Skip to content
Nonprofiteer
← FERNWOOD GROUP FUND

Form 990 for tax year 2023

Filed by FERNWOOD GROUP FUND.

Totals

Total revenue
$60,608,784
Total expenses
$28,127,835
Contributions and grants received
$24,127,591
Grants paid
$22,729,000
Program service revenue
$0
Investment income
$36,481,193
Other revenue
$0
Total assets, end of year
$583,718,782
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$583,718,782
Program services expenses (Part IX)
$25,885,876
Management and general expenses
$2,241,959
Fundraising expenses
$0
Program service expenses (Part III)
$25,885,876

Program services were 92.0% 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

    $24,127,591

  • 3 · Investment income

    total $34,651,733 · excluded $34,651,733

  • 7a · Gross sales of assets other than inventory

    securities $136,505,492

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

    securities $134,676,032

  • 7c · Gain or loss

    securities $1,829,460

  • 7d · Net gain or loss

    total $1,829,460 · excluded $1,829,460

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $22,729,000 · program services $22,729,000

  • 11f · Fees: investment management

    total $1,216,339 · management and general $1,216,339

  • 11g · Fees: other

    total $4,068,491 · program services $3,156,876 · management and general $911,615

  • 23 · Insurance

    total $2,271 · management and general $2,271

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $111,709 · management and general $111,709

  • 24b · Other expenses: FILING FEES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,357,226 · end of year $12,487,359

  • 11 · Investments: publicly traded securities

    beginning of year $353,741,553 · end of year $437,762,096

  • 12 · Investments: other securities

    beginning of year $133,469,327 · end of year $133,469,327

  • 27 · Net assets without donor restrictions

    beginning of year $501,568,106 · end of year $583,718,782

Mission and programs · 2023

Mission

SEE EXPLANATION FOR PART I, LINE 1 ON SCHEDULE O.

Activities or mission (Part I)

FERNWOOD GROUP FUND CONDUCTS ACTIVITIES FOR THE EXCLUSIVE PURPOSE OF PROMOTING SOCIAL WELFARE, INCLUDING CHARITABLE ACTIVITIES, WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, PRIMARILY THROUGH THE MAKING OF GRANTS TO OTHER SOCIAL WELFARE ORGANIZATIONS.

  • $680,000 WAS GRANTED TO SUPPORT DATA FOR HEALTH; $6,811,000 WAS GRANTED TO SUPPORT EFFECTIVE POLICIES ON HEALTHY EATING; $1,293,000 WAS GRANTED TO COMBAT THE OPIOID CRISIS IN THE U.S.; $4,130,000 WAS GRANTED TO SUPPORT CARDIOVASCULAR HEALTH; $9,815,000 WAS GRANTED TO ACCELERATE TRANSITION TO CLEAN ENERGY.

    Expenses $25,885,876 · Grants $22,729,000

As filed on the 2023 return.

Listed in Part VII

  • RICHARD K DESCHERER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • PATRICIA E HARRIS

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    0.25

  • ALLISON JAFFIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • THOMAS H GOLDEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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.

Grants on this return

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.

Related corporations and trusts

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

  • WILLETT ADVISORS LLC

    C · INVESTMENT ADVISORS · NY · 100% owned · controlled entity

    Directly controlled by FERNWOOD GROUP FUND

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413209349304441

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.