2024-11-14T12:24:10-06:00 2023-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-01-01 520741393 LOGISTICS MANAGEMENT INSTITUTE LOGI 7039179800 7940 JONES BRANCH DRIVE 600 MCLEAN VA 22102 STEPHANIE DEFINO CFO 7039179800 2024-11-13 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2024-11-12 2023 2024-10-15 13:58:12Z NOBLEREACH FOUNDATION PASQUALE M TAMBURRINO J 7940 JONES BRANCH DRIVE 600 MCLEAN VA 22102 124826257 0 X NOBLEREACHFOUNDATION.ORG X 1961 DE NOBLEREACH'S MISSION IS TO DEVELOP AND MOBILIZE AMERICA'S TOP TALENT AND INNOVATION NETWORKS ACROSS ACADEMIA, INDUSTRY, AND GOVERNMENT FOR HIGH-IMPACT SOLUTIONS THAT STRENGTHEN THE SECURITY AND PROSPERITY OF OUR NATION. OUR VISION IS TO INSPIRE AND CATALYZE A RENEWED SPIRIT OF NATIONAL SERVICE BY UNITING THE BEST AND THE BRIGHTEST MINDS TO SOLVE OUR NATION'S MOST PRESSING CHALLENGES 9 8 49 2 0 0 0 7426233 341380670 44573654 257374532 11708422 0 85030 598755202 63793339 0 0 0 0 182034693 11352688 0 0 0 156928571 59490733 338963264 70843421 259791938 -7050082 409500625 437956433 26134128 24003972 383366497 413952461 X SEE SCHEDULE O 1 0 61000094 44658684 IN 2023, THE COMPANY'S FIRST FULL YEAR OPERATING AS NOBLEREACH, WE LAUNCHED AND BEGAN TO SCALE THREE MAIN AREAS OF PROGRAM SERVICE: ACADEMIC PARTNERSHIPS, INNOVATION, AND TALENT PROGRAMS.ACADEMIC PARTNERSHIPS. NOBLEREACH IS EXPANDING AND DEEPENING ITS ACADEMIC PARTNERSHIPS WITH A DIVERSE RANGE OF COLLEGES AND UNIVERSITIES THROUGH CASE COMPETITIONS, CONVENINGS, AND CURRICULUM OFFERINGS. IN 2023, WE HOSTED ENTREPRENEURSHIP AND PUBLIC SERVICE CASE COMPETITIONS WITH HOWARD UNIVERSITY AND GEORGIA SOUTHERN CASE SCHOOL OF BUSINESS AND ARE DEVELOPING ADDITIONAL PARTNERSHIPS WITH OTHER UNIVERSITIES TO LAUNCH PUBLIC SERVICE-FOCUSED PROGRAMS AND CURRICULA IN 2024. INNOVATION. NOBLEREACH'S PARTNERSHIP WITH THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY SUCCESSFULLY HELPED COMMERCIALIZE OVER 100 GOVERNMENT-FUNDED TECHNOLOGIES AND VENTURES. OUR PARTNERSHIP WITH THE NATIONAL SCIENCE FOUNDATION'S TECHNOLOGY, INNOVATION, AND PARTNERSHIPS DIRECTORATE HELPED TRANSLATE AND COMMERCIALIZE THE IMPACTFUL WORK OF NEARLY A DOZEN NSF-FUNDED RESEARCHERS. 21674 TALENT. NOBLEREACH LAUNCHED ITS FIRST INTERNSHIP PROGRAM - AN EXPERIENTIAL LEARNING OPPORTUNITY TO HELP INSPIRE AND EDUCATE UNDERGRADUATE STUDENTS TO CONSIDER THE PROMISE AND IMPORTANCE OF GOVERNMENT SERVICE AS PART OF A SUCCESSFUL CAREER. IN 2023, WE ALSO BEGAN CREATING THE INFRASTRUCTURE AND RECRUITING TO LAUNCH THE INAUGURAL CLASS OF NOBLEREACH'S SCHOLARS PROGRAM IN AUGUST 2024. 61021768 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 60 0 1 49 1 0 1 LY SA 0 0 0 0 0 0 0 0 1 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEPHANIE DEFINO 7039179800 7940 JONES BRANCH DRIVE 600 MCLEAN VA 22102 ANN DUNWOODY BOARD DIRECTOR 1.00 X 91500 0 0 ARUN GUPTA CEO 40.00 X X 1030473 0 40928 CONSTANTINE SAAB BOARD DIRECTOR 1.00 X 75000 0 0 DAVE MCCURDY BOARD DIRECTOR 1.00 X 91500 0 0 LESLIE SMITH BOARD DIRECTOR 1.00 X 75000 0 0 LISA DISBROW BOARD CHAIR 1.00 X X 106500 0 0 RAQUEL BONO BOARD DIRECTOR 1.00 X 75000 0 0 ROBERT DAIL BOARD DIRECTOR 1.00 X 91500 0 0 TODD STOTTLEMYER BOARD DIRECTOR 1.00 X 75000 0 0 PASQUALE M TAMBURRINO JR CAO & TREASURER 40.00 X 829667 0 26388 CLAUDE DAVIS SVP, FIN.&CONTRACTS 40.00 X 377988 0 58505 LINDA BIXBY EVP, ACADEMIC PROG 40.00 X 466070 0 34585 MICHAEL BRENNAN OUTGOING CIO/CTO 40.00 X 450777 0 46517 SHARON HAYS OUTGOING CHIEF RES. OFFICER 40.00 X 848284 0 24807 CHARLENE MARINI SR. COMMERCIALIZATION ADVISOR 40.00 X 309353 0 37650 GLENN GAFFNEY FELLOW 40.00 X 600112 0 27196 GREER PERSON SR. COMMERCIALIZATION ADVISOR 40.00 X 323085 0 20008 PETROS KOTIDIS SR. COMMERCIALIZATION ADVISOR 40.00 X 362810 0 13333 SIMON DAVIDSON PRESIDENT, NOBLEREACH EMERGE 40.00 X 633291 0 51447 6912910 0 381364 26 0 1 0 VENABLE LLP PO BOX 62727 BALTIMORE MD 21264 LEGAL SERVICES 821538 COHNREZNICK 14 SYLVAN WAY 3RD FLOOR PARISPPANY NJ 07054 ACCOUNTING SERVICES 561562 APPIAN PARTNERS LLC 502 SCRIMSHAW WAY SEVERNA PARK MD 21146 CONSULTING SERVICES 551628 17-09 LLC 6 SHIRLEY ROAD WELLESLEY MA 02482 STRATEGIC CONSULTANT 513530 KPV ADVISORS LLC 10 BLANCHARD STREET MARBLEHEAD MA 01945 CONSULTING SERVICES 485025 12 7426233 7426233 CONTRACTED SERVICES 541900 44573654 44573654 44573654 11075095 11075095 61666245 61032918 633327 633327 633327 85030 85030 85030 63793339 44658684 0 11708422 4930669 3648986 1281683 4917512 3679342 1238170 291856 167740 124116 572854 329240 243614 639797 367715 272082 784722 451008 333714 1235588 1235588 684826 684826 4092876 3307053 785823 466473 200152 266321 218900 125810 93090 538786 363604 175182 158 158 4307120 2475459 1831661 215927 158163 57764 334655 193305 141350 1082207 973200 109007 195099 112131 82968 PASSTHROUGH EXPENSES 44749180 44315880 433300 DUES 138252 79459 58793 BUSINESS TAXES 48792 55072 -6280 397172 18291 378881 70843421 61021768 9821653 0 49916782 19668407 6500028 12077143 3546992 1106583 865311 1161411 4775060 4208316 487832 566744 322283652 381218410 24926996 21145003 973032 1012732 409500625 437956433 3848526 4308110 22285602 19695862 26134128 24003972 X 383366497 413952461 383366497 413952461 409500625 437956433 -7050082 37636046 0 X 0 1 X 1 1 1 X 7426233 7426233 95325913 399461982 421728905 341380670 44573654 1302471124 95325913 399461982 421728905 341380670 51999887 1309897357 0 64666471 265526512 271773238 215952780 32794169 850713170 64666471 265526512 271773238 215952780 32794169 850713170 459184187 468204 1032751 159138 5110181 11075095 17845369 468204 1032751 159138 5110181 11075095 17845369 400681 21672 85030 507383 95794117 400895414 421909715 346490851 63160012 1328250109 0.34570 0.34820 0.01340 0.00550 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 400,681. 2021 AMOUNT: $ 21,672. 2023 AMOUNT: $ 85,030. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 708313 312196 396117 1482671 1434680 47991 2584076 2461440 122636 566744 DEFERRED RENT LIABILITY 19695862 19695862 X 57614072 37636046 -43730283 -6094237 63708309 85030 85030 63793339 27067808 -45330 -45330 27113138 43730283 43730283 70843421 PART X, LINE 2: LOGISTIC MANAGEMENT INSTITUTE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE EXCEPT FOR UNRELATED BUSINESS INCOME. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S CONSOLIDATED FINANCIAL STATEMENT AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMPANY HAS EVALUATED AND DETERMINED THERE ARE NO UNRECOGNIZED TAX EXPOSURE AND UNCERTAIN TAX POSITION AS OF DECEMBER 31 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS PASSTHROUGH EXPENSES -43,730,283. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OTHER INCOME 85,030. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OTHER INCOME -85,030. RELATED ORGANIZATION EXPENSES 39,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS PASSTHROUGH EXPENSES 43,730,283. MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES LEGAL SERVICES 68810 0 0 0 0 0 0 68810 0 68810 0 0 0 0 0 1 X X X X X 0 0 0 1 0 1 0 0 0 ARUN GUPTA CEO 716203 0 313000 0 1270 0 23100 0 17828 0 1071401 0 0 0 SHARON HAYS OUTGOING CHIEF RES. OFFICER 216642 0 630127 0 1515 0 23100 0 1707 0 873091 0 0 0 PASQUALE M TAMBURRINO JR CAO & TREASURER 310348 0 514976 0 4343 0 23100 0 3288 0 856055 0 0 0 SIMON DAVIDSON PRESIDENT, NOBLEREACH EMERGE 367167 0 263750 0 2374 0 23100 0 28347 0 684738 0 0 0 GLENN GAFFNEY FELLOW 375469 0 221000 0 3643 0 23100 0 4096 0 627308 0 0 0 LINDA BIXBY EVP, ACADEMIC PROG 298325 0 164102 0 3643 0 23100 0 11485 0 500655 0 0 0 MICHAEL BRENNAN OUTGOING CIO/CTO 202550 0 247417 0 810 0 23100 0 23417 0 497294 0 0 0 CLAUDE DAVIS SVP, FIN.&CONTRACTS 257284 0 119441 0 1263 0 23100 0 35405 0 436493 0 0 0 PETROS KOTIDIS SR. COMMERCIALIZATION ADVISOR 249167 0 110000 0 3643 0 11367 0 1966 0 376143 0 0 0 CHARLENE MARINI SR. COMMERCIALIZATION ADVISOR 230668 0 77875 0 810 0 17660 0 19990 0 347003 0 0 0 GREER PERSON SR. COMMERCIALIZATION ADVISOR 229233 0 90375 0 3477 0 18146 0 1862 0 343093 0 0 0 PART I, LINE 5 REGULAR FULL-TIME EMPLOYEES MAY BE ELIGIBLE FOR DISCRETIONARY ANNUAL PERFORMANCE BONUSES. THE PURPOSE OF THESE DISCRETIONARY BONUSES IS TO FOCUS, MOTIVATE, AND REWARD EMPLOYEES FOR THE ACHIEVEMENT OF GOALS AND OUTCOMES THAT, IN THE NEAR TERM, ADVANCE THE COMPANY'S MISSION. PART I, LINE 6 REGULAR FULL-TIME EMPLOYEES MAY BE ELIGIBLE FOR DISCRETIONARY ANNUAL PERFORMANCE BONUSES. THE PURPOSE OF THESE DISCRETIONARY BONUSES IS TO FOCUS, MOTIVATE, AND REWARD EMPLOYEES FOR THE ACHIEVEMENT OF GOALS AND OUTCOMES THAT, IN THE NEAR TERM, ADVANCE THE COMPANY'S MISSION. FORM 990, PART III, LINE 1 LOGISTICS MANAGEMENT INSTITUTE WAS REBRANDED AND REIMAGINED AS NOBLEREACH FOLLOWING THE DIVESTITURE OF ITS GOVERNMENT CONTRACTING PRACTICE TO A CONSORTIUM OF DOMESTIC INVESTORS IN 2022. NOBLEREACH'S MISSION, WHILE STILL ROOTED IN SERVING THE PUBLIC SECTOR AND THE NATIONAL INTEREST, IS UPDATED FOR THE 21ST CENTURY TO FOCUS ON TALENT AND INNOVATION. WE BELIEVE THAT AMERICA'S PROSPERITY AND ITS NATIONAL AND ECONOMIC SECURITY DEMAND A RENEWED SPIRIT OF NATIONAL SERVICE AND PUBLIC PURPOSE AMONG OUR BRIGHTEST MINDS AND THE PROMOTION OF MISSION-SERVING INNOVATION ECOSYSTEMS. TODAY, NOBLEREACH SEEKS TO UNITE THE ENTREPRENEURIAL AGILITY OF THE PRIVATE SECTOR, THE IDEAS AND TALENT FROM ACADEMIA, AND THE SCALE AND PURPOSE OF THE PUBLIC SECTOR TO DRIVE INNOVATION TOWARD SOLVING OUR NATION'S TOUGHEST CHALLENGES BY INSPIRING THE NEXT GENERATION OF MISSION-DRIVEN CHANGEMAKERS. IN 2023, OUR TALENT AND POLICY INITIATIVES INVOLVED POLICY CONVENINGS AND ENTREPRENEURSHIP COMPETITIONS AT PUBLIC EVENTS AND COLLEGES AND UNIVERSITIES AND AN EDUCATION-FOCUSED INTERNSHIP PROGRAM AS WELL AS LAYING THE GROUNDWORK FOR THE LAUNCH OF OUR INAUGURAL CLASS OF NOBLEREACH SCHOLARS IN AUGUST 2024. OUR INNOVATION EFFORTS CENTERED ON OUR PARTNERSHIPS WITH THE DEFENSE ADVANCED RESEARCH PROJECTS AGENCY (DARPA) AND THE NATIONAL SCIENCE FOUNDATION (NSF) TO SUPPORT THEIR TECHNOLOGY TRANSLATION AND COMMERCIALIZATION EFFORTS. FORM 990, PART III, LINE 2 AS PART OF THE ORGANIZATION'S ON GOING RESTRUCTURING, PROGRAMS LISTED ON PART III LINE 4A, B, AND WERE STARTED IN 2023. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION SUMMARIZES THE INFORMATION TO BE INCLUDED ON THE FORM 990 AND PROVIDES A DRAFT AND SUPPORTING DOCUMENTATION TO A THIRD-PARTY TAX FIRM. THE THIRD-PARTY TAX FIRM REVIEWS AND COMPILES THE DRAFT FORM 990. THE DRAFT FORM 990 IS REVIEWED BY MANAGEMENT. THE DRAFT FORM 990 IS MADE AVAILABLE TO THE ENTIRE BOARD, AND THE AUDIT, FINANCE, AND INVESTMENT COMMITTEE IS BRIEFED ON THE DRAFT, PRIOR TO SUBMITTING THE FORM 990 TO THE IRS. THE BOARD OF DIRECTORS IS ACTIVELY ENGAGED AND AWARE OF THE FINANCIAL PERFORMANCE THROUGH QUARTERLY MEETINGS, MD&A REPORTS AND FINANCIAL STATEMENT AUDIT REVIEWS. BOARD SUBCOMMITTEES INCLUDE THE AUDIT, INVESTMENT, & FINANCE COMMITTEE, THE BOARD GOVERNANCE & NOMINATING COMMITTEE AND THE HUMAN RESOURCES AND COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A POLICY FOR ITS STAFF AND ITS BOARD REQUIRING EVERY PERSON TO DISCLOSE ANY CONFLICTS OF INTEREST IMMEDIATELY AS THEY ARISE. FURTHER, THE ORGANIZATION CIRCULATES A SURVEY TO ITS BOARD AND ITS OFFICERS SEEKING RESPONSES TO SEVERAL QUESTIONS REGARDING CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE OFFICERS OF THE COMPANY IS DETERMINED ANNUALLY. THE CEO & PRESIDENT PROVIDES AN EVALUATION OF THE PERFORMANCE OF EACH OF THE OFFICERS REPORTING TO HIM AND RECOMMENDS SALARY CHANGES AND BONUSES TO THE HR & COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE BOARD CHAIRMAN EVALUATES THE PERFORMANCE OF THE CEO AND REPORTS TO THE HR & COMPENSATION COMMITTEE. THE COMMITTEE RETAINS AN INDEPENDENT COMPENSATION CONSULTANT WHO PROVIDES MARKET DATA ON CASH COMPENSATION AND TOTAL COMPENSATION FROM OTHER COMPANIES IN THE INDUSTRY FOR ALL OF THE OFFICERS AND MAKES RECOMMENDATIONS TO THE COMMITTEE. THE COMMITTEE RECOMMENDS COMPENSATION CHANGES FOR THE OFFICERS TO THE BOARD FOR ITS APPROVAL. ALL VOTING MEMBERS OF THE COMMITTEE AS WELL AS THE BOARD ARE INDEPENDENT DIRECTORS. MANAGEMENT RETAINS AN OVERALL SALARY STRUCTURE WITH RANGES FOR VARIOUS POSITIONS BASED ON MARKET DATA THAT IS PERIODICALLY EVALUATED AND UPDATED. FOR OTHER EMPLOYEES OF THE COMPANY (INCLUDING NON-OFFICER KEY EMPLOYEES), MANAGEMENT ANNUALLY PROVIDES AN ANALYSIS OF NATIONAL AND REGIONAL MARKET DATA ON SALARY BUDGET INCREASES AND PROPOSES A SALARY BUDGET POOL FOR THE UPCOMING FISCAL YEAR; THIS IS REVIEWED BY THE HR & COMPENSATION COMMITTEE, AND THEN THE COMMITTEE'S RECOMMENDATION IS REVIEWED AND APPROVED BY THE BOARD. COMPENSATION OF INDIVIDUAL KEY EMPLOYEES IS DETERMINED BY THE OFFICER IN CHARGE IN CONSULTATION WITH EACH EMPLOYEE'S SUPERVISING PROGRAM DIRECTOR OR ADMINISTRATIVE DIRECTOR. DECISIONS ON ANY BONUS POOL ARE MADE BY THE BOARD AFTER THE FISCAL YEAR HAS ENDED AND THE HR & COMPENSATION COMMITTEE REVIEWS THE CORPORATE PERFORMANCE DATA AND MAKES A RECOMMENDATION TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE TAURI GROUP 7940 JONES BRANCH DRIVE TYSONS VA 22102 542021437 GOVT CONSULT DE LOG MNGT INST C 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0