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Shrm Foundation
Shrm Foundation reported $10.4 million in revenue and $8.5 million in expenses for calendar year 2024. Of every $100 it spent, $84.68 went to program services, $6.39 to management and general costs and $8.93 to fundraising. Its largest source of revenue was contributions and grants: 80.1% of the total. Government grants made up 8.7%. The highest compensation it reported for one person was $4,001,668 (SHRM-SCP, DIR/SHRM PRES&CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 140% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.5MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 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 $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.7% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.4% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.9% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 80.1% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 8.7% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $4,001,668 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 46.97% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 7 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 40.8 | 56.6 |
| Independent voting board members Part VI 1a–1b | 10 of 11 | 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 expenseWidening pathaways to work: helping employers engage a diverse rangeof talent - if we mobilize and equip hr to embrace untapped pools of talent and activate a skills-first mindset for recruitment and retention, then we will widen pathways to work so that all talent and workplaces prosper and thrive. Thriving together: preparing and supporting hr leaders to address challenges -if we mobilize and equip hr and other people leaders to understand and create conditions that comprehensively support their workforce, we will enable employers and employees to thrive together
Strengthening the hr field: supporting the hr leaders of today and tomorrow - if we provide hr students and emerging professionals, especially those from populations currently underrepresented in hr,with funding, mentorship, and support entering and growing in the profession then we will strengthen the hr field with greater opportunity, growth, diversity, and innovation
Highest 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 |
|---|---|---|---|---|
| SHRM-SCP, DIR/SHRM PRES&CEO Director/trustee, 1.0 hrs/week | $0 | $3,850,992 | $150,676 | $4,001,668 |
| PRESIDENT Officer, 40.0 hrs/week | $290,734 | $0 | $77,716 | $368,450 |
| DIR, ENGAGEMENT & PHILANTHROPY Highest compensated employee, 40.0 hrs/week | $187,122 | $0 | $73,902 | $261,024 |
| DIR, FOUNDATION PROGRAMS Highest compensated employee, 40.0 hrs/week | $186,220 | $0 | $15,552 | $201,772 |
| MANAGER, FOUNDATION PROGRAMS Highest compensated employee, 40.0 hrs/week | $111,716 | $0 | $87,669 | $199,385 |
| MANAGER, ENGAGEMENT & PHILANTHROPY Highest compensated employee, 40.0 hrs/week | $131,505 | $0 | $23,298 | $154,803 |
| MANAGER, FOUNDATION PROGRAMS Highest compensated employee, 40.0 hrs/week | $114,306 | $0 | $17,794 | $132,100 |
7 people received more than $100,000 in reportable compensation from Shrm Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $368K (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–1b11 · 10 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 2No
- 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 516
- Volunteers Part I, line 610
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MM EVENT GROUP LLC Event production | $301,899 |
| BULLY PULPIT INTERACTIVE LLC Content services | $225,000 |
| COLABL Educational services | $142,502 |
| UBS FINANCIAL SERVICES INC Inv mngt services | $122,484 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
7 private foundations reported grants to Shrm Foundation totaling $438K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Shrm 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 Shrm Foundation, you can publish a response that is linked from this page.
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Of every $100 Shrm Foundation spent in 2024, $84.68 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Shrm Foundation's spending goes to programs?
In calendar year 2024, Shrm Foundation reported that 84.7% of its $8.5 million in expenses went to program services, 6.4% to management and general and 8.9% to fundraising (Form 990, Part IX).
How much does Shrm Foundation pay its top executive?
The largest total compensation Shrm Foundation reported for one person in calendar year 2024 was $4,001,668, for the role of SHRM-SCP, DIR/SHRM PRES&CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Shrm Foundation get its money?
Of $10.4 million in revenue in calendar year 2024, 80.1% came from contributions and grants (including 8.7% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Shrm Foundation a registered charity?
The IRS lists EIN 34-6610067 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), 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 202522889349302462 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202422369349300242 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332209349301313 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203139349304965 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123159349300407 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003189349303350 · read the filing
All filings for EIN 34-6610067: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.