Stand Together Foundation FY2022 filing

Tax-deductible

Arlington, VA501(c)(3)Since 2010Public & Societal BenefitEIN 27-3197768Revenue $27.0M in FY2022

On file with the IRSstandtogetherfoundation.org4201 Wilson Blvd Suite 0800, 22203-4492 · Arlington, VATax-exempt since Nov 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to unleash the power of community to solve our country's toughest problems and help people improve their own lives.

501(c)(3) charity; gifts are tax-deductible.
91¢ 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

FY2022 · Form 990-TIndependent: 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-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $25.7M a year · 29% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $1.7M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13.9M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$27.0M
-81% vs prior year
Spent
$60.5M
To programs
91%
Net assets
$346.5M
By yearFY2020–FY2024
Revenue
$27.0M
FY2022▼ -81%
Tap a bar for its year
Revenue by fiscal year
FY2020$260.5M
FY2021$140.1M
FY2022$27.0M
FY2023$12.9M
FY2024$8.4M
Expenses
$60.5M
FY2022▲ +71%
Tap a bar for its year
Expenses by fiscal year
FY2020$48.1M
FY2021$35.4M
FY2022$60.5M
FY2023$62.4M
FY2024$114.2M
Net assets
$346.5M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$242.4M
FY2021$352.4M
FY2022$346.5M
FY2023$306.7M
FY2024$218.7M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2010.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $55.0M Management & general 6% · $3.3M Fundraising 4% · $2.2M

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

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

Part VII, Section A · reportable compensation
Executive Director
$640,341Pt VII · Sec A
VP, Impact & Evaluation
$302,747Pt VII · Sec A
Managing Dir, Leadership Dev
$263,629Pt VII · Sec A
Vice President
$177,319Pt VII · Sec A
VP, Programs and Operations
$175,994Pt VII · Sec A
Managing Director, Catalyst Initiaves
$174,427Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Evan Feinberg’s $632K as Executive Director is at the 99th percentile of top reported officer pay among 731 $1–10M public & societal benefit 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

NameFY2023FY2022FY2021FY2020
Evan Feinberg$632,075$640,341$592,557$465,075
Richard Anderson—$177,319$342,585$366,229
Sara Peters$337,340$302,747$206,665—
William Dowell$267,183———
Askia Ahmad$248,647$263,629$263,569—
Laura Defrancesco Ross—$175,994$261,533$241,408
Daron Babcock$227,543———
William Dowling$209,708———

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.

See Stand Together Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Invests venture philanthropy funding, business management training, and capacity-building resources in social entrepreneurs and community nonprofits to help people break the cycle of poverty.

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Provided by the organization

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1 program · $55.0M · in their own filed words · FY2022
01

Grant Making and Organizational Development Support

Stand together foundation is a venture philanthropy organization that partners with the most effective social entrepreneurs, nonprofit community-based organizations, and change-makers to help increase their impact, empowering more individuals to break the cycle of poverty.

$55.0Mprogram 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 11 funders →
Grants paid · 358 grants · $135.6M · 2020–2023
Individual RecipientFY2023$35,981,955
Phoenix Multisport INCCO · FY2022$15,000,000
Rescue InternationalMI · FY2022$2,000,000
Love Has No Limits INCCA · FY2022$2,000,000
Urban Specialists Enterprises INCTX · FY2022$1,945,000
Momentum Advisory CollectiveOH · FY2022$1,863,333
Rising Tide Capital INCNJ · FY2022$1,595,000
The Last MileCA · FY2022$1,250,000
Dfree Global Foundation INCNJ · FY2022$1,038,343
Narrative 4 INCNY · FY2022$1,000,000
Thread INCMD · FY2022$636,000
Education Opens Doors INCTX · FY2022$310,000
Unity Unlimited INCTX · FY2022$300,000
One America MovementMD · FY2022$268,000
Citizen UniversityWA · FY2022$250,000
Join Freeworld INCCA · FY2022$220,000
Praxis INCNY · FY2022$200,000
See all 358 grants →

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$27.0M
Gifts and grants$27.5M
Investment income$49K
Money out
$60.5M
Programs$55.0M
Management$3.3M
Fundraising$2.2M
Owns and owes
$346.5M
net assets
Cash and savings$26.7M
Total assets$360.5M
Liabilities$13.9M
People
13
listed
Paid6
Voting board6
Independent5
2In more detail
Revenue in detail
Gifts and grants$27.5M
Investment income$49K
Total revenue$27.0M
Assets in detailEnd of year
Cash and savings together$26.7M
Total assets$360.5M
Liabilities$13.9M
Net assets$346.5M
Operations
Employees59
Volunteers0
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.4M$114.2M−$105.8M$218.7M 990 PDF
FY2023 $12.9M$62.4M−$49.5M$306.7M 990 PDF
FY2022 Viewing $27.0M$60.5M−$33.5M$346.5M 990 PDF
FY2021 $140.1M$35.4M$104.7M$352.4M 990 PDF
FY2020 $260.5M$48.1M$212.5M$242.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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