Nonprofit · EIN 31-6032844
THE THOMAS B FORDHAM FOUNDATION
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,904,104 | $2,606,540 | $297,564 | $82,318,168 | $994,421 | $81,323,747 |
| December 31, 2023 | 990 | $2,465,046 | $2,634,188 | -$169,142 | $75,889,511 | $821,352 | $75,068,159 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,182,508
- Investment income
- $1,577,304
- Other revenue
- $144,292
Expenses
- Grants and similar amounts paid
- $165,108
- Compensation of officers, directors and key employees
- $256,898
- Other salaries and wages
- $1,010,463
- Salaries, compensation and benefits (total)
- $1,568,539
- Professional fundraising fees
- $0
- Legal fees
- $31,795
- Accounting fees
- $45,274
- Occupancy
- $47,726
- Travel
- $27,653
- Depreciation
- $21,891
- Program services (functional)
- $1,371,936
- Management and general (functional)
- $1,234,604
Balance sheet and other
- Total assets, start of year
- $75,889,511
- Total assets, end of year
- $82,318,168
- Total liabilities, end of year
- $994,421
- Net assets, end of year
- $81,323,747
- Land, buildings and equipment
- $46,075
- Publicly traded securities
- $47,448,564
- Net assets without donor restrictions
- $81,323,747
- Gross receipts
- $2,904,104
- Employees
- 30
- Volunteers
- 7
- Year formed
- 1959
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael J Petrilli | President And Trustee Trustee or director, Officer | 10 | $380,707 | $83,814 |
| Amber M Northern | Senior VP For Research Highest-paid employee | 2 | $283,785 | $62,914 |
| Chad L Aldis | VP For Ohio Policy And Advocacy Highest-paid employee | 0.5 | $257,946 | $58,806 |
| Chester E Finn Jr | President Emeritus And Trustee Trustee or director, Officer | 3.5 | $235,708 | $31,442 |
| Gary E LaBelle | VP For Finance And Operations Officer | 25 | $204,134 | $51,453 |
| Kathryn I Mullen | VP For Sponsorship And Dayton Highest-paid employee | 50 | $187,679 | $46,679 |
| Victoria Mcdougald | Chief Of Staff Highest-paid employee | 10 | $126,906 | $39,639 |
| Adam B Tyner | National Research Director Highest-paid employee | 0 | $126,671 | $34,541 |
| Thomas A Holton | Secretary And Trustee Trustee or director, Officer | 0.5 | $6,000 | $0 |
| Michael W Kelly | Treasurer And Trustee Trustee or director, Officer | 0.5 | $6,000 | $0 |
| Ian Rowe | Trustee Trustee or director | 0.5 | $6,000 | $0 |
| Stefanie Sanford | Trustee Trustee or director | 0.5 | $6,000 | $0 |
| Caprice Young | Trustee Trustee or director | 0.5 | $6,000 | $0 |
| Bruno V Manno | Chairman/Trustee Trustee or director, Officer | 0.5 | $5,000 | $0 |
| Rod Paige | Trustee Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL PETRILLI | PRESIDENT AND TRUSTEE Trustee or director, Officer | 10 | $367,843 | $59,511 |
| AMBER NORTHERN | SENIOR VP FOR RESEARCH Highest-paid employee | 2 | $273,000 | $44,190 |
| CHESTER E FINN JR | PRESIDENT EMERITUS AND TRUSTEE Trustee or director, Officer | 3.5 | $250,000 | $30,420 |
| GARY LABELLE | VP FOR FINANCE AND OPERATIONS Officer | 25 | $213,500 | $38,621 |
| KATHRYN MULLEN-UPTON | VP FOR SPONSORSHIP AND DAYTON Highest-paid employee | 50 | $189,500 | $40,735 |
| CHAD ALDIS | VP FOR OHIO POLICY AND ADVOCACY Highest-paid employee | 0.5 | $169,072 | $22,754 |
| VICTORIA MCDOUGALD | CHIEF OF STAFF Highest-paid employee | 10 | $133,500 | $28,423 |
| THEDA L SAMPSON | DIRECTOR FOR APPLICATIONS AND CONTRACTS Highest-paid employee | 50 | $109,150 | $45,904 |
| STEFANIE SANFORD | TRUSTEE Trustee or director | 0.5 | $6,000 | $0 |
| CAPRICE YOUNG | TRUSTEE Trustee or director | 0.5 | $6,000 | $0 |
| DAVID DRISCOLL | CHAIRMAN/TRUSTEE Trustee or director, Officer | 0.5 | $6,000 | $0 |
| THOMAS A HOLTON | SECRETARY AND TRUSTEE Trustee or director, Officer | 0.5 | $6,000 | $0 |
| MICHAEL W KELLY | TREASURER AND TRUSTEE Trustee or director, Officer | 0.5 | $6,000 | $0 |
| IAN ROWE | TRUSTEE Trustee or director | 0.5 | $5,000 | $0 |
| ROD PAIGE | TRUSTEE Trustee or director | 0.5 | $3,000 | $0 |
| BRUNO V MANNO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1015 18TH ST NW STE 902, WASHINGTON, DC 20036-5225
- In care of
- % VP TREASURER
- Principal officer (990 for 2024)
- Michael Petrilli, PO Box 110, Burke, VA 22009
- Signed the 990
- Michael Petrilli, President
- Phone
- (202) 223-5452
- Website
- www.fordhaminstitute.org
- Return prepared by
- Rogers & Company PLLC
Mission
The Thomas B. Fordham Foundation supports the Thomas B. Fordham Institute, the nation's leader in advancing educational excellence, by providing quality research, analysis and commentary, as well as on-the-ground action and advocacy in Ohio.
Program accomplishments
- 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.Expenses $1,210,799 · grants $162,858 · revenue $1,182,508
- 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 2024 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.Expenses $161,137 · grants $2,250
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-6032844
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $82,318,168
- Income (IRS master file)
- $2,904,104
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,904,104 | $2,606,540 | $82,318,168 | XML |
| 990 | December 2023 | $2,465,046 | $2,634,188 | $75,889,511 | XML |
| 990 | December 2022 | $2,482,473 | $3,225,258 | $68,013,361 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-6032844).
Questions about THE THOMAS B FORDHAM FOUNDATION
- What is the EIN of THE THOMAS B FORDHAM FOUNDATION?
- The employer identification number (EIN) of THE THOMAS B FORDHAM FOUNDATION is 31-6032844.
- Is THE THOMAS B FORDHAM FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to THE THOMAS B FORDHAM FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE THOMAS B FORDHAM FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE THOMAS B FORDHAM FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE THOMAS B FORDHAM FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE THOMAS B FORDHAM FOUNDATION?
- The 990 for the year ended December 31, 2024 names Michael Petrilli.
- Who are the officers and directors of THE THOMAS B FORDHAM FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 14 received compensation from the organization, the highest $380,707 (Michael J Petrilli, President And Trustee).
- How much revenue does THE THOMAS B FORDHAM FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,904,104, expenses of $2,606,540 and total assets of $82,318,168 at year end.
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