For the Long Term

Tax-deductible

Washington, DC501(c)(3)Public & Societal BenefitEIN 85-3008040Revenue $1.4M in FY2024

On file with the IRSforthelongterm.orgPo Box 96503 Pmb 65071, 20090-6503 · Washington, DCTax-exempt since Aug 2021Publicly supported charity — 170(b)(1)(A)(vi)

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See part III line 1.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$490K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
3 of 4
filings with a surplus
Average surplus $308K a year · 28% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$490K
to officers and key staff · 35% of spending
Top officer’s pay higher than 81% of similar orgs
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.0M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+15% vs prior year
Spent
$1.4M
To programs
64%
Net assets
$1.2M
By yearFY2021–FY2024
Revenue
$1.4M
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2021$295K
FY2022$1.5M
FY2023$1.2M
FY2024$1.4M
Expenses
$1.4M
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2021$167K
FY2022$515K
FY2023$1.1M
FY2024$1.4M
Net assets
$1.2M
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2021$128K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2021.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $905K Management & general 12% · $173K Fundraising 24% · $338K

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

8 people listed on the 990; $490K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chair/Executive Director
$239,895Pt VII · Sec A
Policy Director
$143,090Pt VII · Sec A
Operations Director
$106,854Pt VII · Sec A
Board Member (from 05/24)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

David Wallack’s $240K as Chair/Executive Director is at the 81st 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
David Wallack$239,895$226,667$153,333$116,667
Uriah King$143,090$129,000——
Emma Stutzman$106,854———

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 For the Long Term 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

For the Long Term is a public benefit nonprofit based in Washington, DC.

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Provided by the organization

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1 program · $905K · in their own filed words · FY2024
01

Public fiscal officers are government officials who provide professional financial management and accountability for a variety of public FUNDS.THERE are a growing number of 501(c)(3) organizations working to help train and encourage public fiscal officers to leverage their power as owners, issuers, fiduciaries, and customers to invest in…

$905Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Ford FoundationFY2024$865K
Total grants receivedfrom 2 funders$1.0M

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$19K
Money outPt IX
$1.4M
Ln 25
Programscol B$905K
Managementcol C$173K
Fundraisingcol D$338K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$11K
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$19K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$902K
SavingsLn 2$318K
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$11K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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$1.3M$1.2M
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$9K$11K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$247K$140K$33K$74K
Other salaries and wagesLn 7$422K$243K$53K$126K
Other employee benefitsLn 9$30K$20K$2K$9K
Payroll taxesLn 10$50K$30K$5K$14K
Legal feesLn 11b$4K$196$3K
Accounting feesLn 11c$63K$63K
Professional fundraising feesLn 11e$96K$96K
Other fees for servicesLn 11g$345K$345K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$5K$3K$2K
Information technologyLn 14$16K$1K$8K$8K
TravelLn 17$26K$24K$3K
Conferences, conventions and meetingsLn 19$88K$87K$496
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$10K$5K$2K$3K
Total functional expensesLn 25$1.4M$905K$173K$338K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$1.4M−$18K$1.2M 990 PDF
FY2023 $1.2M$1.1M$138K$1.2M 990 PDF
FY2022 $1.5M$515K$983K$1.1M 990 PDF
FY2021 $295K$167K$128K$128K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,397,741 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,196,505$1,378,349
I-9 Program service revenuePrior year $15,920$0
I-10 Investment incomePrior year $0$19,392
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,212,425$1,397,741
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $654,977$749,305
I-16a Professional fundraising feesPrior year $96,000$96,000
I-17 Other expensesPrior year $323,225$570,422
I-18 Total expensesPrior year $1,074,202$1,415,727
I-19 Revenue less expensesPrior year $138,223−$17,986
Part VI · Governance 5 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $1,397,741 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,378,349
VIII-1h Total contributions, gifts and grants$1,378,349
VIII-3 Investment incomeExcluded from tax $19,392$19,392
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $19,392$1,397,741
Part IX · Statement of functional expenses $1,415,727 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $140,306 · Management $33,329 · Fundraising $73,700$247,335
IX-7 Other salaries and wagesPrograms $242,983 · Management $53,416 · Fundraising $125,768$422,167
IX-9 Other employee benefitsPrograms $19,614 · Management $1,826 · Fundraising $8,745$30,185
IX-10 Payroll taxesPrograms $29,744 · Management $5,445 · Fundraising $14,429$49,618
IX-11b Legal feesPrograms $196 · Fundraising $3,400$3,596
IX-11c Accounting feesManagement $63,200$63,200
IX-11e Professional fundraising feesFundraising $96,000$96,000
IX-11g Other fees for servicesPrograms $345,200$345,200
IX-12 Advertising and promotionPrograms $10,098$10,098
IX-13 Office expensesManagement $2,893 · Fundraising $2,359$5,252
IX-14 Information technologyPrograms $1,076 · Management $7,523 · Fundraising $7,767$16,366
IX-17 TravelPrograms $23,582 · Fundraising $2,635$26,217
IX-19 Conferences, conventions and meetingsPrograms $87,397 · Fundraising $496$87,893
IX-23 InsuranceManagement $2,781$2,781
IX-24 Other expenses (24a–d)Programs $4,628 · Management $2,196 · Fundraising $2,995$9,819
IX-25 Total functional expensesPrograms $904,824 · Management $172,609 · Fundraising $338,294$1,415,727
Part X · Balance sheet $1,243,458 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,258,580$902,094
X-2 Savings and temporary cash investments$318,492
X-4 Accounts receivable$18,472
X-9 Prepaid expenses and deferred charges$4,400
X-16 Total assetsStart of year $1,258,580$1,243,458
X-17 Accounts payable and accrued expensesStart of year $8,623$11,487
X-26 Total liabilitiesStart of year $8,623$11,487
X-27 Net assets without donor restrictionsStart of year $1,119,618$1,021,971
X-28 Net assets with donor restrictionsStart of year $130,339$210,000
X-32 Total net assets or fund balancesStart of year $1,249,957$1,231,971
X-33 Total liabilities and net assetsStart of year $1,258,580$1,243,458
Part XI · Reconciliation of net assets $1,231,971 net assets at year end
XI-1 Total revenue$1,397,741
XI-2 Total expenses$1,415,727
XI-3 Revenue less expenses−$17,986
XI-4 Net assets at start of year$1,249,957
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,231,971

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

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