THE MASTERCARD FOUNDATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- THE MASTERCARD FOUNDATION (EIN 98-0543843)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-05-15
- IRS object ID
- 201841359349307884
- Schema version
- 2017v2.3
- 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 | 2018-05-15T13:23:50-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | 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 Street West Suite 200 | AddressLine1Txt |
| City | Toronto | CityNm |
| Province Or State | Ontario | ProvinceOrStateNm |
| Country | CA | CountryCd |
| Foreign Postal | M5H 0A9 | ForeignPostalCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | 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 |
| Business Name Line2 | (FKA The Mastercard Foundation) | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % PEGGY WOO | 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 | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 6472141923 | PhoneNum |
| Signature | 2018-05-15 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | James McDonald | PreparerPersonNm |
| PTIN | P01297490 | PTIN |
| Phone | 4166016150 | PhoneNum |
| Preparation | 2018-05-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | REETA ROY | 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 | $328,978,895 | 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 | MASTERCARD FOUNDATION'S WORK IS GUIDED BY ITS MISSION TO ADVANCE LEARNING AND FINANCIAL INCLUSION FOR PEOPLE lIVING IN POVERTY | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| 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 | $126,672,015 | PYInvestmentIncomeAmt |
| CY Investment Income | $127,064,191 | CYInvestmentIncomeAmt |
| PY Other Revenue | $557,094 | PYOtherRevenueAmt |
| CY Other Revenue | $471,373 | CYOtherRevenueAmt |
| PY Total Revenue | $127,229,109 | PYTotalRevenueAmt |
| CY Total Revenue | $127,535,564 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $256,538,221 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $278,150,727 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,276,996 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,857,493 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $12,793,356 | PYOtherExpensesAmt |
| CY Other Expenses | $15,904,522 | CYOtherExpensesAmt |
| PY Total Expenses | $277,608,573 | PYTotalExpensesAmt |
| CY Total Expenses | $303,912,742 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$150,379,464 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$176,377,178 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $9,660,981,405 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,004,487,207 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,353,720 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,508,201 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $9,658,627,685 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,000,979,006 | 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 | $16,968,874 | ExpenseAmt |
| Grant | $16,968,874 | GrantAmt |
| Desc | MasterCard Foundation partners with University of British Columbia in Youth Learning. The objective of the Scholars Program is to support academically talented, yet financially disadvantaged students from Africa to complete tertiary education, while fostering their leadership skills and their capacity to give back to their communities. University of British Columbia is one of the partner universities in the Scholars Program and is supporting 77 undergraduate and 35 graduate students. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $11,777,945 | ExpenseAmt |
| Grant | $11,777,945 | GrantAmt |
| Desc | MasterCard Foundation partners with University of Toronto in Youth Learning. The objective of the Scholars Program is to support academically talented, yet financially disadvantaged students from Africa to complete tertiary education, while fostering their leadership skills and their capacity to give back to their communities. University of Toronto is one of the partner universities in the Scholars Program and is supporting 67 undergraduate students. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $10,031,246 | ExpenseAmt |
| Grant | $10,031,246 | GrantAmt |
| Desc | MasterCard Foundation partners with Save the Children Canada in Youth Learning. The objective of the Youth in Action program is to educate rural out-of-school youth in Burkina Faso, Egypt, Malawi, Uganda, and Ethiopia and to support them in transitioning to better employment opportunities in the agricultural sector. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | GrantGrantAmt | DescDesc |
|---|---|---|
| $73,839,932 | $73,839,932 | OTHER FINANCIAL INCLUSION PROGRAMS |
| $165,532,730 | $165,532,730 | OTHER YOUTH LEARNING PROGRAMS |
| $12,433,643 | OTHER PROGRAM SERVICES EXPENSES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $251,806,305 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $239,372,662 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $290,584,370 | 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 |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| 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 With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| 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 | 1 | 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 |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | false | LocalChaptersInd |
| 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 | PEGGY WOO | PersonNm |
| Phone | 6478375802 | 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 (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JAMES JIM LEECH | ||||||||
| BOARD CHAIR | 6.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| HUTHAM OLAYAN | ||||||||
| Board Secretary/Treasurer | 3.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| FESTUS MOGAE | ||||||||
| DIRECTOR | 2.0 | Yes (X) | $0 | $0 | $0 | |||
| JENDAYI FRAZER | ||||||||
| DIRECTOR | 2.0 | Yes (X) | $0 | $0 | $0 | |||
| CRAIG CALHOUN | ||||||||
| DIRECTOR | 2.0 | Yes (X) | $0 | $0 | $0 | |||
| DOUGLAS DOUG BAILLIE | ||||||||
| BOARD VICE-CHAIR | 3.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Zein Abdalla | ||||||||
| Director | 2.0 | Yes (X) | $0 | $0 | $0 | |||
| Jay Ireland | ||||||||
| Director | 2.0 | Yes (X) | $0 | $0 | $0 | |||
| Valerie Amos | ||||||||
| Director | 2.0 | Yes (X) | $0 | $0 | $0 | |||
| REETA ROY | ||||||||
| PRESIDENT/CEO | 60.0 | Yes (X) | $643,460 | $0 | $6,738 | Yes (X) | ||
| PEGGY WOO | ||||||||
| CFO | 55.0 | Yes (X) | $252,767 | $0 | $5,222 | |||
| SHARON ALTON | ||||||||
| DIRECTOR, HUMAN RESOURCES | 45.0 | $174,779 | $0 | $8,037 | Yes (X) | |||
| TONI TIEMENS | ||||||||
| DEPUTY DIRECTOR, COMMUNICATION | 45.0 | $153,979 | $0 | $8,740 | Yes (X) | |||
| ANN MILES | ||||||||
| DIRECTOR, FINANCIAL INCLUSION | 45.0 | $331,980 | $0 | $29,407 | Yes (X) | |||
| PETER MATERU | ||||||||
| DIRECTOR, EDU LEARNING & YOUTH | 45.0 | $317,120 | $0 | $9,788 | Yes (X) | |||
| LINDSAY WALLACE | ||||||||
| DIRECTOR, LEARNING & STRATEGY | 45.0 | $174,663 | $0 | $9,013 | Yes (X) | |||
| KIM KERR | ||||||||
| DEPUTY DIRECTOR, Edu &learning | 40.0 | $145,851 | $0 | $8,039 | Yes (X) | |||
| JAMES COOKE | ||||||||
| DIRECTOR, FINANCE & ACCOUNTING | 45.0 | $169,980 | $0 | $8,749 | Yes (X) | |||
| Stefan Harpe | ||||||||
| Deputy Director, Financial Inc | 45.0 | $150,543 | $0 | $30,869 | Yes (X) | |||
| MEREDITH LEE | ||||||||
| DEPUTY DIRECTOR, YOUTH LIVELIH | 40.0 | $136,016 | $0 | $8,891 | Yes (X) | |||
| ALEMAYEHU KONDE KORIA | ||||||||
| SR PROGRAM MGR, YOUTH LIVELIHO | 40.0 | $135,926 | $0 | $8,327 | Yes (X) | |||
| Steve Cumming | ||||||||
| SR PROGRAM MGR, YOUTH LIVELIHO | 40.0 | $123,725 | $0 | $63,715 | Yes (X) | |||
| James Mclntyre | ||||||||
| Program MGR, Education&learng | 40.0 | $82,573 | $0 | $71,167 | Yes (X) | |||
| Mary Tangelder | ||||||||
| SR PROGRAM MGR, YOUTH LIVELIHO | 40.0 | $135,775 | $0 | $9,189 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,129,137 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $285,891 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 14 | 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/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|
| Heidrick Struggles Inc | ||||||||||
| 1133 Paysphere Circle | CHICAGO | IL | 606741010 | Search, Consultation | $412,552 | |||||
| Environics Communications | ||||||||||
| 1101 Connecticut Avenue NW Suite | WASHINGTON | DC | 20036 | Public Relation Serv | $869,619 | |||||
| Millennium Travel Pty Ltd | ||||||||||
| Travel, Conference | $1,109,970 | 22 1ST AVE DUNVEGANEDENVALE PO BO | MODDERFONTEIN | 0 | SF | 1645 | ||||
| Dalberg Consulting US LLC | ||||||||||
| 99 Madison Ave Floor 17 | NEW YORK | NY | 10016 | consulting services | $1,094,289 | |||||
| GREEN SPACE LTD | ||||||||||
| CONSTRUCTION,PROF. S | $415,108 | PO BOX 4435 | KIGALI | 0 | RW | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $105,917,738 | TotalRevenueColumnAmt |
| Exclusion | $105,917,738 | 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 | $471,373 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $471,373 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $471,373 | TotalRevenueColumnAmt |
| Exclusion | $471,373 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $222,577,505 | SecuritiesAmt |
| Other | $12,279 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $201,443,331 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,134,174 | SecuritiesAmt |
| Other | $12,279 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,146,453 | TotalRevenueColumnAmt |
| Exclusion | $21,146,453 | 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 | $127,535,564 | TotalRevenueColumnAmt |
| Exclusion | $127,535,564 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,292,581 | TotalAmt |
| Program Services | $106,292,581 | 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 | $171,858,146 | TotalAmt |
| Program Services | $171,858,146 | 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 | $2,639,725 | TotalAmt |
| Program Services | $881,815 | ProgramServicesAmt |
| Management And General | $1,757,910 | ManagementAndGeneralAmt |
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 | $6,037,189 | TotalAmt |
| Program Services | $3,118,211 | ProgramServicesAmt |
| Management And General | $2,918,978 | 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 | $1,180,579 | TotalAmt |
| Program Services | $662,401 | ProgramServicesAmt |
| Management And General | $518,178 | 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 | $449,286 | TotalAmt |
| Program Services | $160,920 | ProgramServicesAmt |
| Management And General | $288,366 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,925 | TotalAmt |
| Management And General | $141,925 | 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 | $5,743,612 | TotalAmt |
| Program Services | $2,646,820 | ProgramServicesAmt |
| Management And General | $3,096,792 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,076,485 | TotalAmt |
| Management And General | $1,076,485 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $530,804 | TotalAmt |
| Management And General | $530,804 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,590,048 | TotalAmt |
| Program Services | $156,794 | ProgramServicesAmt |
| Management And General | $1,433,254 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,577,244 | TotalAmt |
| Program Services | $942,782 | ProgramServicesAmt |
| Management And General | $634,462 | 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 | $3,853,610 | TotalAmt |
| Program Services | $3,828,510 | ProgramServicesAmt |
| Management And General | $25,100 | 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 | $516,221 | TotalAmt |
| Management And General | $516,221 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,161 | TotalAmt |
| Management And General | $141,161 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | HUMAN RESOURCE COSTS | Desc |
| Total | $284,126 | TotalAmt |
| Program Services | $35,390 | ProgramServicesAmt |
| Management And General | $248,736 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $303,912,742 | TotalAmt |
| Program Services | $290,584,370 | ProgramServicesAmt |
| Management And General | $13,328,372 | 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 | $9,227,182 | BOYAmt |
| EOY | $31,460,481 | 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 | $1,081,033 | BOYAmt |
| EOY | $1,254,206 | 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 | $966,309 | BOYAmt |
| EOY | $1,200,580 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,720,967 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $901,571 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,060,844 | BOYAmt |
| EOY | $2,819,396 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,646,301,816 | BOYAmt |
| EOY | $13,967,145,300 | 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 | $344,221 | BOYAmt |
| EOY | $607,244 | 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 | $9,660,981,405 | BOYAmt |
| EOY | $14,004,487,207 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,054,375 | BOYAmt |
| EOY | $2,874,361 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $255,115 | BOYAmt |
| EOY | $613,800 | 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 | $44,230 | BOYAmt |
| EOY | $20,040 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,353,720 | BOYAmt |
| EOY | $3,508,201 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,225,109 | BOYAmt |
| EOY | $33,833,706 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,644,402,576 | BOYAmt |
| EOY | $13,967,145,300 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,658,627,685 | BOYAmt |
| EOY | $14,000,979,006 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,660,981,405 | BOYAmt |
| EOY | $14,004,487,207 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$176,377,178 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $4,518,728,499 | 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 | $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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $9,168,689,479 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $274,270,467 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $701 | AdministrativeExpensesAmt |
| End Year Balance | $9,442,959,245 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,249,210,825 | BeginningYearBalanceAmt |
| Contributions | $16,774,271 | ContributionsAmt |
| Investment Earnings Or Losses | $902,706,973 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $2,590 | AdministrativeExpensesAmt |
| End Year Balance | $9,168,689,479 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,011,250,521 | BeginningYearBalanceAmt |
| Contributions | $105,385,917 | ContributionsAmt |
| Investment Earnings Or Losses | $132,589,047 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $14,660 | AdministrativeExpensesAmt |
| End Year Balance | $8,249,210,825 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $4,842,633,000 | BeginningYearBalanceAmt |
| Contributions | $164,576,577 | ContributionsAmt |
| Investment Earnings Or Losses | $3,004,073,001 | InvestmentEarningsOrLossesAmt |
| Administrative Expenses | $32,057 | AdministrativeExpensesAmt |
| End Year Balance | $8,011,250,521 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.02000 | BoardDesignatedBalanceEOYPct |
| Term Endowment Balance EOY | 0.98000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,797,417 | OtherCostOrOtherBasisAmt |
| Depreciation | $562,925 | DepreciationAmt |
| Book Value | $2,234,492 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $314,885 | OtherCostOrOtherBasisAmt |
| Depreciation | $171,095 | DepreciationAmt |
| Book Value | $143,790 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $608,665 | OtherCostOrOtherBasisAmt |
| Depreciation | $167,551 | DepreciationAmt |
| Book Value | $441,114 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,819,396 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TENANTS' DEPOSITS | Desc |
| Amt | $20,040 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $20,040 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $4,646,168,540 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $4,518,728,500 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $4,518,728,500 | RevenueNotReportedAmt |
| Revenue Subtotal | $127,440,040 | RevenueSubtotalAmt |
| Other Revenues Not Included | $95,524 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $95,524 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $127,535,564 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $303,817,218 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$95,524 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$95,524 | ExpensesNotReportedAmt |
| Expenses Subtotal | $303,912,742 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $303,912,742 | 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: -$95,524 |
| 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: $95,524 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | OfficesOfficesCnt | EmployeeEmployeeCnt |
|---|---|---|---|---|---|
| Central America and the Caribbean | Program Services | youth learning & Finan | $5,076,919 | ||
| Sub-Saharan Africa | Program Services | youth learning & Finan | $129,466,351 | 1 | 4 |
| Europe (Including Iceland and Greenland) | Program Services | youth learning & Finan | $4,531,464 | ||
| North America | Program Services | youth learning & Finan | $32,783,412 | 1 | 117 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 121 | SubtotalEmployeesCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 121 | TotalEmployeeCnt |
| Subtotal Spent | $171,858,146 | SubtotalSpentAmt |
| Total Spent | $171,858,146 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (89 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|
| Sub-Saharan Africa | FINANCIAL INCLUSION | $3,377,959 |
| Sub-Saharan Africa | YOUTH LEARNING | $2,572,933 |
| Europe (Including Iceland and Greenland) | FINANCIAL INCLUSION | $199,960 |
| North America | FINANCIAL INCLUSION | $199,800 |
| Sub-Saharan Africa | Youth Learning | $9,112,511 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $200,000 |
| Sub-Saharan Africa | Youth lEARNING | $5,811,359 |
| Central America and the Caribbean | Youth Learning | $5,076,919 |
| Sub-Saharan Africa | Youth Learning | $5,364,813 |
| Sub-Saharan Africa | Youth Learning | $1,653,902 |
| Sub-Saharan Africa | Youth Learning | $1,873,772 |
| Sub-Saharan Africa | Youth Learning | $250,000 |
| Sub-Saharan Africa | Youth Learning | $10,031,246 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $985,054 |
| Sub-Saharan Africa | youth Learning | $385,113 |
| North America | Youth learning | $50,000 |
| North America | youth learning | $11,777,945 |
| Sub-Saharan Africa | Youth Learning | $406,716 |
| Sub-Saharan Africa | YOUTH LEARNING | $1,932,091 |
| North America | YOUTH LEARNING | $16,968,874 |
| Sub-Saharan Africa | YOUTH LEARNING & SCHOLARS PROGRAM | $5,544,415 |
| Sub-Saharan Africa | YOUTH LEARNING | $3,146,967 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $2,169,814 |
| Sub-Saharan Africa | YOUTH LEARNING | $1,996,109 |
| Sub-Saharan Africa | YOUTH LEARNING | $2,765,390 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $3,372,131 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $149,973 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $1,496,288 |
| Sub-Saharan Africa | YOUTH LEARNING | $3,299,994 |
| Sub-Saharan Africa | Youth Learning | $989,936 |
| Sub-Saharan Africa | Youth Learning | $495,692 |
| Europe (Including Iceland and Greenland) | Financial Inclusion | $1,859,790 |
| North America | Youth Learning | $101,355 |
| Sub-Saharan Africa | YOUTH LEARNING | $125,940 |
| North America | Youth Learning | $1,021,249 |
| Europe (Including Iceland and Greenland) | Youth Learning | $84,048 |
| Sub-Saharan Africa | Financial Inclusion | $2,090,183 |
| Sub-Saharan Africa | Financial Inclusion | $482,136 |
| Sub-Saharan Africa | Financial Inclusion | $16,000 |
| Sub-Saharan Africa | Youth Learning | $2,712,692 |
| Sub-Saharan Africa | Youth Learning | $701,722 |
| Sub-Saharan Africa | Youth Learning | $1,291,871 |
| Sub-Saharan Africa | Youth Learning | $2,494,470 |
| Sub-Saharan Africa | Youth Learning | $6,597,324 |
| Sub-Saharan Africa | Youth Learning | $966,660 |
| Sub-Saharan Africa | Financial Inclusion | $4,186,230 |
| Sub-Saharan Africa | Youth Learning | $2,978,397 |
| Sub-Saharan Africa | Financial Inclusion | $1,997,414 |
| Sub-Saharan Africa | Youth Learning | $4,596,770 |
| Sub-Saharan Africa | Financial Inclusion | $2,376,759 |
| Sub-Saharan Africa | Youth Learning | $249,877 |
| Sub-Saharan Africa | YOUTH LEARNING | $730,463 |
| Sub-Saharan Africa | yOUTH lEARNING | $25,000 |
| Sub-Saharan Africa | Financial Inclusion | $2,765,121 |
| Sub-Saharan Africa | Financial Inclusion | $14,208 |
| Sub-Saharan Africa | Youth Learning | $4,108,298 |
| Sub-Saharan Africa | Financial Inclusion | $4,660,496 |
| North America | Youth Learning | $8,216 |
| North America | Youth Learning | $2,507,093 |
| Sub-Saharan Africa | Financial Inclusion | $667,644 |
| Europe (Including Iceland and Greenland) | Youth Learning | $1,889,080 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $121,703 |
| Sub-Saharan Africa | YOUTH LEARNING | $50,000 |
| Sub-Saharan Africa | YOUTH LEARNING | $329,730 |
| Sub-Saharan Africa | YOUTH LEARNING | $2,649,418 |
| North America | YOUTH LEARNING | $148,878 |
| Sub-Saharan Africa | YOUTH LEARNING | $237,389 |
| Sub-Saharan Africa | YOUTH LEARNING | $248,342 |
| Sub-Saharan Africa | YOUTH LEARNING | $319,173 |
| Sub-Saharan Africa | YOUTH LEARNING | $99,761 |
| Europe (Including Iceland and Greenland) | YOUTH LEARNING | $248,699 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $150,000 |
| Sub-Saharan Africa | youth learning | $249,996 |
| Sub-Saharan Africa | YOUTH LEARNING | $250,000 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $84,875 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $75,000 |
| Sub-Saharan Africa | YOUTH LEARNING | $421,080 |
| Sub-Saharan Africa | YOUTH LEARNING | $25,000 |
| Europe (Including Iceland and Greenland) | YOUTH LEARNING | $249,887 |
| Sub-Saharan Africa | YOUTH LEARNING | $461,119 |
| Sub-Saharan Africa | YOUTH LEARNING | $349,842 |
| Sub-Saharan Africa | YOUTH LEARNING | $1,015,197 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $113,800 |
| Sub-Saharan Africa | youth learning | $3,265,472 |
| Sub-Saharan Africa | YOUTH LEARNING | $888,177 |
| Sub-Saharan Africa | FINANCIAL INCLUSION | $198,825 |
| Sub-Saharan Africa | YOUTH LEARNING | $249,881 |
| Sub-Saharan Africa | YOUTH LEARNING | $623,223 |
| Sub-Saharan Africa | YOUTH LEARNING | $769,495 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 5 | Total501c3OrgCnt |
| Total Other Org | 84 | 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 | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE F, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION USES RISK CRITERIA AND TOOLS TO GUIDE THE APPROVAL OF PROJECTS THAT ARE CONSISTENT WITH THE FOUNDATION'S MANDATE AND TO MONITOR THE USE OF PROJECT FUNDS. THE FOUNDATION'S PROJECT AND PARTNER SELECTION, AS WELL AS MANAGEMENT PROCESS INCLUDES SEVERAL STEPS. THE BOARD OF DIRECTORS APPROVES THE STRATEGIC DIRECTION OF THE FOUNDATION. POTENTIAL PARTNERS ARE THEN INVITED TO SUBMIT A PROJECT NOTE AND HIGH-LEVEL BUDGET TO INITIATE DISCUSSIONS ON THE SCOPE OF THE PROJECT. THIS STAGE ALSO INCLUDES THE COMPLETION OF AN ORGANIZATIONAL QUESTIONNAIRE, WHICH PROVIDES INFORMATION ON THE APPLICANT ORGANIZATION'S MISSION AND GOALS, AS WELL AS THE APPLICANT'S GOVERNANCE POLICIES, GOVERNMENT FILINGS AND FINANCIAL STATEMENTS OR ANNUAL REPORTS. TO COMPLY WITH ANTI-TERRORISM LEGISLATION, THE FOUNDATION SCRUTINIZES THE APPLICANT ORGANIZATION, ITS BOARD MEMBERS AND KEY EMPLOYEES AGAINST BOTH SUBSCRIBED AND PUBLISHED ANTI-TERRORISM WATCH LISTS. IF THE FOUNDATION DETERMINES THAT A PROJECT SHOULD MOVE FORWARD, THE FOUNDATION WILL INVITE THE APPLICANT TO COMPLETE A PROPOSAL AND DETAILED BUDGET. DURING THIS PROPOSAL DEVELOPMENT STAGE, THE FOUNDATION CONDUCTS FURTHER DUE DILIGENCE PROCEDURES. THIS MAY INCLUDE ENGAGING A THIRD PARTY TO REVIEW THE APPLICANT ORGANIZATION TO CONFIRM ITS TRACK RECORD AND CAPACITY TO UNDERTAKE AND REPORT ON THE PROJECT. THE FOUNDATION MAY ALSO CONDUCT AN ON-SITE DUE DILIGENCE VISIT TO MEET WITH THE APPLICANT ORGANIZATION'S STAFF AND OTHER STAKEHOLDERS. ONCE THE APPLICANT SUBMITS THE PROPOSAL AND BUDGET, THE FOUNDATION WILL CONDUCT AN ANALYSIS OF THE BUDGET, TESTING BUDGET ASSUMPTIONS FOR REASONABLENESS. THE FOUNDATION MAY ALSO SEEK THIRD PARTY REVIEW OF THE PROPOSAL TO VALIDATE THE PROJECT DESIGN. AFTER THE PROPOSAL DEVELOPMENT AND DUE DILIGENCE STAGE, LOW-RISK PROJECTS AND PROJECTS THAT FIT WITHIN A STRATEGIC INITIATIVE FOR WHICH THE BOARD HAS ESTABLISHED AN OVERALL BUDGET ARE SUBMITTED TO THE PRESIDENT/CEO FOR APPROVAL. ALL OTHER PROJECTS ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED, A CONTRACT BETWEEN THE PARTIES IS EXECUTED AND PAYMENTS ARE ISSUED BASED ON PERFORMANCE. 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 (50 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 | $3,700,234 | FINANCIAL INCLUSION |
| Boulder Institute of Microfinance | ||||||||
| 120 E Washington St Suite 200 | Syracuse | NY | 13202 | 201175839 | 501(c)3 | $2,025,899 | FINANCIAL INCLUSION | |
| BRAC USA Inc | ||||||||
| 110 WILLIAM STREET 29TH FLOOR | NEW YORK | NY | 10038 | 208456741 | 501(c)3 | $6,950,146 | YOUTH LEARNING | |
| Massachusetts Institute Of Technology | ||||||||
| 77 Massachusetts Ave | CAMBRIDGE | MA | 021394307 | 042103594 | 501(c)3 | $364,176 | Financial Inclusion | |
| Microfinance Information Exchange Inc | ||||||||
| 1901 Pennsylvania Ave NW | STE 307 | WASHINGTON | DC | 20006 | 364502299 | 501(c)3 | $249,554 | FINANCIAL INCLUSION |
| University System of New Hampshire | ||||||||
| 73 Main Street | Carsey Institute Huddleston Hall | DURHAM | NH | 03824 | 026000937 | 501(c)3 | $200,000 | FINANCIAL INCLUSION |
| Wellesley College | ||||||||
| 106 Central Street | WELLESLEY | MA | 02481 | 042103637 | 501(c)3 | $1,521,873 | Youth Learning | |
| INTERNATIONAL YOUTH FOUNDATION | ||||||||
| One East Pratt Street | SUITE 701 | BALTIMORE | MD | 21202 | 382935397 | 501(c)3 | $2,929,358 | Youth Learning |
| UNITED NATIONS Capital Development Fund | ||||||||
| TWO UN PLAZA | 26TH FLOOR | New York | NY | 10017 | OTHER | $4,947,475 | FINANCIAL INCLUSION | |
| American University of Beirut | ||||||||
| 3 dag hammarskjold plaza | NEW YORK | NY | 100172303 | 135596846 | 501(c)3 | $2,785,479 | Youth Learning | |
| TechnoServe Inc | ||||||||
| 1120 19th St NW | Washington | DC | 20036 | 132626135 | 501(c)3 | $4,427,199 | Youth Learning | |
| michigan state university | ||||||||
| 427 N Shaw Lane Rm 308 | east lansing | MI | 488241035 | 386005984 | 501(c)3 | $10,083,590 | youth learning | |
| Tufts University | ||||||||
| 20 Professors Row | medford | MA | 02155 | 042103634 | 501(c)3 | $200,000 | FINANCIAL INCLUSION | |
| Arizona State University | ||||||||
| PO Box 877705 | Tempe | AZ | 852877705 | Other | $10,645,780 | Youth Learning | ||
| Bankable Frontier Associates LLC | ||||||||
| 48 Grove Street | Suite 303 | Somerville | MA | 02144 | 204108833 | OTHER | $2,330,231 | FINANCIAL INCLUSION |
| CHILDFUND INTERNATIONAL | ||||||||
| 2821 EMERYWOOD PARKWAY | RICHMOND | VA | 23294 | 540536100 | 501(C)3 | $1,859,296 | Youth Learning | |
| INTERNATIONAL FINANCE CORPORATION | ||||||||
| 2121 PENNSYLVANIA AVENUE NW | WASHINGTON | DC | 20433 | non-profit | $9,277,236 | FINANCIAL INCLUSION | ||
| MATHEMATICA POLICY RESEARCH | ||||||||
| 1100 1ST STREET NE | WASHINGTON | DC | 200024221 | OTHER | $567,289 | Youth Learning | ||
| STANFORD UNIVERSITY | ||||||||
| 355 GALVEZ STREET | STANFORD | CA | 943056108 | 941156365 | 501(C)3 | $1,123,755 | Youth Learning | |
| THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL | ||||||||
| 208 W FRANKLIN ST CB 6100 | CHAPEL HILL | NC | 275996100 | 566001393 | 501(c)3 | $8,000 | financial inclusion | |
| UNIVERSITY OF CALIFORNIA BERKELEY | ||||||||
| 356 STEPHENS HALL | BERKELEY | CA | 947202314 | 943067788 | 501(C)3 | $5,709,480 | YOUTH LEARNING | |
| BRIDGE2RWANDA INC | ||||||||
| 1818 N TAYLOR STREET | Little Rock | AZ | 72207 | 261205347 | 501(c)3 | $64,702 | youth learning | |
| EDUCATION DEVELOPMENT CENTER INC | ||||||||
| 43 foundry avenue | waltham | MA | 02453 | 042241718 | 501(c)3 | $3,182,332 | Youth Learning | |
| The Skoll Foundation | ||||||||
| 250 UNIVERSITY AVE SUITE 200 | PALO ALTO | CA | 94301 | 113659133 | 501(c)3 | $311,280 | Youth Learning | |
| root capital inc | ||||||||
| 955 MASSACHUSETTS AVE 5TH FLOOR | CAMBRIDGE | MA | 02139 | 043478123 | 501(c)3 | $922,995 | financial inclusion | |
| Village Health Works | ||||||||
| 45 West 36th Street | th Floor | NY | 10018 | 450545435 | 501(c)3 | $249,878 | Youth Learning | |
| Howard University | ||||||||
| 2400 Sixth Street NW | Washintgon | DC | 20059 | 530204707 | 501(c)3 | $10,000 | Youth Learning | |
| Carnegie Mellon University | ||||||||
| 5000 Forbes Ave | Pittsburgh | PA | 15213 | 250969449 | 501(c)3 | $898,535 | Youth Learning | |
| The Global Development Incubator Inc | ||||||||
| 1634 Eye Street NW | Suite 300 | Washington | DC | 20006 | 141945286 | 501(c)3 | $1,255,989 | Finanicial Inclusion |
| Educate | ||||||||
| PO Box 12302 | Denver | CO | 80212 | 841648407 | 501(c)3 | $225,000 | Youth Learning | |
| Cooperative Housing Foundation | ||||||||
| 8601 Georgia Ave | Suite 800 | Silver Spring | MD | 20910 | 520846183 | 501(c)3 | $3,942,870 | Youth Learning |
| Mercy Corps | ||||||||
| 45 SW Ankeny Street | Portland | OR | 97204 | 911148123 | 501(c)3 | $6,094,035 | Financial Inclusion | |
| International Bank for Reconstruction and Develop | ||||||||
| MSN P-300 THE WORLD BANK GROUP | 1818 H STREET NW | Washington | DC | 20433 | NON-Profit | $4,435,037 | Financial Inclusion | |
| Firelight Foundation | ||||||||
| 740 Front street | Suite 380 | Santa Cruz | CA | 95060 | 272795006 | 501(c)3 | $194,521 | Youth Learning |
| Social Impact Inc | ||||||||
| 2300 Clarendon Bouleard | Wuite 1000 | Arlington | VA | 22201 | Other | $337,527 | Youth Learning | |
| African Center for Ecoomic Transformation | ||||||||
| 1776 K Street NW | Suite 200 | Washington | DC | 20006 | 113803281 | 501(c)3 | $214,221 | Youth Learning |
| aKoma Media LLC | ||||||||
| 780 third avenue 7th floor | New york | NY | 10017 | Other | $249,920 | Youth Learning | ||
| Heifer Project International | ||||||||
| 1112 16th st NW | SUITE 520 | WASHINGTON | DC | 20036 | 351019477 | 501(c)3 | $4,322,694 | Youth Learning |
| KIVA Microfunds | ||||||||
| kivaorg 875 howard st ste 340 | San Francisco | CA | 94103 | 710992446 | 501(c)3 | $1,971,769 | Financial Inclusion | |
| The Resolution Project | ||||||||
| 1120 avenue of the americas | 4th floor | New York | NY | 10036 | 264394051 | 501(c)3 | $317,820 | Youth Learning |
| West African Research Association Inc | ||||||||
| Boston University | African Studies Center 232 Bay sta | Boston | MA | 02215 | 521690509 | 501(c)3 | $15,000 | Youth learning |
| Act4Accountability Inc | ||||||||
| 4406 windflower way | bowie | MD | 20720 | 465667693 | 509(a)(1) | $245,662 | YOUTH LEARNING | |
| CHILDREN'S RADIO FOUNDATION | ||||||||
| C/O EDMUND J BURNS | 120 BROADWAY 18TH FLOOR | NEW YORK | NY | 102710000 | 841711691 | 501(c)3 | $181,066 | YOUTH LEARNING |
| CONFLICT AND DEVELOPMENT FOUNDATION | ||||||||
| PO BOX 10067 | COLLEGE STATION | TX | 77842 | 461012587 | 501(c)3 | $25,000 | YOUTH LEARNING | |
| HARVARD UNIVERSITY Office for Sponsored Programs | ||||||||
| 1350 Massachusets Ave Suite 600 | RICHARD A AND SUSA F SMITH CAMPUS C | CAMBRIDGE | MA | 021383846 | 042103580 | 501(c)3 | $324,863 | YOUTH LEARNING and Financial Inclusion |
| HESHIMA KENYA | ||||||||
| 1111 N WELLS ST | SUITE 306 | CHICAGO | IL | 60610 | 260239864 | 501(c)3 | $245,487 | YOUTH LEARNING |
| NCBA CLUSA | ||||||||
| 1401 NEW YORK AVE NW SUITE 1100 | WASHINGTON | DC | 20005 | 362007481 | 501(c)3 | $2,269,245 | YOUTH LEARNING | |
| ROCKFELLER PHILANTHROPY ADVISORS | ||||||||
| 6 WEST 48TH STREET | 10TH FLOOR | NEW YORK | NY | 10036 | 133615533 | 501(c)3 | $706,842 | FINANCIAL INCLUSION |
| THE SEEP NETWORK | ||||||||
| 1611 N KENT STREET | SUITE 610 | ARLINGTON | VA | 22209 | 133840611 | 501(c)3 | $974,434 | FINANCIAL INCLUSION |
| PROJECT SYNDICATE LLC | ||||||||
| 4 WASHINGTON SQUARE VILLAGE | NEW YORK | NY | 10012 | 261469901 | Other | $197,807 | YOUTH LEARNING | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 40 | Total501c3OrgCnt |
| Total Other Org | 10 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE FOUNDATION USES RISK CRITERIA AND TOOLS TO GUIDE THE APPROVAL OF PROJECTS THAT ARE CONSISTENT WITH THE FOUNDATION'S MANDATE AND TO MONITOR THE USE OF PROJECT FUNDS. THE FOUNDATION'S PROJECT AND PARTNER SELECTION, AS WELL AS MANAGEMENT PROCESS INCLUDES SEVERAL STEPS. THE BOARD OF DIRECTORS APPROVES THE STRATEGIC DIRECTION OF THE FOUNDATION. POTENTIAL PARTNERS ARE THEN INVITED TO SUBMIT A PROJECT NOTE AND HIGH-LEVEL BUDGET TO INITIATE DISCUSSIONS ON THE SCOPE OF THE PROJECT. THIS STAGE ALSO INCLUDES THE COMPLETION OF AN ORGANIZATIONAL QUESTIONNAIRE, WHICH PROVIDES INFORMATION ON THE APPLICANT ORGANIZATION'S MISSION AND GOALS, AS WELL AS THE APPLICANT'S GOVERNANCE POLICIES, GOVERNMENT FILINGS AND FINANCIAL STATEMENTS OR ANNUAL REPORTS. TO COMPLY WITH ANTI-TERRORISM LEGISLATION, THE FOUNDATION SCRUTINIZES THE APPLICANT ORGANIZATION, ITS BOARD MEMBERS AND KEY EMPLOYEES AGAINST BOTH SUBSCRIBED AND PUBLISHED ANTI-TERRORISM WATCH LISTS. IF THE FOUNDATION DETERMINES THAT A PROJECT SHOULD MOVE FORWARD, THE FOUNDATION WILL INVITE THE APPLICANT TO COMPLETE A PROPOSAL AND DETAILED BUDGET. DURING THIS PROPOSAL DEVELOPMENT STAGE, THE FOUNDATION CONDUCTS FURTHER DUE DILIGENCE PROCEDURES. THIS MAY INCLUDE ENGAGING A THIRD PARTY TO REVIEW THE APPLICANT ORGANIZATION TO CONFIRM ITS TRACK RECORD AND CAPACITY TO UNDERTAKE AND REPORT ON THE PROJECT. THE FOUNDATION MAY ALSO CONDUCT AN ON-SITE DUE DILIGENCE VISIT TO MEET WITH THE APPLICANT ORGANIZATION'S STAFF AND OTHER STAKEHOLDERS. ONCE THE APPLICANT SUBMITS THE PROPOSAL AND BUDGET, THE FOUNDATION WILL CONDUCT AN ANALYSIS OF THE BUDGET, TESTING BUDGET ASSUMPTIONS FOR REASONABLENESS. THE FOUNDATION MAY ALSO SEEK THIRD PARTY REVIEW OF THE PROPOSAL TO VALIDATE THE PROJECT DESIGN. AFTER THE PROPOSAL DEVELOPMENT AND DUE DILIGENCE STAGE, LOW-RISK PROJECTS AND PROJECTS THAT FIT WITHIN A STRATEGIC INITIATIVE FOR WHICH THE BOARD HAS ESTABLISHED AN OVERALL BUDGET ARE SUBMITTED TO THE PRESIDENT/CEO FOR APPROVAL. ALL OTHER PROJECTS ARE SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. ONCE APPROVED, A CONTRACT BETWEEN THE PARTIES IS EXECUTED AND PAYMENTS ARE ISSUED BASED ON PERFORMANCE. 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 (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount |
|---|---|---|---|---|---|
| SHARON ALTON | |||||
| DIRECTOR, HUMAN RESOURCES | $168,916 | $5,863 | $8,037 | $182,816 | |
| TONI TIEMENS | |||||
| DEPUTY DIRECTOR, COMMUNICATION | $138,987 | $7,544 | $8,740 | $162,719 | $7,448 |
| REETA ROY | |||||
| PRESIDENT/CEO | $630,000 | $13,460 | $6,738 | $650,198 | |
| ANN MILES | |||||
| DIRECTOR, FINANCIAL INCLUSION | $303,655 | $18,325 | $29,407 | $361,387 | $10,000 |
| PETER MATERU | |||||
| DIRECTOR, EDU LEARNING & YOUTH | $274,489 | $4,981 | $9,788 | $326,908 | $37,650 |
| PEGGY WOO | |||||
| CFO | $241,857 | $10,910 | $5,222 | $257,989 | |
| LINDSAY WALLACE | |||||
| DIRECTOR, LEARNING & STRATEGY | $165,079 | $9,584 | $9,013 | $183,676 | |
| KIM KERR | |||||
| DEPUTY DIRECTOR, Edu &learning | $138,342 | $7,509 | $8,039 | $153,890 | |
| JAMES COOKE | |||||
| DIRECTOR, FINANCE & ACCOUNTING | $161,238 | $8,742 | $8,749 | $178,729 | |
| Stefan Harpe | |||||
| Deputy Director, Financial Inc | $143,345 | $7,198 | $30,869 | $181,412 | |
| Steve Cumming | |||||
| SR PROGRAM MGR, YOUTH LIVELIHO | $100,665 | $23,060 | $63,715 | $187,440 | |
| James Mclntyre | |||||
| Program MGR, Education&learng | $69,102 | $13,471 | $71,167 | $153,740 | |
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 North America travel. For travel outside North America staff may travel in Premium Economy. ANY EXCEPTIONS TO THE FOREGOING MUST RECEIVE PRIOR WRITTEN AUTHORIZATION BY THE PRESIDENT/CEO. PRESIDENT/CEO: ALL AIR TRAVEL WITHIN NORTH AMERICA MUST BE BY COACH CLASS AT THE BEST POSSIBLE FARE AVAILABLE. Any travel outside of North America 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 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 CFO. 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, CFO 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. |