THE MASTERCARD FOUNDATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE MASTERCARD FOUNDATION (EIN 98-0543843)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-04-20
- IRS object ID
- 202011119349300701
- Schema version
- 2019v5.1
- 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 | 2020-04-20T08:37:11-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Deloitte LLP | BusinessNameLine1Txt |
Preparer Foreign Address PreparerForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8 ADELAIDE ST W SUITE 200 | AddressLine1Txt |
| City | TORONTO | CityNm |
| Province Or State | ON | ProvinceOrStateNm |
| Country | CA | CountryCd |
| Foreign Postal | M5H 0A9 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 980543843 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASTERCARD FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % DAVID MARLOW | InCareOfNm |
| Business Name Control | MAST | BusinessNameControlTxt |
| Phone | 4162142857 | PhoneNum |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 Yonge Street Suite 2400 | AddressLine1Txt |
| City | TORONTO | CityNm |
| Province Or State | ONTARIO | ProvinceOrStateNm |
| Country | CA | CountryCd |
| Foreign Postal | M5B 2L7 | ForeignPostalCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | REETA ROY | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 6472141923 | PhoneNum |
| Signature | 2020-04-17 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | James McDonald | PreparerPersonNm |
| PTIN | P01297490 | PTIN |
| Phone | 4166016150 | PhoneNum |
| Preparation | 2020-04-09 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 99.230.240.27 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 98055220201115000002 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-04-20 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | EFDFA43673FA99640F9F15C317652C44A75541B0 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 7C3FADCA04A9E352768F81D5ABA4ED0027ECA6EF | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | David marlow | PrincipalOfficerNm |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2400 - 250 Yonge Street | AddressLine1Txt |
| City | TORONTO | CityNm |
| Province Or State | ONTARIO | ProvinceOrStateNm |
| Country | CA | CountryCd |
| Foreign Postal | M5B 2L7 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $380,455,418 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.mastercardfdn.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2005 | FormationYr |
| Activity Or Mission | THE MASTERCARD FOUNDATION ADVANCES YOUTH LEARNING AND FINANCIAL INCLUSION TO CATALYZE PROSPERITY IN DEVELOPING COUNTRIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $111,726,587 | PYInvestmentIncomeAmt |
| CY Investment Income | $191,932,785 | CYInvestmentIncomeAmt |
| PY Other Revenue | $478,804 | PYOtherRevenueAmt |
| CY Other Revenue | $214,728 | CYOtherRevenueAmt |
| PY Total Revenue | $112,205,391 | PYTotalRevenueAmt |
| CY Total Revenue | $192,147,513 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $266,327,587 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $301,926,340 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,716,846 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $22,224,396 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,478,918 | PYOtherExpensesAmt |
| CY Other Expenses | $33,455,037 | CYOtherExpensesAmt |
| PY Total Expenses | $297,523,351 | PYTotalExpensesAmt |
| CY Total Expenses | $357,605,773 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$185,317,960 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$165,458,260 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,401,495,233 | TotalAssetsBOYAmt |
| Total Assets EOY | $27,598,914,371 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,667,903 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,659,197 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $17,395,827,330 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $27,588,255,174 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MASTERCARD FOUNDATION SEEKS A WORLD WHERE EVERYONE HAS THE OPPORTUNITY TO LEARN AND PROSPER. THE FOUNDATION'S WORK IS GUIDED BY ITS MISSION TO ADVANCE LEARNING AND FINANCIAL INCLUSION FOR PEOPLE LIVING IN POVERTY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $12,197,646 | ExpenseAmt |
| Grant | $12,197,646 | GrantAmt |
| Desc | Mastercard Foundation partners with KCB Foundation in financial inclusion. The program provides young people with technical training in agriculture, construction and/or manufacturing, creating new enterprises that will in turn receive business development services and access to finance. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,193,618 | ExpenseAmt |
| Grant | $10,193,618 | GrantAmt |
| Desc | Mastercard Foundation partners with Equity Bank (Kenya) Limited in financial inclusion. The program provides financial literacy and entrepreneurship training, business development services, and access to finance. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,835,553 | ExpenseAmt |
| Grant | $8,835,553 | GrantAmt |
| Desc | Mastercard Foundation partners with Cellulant Nigeria Limited in financial inclusion. The program expands access to financial services for the poor using a digital platform to provide market information to smallholder farmers in Nigeria. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | GrantGrantAmt | DescDesc |
|---|---|---|
| $76,615,819 | $76,615,819 | OTHER FINANCIAL INCLUSION PROGRAMS |
| $194,083,705 | $194,083,705 | OTHER YOUTH LEARNING PROGRAMS |
| $25,696,142 | Other Program services Expenses incl. direct imple |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $296,395,666 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $270,699,524 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $327,622,483 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 2 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | CA | ForeignCountryCd |
| Foreign Country | RW | ForeignCountryCd |
| Foreign Country | KE | ForeignCountryCd |
| Foreign Country | GH | ForeignCountryCd |
| Foreign Country | SF | ForeignCountryCd |
| Foreign Country | ET | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID MARLOW | PersonNm |
| Phone | 4162142857 | PhoneNum |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 250 Yonge Street Suite 2400 | AddressLine1Txt |
| City | TORONTO | CityNm |
| Province Or State | Ontario | ProvinceOrStateNm |
| Country | CA | CountryCd |
| Foreign Postal | M5B 2L7 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| REETA ROY | |||||||||
| PRESIDENT/CEO | 0.0 | 60.0 | Yes (X) | Yes (X) | $1,029,680 | $0 | $154,707 | ||
| DAVID MARLOW | |||||||||
| CHIEF OPERATIONS OFFICER | 0.0 | 55.0 | Yes (X) | $595,927 | $0 | $9,012 | |||
| PETER MATERU | |||||||||
| CHIEF PROGRAM OFFICER | 0.0 | 55.0 | Yes (X) | $485,811 | $0 | $7,380 | |||
| Sharon Alton | |||||||||
| HEAD OF HR, CANADA | 0.0 | 45.0 | $224,813 | $0 | $8,416 | Yes (X) | |||
| LINDSAY WALLACE | |||||||||
| HEAD OF IMPACT | 0.0 | 45.0 | $206,502 | $0 | $9,065 | Yes (X) | |||
| JAMES COOKE | |||||||||
| HEAD OF FINANCE OPERATIONS | 0.0 | 45.0 | $182,582 | $0 | $8,773 | Yes (X) | |||
| Sergio Gomez | |||||||||
| HEAD OF IT | 0.0 | 40.0 | $169,746 | $0 | $8,695 | Yes (X) | |||
| Kimberley KERR | |||||||||
| EDUCATION LEAD | 0.0 | 40.0 | $166,204 | $0 | $8,125 | Yes (X) | |||
| FESTUS MOGAE | |||||||||
| DIRECTOR | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| James Jim Leech | |||||||||
| Board Chair | 0.0 | 6.0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Jendayi Frazer | |||||||||
| DIRECTOR | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| CRAIG CALHOUN | |||||||||
| DIRECTOR | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| DOUGLAS DOUG BAILLIE | |||||||||
| BOARD VICE-CHAIR | 0.0 | 3.0 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Zein Abdalla | |||||||||
| Director | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| Jay Ireland | |||||||||
| Director | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| Valerie Amos | |||||||||
| Director | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| JENNIFER FONSTAD | |||||||||
| DIRECTOR | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| Louise Arbour | |||||||||
| Director | 0.0 | 2.0 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,061,265 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $214,173 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 65 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd |
|---|---|---|---|---|---|---|---|---|---|---|
| McKinsey Company Canada | ||||||||||
| 110 CHARLES STREET WEST | TORONTO | ONTARIO | CA | M5S 1K9 | Consulting Services | $4,831,424 | ||||
| Intersect Productions Inc | ||||||||||
| PUBLIC RELATIONS | $533,500 | 405 Dean Street 4A | BROOKLYN | NY | 11217 | |||||
| Millennium Travel Pty Ltd | ||||||||||
| 22 1ST AVE DUNVEGANEDENVALE PO BO | MODDERFONTEIN JOHANNESBURG | 0 | SF | 1645 | Travel, Conference | $841,435 | ||||
| Dalberg South Africa | ||||||||||
| 1ST FLOORGROSVENOR CORNER 195 JAN | ROSEBANK | JOHANNESBURG | SF | 2193 | consulting services | $4,078,411 | ||||
| PROOF STRATEGIES INC | ||||||||||
| PUBLIC RELATIONS | $1,199,474 | 1140 3RD STREET NE SUITE 317 | WASHINGTON | DC | 20002 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 57 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $150,751,007 | TotalRevenueColumnAmt |
| Exclusion | $150,751,007 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $214,728 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $214,728 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $214,728 | TotalRevenueColumnAmt |
| Exclusion | $214,728 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $229,483,033 | SecuritiesAmt |
| Other | $6,551 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $188,307,905 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $41,175,128 | SecuritiesAmt |
| Other | $6,551 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $41,181,778 | TotalRevenueColumnAmt |
| Exclusion | $41,181,778 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $192,147,513 | TotalRevenueColumnAmt |
| Exclusion | $192,147,513 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,241,795 | TotalAmt |
| Program Services | $66,241,795 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $235,684,545 | TotalAmt |
| Program Services | $235,684,545 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,282,517 | TotalAmt |
| Program Services | $799,188 | ProgramServicesAmt |
| Management And General | $1,483,329 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,766,830 | TotalAmt |
| Program Services | $7,374,944 | ProgramServicesAmt |
| Management And General | $9,391,886 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,175,049 | TotalAmt |
| Program Services | $1,436,900 | ProgramServicesAmt |
| Management And General | $1,738,149 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $765,064 | TotalAmt |
| Program Services | $55,945 | ProgramServicesAmt |
| Management And General | $709,119 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $294,748 | TotalAmt |
| Management And General | $294,748 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,190,093 | TotalAmt |
| Program Services | $9,238,752 | ProgramServicesAmt |
| Management And General | $7,951,341 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,622,563 | TotalAmt |
| Management And General | $2,622,563 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $525,274 | TotalAmt |
| Management And General | $525,274 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,699,729 | TotalAmt |
| Program Services | $417,374 | ProgramServicesAmt |
| Management And General | $1,282,355 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,117,756 | TotalAmt |
| Program Services | $2,050,507 | ProgramServicesAmt |
| Management And General | $2,067,249 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,635,211 | TotalAmt |
| Program Services | $2,591,970 | ProgramServicesAmt |
| Management And General | $43,241 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,094,503 | TotalAmt |
| Management And General | $1,094,503 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,635 | TotalAmt |
| Management And General | $299,635 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| HUMAN RESOURCE COSTS | $1,005,628 | $525,730 | $479,898 |
| DIRECT IMPLEMENTATION COSTS | $1,204,833 | $1,204,833 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $357,605,773 | TotalAmt |
| Program Services | $327,622,483 | ProgramServicesAmt |
| Management And General | $29,983,290 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,015,665 | BOYAmt |
| EOY | $30,661,997 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $932,913 | BOYAmt |
| EOY | $2,707,244 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,130,819 | BOYAmt |
| EOY | $3,345,547 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $5,212,734 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,779,061 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,280,970 | BOYAmt |
| EOY | $3,433,673 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,386,501,173 | BOYAmt |
| EOY | $27,558,166,913 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $633,693 | BOYAmt |
| EOY | $598,997 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,401,495,233 | BOYAmt |
| EOY | $27,598,914,371 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,719,423 | BOYAmt |
| EOY | $9,601,440 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $930,051 | BOYAmt |
| EOY | $1,038,400 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,429 | BOYAmt |
| EOY | $19,357 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,667,903 | BOYAmt |
| EOY | $10,659,197 | 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 | $9,326,157 | BOYAmt |
| EOY | $30,088,261 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,386,501,173 | BOYAmt |
| EOY | $27,558,166,913 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,395,827,330 | BOYAmt |
| EOY | $27,588,255,174 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,401,495,233 | BOYAmt |
| EOY | $27,598,914,371 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$165,458,260 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $10,357,886,104 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $17,386,501,173 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $10,363,751,993 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $192,066,903 | OtherExpendituresAmt |
| Administrative Expenses | $19,350 | AdministrativeExpensesAmt |
| End Year Balance | $27,558,166,913 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,967,145,300 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $3,579,382,829 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $160,000,000 | OtherExpendituresAmt |
| Administrative Expenses | $26,956 | AdministrativeExpensesAmt |
| End Year Balance | $17,386,501,173 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,442,959,245 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $4,524,186,327 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $273 | AdministrativeExpensesAmt |
| End Year Balance | $13,967,145,299 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,168,689,479 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $596,044,003 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $321,773,536 | OtherExpendituresAmt |
| Administrative Expenses | $701 | AdministrativeExpensesAmt |
| End Year Balance | $9,442,959,245 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,249,210,825 | BeginningYearBalanceAmt |
| Contributions | $16,774,271 | ContributionsAmt |
| Investment Earnings Or Losses | $1,019,257,924 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $116,550,951 | OtherExpendituresAmt |
| Administrative Expenses | $2,590 | AdministrativeExpensesAmt |
| End Year Balance | $9,168,689,479 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 1.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Land | LandGrp |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $0 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,644,636 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,334,545 | DepreciationAmt |
| Book Value | $2,310,091 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $430,782 | OtherCostOrOtherBasisAmt |
| Depreciation | $173,537 | DepreciationAmt |
| Book Value | $257,245 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,137,316 | OtherCostOrOtherBasisAmt |
| Depreciation | $270,979 | DepreciationAmt |
| Book Value | $866,337 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,433,673 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TENANTS' DEPOSITS | Desc |
| Amt | $19,357 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $19,357 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $10,550,286,558 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $10,357,886,105 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $10,357,886,105 | RevenueNotReportedAmt |
| Revenue Subtotal | $192,400,453 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$252,940 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$252,940 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $192,147,513 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $357,858,713 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $252,940 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $252,940 | ExpensesNotReportedAmt |
| Expenses Subtotal | $357,605,773 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $357,605,773 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PART V, LINE 4 | THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO PROVIDE REVENUE TO FULFILL THE FOUNDATION'S MISSION OF HELPING TO CREATE OPPORTUNITIES FOR PEOPLE TO HARNESS THEIR OWN SKILLS AND RESOURCES TO IMPROVE THEIR QUALITY OF LIFE BY ADVANCING EFFECTIVE AND INNOVATIVE PROGRAMS IN FINANCIAL INCLUSION AND YOUTH LEARNING WORLDWIDE, WITH MAJOR FOCUS IN AFRICA. |
| SCHEDULE D, PART XI, LINE 4B | TO REALLOCATE THE AGGREGATE NEGATIVE RESULT FROM BOTH REALIZED AND UNREALIZED FOREIGN EXCHANGE GAINS AND LOSSES TO THE REVENUE RECONCILIATION: -$252,940 |
| SCHEDULE D, PART XII, LINE 2D | TO REALLOCATE THE AGGREGATE NEGATIVE RESULT FROM BOTH REALIZED AND UNREALIZED FOREIGN EXCHANGE GAINS AND LOSSES TO THE REVENUE RECONCILIATION: $252,940 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | OfficesOfficesCnt | EmployeeEmployeeCnt |
|---|---|---|---|---|---|
| Central America and the Caribbean | Program Services | youth learning & Finan | $6,865,170 | ||
| Europe (Including Iceland and Greenland) | Program Services | youth learning & Finan | $3,295,945 | ||
| Middle East and North Africa | Program Services | youth learning & Finan | $200,934 | ||
| North America | Program Services | youth learning & Finan | $8,971,320 | 1 | 166 |
| Sub-Saharan Africa | Program Services | youth learning & Finan | $216,351,176 | 6 | 43 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 7 | SubtotalOfficesCnt |
| Subtotal Employees | 209 | SubtotalEmployeesCnt |
| Total Office | 7 | TotalOfficeCnt |
| Total Employee | 209 | TotalEmployeeCnt |
| Subtotal Spent | $235,684,545 | SubtotalSpentAmt |
| Total Spent | $235,684,545 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (120 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|
| Sub-Saharan Africa | Financial Inclusion & Youth learning | $12,516,165 |
| Sub-Saharan Africa | Youth Learning | $10,420,971 |
| Sub-Saharan Africa | Youth lEARNING | $7,603,408 |
| Central America and the Caribbean | Youth Learning | $6,865,170 |
| Sub-Saharan Africa | Youth Learning | $4,041,400 |
| Sub-Saharan Africa | Youth Learning | $2,284,901 |
| Sub-Saharan Africa | Youth Learning | $2,365,174 |
| Sub-Saharan Africa | Youth Learning | $250,000 |
| Sub-Saharan Africa | Youth Learning | $248,758 |
| Sub-Saharan Africa | Youth learning | $5,654,550 |
| North America | YOUTH LEARNING | $4,054,736 |
| Sub-Saharan Africa | YOUTH LEARNING & SCHOLARS PROGRAM | $4,426,362 |
| Sub-Saharan Africa | YOUTH LEARNING | $1,200,484 |
| Sub-Saharan Africa | YOUTH LEARNING | $4,120,173 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $2,954,524 |
| Sub-Saharan Africa | YOUTH LEARNING | $3,191,649 |
| Sub-Saharan Africa | YOUTH LEARNING | $10,200 |
| Sub-Saharan Africa | YOUTH LEARNING | $3,119,922 |
| Sub-Saharan Africa | YOUTH LEARNING | $4,411,165 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $2,800,657 |
| Sub-Saharan Africa | Youth learning | $96,498 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $6,131,328 |
| Sub-Saharan Africa | YOUTH LEARNING | $2,957,447 |
| Sub-Saharan Africa | Youth Learning | $4,464,350 |
| Sub-Saharan Africa | Youth Learning | $2,635,974 |
| Sub-Saharan Africa | Youth learning | $750,000 |
| Europe (Including Iceland and Greenland) | Financial Inclusion | $1,367,739 |
| North America | Youth Learning | $602,463 |
| Sub-Saharan Africa | Youth Learning | $12,484 |
| Sub-Saharan Africa | Youth Learning | $3,295,926 |
| Sub-Saharan Africa | Youth Learning | $3,359,808 |
| Sub-Saharan Africa | Youth Learning | $666,487 |
| Sub-Saharan Africa | Youth Learning | $4,207,913 |
| Sub-Saharan Africa | Financial Inclusion | $2,687,741 |
| Sub-Saharan Africa | Financial Inclusion | $3,060,825 |
| Sub-Saharan Africa | YOUTH LEARNING | $798,720 |
| Sub-Saharan Africa | yOUTH lEARNING | $25,000 |
| Sub-Saharan Africa | Financial Inclusion | $3,885,166 |
| Sub-Saharan Africa | Financial Inclusion | $1,800,000 |
| Sub-Saharan Africa | Youth Learning | $6,366,786 |
| Sub-Saharan Africa | Youth Learning | $413,803 |
| Sub-Saharan Africa | Financial Inclusion | $3,629,504 |
| North America | Youth Learning | $1,046,260 |
| Europe (Including Iceland and Greenland) | YOUTH Learning | $390,213 |
| Europe (Including Iceland and Greenland) | Youth Learning | $1,264,408 |
| Sub-Saharan Africa | Financial Inclusion | $699,631 |
| Sub-Saharan Africa | YOUTH LEARNING | $438,328 |
| Sub-Saharan Africa | YOUTH LEARNING | $344,030 |
| Sub-Saharan Africa | YOUTH LEARNING | $25,000 |
| Sub-Saharan Africa | YOUTH LEARNING | $889,027 |
| Sub-Saharan Africa | YOUTH LEARNING | $857,594 |
| Sub-Saharan Africa | youth learning | $1,620,307 |
| Sub-Saharan Africa | YOUTH LEARNING | $401,073 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $79,881 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $52,831 |
| Sub-Saharan Africa | YOUTH LEARNING | $249,955 |
| Sub-Saharan Africa | Financial Inclusion | $6,802,518 |
| Sub-Saharan Africa | Financial Inclusion | $2,694,583 |
| Europe (Including Iceland and Greenland) | YOUTH LEARNING | $50,000 |
| North America | YOUTH LEARNING | $1,497,699 |
| North America | YOUTH LEARNING | $906,172 |
| Sub-Saharan Africa | YOUTH LEARNING | $1,548,290 |
| North America | Youth learning | $224,444 |
| Sub-Saharan Africa | Youth learning | $151,668 |
| Central America and the Caribbean | Youth learning | $383,272 |
| Sub-Saharan Africa | Youth learning | $250,000 |
| Sub-Saharan Africa | Youth learning | $199,958 |
| Sub-Saharan Africa | Youth learning | $3,312,800 |
| Sub-Saharan Africa | Youth learning | $87,165 |
| North America | Youth learning | $60,360 |
| Sub-Saharan Africa | Youth learning | $1,013,114 |
| North America | Youth Learning | $79,143 |
| North America | Financial Inclusion | $5,442,563 |
| Sub-Saharan Africa | Youth learning | $6,816,710 |
| North America | Youth learning | $7,532 |
| North America | Youth learning | $53,012 |
| Sub-Saharan Africa | Financial Inclusion | $99,639 |
| Sub-Saharan Africa | Youth learning | $92,280 |
| South America | Youth learning | $491,212 |
| Sub-Saharan Africa | Youth learning | $8,835,553 |
| Sub-Saharan Africa | Financial Inclusion | $99,961 |
| Sub-Saharan Africa | Youth learning | $135,672 |
| Sub-Saharan Africa | Youth learnings | $79,843 |
| Sub-Saharan Africa | Youth learning | $913,473 |
| Sub-Saharan Africa | Youth learning | $311,728 |
| Sub-Saharan Africa | Financial Inclusion | $1,204,120 |
| Sub-Saharan Africa | Youth learning | $2,062,946 |
| Europe (Including Iceland and Greenland) | Youth learning | $84,000 |
| North America | Youth learning | $16,547 |
| North America | Financial Inclusion | $145,770 |
| Sub-Saharan Africa | Youth learning | $244,538 |
| Sub-Saharan Africa | Youth learning | $60,161 |
| North America | Financial Inclusion | $121,875 |
| Europe (Including Iceland and Greenland) | Youth learning | $148,055 |
| Sub-Saharan Africa | Youth learning | $99,928 |
| Sub-Saharan Africa | Youth learning | $2,500,914 |
| Sub-Saharan Africa | Youth learning | $249,952 |
| Europe (Including Iceland and Greenland) | Financial Inclusion | $249,091 |
| Sub-Saharan Africa | Financial Inclusion | $10,193,618 |
| Sub-Saharan Africa | Financial Inclusion | $714,768 |
| North America | Financial Inclusion | $247,808 |
| Sub-Saharan Africa | Financial Inclusion | $3,720,379 |
| Sub-Saharan Africa | Youth learning | $100,000 |
| Europe (Including Iceland and Greenland) | Youth learning | $362,692 |
| Sub-Saharan Africa | Financial Inclusion | $178,100 |
| Sub-Saharan Africa | Youth learning | $2,834,997 |
| Sub-Saharan Africa | Youth learning | $856,239 |
| Middle East and North Africa | Youth learning | $200,934 |
| Sub-Saharan Africa | Financial Inclusion | $34,751 |
| Sub-Saharan Africa | Youth learning | $3,556,879 |
| Sub-Saharan Africa | Financial Inclusion | $12,197,646 |
| Europe (Including Iceland and Greenland) | Youth learning | $33,000 |
| Sub-Saharan Africa | Financial Inclusion | $1,105,709 |
| Sub-Saharan Africa | Youth learning | $2,182,529 |
| Europe (Including Iceland and Greenland) | Youth learning | $44,901 |
| Sub-Saharan Africa | Financial Inclusion | $1,364,768 |
| Sub-Saharan Africa | Youth learning | $50,000 |
| North America | Youth learning | $53,268 |
| Sub-Saharan Africa | Youth learning | $522,908 |
| Sub-Saharan Africa | Youth learning | $1,176,415 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 120 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | Yes (true) | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THROUGHOUT THE LIFECYCLE OF THE PROJECT, THE FOUNDATION ASSESSES WHETHER THE ORGANIZATION IS CARRYING OUT ACTIVITIES CONSISTENT WITH THE PURPOSES FOR WHICH THE FUNDS WERE APPROVED. THIS IS DONE BY USING FINANCIAL AND NARRATIVE REPORTING FROM THE ORGANIZATION, AND WHERE APPLICABLE ON-SITE PROJECT VISITS, MEETINGS WITH THE ORGANIZATION AS WELL AS THIRD PARTY REVIEWS AND REPORTS. AN ASSESSMENT OF COMPLIANCE WITH ANTI-TERRORISM LEGISLATION AND OTHER DUE DILIGENCE PROCEDURES ARE DONE ON AN ANNUAL BASIS FOR MULTI-YEAR PROJECTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (44 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| ACCION International | ||||||||
| 10 FAWCETT ST | STE 204 | CAMBRIDGE | MA | 021381171 | 132535763 | 501(c)3 | $2,232,777 | FINANCIAL INCLUSION |
| BRAC USA Inc | ||||||||
| 110 WILLIAM STREET 29TH FLOOR | NEW YORK | NY | 10038 | 208456741 | 501(c)3 | $6,760,935 | YOUTH LEARNING | |
| The SEEP Network | ||||||||
| 1611 N Kent Street | ARLINGTON | VA | 22209 | 133840611 | 501(c)3 | $1,020,522 | FINANCIAL INCLUSION | |
| The World Bank | ||||||||
| 1818 H Street NW | WASHINGTON | DC | 20433 | 521186444 | 501(c)7 | $2,750,000 | YOUTH LEARNING | |
| Tufts University | ||||||||
| 62R Talbot Ave | MEDFORD | MA | 02155 | 042103634 | 501(c)3 | $201,100 | Youth Learning | |
| Wellesley College | ||||||||
| 106 Central Street | WELLESLEY | MA | 02481 | 042103637 | 501(c)3 | $943,756 | Youth Learning | |
| INTERNATIONAL RESCUE COMMITTEE INC | ||||||||
| 122 E 42ND STREET | NEW YORK | NY | 10168 | 135660870 | 501(c)3 | $1,880,336 | YOUTH Learning | |
| INTERNATIONAL YOUTH FOUNDATION | ||||||||
| One East Pratt Street | SUITE 701 | BALTIMORE | MD | 21202 | 382935397 | 501(c)3 | $4,674,291 | Youth Learning |
| American University of Beirut | ||||||||
| 3 dag hammarskjold plaza | NEW YORK | NY | 10017 | 135596846 | 501(c)3 | $59,300 | Youth Learning | |
| The Brookings Institution | ||||||||
| 1775 Massachusetts Ave | Washington | DC | 20036 | 530196577 | 501(c)3 | $250,000 | FINANCIAL INCLUSION | |
| The Skoll Foundation | ||||||||
| 250 University Ave | Palo Alto | CA | 94301 | 113659133 | 501(c)3 | $306,129 | youth learning | |
| Duke University | ||||||||
| 324 Blackwell St Ste 850 | Durham | NC | 27701 | 560532129 | 501(c)3 | $1,567,301 | Youth Learning | |
| michigan state university | ||||||||
| 427 N Shaw Lane Rm 308 | Elansing | MI | 48824 | 386005984 | 501(c)3 | $2,964,411 | youth learning | |
| University of California Berkeley | ||||||||
| 356 Stephens Hall | berkeley | CA | 94720 | 943067788 | 501(c)3 | $2,940,072 | youth learning | |
| Bankable Frontier Associates LLC | ||||||||
| 48 Grove St Ste 303 | Somerville | MA | 02144 | 204108833 | OTHER | $354,538 | FINANCIAL INCLUSION | |
| INTERNATIONAL FINANCE CORPORATION | ||||||||
| 2121 PENNSYLVANIA AVE | WASHINGTON | DC | 20433 | 999999999 | non-profit | $100,000 | FINANCIAL INCLUSION | |
| MATHEMATICA POLICY RESEARCH | ||||||||
| 1100 1ST STREET | 12th Floor | WASHINGTON | DC | 20002 | 999999999 | OTHER | $250,101 | Youth Learning |
| STANFORD UNIVERSITY | ||||||||
| 355 Galvez Street | STANFORD | CA | 94305 | 941156365 | 501(C)3 | $1,359,646 | Youth Learning | |
| PACT INSTITUTE INC | ||||||||
| 1828 L STSTE 300 | WASHINGTON | DC | 20036 | 522131854 | 501(c)3 | $60,000 | FINANCIAL INCLUSION | |
| root capital inc | ||||||||
| 130 Bishop Allen Dr Floor 2 | CAMBRIDGE | MA | 02139 | 043478123 | 501(c)3 | $963,254 | financial inclusion | |
| Carnegie Mellon University | ||||||||
| 5000 Forbes Ave | Pittsburgh | PA | 15213 | 250969449 | 501(c)3 | $2,094,783 | Youth Learning | |
| Global Development Incubator Inc | ||||||||
| 1634 Eye Street NW | Suite 300 | Washington | DC | 20006 | 141945286 | 501(c)3 | $1,528,872 | Finanicial Inclusion |
| Cooperative Housing Foundation(Global Communities) | ||||||||
| 8601 Georgia AveSte 800 | Silver Spring | MD | 20910 | 520846183 | 501(c)3 | $3,636,794 | Youth Learning | |
| Education Development Center Inc | ||||||||
| 43 Foundry Avenue | Waltham | MA | 02453 | 042241718 | 501(c)3 | $3,320,422 | Youth Learning | |
| Mercy Corps | ||||||||
| 45 SW Ankeny Street | Portland | OR | 97204 | 911148123 | 501(c)3 | $3,802,858 | Financial Inclusion | |
| Firelight Foundation | ||||||||
| 740 Front stste 380 | Santa Cruz | CA | 95060 | 272795006 | 501(c)3 | $127,474 | Youth Learning | |
| Social Impact Inc | ||||||||
| 2300 Clarendon Boulevard | Arlington | VA | 22201 | 541795186 | Other | $480,625 | Youth Learning | |
| African Center for Ecoomic Transformation | ||||||||
| 1776 K Street NW | Suite 200 | Washington | DC | 20006 | 113803281 | 501(c)3 | $1,503,036 | Youth Learning |
| Heifer Project International | ||||||||
| 1 World AveSUITE 520 | Little Rock | AR | 72202 | 351019477 | 501(c)3 | $3,544,315 | Youth Learning | |
| Innovations for Poverty Action | ||||||||
| 101 whitney ave | new haven | CT | 06510 | 061660068 | 501(c)3 | $136,529 | Youth Learning | |
| KIVA Microfunds | ||||||||
| 875 howard st ste 340 | San Francisco | CA | 94103 | 710992446 | 501(c)3 | $1,344,836 | Financial Inclusion | |
| The Resolution Project | ||||||||
| 1120 ave of the americas | New York | NY | 10036 | 264394051 | 501(c)3 | $250,000 | Youth Learning | |
| HARVARD UNIVERSITY | ||||||||
| RICHARD A SUSA F SMITH CAMPUS CEN | CAMBRIDGE | MA | 02138 | 042103580 | 501(c)3 | $25,000 | Financial Inclusion | |
| NCBA CLUSA | ||||||||
| 1775 Eye St Nw 8Th Floor | WASHINGTON | DC | 20006 | 362007481 | 501(c)6 | $2,055,464 | YOUTH LEARNING | |
| AFRICAN ENTREPRENERSHIP COLLECTIVE | ||||||||
| PO BOX 29 | CLINTON | WA | 98236 | 460743201 | 501(c)3 | $374,594 | FINANCIAL INCLUSION | |
| CONSULTATIVE GROUP TO ASSIST THE POOR | ||||||||
| MSN P 3-300 THE WORLD BANK GROUP | 1818 H STREET NW | DC | WA | 20433 | 999999999 | Non-profit Org | $1,451,376 | FINANCIAL INCLUSION |
| social science research council | ||||||||
| 300 Cadman Plaza w 15th floor | Brooklyn | NY | 11201 | 131325070 | 501(c)3 | $735,835 | YOUTH LEARNING | |
| ST LAWRENCE UNIVERSITY | ||||||||
| 23 ROMODA DRIVE CANTON | Canton | NY | 13617 | 150532239 | 501(c)3 | $42,000 | YOUTH LEARNING | |
| AfricaWorks | ||||||||
| 3128 Dumbarton St | Washington | DC | 20007 | 824193528 | 501(c)3 | $249,788 | Youth learning | |
| Arizona State University | ||||||||
| PO Box 877705 | Tempe | AZ | 85287 | 999999999 | Other | $7,190,314 | Youth learning | |
| Brown University | ||||||||
| Providence | Providence | RI | 02912 | 050258809 | 501(c)3 | $25,000 | Youth learning | |
| Drexel University | ||||||||
| 3141 Chestnut St | Philadelphia | PA | 19104 | 231352630 | 501(c)3 | $333,550 | Youth learning | |
| Transfr Inc | ||||||||
| 425 E 86th St Apt 2F | New York | NY | 10028 | 823079864 | Other | $99,860 | Youth learning | |
| Emerging Public Leaders | ||||||||
| 110 Vermont Ave Ste 500 | Washington | DC | 20005 | 815294637 | 501(c)3 | $250,000 | Youth learning | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 36 | Total501c3OrgCnt |
| Total Other Org | 44 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THROUGHOUT THE LIFECYCLE OF THE PROJECT, THE FOUNDATION ASSESSES WHETHER THE ORGANIZATION IS CARRYING OUT ACTIVITIES CONSISTENT WITH THE PURPOSES FOR WHICH THE FUNDS WERE APPROVED. THIS IS DONE BY USING FINANCIAL AND NARRATIVE REPORTING FROM THE ORGANIZATION, AND WHERE APPLICABLE ON-SITE PROJECT VISITS, MEETINGS WITH THE ORGANIZATION AS WELL AS THIRD PARTY REVIEWS AND REPORTS. AN ASSESSMENT OF COMPLIANCE WITH ANTI-TERRORISM LEGISLATION AND OTHER DUE DILIGENCE PROCEDURES ARE DONE ON AN ANNUAL BASIS FOR MULTI-YEAR PROJECTS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| 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 | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt |
|---|---|---|---|---|---|---|
| Sharon Alton | ||||||
| HEAD OF HR, CANADA | $184,487 | $18,813 | $21,513 | $8,416 | $233,229 | |
| REETA ROY | ||||||
| PRESIDENT/CEO | $740,000 | $277,064 | $12,616 | $6,707 | $1,184,387 | $148,000 |
| PETER MATERU | ||||||
| CHIEF PROGRAM OFFICER | $429,804 | $45,150 | $10,857 | $7,380 | $493,191 | |
| LINDSAY WALLACE | ||||||
| HEAD OF IMPACT | $195,654 | $10,848 | $9,065 | $215,567 | ||
| Kimberley KERR | ||||||
| EDUCATION LEAD | $155,018 | $11,186 | $8,125 | $174,329 | ||
| JAMES COOKE | ||||||
| HEAD OF FINANCE OPERATIONS | $173,380 | $9,202 | $8,773 | $191,355 | ||
| DAVID MARLOW | ||||||
| CHIEF OPERATIONS OFFICER | $419,923 | $163,586 | $12,418 | $9,012 | $604,939 | |
| Sergio Gomez | ||||||
| HEAD OF IT | $161,189 | $8,557 | $8,695 | $178,441 | ||
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, LINE 1 - SUPPLEMENTAL INFORMATION | FormAndLineReferenceDesc |
| Explanation | MasterCard Foundation has a travel policy which allows members of the Board of Directors to travel first class. STAFF: ALL AIR TRAVEL MUST BE BY COACH CLASS AT THE BEST POSSIBLE FARE AVAILABLE for Intracontinental travel. For Intercontinental travel staff may travel in Premium Economy. ANY EXCEPTIONS TO THE FOREGOING MUST RECEIVE PRIOR approval from the COO. PRESIDENT/CEO: ALL AIR Intracontinental TRAVEL MUST BE BY COACH CLASS AT THE BEST POSSIBLE FARE AVAILABLE. Any Intercontinental travel can BE BY BUSINESS CLASS. These payments are not reported on Canada's equivalent of the form W-2. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART VI LINE 7B | THE BYLAWS OF THE FOUNDATION STATE THAT NOMINATIONS OF QUALIFIED CANDIDATES TO BE ELECTED AS DIRECTORS OF THE BOARD OF THE FOUNDATION SHALL BE MADE BY THE BOARD OF THE FOUNDATION, UPON CONSULTATION WITH, BUT NOT UNDER THE CONTROL OR DIRECTION OF MASTERCARD INCORPORATED. MOREOVER, THE BYLAWS STATE THAT DIRECTORS OF THE FOUNDATION SHALL BE REQUIRED TO SATISFY THE QUALIFICATIONS OUTLINED IN THE BYLAWS, AS DETERMINED BY A RESOLUTION OF THE BOARD OF DIRECTORS OF THE FOUNDATION AND A MAJORITY OF THE VOTES CAST AT A PROPERLY CONSTITUTED MEETING OF THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS OF MASTERCARD INCORPORATED. AMENDING CERTAIN SECTIONS OF THE FOUNDATION'S BYLAWS ALSO REQUIRES APPROVAL BY MASTERCARD INCORPORATED. |
| PART VI LINE 11 | THE FORM 990 IS PREPARED BY DELOITTE LLP ("DELOITTE"), BASED ON THE INFORMATION PROVIDED BY THE FOUNDATION'S STAFF. THE FORM 990 IS REVIEWED BY THE FOUNDATION'S STAFF. PRIOR TO FILING, THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. DELOITTE SIGNS AS PREPARER AND THE CHIEF EXECUTIVE OFFICER SIGNS ON BEHALF OF THE FOUNDATION. |
| PART VI LINE 12C | FOUNDATION OFFICERS MUST COMPLY WITH THE EMPLOYEE CODE OF CONDUCT WHICH REQUIRES AN INITIAL DISCLOSURE FORM BEFORE HIS OR HER INVOLVEMENT WITH ANY OPERATIONS OF THE FOUNDATION. THIS DISCLOSURE IDENTIFIES ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE INDIVIDUAL MAY BE INVOLVED THAT HE OR SHE BELIEVES COULD CAUSE A CONFLICT OF INTEREST. THIS INITIAL DISCLOSURE MUST BE CONFIRMED ANNUALLY AND UPDATED WHENEVER SUBSTANTIAL CHANGES OCCUR. THE BOARD OF DIRECTORS ARE GOVERNED UNDER THE CONFLICT OF INTEREST PROVISIONS SET OUT IN THE FOUNDATION'S BYLAWS AND CODE OF CONDUCT FOR DIRECTORS. FOR BOTH OFFICERS AND DIRECTORS THE DISCLOSURE FORMS ARE REVIEWED AS THEY ARE SUBMITTED AND ANY POTENTIAL CONFLICTS ARE ADDRESSED. BOARD MEMBERS WITH A CONFLICT OF INTEREST DO NOT VOTE ON ANY MATTER RELATED TO THE ISSUE FOR WHICH THEY HAVE A CONFLICT, OR RESIGN FROM THE BOARD, AS APPLICABLE. |
| PART VI LINE 15A AND 15 B | Governance and Nominations Committee APPROVES COMPENSATION OF PRESIDENT/CEO AND COO. PRESIDENT/CEO APPROVES COMPENSATION OF ALL EMPLOYEES. EXTERNAL CONSULTANTS ARE ENGAGED TO PREPARE COMPENSATION STRUCTURE FOR ALL EMPLOYEES USING COMPARATOR GROUPS AND MARKET DATA. THE FOUNDATION REVIEWS COMPENSATION PLANNING DATA PROVIDED BY EXTERNAL CONSULTANT FOR SALARY ADJUSTMENTS EVERY OTHER YEAR. IN ADDITION, EXTERNAL CONSULTANTS ARE ENGAGED TO PERFORM COMPETITIVE REVIEW OF COMPENSATION FOR THE POSITIONS OF PRESIDENT/CEO, CHIEF OPERATIONS OFFICER, CHIEF PROGRAM OFFICER AND KEY EMPLOYEES AS REQUIRED. |
| PART VI LINE 19 | GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE FOUNDATION'S WEBSITE. |