NOBLEREACH FOUNDATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NOBLEREACH FOUNDATION (EIN 52-0741393)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202443199349308209
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T12:24:10-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 SYLVAN WAY | AddressLine1Txt |
| City | PARSIPPANY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 070543801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520741393 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOGISTICS MANAGEMENT INSTITUTE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LOGI | BusinessNameControlTxt |
| Phone | 7039179800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7940 JONES BRANCH DRIVE 600 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHANIE DEFINO | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7039179800 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LORI ROTHE YOKOBOSKY CPA | PreparerPersonNm |
| PTIN | P01273422 | PTIN |
| Phone | 9732283500 | PhoneNum |
| Preparation | 2024-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOBLEREACH FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PASQUALE M TAMBURRINO J | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7940 JONES BRANCH DRIVE 600 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $124,826,257 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | NOBLEREACHFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1961 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | NOBLEREACH'S MISSION IS TO DEVELOP AND MOBILIZE AMERICA'S TOP TALENT AND INNOVATION NETWORKS ACROSS ACADEMIA, INDUSTRY, AND GOVERNMENT FOR HIGH-IMPACT SOLUTIONS THAT STRENGTHEN THE SECURITY AND PROSPERITY OF OUR NATION. OUR VISION IS TO INSPIRE AND CATALYZE A RENEWED SPIRIT OF NATIONAL SERVICE BY UNITING THE BEST AND THE BRIGHTEST MINDS TO SOLVE OUR NATION'S MOST PRESSING CHALLENGES | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 49 | TotalEmployeeCnt |
| Total Volunteers | 2 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,426,233 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $341,380,670 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $44,573,654 | CYProgramServiceRevenueAmt |
| PY Investment Income | $257,374,532 | PYInvestmentIncomeAmt |
| CY Investment Income | $11,708,422 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $85,030 | CYOtherRevenueAmt |
| PY Total Revenue | $598,755,202 | PYTotalRevenueAmt |
| CY Total Revenue | $63,793,339 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $182,034,693 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $11,352,688 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $156,928,571 | PYOtherExpensesAmt |
| CY Other Expenses | $59,490,733 | CYOtherExpensesAmt |
| PY Total Expenses | $338,963,264 | PYTotalExpensesAmt |
| CY Total Expenses | $70,843,421 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $259,791,938 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$7,050,082 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $409,500,625 | TotalAssetsBOYAmt |
| Total Assets EOY | $437,956,433 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $26,134,128 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $24,003,972 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $383,366,497 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $413,952,461 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $61,000,094 | ExpenseAmt |
| Revenue | $44,658,684 | RevenueAmt |
| Desc | IN 2023, THE COMPANY'S FIRST FULL YEAR OPERATING AS NOBLEREACH, WE LAUNCHED AND BEGAN TO SCALE THREE MAIN AREAS OF PROGRAM SERVICE: ACADEMIC PARTNERSHIPS, INNOVATION, AND TALENT PROGRAMS.ACADEMIC PARTNERSHIPS. NOBLEREACH IS EXPANDING AND DEEPENING ITS ACADEMIC PARTNERSHIPS WITH A DIVERSE RANGE OF COLLEGES AND UNIVERSITIES THROUGH CASE COMPETITIONS, CONVENINGS, AND CURRICULUM OFFERINGS. IN 2023, WE HOSTED ENTREPRENEURSHIP AND PUBLIC SERVICE CASE COMPETITIONS WITH HOWARD UNIVERSITY AND GEORGIA SOUTHERN CASE SCHOOL OF BUSINESS AND ARE DEVELOPING ADDITIONAL PARTNERSHIPS WITH OTHER UNIVERSITIES TO LAUNCH PUBLIC SERVICE-FOCUSED PROGRAMS AND CURRICULA IN 2024. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INNOVATION. NOBLEREACH'S PARTNERSHIP WITH THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY SUCCESSFULLY HELPED COMMERCIALIZE OVER 100 GOVERNMENT-FUNDED TECHNOLOGIES AND VENTURES. OUR PARTNERSHIP WITH THE NATIONAL SCIENCE FOUNDATION'S TECHNOLOGY, INNOVATION, AND PARTNERSHIPS DIRECTORATE HELPED TRANSLATE AND COMMERCIALIZE THE IMPACTFUL WORK OF NEARLY A DOZEN NSF-FUNDED RESEARCHERS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $21,674 | ExpenseAmt |
| Desc | TALENT. NOBLEREACH LAUNCHED ITS FIRST INTERNSHIP PROGRAM - AN EXPERIENTIAL LEARNING OPPORTUNITY TO HELP INSPIRE AND EDUCATE UNDERGRADUATE STUDENTS TO CONSIDER THE PROMISE AND IMPORTANCE OF GOVERNMENT SERVICE AS PART OF A SUCCESSFUL CAREER. IN 2023, WE ALSO BEGAN CREATING THE INFRASTRUCTURE AND RECRUITING TO LAUNCH THE INAUGURAL CLASS OF NOBLEREACH'S SCHOLARS PROGRAM IN AUGUST 2024. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $61,021,768 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 60 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 49 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | LY | ForeignCountryCd |
| Foreign Country | SA | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STEPHANIE DEFINO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7039179800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7940 JONES BRANCH DRIVE 600 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| ANN DUNWOODY | ||||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $91,500 | $0 | $0 | |||
| ARUN GUPTA | ||||||||
| CEO | 40.00 | Yes (X) | $1,030,473 | $0 | $40,928 | Yes (X) | ||
| CONSTANTINE SAAB | ||||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $75,000 | $0 | $0 | |||
| DAVE MCCURDY | ||||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $91,500 | $0 | $0 | |||
| LESLIE SMITH | ||||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $75,000 | $0 | $0 | |||
| LISA DISBROW | ||||||||
| BOARD CHAIR | 1.00 | Yes (X) | $106,500 | $0 | $0 | Yes (X) | ||
| RAQUEL BONO | ||||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $75,000 | $0 | $0 | |||
| ROBERT DAIL | ||||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $91,500 | $0 | $0 | |||
| TODD STOTTLEMYER | ||||||||
| BOARD DIRECTOR | 1.00 | Yes (X) | $75,000 | $0 | $0 | |||
| PASQUALE M TAMBURRINO JR | ||||||||
| CAO & TREASURER | 40.00 | $829,667 | $0 | $26,388 | Yes (X) | |||
| CLAUDE DAVIS | ||||||||
| SVP, FIN.&CONTRACTS | 40.00 | $377,988 | $0 | $58,505 | Yes (X) | |||
| LINDA BIXBY | ||||||||
| EVP, ACADEMIC PROG | 40.00 | $466,070 | $0 | $34,585 | Yes (X) | |||
| MICHAEL BRENNAN | ||||||||
| OUTGOING CIO/CTO | 40.00 | $450,777 | $0 | $46,517 | Yes (X) | |||
| SHARON HAYS | ||||||||
| OUTGOING CHIEF RES. OFFICER | 40.00 | $848,284 | $0 | $24,807 | Yes (X) | |||
| CHARLENE MARINI | ||||||||
| SR. COMMERCIALIZATION ADVISOR | 40.00 | $309,353 | $0 | $37,650 | Yes (X) | |||
| GLENN GAFFNEY | ||||||||
| FELLOW | 40.00 | $600,112 | $0 | $27,196 | Yes (X) | |||
| GREER PERSON | ||||||||
| SR. COMMERCIALIZATION ADVISOR | 40.00 | $323,085 | $0 | $20,008 | Yes (X) | |||
| PETROS KOTIDIS | ||||||||
| SR. COMMERCIALIZATION ADVISOR | 40.00 | $362,810 | $0 | $13,333 | Yes (X) | |||
| SIMON DAVIDSON | ||||||||
| PRESIDENT, NOBLEREACH EMERGE | 40.00 | $633,291 | $0 | $51,447 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $6,912,910 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $381,364 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 26 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VENABLE LLP | |||||
| PO BOX 62727 | BALTIMORE | MD | 21264 | LEGAL SERVICES | $821,538 |
| COHNREZNICK | |||||
| 14 SYLVAN WAY 3RD FLOOR | PARISPPANY | NJ | 07054 | ACCOUNTING SERVICES | $561,562 |
| APPIAN PARTNERS LLC | |||||
| 502 SCRIMSHAW WAY | SEVERNA PARK | MD | 21146 | CONSULTING SERVICES | $551,628 |
| 17-09 LLC | |||||
| 6 SHIRLEY ROAD | WELLESLEY | MA | 02482 | STRATEGIC CONSULTANT | $513,530 |
| KPV ADVISORS LLC | |||||
| 10 BLANCHARD STREET | MARBLEHEAD | MA | 01945 | CONSULTING SERVICES | $485,025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $7,426,233 | GovernmentGrantsAmt |
| Total Contributions | $7,426,233 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONTRACTED SERVICES | Desc |
| Business | 541900 | BusinessCd |
| Total Revenue Column | $44,573,654 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,573,654 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $44,573,654 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,075,095 | TotalRevenueColumnAmt |
| Exclusion | $11,075,095 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $61,666,245 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $61,032,918 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $633,327 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $633,327 | TotalRevenueColumnAmt |
| Exclusion | $633,327 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $85,030 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $85,030 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $85,030 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $63,793,339 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,658,684 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $11,708,422 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,930,669 | TotalAmt |
| Program Services | $3,648,986 | ProgramServicesAmt |
| Management And General | $1,281,683 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,917,512 | TotalAmt |
| Program Services | $3,679,342 | ProgramServicesAmt |
| Management And General | $1,238,170 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,856 | TotalAmt |
| Program Services | $167,740 | ProgramServicesAmt |
| Management And General | $124,116 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $572,854 | TotalAmt |
| Program Services | $329,240 | ProgramServicesAmt |
| Management And General | $243,614 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $639,797 | TotalAmt |
| Program Services | $367,715 | ProgramServicesAmt |
| Management And General | $272,082 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $784,722 | TotalAmt |
| Program Services | $451,008 | ProgramServicesAmt |
| Management And General | $333,714 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,235,588 | TotalAmt |
| Management And General | $1,235,588 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $684,826 | TotalAmt |
| Management And General | $684,826 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,092,876 | TotalAmt |
| Program Services | $3,307,053 | ProgramServicesAmt |
| Management And General | $785,823 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $466,473 | TotalAmt |
| Program Services | $200,152 | ProgramServicesAmt |
| Management And General | $266,321 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $218,900 | TotalAmt |
| Program Services | $125,810 | ProgramServicesAmt |
| Management And General | $93,090 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $538,786 | TotalAmt |
| Program Services | $363,604 | ProgramServicesAmt |
| Management And General | $175,182 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158 | TotalAmt |
| Program Services | $158 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,307,120 | TotalAmt |
| Program Services | $2,475,459 | ProgramServicesAmt |
| Management And General | $1,831,661 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $215,927 | TotalAmt |
| Program Services | $158,163 | ProgramServicesAmt |
| Management And General | $57,764 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,655 | TotalAmt |
| Program Services | $193,305 | ProgramServicesAmt |
| Management And General | $141,350 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,082,207 | TotalAmt |
| Program Services | $973,200 | ProgramServicesAmt |
| Management And General | $109,007 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,099 | TotalAmt |
| Program Services | $112,131 | ProgramServicesAmt |
| Management And General | $82,968 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PASSTHROUGH EXPENSES | $44,749,180 | $44,315,880 | $433,300 |
| DUES | $138,252 | $79,459 | $58,793 |
| BUSINESS TAXES | $48,792 | $55,072 | -$6,280 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $397,172 | TotalAmt |
| Program Services | $18,291 | ProgramServicesAmt |
| Management And General | $378,881 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,843,421 | TotalAmt |
| Program Services | $61,021,768 | ProgramServicesAmt |
| Management And General | $9,821,653 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,916,782 | BOYAmt |
| EOY | $19,668,407 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,500,028 | BOYAmt |
| EOY | $12,077,143 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,546,992 | BOYAmt |
| EOY | $1,106,583 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $865,311 | BOYAmt |
| EOY | $1,161,411 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,775,060 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,208,316 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $487,832 | BOYAmt |
| EOY | $566,744 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $322,283,652 | BOYAmt |
| EOY | $381,218,410 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,926,996 | BOYAmt |
| EOY | $21,145,003 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $973,032 | BOYAmt |
| EOY | $1,012,732 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $409,500,625 | BOYAmt |
| EOY | $437,956,433 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,848,526 | BOYAmt |
| EOY | $4,308,110 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,285,602 | BOYAmt |
| EOY | $19,695,862 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,134,128 | BOYAmt |
| EOY | $24,003,972 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $383,366,497 | BOYAmt |
| EOY | $413,952,461 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $383,366,497 | BOYAmt |
| EOY | $413,952,461 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $409,500,625 | BOYAmt |
| EOY | $437,956,433 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$7,050,082 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $37,636,046 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $7,426,233 | CurrentTaxYearAmt |
| Total | $7,426,233 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $95,325,913 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $399,461,982 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $421,728,905 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $341,380,670 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $44,573,654 | CurrentTaxYearAmt |
| Total | $1,302,471,124 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $95,325,913 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $399,461,982 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $421,728,905 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $341,380,670 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $51,999,887 | CurrentTaxYearAmt |
| Total | $1,309,897,357 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $64,666,471 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $265,526,512 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $271,773,238 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $215,952,780 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,794,169 | CurrentTaxYearAmt |
| Total | $850,713,170 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $64,666,471 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $265,526,512 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $271,773,238 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $215,952,780 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,794,169 | CurrentTaxYearAmt |
| Total | $850,713,170 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $459,184,187 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $468,204 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,032,751 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $159,138 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,110,181 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,075,095 | CurrentTaxYearAmt |
| Total | $17,845,369 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $468,204 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,032,751 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $159,138 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,110,181 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,075,095 | CurrentTaxYearAmt |
| Total | $17,845,369 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $400,681 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,672 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $85,030 | CurrentTaxYearAmt |
| Total | $507,383 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $95,794,117 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $400,895,414 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $421,909,715 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $346,490,851 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $63,160,012 | CurrentTaxYearAmt |
| Total | $1,328,250,109 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.34570 | PublicSupportCY509Pct |
| Public Support PY509 | 0.34820 | PublicSupportPY509Pct |
| Investment Income CY | 0.01340 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00550 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2020 AMOUNT: $ 400,681. 2021 AMOUNT: $ 21,672. 2023 AMOUNT: $ 85,030. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $708,313 | OtherCostOrOtherBasisAmt |
| Depreciation | $312,196 | DepreciationAmt |
| Book Value | $396,117 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,482,671 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,434,680 | DepreciationAmt |
| Book Value | $47,991 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,584,076 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,461,440 | DepreciationAmt |
| Book Value | $122,636 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $566,744 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED RENT LIABILITY | Desc |
| Amt | $19,695,862 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $19,695,862 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $57,614,072 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $37,636,046 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$43,730,283 | OtherRevenueAmt |
| Revenue Not Reported | -$6,094,237 | RevenueNotReportedAmt |
| Revenue Subtotal | $63,708,309 | RevenueSubtotalAmt |
| Other Revenues Not Included | $85,030 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $85,030 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $63,793,339 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $27,067,808 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$45,330 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$45,330 | ExpensesNotReportedAmt |
| Expenses Subtotal | $27,113,138 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $43,730,283 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $43,730,283 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $70,843,421 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | LOGISTIC MANAGEMENT INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT FOR UNRELATED BUSINESS INCOME. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENT AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMPANY HAS EVALUATED AND DETERMINED THERE ARE NO UNRECOGNIZED TAX EXPOSURE AND UNCERTAIN TAX POSITION AS OF DECEMBER 31 2023. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RECLASS PASSTHROUGH EXPENSES -43,730,283. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | RECLASS OTHER INCOME 85,030. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RECLASS OTHER INCOME -85,030. RELATED ORGANIZATION EXPENSES 39,700. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | RECLASS PASSTHROUGH EXPENSES 43,730,283. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | MIDDLE EAST AND NORTH AFRICA | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | LEGAL SERVICES | SpecificServicesProvidedTxt |
| Region Total Expenditures | $68,810 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $68,810 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $68,810 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | Yes (1) | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ARUN GUPTA | ||||||||||||||
| CEO | $716,203 | $0 | $313,000 | $0 | $1,270 | $0 | $23,100 | $0 | $17,828 | $0 | $1,071,401 | $0 | $0 | $0 |
| SHARON HAYS | ||||||||||||||
| OUTGOING CHIEF RES. OFFICER | $216,642 | $0 | $630,127 | $0 | $1,515 | $0 | $23,100 | $0 | $1,707 | $0 | $873,091 | $0 | $0 | $0 |
| PASQUALE M TAMBURRINO JR | ||||||||||||||
| CAO & TREASURER | $310,348 | $0 | $514,976 | $0 | $4,343 | $0 | $23,100 | $0 | $3,288 | $0 | $856,055 | $0 | $0 | $0 |
| SIMON DAVIDSON | ||||||||||||||
| PRESIDENT, NOBLEREACH EMERGE | $367,167 | $0 | $263,750 | $0 | $2,374 | $0 | $23,100 | $0 | $28,347 | $0 | $684,738 | $0 | $0 | $0 |
| GLENN GAFFNEY | ||||||||||||||
| FELLOW | $375,469 | $0 | $221,000 | $0 | $3,643 | $0 | $23,100 | $0 | $4,096 | $0 | $627,308 | $0 | $0 | $0 |
| LINDA BIXBY | ||||||||||||||
| EVP, ACADEMIC PROG | $298,325 | $0 | $164,102 | $0 | $3,643 | $0 | $23,100 | $0 | $11,485 | $0 | $500,655 | $0 | $0 | $0 |
| MICHAEL BRENNAN | ||||||||||||||
| OUTGOING CIO/CTO | $202,550 | $0 | $247,417 | $0 | $810 | $0 | $23,100 | $0 | $23,417 | $0 | $497,294 | $0 | $0 | $0 |
| CLAUDE DAVIS | ||||||||||||||
| SVP, FIN.&CONTRACTS | $257,284 | $0 | $119,441 | $0 | $1,263 | $0 | $23,100 | $0 | $35,405 | $0 | $436,493 | $0 | $0 | $0 |
| PETROS KOTIDIS | ||||||||||||||
| SR. COMMERCIALIZATION ADVISOR | $249,167 | $0 | $110,000 | $0 | $3,643 | $0 | $11,367 | $0 | $1,966 | $0 | $376,143 | $0 | $0 | $0 |
| CHARLENE MARINI | ||||||||||||||
| SR. COMMERCIALIZATION ADVISOR | $230,668 | $0 | $77,875 | $0 | $810 | $0 | $17,660 | $0 | $19,990 | $0 | $347,003 | $0 | $0 | $0 |
| GREER PERSON | ||||||||||||||
| SR. COMMERCIALIZATION ADVISOR | $229,233 | $0 | $90,375 | $0 | $3,477 | $0 | $18,146 | $0 | $1,862 | $0 | $343,093 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 5 | REGULAR FULL-TIME EMPLOYEES MAY BE ELIGIBLE FOR DISCRETIONARY ANNUAL PERFORMANCE BONUSES. THE PURPOSE OF THESE DISCRETIONARY BONUSES IS TO FOCUS, MOTIVATE, AND REWARD EMPLOYEES FOR THE ACHIEVEMENT OF GOALS AND OUTCOMES THAT, IN THE NEAR TERM, ADVANCE THE COMPANY'S MISSION. |
| PART I, LINE 6 | REGULAR FULL-TIME EMPLOYEES MAY BE ELIGIBLE FOR DISCRETIONARY ANNUAL PERFORMANCE BONUSES. THE PURPOSE OF THESE DISCRETIONARY BONUSES IS TO FOCUS, MOTIVATE, AND REWARD EMPLOYEES FOR THE ACHIEVEMENT OF GOALS AND OUTCOMES THAT, IN THE NEAR TERM, ADVANCE THE COMPANY'S MISSION. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1 | LOGISTICS MANAGEMENT INSTITUTE WAS REBRANDED AND REIMAGINED AS NOBLEREACH FOLLOWING THE DIVESTITURE OF ITS GOVERNMENT CONTRACTING PRACTICE TO A CONSORTIUM OF DOMESTIC INVESTORS IN 2022. NOBLEREACH'S MISSION, WHILE STILL ROOTED IN SERVING THE PUBLIC SECTOR AND THE NATIONAL INTEREST, IS UPDATED FOR THE 21ST CENTURY TO FOCUS ON TALENT AND INNOVATION. WE BELIEVE THAT AMERICA'S PROSPERITY AND ITS NATIONAL AND ECONOMIC SECURITY DEMAND A RENEWED SPIRIT OF NATIONAL SERVICE AND PUBLIC PURPOSE AMONG OUR BRIGHTEST MINDS AND THE PROMOTION OF MISSION-SERVING INNOVATION ECOSYSTEMS. TODAY, NOBLEREACH SEEKS TO UNITE THE ENTREPRENEURIAL AGILITY OF THE PRIVATE SECTOR, THE IDEAS AND TALENT FROM ACADEMIA, AND THE SCALE AND PURPOSE OF THE PUBLIC SECTOR TO DRIVE INNOVATION TOWARD SOLVING OUR NATION'S TOUGHEST CHALLENGES BY INSPIRING THE NEXT GENERATION OF MISSION-DRIVEN CHANGEMAKERS. IN 2023, OUR TALENT AND POLICY INITIATIVES INVOLVED POLICY CONVENINGS AND ENTREPRENEURSHIP COMPETITIONS AT PUBLIC EVENTS AND COLLEGES AND UNIVERSITIES AND AN EDUCATION-FOCUSED INTERNSHIP PROGRAM AS WELL AS LAYING THE GROUNDWORK FOR THE LAUNCH OF OUR INAUGURAL CLASS OF NOBLEREACH SCHOLARS IN AUGUST 2024. OUR INNOVATION EFFORTS CENTERED ON OUR PARTNERSHIPS WITH THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY (DARPA) AND THE NATIONAL SCIENCE FOUNDATION (NSF) TO SUPPORT THEIR TECHNOLOGY TRANSLATION AND COMMERCIALIZATION EFFORTS. |
| FORM 990, PART III, LINE 2 | AS PART OF THE ORGANIZATION'S ON GOING RESTRUCTURING, PROGRAMS LISTED ON PART III LINE 4A, B, AND WERE STARTED IN 2023. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION SUMMARIZES THE INFORMATION TO BE INCLUDED ON THE FORM 990 AND PROVIDES A DRAFT AND SUPPORTING DOCUMENTATION TO A THIRD-PARTY TAX FIRM. THE THIRD-PARTY TAX FIRM REVIEWS AND COMPILES THE DRAFT FORM 990. THE DRAFT FORM 990 IS REVIEWED BY MANAGEMENT. THE DRAFT FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD, AND THE AUDIT, FINANCE, AND INVESTMENT COMMITTEE IS BRIEFED ON THE DRAFT, PRIOR TO SUBMITTING THE FORM 990 TO THE IRS. THE BOARD OF DIRECTORS IS ACTIVELY ENGAGED AND AWARE OF THE FINANCIAL PERFORMANCE THROUGH QUARTERLY MEETINGS, MD&A REPORTS AND FINANCIAL STATEMENT AUDIT REVIEWS. BOARD SUBCOMMITTEES INCLUDE THE AUDIT, INVESTMENT, & FINANCE COMMITTEE, THE BOARD GOVERNANCE & NOMINATING COMMITTEE AND THE HUMAN RESOURCES AND COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A POLICY FOR ITS STAFF AND ITS BOARD REQUIRING EVERY PERSON TO DISCLOSE ANY CONFLICTS OF INTEREST IMMEDIATELY AS THEY ARISE. FURTHER, THE ORGANIZATION CIRCULATES A SURVEY TO ITS BOARD AND ITS OFFICERS SEEKING RESPONSES TO SEVERAL QUESTIONS REGARDING CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION FOR THE OFFICERS OF THE COMPANY IS DETERMINED ANNUALLY. THE CEO & PRESIDENT PROVIDES AN EVALUATION OF THE PERFORMANCE OF EACH OF THE OFFICERS REPORTING TO HIM AND RECOMMENDS SALARY CHANGES AND BONUSES TO THE HR & COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD CHAIRMAN EVALUATES THE PERFORMANCE OF THE CEO AND REPORTS TO THE HR & COMPENSATION COMMITTEE. THE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT WHO PROVIDES MARKET DATA ON CASH COMPENSATION AND TOTAL COMPENSATION FROM OTHER COMPANIES IN THE INDUSTRY FOR ALL OF THE OFFICERS AND MAKES RECOMMENDATIONS TO THE COMMITTEE. THE COMMITTEE RECOMMENDS COMPENSATION CHANGES FOR THE OFFICERS TO THE BOARD FOR ITS APPROVAL. ALL VOTING MEMBERS OF THE COMMITTEE AS WELL AS THE BOARD ARE INDEPENDENT DIRECTORS. MANAGEMENT RETAINS AN OVERALL SALARY STRUCTURE WITH RANGES FOR VARIOUS POSITIONS BASED ON MARKET DATA THAT IS PERIODICALLY EVALUATED AND UPDATED. FOR OTHER EMPLOYEES OF THE COMPANY (INCLUDING NON-OFFICER KEY EMPLOYEES), MANAGEMENT ANNUALLY PROVIDES AN ANALYSIS OF NATIONAL AND REGIONAL MARKET DATA ON SALARY BUDGET INCREASES AND PROPOSES A SALARY BUDGET POOL FOR THE UPCOMING FISCAL YEAR; THIS IS REVIEWED BY THE HR & COMPENSATION COMMITTEE, AND THEN THE COMMITTEE'S RECOMMENDATION IS REVIEWED AND APPROVED BY THE BOARD. COMPENSATION OF INDIVIDUAL KEY EMPLOYEES IS DETERMINED BY THE OFFICER IN CHARGE IN CONSULTATION WITH EACH EMPLOYEE'S SUPERVISING PROGRAM DIRECTOR OR ADMINISTRATIVE DIRECTOR. DECISIONS ON ANY BONUS POOL ARE MADE BY THE BOARD AFTER THE FISCAL YEAR HAS ENDED AND THE HR & COMPENSATION COMMITTEE REVIEWS THE CORPORATE PERFORMANCE DATA AND MAKES A RECOMMENDATION TO THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE TAURI GROUP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7940 JONES BRANCH DRIVE | AddressLine1Txt |
| City | TYSONS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 542021437 | EIN |
| Primary Activities | GOVT CONSULT | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOG MNGT INST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |