Shrm Foundation Inc
- Assets
- $28.4m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Alexandria, VA
- Founding
- 02/1969
- Data as of
- 12/2021
- EIN
- 34-6610067
Organization Overview
Shrm Foundation Inc is located in Alexandria, VA. The organization was established in 1969. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Shrm Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shrm Foundation Inc 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, Shrm Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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 2014, Shrm Foundation Inc has awarded 51 individual grants totaling $1,756,120. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELEVATE AND EMPOWER HR AS A SOCIAL FORCE AND MOBILIZE THE POWER OF HR AND THE GENEROSITY OF DONORS TO LEAD POSITIVE SOCIAL CHANGE IMPACTING WORK, WORKERS, AND THE WORKPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INSPIRES AND EMPOWERS HR TO LEAD SOCIAL CHANGE IN THE WORKPLACE: INSPIRE AND INFLUENCE/LEAD THE CREATION OF INCLUSIVE WORKPLACE CULTURES, RECOGNIZE AND CELEBRATE VISIONARY, INNOVATIVE BUSINESS PRACTICE, COLLABORATE WITH INTERNAL STAKEHOLDERS AND EXTERNAL THOUGHT LEADERS TO COMMISSION RESEARCH LINKED TO SAFE AND INCLUSIVE WORKPLACES, TALENT SHORTAGES AND OPPORTUNITIES FOR INCREASING INTEREST IN HR / HR PROFESSIONALS OF THE FUTURE, MOBILIZE HR PROFESSIONALS TO ACTIVATE EVIDENCE-BASED PROGRAMMATIC SOLUTIONS, AND ELEVATE HR BY PROMOTING HR AS THE VEHICLE TO EFFECT SOCIAL CHANGE.
THE FOUNDATION INSPIRES AND EMPOWERS THE NEXT GENERATION OF HR LEADERS: INSPIRE STUDENTS, YOUNG PROFESSIONALS, AND UNTAPPED TALENT POOLS TO PURSUE AND ADVANCE THEIR CAREERS IN HR, MOBILIZE FUTURE HR LEADERS TO LEARN AND GROW WITH ACTIVE SUPPORT FROM PROFESSIONAL MEMBERS, SCHOLARSHIPS, AWARDS AND GRANTS TO FURTHER THEIR EDUCATION/PROFESSIONAL DEVELOPMENT, AND ELEVATE HR BY PROMOTING HR JOBS AND CAREERS AT THE EARLIEST OF STAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendi Safstrom Executive Director | Officer | 40 | $272,512 |
Ellen Christman Dir, Engagement & Philanthropy | 40 | $175,647 | |
Mary Wright Mgr, Apprenticeship Program | 40 | $100,466 | |
Tom Mathews Chair | OfficerTrustee | 1 | $0 |
Elizabeth Sartain Shrm-Scp Immediate Past Chair | OfficerTrustee | 1 | $0 |
Dan Purushotham Secretary/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Economist Intelligence Research, Report Writing & Marketing | 12/30/15 | $186,000 |
Ubs Financial Services Portfolio Management | 12/30/15 | $102,726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,596,178 |
| Government grants | $206,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,796,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,598,723 |
| Total Program Service Revenue | $0 |
| Investment income | $569,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $444,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,612,637 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,000 |
| Grants and other assistance to domestic individuals. | $400,937 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $407,948 |
| Compensation of current officers, directors, key employees. | $34,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $524,450 |
| Pension plan accruals and contributions | $116,106 |
| Other employee benefits | $69,038 |
| Payroll taxes | $63,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $115,809 |
| Fees for services: Other | $1,120,608 |
| Advertising and promotion | $305,000 |
| Office expenses | $135,300 |
| Information technology | $100,374 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $82,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400,064 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,098,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,116,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $957,054 |
| Accounts receivable, net | $99,700 |
| 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 | $25,325,792 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $943,748 |
| Total assets | $28,442,463 |
| Accounts payable and accrued expenses | $397,180 |
| 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 | $605,630 |
| Total liabilities | $1,002,810 |
| Net assets without donor restrictions | $22,056,422 |
| Net assets with donor restrictions | $5,383,231 |
| 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 | $28,442,463 |
Grants Awarded
Over the last fiscal year, Shrm Foundation Inc has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
San Jose, CA PURPOSE: GENERAL SUPPORT | $50,000 |
East Lansing, MI PURPOSE: GENERAL SUPPORT | $15,000 |
Bowling Green, OH PURPOSE: GENERAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Shrm Foundation Inc has recieved totaling $3,998,879.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: EXPAND AWARENESS AND RECOGNITION FOR UNTAPPED POOLS OF TALENT AND THEIR EMPLOYMENT CHALLENGES THROUGH THE USE OF THE GETTING TALENT BACK TO WORK, VETERANS AT WORK AND EMPLOYING ABILITIES AT WORK RESOURCES | $2,000,000 |
Society For Human Resource Management Alexandria, VA PURPOSE: GENERAL | $1,596,178 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $251,755 |
Kessler Foundation Inc East Hanover, NJ PURPOSE: Foundation Directed | $100,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
Charles Koch Institute Arlington, VA PURPOSE: EDUCATION | $15,000 |
Endowment Analysis
| Beg. Balance | $2,884,970 |
| Earnings | $216,527 |
| Grants | $45,311 |
| Ending Balance | $3,056,186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |
Taubman Foundation For The Arts Roanoke, VA | $20,057,493 | $918,229 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |