Nonprofit · EIN 85-3008040
FOR THE LONG TERM
Tax-exempt · WASHINGTON, DC 20090
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,397,741 | $1,415,727 | -$17,986 | $1,243,458 | $11,487 | $1,231,971 |
| December 31, 2023 | 990 | $1,212,425 | $1,074,202 | $138,223 | $1,258,580 | $8,623 | $1,249,957 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,378,349
- Program service revenue
- $0
- Investment income
- $19,392
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $247,335
- Other salaries and wages
- $422,167
- Salaries, compensation and benefits (total)
- $749,305
- Professional fundraising fees
- $96,000
- Legal fees
- $3,596
- Accounting fees
- $63,200
- Travel
- $26,217
- Program services (functional)
- $904,824
- Management and general (functional)
- $172,609
- Fundraising (functional)
- $338,294
Balance sheet and other
- Total assets, start of year
- $1,258,580
- Total assets, end of year
- $1,243,458
- Total liabilities, end of year
- $11,487
- Net assets, end of year
- $1,231,971
- Net assets without donor restrictions
- $1,021,971
- Net assets with donor restrictions
- $210,000
- Gross receipts
- $1,397,741
- Employees
- 8
- Volunteers
- 0
- Year formed
- 2020
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID WALLACK | CHAIR/EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $239,895 | $7,440 |
| URIAH KING | POLICY DIRECTOR Highest-paid employee | 40 | $143,090 | $7,292 |
| EMMA STUTZMAN | OPERATIONS DIRECTOR Highest-paid employee | 40 | $106,854 | $7,118 |
| JANET COWELL | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| NANCY KOPP | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| DAVID POLLACK | BOARD MEMBER (FROM 05/24) Trustee or director | 4 | $0 | $0 |
| MEREDITH MILLER | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
| RODRIGO GARCIA | BOARD MEMBER Trustee or director | 4 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID WALLACK | PRESIDENT / EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $226,667 | $9,526 |
| URIAH KING | POLICY DIRECTOR Highest-paid employee | 40 | $129,000 | $8,466 |
| JANET COWELL | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| NANCY KOPP | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 96503 PMB 65071, WASHINGTON, DC 20090-6503
- In care of
- % DAVE WALLACK
- Principal officer (990 for 2024)
- DAVID WALLACK, PO BOX 96503 PMB 65071, WASHINGTON, DC 20090
- Signed the 990
- DAVID WALLACK, PRESIDENT
- Phone
- (415) 741-6564
- Website
- WWW.FORTHELONGTERM.ORG
- 990-N for 2020 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: DAVID WALLACK, 1350 I STREET NW NO 300, WASHINGTON DC 20005. Mailing address: 1350 I STREET NW NO 300, WASHINGTON DC 20005.
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
Mission
FOR THE LONG TERM'S (FTLT) MISSION IS TO HELP STATE, CITY, AND COUNTY PUBLIC FISCAL OFFICERS LEVERAGE THE POWER OF THEIR ROLES TO DELIVER SUSTAINABLE LONG-TERM GROWTH FOR THE BENEFIT OF THEIR PUBLIC BENEFICIARIES.
Program accomplishments
- PUBLIC FISCAL OFFICERS ARE GOVERNMENT OFFICIALS WHO PROVIDE PROFESSIONAL FINANCIAL MANAGEMENT AND ACCOUNTABILITY FOR A VARIETY OF PUBLIC FUNDS.THERE ARE A GROWING NUMBER OF 501(C)(3) ORGANIZATIONS WORKING TO HELP TRAIN AND ENCOURAGE PUBLIC FISCAL OFFICERS TO LEVERAGE THEIR POWER AS OWNERS, ISSUERS, FIDUCIARIES, AND CUSTOMERS TO INVEST IN WAYS THAT IMPROVE ENVIRONMENTAL AND SOCIAL OUTCOMES FOR THE PUBLIC. HOWEVER, EXISTING 501(C)(3) ORGANIZATIONS HAVE FACED CHALLENGES WORKING WITH THE PUBLIC FISCAL OFFICERS WHO SERVE AS FIDUCIARIES OF PUBLIC SECTOR INSTITUTIONS AND FUNDS. FIRST, PUBLIC FISCAL OFFICERS OPERATE WITHIN A BUREAUCRACY AND CANNOT REACT AS QUICKLY AND (CONTINUED ON SCHEDULE O) NEED A MORE PROACTIVE FRAME IN WHICH TO ENGAGE. SECOND, PUBLIC FISCAL OFFICERS ENTER AND LEAVE THEIR ROLES WITH GREATER FREQUENCY DUE TO RESTRICTIONS SUCH AS TERM LIMITS.PUBLIC FISCAL OFFICERS ALSO OFTEN ENTER GOVERNMENT WITH A LEARNING CURVE ABOUT THEIR RIGHTS AS AN OWNER AND THEIR RESPONSIBILITIES AS A PUBLIC FIDUCIARY, AND STATE AND LOCAL GOVERNMENTS OFTEN LACK ADEQUATE RESOURCES AND TOOLS NECESSARY TO FULL TRAIN AND ONBOARD THESE FISCAL OFFICERS. NONPROFIT ORGANIZATIONS HAVE A VITAL ROLE TO PLAY IN HELPING TO EDUCATE PUBLIC FISCAL OFFICERS, WHICH FREES UP CRITICAL STATE AND LOCAL GOVERNMENTAL RESOURCES FOR CORE GOVERNMENTAL FUNCTIONS. FISCAL OFFICERS ALSO NEED OUTSIDE GUIDANCE TO HELP THEM LEARN ABOUT THE NONPROFIT SUPPORT THAT IS AVAILABLE TO HELP THEM ACCELERATE THEIR DEVELOPMENT AS OWNERS AND FIDUCIARIES SO THAT THEY MAY ULTIMATELY LEVERAGE THEIR POWER AS OWNERS, ISSUERS, AND FIDUCIARIES TO BEST REPRESENT THE PUBLIC INTEREST.FTLT HAS HAS BEEN FORMED TO FILL THE CRITICAL NEED FOR A 501(C)(3) ORGANIZATION THAT SUPPORTS PUBLIC FISCAL OFFICERS IN MANAGING THE UNIQUE CHALLENGES THEY FACE IN INTERFACING WITH NONPROFIT ORGANIZATIONS, FOR THE BENEFIT OF THE MEMBERS OF THE PUBLIC WHO BENEFIT FROM THE PUBLIC FUNDS THAT FISCAL OFFICERS ARE CHARGED WITH OVERSEEING.Expenses $904,824
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
- 85-3008040
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W22)
- Assets (IRS master file)
- $1,243,458
- Income (IRS master file)
- $1,397,741
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,397,741 | $1,415,727 | $1,243,458 | XML |
| 990 | December 2023 | $1,212,425 | $1,074,202 | $1,258,580 | XML |
| 990 | December 2022 | $1,498,250 | $514,999 | $1,158,846 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: DAVID WALLACK Filed under this EIN, most likely by a chapter or affiliate | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-3008040).
Questions about FOR THE LONG TERM
- What is the EIN of FOR THE LONG TERM?
- The employer identification number (EIN) of FOR THE LONG TERM is 85-3008040.
- Is FOR THE LONG TERM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FOR THE LONG TERM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOR THE LONG TERM 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 FOR THE LONG TERM 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 FOR THE LONG TERM 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 FOR THE LONG TERM?
- The 990 for the year ended December 31, 2024 names DAVID WALLACK.
- Who are the officers and directors of FOR THE LONG TERM?
- The 990 for the year ended December 31, 2024 lists 8 people; 3 received compensation from the organization, the highest $239,895 (DAVID WALLACK, CHAIR/EXECUTIVE DIRECTOR).
- How much revenue does FOR THE LONG TERM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,397,741, expenses of $1,415,727 and total assets of $1,243,458 at year end.
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