Grantmakers for Effective Organizations FY2023 filing

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Geo is a community of funders committed to transforming philanthropic culture and practice by connecting members to the resources and relationships needed to support thriving nonprofits and communities.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $1.3M a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Plus $6.1M in investments, Pt X · Ln 11–13
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
60
named funders · $2.7M
Looks good: 60 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.6M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
-20% vs prior year
Spent
$7.1M
To programs
67%
Net assets
$9.2M
By yearFY2020–FY2024
Revenue
$4.9M
FY2023▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$9.9M
FY2022$6.1M
FY2023$4.9M
FY2024$10.0M
Expenses
$7.1M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$4.6M
FY2022$6.5M
FY2023$7.1M
FY2024$7.6M
Net assets
$9.2M
FY2023▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.5M
FY2021$11.8M
FY2022$11.3M
FY2023$9.2M
FY2024$11.6M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $4.7M Management & general 26% · $1.9M Fundraising 7% · $477K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$351,614Pt VII · Sec A
Executive Vice President
$228,170Pt VII · Sec A
Vice President, External Affairs
$180,332Pt VII · Sec A
Vice President, Programs
$179,570Pt VII · Sec A
Director, People & Culture
$144,116Pt VII · Sec A
Director of Operations
$136,654Pt VII · Sec A
Director of Programs
$133,057Pt VII · Sec A
Director of Communications & Marketing
$125,631Pt VII · Sec A

Marcus Walton’s $371K as President & CEO is at the 80th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marcus Walton$370,900—$317,631$309,282$300,090
Marcus F Walton—$351,614———
Meghan Duffy$234,421$228,170$219,727$212,913$202,688
Suprotik Stotz-Ghosh———$197,662$189,883
Akilah Massey$188,542$179,570$173,222$159,375$147,364
Kristina Wertz$188,465$180,332$118,584——
Mila Yochum$185,400$99,833———
Sinem Reed——$184,236$176,221$125,425

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects funders to resources and relationships to support thriving nonprofits and communities.

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Provided by the organization

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3 programs · $4.2M · in their own filed words · FY2023
01

Member Programs

Geo is a diverse community of nearly 500 grantmaking organizations working to transform philanthropic culture and practice. In 2023, grantmakers addressed shared challenges in grantmaking through geo's peer learning programs including webinars, member calls and remote learning series.

$1.9Mprogram expense
02

Conferences

Geo conferences educate and inspire action. In 2023, we held a learning conference that convened almost 550 grantmakers both in person in washington DC and virtually to connect with each other and hear from dynamic speakers on topics related to courageous (un)learning.

$1.4Mprogram expense
03

Research & Learning

We conduct research on field trends to mark changes in grantmaker practice over time, as well as ongoing skill-building for our staff, board and other key stakeholders to inform our strategy of building community.

$965Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 60 funders →
Grants paid · 4 grants · $174K · 2022–2024

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$4.1M
Fees for servicesLn 2g$590K
Investment incomeLn 3$220K
Money outPt IX
$7.1M
Ln 25
Programscol B$4.7M
Managementcol C$1.9M
Fundraisingcol D$477K
Owns and owesPt X
$9.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$10.7M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
23
listed · VII A
PaidVII A10
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.1M
Fees for servicesLn 2g$590K
Investment incomeLn 3$220K
Other incomeLn 4–11$10K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$2.5M
Cash and savings togetherLn 1–2$2.5M
InvestmentsLn 11–13$6.1M
Land, buildings, equipmentLn 10c$402K
Other assetsLn 15$835K
Total assetsLn 16$10.7M
LiabilitiesLn 26$1.6M
Net assetsLn 32$9.2M
OperationsPt I, VI
EmployeesI 526
VolunteersI 6360
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$3.2M$2.5M
InvestmentsLn 11–13$1.5M$6.1M
Land, buildings, equipmentLn 10c$440K$402K
Total assetsLn 16$13.4M$10.7M
LiabilitiesLn 26$2.0M$1.6M
Net assetsLn 32$11.3M$9.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$60K$60K
Pay of current officers, directors and key staffLn 5$2.0M$1.2M$578K$188K
Other salaries and wagesLn 7$1.2M$726K$329K$112K
Other employee benefitsLn 9$683K$407K$213K$63K
Payroll taxesLn 10$236K$147K$67K$22K
Legal feesLn 11b$43K$43K
Accounting feesLn 11c$144K$144K
Other fees for servicesLn 11g$854K$700K$147K$7K
Advertising and promotionLn 12$500$500
Office expensesLn 13$102K$63K$30K$9K
OccupancyLn 16$312K$192K$91K$29K
TravelLn 17$201K$148K$39K$15K
Conferences, conventions and meetingsLn 19$799K$778K$19K$2K
Depreciation, depletion and amortizationLn 22$124K$76K$35K$13K
InsuranceLn 23$27K$7K$20K$236
Other expenses (24a–d)Ln 24$234K$138K$80K$16K
All other expensesLn 24e$90K$72K$17K$839
Total functional expensesLn 25$7.1M$4.7M$1.9M$477K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $10.0M$7.6M$2.5M$11.6M 990 PDF
FY2023 Viewing $4.9M$7.1M−$2.2M$9.2M 990 PDF
FY2022 $6.1M$6.5M−$379K$11.3M 990 PDF
FY2021 $9.9M$4.6M$5.3M$11.8M 990 PDF
FY2020 $5.5M$4.5M$1.0M$6.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,894,643 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,265,542$4,075,305
I-9 Program service revenuePrior year $790,250$589,504
I-10 Investment incomePrior year $40,989$219,569
I-11 Other revenuePrior year $1,088$10,265
I-12 Total revenuePrior year $6,097,869$4,894,643
I-13 Grants and similar amounts paidPrior year $54,600$59,863
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,652,996$4,071,154
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,768,801$2,930,261
I-18 Total expensesPrior year $6,476,397$7,061,278
I-19 Revenue less expensesPrior year −$378,528−$2,166,635
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,894,643 across 7 lines filed
VIII-1b Membership dues$2,207,990
VIII-1f All other contributions, gifts and grants$1,867,315
VIII-1h Total contributions, gifts and grants$4,075,305
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $589,504$589,504
VIII-3 Investment incomeExcluded from tax $219,569$219,569
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,265$10,265
VIII-12 Total revenueRelated to mission $599,769 · Unrelated business $0 · Excluded from tax $219,569$4,894,643
Part IX · Statement of functional expenses $7,061,278 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $59,863$59,863
IX-5 Pay of current officers, directors and key staffPrograms $1,218,612 · Management $577,981 · Fundraising $188,184$1,984,777
IX-7 Other salaries and wagesPrograms $726,136 · Management $328,777 · Fundraising $112,277$1,167,190
IX-9 Other employee benefitsPrograms $407,331 · Management $212,893 · Fundraising $62,721$682,945
IX-10 Payroll taxesPrograms $147,006 · Management $66,771 · Fundraising $22,465$236,242
IX-11b Legal feesManagement $43,214$43,214
IX-11c Accounting feesManagement $143,734$143,734
IX-11g Other fees for servicesPrograms $700,451 · Management $146,759 · Fundraising $7,125$854,335
IX-12 Advertising and promotionFundraising $500$500
IX-13 Office expensesPrograms $63,135 · Management $30,054 · Fundraising $8,807$101,996
IX-16 OccupancyPrograms $192,042 · Management $91,422 · Fundraising $28,501$311,965
IX-17 TravelPrograms $148,235 · Management $38,741 · Fundraising $14,521$201,497
IX-19 Conferences, conventions and meetingsPrograms $777,702 · Management $19,176 · Fundraising $1,636$798,514
IX-22 Depreciation, depletion and amortizationPrograms $76,335 · Management $35,430 · Fundraising $12,660$124,425
IX-23 InsurancePrograms $6,612 · Management $19,817 · Fundraising $236$26,665
IX-24 Other expenses (24a–d)Programs $137,708 · Management $79,772 · Fundraising $16,080$233,560
IX-24e All other expensesPrograms $71,909 · Management $17,108 · Fundraising $839$89,856
IX-25 Total functional expensesPrograms $4,733,077 · Management $1,851,649 · Fundraising $476,552$7,061,278
Part X · Balance sheet $10,747,221 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,195,646$2,458,168
X-3 Pledges and grants receivableStart of year $1,421,128$823,828
X-4 Accounts receivableStart of year $16,597$49,015
X-9 Prepaid expenses and deferred chargesStart of year $45,812$34,638
X-10c Land, buildings and equipment, netStart of year $439,748$401,697
X-11 Publicly traded securitiesStart of year $1,459,785$6,145,035
X-15 Other assetsStart of year $1,281,302$834,840
X-16 Total assetsStart of year $13,379,679$10,747,221
X-17 Accounts payable and accrued expensesStart of year $292,479$254,352
X-19 Deferred revenueStart of year $56,379$44,509
X-25 Other liabilitiesStart of year $1,699,803$1,283,977
X-26 Total liabilitiesStart of year $2,048,661$1,582,838
X-27 Net assets without donor restrictionsStart of year $8,874,575$7,378,318
X-28 Net assets with donor restrictionsStart of year $2,456,443$1,786,065
X-32 Total net assets or fund balancesStart of year $11,331,018$9,164,383
X-33 Total liabilities and net assetsStart of year $13,379,679$10,747,221
Part XI · Reconciliation of net assets $9,164,383 net assets at year end
XI-1 Total revenue$4,894,643
XI-2 Total expenses$7,061,278
XI-3 Revenue less expenses−$2,166,635
XI-4 Net assets at start of year$11,331,018
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,164,383

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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