The Thomas B Fordham Foundation
- Assets
- $75.9m
- Revenue
- $2.5m
- Investments
- $36.1m
- Employees
- 29
- Location
- Washington, DC
- Founding
- 08/1960
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Thomas B Fordham Foundation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 5 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.
Since 2019, Thomas B Fordham Foundation has awarded 33 individual grants totaling $729,605. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE THOMAS B. FORDHAM FOUNDATION SUPPORTS THE THOMAS B. FORDHAM INSTITUTE, THE NATIONS 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 INSTITUTES EFFORTS TO PRODUCE RESEARCH STUDIES AND COMMENTARY ON NATIONAL EDUCATION POLICY ISSUES. OUR NATIONAL POLICY WORK IN 2023 FOCUSED ON PROMOTING EVIDENCE-BASED PRACTICES IN THE WAKE OF THE COVID PANDEMIC; PROMOTING HIGH QUALITY CAREER AND TECHNICAL EDUCATION; AND EXPANDING HIGH QUALITY CHARTER SCHOOLS AND OTHER SCHOOLS OF CHOICE.
SUPPORTING EDUCATION POLICY REFORM IN OHIO: SUPPORTS THE THOMAS B. FORDHAM INSTITUTES 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 OHIOS 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 OHIOS ACHIEVEMENT GAP.
CHARTER SCHOOL AUTHORIZING: THE THOMAS B. FORDHAM FOUNDATION SERVES AS THE AUTHORIZER FOR THIRTEEN OHIO-BASED CHARTER SCHOOLS SERVING MORE THAN 6,400 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 |
|---|---|---|---|
Bruno V Manno Director | Trustee | 0.5 | $0 |
Stefanie Sanford Trustee | Trustee | 0.5 | $6,000 |
Rod Paige Trustee | Trustee | 0.5 | $3,000 |
Caprice Young Trustee | Trustee | 0.5 | $6,000 |
Ian Rowe Trustee | Trustee | 0.5 | $5,000 |
David Driscoll Chairman/trustee | OfficerTrustee | 0.5 | $6,000 |
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 | $1,027,459 |
| Investment income | $1,436,464 |
| 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 | $2,465,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133,500 |
| 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. | $250,160 |
| Compensation of current officers, directors, key employees. | $2,034 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $844,853 |
| Pension plan accruals and contributions | $83,745 |
| Other employee benefits | $123,603 |
| Payroll taxes | $70,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,249 |
| Fees for services: Accounting | $43,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $780,723 |
| Fees for services: Other | $14,103 |
| Advertising and promotion | $0 |
| Office expenses | $49,058 |
| Information technology | $59,103 |
| Royalties | $0 |
| Occupancy | $53,281 |
| Travel | $35,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,057 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,427 |
| Insurance | $24,203 |
| All other expenses | $6,032 |
| Total functional expenses | $2,634,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,466 |
| 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 | $2,665 |
| Net Land, buildings, and equipment | $45,480 |
| Investments—publicly traded securities | $38,134,068 |
| Investments—other securities | $36,134,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,081,114 |
| Total assets | $75,889,511 |
| Accounts payable and accrued expenses | $271,080 |
| 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 | $550,272 |
| Total liabilities | $821,352 |
| Net assets without donor restrictions | $75,068,159 |
| 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 | $75,889,511 |
Grants Awarded
Over the last fiscal year, The Thomas B Fordham Foundation has awarded $130,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED SCHOOLS NETWORK PURPOSE: GENERAL SUPPORT | $30,000 |
SCIOTOVILLE COMMUNITY SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |
DAYTON FOUNDATION PURPOSE: GENERAL SUPPORT | $20,000 |
DAYTON LEADERSHIP ACADEMIES PURPOSE: GENERAL SUPPORT | $20,000 |
TEACH FOR AMERICA PURPOSE: GENERAL SUPPORT | $20,000 |
IDEA GREATER CINCINNATI PURPOSE: GENERAL SUPPORT | $15,000 |