Inspired by a recognition that free people are capable of extraordinary things, Stand Together fellowships supports educational programs and dialogue to (see schedule o)

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 20 volunteers and 44 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 5
filings with a surplus
Average deficit $19.8M a year · 442% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$585K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
31 mo
of spending, in cash
Plus $437.6M in investments, Pt X · Ln 11–13
Looks good: 31.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$431K
0.10% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.3M
+412% vs prior year
Spent
$3.0M
To programs
79%
Net assets
$445.5M
By yearFY2020–FY2024
Revenue
$8.3M
FY2024▲ +412%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.2M
FY2021$1.6M
FY2022$1.6M
FY2023$1.6M
FY2024$8.3M
Expenses
$3.0M
FY2024▼ -38%
Tap a bar for its year
Expenses by fiscal year
FY2020$54.6M
FY2021$54.1M
FY2022$4.7M
FY2023$4.8M
FY2024$3.0M
Net assets
$445.5M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$363.2M
FY2021$396.0M
FY2022$417.1M
FY2023$429.0M
FY2024$445.5M

From the FY2024 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 Aug 2011.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $2.4M Management & general 21% · $616K

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

11 people listed on the 990; $585K paid to officers and key staff.

Part VII, Section A · reportable compensation
Managing Director
$208,304Pt VII · Sec A
Director, Education
$132,643Pt VII · Sec A
Senior Manager, Scaled Education
$125,421Pt VII · Sec A
Senior Recruiter
$118,518Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director/Executive VP
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Hugh Cherry’s $208K as Managing Director is at the 84th percentile of top reported officer pay among 3394 $1–10M education 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
Hugh Cherry$208,304$182,527$191,841$162,777—
Lea Krohn————$176,079
Andrew Delmege$132,643$175,437$137,699——
Timothy McCaughan———$168,434$170,186
Benet Wilson—$168,611———
Lee Simmons$118,518$130,048$101,189——
Noelle Huffman———$129,351$128,498
Jason Hughey$125,421————

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 15aNo

Programs and updates

Educates students and supports educational fellowships and dialogue focused on the principles of individual liberty, free societies, and personal well-being.

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Provided by the organization

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1 program · $2.4M · in their own filed words · FY2024
01

Educate students in a class room regarding the principles that enable individuals to live their best lives.

$2.4Mprogram 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 · FY2019
Total grants receivedfrom 1 funder$2.0M
Grants paid · 332 grants · $98.2M · 2020–2024
(see Statement)FY2024$386,354
Unitemized GrantFY2024$127,420
Unitemized GrantFY2023$421,970
Individual RecipientFY2023$402,662
Unitemized GrantFY2022$392,150
Talent MarketDC · FY2022$100,000
Cato InstituteDC · FY2022$47,375
Texas Tribune INCTX · FY2022$24,000
Nevada News Bureau INCNV · FY2022$16,000
Street Sense INCDC · FY2022$15,677
Eurasia Group FoundationNY · FY2022$12,531
TechfreedomDC · FY2022$12,000
John Quincy Adams SocietyVA · FY2022$11,656
The Salt Lake Tribune INCUT · FY2022$8,000
See all 332 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$8.3M
Ln 12
Gifts and grantsLn 1h$5.6M
Other incomeLn 4–11$2.5M
Investment incomeLn 3$269K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.4M
Managementcol C$616K
Owns and owesPt X
$445.5M
net assets · Ln 32
Cash and savingsLn 1–2$7.8M
Total assetsLn 16$445.9M
LiabilitiesLn 26$431K
PeoplePt VI, VII
11
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$269K
Other incomeLn 4–11$2.5M
Total revenueLn 12$8.3M
Assets in detailPt X, end of year
CashLn 1$94K
SavingsLn 2$7.7M
Cash and savings togetherLn 1–2$7.8M
InvestmentsLn 11–13$437.6M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$445.9M
LiabilitiesLn 26$431K
Net assetsLn 32$445.5M
OperationsPt I, VI
EmployeesI 544
VolunteersI 620
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 FY24End FY24
Cash and savingsLn 1–2$4.9M$7.8M
InvestmentsLn 11–13$424.4M$437.6M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$430.0M$445.9M
LiabilitiesLn 26$950K$431K
Net assetsLn 32$429.0M$445.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$536K$536K
Grants to domestic individualsLn 2$127K$127K
Other salaries and wagesLn 7$968K$938K$30K
Pension plan contributionsLn 8$57K$55K$2K
Other employee benefitsLn 9$95K$92K$3K
Payroll taxesLn 10$70K$68K$2K
Accounting feesLn 11c$36K$36K
Other fees for servicesLn 11g$412K$90K$322K$0
Advertising and promotionLn 12$91K$9K$82K
Office expensesLn 13$77K$35K$41K
TravelLn 17$211K$211K
Conferences, conventions and meetingsLn 19$181K$181K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$104K$21K$82K
All other expensesLn 24e$3K$850$2K$0
Total functional expensesLn 25$3.0M$2.4M$616K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $8.3M$3.0M$5.3M$445.5M 990 PDF
FY2023 $1.6M$4.8M−$3.2M$429.0M 990 PDF
FY2022 $1.6M$4.7M−$3.0M$417.1M 990 PDF
FY2021 $1.6M$54.1M−$52.5M$396.0M 990 PDF
FY2020 $9.2M$54.6M−$45.5M$363.2M 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 FY2024 990 (6 parts)
Part I · Summary $8,326,158 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $148,120$5,595,344
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $160,949$268,748
I-11 Other revenuePrior year $1,315,818$2,462,066
I-12 Total revenuePrior year $1,624,887$8,326,158
I-13 Grants and similar amounts paidPrior year $976,593$663,274
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,811,091$1,190,112
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,031,407$1,127,574
I-18 Total expensesPrior year $4,819,091$2,980,960
I-19 Revenue less expensesPrior year −$3,194,204$5,345,198
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $8,326,158 across 6 lines filed
VIII-1d Related organizations$5,500,000
VIII-1f All other contributions, gifts and grants$95,344
VIII-1h Total contributions, gifts and grants$5,595,344
VIII-3 Investment incomeExcluded from tax $268,748$268,748
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $2,458,559 · Excluded from tax $3,507$2,462,066
VIII-12 Total revenueRelated to mission $0 · Unrelated business $2,458,559 · Excluded from tax $272,255$8,326,158
Part IX · Statement of functional expenses $2,980,960 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $535,854$535,854
IX-2 Grants to domestic individualsPrograms $127,420$127,420
IX-7 Other salaries and wagesPrograms $937,563 · Management $30,000$967,563
IX-8 Pension plan contributionsPrograms $55,313 · Management $1,800$57,113
IX-9 Other employee benefitsPrograms $92,484 · Management $2,860$95,344
IX-10 Payroll taxesPrograms $67,799 · Management $2,293$70,092
IX-11c Accounting feesManagement $36,094$36,094
IX-11g Other fees for servicesPrograms $89,688 · Management $322,393 · Fundraising $0$412,081
IX-12 Advertising and promotionPrograms $8,948 · Management $82,426$91,374
IX-13 Office expensesPrograms $35,423 · Management $41,364$76,787
IX-17 TravelPrograms $211,016$211,016
IX-19 Conferences, conventions and meetingsPrograms $181,210$181,210
IX-23 InsuranceManagement $12,553$12,553
IX-24 Other expenses (24a–d)Programs $21,210 · Management $82,488$103,698
IX-24e All other expensesPrograms $850 · Management $1,911 · Fundraising $0$2,761
IX-25 Total functional expensesPrograms $2,364,778 · Management $616,182 · Fundraising $0$2,980,960
Part X · Balance sheet $445,902,132 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $93,519$93,519
X-2 Savings and temporary cash investmentsStart of year $4,828,930$7,683,095
X-4 Accounts receivableStart of year $510$51
X-9 Prepaid expenses and deferred chargesStart of year $684,855$548,784
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $424,369,196$437,576,683
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $429,977,010$445,902,132
X-17 Accounts payable and accrued expensesStart of year $949,703$430,699
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $949,703$430,699
X-27 Net assets without donor restrictionsStart of year $429,027,307$445,471,433
X-32 Total net assets or fund balancesStart of year $429,027,307$445,471,433
X-33 Total liabilities and net assetsStart of year $429,977,010$445,902,132
Part XI · Reconciliation of net assets $445,471,433 net assets at year end
XI-1 Total revenue$8,326,158
XI-2 Total expenses$2,980,960
XI-3 Revenue less expenses$5,345,198
XI-4 Net assets at start of year$429,027,307
XI-5 Net unrealized gains (losses) on investments$13,557,487
XI-9 Other changes in net assets−$2,458,559
XI-10 Net assets at end of year$445,471,433

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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