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Nonprofiteer
← INITIATIVE FOUNDATION

Form 990 for tax year 2023

Filed by INITIATIVE FOUNDATION.

Totals

Total revenue
$10,031,903
Total expenses
$9,362,176
Contributions and grants received
$7,171,446
Grants paid
$4,292,882
Program service revenue
$804,000
Investment income
$1,931,465
Other revenue
$124,992
Total assets, end of year
$109,008,159
Total liabilities, end of year
$8,449,199
Net assets or fund balances, end of year
$100,558,960
Program services expenses (Part IX)
$7,187,731
Management and general expenses
$1,640,050
Fundraising expenses
$534,395
Program service expenses (Part III)
$7,187,731

Program services were 76.8% 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.

  • 1c · Fundraising events

    $111,243

  • 1e · Government grants (contributions)

    $3,274,937

  • 1f · All other contributions, gifts and grants

    $3,785,266

  • 2a · Program service revenue: REVOLVING LOAN INTEREST

    total $704,903 · related or exempt $704,903

  • 2b · Program service revenue: LOAN ADMIN FEE

    total $59,662 · related or exempt $59,662

  • 2c · Program service revenue: EVENTS AND WORKSHOP REGISTRATIONS

    total $39,435 · related or exempt $39,435

  • 3 · Investment income

    total $2,073,401 · excluded $2,073,401

  • 6a · Gross rents

    real property $4,482

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $4,482

  • 6d · Net rental income or loss

    total $4,482 · related or exempt $4,482

  • 7a · Gross sales of assets other than inventory

    securities $11,322,933 · other assets $33,343

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

    securities $11,487,741 · other assets $10,471

  • 7c · Gain or loss

    securities -$164,808 · other assets $22,872

  • 7d · Net gain or loss

    total -$141,936 · excluded -$141,936

  • 8a · Fundraising events: gross income

    $112,105

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

    $111,243

  • 8b · Fundraising events: direct expenses

    $71,104

  • 8c · Net income from fundraising events

    total $41,001 · excluded $41,001

  • 11a · Other revenue: ADVERTISING

    total $50,599 · unrelated business $50,599

  • 11b · Other revenue: OTHER INCOME

    total $28,910 · related or exempt $28,910

  • 11e · Other revenue, total

    $79,509

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,040,132 · program services $4,040,132

  • 2 · Grants to domestic individuals

    total $252,750 · program services $252,750

  • 5 · Compensation of officers, directors and key employees

    total $839,019 · program services $266,928 · management and general $454,433 · fundraising $117,658

  • 7 · Other salaries and wages

    total $1,405,452 · program services $807,865 · management and general $425,041 · fundraising $172,546

  • 8 · Pension plan contributions

    total $96,596 · program services $46,767 · management and general $37,466 · fundraising $12,363

  • 9 · Other employee benefits

    total $378,017 · program services $195,050 · management and general $134,639 · fundraising $48,328

  • 10 · Payroll taxes

    total $160,967 · program services $77,933 · management and general $62,433 · fundraising $20,601

  • 11b · Fees: legal

    total $56,841 · program services $44,197 · management and general $11,032 · fundraising $1,612

  • 11c · Fees: accounting

    total $56,373 · program services $400 · management and general $55,973

  • 11d · Fees: lobbying

    total $5,000 · management and general $5,000

  • 11f · Fees: investment management

    total $103,370 · management and general $103,370

  • 11g · Fees: other

    total $738,970 · program services $667,414 · management and general $17,080 · fundraising $54,476

  • 12 · Advertising and promotion

    total $48,959 · program services $30,655 · management and general $12,845 · fundraising $5,459

  • 13 · Office expenses

    total $76,693 · program services $34,435 · management and general $22,234 · fundraising $20,024

  • 14 · Information technology

    total $358,789 · program services $173,098 · management and general $156,517 · fundraising $29,174

  • 16 · Occupancy

    total $94,314 · program services $53,927 · management and general $32,118 · fundraising $8,269

  • 17 · Travel

    total $29,742 · program services $19,834 · management and general $7,725 · fundraising $2,183

  • 19 · Conferences, conventions and meetings

    total $20,343 · program services $13,004 · management and general $3,879 · fundraising $3,460

  • 20 · Interest

    total $30,044 · program services $30,044

  • 22 · Depreciation, depletion and amortization

    total $69,619 · program services $34,097 · management and general $27,691 · fundraising $7,831

  • 23 · Insurance

    total $20,207 · program services $9,106 · management and general $8,828 · fundraising $2,273

  • 24a · Other expenses: ALL OTHER EXPENSES

    total $327,242 · program services $253,280 · management and general $48,717 · fundraising $25,245

  • 24b · Other expenses: IQ MAG/ANNUAL REPORT

    total $128,367 · program services $123,706 · management and general $4,661

  • 24c · Other expenses: MEMBERSHIPS

    total $37,185 · program services $25,904 · management and general $8,368 · fundraising $2,913

  • 24d · Other expenses: TRAINING

    total $21,492 · program services $21,492

  • 24e · All other expenses

    total -$34,307 · program services -$34,287 · fundraising -$20

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,334,391 · end of year $9,890,703

  • 2 · Savings and temporary cash investments

    beginning of year $845,968 · end of year $508,100

  • 3 · Pledges and grants receivable

    beginning of year $3,321,493 · end of year $2,756,617

  • 4 · Accounts receivable

    beginning of year $141,931 · end of year $77,320

  • 5 · Loans and receivables from officers and key people

    end of year $85,628

  • 7 · Other notes and loans receivable

    beginning of year $10,150,378 · end of year $10,494,986

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,154 · end of year $168,739

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

    $3,076,469

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

    $1,421,266

  • 10c · Land, buildings and equipment, net

    beginning of year $1,628,432 · end of year $1,655,203

  • 11 · Investments: publicly traded securities

    beginning of year $57,485,056 · end of year $64,351,437

  • 12 · Investments: other securities

    beginning of year $16,813,558 · end of year $18,524,426

  • 15 · Other assets

    beginning of year $0 · end of year $495,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $434,552 · end of year $486,848

  • 18 · Grants payable

    beginning of year $1,523,812 · end of year $1,175,407

  • 19 · Deferred revenue

    beginning of year $274,143 · end of year $3,155,428

  • 21 · Escrow or custodial account liability

    beginning of year $1,890,401 · end of year $2,162,694

  • 23 · Secured mortgages and notes payable

    beginning of year $746,263 · end of year $426,380

  • 24 · Unsecured notes and loans payable

    beginning of year $2,539,099 · end of year $1,042,442

  • 27 · Net assets without donor restrictions

    beginning of year $49,433,984 · end of year $54,486,706

  • 28 · Net assets with donor restrictions

    beginning of year $41,977,107 · end of year $46,072,254

Mission and programs · 2023

Mission

TO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.

  • COMMUNITY CHILD CARE SOLUTIONS: THE CHILD CARE SOLUTIONS PROGRAM PLAYED A CRUCIAL ROLE IN IMPROVING ACCESS TO AFFORDABLE, HIGH-QUALITY CHILD CARE BY SUPPORTING QUALIFIED EARLY CARE PROFESSIONALS. IN 2023, $275,000 WAS ALLOCATED TO PARTNER ORGANIZATIONS TO PROMOTE ECONOMIC GROWTH THROUGH EXPANDED CHILD CARE OPTIONS AND A QUALIFIED EARLY CHILDHOOD WORKFORCE. THE INITIATIVE FOUNDATION PROVIDED FUNDING TO ASSIST 10 COMMUNITIES IN CENTRAL MINNESOTA IN DEVELOPING STRATEGIC PLANS TO ADDRESS THE SHORTAGE OF CHILD CARE. THESE EFFORTS RESULTED IN THE OPENING OF TWO NEW CHILD CARE CENTERS AND SEVERAL FAMILY CHILD CARE BUSINESSES, CREATING OVER 900 NEW CHILD CARE SLOTS IN THE REGION. FURTHERMORE, OVER 250 CHILD CARE PROGRAMS RECEIVED NO-COST BUSINESS TRAINING, COACHING, AND TECHNICAL ASSISTANCE TO IMPROVE THEIR BUSINESS SKILLS. MORE THAN 200 PROFESSIONALS IN CENTRAL MN ALSO RECEIVED SPECIALIZED DEVELOPMENTAL AND SAFETY TRAINING, INCLUDING CPR, FIRST AID, AND CHILD GUIDANCE MENTORING, TO ENHANCE THEIR QUALITY RATING SCORES AND EARNING POTENTIAL. THE THREE LOCAL REGIONAL COMMUNITY COLLEGES COLLABORATED ON EARLY CHILDHOOD WORKFORCE INITIATIVES, ENABLING 69 STUDENTS TO OBTAIN TUITION-FREE CREDENTIALS TO ENTER THE FIELD OR ADVANCE THEIR CAREERS.ENERGY TRANSITION: OUR LONG-STANDING SUPPORT FOR ECONOMIC DIVERSIFICATION ASSOCIATED WITH THE DECOMMISSIONING OF THE SHERBURNE COUNTY COAL GENERATION STATION HELPED LEVERAGE $26 MILLION IN STATE BONDING, WHICH CONTINUES TO YIELD BENEFITS FOR BECKER AND OTHER SURROUNDING COMMUNITIES. WE ALSO SECURED NEW FUNDING FROM THE MCKNIGHT FOUNDATION TO SUPPORT CLEAN ENERGY PILOT PROJECTS THAT BENEFIT THEIR HOSTS ECONOMICALLY. OUR MOST RECENT CLEAN-ENERGY PILOT PROJECT SUPPORTED AN ANALYSIS OF THE COST-BENEFIT OF RENEWABLE ENERGY INVESTMENTS AT ELK RIVER (SHERBURNE COUNTY) AND WALKER (CASS COUNTY) FOOD SHELVES. THIS ANALYSIS WILL HELP BOTH PARTNERS SECURE GRANTS FOR INSTALLATION SO THEY CAN QUICKLY RETIRE ANY DEBT AND GENERATE REVENUE.WE CONTINUE TO SUPPORT THE NORTHERN LANDS AND WATERS TRUST'S EXPLORATION OF USING LAND EASEMENTS TO ENCOURAGE THE RESTORATION OF WOODY BIOMASS IN MARGINAL LANDS, WHICH WOULD CAPTURE CARBON BEFORE IT ENTERS THE ATMOSPHERE. HEALTHY LAKES AND RIVERS PARTNERSHIP (HLRP): FOUNDATION STAFF HAVE PARTICIPATED IN ASSESSMENTS AND ASSISTED IN DEVELOPING RECOMMENDATIONS TO SUPPORT THE REAUTHORIZATION OF THE STATE'S ENVIRONMENT AND NATURAL RESOURCES TRUST FUND (ENRTF), COMMONLY CALLED "THE LOTTERY FUND." THE FUND IS DUE TO EXPIRE IN 2024. SINCE INDIGENOUS PEOPLE ARE OFTEN UNREPRESENTED IN TRADITIONAL CONSERVATION GROUPS, WE HAVE PROVIDED A GRANT SO THAT INDIGENOUS PEOPLE HAVE A VOICE IN THE REAUTHORIZATION DISCUSSIONS. A PRIMARY GOAL OF OUR ENGAGEMENT AND ADVOCACY IS CREATING A "COMMUNITY GRANTMAKING POOL" THAT WILL INCLUDE DIVERSE REPRESENTATION TO OVERCOME THE BARRIERS TO ACCESSING THE CURRENT SYSTEM. REAUTHORIZATION OF THE ENRTF WILL APPEAR ON THE AUTUMN BALLOT AS A REFERENDUM. IT WILL ESTABLISH A $22 MILLION ANNUAL GRANTMAKING POOL TO BETTER SERVE RURAL, BIPOC, AND OTHER COMMUNITIES THAT THIS PROGRAM HAS HISTORICALLY UNDERSERVED.GRANTMAKING: OUR DISCRETIONARY GRANTMAKING IS DISTRIBUTED FROM THE INNOVATION FUND AND THE ECONOMIC DEVELOPMENT FUND. COLLECTIVELY, THESE EFFORTS SUPPORTED NEARLY $400,000 IN 2023 GRANTS. WE ALSO AWARDED OVER $4 MILLION IN MINNESOTA MAIN STREET ECONOMIC REVITALIZATION GRANTS TO BUSINESSES WITHIN QUALIFIED COMMUNITIES. THE INVESTMENTS SERVED AS MATCHING FUNDS TO SPUR PRIVATE REINVESTMENT IN DOWNTOWNS ADVERSELY IMPACTED BY THE PANDEMIC AND ASSOCIATED REGULATIONS. ABOUT ONE-HALF OF THESE FUNDS HAVE BEEN DISTRIBUTED AS PROJECTS ARE COMPLETED.NONPROFIT DEVELOPMENT: THE NONPROFIT ACADEMY SUITE OF PROGRAMS, INCLUDING EXECUTIVE ROUNDTABLE, VIBRANT AND EQUITABLE COMMUNITIES COHORTS, FUNDRAISING SUMMITS, CONTINUOUS IMPROVEMENT, AND VARIOUS SINGLE-DAY TRAININGS AND LUNCHTIME LEARNING SESSIONS, SERVED 129 TOTAL ORGANIZATIONS AND MORE THAN 219 UNIQUE PARTICIPANTS FROM ACROSS THE REGION AND BEYOND. VIBRANT AND EQUITABLE COMMUNITIES COHORTS FOCUSED ON ORGANIZATIONS LED BY AND SERVING UNDERSERVED COMMUNITIES. IN 2023, THE NONPROFIT ACADEMY PROGRAM PROVIDED CONSULTING, TRAINING, AND MORE THAN $250,000 IN GRANTS TO SUPPORT SPECIFIC REGIONAL NONPROFIT PROJECTS. NONPROFIT ACADEMY FURTHER REFINED THE INITIATIVE FOUNDATION'S CONTINUOUS IMPROVEMENT PROGRAM, OPENING THE TRAINING TO LOCAL GOVERNMENT UNITS AND NONPROFIT ORGANIZATIONS. AS A RESULT, SEVERAL PARTICIPANTS IDENTIFIED AND IMPLEMENTED ORGANIZATIONAL IMPROVEMENTS THAT INCREASED THEIR EFFICIENCY AND EFFECTIVENESS.

    Expenses $1,146,066 · Grants $435,583 · Revenue $72,827

  • ECONOMYLOANS: THE FOUNDATION APPROVED 33 SMALL BUSINESS LOANS TOTALING $2,643,304 IN 2023 (INCLUDING 12 MICROLOANS TOTALING $355,889 TO DIVERSE ENTREPRENEURS). TO STRENGTHEN AND SUSTAIN OUR MICROLENDING NETWORK, WE MAINTAIN FUNDING AND REFERRAL RELATIONSHIPS WITH MANY PARTNERS, INCLUDING ECONOMIC DEVELOPMENT ORGANIZATIONS, LOCAL AND REGIONAL BANKS, CREDIT UNIONS, NONPROFITS, SMALL BUSINESS DEVELOPMENT CENTERS, AND MORE. THE INITIATIVE FOUNDATION CONTINUED TO OFFER FLEXIBILITY TO LOAN CLIENTS EXPERIENCING LONG-TERM ECONOMIC OR ORGANIZATIONAL CHALLENGES BECAUSE OF THE PANDEMIC.INITIATORS FELLOWSHIP: THE PROGRAM SAW SEVEN INDIVIDUALS COMPLETE THE THIRD TWO-YEAR COHORT (2022-23). WE ALSO SUCCESSFULLY RECRUITED AND SELECTED NINE FELLOWS FOR THE FOURTH COHORT (2024-25). THE FELLOWSHIP SERVES 53 COUNTIES AND SIX NATIVE NATIONS IN REGIONS REPRESENTED BY THE INITIATIVE FOUNDATION, SOUTHWEST INITIATIVE FOUNDATION, WEST CENTRAL INITIATIVE, AND NORWEST MINNESOTA FOUNDATION. THE PROGRAM HAS GRANTED 18 FELLOWSHIPS SINCE INCEPTION, WITH PARTICIPANTS BENEFITING FROM MORE THAN $1.3 MILLION IN DIRECT PROGRAM INVESTMENTS, RANGING FROM STIPENDS TO PROFESSIONAL DEVELOPMENT TO MENTORSHIP, AND HAVE LEVERAGED MORE THAN $1 MILLION IN OUTSIDE INVESTMENTS. THE INITIATORS FELLOWSHIP IS THE PREMIER PROGRAM IN THE STATE SERVING RURAL CHANGEMAKERS WITH A TWO-YEAR SUITE OF SUPPORT INCLUDING TRAINING, MENTORING, AND FUNDING FOR BEGINNING OR EARLY-STAGE SOCIAL ENTREPRENEURSHIP. THESE GREATER MINNESOTA LEADERS ARE HELPING TO BUILD THE ECONOMY AND QUALITY OF LIFE IN THEIR HOMETOWNS BY DEVELOPING PURPOSE-DRIVEN, FOR-PROFIT BUSINESSES, AND NONPROFIT ORGANIZATIONS WITH A POSITIVE SOCIAL OR ENVIRONMENTAL IMPACT.ENTERPRISE ACADEMY AND SMALL BUSINESS SUPPORT: THE ENTERPRISE ACADEMY PROGRAM PROVIDES BUSINESS TRAINING, ONE-ON-ONE TECHNICAL ASSISTANCE, AND DIRECT LENDING TO DIVERSE AND UNDERSERVED ENTREPRENEURS. SINCE ITS LAUNCH IN 2018, THE PROGRAM HAS SERVED OVER 400 LOW-INCOME OR MINORITY ENTREPRENEURS. THIS INCLUDES 186 GRADUATES FROM ITS 12-WEEK INTENSIVE BUSINESS TRAINING PROGRAM, AND HAS HELPED NUMEROUS PARTICIPANTS IN LAUNCHING BUSINESSES AND BUILDING WEALTH. IN 2023, THE PROGRAM SIGNIFICANTLY EXPANDED, OFFERING SEVEN COHORTS. BY THE END OF THE YEAR, THE PROGRAM HAD GRADUATED 22 COHORTS AND EXPANDED INTO LONG PRAIRIE, MN. THE PROGRAM IS ONE OF THE FEW IN GREATER MINNESOTA DEDICATED TO ACCELERATING THE SUCCESS OF UNDERSERVED ENTREPRENEURS WITH COMPREHENSIVE SUPPORT AND TRAINING. THE ENTREPRENEURSHIP PROGRAMS TEAM PROVIDED OVER 2,000 HOURS OF FREE ONE-ON-ONE AND GROUP BUSINESS COACHING TO MORE THAN 260 UNDERSERVED ENTREPRENEURS.WORKFORCE DEVELOPMENT: ATTRACTION, DEVELOPMENT, AND RETENTION OF A SKILLED WORKFORCE REMAIN A PRIMARY INTEREST TO EMPLOYERS THROUGHOUT OUR REGION AND A NAMED STRATEGIC PRIORITY OF THE FOUNDATION. TO SUPPORT GROWTH EFFORTS AND THE DEVELOPMENT OF TECHNOLOGY TOOLS AND PROGRAMS TO ATTRACT AND RETAIN SKILLED WORKERS, THE FOUNDATION PROVIDED FUNDING AND OTHER SUPPORTS FOR LOCALLY DRIVEN STRATEGIC PLANNING INITIATIVES, LINKING FUNDERS, EDUCATIONAL INSTITUTIONS, AND EMPLOYERS. FOCUSED OUTREACH WITH COMMUNITY BANKS, CHAMBERS OF COMMERCE, AND VOLUNTEER BUSINESS GROUPS, COMBINED WITH TARGETED ECONOMIC DEVELOPMENT GRANTMAKING, REMAINS A PRIORITY TO INCREASE LOANS AND TECHNICAL ASSISTANCE OPPORTUNITIES IN ALL COMMUNITIES.

    Expenses $4,234,999 · Grants $2,717,002 · Revenue $764,565

  • GENEROSITYPARTNER FUND PERFORMANCE: THE COMMUNITY PHILANTHROPY TEAM ASSISTED THE FOUNDATION'S 137 PARTNER FUNDS IN FACILITATING 381 GRANTS FOR $1.14 MILLION IN REGIONAL AWARDS. TOTAL PARTNER FUND GRANTMAKING DECLINED IN 2023 COMPARED TO 2022 BUT REMAINED STRONG OVERALL. THE 19 FUNDS THAT HOSTED OPEN GRANT ROUNDS RECEIVED 477 APPLICATIONS. THE AVERAGE PARTNER FUND GRANT IN 2023 WAS $2,992. IN 2023, DONATIONS TO PARTNER FUNDS TOTALED $1,848,432, INCLUDING $431,822 TO ENDOWMENTS, $711,375 TO QUASI-ENDOWED FUNDS, $615,707 TO NON-ENDOWED FUNDS, AND $89,528 IN EVENTS REVENUE. TRAINING WAS OFFERED TO VOLUNTEERS THROUGH COORDINATED MARKETING FROM THE NONPROFIT ACADEMY PROGRAM. LARGE-SCALE SYSTEM IMPROVEMENTS BEGAN IN 2023, WITH AN EXPECTED COMPLETION DATE OF Q2 2024. DONOR AND VOLUNTEER EXPERIENCES ARE BEING STREAMLINED AND IMPROVED BY LEVERAGING TECHNOLOGY INNOVATIONS.

    Expenses $1,806,666 · Grants $1,140,297

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KIM ELLINGSON

    TRUSTEE/CHAIR

    Total calculated
    $0
    Hours/week
    2

  • DAVID MONROY

    TRUSTEE/VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • BRETT ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CARRIE WILLIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JESSICA BITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOE NAYQUONABE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JULIE NELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TIM NELSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRISTI WESTBROCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATEO MACKBEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBBYN WACKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SANTO CRUZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TERI HOGGARTH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAN WEBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOE MULFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN VOERDING

    PRESIDENT

    Total calculated
    $133,038
    From this org
    $109,471
    From related orgs
    $0
    Other
    $23,567
    Hours/week
    40

  • MICHELE MILLER

    CFO

    Total calculated
    $130,736
    From this org
    $102,859
    From related orgs
    $0
    Other
    $27,877
    Hours/week
    40

  • DON HICKMAN

    VICE PRESIDENT FOR COMMUNI

    Total calculated
    $169,512
    From this org
    $145,945
    From related orgs
    $0
    Other
    $23,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,945
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,567
    Filer's total
    $169,512

  • LYNN BUSHINGER

    COO/CFO/TREASURER (FORMER)

    Total calculated
    $253,592
    From this org
    $205,443
    From related orgs
    $0
    Other
    $48,149
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,443
    Bonus
    $0
    Other
    $0
    Deferred
    $19,040
    Nontaxable benefits
    $29,109
    Filer's total
    $253,592

  • MATT VARILEK

    PRESIDENT (FORMER)

    Total calculated
    $152,598
    From this org
    $134,549
    From related orgs
    $0
    Other
    $18,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,810
    Bonus
    $0
    Other
    $5,739
    Deferred
    $0
    Nontaxable benefits
    $18,049
    Filer's total
    $152,598

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

PART I, LINE 1A
FOR PERSONAL USE OF COMPANY VEHICLE.
PART I, LINE 1B
THERE ARE INTERNAL PROCEDURES TO ADDRESS TREATMENT OF THESE EXPENSES.

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.

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
2023
Filed
12 September 2024
IRS schema version
2023v5.1
Source object
202442609349300959

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.