Robert A Toigo Foundation is located in Oakland, CA. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Robert A Toigo Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robert A Toigo 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 12/2022, Robert A Toigo Foundation generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE CHANGE AND ADVANCE MORE INCLUSIVE LEADERSHIP IN FINANCE AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: TOIGO CONTINUED IN 2022 TO ADDRESS THE ISSUES RELATED TO COVID BY ADVANCING ITS DELIVERY OF REMOTE LEARNING THROUGH A VARIETY OF ONLINE COURSEWORK, WEBINARS, AND NETWORKING SESSIONS. THE GROWING INTERESTS AND NEEDS OF MBAS PARTICULARLY GIVEN THE CONVERSION OF IN-PERSON SESSIONS TO VIRTUAL PLATFORMS ALLOWED THE FOUNDATION TO REACH AN INCREASING NUMBER OF STUDENTS BY WAY OF OUR INDUSTRY EDUCATION ONLINE SESSIONS, TECHNICAL SKILL TRAINING AND WORKSHOPS. ONLINE PLATFORMS WERE CUSTOMIZED AND ADMINISTERED PROVIDING A SETTING FOR SEAMLESS PROGRAMMING AND AN EFFECTIVE WAY TO ENGAGE CORPORATE DONORS IN LEADING SESSIONS, MEETING STUDENTS TOWARD RECRUITMENT GOALS AND PROVIDING CAREER MANAGEMENT SUPPORT. APPLICATION FOR THE MBA FELLOWSHIP REMAINED ROBUST FOR 2022. THE FOUNDATION WELCOMED NEARLY 350 NEXT GENERATION LEADERS TO PRESENT THEIR QUALIFICATIONS FOR SELECTION AS A TOIGO FELLOW. THE FOUNDATION'S FINANCIAL INVESTMENT IN ONLINE APPLICATION TOOLS, WEBINARS AND RECORDED INTERVIEWS AND LEADERSHIP ASSESSMENT ALLOWED FOR THE CLOSEST EXPERIENCE TO THE IN-PERSON INTERVIEW PROCESS AND THE SELECTION OF 100 STUDENTS FOR THE PROGRAM, WHO PARTICIPATED IN MBA CATAPULT VIRTUALLY. BY MID-YEAR 2022, THE FOUNDATION WAS ABLE TO RESUME SELECT IN-PERSON EVENTS FOR STUDENTS BRINGING BACK THE SPIRIT OF CONNECTION AND HIGH VALUE DERIVED FROM PEER TO PEER LEARNING AND EXCHANGE THROUGH OUR FALL LEADERSHIP EVENT HOSTING NEARLY 200 STUDENTS. PARTICIPANTS EXPERIENCED A FULL 2-DAY PROGRAM ANCHORED BY THE RICHNESS OF LEARNING CONTENT, QUALITY OF SPEAKERS AND INVESTMENT EXPERTS AND TECHNICAL SKILLS OFFERINGS. NEW TRENDS IN CAREERS THAT EMERGED IN 2022 PRESENTED OPPORTUNITIES FOR THE FOUNDATION TO ENGAGE ADDITIONAL CONTENT PROVIDERS AND SUBJECT MATTER EXPERTS TO EXPAND OUR TECHNICAL SKILLS PLATFORM - QUANT CAMP. AI, FINTECH AND DIGITAL INFRASTRUCTURE INNOVATION WERE JUST A FEW OF THE NEW PROGRAMMING INTRODUCED DURING OUR IN-PERSON SESSIONS. REVENUE SUPPORTING THIS PROGRAM WAS DRIVEN BY CHARITABLE SUPPORT PROVIDED FOR OUR LEADERSHIP EDUCATIONAL PLATFORM FOR STUDENTS.
PROFESSIONAL SERVICES: THE NATIONAL DIALOGUE AND ACTIONS AROUND INCLUSION AND OPPORTUNITY; WORKPLACE DYNAMICS AND FAIRNESS CONTINUED IN 2022. THE MOMENTUM STARTED IN 2020 WAS MAINTAINED WITH AN INCREASE IN SYSTEMATIC RECRUITING AND CAREER MANAGEMENT ACTIVITIES ACROSS FIRMS AND AN INTEREST TO ENGAGE WITH THE FOUNDATION IN SECURING HIGH POTENTIAL TALENT FOR THEIR ORGANIZATIONS. THE FOUNDATION PROVIDED SUPPORT TO FIRM PROFESSIONALS EXPLORING NEW WAYS FOR CAPITALIZING ON THEIR TOIGO PARTNERSHIP AND TO PROMOTE THEIR FIRM'S OPPORTUNITIES. SUPPORT TO FIRMS TO BRIDGE THE CONNECTIONS THEIR RECRUITMENT OPPORTUNITIES TARGETING ENTRY LEVEL TALENT SEEKING SUMMER INTERNSHIPS AND/OR FULLTIME ROLES UPON GRADUATION WAS STEADY. MID-CAREER TALENT ACQUISITION ALSO REMAINED IN FOCUS IN 2022 AS FIRMS REFINED THEIR OUTREACH TO PARTNER WITH THE FOUNDATION TO IDENTIFY EXPERIENCED TALENT BRINGING INVESTMENT SKILLS, LEADERSHIP QUALITIES AND VISION TO CONTRIBUTE READILY TO A FIRM'S BUSINESS STRATEGY AND INVESTMENT PLATFORMS.
TOIGO INSTITUTE PROGRAMMING: TOIGO INSTITUTE PROGRAMMING FOCUSED ON POST GRADUATE CONTINUOUS LEARNING THROUGH INVESTMENTS IN SPECIALIZED PROGRAMS AND SERVICES AIMED AT ADVANCE THE LEADERSHIP ASPIRATION OF POST-GRADUATE PARTICIPANTS WE SERVE. THIS WORK WAS COMPLIMENTED BY THE FOUNDATION'S AMPLIFIED EDUCATION AND AWARENESS MESSAGING WORKPLACE DIVERSITY, ACCESS TO TALENT AND MECHANISMS FOR RETENTION. THE FOUNDATION CONTINUED DEVELOPMENT OF ITS LEARNING PLATFORM FEATURING PODCASTS, INVESTMENT SECTOR WEBINARS AND MORE. ADDITIONALLY, THE CRM "TOIGO MARKETPLACE" GREW IN PARTICIPATION ACROSS THE NETWORK OF FELLOWSHIP PARTICIPANTS, SHARING INDUSTRY EVENTS AND A SPIRIT OF COMMUNITY BUILDING. THOUGHT LEADERSHIP IN 2022 INCLUDED THE FOUNDATION'S CONTRIBUTION TO ONGOING EDUCATION AND SUPPORT TO INDUSTRY SEEKING WAYS TO REACH UNTAPPED TALENT FOR THEIR ORGANIZATIONS AND TO ADOPT IMPROVED PROGRAMS AND PRACTICES TO STIMULATE RETENTION AND ADVANCEMENT OF VALUED EMPLOYEES. TOIGO'S WOMEN IN LEADERSHIP SUMMIT, GROUNDBREAKERS RETURNED IN PERSON IN 2022. MORE THAN 25 FIRMS SUPPORTED THE EVENT AS SPONSORS AND SPEAKERS. WITH CORPORATE SPONSORSHIP, FIRMS WERE ABLE TO REGISTER EMPLOYEES TO ENJOY THE PROGRAM TO TAKE ADVANTAGE OF THE RICH LEADERSHIP CONTENT OF THE PROGRAM. THIS RETURN TO IN PERSON IS VIEWED AS A POSITIVE WITH RESPECT TO THE SPIRIT OF CONNECTION THIS EVENT OFFERS TO MID TO SENIOR CAREER WOMEN LEADERS AND THE CRITICAL AND TIMELY TOOLS AND INSIGHTS INTO PROFESSIONAL DEVELOPMENT TOPICS OF GREATEST IMPORTANCE TO WOMEN. THE HIGH-PROFILE LINEUP OF SPEAKERS FROM ACADEMIA, PHILANTHROPY, BUSINESS AND GOVERNMENT ADDS TO THIS QUALITY OF THIS HIGH DEMAND EVENT. TOIGO SERIES OF INVESTMENT-RELATED EVENTS, KNOWN AS INDUSTRY INSIGHTS, PRESENTED A SETTING FOR INDUSTRY TO CONVENE ON TOPICS WHICH SUPPORT THE MISSION OF THE NON-PROFIT BUT ALSO HAVE IMPACT ON THE AGENDA OF CHANGE AND OPPORTUNITY. INDUSTRY INSIGHTS ALSO POSITIONS THE NON-PROFIT AT THE CENTER OF DIALOGUE WITH CORPORATE PARTNERS, ACADEMIA, AND UNQUESTIONABLY HIGH-CALIBER TALENT TO EXCHANGE OPENLY ON TOPICS ACROSS EDUCATION, DEI, INVESTMENTS, BOARD GOVERNANCE AND MORE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Nancy Sims President & CEO | Officer | 70 | $381,446 |
Albert Cruz Director Of Philanthropy | 40 | $162,045 | |
Kristy Posocco Director Of Mba Programming | 40 | $108,423 | |
Sue Toigo Founder Board Member | Trustee | 0.5 | $0 |
Mark Mccombe Chairman | OfficerTrustee | 0.5 | $0 |
Kelly Williams Co-Chairman | OfficerTrustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Segesta Communications Program Consultant | 12/30/22 | $206,050 |
Patrisha Gill Accountant | 12/30/22 | $160,475 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $1,890,809 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,768,220 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,659,029 |
Total Program Service Revenue | $444,293 |
Investment income | $15,673 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$717,527 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,408,859 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $140,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $384,771 |
Compensation of current officers, directors, key employees. | $54,083 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $655,171 |
Pension plan accruals and contributions | $9,000 |
Other employee benefits | $67,630 |
Payroll taxes | $76,620 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,375 |
Fees for services: Accounting | $191,626 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $393,040 |
Advertising and promotion | $0 |
Office expenses | $60,359 |
Information technology | $261,319 |
Royalties | $0 |
Occupancy | $168,362 |
Travel | $244,583 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $304,554 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $21,402 |
Insurance | $19,790 |
All other expenses | $0 |
Total functional expenses | $3,561,689 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,321,621 |
Savings and temporary cash investments | $3,075,322 |
Pledges and grants receivable | $1,170,958 |
Accounts receivable, net | $22,850 |
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 | $120,242 |
Net Land, buildings, and equipment | $48,798 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $470,513 |
Total assets | $7,230,304 |
Accounts payable and accrued expenses | $152,214 |
Grants payable | $0 |
Deferred revenue | $28,180 |
Tax-exempt bond liabilities | $0 |
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 | $493,347 |
Total liabilities | $673,741 |
Net assets without donor restrictions | $5,065,257 |
Net assets with donor restrictions | $1,491,306 |
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 | $7,230,304 |