Fermi Forward Discovery Group Llc
Fermi Forward Discovery Group Llc reported $645.5 million in revenue and $643.7 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $99.05 went to program services, $0.95 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 100.0% of the total. Government grants made up 100.0%. The highest compensation it reported for one person was $2,082,741 (CHAIRMAN). Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $644MFor context, the median across 196 covered science & technology charities: $84.29 programs, $15.71 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $646MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.0% | 83.0% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.0% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 100.0% | 52.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 100.0% | 2.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 18.1% |
| Highest reported compensation Part VII-A, columns D–F | $2,082,741 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.32% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 0 | 24 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.0 | 14.8 |
| Independent voting board members Part VI 1a–1b | 8 of 11 | 94.1% |
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
FY2025 · Form 990, Part III · the three largest programs by expenseThe U.S. Department of energy (doe) awarded the management and operating contract for fermi national accelerator laboratory (fermilab) to ffdg, llc, effective january 1, 2025 . Ffdg builds on universities research association's record of performance in the management and operation of fermilab since 1967; and the university of chicago's leadership of argonne national laboratory (anl) since its founding. The ffdg team brings resources, collaborations, and best practices to address the laboratory's challenges and opportunities. Ffdg supports the laboratory's long-term vision and total commitment…
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| CHAIRMAN Director/trustee, 2.0 hrs/week | $0 | $2,031,564 | $51,177 | $2,082,741 |
| PRESIDENT Officer, 20.0 hrs/week | $0 | $772,284 | $46,803 | $819,087 |
| VICE CHAIRMAN Director/trustee, 2.0 hrs/week | $0 | $554,905 | $77,581 | $632,486 |
| DEPUTY DIRECTOR/CHIEF RESEARCH OFFICER Key employee, 20.0 hrs/week | $0 | $513,532 | $70,347 | $583,879 |
| INTERIM SENIOR DIRECTOR OF ENVIRONMENT, SAFETY AND HEALTH Highest compensated employee, 20.0 hrs/week | $0 | $427,704 | $73,397 | $501,101 |
| CHIEF OPERATING OFFICER Key employee, 20.0 hrs/week | $0 | $466,452 | $29,511 | $495,963 |
| CIO Highest compensated employee, 20.0 hrs/week | $0 | $400,361 | $43,269 | $443,630 |
| DEPUTY CRO Key employee, 20.0 hrs/week | $0 | $342,469 | $70,347 | $412,816 |
0 people received more than $100,000 in reportable compensation from Fermi Forward Discovery Group Llc (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.3M (Part IX, line 5).
1 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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 · 8 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 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 634
Correct a figure or respond
Every number above is copied from Fermi Forward Discovery Group Llc's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fermi Forward Discovery Group Llc, you can publish a response that is linked from this page.
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Of every $100 Fermi Forward Discovery Group Llc spent in FY2025, $99.05 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Fermi Forward Discovery Group Llc's spending goes to programs?
In the fiscal year ending September 30, 2025, Fermi Forward Discovery Group Llc reported that 99.0% of its $643.7 million in expenses went to program services, 1.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Fermi Forward Discovery Group Llc pay its top executive?
The largest total compensation Fermi Forward Discovery Group Llc reported for one person in the fiscal year ending September 30, 2025 was $2,082,741, for the role of CHAIRMAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Fermi Forward Discovery Group Llc get its money?
Of $645.5 million in revenue in the fiscal year ending September 30, 2025, 100.0% came from contributions and grants (including 100.0% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is Fermi Forward Discovery Group Llc a registered charity?
The IRS lists EIN 93-3319101 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202642539349300349 · read the filing · XML
All filings for EIN 93-3319101: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.