Close Up Foundation EIN 23-7122882 Form 990 (PDF) Claim this org

Close Up Foundation FY2022 filing

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Educates immigrant students about US government, democracy, and civic involvement through Washington, D.C. programs. For fiscal year 2022 it reported $29.9M in revenue, $27.7M in expenses, and $4.9M in net assets.Pt I

Founded
1971
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Arlington, VA
Website
www.closeup.org
Filings
6 on file (2020–2022)
Revenue
$29.9MFY2022
Expenses
$27.7M
Net assets
$4.9M
People
24
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7122882 Public charity (501(c)(3)) Arlington, VA Founded 1971
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 8/6/26 · see original: IRS
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Size
$10–100M
What they do
Educates immigrant students about US government, democracy, and civic involvement through Washington, D.C. programs.
Leadership
Eric Adydan · President · $224K
Money in and out
$29.9M revenue, $27.7M expenses
Bottom line
84% program efficiency
Where the money goes · FY2022
Total revenue
$29.9M
Pt VIII · Ln 12
Total expenses
$27.7M
Pt IX · Ln 25
Net assets
$4.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.3M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.14 Fundraising $0.02
Program efficiency
84%
of spending reaches programs
Operating runway
5.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$29.9M
FY2022▲ +296%
Expenses
$27.7M
FY2022▲ +253%
Total assets
$14.3M
FY2022▲ +32%
Total liabilities
$9.4M
FY2022▲ +51%
Total revenue
$29.9M
Pt VIII · Ln 12
Total expenses
$27.7M
Pt IX · Ln 25
Net assets
$4.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.3M
Total assetsPt X · Ln 16$14.3M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 415
Mission & Programs · Part III

Where the work happens

3 program services account for $23.2M of program spending, described in the organization's own filed words · FY2021.
01

Washington High School Program

These programs include opportunities for students to learn and practice key citizenship skills, interact with key policy experts and elected officials and their staffs, and participate in legislative simulations.

$13.4Mprogram expense
02

Washington Middle School Program

These programs use the nations capital as a living classroom where students explore its iconic sites and discover how the issues and ideals represented impact us today. Through various interactive site visits, workshops, and discussions, students learn the historical events and ideas that have shaped american democracy and gain a deeper…

$8.8Mprogram expense
03

Program for New Americans (pna)

A seminar in washington, DC examining the federal system and its response to the changing demands of a pluralistic society, for high school and middle school students who have immigrated to the us within the past 8 years.

$981Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClose Up Foundation
EINHdr · item D23-7122882
Principal addressHdr · item CArlington, VA
WebsiteHdr · item Jwww.closeup.org
Year of formationHdr · item L1971
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A30)
Ruling yearIRS BMFAug 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$223,805Pt VII · Sec A
Chief External Affairs Officer
$213,973Pt VII · Sec A
Chief Executive Officer
$170,658Pt VII · Sec A
Chief Financial Officer
$153,800Pt VII · Sec A
VP, Sales & Ops (until 12/31/21)
$149,536Pt VII · Sec A
VP, Marketing, IT & Transportation
$128,801Pt VII · Sec A
Head, New Products & Programs
$123,207Pt VII · Sec A
Head of Curriculum & Student Prog.
$104,179Pt VII · Sec A

Stephanie Stargell’s $339K as Chief Fin. & Op. Off.(until 12/2024) is at the 53rd percentile of top reported officer pay among 749 $10–100M arts & culture 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Timothy Davis$283,205$241,624$350,139
Stephanie Stargell$338,550$251,443$210,256$153,800$136,749$163,821
Eric Adydan$299,131$329,636$306,254$223,805$199,129$256,045
Mia Charity$247,386$253,399$228,632$213,973$124,855$173,901
Lindsay Greenberg$214,766$232,105$166,587$123,207$113,993
Jodi Miteva$174,112$200,918$214,457$115,518$169,416
Justin Andersen$149,536$139,668$201,965
Lindey Greenberg$184,428

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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Statement of Revenue

Part VIII
Program service revenue$28.2M · 94%
Contributions & grants$1.2M · 4%
Investment income$552K · 2%
Program service revenue94%$28.2M
Contributions & grants4%$1.2M
Investment income2%$552K
Other revenue$44K
— government grantsLn 1e$24K
Total revenueLn 12$29.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.14 Fundraising $0.02
Program services84%$23.2M
Management & general14%$3.8M
Fundraising2%$657K
Total functional expensesLn 25$27.7M

Balance Sheet

Part X · end of year
CashLn 1$2.1M
Total assetsLn 16$14.3M
Total liabilitiesLn 26$9.4M
Total net assetsLn 32$4.9M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.6M · Operating expenses/yr $27.7M
5.0 months
Where the money goes
Program services
Program services $23.2M · Total expenses $27.7M
84%
Management & General
Management & general $3.8M · Total expenses $27.7M
14%
Fundraising
Fundraising $657K · Total expenses $27.7M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $579K · Solicited contributions (3-yr avg) $920K
$0.63 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $29.9M
4%
Government reliance
Government grants $24K · Total revenue $29.9M
0.08%
Earned-income share
Program service revenue $28.2M · Total revenue $29.9M
94%
Investment reliance
Investment income $552K · Total revenue $29.9M
+2%
Program self-sufficiency
Program service revenue $28.2M · Total expenses $27.7M
102%
Growth & trend
Revenue growth (YoY)
This year $29.9M · Prior year $7.6M
+296%
Net-asset trend (YoY)
End of year $4.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29.9M · Expenses $27.7M
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $14.3M
Net-asset ratio
Net assets $4.9M · Total assets $14.3M
34%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $9.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $14.3M
66%
People & payroll
Highest Reported Total Compensation
Individual Eric Adydan · Reported title PRESIDENT · Highest reported compensation $224K · Total expenses $27.7M
0.8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8.9M · Total expenses $27.7M
32%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 14%
Fundraising cost ratio 55%
Revenue growth 296%
Investment management fee ratio 0.2%
Legal fee ratio 0.3%
Accounting fee ratio 0.08%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$41.1M revenue · ⤓ 990 PDF
FY2024$39.9M revenue · ⤓ 990 PDF
FY2023$41.1M revenue · ⤓ 990 PDF
FY2022$29.9M revenue · viewing · ⤓ 990 PDF
FY2021$7.6M revenue · ⤓ 990 PDF
FY2020$17.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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