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← The Concord Fund

Form 990 for tax year 2022

Filed by The Concord Fund.

Totals

Total revenue
$52,773,080
Total expenses
$54,671,747
Contributions and grants received
$52,773,080
Grants paid
$44,319,629
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$734,760
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$734,760
Program services expenses (Part IX)
$53,346,918
Management and general expenses
$1,324,829
Fundraising expenses
$0
Program service expenses (Part III)
$53,346,918

Program services were 97.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $52,773,080

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,319,629 · program services $44,319,629

  • 7 · Other salaries and wages

    total $947,201 · program services $852,481 · management and general $94,720 · fundraising $0

  • 10 · Payroll taxes

    total $55,623 · program services $50,061 · management and general $5,562 · fundraising $0

  • 11b · Fees: legal

    total $249,547 · program services $244,556 · management and general $4,991

  • 11c · Fees: accounting

    total $59,672 · management and general $59,672

  • 11g · Fees: other

    total $8,267,674 · program services $7,627,152 · management and general $640,522

  • 13 · Office expenses

    total $23,608 · program services $4,721 · management and general $18,887

  • 14 · Information technology

    total $76,784 · program services $57,588 · management and general $19,196

  • 16 · Occupancy

    total $412,399 · program services $61,860 · management and general $350,539

  • 17 · Travel

    total $60,469 · program services $60,469

  • 22 · Depreciation, depletion and amortization

    total $36,655 · management and general $36,655

  • 23 · Insurance

    total $27,585 · management and general $27,585

  • 24e · All other expenses

    total $134,901 · program services $68,401 · management and general $66,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,343,534 · end of year $560,354

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $284,371

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

    $109,965

  • 10c · Land, buildings and equipment, net

    beginning of year $211,061 · end of year $174,406

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $78,832 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,633,427 · end of year $734,760

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The mission of The Concord Fund is to promote the vision of liberty and justice in America, fidelity to the principles of federalism and the rule of law, to educate and organize citizens in this mission, and to encourage reforms that achieve these ends.

  • During the fiscal year ending June 30, 2023, The Concord Fund produced radio and television advertisements regarding significant legal and civic issues, court packing, executive branch appointments, federalism, and civic accountability. The Organization also maintained websites and produced newsletters promoting the confirmation of various judicial nominees as well as highlighting the news of judicial confirmations at the federal and state level. The Organization conducted media and public presentations covering judicial and executive branch nominations, potential Supreme Court vacancies, major Supreme Court cases being considered, previews of the upcoming term, and principles of federalism and civic accountability. Grants were also made to other organizations to facilitate these activities and help strengthen the rule of law, reinforce the view of a fair and impartial judiciary, and promote fidelity to the principles of federalism and civic accountability.

    Expenses $53,346,918 · Grants $44,319,629

As filed on the 2022 return.

Listed in Part VII

  • Ann Corkery

    Counsel

    Total calculated
    $331,729
    From this org
    $331,729
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $331,729
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $331,729

  • Frank J Scaturro

    Counsel

    Total calculated
    $246,419
    From this org
    $246,419
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $246,419
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $246,419

  • Carrie L Severino

    Counsel

    Total calculated
    $206,048
    From this org
    $206,048
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $206,048
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $206,048

  • Gary Marx

    Secretary, Treasurer, Director

    Total calculated
    $0
    Hours/week
    10

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 · Form 990 of other organizations
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411359349301886

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

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