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Novo Foundation

Organization summary

Type of Nonprofit

Designated as a 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: Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$333M (2022)

Expenses
$273M (2022)

Total Assets
$545M (2022)

Total Liabilities
$193M (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$332,640,783
Expenses
$273,150,876
Net Income
$59,489,907
Net Assets
$352,015,594
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $308,460,326
92.7%
Interest Revenue $2,067,130
0.6%
Dividends $481,435
0.1%
Sales of Assets $21,707,576
6.5%
Other Income $54,876
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $222,358,590
81.4%
Compensation of Officers* $669,495
0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $545,384,793
Total Liabilities $193,369,199
Net Assets $352,015,594
Compensation
Key Employees and Officers Compensation Other
Gary Schwartz (Senior Director) $371,315 $128,761
Kimberly Mclain (Chief Financial Officer) $354,184 $184,882
Sangeeta Budhiraja (Director Of Programs) $344,793 $167,217
Matthew Tye (Dir Of Org Dev & Lea) $344,793 $166,027
Brooke Pickering Cole (Exec Dir, Farm Hub) $262,106 $111,918
Victoria Sweet (Program Officer) $222,789 $84,315
Mona Williams (Dir Of Finance & Acc) $222,789 $80,438
Jennifer Buffett (Co President) $1 $34,196
Peter Buffett (Co President) $1 $33,131
Aaron Stern (Secretary) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$225,794,389
Expenses
$230,582,511
Net Income
-$4,788,122
Net Assets
$297,920,493
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $223,213,553
98.9%
Interest Revenue $48,492
0.0%
Dividends $327,619
0.1%
Sales of Assets $1,708,733
0.8%
Other Income $515,094
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $252,998,011
> 100%
Compensation of Officers* $532,002
0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $446,815,550
Total Liabilities $148,895,057
Net Assets $297,920,493
Compensation
Key Employees and Officers Compensation Other
Gary Schwartz (Senior Director) $422,935 $90,075
Kimberly Mclain (Chief Financial Officer) $400,488 $139,900
Sangeeta Budhiraja (Senior Director) $394,526 $122,740
Matthew Tye (Senior Director) $391,665 $124,210
Victoria Sweet (Program Officer) $248,084 $75,365
Brooke Pickering Cole (Farm Hub Exec. Dir.) $239,112 $92,834
Jennifer Buffett (Co President/Co Chair) $1 $12,372
Peter Buffett (Co President/Co Chair) $1 $11,960
Aaron Stern (Secretary/Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$236,125,352
Expenses
$128,097,259
Net Income
$108,028,093
Net Assets
$260,568,172
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $154,598,482
65.5%
Interest Revenue $54,023
0.0%
Dividends $1,659,606
0.7%
Sales of Assets $79,813,241
33.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $227,199,885
> 100%
Compensation of Officers* $911,595
0.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $453,240,395
Total Liabilities $192,672,223
Net Assets $260,568,172
Compensation
Key Employees and Officers Compensation Other
Gary Schwartz (Senior Director) $375,061 $58,683
Sangeeta Budhiraja (Program Officer) $355,132 $94,194
Matthew Tye (Director Of Org.) $347,304 $88,542
Kimberly Mclain (Chief Financial Officer/Int. Coo) $331,980 $74,941
Jody Myrum (Director) $256,069 $155,905
Puja Dhawan (Director) $237,405 $98,924
Kelly Merryman (Chief Operating Officer (Thru 6/30/20)) $211,956 $486,906
Jennifer Buffett (Co President/Treasurer/Director) $1 $11,577
Peter Buffett (Co President/Director) $1 $11,739
Aaron Stern (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$396,208,057
Expenses
$289,299,874
Net Income
$106,908,183
Net Assets
$289,327,910
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $192,802,804
48.7%
Interest Revenue $245,500
0.1%
Dividends $3,189,096
0.8%
Sales of Assets $199,970,657
50.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $272,961,114
94.4%
Compensation of Officers* $956,813
0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $593,621,324
Total Liabilities $304,293,414
Net Assets $289,327,910
Compensation
Key Employees and Officers Compensation Other
Pamela Shifman (Executive Direc. Thru 12/31/19) $453,906 $1,078,361
Kelly Merryman (Chief Operating Officer) $368,674 $66,315
Gary Schwartz (Senior Director) $346,456 $69,701
Jody Myrum (Director) $258,447 $98,001
Matthew Tye (Director Of Org.) $254,620 $68,811
Sangeeta Budhiraja (Program Officer) $235,785 $73,546
Joseph Voeller (Director Of Comm.) $235,511 $39,904
Kimberly Mc Lain (Int. Chief Op. Off As Of 8/19) $134,231 $0
Jennifer Buffett (Co President/Treasurer/Dir) $1 $11,587
Peter Buffett (Co President/ Director) $1 $11,350
Aaron Stern (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$204,494,962
Expenses
$386,856,522
Net Income
-$182,361,560
Net Assets
$360,659,622
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $181,560,192
88.8%
Interest Revenue $576,048
0.3%
Dividends $3,307,972
1.6%
Sales of Assets $19,050,750
9.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $276,454,494
71.5%
Compensation of Officers* $767,212
0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $660,727,753
Total Liabilities $300,068,131
Net Assets $360,659,622
Compensation
Key Employees and Officers Compensation Other
Pamela Shifman (Executive Director) $430,468 $79,194
Kelly Merryman (Chief Operating Officer) $336,742 $108,195
Gary Schwartz (Senior Director) $304,419 $59,960
Jody Myrum (Senior Manager) $224,408 $61,277
Joseph Voeller (Dir Of Communication) $224,301 $37,734
Mona Williams (Director Of Finance) $180,248 $41,588
Puja Dhawan (Initiative Director) $176,856 $61,643
Jennifer Buffett (Co President/Treasurer/Dir) $1 $10,227
Peter Buffett (Co President/ Director) $1 $10,227
Aaron Stern (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$173,322,940
Expenses
$148,042,962
Net Income
$25,279,978
Net Assets
$509,039,928
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $152,903,265
88.2%
Interest Revenue $37,737
0.0%
Dividends $191,493
0.1%
Sales of Assets $20,190,445
11.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $118,374,952
80.0%
Compensation of Officers* $358,232
0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $651,666,779
Total Liabilities $142,626,851
Net Assets $509,039,928
Compensation
Key Employees and Officers Compensation Other
Pamela Shifman (Executive Director) $358,230 $54,021
Gary Schwartz (Senior Director) $276,097 $44,348
Kelly Merryman (Dir Of Finance & Op) $256,584 $88,833
Joseph Voeller (Dir Of Communication) $189,169 $31,893
Jody Myrum (Senior Manager) $180,898 $39,564
Puja Dhawan (Initiative Director) $176,048 $48,956
Jennifer Buffett (Co President/Treasurer/Directo) $1 $12,168
Peter Buffett (Co President/ Director) $1 $8,832
Aaron Stern (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$156,441,003
Expenses
$95,915,729
Net Income
$60,525,274
Net Assets
$409,921,938
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,980,361
96.5%
Interest Revenue $39,499
0.0%
Dividends $121,090
0.1%
Sales of Assets $5,296,725
3.4%
Other Income $3,328
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $94,685,148
98.7%
Compensation of Officers* $367,272
0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $528,162,041
Total Liabilities $118,240,103
Net Assets $409,921,938
Compensation
Key Employees and Officers Compensation Other
Pamela Shifman (Executive Director) $367,270 $57,278
Gary Schwartz (Senior Director) $275,348 $52,984
Kelly Merryman (Dir Of Finance & Op) $241,637 $48,408
Puja Dhawan (Initiative Director) $193,634 $72,421
Jody Myrum (Senior Manager) $183,058 $49,748
Joseph Voeller (Dir Of Communication) $180,142 $28,625
Jennifer Buffett (Co President/Treasurer/Directo) $1 $8,329
Peter Buffett (Co President/ Director) $1 $8,329
Aaron Stern (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$157,258,145
Expenses
$107,232,270
Net Income
$50,025,875
Net Assets
$407,247,523
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $149,743,329
95.2%
Interest Revenue $9,831
0.0%
Dividends $112,218
0.1%
Sales of Assets $7,392,767
4.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $94,323,984
88.0%
Compensation of Officers* $355,081
0.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $527,185,379
Total Liabilities $119,937,856
Net Assets $407,247,523
Compensation
Key Employees and Officers Compensation Other
Pamela Shifman (Executive Director) $292,217 $62,129
Kelly Merryman (Dir Of Finance & Op) $198,834 $31,704
Puja Dhawan (Initiative Director) $163,421 $46,490
Gary Schwartz (Senior Director) $142,128 $13,328
Jody Myrum (Senior Manager) $140,272 $31,762
Kerri Kleven (Director Grant Admin) $102,624 $38,718
Jennifer Buffett (Co President/Treasurer/Directo) $62,863 $32,295
Peter Buffett (Co President/ Director) $1 $4,748
Aaron Stern (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$150,280,680
Expenses
$115,717,881
Net Income
$34,562,799
Net Assets
$286,168,557
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $140,551,996
93.5%
Interest Revenue $6,770
0.0%
Dividends $29,565
0.0%
Sales of Assets $9,692,349
6.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $71,941,893
62.2%
Compensation of Officers* $150,010
0.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $395,245,222
Total Liabilities $109,076,665
Net Assets $286,168,557
Compensation
Key Employees and Officers Compensation Other
Pamela Shifman (Initiative Director) $250,929 $68,710
Kelly Merryman (Dir Of Finance & Op) $180,559 $34,244
Jennifer Buffett (Pres/Co Chair/Treasurer/Direc) $150,010 $38,166
Pamela Mcveagh Lally (Initiative Manager) $148,073 $23,165
Puja Dhawan (Initiative Manager) $140,620 $35,732
Robert Sherman (Initiative Director) $128,160 $18,069
Peter Buffett (Co Chair/ Director) $0 $0
Aaron Stern (Secretary/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$57,983,303
Expenses
$43,548,350
Net Income
$14,434,953
Net Assets
$200,696,839
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $53,089,976
91.6%
Interest Revenue $6,441
0.0%
Dividends $44,732
0.1%
Sales of Assets $4,845,921
8.4%
Other Income -$3,767
Notable Expenses Percent of Total Expenses
Charitable Disbursements $62,552,448
> 100%
Compensation of Officers* $155,098
0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $264,168,686
Total Liabilities $63,471,847
Net Assets $200,696,839

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$59,807,033
Expenses
$48,383,783
Net Income
$11,423,250
Net Assets
$159,958,224
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $51,808,325
86.6%
Interest Revenue $6,840
0.0%
Dividends $49,191
0.1%
Sales of Assets $7,942,677
13.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,550,612
> 100%
Compensation of Officers* $211,154
0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $243,196,104
Total Liabilities $83,237,880
Net Assets $159,958,224

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2000

No Extracted Financial Data

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

Document Links

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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