Frank W Norris Foundation EIN 59-3338621 Form 990 (PDF) Claim this org

Frank W Norris Foundation

Not yet claimed Claim this org →

Frank W Norris Foundation is a social science nonprofit based in Athens, GA. For fiscal year 2025 it reported $767K in revenue, $630K in expenses, and $1.4M in net assets.Pt I

Type
Public charity (501(c)(3)) · Social Science
Location
Athens, GA
Website
timbermart-south.com
Filings
6 on file (2020–2025)
Revenue
$767KFY2025
Expenses
$630K
Net assets
$1.4M
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  59-3338621 Public charity (501(c)(3)) Athens, GA
Form 990 (PDF)
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 Frank W Norris Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
a social science nonprofit
Leadership
Jonathan Smith · Executive Director · $126K
Money in and out
$767K revenue, $630K expenses
Bottom line
97% program efficiency
Where the money goes · FY2025
Total revenue
$767K
Pt VIII · Ln 12
Total expenses
$630K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $137K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs+0.1% vs prior filing year
Operating runway
25.6mo
months of highly liquid reserves at operating expense rate▲ +19% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +25% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$767K
FY2025▲ +1%
Expenses
$630K
FY2025▼ -3%
Total assets
$1.5M
FY2025▲ +12%
Total liabilities
$5K
FY2025▼ -82%
Total revenue
$767K
Pt VIII · Ln 12
Total expenses
$630K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$137K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFrank W Norris Foundation
EINHdr · item D59-3338621
Principal addressHdr · item CAthens, GA
WebsiteHdr · item Jtimbermart-south.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFSocial Science (V20)
Ruling yearIRS BMFApr 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$126,500Pt VII · Sec A
Secretary
$89,000Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jonathan Smith’s $126K as Executive Director is at the 78th percentile of top reported officer pay among 156 $100K–1M social science 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jonathan Smith$126,500$123,000$105,500$95,730$94,313$90,218
Cathy Law$89,000$87,000$72,500$64,375$63,337$61,212

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 Frank W Norris Foundation executive salaries →

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

Mission & Programs · Part III

Where the work happens

2 program services account for $613K of program spending, described in the organization's own filed words · FY2024.
01

The Foundation publishes data for subscribers in industry, government, private foundations and general public. The Organization has approximately 600 subscribers/clients and produces four quarterly publications.

$571Kprogram expense
02

The Foundation pays funds to institutes of higher education to support academic research in the fields of forestry. Students in the School of Forestry gain experience in timber markets across the supply chain while they are participating in the research.

$42Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Program service revenue$727K · 95%
Investment income$27K · 4%
Other revenue$12K · 2%
Program service revenue95%$727K
Investment income4%$27K
Other revenue2%$12K
Total revenueLn 12$767K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$613K
Management & general3%$16K
Total functional expensesLn 25$630K

Balance Sheet

Part X · end of year
CashLn 1$767K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$5K
Total net assetsLn 32$1.4M
Months of cash on handcomputed14.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $630K
25.6 months
Where the money goes
Program services
Program services $613K · Total expenses $630K
97%
Management & General
Management & general $16K · Total expenses $630K
3%
Fundraising
Fundraising $0 · Total expenses $630K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $767K
0%
Government reliance
Government grants — · Total revenue $767K
Earned-income share
Program service revenue $727K · Total revenue $767K
95%
Investment reliance
Investment income $27K · Total revenue $767K
+4%
Program self-sufficiency
Program service revenue $727K · Total expenses $630K
116%
Growth & trend
Revenue growth (YoY)
This year $767K · Prior year $757K
+1%
Revenue CAGR
FY2019 $596K · FY2024 $767K
+5%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $767K · Expenses $630K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $578K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.5M
40%
People & payroll
Highest Reported Total Compensation
Individual Jonathan Smith · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $126K · Total expenses $630K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $319K · Total expenses $630K
51%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Revenue growth 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.8%
Fundraising fee ratio 0%

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 · this organization's grantmaking
Grants paid · 6 grants · $66K · 2019–2024
University of GeorgiaFY2024$15,475
University of GeorgiaFY2023$10,000
University of GeorgiaFY2022$10,100
University of GeorgiaFY2021$10,000
University of GeorgiaFY2020$10,000
University of GeorgiaFY2019$10,000

Similar Organizations

Closest in mission — by what they do
See all organizations like Frank W Norris Foundation →

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
FY2025 (Latest)$767K revenue · viewing · ⤓ 990 PDF
FY2024$757K revenue · ⤓ 990 PDF
FY2023$749K revenue · ⤓ 990 PDF
FY2022$728K revenue · ⤓ 990 PDF
FY2021$638K revenue · ⤓ 990 PDF
FY2020$596K revenue · ⤓ 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) · FY2025IRS
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.