Accelerate the development of high potential young leaders to achieve out-sized social impact.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Run by 76 volunteers and 7 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 $287K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$303K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $818K in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $65K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$210K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+4% vs prior year
Spent
$1.6M
To programs
49%
Net assets
$974K
By yearFY2020–FY2024
Revenue
$1.6M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$739K
FY2021$1.5M
FY2022$2.0M
FY2023$1.5M
FY2024$1.6M
Expenses
$1.6M
FY2024▼ -0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$2.5M
FY2023$1.6M
FY2024$1.6M
Net assets
$974K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$1.1M
FY2023$1.0M
FY2024$974K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2013.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $792K Management & general 32% · $527K Fundraising 19% · $312K

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

10 people listed on the 990; $303K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director CEO President
$303,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Carrie Rich’s $303K as Director CEO President is at the 90th 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Carrie Rich$303,000$303,000$303,000$233,400$233,400
Sharon Gruber—$112,267———

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 Global Good Fund 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops promising young leaders to create significant positive change.

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Provided by the organization

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1 program · $792K · in their own filed words · FY2024
01

Fellowship program provides resources and tools to high potential, young social entrepreneurs. It is a 15 month program that includes leadership assessment tools, executive coaching services, leadership development planning, annual summit, mentorship, networking opportunities, and staff support services.

$792Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$65K
Grants paid · 5 grants · $536K · 2020–2024
Unitemized GrantFY2024$52,099
Unitemized GrantFY2023$92,500
Unitemized GrantFY2022$60,000
Unitemized GrantFY2021$73,500
Unitemized GrantFY2020$257,494

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$77K
Money outPt IX
$1.6M
Ln 25
Programscol B$792K
Managementcol C$527K
Fundraisingcol D$312K
Owns and owesPt X
$974K
net assets · Ln 32
Cash and savingsLn 1–2$304K
Total assetsLn 16$1.2M
LiabilitiesLn 26$210K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Investment incomeLn 3$77K
Gains on assetsLn 7$65K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$304K
Cash and savings togetherLn 1–2$304K
InvestmentsLn 11–13$818K
Other assetsLn 15$2K
Total assetsLn 16$1.2M
LiabilitiesLn 26$210K
Net assetsLn 32$974K
OperationsPt I, VI
EmployeesI 57
VolunteersI 676
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$131K$304K
InvestmentsLn 11–13$736K$818K
Total assetsLn 16$1.1M$1.2M
LiabilitiesLn 26$70K$210K
Net assetsLn 32$1.0M$974K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$48K$48K
Grants and assistance to foreign recipientsLn 3$88K$88K
Pay of current officers, directors and key staffLn 5$303K$126K$69K$107K
Other salaries and wagesLn 7$125K$52K$29K$44K
Other employee benefitsLn 9$21K$8K$8K$5K
Payroll taxesLn 10$39K$19K$6K$14K
Accounting feesLn 11c$55K$55K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$391K$283K$109K
Advertising and promotionLn 12$66K$47K$18K$279
Office expensesLn 13$18K$15K$2K$106
Information technologyLn 14$6K$851$5K
OccupancyLn 16$14K$14K
TravelLn 17$57K$16K$29K$12K
Conferences, conventions and meetingsLn 19$234K$87K$19K$128K
InterestLn 20$10K$10K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$144K$804$143K$113
Total functional expensesLn 25$1.6M$792K$527K$312K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.6M−$74K$974K 990 PDF
FY2023 $1.5M$1.6M−$143K$1.0M 990 PDF
FY2022 $2.0M$2.5M−$435K$1.1M 990 PDF
FY2021 $1.5M$1.5M$42K$1.7M 990 PDF
FY2020 $739K$1.6M−$826K$1.7M 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 F · Foreign J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,556,550 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,401,645$1,479,233
I-9 Program service revenuePrior year $63,502$0
I-10 Investment incomePrior year $31,568$77,317
I-11 Other revenue$0
I-12 Total revenuePrior year $1,496,715$1,556,550
I-13 Grants and similar amounts paidPrior year $132,500$136,599
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $693,876$488,273
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $813,682$1,006,003
I-18 Total expensesPrior year $1,640,058$1,630,875
I-19 Revenue less expensesPrior year −$143,343−$74,325
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
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 $1,556,550 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,479,233
VIII-1h Total contributions, gifts and grants$1,479,233
VIII-3 Investment incomeExcluded from tax $12,410$12,410
VIII-7 Net gain or loss on sales of assetsExcluded from tax $64,907$64,907
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $77,317$1,556,550
Part IX · Statement of functional expenses $1,630,875 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $48,099$48,099
IX-3 Grants and assistance to foreign recipientsPrograms $88,500$88,500
IX-5 Pay of current officers, directors and key staffPrograms $126,454 · Management $69,292 · Fundraising $107,254$303,000
IX-7 Other salaries and wagesPrograms $52,034 · Management $28,514 · Fundraising $44,136$124,684
IX-9 Other employee benefitsPrograms $7,878 · Management $7,897 · Fundraising $5,453$21,228
IX-10 Payroll taxesPrograms $18,706 · Management $6,392 · Fundraising $14,263$39,361
IX-11c Accounting feesManagement $55,192$55,192
IX-11f Investment management feesManagement $4,884$4,884
IX-11g Other fees for servicesPrograms $282,594 · Management $108,897$391,491
IX-12 Advertising and promotionPrograms $47,458 · Management $18,129 · Fundraising $279$65,866
IX-13 Office expensesPrograms $15,339 · Management $2,355 · Fundraising $106$17,800
IX-14 Information technologyPrograms $851 · Management $5,441$6,292
IX-16 OccupancyManagement $14,311$14,311
IX-17 TravelPrograms $16,014 · Management $28,625 · Fundraising $11,998$56,637
IX-19 Conferences, conventions and meetingsPrograms $86,973 · Management $18,773 · Fundraising $128,450$234,196
IX-20 InterestManagement $9,525$9,525
IX-23 InsuranceManagement $6,292$6,292
IX-24 Other expenses (24a–d)Programs $804 · Management $142,600 · Fundraising $113$143,517
IX-25 Total functional expensesPrograms $791,704 · Management $527,119 · Fundraising $312,052$1,630,875
Part X · Balance sheet $1,183,470 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $130,969$304,305
X-4 Accounts receivableStart of year $74,178$41,495
X-9 Prepaid expenses and deferred charges$18,019
X-11 Publicly traded securitiesStart of year $735,859$818,146
X-15 Other assetsStart of year $16,725$1,505
X-16 Total assetsStart of year $1,107,831$1,183,470
X-17 Accounts payable and accrued expensesStart of year $52,488$61,146
X-24 Unsecured notes and loans payable$148,574
X-26 Total liabilitiesStart of year $69,878$209,720
X-27 Net assets without donor restrictionsStart of year $359,698$895,378
X-28 Net assets with donor restrictionsStart of year $678,255$78,372
X-32 Total net assets or fund balancesStart of year $1,037,953$973,750
X-33 Total liabilities and net assetsStart of year $1,107,831$1,183,470
Part XI · Reconciliation of net assets $973,750 net assets at year end
XI-1 Total revenue$1,556,550
XI-2 Total expenses$1,630,875
XI-3 Revenue less expenses−$74,325
XI-4 Net assets at start of year$1,037,953
XI-5 Net unrealized gains (losses) on investments$226,718
XI-9 Other changes in net assets−$216,596
XI-10 Net assets at end of year$973,750

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

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