and general $2,508

  • 16 · Occupancy

    total $47,726 · program services $26,638 · management and general $21,088

  • 17 · Travel

    total $27,653 · program services $27,590 · management and general $63

  • 19 · Conferences, conventions and meetings

    total $21,108 · program services $21,108

  • 22 · Depreciation, depletion and amortization

    total $21,891 · program services $12,259 · management and general $9,632

  • 23 · Insurance

    total $22,750 · program services $20,924 · management and general $1,826

  • 24a · Other expenses: Miscellaneous

    total $128,145 · program services $125,914 · management and general $2,231

  • 24b · Other expenses: Subscriptions and membe

    total $3,574 · program services $3,512 · management and general $62

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,843 · end of year $163,586

  • 4 · Accounts receivable

    beginning of year $136,466 · end of year $114,735

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,665 · end of year $2,665

  • 10a · Land, buildings and equipment: cost or other basis

    $112,409

  • 10b · Land, buildings and equipment: accumulated depreciation

    $66,334

  • 10c · Land, buildings and equipment, net

    beginning of year $45,480 · end of year $46,075

  • 11 · Investments: publicly traded securities

    beginning of year $38,134,068 · end of year $47,448,564

  • 12 · Investments: other securities

    beginning of year $36,134,875 · end of year $33,935,068

  • 15 · Other assets

    beginning of year $1,081,114 · end of year $607,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,080 · end of year $284,277

  • 25 · Other liabilities

    beginning of year $550,272 · end of year $710,144

  • 27 · Net assets without donor restrictions

    beginning of year $75,068,159 · end of year $81,323,747

Mission and programs · 2024

Mission

The Thomas B. Fordham Foundation supports the Thomas B. Fordham Institute, the nation's leader in advancing educational excellence, by providing quality research, analysis and commentary, as well as on-the-ground action and advocacy in Ohio.

  • Charter school authorizing: the Thomas B. Fordham Foundation serves as the authorizer for thirteen Ohio-based charter schools serving more than 6,400 students. Our nationally recognized charter-authorization staff evaluates proposals for new charter schools, monitors the compliance and performance of our portfolio of schools, and lends them fiscal and technical assistance.

    Expenses $1,210,799 · Grants $162,858 · Revenue $1,182,508

  • Supporting national education policy reform: supports the Thomas B. Fordham institutes efforts to produce research studies and commentary on national education policy issues. Our national policy work in 2024 focused on promoting evidence-based practices in the wake of the covid pandemic; promoting high quality career and technical education; and expanding high quality charter schools and other schools of choice.

    Expenses $161,137 · Grants $2,250

As filed on the 2024 return.

Listed in Part VII

  • Bruno V Manno

    Chairman/Trustee

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Thomas A Holton

    Secretary And Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Michael W Kelly

    Treasurer And Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Ian Rowe

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Stefanie Sanford

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Caprice Young

    Trustee

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5 + 0.5 related

  • Rod Paige

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Michael J Petrilli

    President And Trustee

    Total calculated
    $464,521
    From this org
    $380,707
    From related orgs
    $0
    Other
    $83,814
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $356,960
    Bonus
    $23,747
    Other
    $0
    Deferred
    $41,400
    Nontaxable benefits
    $42,414
    Filer's total
    $464,521

  • Chester E Finn Jr

    President Emeritus And Trustee

    Total calculated
    $267,150
    From this org
    $235,708
    From related orgs
    $0
    Other
    $31,442
    Hours/week
    3.5 + 46.5 related

    Schedule J breakdown matched by us

    Base
    $235,708
    Bonus
    $0
    Other
    $0
    Deferred
    $30,960
    Nontaxable benefits
    $482
    Filer's total
    $267,150

  • Gary E LaBelle

    VP For Finance And Operations

    Total calculated
    $255,587
    From this org
    $204,134
    From related orgs
    $0
    Other
    $51,453
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $191,634
    Bonus
    $12,500
    Other
    $0
    Deferred
    $26,700
    Nontaxable benefits
    $24,753
    Filer's total
    $255,587

  • Amber M Northern

    Senior VP For Research

    Total calculated
    $346,699
    From this org
    $283,785
    From related orgs
    $0
    Other
    $62,914
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $268,785
    Bonus
    $15,000
    Other
    $0
    Deferred
    $34,200
    Nontaxable benefits
    $28,714
    Filer's total
    $346,699

  • Chad L Aldis

    VP For Ohio Policy And Advocacy

    Total calculated
    $316,752
    From this org
    $257,946
    From related orgs
    $0
    Other
    $58,806
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $245,946
    Bonus
    $12,000
    Other
    $0
    Deferred
    $29,880
    Nontaxable benefits
    $28,926
    Filer's total
    $316,752

  • Kathryn I Mullen

    VP For Sponsorship And Dayton

    Total calculated
    $234,358
    From this org
    $187,679
    From related orgs
    $0
    Other
    $46,679
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,679
    Bonus
    $10,000
    Other
    $0
    Deferred
    $23,400
    Nontaxable benefits
    $23,279
    Filer's total
    $234,358

  • Victoria Mcdougald

    Chief Of Staff

    Total calculated
    $166,545
    From this org
    $126,906
    From related orgs
    $0
    Other
    $39,639
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $118,906
    Bonus
    $8,000
    Other
    $0
    Deferred
    $16,800
    Nontaxable benefits
    $22,839
    Filer's total
    $166,545

  • Adam B Tyner

    National Research Director

    Total calculated
    $161,212
    From this org
    $126,671
    From related orgs
    $0
    Other
    $34,541
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $120,171
    Bonus
    $6,500
    Other
    $0
    Deferred
    $15,300
    Nontaxable benefits
    $19,241
    Filer's total
    $161,212

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 · 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

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

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
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202522909349301402

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