Notley Foundation EIN 47-5295639

Notley Foundation FY2020 filing

Not yet claimed Claim this org →

Invests in and supports scalable nonprofits and social impact companies with tailored capital and coaching. For fiscal year 2020 it reported $4.5M in revenue, $4.7M in expenses, and $2.4M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Austin, TX
Website
www.notleyventures.com
Filings
5 on file (2020–2020)
Revenue
$4.5MFY2020
Expenses
$4.7M
Net assets
$2.4M
People
21
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5295639 Private foundation / grantmaker Austin, TX
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Notley Foundation claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Invests in and supports scalable nonprofits and social impact companies with tailored capital and coaching.
Leadership
Sharon Reddehase · Executive Director, Naturally Network · $138K
Money in and out
$4.5M revenue, $4.7M expenses
Bottom line
51% program efficiency
Grants paid & assets · FY2020
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$4.7M
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$207K
Where spending went · Part IX cols B–D
Program services $0.51 Management & general $0.14 Fundraising $0.35
Program efficiency
51%
of spending reaches programs
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$4.5M
FY2020
Expenses
$4.7M
FY2020
Total assets
$2.5M
FY2020
Total liabilities
$175K
FY2020
Total revenue
$4.5M
Pt VIII · Ln 12
Total expenses
$4.7M
Pt IX · Ln 25
Net assets
$2.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$207K
Total assetsPt X · Ln 16$2.5M
Program-expense ratioPt IX · col B51%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $2.1M of program spending, described in the organization's own filed words · FY2020.
01

Notley partners is a community of business leaders catalyzing impact and economic opportunity through social innovation. Partners connect with other socially conscious and connected leaders committed to using their company for good.

$1.7Mprogram expense
02

Notley tide supports central texas nonprofits focused on racial justice. It provides resources to expand and sustain cultural impact. Notley tide facilitates dei training and seeks to activate community members on their role in racial equity and justice.

$290Kprogram expense
03

The notley fellowship is a 2-YEAR program for purposeful leaders committed to taking on and learning more about challenges in the social sector. The notley fellowship is designed to prepare and engage our community's rising leaders in the for-profit sector to get involved and engaged with today's most pressing social issues.

$77Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNotley Foundation
EINHdr · item D47-5295639
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.notleyventures.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFJul 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b4
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director, Naturally Network
$137,683Pt VII · Sec A
Director
$134,998Pt VII · Sec A
VP Marketing Brand and Operations
$126,529Pt VII · Sec A
Executive Director, Philanthropitch
$126,250Pt VII · Sec A
VP of Strategic Partnerships
$125,886Pt VII · Sec A
Executive Director, Beam Founders
$120,731Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Notley Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$3.0M · 66%
Program service revenue$1.7M · 38%
Contributions & grants66%$3.0M
Program service revenue38%$1.7M
— government grantsLn 1e$242K
Total revenueLn 12$4.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.51 Management & general $0.14 Fundraising $0.35
Program services51%$2.4M
Management & general14%$644K
Fundraising35%$1.7M
Total functional expensesLn 25$4.7M

Balance Sheet

Part X · end of year
CashLn 1$397K
Total assetsLn 16$2.5M
Total liabilitiesLn 26$175K
Total net assetsLn 32$2.4M
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses (Pt IX) $4.7M · Less non-cash grants $6K · Cash operating expenses/yr $4.7M
5.8 months
Where the money goes
Program services
Program services $2.4M · Total expenses $4.7M
51%
Management & General
Management & general $644K · Total expenses $4.7M
14%
Fundraising
Fundraising $1.7M · Total expenses $4.7M
35%
Cost to raise $1
Fundraising expense $1.7M · Solicited contributions $2.7M
$0.61 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $3.0M · Total revenue $4.5M
66%
Government reliance
Government grants $242K · Total revenue $4.5M
5%
Earned-income share
Program service revenue $1.7M · Total revenue $4.5M
38%
Investment reliance
Investment income $-120K · Total revenue $4.5M
-3%
Program self-sufficiency
Program service revenue $1.7M · Total expenses $4.7M
36%
Growth & trend
Revenue growth (YoY)
This year $4.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.5M · Expenses $4.7M
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $2.5M
Net-asset ratio
Net assets $2.4M · Total assets $2.5M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $893K · Other securities (Pt X, ln 12) $966K · Total assets (Pt X, ln 16) $2.5M
74%
People & payroll
Highest Reported Total Compensation
Individual Sharon Reddehase · Reported title EXECUTIVE DIRECTOR, NATURALLY NETWORK · Highest reported compensation $138K · Total expenses $4.7M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.5M · Total expenses $4.7M
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 51%
Overhead ratio 14%
Fundraising cost ratio 56%
Legal fee ratio 1%
Accounting fee ratio 0.6%

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$58K
See all 3 funders →
Grants paid · 30 grants · $808K · 2020–2023
Pure CharityFY2022$5,000
Seedling FoundationFY2022$1,350
Texas Advocacy Project INCTX · FY2022$1,200
PhilanthropitchTX · FY2021$100,000
Notley ImpactTX · FY2021$85,000
Beam Founders NetworkTX · FY2021$40,055
Pure CharityFY2021$12,000
Seedling FoundationFY2021$2,000
Homefront FundTX · FY2020$115,000
PhilanthropitchTX · FY2020$55,000
University of Texas at AustinFY2020$40,900
See all 30 grants →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.0M revenue · ⤓ 990 PDF
FY2023$902K revenue · ⤓ 990 PDF
FY2022$2.2M revenue · ⤓ 990 PDF
FY2021$4.6M revenue · ⤓ 990 PDF
FY2020$4.5M revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.