Fdp Foundation
- Assets
- $3.4m
- Revenue
- $906.6k
- Investments
- $989.0k
- Employees
- 1
- Location
- Washington, DC
- Founding
- 12/2010
- Data as of
- 12/2022
- EIN
- 27-0451666
Organization Overview
Fdp Foundation is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fdp 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, Fdp Foundation generated $906.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $379.4k during the year ending 12/2022. 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
THE PURPOSE OF FDP FOUNDATION IS TO SUPPORT THE MISSION AND ACTIVITIES OF THE FEDERAL DEMONSTRATION PARTNERSHIP TO IMPROVE SCIENTIFIC RESEARCH AND EDUCATION IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRI-ANNUAL MEETINGS IN CONJUNCTION WITH THE FEDERAL DEMONSTRATION PARTNERSHIP, THE FOUNDATION HELPS ORGANIZE AND FINANCE THREE MEETINGS PER YEAR FOR THE PURPOSE OF BRINGING TOGETHER RESEARCHERS, INSTITUTIONAL RESEARCH ADMINISTRATORS, FEDERAL PROGRAM OFFICERS, FEDERAL RESEARCH ADMINISTRATORS, AND TECHNICAL PEOPLE. THESE MEETINGS ARE USED TO DEVISE WAYS TO STREAMLINE THE ADMINISTRATION OF FEDERALLY FUNDED RESEARCH AND DEVELOPMENT PROJECTS THAT WILL COLLECT THE DATA NEEDED TO DETERMINE IF SUGGESTED SOLUTIONS ARE VIABLE. THE MEETINGS ARE ALSO USED TO VET POTENTIAL POLICY CHANGES BEFORE IMPLEMENTATION IN ORDER TO DETERMINE IF THERE WILL BE ANY UNFORSEEN DETRIMENTAL EFFECTS OF THE NEW POLICY.
DEMONSTRATIONS AND PROJECTS MANY PROJECTS THAT ARE INITIATED IN THE FEDERAL DEMONSTRATION PARTNERSHIP ARE CREATED DUE TO THE CHANGING LANDSCAPE OF FEDERAL OVERSIGHT OF RESEARCH. SINCE THESE CHANGES ARE NOT FORSEEN AT THE TIME OF BUDGET PREPARATION FOR FEDERAL GRANTS, THEY ARE NOT INCLUDED IN THE ANNUAL BUDGET OF THE FEDERAL DEMONSTRATION PARTNERSHIP. WHEN SUCH PROJECTS ARISE, THE FDP FOUNDATION WILL FINANCE PART OR ALL OF THESE PROJECTS. SOME OF THE COSTS THAT ARE INCLUDED FOR THESE PROJECTS ARE TRAVEL, CONFERENCE CALLS, AND SURVEY DEVELOPMENT AND IMPLEMENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wright Interim Executive Director | OfficerTrustee | 40 | $81,068 |
Michele Masucci President | OfficerTrustee | 2 | $0 |
Alexandra Albinak Vice President | OfficerTrustee | 2 | $0 |
Kim Moreland Treasurer | OfficerTrustee | 2 | $0 |
Tim Reuter Officer | OfficerTrustee | 2 | $0 |
Twila Reighley Officer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $521,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $611,247 |
| Total Program Service Revenue | $330,990 |
| Investment income | $79,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$115,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $906,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $81,068 |
| Compensation of current officers, directors, key employees. | $16,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80 |
| Advertising and promotion | $0 |
| Office expenses | $626 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,176 |
| All other expenses | $0 |
| Total functional expenses | $379,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $527,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,485,653 |
| Investments—other securities | $989,046 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,360,087 |
| Accounts payable and accrued expenses | $15,679 |
| Grants payable | $0 |
| Deferred revenue | $21,925 |
| 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 | $0 |
| Total liabilities | $37,604 |
| Net assets without donor restrictions | $3,322,483 |
| 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 | $3,360,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grantmakers For Effective Organizations Washington, DC | $13,379,679 | $6,097,869 |
Center For Nonprofit Excellence Charlottesville, VA | $1,790,129 | $2,544,180 |
A2la Workplace Training Inc Frederick, MD | $1,484,703 | $1,784,761 |
Fdp Foundation Washington, DC | $3,360,087 | $906,649 |
People For Change Coalition Largo, MD | $320,791 | $283,348 |
Tmi Arlington Arlington, VA | $0 | $0 |