Thomas B Fordham Institute

Washington, DC
Tax-exempt since Sept. 2002
EIN: 31-1816446

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Research Institutes and/or Public Policy Analysis (NTEE)

Donations to this organization are tax deductible.

Revenue

$2.1M (2023)

Expenses

$3.86M (2023)

Total Assets

$6.45M (2023)

Total Liabilities

$1.37M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$2,104,202

Expenses

$3,862,453

Net Income

-$1,758,251

Net Assets

$5,076,904

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,986,481	94.4%
Program Services	$0
Investment Income	$113,083	5.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,638	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$747,734	19.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,433,213	37.1%

Assets/Debt
Total Assets	$6,448,968
Total Liabilities	$1,372,064
Net Assets	$5,076,904

Compensation

Key Employees and Officers	Compensation	Related	Other
Bruno V Manno (Director)	$0	$0	$0
Stefanie Sanford (Trustee)	$0	$6,000	$0
Rod Paige (Trustee)	$0	$3,000	$0
Caprice Young (Trustee)	$0	$6,000	$0
Ian Rowe (Trustee)	$0	$5,000	$0
David Driscoll (Chairman/Trustee)	$0	$6,000	$0
Thomas A Holton (Secretary And Trustee)	$0	$6,000	$0
Michael W Kelly (Treasurer And Trustee)	$0	$6,000	$0
Chester E Finn Jr (President Emeritus And Trustee)	$0	$250,000	$30,420
Michael Petrilli (President And Trustee)	$0	$367,843	$59,511
Gary Labelle (Vp For Finance And Operations)	$0	$213,500	$38,621
Amber Northern (Senior Vp For Research)	$0	$273,000	$44,190
Chad Aldis (Vp For Ohio Policy And Advocacy)	$0	$169,072	$22,754
Kathryn Mullen Upton (Vp For Sponsorshp And Dayton)	$0	$189,500	$40,735
Victoria Mcdougald (Chief Of Staff)	$0	$133,500	$28,423
Theda L Sampson (Director For Applications And Contracts)	$0	$109,150	$45,904

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990

Filed on Nov. 9, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,050,355

Expenses

$3,139,829

Net Income

-$2,089,474

Net Assets

$6,133,623

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$849,981	80.9%
Program Services	$0
Investment Income	$182,046	17.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$18,328	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$703,665	22.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$813,897	25.9%

Assets/Debt
Total Assets	$7,314,951
Total Liabilities	$1,181,328
Net Assets	$6,133,623

Compensation

Key Employees and Officers	Compensation	Related	Other
Stefanie Sanford (Trustee)	$0	$6,000	$0
Rod Paige (Trustee)	$0	$5,000	$0
Caprice Young (Trustee)	$0	$5,000	$0
Ian Rowe (Trustee)	$0	$5,000	$0
David Driscoll (Chairman/Trustee)	$0	$6,000	$0
Thomas A Holton (Secretary And Trustee)	$0	$6,000	$0
Michael W Kelly (Treasurer And Trustee)	$0	$6,000	$0
Chester E Finn Jr (President Emeritus And Trustee)	$0	$235,500	$28,639
Michael Petrilli (President And Trustee)	$0	$343,200	$56,759
Gary Labelle (Vp For Finance And Operations)	$0	$200,000	$37,098
Amber Northern (Senior Vp For Research)	$0	$256,000	$41,829
Chad Aldis (Vp For Ohio Policy And Advocacy)	$0	$221,500	$44,658
Kathryn Mullen Upton (Vp For Sponsorshp And Dayton)	$0	$172,000	$37,947
Victoria Mcdougald (Chief Of Staff)	$0	$115,987	$25,647
Brandon Wright (Editorial Director)	$0	$110,000	$26,034

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990

Filed on Nov. 2, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$4,932,903

Expenses

$3,434,518

Net Income

$1,498,385

Net Assets

$8,997,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,596,000	93.2%
Program Services	$0
Investment Income	$296,929	6.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$39,974	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$658,097	19.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,230,399	35.8%

Assets/Debt
Total Assets	$10,011,588
Total Liabilities	$1,014,447
Net Assets	$8,997,141

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Petrilli (President And Trustee)	$255,129	$63,782	$54,008
Amber Northern (Senior Vp For Research)	$229,440	$9,560	$48,434
Chad Aldis (Vp For Ohio Policy And Advocacy)	$207,900	$2,100	$44,201
Chester E Finn Jr (President Emeritus And Trustee)	$204,600	$15,400	$26,765
Adam Tyner (Associate Director Of Research)	$103,261	$0	$19,002
Gary Labelle (Vp For Finance And Operations)	$93,000	$93,000	$33,542
Victoria Mcdougald (Chief Of Staff)	$76,706	$19,177	$32,505
Kathryn Mullen Upton (Vp For Sponsorshp And Dayton)	$8,075	$153,425	$34,632
Stefanie Sanford (Trustee)	$3,000	$3,000	$0
Caprice Young (Trustee)	$3,000	$3,000	$0
Ian Rowe (Trustee)	$3,000	$3,000	$0
David Driscoll (Chairman/Trustee)	$3,000	$3,000	$0
Thomas A Holton (Secretary And Trustee)	$3,000	$3,000	$0
Michael W Kelly (Treasurer And Trustee)	$3,000	$3,000	$0
Rod Paige (Trustee)	$2,500	$2,500	$0

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990

Filed on Oct. 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$2,266,040

Expenses

$3,620,616

Net Income

-$1,354,576

Net Assets

$6,514,860

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,147,177	94.8%
Program Services	$0
Investment Income	$101,763	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,100	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$637,360	17.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,272,952	35.2%

Assets/Debt
Total Assets	$6,996,430
Total Liabilities	$481,570
Net Assets	$6,514,860

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Petrilli (President And Trustee)	$245,715	$61,429	$54,790
Amber Northern (Senior Vp For Research)	$216,960	$9,040	$41,850
Chad Aldis (Vp For Ohio Policy And Advocacy)	$199,980	$2,020	$42,442
Chester E Finn Jr (President Emeritus And Trustee)	$199,950	$15,050	$26,166
Robert Pondiscio (Senior Fellow And Vp For External Affairs)	$151,208	$0	$33,974
Adam Tyner (Associate Director Of Research)	$100,750	$0	$18,747
Gary Labelle (Vp For Finance And Operations)	$89,000	$89,000	$33,055
Kathryn Mullen Upton (Vp For Sponsorshp And Dayton)	$7,800	$148,200	$34,560
Stefanie Sanford (Trustee)	$3,000	$3,000	$0
Rod Paige (Trustee)	$3,000	$3,000	$0
Caprice Young (Trustee)	$3,000	$3,000	$0
Bruno V Manno (Trustee)	$3,000	$3,000	$0
David Driscoll (Chairman/Trustee)	$3,000	$3,000	$0
Thomas A Holton (Secretary And Trustee)	$3,000	$3,000	$0
Michael W Kelly (Treasurer And Trustee)	$3,000	$3,000	$0

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990

Filed on Oct. 8, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$2,169,138

Expenses

$3,739,542

Net Income

-$1,570,404

Net Assets

$7,587,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,006,128	92.5%
Program Services	$0
Investment Income	$157,194	7.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,816	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$612,108	16.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,296,311	34.7%

Assets/Debt
Total Assets	$8,441,148
Total Liabilities	$853,533
Net Assets	$7,587,615

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Petrilli (President And Trustee)	$235,235	$58,809	$48,736
Amber Northern (Senior Vp For Research)	$209,760	$8,740	$40,171
Chad Aldis (Vp For Ohio Policy And Advocacy)	$202,703	$2,048	$41,388
Chester E Finn Jr (President Emeritus And Trustee)	$195,300	$14,700	$25,566
Robert Pondiscio (Senior Fellow And Vp For External Affairs)	$157,500	$0	$33,245
Adam Tyner (Associate Director Of Research)	$98,750	$0	$18,362
Gary Labelle (Vp For Finance And Operations)	$85,000	$85,000	$31,616
Caprice Young (Trustee)	$3,000	$3,000	$0
David Driscoll (Chairman/Trustee)	$3,000	$3,000	$0
Thomas A Holton (Secretary And Trustee)	$3,000	$3,000	$0
Michael W Kelly (Treasurer And Trustee)	$3,000	$3,000	$0
Stefanie Sanford (Trustee)	$2,500	$2,500	$0
Rod Paige (Trustee)	$2,500	$2,500	$0
Stephen Dackin (Trustee (End June 2019))	$1,000	$1,000	$0
Kathryn Mullen Upton (Vp For Sponsorshp And Dayton)	$0	$150,000	$32,859

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990

Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$2,736,165

Expenses

$3,641,791

Net Income

-$905,626

Net Assets

$8,129,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,467,100	90.2%
Program Services	$0
Investment Income	$266,806	9.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,259	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$592,664	16.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,241,171	34.1%

Assets/Debt
Total Assets	$8,368,316
Total Liabilities	$238,533
Net Assets	$8,129,783

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$4,236,984

Expenses

$4,344,276

Net Income

-$107,292

Net Assets

$10,096,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,984,595	94.0%
Program Services	$0
Investment Income	$322,857	7.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$70,772
Net Inventory Sales	$0
Other Revenue	$304	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$586,147	13.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,298,584	29.9%

Assets/Debt
Total Assets	$10,340,308
Total Liabilities	$243,329
Net Assets	$10,096,979

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$3,028,775

Expenses

$4,555,594

Net Income

-$1,526,819

Net Assets

$9,486,756

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,799,648	92.4%
Program Services	$0
Investment Income	$206,501	6.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$22,166	0.7%
Net Inventory Sales	$0
Other Revenue	$460	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$562,930	12.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,518,541	33.3%

Assets/Debt
Total Assets	$9,796,650
Total Liabilities	$309,894
Net Assets	$9,486,756

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$4,899,035

Expenses

$4,251,883

Net Income

$647,152

Net Assets

$10,616,461

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,567,320	93.2%
Program Services	$0
Investment Income	$312,311	6.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$18,884	0.4%
Net Inventory Sales	$0
Other Revenue	$520	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,101,462	25.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$785,012	18.5%

Assets/Debt
Total Assets	$10,943,365
Total Liabilities	$326,904
Net Assets	$10,616,461

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$3,739,034

Expenses

$3,926,171

Net Income

-$187,137

Net Assets

$10,741,441

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,466,864	92.7%
Program Services	$0
Investment Income	$250,994	6.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,519	0.5%
Net Inventory Sales	$0
Other Revenue	$3,657	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$538,173	13.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,058,336	27.0%

Assets/Debt
Total Assets	$11,249,634
Total Liabilities	$508,193
Net Assets	$10,741,441

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$4,489,093

Expenses

$2,697,288

Net Income

$1,791,805

Net Assets

$10,889,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,028,344	89.7%
Program Services	$0
Investment Income	$212,087	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$241,914	5.4%
Net Inventory Sales	$0
Other Revenue	$6,748	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$301,997	11.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$731,249	27.1%

Assets/Debt
Total Assets	$11,278,181
Total Liabilities	$389,165
Net Assets	$10,889,016

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,942,542

Expenses

$2,633,127

Net Income

$309,415

Net Assets

$8,750,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,790,215	94.8%
Program Services	$0
Investment Income	$174,524	5.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$26,659
Net Inventory Sales	$0
Other Revenue	$4,462	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$417,183	15.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$750,858	28.5%

Assets/Debt
Total Assets	$8,965,751
Total Liabilities	$214,822
Net Assets	$8,750,929

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,404,897

Expenses

$2,468,778

Net Income

$936,119

Net Assets

$8,002,225

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,266,778	95.9%
Program Services	$0
Investment Income	$144,641	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$6,522
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$368,746	14.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$456,473	18.5%

Assets/Debt
Total Assets	$8,222,875
Total Liabilities	$220,650
Net Assets	$8,002,225

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$2,844,624

Expenses

$2,781,059

Net Income

$63,565

Net Assets

$7,173,157

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,655,789	93.4%
Program Services	$0
Investment Income	$160,896	5.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$27,939	1.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$388,194	14.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$384,799	13.8%

Assets/Debt
Total Assets	$7,284,412
Total Liabilities	$111,255
Net Assets	$7,173,157

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2002

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Raw filing data. Includes EINs and summary financials as structured data.
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Updated December 20, 2024

Thomas B Fordham Institute

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.1M (2023)

Expenses $3.86M (2023)

Total Assets $6.45M (2023)

Total Liabilities $1.37M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$2.1M (2023)

Expenses

$3.86M (2023)

Total Assets

$6.45M (2023)

Total Liabilities

$1.37M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

Fiscal Year Ending Dec.
2009

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2008

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2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

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2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002