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Nonprofiteer
← THE MOSAIC FOUNDATION

Form 990 for tax year 2023

Filed by THE MOSAIC FOUNDATION.

Totals

Total revenue
$10,088,484
Total expenses
$6,847,380
Contributions and grants received
$7,891,798
Grants paid
$4,883,000
Program service revenue
$0
Investment income
$2,183,274
Other revenue
$13,412
Total assets, end of year
$68,837,221
Total liabilities, end of year
$3,404,917
Net assets or fund balances, end of year
$65,432,304
Program services expenses (Part IX)
$4,883,000
Management and general expenses
$362,380
Fundraising expenses
$1,602,000
Program service expenses (Part III)
$4,883,000

Program services were 71.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RICHARD HERMAN

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1

  • GARY FREEMAN

    VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1

  • MICHELLE BOLTON-KING

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • DAN FRIEDLUND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • ADE MONAREH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • BETH NELSON CHASE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • BRANDO GUERRERO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • BENJAMIN MORROW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • LINDA TIMMONS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $867,298
    From this org
    $0
    From related orgs
    $673,617
    Other
    $193,681
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,723 related
    Bonus
    $0 + $155,894 related
    Other
    $0
    Deferred
    $0 + $172,345 related
    Nontaxable benefits
    $0 + $21,336 related
    Filer's total
    $0 + $867,298 related

  • SCOTT HOFFMAN

    TREASURER AND CFO

    Total calculated
    $506,107
    From this org
    $0
    From related orgs
    $464,048
    Other
    $42,059
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,057 related
    Bonus
    $0 + $137,991 related
    Other
    $0
    Deferred
    $0 + $20,723 related
    Nontaxable benefits
    $0 + $21,336 related
    Filer's total
    $0 + $506,107 related

  • RENEE COUGHLIN

    CAO AND FOUNDATION PRESIDENT

    Total calculated
    $410,991
    From this org
    $0
    From related orgs
    $372,224
    Other
    $38,767
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,332 related
    Bonus
    $0 + $123,892 related
    Other
    $0
    Deferred
    $0 + $17,431 related
    Nontaxable benefits
    $0 + $21,336 related
    Filer's total
    $0 + $410,991 related

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

None.

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)

SCHEDULE J, PART I, LINE 3:
THE SALARIES OF LINDA TIMMONS, SCOTT HOFFMAN, AND RENEE COUGHLIN ARE PAID FROM A RELATED ORGANIZATION, MOSAIC. MS. TIMMONS SERVES AS CEO OF MOSAIC. MR. HOFFMAN SERVES AS CFO OF MOSAIC. MS. COUGHLIN SERVES AS THE FOUNDATION PRESIDENT. THE SALARY FOR MS. TIMMONS IS SET BY THE MOSAIC EXECUTIVE COMMITTEE AND MOSAIC BOARD OF DIRECTORS. MR. HOFFMAN'S AND MS. COUGHLIN'S SALARIES ARE SET BY THE CEO OF MOSAIC WORKING WITHIN ESTABLISHED SALARY RANGES ESTABLISHED BY THE EXECUTIVE COMMITTEE. MOSAIC'S BOARD AND EXECUTIVE COMMITTEE USE AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, AND A COMPENSATION SURVEY IN ESTABLISHING THE COMPENSATION OF THE PRESIDENT AND CEO OF MOSAIC AND GUIDELINES FOR OTHER KEY STAFF.
SCHEDULE J, PART II, COLUMN B:
DURING CALENDAR YEAR 2023, RENEE COUGHLIN AND SCOTT HOFFMAN RECEIVED A PAYOUT AS PART OF A RETENTION AGREEMENT, AND IS REFLECTED IN THEIR COMPENSATION.
SCHEDULE J, PART II, COLUMN C:
MOSAIC EVALUATES THE LIABILITY RELATED TO THEIR POSTRETIREMENT BENEFITS (SALARY AND HEALTH INSURANCE CONTINUATION) THROUGH AN ACTUARIAL REVIEW. THE ADJUSTMENT IS INCLUDED IN RETIREMENT AND OTHER DEFERRED COMPENSATION.

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

  • MOSAIC

    $4,883,000

    THE GRANT PROVIDED IS TO THE SUPPORTED ORGANIZATION TO FURTHER ITS TAX EXEMPT FUNCTION.

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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EASE-E MEDICAL INC

    C · SALE OF MEDICAL EQUIPMENT AND SUPPLIES · NE

  • MOSAIC HOUSING CORPORATION V

    C · LOW INCOME HOUSING · NE

  • BICO

    C · CAPTIVE INSURANCE · BD

  • CHARITABLE REMAINDER TRUSTS (5)

    T · INVESTMENT MANAGEMENT · NE

    Directly controlled by THE MOSAIC FOUNDATION INC

Provenance

Return type
form_990
Tax year
2023
Filed
6 March 2025
IRS schema version
2023v6.0
Source object
202521269349302027

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