Boardsource FY2023 filing
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Empowering nonprofit leaders to govern with justice and purpose. For fiscal year 2023 it reported $4.1M in revenue, $4.7M in expenses, and $7.9M in net assets.Pt I
Summary of the Filing
Where the work happens
Sector Leadership Initiatives
Boardsource's research and leadership calls attention to the importance of strong boards, creating awareness and action around challenges facing nonprofit leaders and identifying opportunities to unleash greater impact for the sector as a whole.
Educational Programs for Members
Boardsource supports the technical support and educational needs of nonprofit leaders, boards, and organizations through a set of membership programs designed for nonprofit organizations and individual leaders (including programs with group access to individual membership support for foundations, federated networks, and corporations).
Assessment Services
Boardsource's assessment services help organizations identify core issues in their board performance and development. In 2023, boardsource delivered over 1,000 board self assessments and chief executive assessments.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Monika Kalra Varma | $378,046 | $329,440 | $320,201 | — | — | — |
| Anne Wallestad | — | — | — | $276,622 | $293,914 | $241,962 |
| Judy Reckelhoff | $209,119 | $209,684 | $182,599 | $171,932 | $136,685 | $120,227 |
| Tara Huffman | $191,037 | $156,935 | — | — | — | — |
| Stella Ford | $173,934 | $178,362 | $157,086 | $147,267 | — | — |
| Andrew Davis | — | — | $165,699 | $151,860 | $132,185 | $121,659 |
| James Taylor | — | — | — | — | $158,176 | $148,763 |
| Mina Shin | $138,812 | — | $125,149 | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 68% | — | — |
| Overhead ratio | 27% | — | — |
| Fundraising cost ratio | 35% | — | — |
| Revenue growth | 8% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 1% | — | — |
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
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Filings & Schedule Manifest
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