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Nonprofiteer
← THE FUND FOR AMERICAN STUDIES

Form 990 for tax year 2023

Filed by THE FUND FOR AMERICAN STUDIES.

Totals

Total revenue
$21,154,255
Total expenses
$17,112,030
Contributions and grants received
$14,262,082
Grants paid
$2,134,290
Program service revenue
$5,522,245
Investment income
$1,001,838
Other revenue
$368,090
Total assets, end of year
$28,671,080
Total liabilities, end of year
$5,013,763
Net assets or fund balances, end of year
$23,657,317
Program services expenses (Part IX)
$13,702,523
Management and general expenses
$1,049,557
Fundraising expenses
$2,359,950
Program service expenses (Part III)
$13,702,523

Program services were 80.1% 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

    $1,000

  • 1e · Government grants (contributions)

    $906,092

  • 1f · All other contributions, gifts and grants

    $13,354,990

  • 1g · Noncash contributions included above

    $1,205,335

  • 2a · Program service revenue: TUITION

    total $5,378,797 · related or exempt $5,378,797

  • 2b · Program service revenue: CONFERENCES

    total $143,448 · related or exempt $143,448

  • 3 · Investment income

    total $606,360 · excluded $606,360

  • 7a · Gross sales of assets other than inventory

    securities $7,758,893

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

    securities $7,363,415

  • 7c · Gain or loss

    securities $395,478

  • 7d · Net gain or loss

    total $395,478 · excluded $395,478

  • 11d · All other revenue

    total $368,090 · related or exempt $368,090

  • 11e · Other revenue, total

    $368,090

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $141,506 · program services $141,506

  • 2 · Grants to domestic individuals

    total $1,481,334 · program services $1,481,334

  • 3 · Grants to foreign organizations and individuals

    total $511,450 · program services $511,450

  • 5 · Compensation of officers, directors and key employees

    total $896,567 · program services $600,136 · management and general $107,788 · fundraising $188,643

  • 7 · Other salaries and wages

    total $4,808,057 · program services $3,248,055 · management and general $567,248 · fundraising $992,754

  • 8 · Pension plan contributions

    total $133,155 · program services $82,360 · management and general $18,470 · fundraising $32,325

  • 9 · Other employee benefits

    total $335,767 · program services $207,681 · management and general $46,575 · fundraising $81,511

  • 10 · Payroll taxes

    total $364,195 · program services $225,265 · management and general $50,518 · fundraising $88,412

  • 11b · Fees: legal

    total $11,821 · program services $6,615 · management and general $1,304 · fundraising $3,902

  • 11c · Fees: accounting

    total $56,923 · program services $31,853 · management and general $6,280 · fundraising $18,790

  • 11e · Fees: professional fundraising services

    total $149,038 · fundraising $149,038

  • 11f · Fees: investment management

    total $62,519 · management and general $62,519

  • 11g · Fees: other

    total $222,437 · program services $185,807 · management and general $36,630

  • 12 · Advertising and promotion

    total $396,084 · program services $251,360 · management and general $13,368 · fundraising $131,356

  • 13 · Office expenses

    total $1,143,446 · program services $994,122 · management and general $33,690 · fundraising $115,634

  • 14 · Information technology

    total $35,036 · program services $23,450 · management and general $10,283 · fundraising $1,303

  • 16 · Occupancy

    total $220,547 · program services $202,679 · management and general $8,934 · fundraising $8,934

  • 17 · Travel

    total $629,849 · program services $536,702 · management and general $2,956 · fundraising $90,191

  • 19 · Conferences, conventions and meetings

    total $1,075,837 · program services $1,039,726 · management and general $18,015 · fundraising $18,096

  • 20 · Interest

    total $35,425 · program services $31,883 · management and general $1,771 · fundraising $1,771

  • 22 · Depreciation, depletion and amortization

    total $182,478 · program services $164,231 · management and general $9,123 · fundraising $9,124

  • 23 · Insurance

    total $161,335 · program services $90,281 · management and general $17,798 · fundraising $53,256

  • 24a · Other expenses: STUDENT HOUSING

    total $2,587,717 · program services $2,587,717

  • 24b · Other expenses: UNIVERSITY OVERHEAD

    total $544,945 · program services $544,945

  • 24c · Other expenses: DIRECT MAIL CAMPAIGN

    total $368,737 · fundraising $368,737

  • 24d · Other expenses: STUDENT RECRUITMENT

    total $281,957 · program services $261,179 · management and general $20,778

  • 24e · All other expenses

    total $273,868 · program services $252,186 · management and general $15,509 · fundraising $6,173

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,000 · end of year $1,000

  • 2 · Savings and temporary cash investments

    beginning of year $519,529 · end of year $452,551

  • 3 · Pledges and grants receivable

    beginning of year $2,720,511 · end of year $6,494,299

  • 4 · Accounts receivable

    beginning of year $337,176 · end of year $1,253,020

  • 9 · Prepaid expenses and deferred charges

    beginning of year $287,553 · end of year $255,195

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

    $4,304,234

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

    $3,281,974

  • 10c · Land, buildings and equipment, net

    beginning of year $1,080,704 · end of year $1,022,260

  • 11 · Investments: publicly traded securities

    beginning of year $15,314,447 · end of year $17,096,421

  • 12 · Investments: other securities

    beginning of year $249,405 · end of year $274,654

  • 14 · Intangible assets

    end of year $296,646

  • 15 · Other assets

    beginning of year $1,565,146 · end of year $1,525,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $838,255 · end of year $1,470,655

  • 19 · Deferred revenue

    beginning of year $10,944 · end of year $20,809

  • 23 · Secured mortgages and notes payable

    beginning of year $1,920,000 · end of year $1,920,000

  • 25 · Other liabilities

    beginning of year $1,307,696 · end of year $1,602,299

  • 27 · Net assets without donor restrictions

    beginning of year $6,511,732 · end of year $9,887,282

  • 28 · Net assets with donor restrictions

    beginning of year $11,486,844 · end of year $13,770,035

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • SEE SCHEDULE O

    Expenses $6,773,233 · Grants $1,741,456 · Revenue $5,890,335

  • SEE SCHEDULE O

    Expenses $4,140,575 · Grants $157,300

  • SEE SCHEDULE O

    Expenses $2,466,510 · Grants $235,534

  • OTHER PROGRAMS

    Expenses $322,205

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

Listed in Part VII

  • BRIDGETT WAGNER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • CAROLINE WEIL BARNETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHARLES R BLACK JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHRIS ULLMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • COLENE JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIEL H BRANCH

    SECRETARY AND GEN. COUNSEL

    Total calculated
    $0
    Hours/week
    2

  • DAVID STOVER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEREK MCCLAIN

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ERIC TANENBLATT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRANK J DONATELLI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRANK T LAUINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • FRED BARNES

    TRUSTEE (UNTIL 02/06/24)

    Total calculated
    $0
    Hours/week
    2

  • JADE WEST

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAMES B CULBERTSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFF CARNEAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN LEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • LINDSAY Y CRAIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAULA J DOBRIANSKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PETER MCPHERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • RANDAL C TEAGUE

    CHAIRMAN

    Total calculated
    $95,000
    From this org
    $95,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • ROBERT PRUGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROGER R REAM

    PRESIDENT

    Total calculated
    $509,318
    From this org
    $457,843
    From related orgs
    $0
    Other
    $51,475
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $375,009
    Bonus
    $77,500
    Other
    $5,334
    Deferred
    $35,700
    Nontaxable benefits
    $15,775
    Filer's total
    $509,318

  • THERESA KOSTRZEWA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM J HYBL

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • ROBERT J CALLAHAN

    CFO/VICE PRESIDENT, FINANC

    Total calculated
    $226,645
    From this org
    $184,058
    From related orgs
    $0
    Other
    $42,587
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $182,252
    Bonus
    $0
    Other
    $1,806
    Deferred
    $7,582
    Nontaxable benefits
    $35,005
    Filer's total
    $226,645

  • STEPHEN SLATTERY

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $242,203
    From this org
    $208,233
    From related orgs
    $0
    Other
    $33,970
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $206,427
    Bonus
    $0
    Other
    $1,806
    Deferred
    $8,424
    Nontaxable benefits
    $25,546
    Filer's total
    $242,203

  • EDWARD TURNER

    VICE PRESIDENT, DEVELOPMENT

    Total calculated
    $194,159
    From this org
    $187,056
    From related orgs
    $0
    Other
    $7,103
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $185,250
    Bonus
    $0
    Other
    $1,806
    Deferred
    $7,103
    Nontaxable benefits
    $0
    Filer's total
    $194,159

  • JAMES KLAUDER

    VP PUBLIC AFFAIRS AND DEVE

    Total calculated
    $173,497
    From this org
    $138,967
    From related orgs
    $0
    Other
    $34,530
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $130,964
    Bonus
    $0
    Other
    $8,003
    Deferred
    $5,540
    Nontaxable benefits
    $28,990
    Filer's total
    $173,497

  • JOSEPH STARRS

    DIRECTOR, US PROGRAMS

    Total calculated
    $174,330
    From this org
    $140,230
    From related orgs
    $0
    Other
    $34,100
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $137,458
    Bonus
    $0
    Other
    $2,772
    Deferred
    $5,650
    Nontaxable benefits
    $28,450
    Filer's total
    $174,330

  • SHANE MAZZELLA

    VP, COLLEGIATE PROGRAMS &

    Total calculated
    $140,670
    From this org
    $120,223
    From related orgs
    $0
    Other
    $20,447
    Hours/week
    49 + 1 related

  • THOMAS TUCKER

    EXECUTIVE DIRECTOR, HIGH S

    Total calculated
    $194,934
    From this org
    $155,528
    From related orgs
    $0
    Other
    $39,406
    Hours/week
    49 + 1 related

    Schedule J breakdown matched by us

    Base
    $153,722
    Bonus
    $0
    Other
    $1,806
    Deferred
    $6,330
    Nontaxable benefits
    $33,076
    Filer's total
    $194,934

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 committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
18 June 2025
IRS schema version
2023v6.0
Source object
202541749349300219

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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