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Nonprofiteer
← STAND TOGETHER FOUNDATION

Form 990 for tax year 2023

Filed by STAND TOGETHER FOUNDATION.

Totals

Total revenue
$12,881,613
Total expenses
$62,388,783
Contributions and grants received
$11,014,960
Grants paid
$36,009,405
Program service revenue
$0
Investment income
$1,199,577
Other revenue
$667,076
Total assets, end of year
$312,915,750
Total liabilities, end of year
$6,247,176
Net assets or fund balances, end of year
$306,668,574
Program services expenses (Part IX)
$56,529,138
Management and general expenses
$2,758,474
Fundraising expenses
$3,101,171
Program service expenses (Part III)
$56,529,138

Program services were 90.6% 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.

  • 1d · Related organizations

    $4,808,798

  • 1f · All other contributions, gifts and grants

    $6,206,162

  • 1g · Noncash contributions included above

    $706,222

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $1,140,434 · excluded $1,140,434

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $366,809,390

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

    securities $366,750,247

  • 7c · Gain or loss

    securities $59,143 · other assets $0

  • 7d · Net gain or loss

    total $59,143 · excluded $59,143

  • 11a · Other revenue: Partnership Income

    total $664,197 · unrelated business $664,197

  • 11b · Other revenue: Miscellaneous Income

    total $2,879 · excluded $2,879

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $667,076

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,009,405 · program services $36,009,405

  • 5 · Compensation of officers, directors and key employees

    total $671,078 · program services $624,103 · management and general $26,843 · fundraising $20,132

  • 7 · Other salaries and wages

    total $9,374,466 · program services $8,215,976 · management and general $977,711 · fundraising $180,779

  • 8 · Pension plan contributions

    total $419,828 · program services $369,448 · management and general $41,983 · fundraising $8,397

  • 9 · Other employee benefits

    total $710,010 · program services $622,267 · management and general $74,051 · fundraising $13,692

  • 10 · Payroll taxes

    total $689,961 · program services $607,166 · management and general $68,996 · fundraising $13,799

  • 11b · Fees: legal

    total $18,509 · management and general $18,509

  • 11c · Fees: accounting

    total $135,211 · management and general $135,211

  • 11g · Fees: other

    total $5,391,716 · program services $2,359,522 · management and general $539,172 · fundraising $2,493,022

  • 12 · Advertising and promotion

    total $4,339,844 · program services $3,819,063 · management and general $433,984 · fundraising $86,797

  • 13 · Office expenses

    total $289,957 · program services $84,044 · management and general $8,135 · fundraising $197,778

  • 14 · Information technology

    total $9,823 · program services $8,645 · management and general $982 · fundraising $196

  • 16 · Occupancy

    total $743,957 · program services $654,682 · management and general $74,396 · fundraising $14,879

  • 17 · Travel

    total $3,091,548 · program services $2,720,562 · management and general $309,155 · fundraising $61,831

  • 19 · Conferences, conventions and meetings

    total $436,814 · program services $384,397 · management and general $43,681 · fundraising $8,736

  • 20 · Interest

    total $49,314 · program services $43,397 · management and general $4,931 · fundraising $986

  • 23 · Insurance

    total $5,450 · program services $4,796 · management and general $545 · fundraising $109

  • 24a · Other expenses: BAD DEBT

    total $1,892 · program services $1,665 · management and general $189 · fundraising $38

  • 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 $13,908 · end of year $30,360

  • 2 · Savings and temporary cash investments

    beginning of year $26,684,798 · end of year $38,860,810

  • 3 · Pledges and grants receivable

    beginning of year $112,442 · end of year $292,168

  • 4 · Accounts receivable

    beginning of year $7,022 · end of year $4,208

  • 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 $618,159 · end of year $712,060

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $333,046,313 · end of year $273,016,144

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,138,762 · end of year $1,758,921

  • 18 · Grants payable

    beginning of year $0 · end of year $725,000

  • 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 $8,100,000 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,704,415 · end of year $3,763,255

  • 27 · Net assets without donor restrictions

    beginning of year $345,728,866 · end of year $306,060,475

  • 28 · Net assets with donor restrictions

    beginning of year $810,599 · end of year $608,099

  • 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

OUR MISSION IS TO BREAK THE CYCLE OF POVERTY IN AMERICA BY ENABLING PEOPLE TO LEARN, CONTRIBUTE AND REALIZE THEIR FULL POTENTIAL, CREATING LIVES OF MEANING AND FULFILLMENT. WE ARE LOOKING TO TRANSFORM THE SOCIAL SECTOR BY INVESTING IN BOTTOM-UP SOLUTIONS TO BUILD STRONG AND SAFE COMMUNITIES.

Activities or mission (Part I)

OUR MISSION IS TO UNLEASH THE POWER OF COMMUNITY TO SOLVE OUR COUNTRY'S TOUGHEST PROBLEMS AND HELP PEOPLE IMPROVE THEIR OWN LIVES.

  • GRANT MAKING AND ORGANIZATIONAL DEVELOPMENT SUPPORT - STAND TOGETHER FOUNDATION IS A VENTURE PHILANTHROPY ORGANIZATION THAT PARTNERS WITH THE MOST EFFECTIVE SOCIAL ENTREPRENEURS, NONPROFIT COMMUNITY-BASED ORGANIZATIONS, AND CHANGE-MAKERS TO HELP INCREASE THEIR IMPACT, EMPOWERING MORE INDIVIDUALS TO BREAK THE CYCLE OF POVERTY. STAND TOGETHER FOUNDATION PROVIDES FINANCIAL SUPPORT, BUSINESS MANAGEMENT EXPERTISE, AND CAPACITY BUILDING RESOURCES TO HELP ORGANIZATIONS STRENGTHEN THEIR OPERATIONS. UPON BEING SELECTED AS AN INVESTMENT, EACH ORGANIZATION PARTICIPATES IN A SIX-MONTH CATALYST PROGRAM WHICH INCLUDES FACILITATED WORKSHOP EXPERIENCES, ROBUST DISCUSSIONS, AND ONE-ON-ONE COACHING OPPORTUNITIES FOCUSED ON THE APPLICATION OF SOUND ECONOMIC AND BUSINESS THINKING TO THE SOCIAL SECTOR. THROUGHOUT THE PROGRAM, ORGANIZATIONS DEVELOP A PLAN FOR GROWTH AND RECEIVE MARKETING AND STORYTELLING SUPPORT. ORGANIZATIONS THAT ARE POISED TO SCALE AND REPLICATE ARE ELIGIBLE TO RECEIVE INCREASED LEVELS OF INVESTMENT FROM A VARIETY OF CAPABILITIES ACROSS THE STAND TOGETHER FOUNDATION ORGANIZATION. THE INCREASE IN INVESTMENTS CAN BE IN THE FORM OF MORE ROBUST ORGANIZATION DEVELOPMENT SERVICES, MARKETING AND COMMUNICATION SUPPORT, AND MOST ALWAYS ADDITIONAL FINANCIAL INVESTMENT.

    Expenses $56,529,138 · Grants $36,009,405

As filed on the 2023 return.

Listed in Part VII

  • Evan Feinberg

    Executive Director

    Total calculated
    $671,079
    From this org
    $632,075
    From related orgs
    $0
    Other
    $39,004
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $257,075
    Bonus
    $375,000
    Other
    $0
    Deferred
    $15,600
    Nontaxable benefits
    $23,404
    Filer's total
    $671,079

  • Antong Lucky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Hooks

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Dale Gibbens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • DeForest Buster Soaries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Katey Roberts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Menkes

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 5 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

  • Askia Ahmad

    Managing Director, Leadership Development

    Total calculated
    $291,621
    From this org
    $248,647
    From related orgs
    $0
    Other
    $42,974
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $173,647
    Bonus
    $75,000
    Other
    $0
    Deferred
    $15,300
    Nontaxable benefits
    $27,674
    Filer's total
    $291,621

  • Daron Babcock

    Director, Community Transformation

    Total calculated
    $240,108
    From this org
    $227,543
    From related orgs
    $0
    Other
    $12,565
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $227,543
    Bonus
    $0
    Other
    $0
    Deferred
    $3,404
    Nontaxable benefits
    $9,161
    Filer's total
    $240,108

  • Sara Peters

    Vice President, Impact

    Total calculated
    $380,325
    From this org
    $337,340
    From related orgs
    $0
    Other
    $42,985
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $212,340
    Bonus
    $125,000
    Other
    $0
    Deferred
    $13,692
    Nontaxable benefits
    $29,293
    Filer's total
    $380,325

  • William Dowell

    Managing Director, Catalyst Community

    Total calculated
    $308,428
    From this org
    $267,183
    From related orgs
    $0
    Other
    $41,245
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,183
    Bonus
    $100,000
    Other
    $0
    Deferred
    $13,627
    Nontaxable benefits
    $27,618
    Filer's total
    $308,428

  • William Dowling

    Managing Director of Product

    Total calculated
    $228,937
    From this org
    $209,708
    From related orgs
    $0
    Other
    $19,229
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,708
    Bonus
    $25,000
    Other
    $0
    Deferred
    $12,600
    Nontaxable benefits
    $6,629
    Filer's total
    $228,937

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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

    $35,981,955

    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.

  • STAND TOGETHER VENTURES LLC

    PHILANTHROPY · DE · income $0 · assets $0

    Directly controlled by STF

  • STAND TOGETHER-WIN TOGETHER

    PHILANTHROPY · DE · income $0 · assets $0

    Directly controlled by STF

Related partnerships

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

  • STVL3 LLC

    Excluded · INVESTMENTS · DE · 13.99% owned · share of income $33,502 · share of assets $2,363,045

    Directly controlled by STT

  • TRUST VENTURES AI FUND LP

    N/A · INVESTMENTS · DE

    Directly controlled by NA

  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349301767

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