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Nonprofiteer
← OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST

Form 990 for tax year 2023

Filed by OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST.

Totals

Total revenue
-$1,743,767
Total expenses
$1,109,467
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$1,743,767
Other revenue
$0
Total assets, end of year
$92,627,703
Total liabilities, end of year
$4,036,465
Net assets or fund balances, end of year
$88,591,238
Program services expenses (Part IX)
$990,271
Management and general expenses
$119,196
Fundraising expenses
$0
Program service expenses (Part III)
$990,271

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Jeffrey M Moslow

    TRUSTEE & CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Michael W Howard

    TRUSTEE - START DATE 1/9/2024

    Total calculated
    $748,068
    From this org
    $0
    From related orgs
    $674,939
    Other
    $73,129
    Hours/week
    1 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $649,278 related
    Bonus
    $0
    Other
    $0 + $25,661 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $31,639 related
    Filer's total
    $0 + $748,068 related

  • PIERRE M OMIDYAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBINSON JACOBS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS L PAPPAS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Craig W Smith

    Chief Investment Officer

    Total calculated
    $622,966
    From this org
    $0
    From related orgs
    $549,656
    Other
    $73,310
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $504,052 related
    Bonus
    $0 + $44,762 related
    Other
    $0 + $842 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $31,820 related
    Filer's total
    $0 + $622,966 related

  • TRYFAN D EVANS

    DIRECTOR OF INVESTMENTS

    Total calculated
    $419,667
    From this org
    $0
    From related orgs
    $377,311
    Other
    $42,356
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,734 related
    Bonus
    $0 + $45,800 related
    Other
    $0 + $777 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $866 related
    Filer's total
    $0 + $419,667 related

  • Anthony P Monaco

    TRUSTEE - END DATE 6/30/2023

    Total calculated
    $1,170,801
    From this org
    $0
    From related orgs
    $1,034,376
    Other
    $136,425
    Hours/week
    1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $984,880 related
    Bonus
    $0
    Other
    $0 + $49,496 related
    Deferred
    $0 + $41,490 related
    Nontaxable benefits
    $0 + $94,935 related
    Filer's total
    $0 + $1,170,801 related

  • Saheba Sahni

    Investment Officer

    Total calculated
    $228,629
    From this org
    $0
    From related orgs
    $215,774
    Other
    $12,855
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,358 related
    Bonus
    $0 + $8,274 related
    Other
    $0 + $142 related
    Deferred
    $0 + $12,726 related
    Nontaxable benefits
    $0 + $129 related
    Filer's total
    $0 + $228,629 related

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 survey or study
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CRAIG W. SMITH, CHIEF INVESTMENT OFFICER, PARTICIPATED IN AN EMPLOYEE INCENTIVE COMPENSATION PLAN THAT IS BASED OFF OF JOB AND PORTFOLIO PERFORMANCE WHICH ALLOWS FOR UP TO 100% OF BASE SALARY EARNINGS. HE RECEIVED A PAYOUT AMOUNT OF $44,762 IN 2023. THIS AMOUNT IS REPORTED IN PART II, COLUMN B(II). THE TERMS OF THE INCENTIVE PAYOUTS INCLUDE A VESTING SCHEDULE COVERING TWO YEARS WHICH ALLOW FOR 50% IN YEAR ONE AND 50% IN YEAR TWO . THE ACTUAL INCENTIVE PAYOUTS ARE MADE IN THE SECOND FISCAL QUARTER FOLLOWING THE CLOSE OF THE FISCAL YEAR TO WHICH THE INCENTIVE PAYMENT APPLIES. TOTAL CURRENT-YEAR EARNED INCOME DEFERRAL AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. AND THE AMOUNT PAID TO THIS INDIVIDUAL IS FURTHER EXPLAINED ON SCHEDULE J, PART I, LINE 7. TRYFAN D. EVANS, DIRECTOR OF INVESTMENTS, PARTICIPATED IN AN EMPLOYEE INCENTIVE COMPENSATION PLAN THAT IS BASED OFF OF JOB AND PORTFOLIO PERFORMANCE WHICH ALLOW FOR UP TO 96% OF BASE SALARY EARNINGS. HE RECEIVED A PAYOUT AMOUNT OF $45,800 IN 2023. THIS AMOUNT IS REPORTED IN PART II, COLUMN B(II). THE TERMS OF THE INCENTIVE PAYOUTS INCLUDE A VESTING SCHEDULE COVERING TWO YEARS WHICH ALLOW FOR 50% IN YEAR ONE AND 50% IN YEAR TWO . THE ACTUAL INCENTIVE PAYOUTS ARE MADE IN THE SECOND FISCAL QUARTER FOLLOWING THE CLOSE OF THE FISCAL YEAR TO WHICH THE INCENTIVE PAYMENT APPLIES. TOTAL CURRENT-YEAR EARNED INCOME DEFERRAL AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. AND THE AMOUNT PAID TO THIS INDIVIDUAL IS FURTHER EXPLAINED ON SCHEDULE J, PART I, LINE 7. SAHEBA SAHNI, INVESTMENT OFFICER, PARTICIPATED IN AN EMPLOYEE INCENTIVE COMPENSATION PLAN THAT IS BASED OFF OF JOB AND PORTFOLIO PERFORMANCE WHICH ALLOW FOR UP TO 60% OF BASE SALARY EARNINGS. SHE RECEIVED A PAYOUT AMOUNT OF $8,274 IN 2023. THIS AMOUNT IS REPORTED IN PART II, COLUMN B(II). THE TERMS OF THE INCENTIVE PAYOUTS INCLUDE A VESTING SCHEDULE COVERING TWO YEARS WHICH ALLOW FOR 50% IN YEAR ONE AND 50% IN YEAR TWO . THE ACTUAL INCENTIVE PAYOUTS ARE MADE IN THE SECOND FISCAL QUARTER FOLLOWING THE CLOSE OF THE FISCAL YEAR TO WHICH THE INCENTIVE PAYMENT APPLIES. TOTAL CURRENT-YEAR EARNED INCOME DEFERRAL AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN C. AND THE AMOUNT PAID TO THIS INDIVIDUAL IS FURTHER EXPLAINED ON SCHEDULE J, PART I, LINE 7.
Schedule J, Part I, Line 7 Non-fixed payments
THE THREE INVESTMENT OFFICERS ARE EMPLOYEES OF TRUSTEES OF TUFTS COLLEGE AND PARTICIPATED IN A DISCRETIONARY INCENTIVE PLAN AND RECEIVED NON-FIXED PAYMENTS FOR INDIVIDUAL JOB PERFORMANCE AND FOR ACHIEVING CERTAIN GOALS AND OBJECTIVES. THESE AMOUNTS ARE A COMPONENT OF THE TOTAL REPORTABLE AMOUNTS AS EXPLAINED ON SCHEDULE J, LINE 4(B) AND ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II)
Schedule J, Part III SCH J, PART II
THE OMIDYAR-TUFTS ACTIVE CITIZENSHIP TRUST (THE TRUST) DOES NOT HAVE ITS OWN EMPLOYEES. THE SALARY EXPENSE, BENEFITS AND PAYROLL TAXES REPORTED WITHIN PART IX, FUNCTIONAL EXPENSES, REPRESENT OPERATING EXPENSE REIMBURSEMENTS TO THE TRUSTEES OF TUFTS COLLEGE (TUFTS) FOR USE OF ITS EMPLOYEES. FURTHER, ANY RELATED ORGANIZATION AMOUNTS LISTED REFLECT INCENTIVE PAYMENTS TIED DIRECTLY TO TUFTS OR THE TRUST INCENTIVE PLANS.

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

No itemized grants to organizations on this return.

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.

Related corporations and trusts

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

  • JM HOLDINGS INC

    C Corporation · REAL ESTATE DEVELOPMENT · MA · 100% owned · share of income $6,044 · share of assets $30,723 · controlled entity

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • PERPETUAL TRUSTS - (7)

    Trust · SUPPORT · MA

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • CHARITABLE REMAINDER UNITRUSTS - (25)

    Trust · SUPPORT · MA

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • CHARITABLE LEAD TRUSTS - (1)

    Trust · SUPPORT · MA

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • TUFTS UNIVERSITY CHARITABLE TRUST

    Trust · SUPPORT · HK · 100% owned · share of income -$205,428 · share of assets $138,234 · controlled entity

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

  • BRAINGATE INC

    C Corporation · PATENT HOLDINGS · MA · 100% owned · share of income -$5,304 · share of assets $90,000 · controlled entity

    Directly controlled by TRUSTEES OF TUFTS COLLEGE

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349305041

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