Fund for Policy Reform

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

9 people listed

BINAIFER NOWROJEE (TRUSTEE (AS OF 12/1/24)): $1,058,976 total reported compensation
LEONARD BENARDO (TRUSTEE (UNTIL 12/1/24)): $954,384 total reported compensation
DEBBIE FINE (SECRETARY (AS OF 1/17/24)): $653,614 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To promote social welfare, the common good and the general welfare of people in communities around the world. (see sch o)

Social welfare grants: in 2024, fund for policy reform made grants for a total of $412,000,000 to support grantee's social welfare purposes.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Scored; rating input score 0
Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Yes; rating input score 100

Independent voting board: 75%; rating input score 75; 24th percentile among comparable filings
Governance controls: 5 of 9 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass

Operating margin: Limited
Total-asset coverage ratio: 6.75; rating input score 55; 55th percentile among comparable filings
Liabilities to assets ratio: 0.07; rating input score 20; 20th percentile among comparable filings
Officer compensation ratio: 0.1%; rating input score 20; 20th percentile among comparable filings

Program expense growth: 18.6% per year; rating input score 100; 84th percentile among comparable filings
Revenue growth: 34.3% per year; rating input score 100; 97th percentile among comparable filings
Asset growth: -7.3% per year; rating input score 0; 17th percentile among comparable filings

Where the money goes: 99.9% of spending went to programs
Governance: 3 of 4 board members independent · 5 of 9 filing controls reported
Programs: 1 filed program accomplishment · $482.2M in reported program spending
Leadership: top reported pay $1.1M · 9 people listed · 0 of 6 pay-setting controls reported
Highest-paid contractors: 2 contractors listed · $315K reported
Consistency: 22 of 22 current checks pass
Schedules: 7 filed schedules · includes foreign activity, grants, executive pay, and related organizations
Filing history: 4 filing years from 2020 to 2024
Contacts: How to reach this organization
Money network: 7 filed money-flow records
Related organizations: 5 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.