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Nonprofiteer
← THE MAY INSTITUTE INC

Form 990 for tax year 2023

Filed by THE MAY INSTITUTE INC.

Totals

Total revenue
$149,683,465
Total expenses
$145,469,460
Contributions and grants received
$1,581,889
Grants paid
$0
Program services expenses (Part IX)
$130,131,786
Management and general expenses
$14,825,838
Fundraising expenses
$511,836
Program service expenses (Part III)
$130,131,786

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DON RICCIATO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • IKECHUKWU OKONKWO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOAN GOLDBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOCELYN FREDERICK

    DIRECTOR (UNTIL 3/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN WESTWOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JONATHAN KATZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHLEEN ZORTMAN

    DIRECTOR (UNTIL 3/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LEE ANN FATALO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARY LOU MALONEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • NANCY NAGER

    VICE CHAIRPERSON/ASST. TREAS, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • NEAL TODRYS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • PETER FARRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Q SOPHIE YANG

    SECRETARY, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD WICHMANN

    CHAIRPERSON, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • STEPHEN YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WILLIAM RIEDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HEATHER BOMBARD

    ASSISTANT SECRETARY

    Total calculated
    $71,915
    From this org
    $62,862
    From related orgs
    $0
    Other
    $9,053
    Hours/week
    40 + 9 related

  • LAUREN C SOLOTAR

    PRESIDENT AND CEO

    Total calculated
    $1,037,324
    From this org
    $875,509
    From related orgs
    $0
    Other
    $161,815
    Hours/week
    40 + 13 related

    Schedule J breakdown matched by us

    Base
    $487,776
    Bonus
    $48,460
    Other
    $339,273
    Deferred
    $141,560
    Nontaxable benefits
    $20,255
    Filer's total
    $1,037,324

  • MICHAEL TOBIN

    TREASURER, CFO

    Total calculated
    $357,710
    From this org
    $333,903
    From related orgs
    $0
    Other
    $23,807
    Hours/week
    40 + 11 related

    Schedule J breakdown matched by us

    Base
    $295,496
    Bonus
    $29,700
    Other
    $8,707
    Deferred
    $6,054
    Nontaxable benefits
    $17,753
    Filer's total
    $357,710

  • BRIAN CARBONE

    VP ADULT SERVICES

    Total calculated
    $263,759
    From this org
    $229,779
    From related orgs
    $0
    Other
    $33,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,061
    Bonus
    $25,000
    Other
    $10,718
    Deferred
    $8,842
    Nontaxable benefits
    $25,138
    Filer's total
    $263,759

  • DEBRA BLAIR

    CHIEF OPERATING OFFICER

    Total calculated
    $490,282
    From this org
    $420,497
    From related orgs
    $0
    Other
    $69,785
    Hours/week
    40 + 11 related

    Schedule J breakdown matched by us

    Base
    $372,363
    Bonus
    $36,534
    Other
    $11,600
    Deferred
    $69,785
    Nontaxable benefits
    $0
    Filer's total
    $490,282

  • PAMELA RAYMOND

    EVP, EDUCATIONAL SERVICES

    Total calculated
    $247,950
    From this org
    $222,734
    From related orgs
    $0
    Other
    $25,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,762
    Bonus
    $28,170
    Other
    $10,802
    Deferred
    $7,964
    Nontaxable benefits
    $17,252
    Filer's total
    $247,950

  • ROBERT PUTNAM

    EVP OF PBIS

    Total calculated
    $243,236
    From this org
    $214,756
    From related orgs
    $0
    Other
    $28,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,023
    Bonus
    $11,429
    Other
    $16,304
    Deferred
    $11,306
    Nontaxable benefits
    $17,174
    Filer's total
    $243,236

  • THOMAS STANTON

    SENIOR VP OF ADULT SERVICES

    Total calculated
    $266,721
    From this org
    $239,749
    From related orgs
    $0
    Other
    $26,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,942
    Bonus
    $30,000
    Other
    $14,807
    Deferred
    $7,808
    Nontaxable benefits
    $19,164
    Filer's total
    $266,721

  • ELEMI OJEIKERE

    DAY HAB SERVICE MANAGER

    Total calculated
    $263,476
    From this org
    $237,031
    From related orgs
    $0
    Other
    $26,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,031
    Bonus
    $0
    Other
    $0
    Deferred
    $4,899
    Nontaxable benefits
    $21,546
    Filer's total
    $263,476

  • HUSSEIN YAKUBU

    DIRECT SUPPORT PROFESSIONAL

    Total calculated
    $215,532
    From this org
    $202,725
    From related orgs
    $0
    Other
    $12,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,725
    Bonus
    $0
    Other
    $0
    Deferred
    $4,123
    Nontaxable benefits
    $8,684
    Filer's total
    $215,532

  • JANET MERCIER

    SVP HUMAN RESOURCES

    Total calculated
    $235,713
    From this org
    $222,483
    From related orgs
    $0
    Other
    $13,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,474
    Bonus
    $20,200
    Other
    $3,809
    Deferred
    $4,464
    Nontaxable benefits
    $8,766
    Filer's total
    $235,713

  • JENNIFER ZARCONE

    SVP ADULT CLINICAL SERVICES & TRAINING

    Total calculated
    $254,588
    From this org
    $243,298
    From related orgs
    $0
    Other
    $11,290
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,461
    Bonus
    $13,500
    Other
    $7,337
    Deferred
    $4,078
    Nontaxable benefits
    $7,212
    Filer's total
    $254,588

  • SAMSON KALEMA

    PROGRAM COORDINATOR

    Total calculated
    $235,642
    From this org
    $223,773
    From related orgs
    $0
    Other
    $11,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,893
    Bonus
    $0
    Other
    $880
    Deferred
    $3,103
    Nontaxable benefits
    $8,766
    Filer's total
    $235,642

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 — 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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)

PART I, LINE 4B
THE ORGANIZATION MAINTAINS A 457F NONQUALIFIED DEFERRED COMPENSATION PLAN FOR CERTAIN EXECUTIVES. THE PLAN OFFERS PARTICIPATING EMPLOYEES AN ANNUAL DEFERRAL OF COMPENSATION IN ADDITION TO THEIR SALARIES. FOR THE CURRENT PERIOD THE ONLY PERSONS PARTICIPATING WERE THE CEO AND COO. THE ORGANIZATION CONTRIBUTED $136,000 TO THE PLAN DURING THE FISCAL YEAR ENDED JUNE 30, 2024. IN CALENDAR 2023, THE CEO RECEIVED A TAXABLE DISTRIBUTION FROM THE 457F NONQUALIFIED DEFERRED COMPENSATION PLAN. THE DISTRIBUTION OF $326,972 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 7
SCHEDULE J, PART II, COLUMN (B) (II) INCLUDES THE NAME AND THE AMOUNT OF EACH PERSON WHO RECEIVED A BONUS BASED ON MUTUALLY AGREED UPON PERFORMANCE OUTCOMES.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 March 2025
IRS schema version
2023v6.0
Source object
202510939349301416

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

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