The Fuller Foundation FY2022 filing

Tax-deductible

Pasadena, CA501(c)(3)Since 1987Foundations & GrantmakersEIN 95-4124436

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$1.7M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: 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-T
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 5
filings with a surplus
Average deficit $707K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.7M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $127K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$129.4M
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.2M
-36% vs prior year
Spent
$15.2M
To programs
90%
Net assets
$74.2M
By yearFY2020–FY2024
Revenue
$12.2M
FY2022▼ -36%
Revenue by fiscal year
FY2020$18.0M
FY2021$19.1M
FY2022$12.2M
FY2023$13.7M
FY2024$8.1M
Expenses
$15.2M
FY2022▼ -30%
Expenses by fiscal year
FY2020$20.1M
FY2021$21.8M
FY2022$15.2M
FY2023$8.8M
FY2024$8.8M
Net assets
$74.2M
FY2022▼ -20%
Net assets by fiscal year
FY2020$85.7M
FY2021$92.7M
FY2022$74.2M
FY2023$78.0M
FY2024$83.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Fuller Foundation
EINHdr · item D95-4124436
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2001
Year of formationHdr · item L1987
Latest filingForm 990FY2024 · Form 990-T
Principal addressHdr · item CPasadena, CA
NTEE classificationIRS BMFFoundations & Grantmakers (T11)
WebsiteHdr · item Jwww.thefullerfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.01
Program services90%$13.7M
Management & general9%$1.3M
Fundraising1%$175K
Total functional expensesLn 25$15.2M

Financial health

Is it on solid ground?

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Total assets
$203.6M
FY2022▼ -21%
Total assets by fiscal year
FY2020$242.8M
FY2021$257.9M
FY2022$203.6M
FY2023$220.5M
FY2024$234.6M
Total liabilities
$129.4M
FY2022▼ -22%
Total liabilities by fiscal year
FY2020$157.1M
FY2021$165.2M
FY2022$129.4M
FY2023$142.5M
FY2024$151.4M
Revenue less expensesPt I · Ln 19−$3.0M
Total assetsPt X · Ln 16$203.6M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$203.6M
Total liabilitiesLn 26$129.4M
Total net assetsLn 32$74.2M
Months of cash on handcomputed1.1

Statement of Revenue

Part VIII
Contributions & grants$7.5M · 62%
Program service revenue$5.0M · 41%
Contributions & grants62%$7.5M
Program service revenue41%$5.0M
Total revenueLn 12$12.2M

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
SR. VP for Advancement
$271,324Pt VII · Sec A
SR. Dir. Gift Planning/Annual Giving
$192,578Pt VII · Sec A
Executive Director
$173,795Pt VII · Sec A
Senior Director of Development
$170,071Pt VII · Sec A
SR. Director, Alumni Relations
$134,740Pt VII · Sec A
Director of Development
$125,846Pt VII · Sec A
Secretary / Dir of HR & Office Ops
$121,895Pt VII · Sec A
Chief Financial Officer
$114,899Pt VII · Sec A

Lauren Yamaoka’s $259K as SR. Director of Dev. & Foundations is at the 91st percentile of top reported officer pay among 1690 $1–10M 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

NameFY2024FY2023FY2022FY2021FY2020
Brent Assink———$234,651$280,991
Ken Erffmeyer—$174,611$271,324——
Lauren Yamaoka$259,107$174,555$111,496——
Dasha Thomas$236,720$213,278$192,578$186,884$190,990
John Kamperschroer$183,319$179,794$170,071$165,206—
Mark Labberton—$175,000———
Daniel Cooper—$72,385$173,795$106,976—
Lily Tsau—$139,990$134,740——

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 The Fuller Foundation executive salaries →

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Manages endowments, fundraising, and investment services to support Fuller Theological Seminary and other Christian-based charitable organizations.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $13.7M of program spending, described in the organization's own filed words · FY2022.
01

See schedule othe services of the fuller foundation benefit and carry out the charitable purposes of christian based and other charitable organizations. This includes direct support of fuller theological seminary, other christian based organizations, other charitable organizations, and various designated, restricted, or endowment funds.

$13.7Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 293 grants · $23.9M · 2020–2024
Fuller Theological SeminaryCA · FY2024$2,916,124
Voice of the Martyrs INCOK · FY2024$60,000
Windrider Institute INCID · FY2024$35,000
Wedgwood Circle InstituteVA · FY2024$35,000
Church of the ServantMI · FY2024$32,000
She Is Safe INCGA · FY2024$30,000
Wedgwood Circle InstituteVA · FY2024$27,000
BoskoIL · FY2024$26,000
Calvin UniversityMI · FY2024$24,000
Logos Evangelical SeminaryCA · FY2024$20,000
See all 293 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $8.1M$8.8M-41% 990 PDF
FY2023 $13.7M$8.8M+12% 990 PDF
FY2022 Viewing $12.2M$15.2M-36% 990 PDF
FY2021 $19.1M$21.8M+6% 990 PDF
FY2020 $18.0M$20.1M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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