2023-02-08T08:10:54-06:00 2022-09-30 111986323 MARCUM LLP 1899 L STREET NW 850 WASHINGTON DC 20036 990 2021-10-01 841970428 THE MOTLEY FOOL FOUNDATION MOTL 2027706968 2000 DUKE STREET 2 ALEXANDRIA VA 22314 JENNIFER GENNARO OXLEY EXECUTIVE DIRECTOR 2027706968 2023-02-06 1 JENNIFER GENNARO OXLEY 999009999 AARON M FOX P01365820 2028225000 2023-02-06 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z JENNIFER GENNARO OXLEY 2000 DUKE STREET 2 ALEXANDRIA VA 22314 17346236 0 X FOOLFOUNDATION.ORG X 2019 DE THE FOUNDATION'S PURPOSE IS TO PROMOTE FINANCIAL FREEDOM FOR ALL BY FINDING, FUNDING, AND AMPLIFYING INNOVATIVE SOLUTIONS THAT ENABLE STRIVERS TO BECOME THRIVERS. 9 9 10 10 0 0 1593209 15910138 0 0 757 -97742 0 0 1593966 15812396 0 226000 0 0 420978 753245 0 0 684109 617497 1586792 1038475 2566037 555491 13246359 1290319 13206539 55057 140445 1235262 13066094 X THE FOUNDATION'S MISSION IS TO CREATE PATHWAYS TO FINANCIAL FREEDOM FOR THOSE LIVING PAYCHECK TO PAYCHECK. 0 0 901232 226000 THE FOUNDATION'S SOLE PROGRAM WAS 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 2022, THE FOUNDATION INVESTED IN RULE BREAKERS ACROSS THE COUNTRY WORKING WITH THE UNBANKED AND UNDERBANKED, DEVELOPING BLACK RURAL ENTREPRENEURS, AND ACQUIRING AND PRESERVING AFFORDABLE HOUSING. THE GROUNDWORK WAS LAID TO EXPAND THIS COHORT ACROSS ALL FIVE DRIVERS 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. 901232 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 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 9 0 1 10 1 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 JEFF HASLOW 2027706968 2000 DUKE STREET FL 2 ALEXANDRIA VA 22314 DAVID GARDNER CHAIR 2.00 X X 0 0 0 OLLEN DOUGLASS FINANCE CHAIR 1.00 X 0 0 0 MARGARET GARDNER GOVERNANCE CHAIR 1.00 X 0 0 0 MELISSA BRADLEY BOARD MEMBER 1.00 X 0 0 0 TRISH COSTELLO BOARD MEMBER 1.00 X 0 0 0 ELAINE HUNGENBERG BOARD MEMBER 1.00 X 0 0 0 SEAN MILLIKEN BOARD MEMBER 1.00 X 0 0 0 NEEL SHAH BOARD MEMBER 1.00 X 0 0 0 SYLVIA SIERRA BOARD MEMBER 1.00 X 0 0 0 JENNIFER GENNARO OXLEY EXECUTIVE DIRECTOR 40.00 X 219205 0 30259 ALAN TOBIAS SECRETARY 40.00 X 187048 0 13456 JEFF HASLOW TREASURER/FINANCE DIRECTOR 18.00 X 0 0 0 406253 0 43715 2 0 1 0 COMMUNITY COUNSELING SERVICE 527 MADISON AVE 5TH FL NEW YORK NY 10022 DONOR ADVISORY 245553 MICHAEL GARDNER 2301 37TH STREET NW WASHINGTON DC 20007 MARKETING 136000 2 15000000 910138 202215 15910138 65022 65022 1371076 1533840 -162764 -162764 -162764 15812396 0 0 -97742 X 1000 1000 225000 225000 415805 154843 153843 107119 235740 60998 174742 2185 1014 1171 54765 17225 37540 44750 11493 21460 11797 4046 3023 1023 73392 73392 22343 22343 849751 62171 499370 288210 99096 95419 3677 14066 5102 8638 326 40597 21414 19183 69884 11738 34209 23937 17703 605 8864 8234 15652 8502 7150 10171 10171 6663 6663 CONTRACTED PROGRAM SERV 350000 350000 TRAINING & DEVELOPMENT 6878 43 6835 DUES & SUBCRIPTIONS 3437 3437 REGISTR. & FILING FEES 3113 3113 2566037 901232 980696 684109 854871 4679684 333934 888147 10265 19792 77367 11588 44875 65779 46374 7553137 1290319 13206539 14583 54255 40474 86190 55057 140445 X 901328 12177947 333934 888147 1235262 13066094 1290319 13206539 13246359 -1415527 0 X 0 1 X 1 0 X 1000221 1593209 15910138 18503568 1000221 1593209 15910138 18503568 16882026 1621542 5004 757 65022 70783 18574351 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 11588 65779 65779 DUE TO THE MOTLEY FOOL, LLC 86190 86190 X 14585034 -1415527 210508 -1205019 15790053 22343 22343 15812396 2754202 210508 210508 2543694 22343 22343 2566037 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 RULE BREAKER FELLOWSHIPS 3 225000 PART I, LINE 2: GRANTEES WERE EVALUATED BASED ON DOING WORK WITH POPULATION SEGMENTS THAT MEET OUR MISSION, VISION, AND PURPOSE. EACH GRANTEE MSUT MAINTAIN THEIR 501C3 STATUS 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. X X X X X 0 0 0 0 0 0 0 1 0 JENNIFER GENNARO OXLEY EXECUTIVE DIRECTOR 197521 0 5315 0 16369 0 11767 0 18492 0 249464 0 0 0 ALAN TOBIAS SECRETARY 94697 0 6315 0 86036 0 5682 0 7774 0 200504 0 0 0 PART I, LINE 7 DURING CALENDAR YEAR 2021, JENNIFER GENNARO OXLEY RECEIVED A NON-FIXED BONUS IN THE AMOUNT $5,315 AND ALAN TOBIAS RECEIVED A NON-FIXED BONUS IN THE AMOUNT OF $6,315. THESE WERE DISCRETIONARY SPOT BONUSES DETERMINED BY THE EMPLOYEE'S DIRECT SUPERVISOR BASED ON A SPECIFIC RECOGNITION EVENT AND DETERMINED AFTER THE FACT. X 9 202215 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 2021 IS 10, AS DISCLOSED ON PART V, LINE 2A. EMPLOYEES RECEIVE A FORM W-2 FROM THE LLC. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS DAVID GARDNER, MARGARET GARDNER, OLLEN DOUGLASS, AND JEFF HASLOW, TREASURER, 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 2021, THE FOLLOWING OFFICER(S) RECEIVED REPORTABLE COMPENSATION FROM THE MANAGEMENT COMPANY FOR SERVICES PROVIDED TO THE FOUNDATION: - JEFF HASLOW, $132,681 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 FOUNDATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G MARKETING - MG: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 168,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 168,000. DONOR ADVISORY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 270,553. TOTAL EXPENSES 270,553. OKR DEVELOPMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 50,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,000. MARKETING AND WEBSITE CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 53,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,000. PROGRAM IMPACT MEASUREMENT DEVELOPMENT: PROGRAM SERVICE EXPENSES 60,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,000. MARKETING - OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 173,738. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 173,738. INTERNS AND TEMPORARY HELP: PROGRAM SERVICE EXPENSES 2,171. MANAGEMENT AND GENERAL EXPENSES 54,632. FUNDRAISING EXPENSES 17,657. TOTAL EXPENSES 74,460. 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 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0