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Nonprofiteer
← STAND TOGETHER TRUST

Form 990 for tax year 2023

Filed by STAND TOGETHER TRUST.

Totals

Total revenue
$58,664,952
Total expenses
$157,422,681
Contributions and grants received
$57,558,542
Grants paid
$142,448,974
Program service revenue
$62,083
Investment income
-$182,847
Other revenue
$1,227,174
Total assets, end of year
$307,658,606
Total liabilities, end of year
$69,935,379
Net assets or fund balances, end of year
$237,723,227
Program services expenses (Part IX)
$150,616,160
Management and general expenses
$4,749,575
Fundraising expenses
$2,056,946
Program service expenses (Part III)
$150,616,160

Program services were 95.7% 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.

  • 1d · Related organizations

    $10,000,000

  • 1f · All other contributions, gifts and grants

    $47,558,542

  • 1g · Noncash contributions included above

    $2,421,135

  • 2a · Program service revenue: SERVICE REVENUE

    total $62,083 · related or exempt $62,083

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $166,924 · excluded $166,924

  • 6a · Gross rents

    real property $1,046,515

  • 6c · Rental income or loss

    real property $1,046,515 · personal property $0

  • 6d · Net rental income or loss

    total $1,046,515 · excluded $1,046,515

  • 7a · Gross sales of assets other than inventory

    securities $0

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

    securities $349,771

  • 7c · Gain or loss

    securities -$349,771 · other assets $0

  • 7d · Net gain or loss

    total -$349,771 · excluded -$349,771

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $174,859 · unrelated business $174,859

  • 11b · Other revenue: OTHER INCOME

    total $5,800 · excluded $5,800

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $180,659

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,348,974 · program services $142,348,974

  • 3 · Grants to foreign organizations and individuals

    total $100,000 · program services $100,000

  • 7 · Other salaries and wages

    total $3,194,224 · program services $3,187,732 · management and general $6,492

  • 8 · Pension plan contributions

    total $159,393 · program services $159,393

  • 9 · Other employee benefits

    total $271,008 · program services $270,078 · management and general $930

  • 10 · Payroll taxes

    total $250,631 · program services $250,177 · management and general $454

  • 11b · Fees: legal

    total $8,559 · management and general $8,559

  • 11c · Fees: accounting

    total $177,571 · management and general $177,571

  • 11g · Fees: other

    total $4,714,383 · program services $1,059,585 · management and general $1,642,302 · fundraising $2,012,496

  • 12 · Advertising and promotion

    total $445,063 · program services $162,500 · management and general $282,563

  • 13 · Office expenses

    total $26,469 · program services $9,953 · management and general $16,516

  • 16 · Occupancy

    total $1,571,082 · program services $1,413,974 · management and general $157,108

  • 17 · Travel

    total $331,188 · program services $329,590 · management and general $1,598

  • 19 · Conferences, conventions and meetings

    total $2,400,017 · program services $1,310,906 · management and general $1,044,661 · fundraising $44,450

  • 20 · Interest

    total $39,054 · management and general $39,054

  • 22 · Depreciation, depletion and amortization

    total $1,163,709 · management and general $1,163,709

  • 23 · Insurance

    total $1,373 · management and general $1,373

  • 24a · Other expenses: BANK FEES

    total $122,825 · management and general $122,825

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $97,158 · program services $13,298 · management and general $83,860

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,786,185 · end of year $1,339,061

  • 2 · Savings and temporary cash investments

    beginning of year $41,737,759 · end of year $15,093,433

  • 3 · Pledges and grants receivable

    beginning of year $11,026,500 · end of year $12,351,000

  • 4 · Accounts receivable

    beginning of year $1,253,260 · end of year $504,252

  • 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 $300,000 · end of year $300,000

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $514,861 · end of year $369,530

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

    $39,954,494

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

    $1,163,709

  • 10c · Land, buildings and equipment, net

    beginning of year $1,256,546 · end of year $38,790,785

  • 11 · Investments: publicly traded securities

    beginning of year $13,151,855 · end of year $69,990,705

  • 12 · Investments: other securities

    beginning of year $277,410,660 · end of year $125,051,365

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $7,309,086 · end of year $43,868,475

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,201,103 · end of year $48,261

  • 18 · Grants payable

    beginning of year $9,896,216 · end of year $5,093,666

  • 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 $22,100,000 · end of year $750,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,459,331 · end of year $64,043,452

  • 27 · Net assets without donor restrictions

    beginning of year $310,899,476 · end of year $216,731,097

  • 28 · Net assets with donor restrictions

    beginning of year $18,190,586 · end of year $20,992,130

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

STAND TOGETHER TRUST SEEKS TO FUND INITIATIVES AIMED AT RESEARCHING, ANALYZING, AND PUBLICIZING ACROSS A RANGE OF BROAD SOCIAL AND ECONOMIC ISSUES AFFECTING THE NATION AND THE WELL-BEING OF EVERY AMERICAN.

Activities or mission (Part I)

STAND TOGETHER TRUST PROVIDES SUPPORT TO A GROWING NETWORK OF SOCIAL ENTREPRENEURS - THOSE TACKLING THE MAJOR CHALLENGES OF OUR TIME IN A BROAD RANGE OF SOCIAL AND ECONOMIC ISSUES AND WORKS TO EMPOWER THEM WITH THE TOOLS AND SUPPORT NEEDED TO MAKE A FAR GREATER IMPACT TO HELP PEOPLE IMPROVE THEIR LIVES.

  • STAND TOGETHER TRUST PROVIDES SUPPORT TO A GROWING NETWORK OF SOCIAL ENTREPRENEURS - THOSE TACKLING THE MAJOR CHALLENGES OF OUR TIME IN A BROAD RANGE OF SOCIAL AND ECONOMIC ISSUES AND WORKS TO EMPOWER THEM WITH THE TOOLS AND SUPPORT NEEDED TO MAKE A FAR GREATER IMPACT TO HELP PEOPLE IMPROVE THEIR LIVES.

    Expenses $150,616,160 · Grants $142,448,974 · Revenue $62,083

As filed on the 2023 return.

Listed in Part VII

  • Brian Hooks

    Director

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Charles Chase Koch

    Director

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Dale Gibbens

    Director

    Total calculated
    $8,400
    From this org
    $0
    From related orgs
    $8,400
    Other
    $0
    Hours/week
    1 + 6 related

  • David L Robertson

    Director

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Brian Menkes

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Derek Johnson

    Executive Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Henrich Heuer

    Treasurer (Incoming)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Kara Hartnett

    Treasurer (Outgoing)

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Emily Schofield

    Director Grant Management

    Total calculated
    $164,661
    From this org
    $149,117
    From related orgs
    $0
    Other
    $15,544
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $119,117
    Bonus
    $30,000
    Other
    $0
    Deferred
    $8,942
    Nontaxable benefits
    $6,602
    Filer's total
    $164,661

  • Keri Hunter

    Director, K12 Education

    Total calculated
    $166,966
    From this org
    $140,947
    From related orgs
    $0
    Other
    $26,019
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,947
    Bonus
    $0
    Other
    $0
    Deferred
    $8,700
    Nontaxable benefits
    $17,319
    Filer's total
    $166,966

  • Nikolas Walker

    Director Free Speech & Peace

    Total calculated
    $177,478
    From this org
    $143,637
    From related orgs
    $0
    Other
    $33,841
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,637
    Bonus
    $30,000
    Other
    $0
    Deferred
    $7,200
    Nontaxable benefits
    $26,641
    Filer's total
    $177,478

  • Ryan Pitts

    Program Officer, Courageous Collaborations

    Total calculated
    $147,298
    From this org
    $132,710
    From related orgs
    $0
    Other
    $14,588
    Hours/week
    50

  • Vikrant Reddy

    Senior Fellow, Criminal Justice Reform

    Total calculated
    $212,631
    From this org
    $200,120
    From related orgs
    $0
    Other
    $12,511
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,120
    Bonus
    $0
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $511
    Filer's total
    $212,631

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

  • 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)

Schedule J, Part I, Line 7 Non-fixed payments
INCENTIVE COMPENSATION IS BASED ON EXTRAORDINARY EFFORTS AND SERVICES PROVIDED TO THE ORGANIZATION, NOT BASED ON FINANCIAL RESULTS OF THE ORGANIZATION.

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

  • SEE ATTACHED

    $140,221,943

    VARIOUS

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.

Disregarded entities

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

  • UNIVERSITY FUND LLC

    PROJECTS · DE · income $0 · assets $656,107

    Directly controlled by STT

  • ICTLL1 LLC

    EDUCATION · DE · income $0 · assets $304,959

    Directly controlled by STT

  • STT EVENTS LLC

    EVENTS · DE · income $0 · assets $0

    Directly controlled by STT

Related partnerships

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

  • STVL3 LLC

    Excluded · INVESTMENTS · DE · 65.22% owned · share of income $114,449 · share of assets $15,337,200

    Directly controlled by STT

  • TRUST VENTURES AI FUND LP

    Excluded · INVESTMENTS · DE · 99.8% owned · share of income $0 · share of assets $1,966,976

    Directly controlled by STT

  • 1888 NPO FUND LLC

    N/A · INVESTMENTS · KS

    Directly controlled by NA

Related corporations and trusts

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

  • PBM CENTER INC

    C Corporation · CONSULTING · DE · controlled entity

    Directly controlled by NA

  • CHARITABLE REMAINDER TRUST (2)

    Trust · CHARITABLE TRUST · VA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349300825

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