501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
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
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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Plus $211.6M in investments, Pt X · Ln 11–13
Looks good: 10.9 months of spending in cash; 3 or more.
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
$142.5M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.7M
+12% vs prior year
Spent
$8.8M
To programs
85%
Net assets
$78.0M
By yearFY2020–FY2024
Revenue
$13.7M
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.0M
FY2021$19.1M
FY2022$12.2M
FY2023$13.7M
FY2024$8.1M
Expenses
$8.8M
FY2023▼ -42%
Tap a bar for its year
Expenses by fiscal year
FY2020$20.1M
FY2021$21.8M
FY2022$15.2M
FY2023$8.8M
FY2024$8.8M
Net assets
$78.0M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$85.7M
FY2021$92.7M
FY2022$74.2M
FY2023$78.0M
FY2024$83.2M

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 Oct 2001.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $7.5M Management & general 13% · $1.1M Fundraising 2% · $169K

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

24 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Development Officer
$213,278Pt VII · Sec A
SR. Development Officer
$179,794Pt VII · Sec A
Director (thru 2/2023)
$175,000Pt VII · Sec A
SR. VP for Advancement (thru 8/2023)
$174,611Pt VII · Sec A
SR. Dir. of Dev. & Foundations
$174,555Pt VII · Sec A
SR. Director, Alumni Relations
$139,990Pt VII · Sec A
Accounting Manager
$105,144Pt VII · Sec A
Secr / Dir of HR & Office Ops (thru 10/2023)
$103,958Pt 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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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

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

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Provided by the organization

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1 program · $7.5M · in their own filed words · FY2023
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.

$7.5Mprogram expense

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 →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$13.7M
Ln 12
Investment incomeLn 3$7.0M
Fees for servicesLn 2g$4.9M
Gifts and grantsLn 1h$1.9M
Money outPt IX
$8.8M
Ln 25
Programscol B$7.5M
Managementcol C$1.1M
Fundraisingcol D$169K
Owns and owesPt X
$78.0M
net assets · Ln 32
Cash and savingsLn 1–2$8.0M
Total assetsLn 16$220.5M
LiabilitiesLn 26$142.5M
PeoplePt VI, VII
24
listed · VII A
PaidVII A13
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Noncash giftsLn 1g$151K
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$7.0M
Gains on assetsLn 7$6.5M
Total revenueLn 12$13.7M
Assets in detailPt X, end of year
CashLn 1$5.8M
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$8.0M
InvestmentsLn 11–13$211.6M
Land, buildings, equipmentLn 10c$14K
Other assetsLn 15$68K
Total assetsLn 16$220.5M
LiabilitiesLn 26$142.5M
Net assetsLn 32$78.0M
OperationsPt I, VI
EmployeesI 529
VolunteersI 611
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$1.4M$8.0M
InvestmentsLn 11–13$200.9M$211.6M
Land, buildings, equipmentLn 10c$45K$14K
Total assetsLn 16$203.6M$220.5M
LiabilitiesLn 26$129.4M$142.5M
Net assetsLn 32$74.2M$78.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.9M$3.9M
Pay of current officers, directors and key staffLn 5$1.5M$1.3M$154K$51K
Other salaries and wagesLn 7$1.4M$1.2M$141K$47K
Pension plan contributionsLn 8$154K$133K$16K$5K
Other employee benefitsLn 9$277K$239K$28K$9K
Payroll taxesLn 10$204K$177K$21K$7K
Accounting feesLn 11c$70K$70K
Investment management feesLn 11f$304K$101K$203K
Other fees for servicesLn 11g$119K$119K
Advertising and promotionLn 12$54K$27K$13K$13K
Office expensesLn 13$71K$22K$49K
Information technologyLn 14$196K$65K$130K
OccupancyLn 16$111K$36K$61K$14K
TravelLn 17$134K$43K$69K$22K
Conferences, conventions and meetingsLn 19$4K$4K
Depreciation, depletion and amortizationLn 22$31K$10K$21K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$120K$113K$7K$0
All other expensesLn 24e$119K$123K−$4K
Total functional expensesLn 25$8.8M$7.5M$1.1M$169K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.1M$8.8M−$635K$83.2M 990 PDF
FY2023 Viewing $13.7M$8.8M$4.9M$78.0M 990 PDF
FY2022 $12.2M$15.2M−$3.0M$74.2M 990 PDF
FY2021 $19.1M$21.8M−$2.7M$92.7M 990 PDF
FY2020 $18.0M$20.1M−$2.1M$85.7M 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 M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $13,696,831 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,512,843$1,870,412
I-9 Program service revenuePrior year $4,970,872$4,949,581
I-10 Investment incomePrior year −$168,056$7,014,177
I-11 Other revenuePrior year −$124,508−$137,339
I-12 Total revenuePrior year $12,191,151$13,696,831
I-13 Grants and similar amounts paidPrior year $9,720,235$3,930,038
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,878,876$3,536,412
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,579,681$1,352,500
I-18 Total expensesPrior year $15,178,792$8,818,950
I-19 Revenue less expensesPrior year −$2,987,641$4,877,881
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $13,696,831 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,870,412
VIII-1g Noncash contributions (included above)$150,639
VIII-1h Total contributions, gifts and grants$1,870,412
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,949,581$4,949,581
VIII-3 Investment incomeExcluded from tax $556,062$556,062
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,458,115$6,458,115
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$137,339−$137,339
VIII-12 Total revenueRelated to mission $4,949,581 · Unrelated business −$137,339 · Excluded from tax $7,014,177$13,696,831
Part IX · Statement of functional expenses $8,818,950 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $3,930,038$3,930,038
IX-5 Pay of current officers, directors and key staffPrograms $1,308,853 · Management $154,352 · Fundraising $51,426$1,514,631
IX-7 Other salaries and wagesPrograms $1,198,093 · Management $141,290 · Fundraising $47,075$1,386,458
IX-8 Pension plan contributionsPrograms $132,902 · Management $15,673 · Fundraising $5,222$153,797
IX-9 Other employee benefitsPrograms $239,488 · Management $28,243 · Fundraising $9,410$277,141
IX-10 Payroll taxesPrograms $176,617 · Management $20,828 · Fundraising $6,940$204,385
IX-11c Accounting feesManagement $70,400$70,400
IX-11f Investment management feesPrograms $100,607 · Management $203,364$303,971
IX-11g Other fees for servicesManagement $118,502$118,502
IX-12 Advertising and promotionPrograms $26,821 · Management $13,411 · Fundraising $13,411$53,643
IX-13 Office expensesPrograms $22,155 · Management $49,305$71,460
IX-14 Information technologyPrograms $65,219 · Management $130,458$195,677
IX-16 OccupancyPrograms $36,294 · Management $61,105 · Fundraising $13,778$111,177
IX-17 TravelPrograms $43,172 · Management $69,468 · Fundraising $21,585$134,225
IX-19 Conferences, conventions and meetingsManagement $4,481$4,481
IX-22 Depreciation, depletion and amortizationPrograms $10,485 · Management $20,974$31,459
IX-23 InsuranceManagement $19,215$19,215
IX-24 Other expenses (24a–d)Programs $112,656 · Management $6,854 · Fundraising $0$119,510
IX-24e All other expensesPrograms $122,532 · Management −$3,752$118,780
IX-25 Total functional expensesPrograms $7,525,932 · Management $1,124,171 · Fundraising $168,847$8,818,950
Part X · Balance sheet $220,467,878 assets, 18 lines filed
Asset lines not itemized here account for $350,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,278,803$5,784,061
X-2 Savings and temporary cash investmentsStart of year $99,812$2,253,990
X-4 Accounts receivableStart of year $308,065$250,190
X-9 Prepaid expenses and deferred chargesStart of year $96,591$114,456
X-10c Land, buildings and equipment, netStart of year $45,214$13,755
X-11 Publicly traded securitiesStart of year $22,103,143$48,114,530
X-12 Other securitiesStart of year $178,327,762$163,016,271
X-13 Program-related investmentsStart of year $501,575$502,475
X-15 Other assetsStart of year $68,150$68,150
X-16 Total assetsStart of year $203,579,115$220,467,878
X-17 Accounts payable and accrued expensesStart of year $358,884$376,592
X-19 Deferred revenueStart of year $200,000$38,658
X-25 Other liabilitiesStart of year $128,834,290$142,096,456
X-26 Total liabilitiesStart of year $129,393,174$142,511,706
X-27 Net assets without donor restrictionsStart of year $24,844,106$24,912,202
X-28 Net assets with donor restrictionsStart of year $49,341,835$53,043,970
X-32 Total net assets or fund balancesStart of year $74,185,941$77,956,172
X-33 Total liabilities and net assetsStart of year $203,579,115$220,467,878
Part XI · Reconciliation of net assets $77,956,172 net assets at year end
XI-1 Total revenue$13,696,831
XI-2 Total expenses$8,818,950
XI-3 Revenue less expenses$4,877,881
XI-4 Net assets at start of year$74,185,941
XI-5 Net unrealized gains (losses) on investments−$1,686,134
XI-9 Other changes in net assets$578,484
XI-10 Net assets at end of year$77,956,172

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

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