Stand Together Foundation FY2023 filing

Tax-deductible

Arlington, VA501(c)(3)Since 2010Public & Societal BenefitEIN 27-3197768Revenue $12.9M in FY2023

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.
$1.9M 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
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
$1.9M
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
8 mo
of spending, in cash
Looks good: 7.5 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
$6.2M
2% of total assets
Looks good: liabilities are 2% 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
$12.9M
-52% vs prior year
Spent
$62.4M
To programs
91%
Net assets
$306.7M
By yearFY2020–FY2024
Revenue
$12.9M
FY2023▼ -52%
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
$62.4M
FY2023▲ +3%
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
$306.7M
FY2023▼ -12%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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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 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% · $56.5M Management & general 4% · $2.8M Fundraising 5% · $3.1M

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

14 people listed on the 990; $1.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$632,075Pt VII · Sec A
Vice President, Impact
$337,340Pt VII · Sec A
Managing Director, Catalyst Community
$267,183Pt VII · Sec A
Managing Director, Leadership Development
$248,647Pt VII · Sec A
Director, Community Transformation
$227,543Pt VII · Sec A
Managing Director of Product
$209,708Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer (incoming)
$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 · $56.5M · in their own filed words · FY2023
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.

$56.5Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$12.9M
Ln 12
Gifts and grantsLn 1h$11.0M
Investment incomeLn 3$1.2M
Other incomeLn 4–11$667K
Money outPt IX
$62.4M
Ln 25
Programscol B$56.5M
Managementcol C$2.8M
Fundraisingcol D$3.1M
Owns and owesPt X
$306.7M
net assets · Ln 32
Cash and savingsLn 1–2$38.9M
Total assetsLn 16$312.9M
LiabilitiesLn 26$6.2M
PeoplePt VI, VII
14
listed · VII A
PaidVII A6
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.0M
Noncash giftsLn 1g$706K
Investment incomeLn 3$1.2M
Other incomeLn 4–11$667K
Gains on assetsLn 7$59K
Total revenueLn 12$12.9M
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$38.9M
Cash and savings togetherLn 1–2$38.9M
InvestmentsLn 11–13$273.0M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$312.9M
LiabilitiesLn 26$6.2M
Net assetsLn 32$306.7M
OperationsPt I, VI
EmployeesI 559
VolunteersI 60
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$26.7M$38.9M
InvestmentsLn 11–13$333.0M$273.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$360.5M$312.9M
LiabilitiesLn 26$13.9M$6.2M
Net assetsLn 32$346.5M$306.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36.0M$36.0M
Pay of current officers, directors and key staffLn 5$671K$624K$27K$20K
Other salaries and wagesLn 7$9.4M$8.2M$978K$181K
Pension plan contributionsLn 8$420K$369K$42K$8K
Other employee benefitsLn 9$710K$622K$74K$14K
Payroll taxesLn 10$690K$607K$69K$14K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$135K$135K
Other fees for servicesLn 11g$5.4M$2.4M$539K$2.5M
Advertising and promotionLn 12$4.3M$3.8M$434K$87K
Office expensesLn 13$290K$84K$8K$198K
Information technologyLn 14$10K$9K$982$196
OccupancyLn 16$744K$655K$74K$15K
TravelLn 17$3.1M$2.7M$309K$62K
Conferences, conventions and meetingsLn 19$437K$384K$44K$9K
InterestLn 20$49K$43K$5K$986
InsuranceLn 23$5K$5K$545$109
Other expenses (24a–d)Ln 24$2K$2K$189$38
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$62.4M$56.5M$2.8M$3.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.4M$114.2M−$105.8M$218.7M 990 PDF
FY2023 Viewing $12.9M$62.4M−$49.5M$306.7M 990 PDF
FY2022 $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
See the full FY2023 990 (6 parts)
Part I · Summary $12,881,613 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,496,672$11,014,960
I-9 Program service revenue$0
I-10 Investment incomePrior year $48,689$1,199,577
I-11 Other revenuePrior year −$555,640$667,076
I-12 Total revenuePrior year $26,989,721$12,881,613
I-13 Grants and similar amounts paidPrior year $38,051,308$36,009,405
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,795,683$11,865,343
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,646,693$14,514,035
I-18 Total expensesPrior year $60,493,684$62,388,783
I-19 Revenue less expensesPrior year −$33,503,963−$49,507,170
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
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 $12,881,613 across 8 lines filed
VIII-1d Related organizations$4,808,798
VIII-1f All other contributions, gifts and grants$6,206,162
VIII-1g Noncash contributions (included above)$706,222
VIII-1h Total contributions, gifts and grants$11,014,960
VIII-3 Investment incomeExcluded from tax $1,140,434$1,140,434
VIII-7 Net gain or loss on sales of assetsExcluded from tax $59,143$59,143
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $664,197 · Excluded from tax $2,879$667,076
VIII-12 Total revenueRelated to mission $0 · Unrelated business $664,197 · Excluded from tax $1,202,456$12,881,613
Part IX · Statement of functional expenses $62,388,783 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $36,009,405$36,009,405
IX-5 Pay of current officers, directors and key staffPrograms $624,103 · Management $26,843 · Fundraising $20,132$671,078
IX-7 Other salaries and wagesPrograms $8,215,976 · Management $977,711 · Fundraising $180,779$9,374,466
IX-8 Pension plan contributionsPrograms $369,448 · Management $41,983 · Fundraising $8,397$419,828
IX-9 Other employee benefitsPrograms $622,267 · Management $74,051 · Fundraising $13,692$710,010
IX-10 Payroll taxesPrograms $607,166 · Management $68,996 · Fundraising $13,799$689,961
IX-11b Legal feesManagement $18,509$18,509
IX-11c Accounting feesManagement $135,211$135,211
IX-11g Other fees for servicesPrograms $2,359,522 · Management $539,172 · Fundraising $2,493,022$5,391,716
IX-12 Advertising and promotionPrograms $3,819,063 · Management $433,984 · Fundraising $86,797$4,339,844
IX-13 Office expensesPrograms $84,044 · Management $8,135 · Fundraising $197,778$289,957
IX-14 Information technologyPrograms $8,645 · Management $982 · Fundraising $196$9,823
IX-16 OccupancyPrograms $654,682 · Management $74,396 · Fundraising $14,879$743,957
IX-17 TravelPrograms $2,720,562 · Management $309,155 · Fundraising $61,831$3,091,548
IX-19 Conferences, conventions and meetingsPrograms $384,397 · Management $43,681 · Fundraising $8,736$436,814
IX-20 InterestPrograms $43,397 · Management $4,931 · Fundraising $986$49,314
IX-23 InsurancePrograms $4,796 · Management $545 · Fundraising $109$5,450
IX-24 Other expenses (24a–d)Programs $1,665 · Management $189 · Fundraising $38$1,892
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $56,529,138 · Management $2,758,474 · Fundraising $3,101,171$62,388,783
Part X · Balance sheet $312,915,750 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $13,908$30,360
X-2 Savings and temporary cash investmentsStart of year $26,684,798$38,860,810
X-3 Pledges and grants receivableStart of year $112,442$292,168
X-4 Accounts receivableStart of year $7,022$4,208
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $618,159$712,060
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $333,046,313$273,016,144
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $360,482,642$312,915,750
X-17 Accounts payable and accrued expensesStart of year $2,138,762$1,758,921
X-18 Grants payableStart of year $0$725,000
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $3,704,415$3,763,255
X-26 Total liabilitiesStart of year $13,943,177$6,247,176
X-27 Net assets without donor restrictionsStart of year $345,728,866$306,060,475
X-28 Net assets with donor restrictionsStart of year $810,599$608,099
X-32 Total net assets or fund balancesStart of year $346,539,465$306,668,574
X-33 Total liabilities and net assetsStart of year $360,482,642$312,915,750
Part XI · Reconciliation of net assets $306,668,574 net assets at year end
XI-1 Total revenue$12,881,613
XI-2 Total expenses$62,388,783
XI-3 Revenue less expenses−$49,507,170
XI-4 Net assets at start of year$346,539,465
XI-5 Net unrealized gains (losses) on investments$10,217,188
XI-9 Other changes in net assets−$580,909
XI-10 Net assets at end of year$306,668,574

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

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