Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $9,788

• 1c · Fundraising events

  $3,138,406

• 1e · Government grants (contributions)

  $312,368,667

• 1f · All other contributions, gifts and grants

  $117,293,582

• 1g · Noncash contributions included above

  $50,022

• 2a · Program service revenue: IMPACT DIRECTED ENVIRO

  total $112,614,964 · related or exempt $112,614,964

• 3 · Investment income

  total $39,076,857 · unrelated business $71,854 · excluded $39,005,003

• 7a · Gross sales of assets other than inventory

  securities $192,431,641

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

  securities $188,725,501

• 7c · Gain or loss

  securities $3,706,140

• 7d · Net gain or loss

  total $3,706,140 · excluded $3,706,140

• 8a · Fundraising events: gross income

  $163,750

• 8a · Fundraising events: contributions included on line 1c

  $3,138,406

• 8b · Fundraising events: direct expenses

  $4,146,932

• 8c · Net income from fundraising events

  total -$3,983,182 · excluded -$3,983,182

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $464,535,453 · program services $464,535,453

• 2 · Grants to domestic individuals

  total $1,207,693 · program services $1,207,693

• 3 · Grants to foreign organizations and individuals

  total $3,584,838 · program services $3,584,838

• 5 · Compensation of officers, directors and key employees

  total $3,499,058 · program services $1,767,800 · management and general $1,259,725 · fundraising $471,533

• 7 · Other salaries and wages

  total $19,575,295 · program services $14,250,939 · management and general $3,699,634 · fundraising $1,624,722

• 8 · Pension plan contributions

  total $2,293,951 · program services $1,543,372 · management and general $652,080 · fundraising $98,499

• 9 · Other employee benefits

  total $8,195,640 · program services $6,046,652 · management and general $1,344,199 · fundraising $804,789

• 10 · Payroll taxes

  total $1,875,617 · program services $1,224,206 · management and general $550,331 · fundraising $101,080

• 11b · Fees: legal

  total $197,528 · program services $170,160 · management and general $23,468 · fundraising $3,900

• 11c · Fees: accounting

  total $427,684 · program services $279,147 · management and general $125,488 · fundraising $23,049

• 11e · Fees: professional fundraising services

  total $125,000 · fundraising $125,000

• 11f · Fees: investment management

  total $1,174,460 · management and general $1,174,460

• 11g · Fees: other

  total $1,826,367 · program services $733,281 · management and general $781,882 · fundraising $311,204

• 12 · Advertising and promotion

  total $65,386 · program services $48,228 · management and general $13,889 · fundraising $3,269

• 13 · Office expenses

  total $1,463,086 · program services $635,471 · management and general $633,094 · fundraising $194,521

• 14 · Information technology

  total $1,360,814 · program services $888,522 · management and general $398,922 · fundraising $73,370

• 16 · Occupancy

  total $4,898,311 · program services $3,197,101 · management and general $1,437,229 · fundraising $263,981

• 17 · Travel

  total $559,086 · program services $349,186 · management and general $133,152 · fundraising $76,748

• 19 · Conferences, conventions and meetings

  total $1,211,764 · program services $408,391 · management and general $594,447 · fundraising $208,926

• 22 · Depreciation, depletion and amortization

  total $1,648,865 · program services $1,076,205 · management and general $483,799 · fundraising $88,861

• 23 · Insurance

  total $384,483 · program services $38,448 · management and general $230,690 · fundraising $115,345

• 24a · Other expenses: OTHER MITIGATION EXPENS

  total $271,407 · program services $271,407

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $141,770 · program services $76,765 · management and general $55,990 · fundraising $9,014

• 24c · Other expenses: LICENSES

  total $71,781 · program services $50,043 · management and general $18,567 · fundraising $3,172

• 24d · Other expenses: MEMBERSHIP DUES

  total $30,000 · program services $30,000

• 24e · All other expenses

  total $145,862 · program services $127,719 · management and general $15,308 · fundraising $2,835

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,051,709 · end of year $33,727,355

• 2 · Savings and temporary cash investments

  beginning of year $110,853,368 · end of year $156,421,914

• 3 · Pledges and grants receivable

  beginning of year $45,851,001 · end of year $73,260,488

• 4 · Accounts receivable

  beginning of year $1,770,120 · end of year $2,522,337

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,652,811 · end of year $2,953,422

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

  $27,806,610

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

  $12,409,642

• 10c · Land, buildings and equipment, net

  beginning of year $16,154,689 · end of year $15,396,968

• 11 · Investments: publicly traded securities

  beginning of year $724,798,020 · end of year $1,085,948,799

• 12 · Investments: other securities

  beginning of year $110,381,326 · end of year $119,398,453

• 15 · Other assets

  beginning of year $2,020,397,133 · end of year $2,074,247,853

• 17 · Accounts payable and accrued expenses

  beginning of year $7,227,016 · end of year $7,639,007

• 18 · Grants payable

  beginning of year $30,154,662 · end of year $44,984,150

• 19 · Deferred revenue

  beginning of year $600,785,410 · end of year $958,967,860

• 21 · Escrow or custodial account liability

  beginning of year $1,979,201,608 · end of year $2,031,223,078

• 25 · Other liabilities

  beginning of year $50,522,510 · end of year $50,339,937

• 27 · Net assets without donor restrictions

  beginning of year $172,276,810 · end of year $217,195,571

• 28 · Net assets with donor restrictions

  beginning of year $217,742,161 · end of year $253,527,986

The filer's explanations (Part III)

PART I, LINE 4B

THE ORGANIZATION HAS A NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) FOR ITS CEO, JEFF TRANDAHL. THIS CONTRIBUTION IS AN UNVESTED EMPLOYER CONTRIBUTION. SERP INTERESTS ARE FORFEITED BY THE PARTICIPANT IF THE PARTICIPANT VOLUNTARILY TERMINATES EMPLOYMENT PRIOR TO THE VESTING DATES SPECIFIED UNDER THE SERP. SERP INTERESTS ARE HELD IN A TRUST SUBJECT TO THE CLAIMS OF THE FOUNDATION'S BANKRUPTCY CREDITORS. IN THE EVENT OF A FOUNDATION BANKRUPTCY, PARTICIPANTS WOULD BECOME GENERAL UNSECURED CREDITORS OF THE FOUNDATION. THE SERP IS A NONQUALIFIED DEFERRED COMPENSATION PLAN, WHICH MEANS THAT PARTICIPANTS DO NOT RECEIVE THE TAX BENEFITS AVAILABLE TO PARTICIPANTS IN TAX QUALIFIED RETIREMENT PLANS. FOR EXAMPLE, UNDER CURRENT LAW, INTERESTS UNDER THOSE ARRANGEMENTS ARE REPORTABLE AS TAXABLE COMPENSATION WHEN THEY BECOME VESTED, EVEN IF THOSE AMOUNTS ARE NOT YET PAYABLE TO THE PARTICIPANT (AND EVEN IF THOSE AMOUNTS ARE NEVER PAID TO THE PARTICIPANT). IN ADDITION, THE FOLLOWING INDIVIDUAL PARTICIPATED IN A 457(F) RETIREMENT PLAN AND RECEIVED A NON-QUALIFIED DEFERRED COMPENSATION FROM THAT PLAN DURING CALENDAR YEAR 2024. JEFFREY TRANDAHL $80,637 THE SERP'S DESIGN WAS REVIEWED AND OPINED UPON AS REASONABLE BY AN INDEPENDENT COMPENSATION CONSULTANT. THE SERP WAS APPROVED BY THE HUMAN RESOURCES/COMPENSATION COMMITTEE OF THE FOUNDATION'S BOARD OF DIRECTORS.

PART I, LINE 7:

BONUSES PAID ARE REPORTED IN SCHEDULE J, PART II, COLUMN B (II). BONUSES ARE CONSIDERED IN THE INDEPENDENT COMPENSATION STUDIES AND ARE USUALLY PAID WITHIN A FIXED RANGE. THIS PLAN IS DESIGNED TO RECOGNIZE PERFORMANCE THAT ATTAINS PREVIOUS YEAR GOALS AND REWARDS PERFORMANCE THAT SIGNIFICANTLY EXCEEDS STATED GOALS.

PART II, LINE 1, COLUMN C:

RETIREMENT AND DEFERRED COMPENSATION OF THE EXECUTIVE DIRECTOR/CEO CONSISTS OF EMPLOYER CONTRIBUTION TO THE 403B PLAN WHICH IS BASED ON THE SAME EMPLOYER CONTRIBUTION FORMULA APPLICABLE TO ALL ELIGIBLE EMPLOYEES.