Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $31,956,043

• 1g · Noncash contributions included above

  $1,019,360

• 2a · Program service revenue: Consulting Revenue

  total $128,718 · related or exempt $128,718

• 3 · Investment income

  total $355,894 · excluded $355,894

• 6a · Gross rents

  real property $104,676

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $104,676

• 6d · Net rental income or loss

  total $104,676 · excluded $104,676

• 7a · Gross sales of assets other than inventory

  securities $1,009,798

• 7b · Less cost or other basis and sales expenses

  securities $1,019,360

• 7c · Gain or loss

  securities -$9,562

• 7d · Net gain or loss

  total -$9,562 · excluded -$9,562

• 11a · Other revenue: Other revenue

  total $2,840 · excluded $2,840

• 11e · Other revenue, total

  $2,840

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $900,000 · program services $900,000

• 5 · Compensation of officers, directors and key employees

  total $4,033,585 · program services $2,120,206 · management and general $538,640 · fundraising $1,374,739

• 7 · Other salaries and wages

  total $9,913,501 · program services $8,393,566 · management and general $978,790 · fundraising $541,145

• 8 · Pension plan contributions

  total $419,217 · program services $338,864 · management and general $43,249 · fundraising $37,104

• 9 · Other employee benefits

  total $1,141,002 · program services $912,799 · management and general $142,879 · fundraising $85,324

• 10 · Payroll taxes

  total $852,669 · program services $648,382 · management and general $91,978 · fundraising $112,309

• 11b · Fees: legal

  total $900,065 · program services $711,994 · management and general $177,099 · fundraising $10,972

• 11c · Fees: accounting

  total $29,125 · management and general $29,125

• 11f · Fees: investment management

  total $9,364 · management and general $9,364

• 11g · Fees: other

  total $8,259,970 · program services $5,897,794 · management and general $2,323,194 · fundraising $38,982

• 13 · Office expenses

  total $602,057 · program services $396,708 · management and general $131,493 · fundraising $73,856

• 14 · Information technology

  total $777,653 · program services $494,635 · management and general $213,505 · fundraising $69,513

• 16 · Occupancy

  total $942,791 · program services $716,843 · management and general $101,894 · fundraising $124,054

• 17 · Travel

  total $1,262,897 · program services $904,475 · management and general $105,307 · fundraising $253,115

• 19 · Conferences, conventions and meetings

  total $450,703 · program services $254,142 · management and general $72,822 · fundraising $123,739

• 22 · Depreciation, depletion and amortization

  total $255,642 · program services $194,950 · management and general $27,370 · fundraising $33,322

• 23 · Insurance

  total $172,629 · program services $146,529 · management and general $11,770 · fundraising $14,330

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,597,341 · end of year $9,156,609

• 3 · Pledges and grants receivable

  beginning of year $5,410,156 · end of year $3,879,642

• 4 · Accounts receivable

  beginning of year $626,771 · end of year $3,050,868

• 5 · Loans and receivables from officers and key people

  end of year $120,589

• 9 · Prepaid expenses and deferred charges

  beginning of year $477,392 · end of year $443,313

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

  $3,203,936

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

  $2,452,815

• 10c · Land, buildings and equipment, net

  beginning of year $893,761 · end of year $751,121

• 11 · Investments: publicly traded securities

  beginning of year $9,738,489 · end of year $14,408,095

• 15 · Other assets

  beginning of year $3,978,921 · end of year $9,493,973

• 17 · Accounts payable and accrued expenses

  beginning of year $1,393,318 · end of year $1,922,633

• 19 · Deferred revenue

  beginning of year $250,000 · end of year $428,553

• 25 · Other liabilities

  beginning of year $4,567,887 · end of year $11,249,090

• 27 · Net assets without donor restrictions

  beginning of year $16,093,261 · end of year $20,386,138

• 28 · Net assets with donor restrictions

  beginning of year $9,418,365 · end of year $7,317,796

The filer's explanations (Part III)

Part I, Line 1a

FDD grosses up the reimbursement of the President's and Chief Executive Officer's supplemental life insurance so that the net amount covers the cost of the policy. This insurance is provided as a result of an enhanced security risk to the CEO and is included in his taxable compensation. Additionally costs realted overseas assignments taxable to the various members of staff and were grossed-up to cover the taxable costs of these expenses. As Outlined in FDD's Travel policy, First-Class/Business Class travel is offered for travel over a certain length of time. Travel for companions is offered to family members related to international assignments. Additionally, housing allowance is offered for International Assignments.

Part I, Line 1b

While there is no written policy for these expenses, the reimbursements were approved by the Compensation Committee. Additionally, First-Class/Bussiness Class travel is included in FDD's travel policy. All other items are at the descretion of Senior Management and/or FDD's compensation Committee.

Part I, Line 4b

Certain officers participated a split-dollar life insurance plan during FY 24 (see Schedule L Part II for detail). The terms and conditions of the plan are confidential and available to the IRS upon request.

Part I, Line 7

Bonus targets are set annually by management and the Compensation Committee. Bonuses are paid to staff based on performance and accomplishments. Regular employee bonuses are approved by management. Bonuses to the President, CEO, and officers are set and approved by the Compensation Committee.