The Thomas B Fordham Foundation
- Assets
- $79.3m
- Revenue
- $2.6m
- Investments
- $36.0m
- Employees
- 29
- Location
- Washington, DC
- Founding
- 08/1960
- Data as of
- 12/2021
- EIN
- 31-6032844
Organization Overview
The Thomas B Fordham Foundation is located in Washington, DC. The organization was established in 1960. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Thomas B Fordham Foundation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas B Fordham Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Thomas B Fordham Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Thomas B Fordham Foundation has awarded 20 individual grants totaling $464,605. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE THOMAS B. FORDHAM FOUNDATION SUPPORTS THE THOMAS B. FORDHAM INSTITUTE, THE NATION'S LEADER IN ADVANCING EDUCATIONAL EXCELLENCE, BY PROVIDING QUALITY RESEARCH, ANALYSIS AND COMMENTARY, AS WELL AS ON-THE-GROUND ACTION AND ADVOCACY IN OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING NATIONAL EDUCATION POLICY REFORM: SUPPORTS THE THOMAS B. FORDHAM INSTITUTE'S EFFORTS TO PRODUCE RESEARCH STUDIES AND COMMENTARY ON NATIONAL EDUCATION POLICY ISSUES. OUR NATIONAL POLICY WORK IN 2021 FOCUSED ON SUPPORTING SCHOOLS' EFFORT TO HELP STUDENTS RECOVER FROM THE COVID PANDEMIC; PROMOTING HIGH QUALITY CIVICS AND U.S. HISTORY STANDARDS; AND EXPANDING HIGH QUALITY CHARTER SCHOOLS AND OTHER SCHOOLS OF CHOICE.
SUPPORTING EDUCATION POLICY REFORM IN OHIO: SUPPORTS THE THOMAS B. FORDHAM INSTITUTE'S EFFORTS TO PRODUCE AND DISSEMINATE REPORTS, COMMENTARY, AND POLICY BRIEFS IDENTIFYING EVIDENCE-BASED SOLUTIONS AND BEST-PRACTICE RECOMMENDATIONS FOR THE CURRENT CHALLENGES FACED BY THE LEADERS OF OHIO'S SCHOOL SYSTEMS. THE FOUNDATION HELPS THE INSTITUTE ADVANCE POLICIES SUCH AS THOSE WHICH PROVIDE PARENTS ADDITIONAL CHOICES AND HOLD SCHOOLS ACCOUNTABLE IN HOPES OF NARROWING OHIO'S ACHIEVEMENT GAP.
CHARTER SCHOOL AUTHORIZING: THE THOMAS B. FORDHAM FOUNDATION SERVES AS THE AUTHORIZER FOR ELEVEN OHIO-BASED CHARTER SCHOOLS SERVING MORE THAN 5,500 STUDENTS. OUR NATIONALLY RECOGNIZED CHARTER-AUTHORIZATION STAFF EVALUATES PROPOSALS FOR NEW CHARTER SCHOOLS, MONITORS THE COMPLIANCE AND PERFORMANCE OF OUR PORTFOLIO OF SCHOOLS, AND LENDS THEM FISCAL AND TECHNICAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Mullen-Upton VP For Sponsorship And Dayton | 47.5 | $153,425 | |
Gary Labelle VP For Finance And Operations | Officer | 25 | $93,000 |
Michael Petrilli President And Trustee | OfficerTrustee | 10 | $63,782 |
Victoria Mcdougald Chief Of Staff | 10 | $19,177 | |
Chester E Finn Jr President Emeritus And Trustee | OfficerTrustee | 3.5 | $15,400 |
Amber Northern Senior VP For Research | 2 | $9,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $759,398 |
| Investment income | $1,823,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,582,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,128 |
| Compensation of current officers, directors, key employees. | $70,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $726,713 |
| Pension plan accruals and contributions | $62,650 |
| Other employee benefits | $79,124 |
| Payroll taxes | $60,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,041 |
| Fees for services: Accounting | $37,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $912,783 |
| Fees for services: Other | $51,056 |
| Advertising and promotion | $0 |
| Office expenses | $20,996 |
| Information technology | $24,352 |
| Royalties | $0 |
| Occupancy | $150,592 |
| Travel | $2,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,463 |
| Insurance | $19,025 |
| All other expenses | $17,119 |
| Total functional expenses | $2,656,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,269 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,918 |
| Net Land, buildings, and equipment | $2,240,087 |
| Investments—publicly traded securities | $39,786,216 |
| Investments—other securities | $35,980,258 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $782,713 |
| Total assets | $79,254,597 |
| Accounts payable and accrued expenses | $156,412 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,561,310 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,610,901 |
| Total liabilities | $5,328,623 |
| Net assets without donor restrictions | $73,925,974 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $79,254,597 |
Grants Awarded
Over the last fiscal year, The Thomas B Fordham Foundation has awarded $135,800 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Dayton, OH PURPOSE: SUMMER SCHOOL PROGRAM | $25,000 |
Dayton, OH PURPOSE: SUMMER SCHOOL PROGRAM | $25,000 |
Dayton, OH PURPOSE: SCHOLARSHIP FUNDING | $20,000 |
Las Vegas, NV PURPOSE: CAPITAL CAMPAIGN | $20,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $10,000 |
Dayton, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Thomas B Fordham Foundation has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
Accelerate Great Schools Cincinnati, OH PURPOSE: SEE PART IV | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |