Nonprofit · EIN 52-1681375
BOARDSOURCE
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,460,379 | $5,999,352 | -$2,538,973 | $5,862,346 | $1,296,054 | $4,566,292 |
| December 31, 2024 | 990 | $4,133,997 | $4,972,900 | -$838,903 | $8,983,934 | $1,891,343 | $7,092,591 |
| December 31, 2023 | 990 | $4,124,939 | $4,695,411 | -$570,472 | $10,111,728 | $2,230,378 | $7,881,350 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $374,575
- Program service revenue
- $2,473,299
- Investment income
- $438,778
- Royalties
- $64,914
- Net gain from sales of assets
- $165,017
- Net income from sales of inventory
- $105,361
- Other revenue
- $173,727
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $557,982
- Other salaries and wages
- $2,119,652
- Salaries, compensation and benefits (total)
- $3,222,806
- Professional fundraising fees
- $0
- Legal fees
- $68,996
- Accounting fees
- $32,851
- Occupancy
- $373,173
- Travel
- $72,510
- Depreciation
- $131,964
- Program services (functional)
- $3,979,082
- Management and general (functional)
- $1,426,875
- Fundraising (functional)
- $593,395
Balance sheet and other
- Total assets, start of year
- $8,983,934
- Total assets, end of year
- $5,862,346
- Total liabilities, end of year
- $1,296,054
- Net assets, end of year
- $4,566,292
- Land, buildings and equipment
- $620,244
- Publicly traded securities
- $4,398,414
- Net assets without donor restrictions
- $4,010,474
- Net assets with donor restrictions
- $555,818
- Gross receipts
- $5,867,684
- Employees
- 23
- Volunteers
- 15
- Year formed
- 1990
- State of legal domicile
- DC
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MONIKA KALRA VARMA | PRESIDENT & CEO Officer | 40 | $378,046 | $40,538 |
| JUDY RECKELHOFF | CHIEF OF STAFF Highest-paid employee | 40 | $209,119 | $19,646 |
| TARA HUFFMAN | CHIEF PROGRAM & STRATEGY OFFICER Highest-paid employee | 40 | $191,037 | $30,439 |
| STELLA FORD | VP, STRATEGIC PARTNERSHIPS Highest-paid employee | 40 | $173,934 | $22,391 |
| ANGELYN FRAZER-GILES | DIR. GOVERNANCE NETWORKS & INNOV. Highest-paid employee | 40 | $136,617 | $22,556 |
| MINA SHIN | DIR. OF MEMBER ENGAGMT & MARKETING Highest-paid employee | 40 | $138,812 | $14,182 |
| JOAN PAYNE | VP, FINANCE Officer | 25 | $134,037 | $5,361 |
| MARK SHAMLEY | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN WALKER | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KEITH LIEDERMAN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| TERRI LEE FREEMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE ALLISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SILVIA ARGUETA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYLE CALDWELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEPHANIE HULL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GENE TAKAGI | BOARD MEMBER Trustee or director | 3 | $0 |
| SHERECE WEST-SCANTLEBURY | BOARD MEMBER Trustee or director | 3 | $0 |
| SARAH KASTELIC | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE SUTTLES | BOARD MEMBER Trustee or director | 3 | $0 |
| JULIA WILSON | BOARD MEMBER Trustee or director | 2 | $0 |
| AMY SAMPLE WARD | BOARD MEMBER Trustee or director | 2 | $0 |
| BO THAO-URABE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MONIKA KALRA VARMA | PRESIDENT & CEO Officer | 40 | $329,440 | $36,973 |
| JUDY RECKELHOFF | CHIEF OF STAFF Highest-paid employee | 40 | $209,684 | $18,490 |
| STELLA FORD | VP, STRATEGIC PARTNERSHIPS Highest-paid employee | 40 | $178,362 | $19,849 |
| TARA HUFFMAN | CHIEF PROGRAM & STRATEGY OFFICER Highest-paid employee | 40 | $156,935 | $17,786 |
| DANI ROBBINS | DIR. GOVERNANCE STRATEGY Highest-paid employee | 40 | $135,987 | $5,398 |
| ANGELYN FRAZER-GILES | DIR. GOVERNANCE NETWORKS & INNOVATION Highest-paid employee | 40 | $132,129 | $5,398 |
| JOAN PAYNE | VP, FINANCE Officer | 25 | $131,722 | $5,269 |
| MARK SHAMLEY | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN WALKER | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KEITH LIEDERMAN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| TERRI LEE FREEMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JAMIE ALLISON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SILVIA ARGUETA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYLE CALDWELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEPHANIE HULL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GENE TAKAGI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SHERECE WEST-SCANTLEBURY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| SARAH KASTELIC | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GEORGE SUTTLES | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JULIA WILSON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MONIKA KALRA VARMA | PRESIDENT & CEO Officer | 40 | $320,201 | $21,346 |
| JUDY RECKELHOFF | CHIEF OF STAFF Highest-paid employee | 40 | $182,599 | $15,938 |
| ANDREW DAVIS | FORMER ASSOCIATE VP, MEMBER EDU. Former | 40 | $165,699 | $9,671 |
| STELLA FORD | ASSOCIATE VP, FND RELATIONS Highest-paid employee | 40 | $157,086 | $17,210 |
| MINA SHIN | DIR. MEMBER ENGAGEMENT & MARKETING Highest-paid employee | 40 | $125,149 | $7,577 |
| DANI ROBBINS | DIR. GOVERNANCE STRATEGY Highest-paid employee | 40 | $127,047 | $3,905 |
| ANGELYN FRAZER-GILES | DIR. GOVERNANCE NETWORKS & INNOVATION Highest-paid employee | 40 | $124,995 | $5,501 |
| JOAN PAYNE | VP, FINANCE Officer | 25 | $121,563 | $4,863 |
| MARK SHAMLEY | CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JULIA WILSON | CHAIR - UNTIL 9/2023 Trustee or director, Officer | 3 | $0 | $0 |
| KEVIN WALKER | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| KEITH LIEDERMAN | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| TERRI LEE FREEMAN | SECRETARY - STARTING 09/2023 Trustee or director, Officer | 3 | $0 | $0 |
| CAROL GOSS | SECRETARY, TERM ENDED 12/2023 Trustee or director, Officer | 3 | $0 | $0 |
| JAMIE ALLISON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SILVIA ARGUETA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KYLE CALDWELL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEPHANIE HULL | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GENE TAKAGI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SHERECE WEST-SCANTLEBURY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1050 CONNECTICUT AVE NW PO BOX, WASHINGTON, DC 20036-5303
- In care of
- % BOARD SOURCE
- Principal officer (990 for 2025)
- MONIKA KALRA VARMA, 1050 CONNECTICUT AVE NW BOX 65001, WASHINGTON, DC 20036
- Signed the 990
- MONIKA KALRA VARMA, PRESIDENT & CEO
- Phone
- (202) 349-2500
- Website
- WWW.BOARDSOURCE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO INSPIRE AND SUPPORT NONPROFIT BOARDS AND EXECUTIVES TO LEAD JUSTLY AND WITH PURPOSE. BOARDSOURCE ENVISIONS A FUTURE WHERE THE NONPROFIT COMMUNITY HAS THE LEADERSHIP TO FULFILL ITS PURPOSE AND CREATE A WORLD WHERE ALL CAN THRIVE.
Program accomplishments
- THOUGHT LEADERSHIP: BOARDSOURCE'S RESEARCH AND THOUGHT LEADERSHIP HIGHLIGHT THE IMPORTANCE OF EFFECTIVE BOARD LEADERSHIP, ADDRESSING THE CHALLENGES FACING NONPROFIT LEADERS AND IDENTIFYING OPPORTUNITIES FOR GREATER SECTOR IMPACT. WE FOCUS ON TRENDS IMPACTING NONPROFIT LEADERSHIP PERFORMANCE AND EFFECTIVENESS, GENERATING EVIDENCE-BASED RECOMMENDATIONS FOR BOARD PRACTICE. BOARDSOURCE'S PURPOSE DRIVEN BOARD LEADERSHIP (PDBL) MODEL, INTRODUCED IN 2021, ENABLES BOARDS AND THE ORGANIZATIONS THEY SERVE TO BETTER ACHIEVE THEIR ORGANIZATION'S PURPOSE AND MISSION. IN 2025, BOARDSOURCE CONTINUED TO OFFER TRAININGS AND RESOURCES TO HELP THE FIELD OPERATIONALIZE THIS FRAMEWORK AND IMPLEMENTED A NEW THEORY OF PRACTICE THAT ENABLES THE ORGANIZATION TO CREATE RICHER AND MORE TAILORED RESOURCES TO BETTER MEET GOVERNANCE NEEDS ACROSS THE SECTOR. BOARDSOURCE IS COMMITTED TO LISTENING AND LEARNING FROM OUR COMMUNITY OF NONPROFITS AND FOUNDATIONS TO CENTER THE COLLECTIVE WISDOM OF THE SECTOR, BRINGING TOGETHER OUR 35+ YEARS OF GOVERNANCE EXPERIENCE WITH THE INNOVATION OF OUR SECTOR'S LEADERS TO ENHANCE OUR NONPROFIT ECOSYSTEM. MEMBERSHIP AND OTHER FEE FOR SERVICE PROGRAMMING: OVER THE COURSE OF 35+ YEARS OF DIRECT ENGAGEMENT WITH BOARDS AND EXECUTIVES, BOARDSOURCE HAS BECOME THE GO-TO GOVERNANCE RESOURCE FOR NONPROFIT ORGANIZATIONS. WE INSPIRE, CHALLENGE, EDUCATE AND SUPPORT A GROWING COMMUNITY OF MEMBERS NATIONWIDE, AND ARE COMMITTED TO SERVING ORGANIZATIONS OF ALL SIZES BY PROVIDING AFFORDABLE AND SCALABLE RESOURCES. THROUGH MEMBERSHIP, BOARDSOURCE PROVIDES A RANGE OF PRACTICAL SUPPORTS THAT MEET THE NEEDS OF ORGANIZATIONS AND BOARDS AT DIFFERENT STAGES OF THEIR DEVELOPMENT, INCLUDING TRAINING PROGRAMS, WRITTEN RESOURCES ON A RANGE OF LEADERSHIP TOPICS, TECHNICAL SUPPORT AND ACCESS TO A VIBRANT ONLINE COMMUNITY. MEMBERSHIP PROGRAMS INCLUDE THE BOARD SUPPORT PROGRAM (OUR CORE OFFERING) FOR NONPROFITS AS WELL AS TAILORED PROGRAMS FOR CORPORATIONS, FOUNDATIONS, FEDERATED NETWORKS AND INDIVIDUAL NONPROFIT EXECUTIVES. MEMBERS CAN ACCESS BOARDSOURCE'S LIBRARY OF NONPROFIT BOARD LEADERSHIP RESOURCES WHICH INCLUDE PUBLICATIONS AND TOOLS ON A BROAD RANGE OF TOPICS RELEVANT TO NONPROFIT EXECUTIVES, BOARD LEADERS, AND PRACTITIONERS. IN 2025, HUNDREDS OF THOUSANDS OF NONPROFIT LEADERS FROM ACROSS THE COUNTRY ACCESSED INFORMATION ON BOARDSOURCE.ORG AS WELL AS VIEWED AND/OR DOWNLOADED ONLINE RESOURCES. WE ALSO CONTINUED AN INTERNAL REVIEW OF OUR RESOURCES TO ENSURE THAT THEY REFLECT THE LATEST THINKING AND PRACTICES FOR A STRONG SECTOR. ASSESSMENTS ARE A CRITICAL TOOL TO ENABLE STRONG GOVERNANCE AND NONPROFIT BOARD LEADERSHIP. BOARDSOURCE'S ASSESSMENT SERVICES ASSIST ORGANIZATIONS IDENTIFY CORE ISSUES IN PERFORMANCE AND DEVELOPMENT OF THEIR BOARDS AND CHIEF EXECUTIVES. BOARDSOURCE'S PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE TRAINING AND SUPPORTS FOR GOVERNANCE CONSULTANTS WHO WORK DIRECTLY WITH BOARDS, AS WELL AS DIRECT LEADERSHIP DEVELOPMENT FOR EXECUTIVES AND BOARD MEMBERS. IN ADDITION TO PRESENTATIONS AND TRAININGS, BOARDSOURCE OFFERS A CERTIFICATE OF NONPROFIT BOARD EDUCATION AND A CERTIFICATE OF NONPROFIT BOARD CONSULTING.Expenses $3,979,082 · revenue $2,578,660
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 | 990 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
- 52-1681375
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A33Z)
- Assets (IRS master file)
- $5,862,346
- Income (IRS master file)
- $5,867,684
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,460,379 | $5,999,352 | $5,862,346 | IRS |
| 990 | December 2024 | $4,133,997 | $4,972,900 | $8,983,934 | IRS |
| 990 | December 2023 | $4,124,939 | $4,695,411 | $10,111,728 | XML |
| 990 | December 2022 | $3,803,950 | $3,996,402 | $10,860,434 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 52-1681375).
Questions about BOARDSOURCE
- What is the EIN of BOARDSOURCE?
- The employer identification number (EIN) of BOARDSOURCE is 52-1681375.
- Is BOARDSOURCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to BOARDSOURCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOARDSOURCE 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 BOARDSOURCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOARDSOURCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BOARDSOURCE?
- The 990 for the year ended December 31, 2025 names MONIKA KALRA VARMA.
- Who are the officers and directors of BOARDSOURCE?
- The 990 for the year ended December 31, 2025 lists 22 people; 7 received compensation from the organization, the highest $378,046 (MONIKA KALRA VARMA, PRESIDENT & CEO).
- How much revenue does BOARDSOURCE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,460,379, expenses of $5,999,352 and total assets of $5,862,346 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Arts, culture and humanities