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Nonprofiteer
← JUST CAPITAL FOUNDATION INC

Form 990 for tax year 2024

Filed by JUST CAPITAL FOUNDATION INC.

Totals

Total revenue
$11,808,522
Total expenses
$10,665,626
Contributions and grants received
$11,041,028
Grants paid
$525,000
Program service revenue
$680,764
Investment income
$7,075
Other revenue
$79,655
Total assets, end of year
$5,019,521
Total liabilities, end of year
$2,379,492
Net assets or fund balances, end of year
$2,640,029
Program services expenses (Part IX)
$8,567,180
Management and general expenses
$1,251,984
Fundraising expenses
$846,462
Program service expenses (Part III)
$8,567,180

Program services were 80.3% 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.

  • 1f · All other contributions, gifts and grants

    $11,041,028

  • 2a · Program service revenue: DATA LICENSING

    total $206,600 · related or exempt $206,600

  • 2b · Program service revenue: SERVICE AGREEMENTS

    total $186,026 · related or exempt $186,026

  • 2c · Program service revenue: ETF REVENUE SHARE

    total $171,484 · related or exempt $171,484

  • 2d · Program service revenue: ADVISORY SERVICES

    total $106,783 · related or exempt $106,783

  • 2e · Program service revenue: CIL MEMBERSHIP FEES

    total $9,726 · related or exempt $9,726

  • 2f · All other program service revenue

    total $145 · related or exempt $145

  • 3 · Investment income

    total $7,075 · excluded $7,075

  • 6a · Gross rents

    real property $79,655

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $79,655

  • 6d · Net rental income or loss

    total $79,655 · excluded $79,655

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $525,000 · program services $525,000

  • 5 · Compensation of officers, directors and key employees

    total $2,269,493 · program services $1,388,659 · management and general $567,688 · fundraising $313,146

  • 7 · Other salaries and wages

    total $4,018,980 · program services $3,402,861 · management and general $298,289 · fundraising $317,830

  • 8 · Pension plan contributions

    total $119,374 · program services $102,323 · management and general $9,400 · fundraising $7,651

  • 9 · Other employee benefits

    total $1,010,382 · program services $839,560 · management and general $85,812 · fundraising $85,010

  • 10 · Payroll taxes

    total $437,998 · program services $339,931 · management and general $58,139 · fundraising $39,928

  • 11b · Fees: legal

    total $19,225 · program services $7,400 · management and general $11,825

  • 11c · Fees: accounting

    total $40,900 · management and general $40,900

  • 11g · Fees: other

    total $368,542 · program services $313,772 · management and general $52,870 · fundraising $1,900

  • 12 · Advertising and promotion

    total $69,706 · program services $69,706

  • 13 · Office expenses

    total $26,666 · program services $21,888 · management and general $2,880 · fundraising $1,898

  • 14 · Information technology

    total $565,586 · program services $515,187 · management and general $39,199 · fundraising $11,200

  • 16 · Occupancy

    total $617,021 · program services $506,448 · management and general $66,649 · fundraising $43,924

  • 17 · Travel

    total $75,667 · program services $69,971 · management and general $3,808 · fundraising $1,888

  • 19 · Conferences, conventions and meetings

    total $366,616 · program services $354,101 · fundraising $12,515

  • 22 · Depreciation, depletion and amortization

    total $44,882 · program services $36,839 · management and general $4,848 · fundraising $3,195

  • 23 · Insurance

    total $36,835 · program services $30,205 · management and general $4,052 · fundraising $2,578

  • 24a · Other expenses: OTHER

    total $22,366 · program services $18,387 · management and general $2,343 · fundraising $1,636

  • 24b · Other expenses: RECRUITMENT & TRAINING

    total $19,879 · program services $16,317 · management and general $2,147 · fundraising $1,415

  • 24c · Other expenses: EQUIPMENT

    total $10,508 · program services $8,625 · management and general $1,135 · fundraising $748

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,577 · end of year $12,434

  • 2 · Savings and temporary cash investments

    beginning of year $663,016 · end of year $1,716,909

  • 3 · Pledges and grants receivable

    beginning of year $1,246,367 · end of year $1,277,861

  • 4 · Accounts receivable

    beginning of year $74,865 · end of year $204,018

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205,690 · end of year $251,933

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

    $229,238

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

    $211,980

  • 10c · Land, buildings and equipment, net

    beginning of year $22,140 · end of year $17,258

  • 14 · Intangible assets

    beginning of year $176,667 · end of year $136,667

  • 15 · Other assets

    beginning of year $1,841,954 · end of year $1,402,441

  • 17 · Accounts payable and accrued expenses

    beginning of year $635,715 · end of year $301,679

  • 18 · Grants payable

    end of year $200,000

  • 19 · Deferred revenue

    beginning of year $94,776 · end of year $362,129

  • 25 · Other liabilities

    beginning of year $2,015,652 · end of year $1,515,684

  • 27 · Net assets without donor restrictions

    beginning of year -$537,560 · end of year $76,432

  • 28 · Net assets with donor restrictions

    beginning of year $2,034,693 · end of year $2,563,597

Mission and programs · 2024

Mission

JUST CAPITAL'S MISSION IS TO BUILD A MORE JUST ECONOMY THAT WORKS FOR ALL AMERICANS BY HELPING COMPANIES IMPROVE HOW THEY SERVE ALL THEIR STAKEHOLDERS - WORKERS, CUSTOMERS, COMMUNITIES, THE ENVIRONMENT, AND SHAREHOLDERS - AS DEFINED BY THE PUBLIC.

Activities or mission (Part I)

THE MISSION OF JUST CAPITAL, AN INDEPENDENT NONPROFIT, IS TO DEMONSTRATE HOW JUST BUSINESS DEFINED BY THE PRIORITIES OF THE AMERICAN PUBLIC IS BETTER BUSINESS.

  • JUST CAPITAL IS THE ONLY INDEPENDENT NONPROFIT THAT TRACKS, ANALYZES, AND ENGAGES WITH LARGE CORPORATIONS AS WELL AS THEIR INVESTORS ON HOW THEY PERFORM ON THE AMERICAN PUBLIC'S PRIORITIES. OUR RESEARCH, RANKINGS, INDEXES, AND DATA-DRIVEN TOOLS EMPOWER ALL MARKET PARTICIPANTS TO HELP BUILD AN ECONOMY THAT WORKS FOR ALL AMERICANS. WE POLL AMERICANS EVERY YEAR TO IDENTIFY THE ISSUES THAT MATTER MOST IN DEFINING JUST BUSINESS BEHAVIOR TODAY. WE THEN DEFINE METRICS THAT MAP TO THOSE ISSUES AND TRACK AND ANALYZE THE LARGEST, PUBLICLY TRADED U.S. COMPANIES. SINCE 2015 WE'VE SURVEYED NEARLY 185,000 AMERICANS ON THEIR PRIORITIES FOR CAPITALISM AND JUST BUSINESS BEHAVIOR. OUR SURVEY RESEARCH NOT ONLY PROVIDES A CLEAR ROADMAP FOR WHAT ISSUES MATTER MOST TO THE AMERICAN PUBLIC WHEN IT COMES TO JUST BUSINESS BEHAVIOR, BUT ALSO DETAILS TIMELY, RELEVANT INSIGHTS INTO AMERICAN SENTIMENTS INTO THE MOST CRITICAL ISSUES OF OUR TIME.IN 2024, WE TRACKED, ANALYZED, AND RANKED 940 COMPANIES ACROSS FIVE STAKEHOLDER GROUPS, 17 ISSUES, AND 88 DATA POINTS. OF THESE COMPANIES, 560 REGISTERED FOR OUR CORPORATE PORTAL AND 274 ENGAGED WITH OUR DATA REVIEW PERIOD, REPRESENTING APPROXIMATELY 9 MILLION WORKERS, OVER 5% OF THE TOTAL U.S. WORKFORCE. 45% OF RANKED COMPANIES STATED THAT OUR WORK HELPED INFORM AND/OR PROMPT IMPLEMENTATION OF NEW POLICIES OR PRACTICES WITHIN THEIR ORGANIZATION, OR RESULTED IN GREATER PUBLIC DISCLOSURE. OF THOSE RESPONDENTS WHO NOTED OTHERWISE, 57% SAID THAT ENGAGEMENT WITH OUR WORK PROMPTED CONVERSATION OR CONSIDERATION ABOUT OPPORTUNITIES FOR IMPROVEMENT ON THE ISSUES WE COVER. OUR ANNUAL RANKINGS OF AMERICA'S MOST JUST COMPANIES SHOWCASED THE COMPANIES AT THE FOREFRONT OF STAKEHOLDER-DRIVEN LEADERSHIP, TRACKING HOW CORPORATE LEADERS DELIVERED VALUE TO ALL THEIR STAKEHOLDERS. IN 2024, WE CONTINUED OUR PARTNERSHIP WITH CNBC WHICH INCLUDES THE EXCLUSIVE RIGHTS TO PUBLISH THE JUST 100 LIST OF COMPANIES LEADING OUR RANKING OF AMERICA'S MOST COMPANIES, AS WELL AS ONGOING PROFILES AND SEGMENTS THAT ELEVATE STAKEHOLDER METRICS ON PAR WITH TRADITIONAL FINANCIAL METRICS TO DEFINE WHAT GOOD LOOKS LIKE REGARDING CORPORATE PERFORMANCE TODAY. IN ADDITION TO THE RANKINGS, THROUGHOUT 2024 WE BUILT OUT DATA-DRIVEN INSIGHTS AND PROGRAMMATIC INITIATIVES, PARTNERSHIPS, AND PRODUCTS TO DIRECTLY ENCOURAGE AND SUPPORT CORPORATIONS TO ADOPT MORE JUST BUSINESS PRACTICES. JUST CAPITAL ALSO HELPS DRIVE CAPITAL TOWARD MORE JUST COMPANIES THROUGH DEVELOPING INVESTMENT PRODUCTS, CONVENING INVESTORS FOR TIMELY CONVERSATIONS, AND DEMONSTRATING THE CONNECTION BETWEEN STAKEHOLDER PERFORMANCE AND MARKET PERFORMANCE. JUST CAPITAL POLLING HAS SHOWN THAT AMERICAN PEOPLE WANT COMPANIES TO CREATE VALUE FOR ALL THEIR STAKEHOLDERS AS A PATH TO CREATING MORE VALUE FOR THEIR SHAREHOLDERS, FOR THEMSELVES, AND FOR SOCIETY AT LARGE. THROUGHOUT THE COMING YEAR, JUST'S RESEARCH, POLLING, ANALYSIS, AND PROGRAMS WILL WORK TO INCENTIVIZE, GUIDE, AND SUPPORT COMPANIES' EFFORTS TO REBUILD TRUST WITH AND CREATE PATHWAYS FOR PROSPERITY FOR ALL STAKEHOLDERS.

    Expenses $8,567,180 · Grants $525,000 · Revenue $680,764

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ALAN H FLEISCHMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AMY LIU

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ANDREA JUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANNETTE NAZARETH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ARIANNA HUFFINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAN ARIELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAN HESSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAN SCHULMAN

    CHAIRMAN, DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • DAVID KAMENETZKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HOLLY GORDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JASON WINGARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JIM BILDNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN ROGERS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KIP TINDELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LAUREL BRITTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MARC H MORIAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK WEINBERGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MICHAEL WEINSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • MINDY LUBBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAT RUSSO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAUL T JONES II

    EMERITUS CHAIR, DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • PETER GEORGESCU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • RAY CHAMBERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • RINALDO BRUTOCO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ROBERT DEUTSCH

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • ROOSEVELT GILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • SUSHMITA BANERJEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • XAVIER DE SOUZA BRIGGS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALISON OMENS

    PRESIDENT

    Total calculated
    $374,942
    From this org
    $295,970
    From related orgs
    $0
    Other
    $78,972
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $295,500
    Bonus
    $0
    Other
    $470
    Deferred
    $11,500
    Nontaxable benefits
    $67,472
    Filer's total
    $374,942

  • MARTIN WHITTAKER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $720,000
    From this org
    $650,360
    From related orgs
    $0
    Other
    $69,640
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $500,000
    Bonus
    $150,000
    Other
    $360
    Deferred
    $20,000
    Nontaxable benefits
    $49,640
    Filer's total
    $720,000

  • RYAN D O'GRADY

    SEN. DIR., FIN AND OPERATIONS

    Total calculated
    $186,180
    From this org
    $133,220
    From related orgs
    $0
    Other
    $52,960
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,820
    Bonus
    $0
    Other
    $400
    Deferred
    $5,469
    Nontaxable benefits
    $47,491
    Filer's total
    $186,180

  • TERESA YUNG

    CHIEF FIN. AND OPS (OUTGOING)

    Total calculated
    $343,398
    From this org
    $281,387
    From related orgs
    $0
    Other
    $62,011
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,504
    Bonus
    $0
    Other
    $119,883
    Deferred
    $6,665
    Nontaxable benefits
    $55,346
    Filer's total
    $343,398

  • MOHAMMAD TAHIR KHAN

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $337,355
    From this org
    $262,240
    From related orgs
    $0
    Other
    $75,115
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $261,800
    Bonus
    $0
    Other
    $440
    Deferred
    $10,600
    Nontaxable benefits
    $64,515
    Filer's total
    $337,355

  • TOLU LAWRENCE

    CHIEF IMPACT OFFICER

    Total calculated
    $307,617
    From this org
    $232,400
    From related orgs
    $0
    Other
    $75,217
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $232,000
    Bonus
    $0
    Other
    $400
    Deferred
    $9,128
    Nontaxable benefits
    $66,089
    Filer's total
    $307,617

  • BENJAMIN KING

    MD CORPORATE STRATEGY & ENGMT.

    Total calculated
    $249,466
    From this org
    $174,710
    From related orgs
    $0
    Other
    $74,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,250
    Bonus
    $0
    Other
    $460
    Deferred
    $4,667
    Nontaxable benefits
    $70,089
    Filer's total
    $249,466

  • JENNIFER TONTI

    MD SURVEY RES. & INSIGHTS

    Total calculated
    $230,637
    From this org
    $177,220
    From related orgs
    $0
    Other
    $53,417
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,800
    Bonus
    $0
    Other
    $420
    Deferred
    $7,200
    Nontaxable benefits
    $46,217
    Filer's total
    $230,637

  • MONA PATNI

    SD QUANT RES. & ANALYTIC

    Total calculated
    $253,489
    From this org
    $190,400
    From related orgs
    $0
    Other
    $63,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,000
    Bonus
    $0
    Other
    $400
    Deferred
    $0
    Nontaxable benefits
    $63,089
    Filer's total
    $253,489

  • SHASHANK SHETH

    MANAGING DIRECTOR OF DATA

    Total calculated
    $243,895
    From this org
    $190,992
    From related orgs
    $0
    Other
    $52,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,592
    Bonus
    $0
    Other
    $400
    Deferred
    $7,692
    Nontaxable benefits
    $45,211
    Filer's total
    $243,895

  • TRACY STEWART

    MD INVESTOR STRATEGIES

    Total calculated
    $268,667
    From this org
    $224,781
    From related orgs
    $0
    Other
    $43,886
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,391
    Bonus
    $0
    Other
    $390
    Deferred
    $8,906
    Nontaxable benefits
    $34,980
    Filer's total
    $268,667

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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)

PART I, LINE 4A
TERESA YUNG-RODRIGUEZ RECEIVED TOTAL SEVERANCE OF $91,518 IN 2024. IN ADDITION, MS. YUNG RECEIVED HEALTHCARE CONTINUATION IN 2024 TOTALING $13,017. AN ADDITIONAL $10,606 IS ACCRUED TO 2024 BUT WILL COVER SUCH CONTINUATION THROUGH MARCH 2025.
PART I, LINE 7
THE BOARD OF DIRECTORS APPROVED THE BONUS FOR THE CHIEF EXECUTIVE OFFICER.

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

  • FINANCIAL HEALTH NETWORK

    $325,000

    PARTNERING WITH JUST CAPITAL AS AN "IMPACT PARTNER" ON IT'S CORPORATE IMPACT LAB AND ASSOCIATED ACTIVITIES. BRINGING EXPERTISE TO BEAR ON CRITICAL WORKFORCE ISSUES.

  • JOBS FOR THE FUTURE

    $175,000

    PARTNERING WITH JUST CAPITAL AS AN "IMPACT PARTNER" ON IT'S CORPORATE IMPACT LAB AND ASSOCIATED ACTIVITIES. BRINGING EXPERTISE TO BEAR ON CRITICAL WORKFORCE ISSUES.

  • GOOD JOBS INSTITUTE

    $25,000

    PARTNERING WITH JUST CAPITAL AS AN "IMPACT PARTNER" ON IT'S CORPORATE IMPACT LAB AND ASSOCIATED ACTIVITIES. BRINGING EXPERTISE TO BEAR ON CRITICAL WORKFORCE ISSUES.

Provenance

Return type
form_990
Tax year
2024
Filed
16 June 2025
IRS schema version
2024v5.1
Source object
202501759349301025

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