Charles Koch Institute
- Assets
- $404.1m
- Revenue
- $1.6m
- Investments
- $393.8m
- Employees
- 44
- Location
- Arlington, VA
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 27-4967732
Organization Overview
Charles Koch Institute, operating under the name Stand Together Fellowships, is located in Arlington, VA. The organization was established in 2011. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2021, Stand Together Fellowships employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stand Together Fellowships 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, Stand Together Fellowships generated $1.6m 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 (22.1%) each year. All expenses for the organization totaled $54.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stand Together Fellowships has awarded 529 individual grants totaling $98,986,594. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRED BY A RECOGNITION THAT FREE PEOPLE ARE CAPABLE OF EXTRAORDINARY THINGS, STAND TOGETHER FELLOWSHIPS SUPPORTS EDUCATIONAL PROGRAMS AND DIALOGUE TO (SEE SCHEDULE O)
Describe the Organization's Program Activity:
EDUCATE STUDENTS IN A CLASS ROOM REGARDING THE PRINCIPLES THAT ENABLE INDIVIDUALS TO LIVE THEIR BEST LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Mccaughan Sr. Manager, Media Programs | 50 | $168,434 | |
Hugh Cherry Director, Education | 50 | $162,777 | |
Noelle Huffman Sr. Manager, Data & Operations | 50 | $129,351 | |
Dale Gibbens Director/executive VP | OfficerTrustee | 1 | $0 |
Brian Menkes Secretary | Officer | 1 | $0 |
Derek Johnson Executive Director | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Silverback Strategies Web Dev & Hosting | 12/30/21 | $181,667 |
Deroche Consulting Group Inc Consulting | 12/30/21 | $140,000 |
Real Clear Foundation Media Services | 12/30/21 | $150,000 |
Salesforceorg Licenses | 12/30/21 | $121,090 |
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 | $256,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,325 |
| Total Program Service Revenue | $0 |
| Investment income | $19,727 |
| 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 | $1,636,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,268,613 |
| Grants and other assistance to domestic individuals. | $383,698 |
| Grants and other assistance to Foreign Orgs/Individuals | $100,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,588,271 |
| Pension plan accruals and contributions | $138,526 |
| Other employee benefits | $245,238 |
| Payroll taxes | $226,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,349 |
| Fees for services: Accounting | $30,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,425,794 |
| Advertising and promotion | $234,851 |
| Office expenses | $34,053 |
| Information technology | $1,375 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $616,878 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,800 |
| All other expenses | $0 |
| Total functional expenses | $54,091,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,134 |
| Savings and temporary cash investments | $9,621,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,270 |
| 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 | $579,839 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $393,782,565 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $404,108,851 |
| Accounts payable and accrued expenses | $8,099,891 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,099,891 |
| Net assets without donor restrictions | $396,008,960 |
| 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 | $404,108,851 |
Grants Awarded
Over the last fiscal year, Charles Koch Institute has awarded $47,318,582 in support to 149 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: EDUCATION | $2,932,475 |
New Olreans, LA PURPOSE: EDUCATION | $2,500,000 |
New York, NY PURPOSE: EDUCATION | $2,200,000 |
Washington, DC PURPOSE: EDUCATION | $2,005,375 |
Arlington, VA PURPOSE: EDUCATION | $1,521,000 |
Los Angeles, CA PURPOSE: EDUCATION | $1,406,369 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Charles Koch Institute has recieved totaling $9,500,000.
| Awarding Organization | Amount |
|---|---|
Zero Zero One Inc Wichita, KS PURPOSE: SUPPORT | $5,500,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $2,000,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Koch Institute Arlington, VA | $404,108,851 | $1,636,185 |
University Of Maryland Orthopaedic Associates P A Baltimore, MD | $13,376,270 | $27,085,599 |
Christendom Educational Corporation Front Royal, VA | $86,152,733 | $30,827,338 |
International Masonry Training And Education Foundation Bowie, MD | $50,955,407 | $23,973,687 |
Association Of Public And Land-Grant Universities Washington, DC | $44,260,531 | $22,104,494 |
Association Of Governing Boards Of Universities And Colleges Washington, DC | $19,633,060 | $15,066,269 |
Carolina University WinstonSalem, NC | $16,856,188 | $13,786,116 |
American Association Of State Colleges And Universities Washington, DC | $33,003,801 | $11,451,095 |
Institute For The Psychological Sciences Sterling, VA | $8,909,677 | $11,624,455 |
Accreditation Board For Engineering And Technology Inc Baltimore, MD | $25,462,231 | $12,376,690 |
Richmont Graduate University Chattanooga, TN | $8,373,056 | $7,234,181 |
Consortium Of Universities Of The Washington Metropolitan Area Washington, DC | $2,518,599 | $5,635,186 |