Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2018.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
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
12 people listed on the 990; $3.4M paid to officers and key staff.
Marlon Marshall’s $494K as CEO is at the 92nd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Neerav Kingsland | — | — | $464,183 | $526,490 | $472,896 |
| Marlon Marshall | $494,290 | $482,605 | $93,798 | $398,984 | — |
| Kevin Shafer | $460,420 | $452,754 | $393,804 | $397,844 | — |
| Jess Pena | — | — | $419,413 | $397,844 | $312,988 |
| Patrick Dobard | $417,613 | — | $295,791 | — | — |
| Christopher Jeffrey Barbic | $417,497 | — | — | — | — |
| Kameelah Shaheed-Diallo | $417,450 | — | $396,849 | $407,740 | $362,373 |
| Kevin Huffman | — | — | — | — | $417,379 |
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
Funds and advises city-based nonprofit organizations to increase the number of high-quality public schools and improve educational outcomes for local children.
Questions for City Fund
Your first name shows with your question. City Fund answers here, for everyone.
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Today, our educational system works well for far too few children in the united states. This failure not only deprives millions of children of a legitimate pathway to pursue gainful employment and a purpose-filled life, but it is also a threat to the wellbeing of our NATION.TO address these systemic challenges, city fund invests in and…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $117.5M | $27.7M |
| InvestmentsLn 11–13 | $30.8M | |
| Total assetsLn 16 | $118.7M | $59.7M |
| LiabilitiesLn 26 | $7.6M | $16.8M |
| Net assetsLn 32 | $111.1M | $42.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $109.3M | $109.3M | ||
| Pay of current officers, directors and key staffLn 5 | $1.5M | $890K | $574K | |
| Other salaries and wagesLn 7 | $8.5M | $5.7M | $2.3M | $494K |
| Pension plan contributionsLn 8 | $346K | $218K | $108K | $19K |
| Other employee benefitsLn 9 | $1.6M | $833K | $632K | $93K |
| Payroll taxesLn 10 | $472K | $305K | $136K | $31K |
| Legal feesLn 11b | $30K | $30K | ||
| Accounting feesLn 11c | $130K | $130K | ||
| Investment management feesLn 11f | $20K | $20K | ||
| Other fees for servicesLn 11g | $3.6M | $2.9M | $658K | |
| Office expensesLn 13 | $230K | $470 | $226K | $3K |
| Information technologyLn 14 | $53K | $53K | ||
| TravelLn 17 | $479K | $336K | $140K | $3K |
| Conferences, conventions and meetingsLn 19 | $473K | $443K | $30K | |
| InsuranceLn 23 | $41K | $41K | ||
| Other expenses (24a–d)Ln 24 | $537K | $452K | $85K | |
| All other expensesLn 24e | $32K | $32K | ||
| Total functional expensesLn 25 | $127.3M | $120.6M | $5.9M | $758K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $58.8M | $127.3M | −$68.5M | $42.9M | 990 PDF |
| FY2024 | $118.6M | $98.5M | $20.1M | $111.1M | 990 PDF |
| FY2023 | $55.4M | $55.4M | −$43K | $91.0M | 990 PDF |
| FY2022 | $115.8M | $86.9M | $28.9M | $90.3M | 990 PDF |
| FY2021 | $116.6M | $79.4M | $37.2M | $61.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $58,768,233 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 1 to look at
Part VIII · Statement of revenue $58,768,233 across 5 lines filed
Part IX · Statement of functional expenses $127,313,744 across 17 lines filed
Part X · Balance sheet $59,707,884 assets, 15 lines filed
Part XI · Reconciliation of net assets $42,940,387 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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