Motley Fool Foundation
- Assets
- $13.2m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Alexandria, VA
- Founding
- 02/2020
- Data as of
- 09/2022
- EIN
- 84-1970428
Organization Overview
Motley Fool Foundation is located in Alexandria, VA. The organization was established in 2020. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 09/2022, Motley Fool Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motley Fool 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 09/2022, Motley Fool Foundation generated $15.8m in total revenue. All expenses for the organization totaled $2.6m during the year ending 09/2022. While expenses have increased by 95.3% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PURPOSE IS TO PROMOTE FINANCIAL FREEDOM FOR ALL BY FINDING, FUNDING, AND AMPLIFYING INNOVATIVE SOLUTIONS THAT ENABLE STRIVERS TO BECOME THRIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE PROGRAM WAS FOCUSED ON ACHIEVING FINANCIAL FREEDOM FOR ALL. THE FOUNDATION BELIEVES THAT FIVE KEY DRIVERS ENABLE FINANCIAL FREEDOM FOR AMERICANS LIVING BETWEEN POVERTY AND WEALTH: EDUCATION, HEALTH, MONEY, WORK, AND HOUSING. THESE DRIVERS COMPRISE "THE SYSTEM, AND WHEN THEY WORK TOGETHER, PEOPLE ADVANCE FINANCIALLY. WHEN THEY DON'T, PEOPLE ARE LEFT BEHIND. OUR GOAL IS TO BREAK DOWN SILOS BETWEEN THESE DRIVERS AND THE BARRIERS HOLDING PEOPLE BACK. IT TAKES A SPECIAL KIND OF PERSON TO CREATE BREAKTHROUGHS, AND THE FOUNDATION IS WORKING TO FIND THEM, CONNECT THEM, LEARN FROM THEM, HELP THEM GO FURTHER AND FASTER WITH TARGETED INVESTMENTS, AND BY AMPLIFYING WHAT THEY DO. WE CALL THEM RULE BREAKERS. IN 2022, THE FOUNDATION INVESTED IN RULE BREAKERS ACROSS THE COUNTRY WORKING WITH THE UNBANKED AND UNDERBANKED, DEVELOPING BLACK RURAL ENTREPRENEURS, AND ACQUIRING AND PRESERVING AFFORDABLE HOUSING. THE GROUNDWORK WAS LAID TO EXPAND THIS COHORT ACROSS ALL FIVE DRIVERS AND TO CONNECT THEM WITH EACH OTHER AND THE FOUNDATION'S COMMUNITIES.ADDITIONALLY, INFRASTRUCTURE WAS DEVELOPED TO FIND AND CONVENE A SET OF RULE BREAKERS AND COMMUNITY LEADERS IN ONE GEOGRAPHIC LOCATION TO DEVELOP SOLUTIONS ACROSS ALL FIVE DRIVERS TO PROVIDE EQUITABLE PATHWAYS TO FINANCIAL FREEDOM FOR AN ENTIRE POPULATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gennaro Oxley Executive Director | Officer | 40 | $219,205 |
Alan Tobias Secretary | Officer | 40 | $187,048 |
David Gardner Chair | OfficerTrustee | 2 | $0 |
Jeff Haslow Treasurer/finance Director | Officer | 18 | $0 |
Ollen Douglass Finance Chair | Trustee | 1 | $0 |
Margaret Gardner Governance Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Donor Advisory | 9/29/22 | $245,553 |
Michael Gardner Marketing | 9/29/22 | $136,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $910,138 |
| Noncash contributions included in lines 1a–1f | $202,215 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,910,138 |
| Total Program Service Revenue | $0 |
| Investment income | $65,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$162,764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,812,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| Grants and other assistance to domestic individuals. | $225,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $415,805 |
| Compensation of current officers, directors, key employees. | $153,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $235,740 |
| Pension plan accruals and contributions | $2,185 |
| Other employee benefits | $54,765 |
| Payroll taxes | $44,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,046 |
| Fees for services: Accounting | $73,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,343 |
| Fees for services: Other | $849,751 |
| Advertising and promotion | $99,096 |
| Office expenses | $14,066 |
| Information technology | $40,597 |
| Royalties | $0 |
| Occupancy | $69,884 |
| Travel | $17,703 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,171 |
| Insurance | $6,663 |
| All other expenses | $0 |
| Total functional expenses | $2,566,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,679,684 |
| Pledges and grants receivable | $888,147 |
| 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 | $19,792 |
| Net Land, buildings, and equipment | $65,779 |
| Investments—publicly traded securities | $7,553,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,206,539 |
| Accounts payable and accrued expenses | $54,255 |
| 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 | $86,190 |
| Total liabilities | $140,445 |
| Net assets without donor restrictions | $12,177,947 |
| Net assets with donor restrictions | $888,147 |
| 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 | $13,206,539 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Motley Fool Foundation has recieved totaling $40,253.
| Awarding Organization | Amount |
|---|---|
Foundation For The Charlotte Jewish Community Charlotte, NC PURPOSE: CHARITABLE GIFT | $20,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $253 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Union Greeneville, TN | $557,161,210 | $15,832,085 |
Humentum Washington, DC | $3,896,322 | $9,731,950 |
National Foundation For Credit Counseling Inc Washington, DC | $8,192,491 | $8,760,104 |
Consumer Education Services Inc Raleigh, NC | $23,360,630 | $7,529,671 |
Housing Consultants Group Greensboro, NC | $1,106,215 | $2,683,425 |
Motley Fool Foundation Alexandria, VA | $13,206,539 | $15,812,396 |
Consumer Credit Counseling Service Of Maryland And Delaware Inc Columbia, MD | $10,074,197 | $2,872,253 |
Usa Cares Inc Louisville, KY | $1,622,546 | $2,426,137 |
Maryland Capital Enterprises Inc Salisbury, MD | $12,872,521 | $4,572,736 |
Cash Campaign Of Maryland Inc Baltimore, MD | $1,565,207 | $2,174,273 |
Financial Pathways Of The Piedmont Inc Winstonsalem, NC | $1,642,751 | $1,849,365 |
Consumer Credit Counseling Service Of Western North Carolina Inc Asheville, NC | $2,015,987 | $1,072,793 |