2024-02-09T10:49:44-06:00 2023-09-30 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2022-10-01 841970428 THE MOTLEY FOOL FOUNDATION MOTL 2027706968 2000 DUKE STREET 2 ALEXANDRIA VA 22314 JENNIFER GENNARO OXLEY EXECUTIVE DIRECTOR 2027706968 2024-02-08 1 JENNIFER GENNARO OXLEY 999009999 1 AARON M FOX P01365820 2028225000 2024-02-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JENNIFER GENNARO OXLEY 2000 DUKE STREET 2 ALEXANDRIA VA 22314 5345895 0 X FOOLFOUNDATION.ORG X 2019 DE THE FOUNDATION'S VISION IS FINANCIAL FREEDOM FOR ALL WITH A PURPOSE TO FIND, FUND, AND AMPLIFY INNOVATIVE SOLUTIONS THAT ENABLE STRIVERS TO BECOME THRIVERS. THE FOUNDATION STRATEGICALLY DEPLOYS ITS ASSETS TO DRIVE INNOVATIVE INVESTMENTS, ENGAGEMENT, AWARENESS, AND SUSTAINABILITY. 9 9 0 23 0 0 15910138 337022 0 0 -97742 315377 0 0 15812396 652399 226000 185740 0 0 753245 967246 0 0 524053 1586792 1296067 2566037 2449053 13246359 -1796654 13206539 12275568 140445 112024 13066094 12163544 X THE FOUNDATION'S MISSION IS TO CREATE PATHWAYS TO FINANCIAL FREEDOM FOR THOSE LIVING PAYCHECK TO PAYCHECK. THE FOUNDATION IS A PUBLIC CHARITY THAT RELIES ON RAISING FUNDS FROM THE PUBLIC TO SCALE OUR PROGRAMS AND IMPACT. 0 0 762974 185740 THE FOUNDATION'S PROGRAMS WERE FOCUSED ON ACHIEVING FINANCIAL FREEDOM FOR ALL. THE FOUNDATION BELIEVES THAT FIVE KEY DRIVERS ENABLE FINANCIAL FREEDOM FOR AMERICANS LIVING BETWEEN POVERTY AND WEALTH: EDUCATION, HEALTH, MONEY, WORK, AND HOUSING. THESE DRIVERS COMPRISE "THE SYSTEM, AND WHEN THEY WORK TOGETHER, PEOPLE ADVANCE FINANCIALLY. WHEN THEY DON'T, PEOPLE ARE LEFT BEHIND. OUR GOAL IS TO BREAK DOWN SILOS BETWEEN THESE DRIVERS AND THE BARRIERS HOLDING PEOPLE BACK. IT TAKES A SPECIAL KIND OF PERSON TO CREATE BREAKTHROUGHS, AND THE FOUNDATION IS WORKING TO FIND THEM, CONNECT THEM, LEARN FROM THEM, HELP THEM GO FURTHER AND FASTER WITH TARGETED INVESTMENTS, AND BY AMPLIFYING WHAT THEY DO. WE CALL THEM RULE BREAKERS. IN 2023, THE FOUNDATION CONTINUED TO INVEST IN INDIVIDUALS AND ORGANIZATIONS THAT IS IDENTIFIED AS "RULE BREAKERS". THESE RULE BREAKERS WORK ACROSS THE COUNTRY WITH THE UNBANKED AND UNDERBANKED, DEVELOPING BLACK RURAL ENTREPRENEURS, ACQUIRING AND PRESERVING AFFORDABLE HOUSING, INCREASING FINANCIAL FREEDOM FOR LOW-INCOME AND IMMIGRANT COMMUNITIES, GIVING SUPPORT TO UNDERREPRESENTED STUDENTS STRIVING FOR HIGHER EDUCATION, PROVIDING ENTREPRENEURSHIP TRAINING, DEVELOPING SUSTAINABLE TRANSPORTATION, AND PROVIDING ACCESS TO HEALTHY FOOD. THE GROUNDWORK WAS ALSO LAID TO FURTHER EXPAND THIS COHORT AND TO CONNECT THEM WITH EACH OTHER AND THE FOUNDATION'S COMMUNITIES.ADDITIONALLY, INFRASTRUCTURE WAS DEVELOPED TO FIND AND CONVENE A SET OF RULE BREAKERS AND COMMUNITY LEADERS IN ONE GEOGRAPHIC LOCATION TO DEVELOP SOLUTIONS ACROSS ALL FIVE DRIVERS TO PROVIDE EQUITABLE PATHWAYS TO FINANCIAL FREEDOM FOR AN ENTIRE POPULATION. 90975 THE FOUNDATION MADE A NUMBER OF SMALL GRANTS TO OTHER 501C3 ORGANIZATIONS THAT WORK WITHIN THE FIVE DRIVERS OF FINANCIAL FREEDOM AND IN CONJUNCTION WITH FOUNDATION VOLUNTEER EFFORTS AND TIME SPENT WITH EACH GRANTEE. 4765 THE FOUNDATION CREATED THE SPARKS LAB ON ITS WEBSITE AS A PLACE TO POST CONTENT THAT RELATES TO INSIGHTS AROUND THE FIVE DRIVERS OF FINANCIAL FREEDOM AND FOR USE AS A PLACE TO RESEARCH, EXPLORE, AND LEARN ABOUT THEM. PART OF THE CONTENT IS A VIDEO SERIES CONTAINING CONVERSATIONS WITH THE FOUNDATION RULE BREAKERS AND OTHERS WORKING IN THE DRIVERS. THE FOUNDATION ALSO USES THIS SITE TO SOLICIT IDEAS FOR FUTURE WORK. 89798 OTHER PROGRAM EXPENSES INCLUDED GENERAL AND ADMINISTRATIVE SUPPORT AND MARCOMM FOR EXISTING PROGRAMS, AND DEVELOPMENT EXPENSES FOR FUTURE PROGRAMS. 89798 948512 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 11 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA DC FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X JEFF HASLOW 2027706968 2000 DUKE STREET FL 2 ALEXANDRIA VA 22314 DAVID GARDNER CHAIR 2.00 0.00 X X 0 0 0 OLLEN DOUGLASS FINANCE CHAIR 1.00 0.00 X 0 0 0 MARGARET GARDNER GOVERNANCE CHAIR 1.00 0.00 X 0 0 0 ELAINE HUNGENBERG BOARD MEMBER 1.00 0.00 X 0 0 0 SEAN MILLIKEN BOARD MEMBER 1.00 0.00 X 0 0 0 MELISSA BRADLEY BOARD MEMBER (AS OF 11/2022) 1.00 0.00 X 0 0 0 SYLVIA SIERRA BOARD MEMBER (AS OF 11/2022) 1.00 0.00 X 0 0 0 BERNITA BAILEY BOARD MEMBER (AS OF 05/2023) 1.00 0.00 X 0 0 0 NEIL GRAYSON BOARD MEMBER (AS OF 05/2023) 1.00 0.00 X 0 0 0 TRISH COSTELLO BOARD MEMBER (UNTIL 05/2023) 1.00 0.00 X 0 0 0 NEEL SHAH BOARD MEMBER (UNTIL 05/2023) 1.00 0.00 X 0 0 0 JENNIFER GENNARO OXLEY EXECUTIVE DIRECTOR 40.00 0.00 X 256378 0 29386 ALAN TOBIAS SECRETARY - UNTIL 03/2023 40.00 0.00 X 140605 0 14396 JEFF HASLOW TREASURER 20.00 25.00 X 0 0 0 MARTINE CRUISE SECRETARY (AS OF 03/2023) 40.00 0.00 X 0 0 0 GEORGE KHALAF PROGRAM DIRECTOR 40.00 0.00 X 210438 0 34839 JACKIE LEACH MAJOR GIFTS OFFICER 40.00 0.00 X 112583 0 8629 720004 0 87250 4 0 1 0 MELLONAID 9650 STRICKLAND RD SUITE 103-206 RALEIGH NC 27615 MARCOMM MANAGEMENT AND SUPPORT 354252 COMMUNITY COUNSELING SERVICE 527 MADISON AVE 5TH FL NEW YORK NY 10022 DONOR ADVISORY 195091 MICHAEL GARDNER 2301 37TH STREET NW WASHINGTON DC 20007 MARKETING 140500 3 337022 82580 337022 287769 287769 4721104 4693496 27608 27608 27608 652399 0 0 315377 X 180740 180740 5000 5000 802032 264670 176446 360916 50668 17201 11665 21802 10863 2076 12160 -3373 41952 18580 -8250 31622 61731 16948 21785 22998 3982 2161 90 1731 83535 83535 43801 43801 638072 397703 240369 283892 283892 9437 985 8353 99 117588 18585 32242 66761 9105 2445 3212 3448 50235 15463 21364 13408 17576 5332 7983 4261 19342 19342 9240 9240 CULTURE & TEAM BUILDING 6095 623 5092 380 REGISTR. & FILING FEES 4167 4167 2449053 948512 976488 524053 4679684 3442382 888147 272688 19792 37212 77367 30929 65779 46438 7553137 8226842 250006 13206539 12275568 54255 33044 86190 78980 140445 112024 X 12177947 11890856 888147 272688 13066094 12163544 13206539 12275568 X -1796654 1034104 -140000 X 0 1 X 1 0 X 1000221 1593209 15910138 337022 18840590 1000221 1593209 15910138 337022 18840590 16857034 1983556 5004 757 65022 287769 358552 19199142 X SCHEDULE A, PART II, SECTION A: THE MOTLEY FOOL FOUNDATION WAS FORMED IN MAY 2019, THUS THE 2018 COLUMN REPRESENTS A SHORT-YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77367 30929 46438 46438 DUE TO THE MOTLEY FOOL, LLC 78980 78980 X 1701116 1034104 198414 -140000 1092518 608598 43801 43801 652399 2603666 198414 198414 2405252 43801 43801 2449053 PART X, LINE 2: THE FOUNDATION REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE, OR REFLECT, ANY UNCERTAIN TAX POSITIONS. 1 MILL COMMUNITY MINISTRIES DBA VILLAGE LAUNCH 1186 PENDLETON ST GREENVILLE SC 29611 900854058 501 C (3) 75000 0 GENERAL OPERATING GRANT BEYOND 12 EDUCATION INC 1625 CLAY STREET NO 100 OAKLAND CA 94612 271275246 501 C (3) 75000 0 GENERAL OPERATING GRANT 2 0 PART I, LINE 2: FOR GRANTS OVER $50,000, THE GRANTEES WERE EVALUATED BASED ON DOING WORK WITH POPULATION SEGMENTS THAT MEET OUR MISSION, VISION, AND PURPOSE. EACH GRANTEE MUST MAINTAIN THEIR 501C3 STATUS, FILE REQUIRED TAX RETURNS, AND ABIDE BY A CODE OF CONDUCT. THE PROGRAM DIRECTOR HAS REGULAR MEETINGS WITH THE GRANTEES TO MONITOR THEIR PROGRESS AND INCORPORATE THEM INTO THE FOUNDATION'S PROGRAMS AND NETWORK. FOR GRANTS UNDER $50,000, THE 501C3 STATUS OF THE ORGANIZATION IS VERIFIED AND THE GENERAL REPUTATION OF THE ORGANIZATION IS CONSIDERED ALONG WITH ITS MATCH TO THE ORGANIZATION'S MISSION, VISION, AND PURPOSE. X X X X X 0 0 0 0 0 0 0 1 0 JENNIFER GENNARO OXLEY EXECUTIVE DIRECTOR 211771 0 1500 0 43107 0 12706 0 16680 0 285764 0 0 0 GEORGE KHALAF PROGRAM DIRECTOR 205000 0 500 0 4938 0 10763 0 24076 0 245277 0 0 0 ALAN TOBIAS SECRETARY - UNTIL 03/2023 97538 0 1500 0 41567 0 5852 0 8544 0 155001 0 0 0 PART I, LINE 7 DURING THE CALENDAR YEAR 2022, JENNIFER GENNARO OXLEY RECEIVED A NON-FIXED BONUS IN THE AMOUNT OF $1,000 PAID ON 4/1/2022 AND $500 PAID ON 9/22/2022. ALAN TOBIAS RECEIVED A NON-FIXED BONUS IN THE AMOUNT OF $1,000 PAID ON 4/1/2022 AND $500 PAID ON 9/22/2022. GEORGE KHALAF RECEIVED A NON-FIXED BONUS IN THE AMOUNT OF $500 PAID ON 9/22/2022. JACKIE LEACH RECEIVED A NON-FIXED BONUS IN THE AMOUNT OF $500 PAID ON 9/22/2022. ALL WERE DISCRETIONARY SPOT BONUSES DETERMINED BY THE EMPLOYEE'S DIRECT SUPERVISOR BASED ON A SPECIFIC RECOGNITION EVENT AND DETERMINED AFTER THE FACT. X 5 82580 FMV 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS OF EACH TYPE OF PROPERTY. FORM 990, PART V, LINE 2A: FOUNDATION EMPLOYEES ARE COMPENSATED UNDER A SHARED SERVICES AGREEMENT WITH THE MOTLEY FOOL, LLC (THE LLC). THE TOTAL NUMBER OF EMPLOYEES SHARED WITH THE LLC FOR CALENDAR YEAR 2022 IS 6. EMPLOYEES RECEIVE A FORM W-2 FROM THE LLC. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS DAVID GARDNER, MARGARET GARDNER, AND OLLEN DOUGLASS, AND TREASURER, JEFF HASLOW, HAVE A BUSINESS RELATIONSHIP WITH THE SOLE MEMBER OF THE ORGANIZATION, THE MOTLEY FOOL HOLDINGS, INC. BOARD MEMBERS DAVID GARDNER AND MARGARET GARDNER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS A SHARED SERVICES AGREEMENT UNDER WHICH IT LEASES EMPLOYEES FROM THE MOTLEY FOOL LLC (THE LLC). SOME MANAGEMENT DUTIES ARE DELEGATED UNDER THIS AGREEMENT INCLUDING HIRING AND FIRING PROCESSES (BUT NOT THE INDIVIDUAL HIRING AND FIRING DECISION), ONBOARDING, BENEFITS ADMINISTRATION, EMPLOYEE DEVELOPMENT, FACILITIES MANAGEMENT, AND CERTAIN TECHNOLOGY DEPLOYMENT, MAINTENANCE, AND ADMINISTRATION. THE LLC ALSO PROVIDES IN-KIND SERVICES RELATED TO PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS, LEGAL REVIEW, AND COMMUNICATIONS. DURING CALENDAR YEAR 2022, THE FOLLOWING OFFICER(S) RECEIVED REPORTABLE COMPENSATION FROM THE MANAGEMENT COMPANY FOR SERVICES PROVIDED TO THE FOUNDATION: - JEFF HASLOW, $149,495 FORM 990, PART VI, SECTION A, LINE 6 THE MOTLEY FOOL HOLDINGS, INC., IS THE SOLE MEMBER OF THE MOTLEY FOOL FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE MOTLEY FOOL HOLDINGS, INC., THE SOLE MEMBER OF THE MOTLEY FOOL FOUNDATION, CAN APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY THE MOTLEY FOOL HOLDINGS, INC., THE SOLE MEMBER OF THE MOTLEY FOOL FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL, EXPERIENCED PROFESSIONAL ORGANIZATION BASED ON INPUT FROM THE FOUNDATION. PRIOR TO FILING THE FORM, THE TREASURER AND EXECUTIVE DIRECTOR REVIEW THE 990 AND THEN PRESENT IT TO THE BOARD OF TRUSTEES FOR REVIEW. CHANGES ARE MADE TO THE 990 AS NEEDED BASED ON THESE REVIEWS. IF ANY CHANGES ARE MADE, THE FORM GOES BACK THROUGH THE REVIEW PROCESS WITH THE TREASURER, EXECUTIVE DIRECTOR, AND BOARD. THE FORM IS APPROVED FOR FILING ONCE THE FINAL REVIEWS ARE COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, KEY EMPLOYEES, AND OFFICERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY DURING ONBOARDING AND SIGN A STATEMENT AFFIRMING RECEIPT, UNDERSTANDING, AND COMPLIANCE WITH THE POLICY. EACH PERSON ALSO AFFIRMS THAT THEY UNDERSTAND THAT THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION AND THAT, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. THESE STATEMENTS ARE REVIEWED AND RENEWED EACH FEBRUARY. PERIODIC REMINDERS ARE ALSO GIVEN IN MEETINGS THAT THE POLICY IS IN FORCE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION WORKS WITH THE PROVIDER OF ITS SHARED EMPLOYEES TO ESTABLISH COMPENSATION RANGES FOR EACH POSITION BASED ON PUBLISHED SURVEYS OF NON-PROFIT SALARIES AND CONSULTATION WITH THE CRONER COMPANY, A PROVIDER OF COMPENSATION BENCHMARKS. RECOMMENDATIONS FOR COMPENSATION CHANGES ARE MADE BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, TAX FORM 990, AND STATE CHARITABLE DOCUMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND BY REQUEST. OTHER GOVERNANCE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G MARKETING - OTHER: PROGRAM SERVICE EXPENSES 6,000. MANAGEMENT AND GENERAL EXPENSES 219,150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225,150. INTERNS AND TEMPORARY HELP: PROGRAM SERVICE EXPENSES 41,703. MANAGEMENT AND GENERAL EXPENSES 21,219. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,922. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 350,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 350,000. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES -140,000. THE MOTLEY FOOL LLC 2000 DUKE STREET FL 2 ALEXANDRIA VA 22314 541742975 FINANCIAL PUBLISHING DE 0 0 THE MOTLEY FOOL HOLDINGS INC THE MOTLEY FOOL HOLDINGS INC 2000 DUKE STREET FL 2 ALEXANDRIA VA 22314 263335778 PARENT - HOLDING COMPANY DE N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0