Shrm Foundation Inc
- Assets
- $28.8m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Alexandria, VA
- Founding
- 02/1969
- Data as of
- 12/2023
- 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 12/2023, Shrm Foundation Inc employed 15 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 12/2023, Shrm Foundation Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $8.6m during the year ending 12/2023. While expenses have increased by 12.2% per year over the past 9 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 56 individual grants totaling $1,806,120. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MOBILIZE AND EQUIP HR TO LEAD POSITIVE SOCIAL CHANGE SO THAT ALL TALENT AND WORKPLACES CAN PROSPER AND THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION INSPIRES AND EMPOWERS HR TO LEAD SOCIAL CHANGE IN THE WORKPLACE: STRATEGIC INITIATIVES INCLUDE THE LAUNCH OF SKILLED CREDENTIALS, CREATION OF INCLUSIVE WORKPLACE CULTURES, RECOGNIZE AND CELEBRATE VISIONARY, INNOVATIVE BUSINESS PRACTICE, 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 |
|---|---|---|---|
Johnny C Taylor Jr Shrm-Scp, Dir/shrm Pres&ceo | Trustee | 1 | $0 |
Wendi Safstrom President | Officer | 40 | $335,561 |
Ellen Christman Dir, Engagement & Philanthropy | 40 | $229,327 | |
Clayton Lord Dir, Foundation Programs | 40 | $178,496 | |
Elizabeth Kohm Mgr, Foundation Programs | 40 | $117,280 | |
Edie Goldberg PHD Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heve Llc Content Services | 12/30/23 | $278,758 |
Cs New York Design Llc Event Production | 12/30/23 | $232,073 |
High Lantern Group Llc Marketing Services | 12/30/23 | $227,639 |
Kathy Romero Events Event Production | 12/30/23 | $120,000 |
Ubs Financial Services Inc Inv Mngt Services | 12/30/23 | $110,442 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,323,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,993,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,316,846 |
| Total Program Service Revenue | $0 |
| Investment income | $775,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$258,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,880,697 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| Grants and other assistance to domestic individuals. | $915,339 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $428,486 |
| Compensation of current officers, directors, key employees. | $6,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,139,849 |
| Pension plan accruals and contributions | $77,905 |
| Other employee benefits | $14,922 |
| Payroll taxes | $103,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,637 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110,443 |
| Fees for services: Other | $3,213,498 |
| Advertising and promotion | $0 |
| Office expenses | $61,441 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $335,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,342,261 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,637,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,550,343 |
| Accounts receivable, net | $721,837 |
| 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 | $56,809 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,167,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,823 |
| Total assets | $28,826,627 |
| Accounts payable and accrued expenses | $521,198 |
| 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 | $2,152,077 |
| Total liabilities | $2,673,275 |
| Net assets without donor restrictions | $26,153,352 |
| 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 | $28,826,627 |
Grants Awarded
Over the last fiscal year, Shrm Foundation Inc has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PIHRA (ORANGE CO) PURPOSE: WORKFORCE PATHWAYS AWARD | $10,000 |
HR MIAMI PURPOSE: WORKFORCE PATHWAYS AWARD | $10,000 |
CHICAGO SHRM PURPOSE: WORKFORCE PATHWAYS AWARD | $10,000 |
PHILADELPHIA SHRM PURPOSE: WORKFORCE PATHWAYS AWARD | $10,000 |
GREATER PENSACOLA SHRM PURPOSE: WORKFORCE PATHWAYS AWARD | $10,000 |