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Nonprofiteer
← CHARTER FUND INC

Form 990 for tax year 2024

Filed by CHARTER FUND INC.

Totals

Total revenue
$232,401,456
Total expenses
$189,583,844
Contributions and grants received
$214,188,285
Grants paid
$150,096,573
Program service revenue
$6,366,515
Investment income
$11,846,656
Other revenue
$0
Total assets, end of year
$720,288,020
Total liabilities, end of year
$49,625,515
Net assets or fund balances, end of year
$670,662,505
Program services expenses (Part IX)
$181,291,483
Management and general expenses
$7,427,037
Fundraising expenses
$865,324
Program service expenses (Part III)
$181,291,483

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KEVIN HALL

    PRESIDENT

    Total calculated
    $657,208
    From this org
    $613,000
    From related orgs
    $0
    Other
    $44,208
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $530,500
    Bonus
    $82,500
    Other
    $0
    Deferred
    $20,600
    Nontaxable benefits
    $23,608
    Filer's total
    $657,208

  • JOHN FISHER

    DIRECTOR, BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ALLAN GOLSTON

    DIRECTOR, TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAMES RAHN

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DEE HASLAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REED HASTINGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CONSTANCE JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM JOYCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLENE REID

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NICOLE PULLEN ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FIDEL VARGAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANILU VAZQUEZ-UBARRI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSIE WOOLLEY-WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAMELA INBASEKARAN

    COO/ASSISTANT SECRETARY

    Total calculated
    $346,786
    From this org
    $312,333
    From related orgs
    $0
    Other
    $34,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,583
    Bonus
    $22,750
    Other
    $0
    Deferred
    $11,583
    Nontaxable benefits
    $22,870
    Filer's total
    $346,786

  • DARRYL COBB

    VICE PRESIDENT

    Total calculated
    $507,476
    From this org
    $465,500
    From related orgs
    $0
    Other
    $41,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $420,000
    Bonus
    $45,500
    Other
    $0
    Deferred
    $16,800
    Nontaxable benefits
    $25,176
    Filer's total
    $507,476

  • JULIE MAIER

    VICE PRESIDENT (THRU 1/24)

    Total calculated
    $44,644
    From this org
    $39,086
    From related orgs
    $0
    Other
    $5,558
    Hours/week
    1

  • RICHARD BILLINGS

    ASST SECRETARY (THRU 3/24), PARTNER

    Total calculated
    $354,908
    From this org
    $319,042
    From related orgs
    $0
    Other
    $35,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,792
    Bonus
    $23,250
    Other
    $0
    Deferred
    $11,832
    Nontaxable benefits
    $24,034
    Filer's total
    $354,908

  • EBONY LEE

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $320,958
    From this org
    $301,000
    From related orgs
    $0
    Other
    $19,958
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,000
    Bonus
    $21,000
    Other
    $0
    Deferred
    $11,200
    Nontaxable benefits
    $8,758
    Filer's total
    $320,958

  • KATHLEEN HAMEL

    PARTNER

    Total calculated
    $333,561
    From this org
    $319,042
    From related orgs
    $0
    Other
    $14,519
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,792
    Bonus
    $23,250
    Other
    $0
    Deferred
    $11,832
    Nontaxable benefits
    $2,687
    Filer's total
    $333,561

  • MARCIA AARON

    PARTNER

    Total calculated
    $340,834
    From this org
    $312,333
    From related orgs
    $0
    Other
    $28,501
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,583
    Bonus
    $22,750
    Other
    $0
    Deferred
    $11,583
    Nontaxable benefits
    $16,918
    Filer's total
    $340,834

  • ERIC CHAN

    PARTNER

    Total calculated
    $328,348
    From this org
    $308,083
    From related orgs
    $0
    Other
    $20,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,583
    Bonus
    $22,500
    Other
    $0
    Deferred
    $11,423
    Nontaxable benefits
    $8,842
    Filer's total
    $328,348

  • JOSEPH FERGUSON

    PARTNER

    Total calculated
    $343,414
    From this org
    $308,083
    From related orgs
    $0
    Other
    $35,331
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,583
    Bonus
    $22,500
    Other
    $0
    Deferred
    $11,423
    Nontaxable benefits
    $23,908
    Filer's total
    $343,414

  • THOMAS ERIC

    PARTNER

    Total calculated
    $343,540
    From this org
    $308,083
    From related orgs
    $0
    Other
    $35,457
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,583
    Bonus
    $22,500
    Other
    $0
    Deferred
    $11,423
    Nontaxable benefits
    $24,034
    Filer's total
    $343,540

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 · 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)

PART I, LINE 7
BONUSES ARE DISCRETIONARY AND AWARDED BASED ON THE EMPLOYEE'S PERFORMANCE DURING THE YEAR.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CSGF MEMPHIS LLC

    INVESTMENT IN EDUCATION · DE · income $2,200,423 · assets $3,363,491

    Directly controlled by CHARTER FUND INC

  • CSGF FACILITIES FUND III LLC

    INVESTMENT IN EDUCATION · DE · income $3,427,921 · assets $32,584,749

    Directly controlled by CHARTER FUND INC

  • CSGF MEMPHIS FACILITY FUND LLC

    INVESTMENT IN EDUCATION · DE · income $38,645 · assets $0

    Directly controlled by CHARTER FUND INC

  • CSGF NYC FACILITY FUND LLC

    INVESTMENT IN EDUCATION · DE · income $406,451 · assets $1,739,978

    Directly controlled by CHARTER FUND INC

  • CSGF SENIOR DEBT FUND LLC

    INVESTMENT IN EDUCATION · DE · income $5,970,994 · assets $55,731,859

    Directly controlled by CHARTER FUND INC

  • DREAMBOX HOLDINGS LLC

    INVESTMENT IN EDUCATION · DE · income $7,390,244 · assets $126,494,460

    Directly controlled by CHARTER FUND INC

  • EDUCATION MISSION INVESTMENTS LLC

    INVESTMENT IN EDUCATION · DE · income $1,545,337 · assets $6,316,272

    Directly controlled by CHARTER FUND INC

  • CSGF OWL HOLDINGS LLC

    INVESTMENT IN EDUCATION · DE · income -$7,771,427 · assets $66,224,908

    Directly controlled by CHARTER FUND INC

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202533019349301738

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

The source document this was parsed from is served over the API, which is where bulk and document access live.