SaltExchange is a dynamic community of philanthropists united to tackle the world's toughest challenges through radical collective action.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$200K 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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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
1 of 2
filings with a surplus
Average surplus $34K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$200K
to officers and key staff · 59% of spending
Concern: pay to officers and key staff is 59% of spending; over 30%.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$90K
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$335K
Spent
$337K
To programs
76%
Net assets
−$1K
By yearFY2023–FY2024
Revenue
$335K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$335K
FY2024$592K
Expenses
$337K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$337K
FY2024$522K
Net assets
−$1K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023−$1K
FY2024$69K

From the FY2023 Form 990 · 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 Apr 2023.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $255K Management & general 17% · $56K Fundraising 7% · $25K

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

5 people listed on the 990; $200K paid to officers and key staff.

Part VII, Section A · reportable compensation
$200,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Johanna Sheridan’s $200K as CEO is at the 98th percentile of top reported officer pay among 1265 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023
Johanna Sheridan$200,000$200,000

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 Saltexchange INC 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Unites philanthropists for radical collective action on tough global challenges.

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Provided by the organization

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1 program · $255K · in their own filed words · FY2023
01

SaltExchange has achieved significant milestones while continuing to grow our vibrant community of philanthropists. We hosted seven philanthropic gatherings, including impactful discussions at our monthly meetings and book clubs, fostering collaboration and collective action.

$255Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$335K
Ln 12
Gifts and grantsLn 1h$335K
Investment incomeLn 3$129
Money outPt IX
$337K
Ln 25
Programscol B$255K
Managementcol C$56K
Fundraisingcol D$25K
Owns and owesPt X
−$1K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$88K
LiabilitiesLn 26$90K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$335K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$129
Total revenueLn 12$335K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$28K
Total assetsLn 16$88K
LiabilitiesLn 26$90K
Net assetsLn 32−$1K
OperationsPt I, VI
EmployeesI 50
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$0$28K
Total assetsLn 16$0$88K
LiabilitiesLn 26$0$90K
Net assetsLn 32$0−$1K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$200K$160K$20K$20K
Payroll taxesLn 10$13K$10K$1K$1K
Management feesLn 11a$58K$58K
Legal feesLn 11b$600$600
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$11K$5K$2K$4K
Office expensesLn 13$9K$9K
Information technologyLn 14$22K$22K
OccupancyLn 16$1K$1K
TravelLn 17$15K$15K
Conferences, conventions and meetingsLn 19$3K$3K
Total functional expensesLn 25$337K$255K$56K$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $592K$522K$70K$69K 990 PDF
FY2023 Viewing $335K$337K−$1K−$1K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $335,129 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,000$335,000
I-9 Program service revenue$0
I-10 Investment income$129
I-11 Other revenue$0
I-12 Total revenuePrior year $261,000$335,129
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $205,647$212,965
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $55,353$123,548
I-18 Total expensesPrior year $261,000$336,513
I-19 Revenue less expensesPrior year $0−$1,384
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
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 $335,129 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$335,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$335,000
VIII-3 Investment incomeRelated to mission $129 · Unrelated business $0 · Excluded from tax $0$129
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $129 · Unrelated business $0 · Excluded from tax $0$335,129
Part IX · Statement of functional expenses $336,513 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $160,000 · Management $20,000 · Fundraising $20,000$200,000
IX-10 Payroll taxesPrograms $10,371 · Management $1,297 · Fundraising $1,297$12,965
IX-11a Management feesPrograms $57,554$57,554
IX-11b Legal feesManagement $600$600
IX-11c Accounting feesManagement $4,226$4,226
IX-12 Advertising and promotionPrograms $5,000 · Management $2,256 · Fundraising $3,590$10,846
IX-13 Office expensesManagement $9,155$9,155
IX-14 Information technologyPrograms $22,458$22,458
IX-16 OccupancyManagement $1,285$1,285
IX-17 TravelManagement $14,579$14,579
IX-19 Conferences, conventions and meetingsManagement $2,845$2,845
IX-25 Total functional expensesPrograms $255,383 · Management $56,243 · Fundraising $24,887$336,513
Part X · Balance sheet $88,266 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $0$2,087
X-2 Savings and temporary cash investmentsStart of year $0$26,179
X-3 Pledges and grants receivableStart of year $0$60,000
X-4 Accounts receivableStart of year $0$0
X-16 Total assetsStart of year $0$88,266
X-17 Accounts payable and accrued expensesStart of year $0$20,943
X-26 Total liabilitiesStart of year $0$89,650
X-27 Net assets without donor restrictionsStart of year $0−$1,384
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0−$1,384
X-33 Total liabilities and net assetsStart of year $0$88,266
Part XI · Reconciliation of net assets −$1,384 net assets at year end
XI-1 Total revenue$335,129
XI-2 Total expenses$336,513
XI-3 Revenue less expenses−$1,384
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,384

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

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