For the Long Term FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Public & Societal BenefitEIN 85-3008040

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See part III line 1.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$356K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$356K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.1 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
$9K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-19% vs prior year
Spent
$1.1M
To programs
69%
Net assets
$1.2M
By yearFY2021–FY2024
Revenue
$1.2M
FY2023▼ -19%
Revenue by fiscal year
FY2021$295K
FY2022$1.5M
FY2023$1.2M
FY2024$1.4M
Expenses
$1.1M
FY2023▲ +109%
Expenses by fiscal year
FY2021$167K
FY2022$515K
FY2023$1.1M
FY2024$1.4M
Net assets
$1.2M
FY2023▲ +12%
Net assets by fiscal year
FY2021$128K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

69 cents of each dollar spent went to programs.

Program services 69% · $741K Management & general 16% · $173K Fundraising 15% · $161K

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

4 people listed on the 990; $356K paid to officers and key staff.

Part VII, Section A · reportable compensation
President / Executive Director
$226,667Pt VII · Sec A
Policy Director
$129,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$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.

Provided by the organization

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1 program · $741K · in their own filed words · FY2023
01

Public treasurers 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 treasurers to leverage their power as owners, issuers, fiduciaries, and customers to invest in ways that…

$741Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$16K
Money outPt IX
$1.1M
Ln 25
Programscol B$741K
Managementcol C$173K
Fundraisingcol D$161K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$9K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$16K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$9K
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 FY23End FY23
Cash and savingsLn 1–2$1.2M$1.3M
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$47K$9K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$236K$118K$71K$47K
Other salaries and wagesLn 7$362K$333K$18K$11K
Other employee benefitsLn 9$15K$14K$719$439
Payroll taxesLn 10$42K$32K$6K$4K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$47K$47K
Professional fundraising feesLn 11e$96K$96K
Other fees for servicesLn 11g$207K$198K$9K
Advertising and promotionLn 12$15K$4K$10K
Office expensesLn 13$325$228−$206$303
Information technologyLn 14$4K$396$3K$354
TravelLn 17$37K$36K$1K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$4K$3K$757$142
Total functional expensesLn 25$1.1M$741K$173K$161K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.4M−$18K$1.2M 990 PDF
FY2023 Viewing $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,212,425 across 4 lines filed
VIII-1f All other contributions, gifts and grants$1,196,505
VIII-1h Total contributions, gifts and grants$1,196,505
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,920$15,920
VIII-12 Total revenueRelated to mission $15,920 · Unrelated business $0 · Excluded from tax $0$1,212,425
Part IX · Statement of functional expenses $1,074,202 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $118,097 · Management $70,858 · Fundraising $47,239$236,194
IX-7 Other salaries and wagesPrograms $332,726 · Management $17,969 · Fundraising $11,002$361,697
IX-9 Other employee benefitsPrograms $13,798 · Management $719 · Fundraising $439$14,956
IX-10 Payroll taxesPrograms $31,940 · Management $6,156 · Fundraising $4,034$42,130
IX-11b Legal feesManagement $4,002$4,002
IX-11c Accounting feesManagement $47,063$47,063
IX-11e Professional fundraising feesFundraising $96,000$96,000
IX-11g Other fees for servicesPrograms $197,855 · Management $9,343$207,198
IX-12 Advertising and promotionPrograms $4,489 · Management $10,296$14,785
IX-13 Office expensesPrograms $228 · Management −$206 · Fundraising $303$325
IX-14 Information technologyPrograms $396 · Management $2,980 · Fundraising $354$3,730
IX-17 TravelPrograms $35,808 · Fundraising $1,321$37,129
IX-19 Conferences, conventions and meetingsPrograms $2,440$2,440
IX-23 InsuranceManagement $2,768$2,768
IX-24 Other expenses (24a–d)Programs $2,886 · Management $757 · Fundraising $142$3,785
IX-25 Total functional expensesPrograms $740,663 · Management $172,705 · Fundraising $160,834$1,074,202
Part X · Balance sheet $1,258,580 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,158,846$1,258,580
X-16 Total assetsStart of year $1,158,846$1,258,580
X-17 Accounts payable and accrued expensesStart of year $47,112$8,623
X-26 Total liabilitiesStart of year $47,112$8,623
X-27 Net assets without donor restrictionsStart of year $1,111,734$1,119,618
X-28 Net assets with donor restrictions$130,339
X-32 Total net assets or fund balancesStart of year $1,111,734$1,249,957
X-33 Total liabilities and net assetsStart of year $1,158,846$1,258,580
Part XI · Reconciliation of net assets $1,249,957 net assets at year end
XI-1 Total revenue$1,212,425
XI-2 Total expenses$1,074,202
XI-3 Revenue less expenses$138,223
XI-4 Net assets at start of year$1,111,734
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,249,957

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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