Thomas B Fordham Institute
- Assets
- $7.3m
- Revenue
- $1.1m
- Investments
- $1.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 31-1816446
Organization Overview
Thomas B Fordham Institute is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas B Fordham Institute 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, Thomas B Fordham Institute generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $3.1m 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 THOMAS B. FORDHAM INSTITUTE IS THE NATION'S LEADER IN ADVANCING EDUCATIONAL EXCELLENCE THROUGH 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
RESEARCHING AND EVALUATING OHIO EDUCATION POLICY: PRODUCED AND DISSEMINATED STUDIES, ANALYSES, AND OTHER INFORMATION AIMED AT STRENGTHENING AND IMPROVING EDUCATION POLICY IN OHIO, INCLUDING A PUBLICATION OF A BI-WEEKLY ELECTRONIC NEWS-BRIEF, THE OHIO EDUCATION GADFLY, AND ANALYZED KEY EDUCATION POLICY ISSUES.
RESEARCHING AND EVALUATING HIGH QUALITY SCHOOL CHOICE: PRODUCED AND DISSEMINATED STUDIES EXAMINING HOW THE EXPANSION OF CHARTER SCHOOLS IS IMPACTING TRADITIONAL PUBLIC SCHOOLS, WHETHER CHARTER TEACHERS EXHIBIT HIGHER EXPECTATIONS FOR THEIR STUDENTS THAN THEIR PUBLIC SCHOOL PEERS, AND THE IMPACTS OF SPENDING PATTERNS OF SO-CALLED "FOR-PROFIT" CHARTER SCHOOLS, AMONG OTHER TOPICS.
RESEARCHING AND EVALUATING EDUCATION FOR UPWARD MOBILLITY: PRODUCED AND DISSEMINATED STUDIES AND POLICY BRIEFS IDENTIFYING EVIDENCE-BASED SOLUTIONS AND BEST-PRACTICE RECOMMENDATIONS THAT HELP CHILDREN BORN INTO POVERTY TRANSCEND THEIR DISADVANTAGES AND ENTER THE MIDDLE CLASS AS ADULTS, INCLUDING HIGH-QUALITY CAREER AND TECHNICAL EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanie Sanford Trustee | Trustee | 0.5 | $0 |
Rod Paige Trustee | Trustee | 0.5 | $0 |
Caprice Young Trustee | Trustee | 0.5 | $0 |
Ian Rowe Trustee | Trustee | 0.5 | $0 |
David Driscoll Chairman/trustee | OfficerTrustee | 0.5 | $0 |
Thomas A Holton Secretary And Trustee | OfficerTrustee | 0.5 | $0 |
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 | $849,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $849,981 |
| Total Program Service Revenue | $0 |
| Investment income | $182,046 |
| 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 | $1,050,355 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| 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. | $703,665 |
| Compensation of current officers, directors, key employees. | $58,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,897 |
| Pension plan accruals and contributions | $135,772 |
| Other employee benefits | $110,157 |
| Payroll taxes | $120,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,948 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,749 |
| Fees for services: Other | $488,129 |
| Advertising and promotion | $74,265 |
| Office expenses | $95,858 |
| Information technology | $40,942 |
| Royalties | $0 |
| Occupancy | $271,111 |
| Travel | $114,755 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,302 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $45,743 |
| All other expenses | $8,663 |
| Total functional expenses | $3,139,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $995,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $700,000 |
| Accounts receivable, net | $0 |
| 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 | $4,343,080 |
| Investments—other securities | $1,018,914 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $257,147 |
| Total assets | $7,314,951 |
| Accounts payable and accrued expenses | $32,153 |
| 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 | $1,149,175 |
| Total liabilities | $1,181,328 |
| Net assets without donor restrictions | $5,251,097 |
| Net assets with donor restrictions | $882,526 |
| 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 | $7,314,951 |