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Fidelity Non-Profit Management Foundation
Fidelity Non-Profit Management Foundation reported $258.9 million in revenue and $141.7 million in expenses for calendar year 2024. Of every $100 it spent, $99.61 went to program services, $0.39 to management and general costs and $0.00 to fundraising. Its largest source of revenue was investment income: 91.3% of the total. The highest compensation it reported for one person was $590,747 (PRESIDENT). 17 people received more than $100,000 in reportable compensation. Revenue fell 33% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $142MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $259MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.6% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.4% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 8.7% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $590,747 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.42% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 17 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 217.3 | 9.2 |
| Independent voting board members Part VI 1a–1b | 3 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 21.00 hrs/week | $558,414 | $0 | $32,333 | $590,747 |
| DIRECTOR Director/trustee, 2.50 hrs/week | $25,000 | $465,373 | $0 | $490,373 |
| PROGRAM DIRECTOR, MEDICAL SCIENCE Highest compensated employee, 37.00 hrs/week | $370,042 | $0 | $2,923 | $372,965 |
| PROGRAM DIRECTOR, EDUCATION Highest compensated employee, 32.00 hrs/week | $257,845 | $0 | $53,997 | $311,842 |
| PROGRAM DIRECTOR, ARTS & CULTURE Highest compensated employee, 30.00 hrs/week | $245,710 | $0 | $44,543 | $290,253 |
| VP, INSIGHTS & IMPACT Highest compensated employee, 22.00 hrs/week | $244,770 | $0 | $33,958 | $278,728 |
| VP, PROGRAMS Highest compensated employee, 21.00 hrs/week | $258,063 | $0 | $10,573 | $268,636 |
| VP, OPERATIONS Key employee, 21.00 hrs/week | $231,609 | $0 | $33,383 | $264,992 |
17 people received more than $100,000 in reportable compensation from Fidelity Non-Profit Management Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 3 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from Fidelity Non-Profit Management Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fidelity Non-Profit Management Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Fidelity Non-Profit Management Foundation spent in 2024, $99.61 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- CambaBrooklyn, NY · revenue $254M · programs 86.9% · FY2025
- The Common Fund for Nonprofit OrganizationsNorwalk, CT · revenue $289M · programs 100.0% · FY2025
- Strada Education FoundationIndianapolis, IN · revenue $208M · programs 50.6% · 2024
- Halifax StaffingDaytona Beach, FL · revenue $332M · programs 100.0% · FY2025
- Los Angeles Jewish Home for the AgingReseda, CA · revenue $190M · programs 74.6% · FY2025
All community improvement & capacity building charities · Largest charities in Massachusetts
Questions people ask
How much of Fidelity Non-Profit Management Foundation's spending goes to programs?
In calendar year 2024, Fidelity Non-Profit Management Foundation reported that 99.6% of its $141.7 million in expenses went to program services, 0.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Fidelity Non-Profit Management Foundation pay its top executive?
The largest total compensation Fidelity Non-Profit Management Foundation reported for one person in calendar year 2024 was $590,747, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fidelity Non-Profit Management Foundation get its money?
Of $258.9 million in revenue in calendar year 2024, 8.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Fidelity Non-Profit Management Foundation a registered charity?
The IRS lists EIN 22-3195349 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533089349300008 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423029349300122 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323149349304177 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223189349300517 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133149349306433 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043179349307704 · read the filing
All filings for EIN 22-3195349: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.