Skip to content
Nonprofiteer
← CHARITIES AID FOUNDATION AMERICA

Form 990 for tax year 2023

Filed by CHARITIES AID FOUNDATION AMERICA.

Totals

Total revenue
$951,859,237
Total expenses
$911,493,403
Contributions and grants received
$927,224,718
Grants paid
$884,731,548
Program service revenue
$798,172
Investment income
$23,450,497
Other revenue
$385,850
Total assets, end of year
$444,916,585
Total liabilities, end of year
$13,004,718
Net assets or fund balances, end of year
$431,911,867
Program services expenses (Part IX)
$901,361,003
Management and general expenses
$8,404,946
Fundraising expenses
$1,727,454
Program service expenses (Part III)
$901,361,003

Program services were 98.9% 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

    $927,224,718

  • 1g · Noncash contributions included above

    $37,173,125

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $798,172 · related or exempt $798,172

  • 3 · Investment income

    total $17,788,373 · excluded $17,788,373

  • 7a · Gross sales of assets other than inventory

    securities $196,819,552

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

    securities $191,157,428

  • 7c · Gain or loss

    securities $5,662,124

  • 7d · Net gain or loss

    total $5,662,124 · excluded $5,662,124

  • 11a · Other revenue: CAF CANADA ADMIN FEES

    total $360,000 · related or exempt $360,000

  • 11b · Other revenue: OTHER INCOME

    total $25,850 · excluded $25,850

  • 11e · Other revenue, total

    $385,850

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $560,385,132 · program services $560,385,132

  • 2 · Grants to domestic individuals

    total $619,093 · program services $619,093

  • 3 · Grants to foreign organizations and individuals

    total $323,727,323 · program services $323,727,323

  • 5 · Compensation of officers, directors and key employees

    total $1,522,866 · program services $876,851 · management and general $545,852 · fundraising $100,163

  • 7 · Other salaries and wages

    total $11,374,175 · program services $6,549,135 · management and general $4,076,930 · fundraising $748,110

  • 8 · Pension plan contributions

    total $671,285 · program services $386,519 · management and general $240,614 · fundraising $44,152

  • 9 · Other employee benefits

    total $1,152,132 · program services $663,386 · management and general $412,967 · fundraising $75,779

  • 10 · Payroll taxes

    total $674,609 · program services $388,433 · management and general $241,805 · fundraising $44,371

  • 11a · Fees: management

    total $7,813,994 · program services $6,792,250 · management and general $1,021,744

  • 11b · Fees: legal

    total $211,719 · management and general $211,719

  • 11c · Fees: accounting

    total $146,793 · management and general $146,793

  • 11e · Fees: professional fundraising services

    total $502,440 · fundraising $502,440

  • 13 · Office expenses

    total $1,005,896 · program services $184,236 · management and general $821,660

  • 14 · Information technology

    total $677,361 · program services $390,018 · management and general $242,791 · fundraising $44,552

  • 16 · Occupancy

    total $307,482 · program services $177,045 · management and general $110,213 · fundraising $20,224

  • 17 · Travel

    total $308,188 · program services $154,094 · management and general $154,094

  • 19 · Conferences, conventions and meetings

    total $282,516 · management and general $141,258 · fundraising $141,258

  • 20 · Interest

    total $1,605 · management and general $1,605

  • 22 · Depreciation, depletion and amortization

    total $24,336 · program services $14,012 · management and general $8,723 · fundraising $1,601

  • 23 · Insurance

    total $73,034 · program services $42,052 · management and general $26,178 · fundraising $4,804

  • 24a · Other expenses: STATE REGISTRATION FEES

    total $11,424 · program services $11,424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $275,832,127 · end of year $280,111,887

  • 2 · Savings and temporary cash investments

    beginning of year $40,309,613 · end of year $41,330,570

  • 4 · Accounts receivable

    beginning of year $6,217,071 · end of year $14,546,086

  • 7 · Other notes and loans receivable

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $205,737 · end of year $259,915

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

    $320,238

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

    $269,188

  • 10c · Land, buildings and equipment, net

    beginning of year $70,159 · end of year $51,050

  • 11 · Investments: publicly traded securities

    beginning of year $71,626,823 · end of year $106,773,888

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $5,749,944 · end of year $843,189

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,656,984 · end of year $2,832,853

  • 18 · Grants payable

    beginning of year $5,140,242 · end of year $7,346,572

  • 19 · Deferred revenue

    beginning of year $69,320 · end of year $1,849,441

  • 25 · Other liabilities

    beginning of year $1,187,759 · end of year $975,852

  • 27 · Net assets without donor restrictions

    beginning of year $382,758,375 · end of year $428,834,647

  • 28 · Net assets with donor restrictions

    beginning of year $8,198,794 · end of year $3,077,077

Mission and programs · 2023

Mission

CAF AMERICA'S MISSION IS TO DRIVE GREATER, AND MORE IMPACTFUL, PHILANTHROPIC GIVING ACROSS THE U.S. AND WORLD, CONNECTING DONORS - INDIVIDUALS, FAMILIES AND CORPORATIONS - WITH CHARITIES.

Activities or mission (Part I)

TO ENABLE U.S. TAXPAYERS TO GIVE TO VALIDATED CHARITIES ACROSS BORDERS AROUND THE WORLD.

  • DONOR ADVISED FUNDS: CAF AMERICA CURRENTLY OPERATES DONOR ADVISED FUNDS (DAFS) THAT IN FY24 MADE OVER 146,000 GRANTS TOTALING OVER $850M. WE PARTNER WITH U.S. CORPORATE, INDIVIDUAL AND FOUNDATION DONORS WHO SUPPORT ORGANIZATIONS IN 105 COUNTRIES.

    Expenses $778,654,873 · Grants $764,289,258 · Revenue $717,874

  • DONOR ADVISED GIFTS: IN FY24, DONORS WORKED WITH CAF AMERICA TO MAKE 1,331 SINGLE DONOR ADVISED GIFTS (DAGS) TOTALING $78.1M. SINGLE GIFTS ENABLE DONORS TO RECOMMEND GRANTS WITHOUT ESTABLISHING A SPECIFIC FUND AT CAF AMERICA. THIS PROGRAM SERVES AS A COMPLEMENT TO CAF AMERICA'S PHILANTHROPIC ADVISORY SERVICES AND IS A RESOURCE FOR DONORS INTERESTED IN SUPPORTING A VARIETY OF CAUSES.

    Expenses $79,547,074 · Grants $78,079,489 · Revenue $37,477

  • FRIENDS FUNDS: FRIENDS FUNDS ARE AVAILABLE TO INTERNATIONAL CHARITABLE ORGANIZATIONS TO USE AS A TOOL TO INCREASE SUPPORT FROM AMERICAN DONORS. DURING FY24, DONORS WORKED WITH CAF AMERICA TO MAKE 321 GRANTS TO 106 FOREIGN CHARITABLE ORGANIZATIONS WHO HAVE ESTABLISHED FRIENDS FUNDS WITH CAF AMERICA. THIS CAF AMERICA PROGRAM ENABLES APPROVED FOREIGN CHARITABLE ORGANIZATIONS TO CONNECT WITH US DONORS WITHOUT CREATING THEIR OWN U.S. IRC SECTION 501(C)(3) ENTITY.

    Expenses $43,159,056 · Grants $42,362,800 · Revenue $42,821

  • REVENUE AND EXPENSES PERTAINING TO THE OPERATION AND MANAGEMENT OF PROGRAM SERVICES THAT IS NOT ALLOCABLE TO ANY FUND OR TYPE OF FUND.

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

Listed in Part VII

  • Char Mollison

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Martin Riant

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Oscar De Bruyn Kops

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Anna Hofmeister

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Oscar Bazoberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Hammerstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Neil Heslop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Audrey L Jacobs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ingrid Summers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Morey Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Andras Kosaras

    DIRECTOR (AS OF 05/01/23)

    Total calculated
    $0
    Hours/week
    0.25

  • Theodore Hart

    PRESIDENT & CEO (THRU 01/12/24)

    Total calculated
    $489,360
    From this org
    $448,698
    From related orgs
    $0
    Other
    $40,662
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $419,944
    Bonus
    $27,000
    Other
    $1,754
    Deferred
    $30,000
    Nontaxable benefits
    $10,662
    Filer's total
    $489,360

  • Deron Lehman

    CHIEF OPERATING OFC. (THRU 12/13/23)

    Total calculated
    $270,947
    From this org
    $231,711
    From related orgs
    $0
    Other
    $39,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,170
    Bonus
    $12,240
    Other
    $9,301
    Deferred
    $29,005
    Nontaxable benefits
    $10,231
    Filer's total
    $270,947

  • Rodger Jacobson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $376,870
    From this org
    $336,875
    From related orgs
    $0
    Other
    $39,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,500
    Bonus
    $18,150
    Other
    $1,225
    Deferred
    $30,000
    Nontaxable benefits
    $9,995
    Filer's total
    $376,870

  • Jessica Krafft As Of 121223

    INTERIM PRESIDENT & CEO

    Total calculated
    $222,280
    From this org
    $190,130
    From related orgs
    $0
    Other
    $32,150
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,979
    Bonus
    $10,035
    Other
    $116
    Deferred
    $22,500
    Nontaxable benefits
    $9,650
    Filer's total
    $222,280

  • Nicole Varner

    VP, TECH & CYBERSECURITY

    Total calculated
    $188,003
    From this org
    $159,582
    From related orgs
    $0
    Other
    $28,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,805
    Bonus
    $8,700
    Other
    $77
    Deferred
    $20,805
    Nontaxable benefits
    $7,616
    Filer's total
    $188,003

  • Charles Plunket

    ASST. VICE PRESIDENT, FINANCE

    Total calculated
    $175,223
    From this org
    $149,547
    From related orgs
    $0
    Other
    $25,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,066
    Bonus
    $8,400
    Other
    $81
    Deferred
    $16,066
    Nontaxable benefits
    $9,610
    Filer's total
    $175,223

  • Brooks Reed

    VP, THOUGHT LEADERSHIP & PHILAN.

    Total calculated
    $168,270
    From this org
    $145,561
    From related orgs
    $0
    Other
    $22,709
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,393
    Bonus
    $8,100
    Other
    $68
    Deferred
    $13,227
    Nontaxable benefits
    $9,482
    Filer's total
    $168,270

  • Glenn Mills

    VICE PRESIDENT (THRU 11/30/23)

    Total calculated
    $162,123
    From this org
    $148,275
    From related orgs
    $0
    Other
    $13,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,929
    Bonus
    $8,337
    Other
    $7,009
    Deferred
    $1,466
    Nontaxable benefits
    $12,382
    Filer's total
    $162,123

  • Loren Previti

    AVP DONOR SERVICES

    Total calculated
    $132,602
    From this org
    $124,130
    From related orgs
    $0
    Other
    $8,472
    Hours/week
    40

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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)

PART I, LINE 1:
FIRST-CLASS TRAVEL THE ORGANIZATION ALLOWS THE CEO TO UTILIZE FIRST-CLASS TRAVEL ON COMMERCIAL AIRLINES AT THEIR DISCRETION FOR SOME TRIPS. SUCH TRAVEL IS INFREQUENT AND USED FOR TRIPS OF LONGER DURATION OR NECESSARY TO ARRIVE FOR A SCHEDULED MEETING.
PART I, LINE 7:
NONFIXED PAYMENTS UNDER THE PROVISIONS OF THE PRESIDENT AND CEO'S CONTRACT, IN ADDITION TO BASE SALARY AN ANNUAL PERFORMANCE-BASED BONUS MAY BE PAID. THE CONTRACT PROVIDES THAT THE BOARD OF DIRECTORS WILL DETERMINE THE AMOUNT OF THE ANNUAL BONUS AFTER THE END OF EACH FISCAL YEAR DURING THE TERM OF THE CONTRACT, BASED ON THE BOARD'S EVALUATION OF THE PRESIDENT AND CEO'S PERFORMANCE. UNLIKE THE BASE SALARY, THE BONUS PORTION OF THE PRESIDENT AND CEO'S COMPENSATION IS NOT A FIXED PAYMENT BECAUSE THE BOARD HAS DISCRETION OVER THE AMOUNT, IF ANY, OF THE BONUS. THE BONUSES FOR OTHER EXECUTIVES ARE DETERMINED VIA THE STANDARD PLAN FOR ALL EMPLOYEES OTHER THAN THE CEO. THE FORMULA IS BASED UPON OVERALL PERFORMANCE OF CAF AND CERTAIN ACHIEVEMENTS IN REVENUE, EXPENSE MANAGEMENT, AND INDIVIDUAL PERFORMANCE REVIEW. THE PLAN WAS DISCONTINUED EFFECTIVE MAY 1, 2024.

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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
27 February 2025
IRS schema version
2023v6.0
Source object
202530589349300723

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.