2024-11-13T12:44:38-06:00 2023-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2023-01-01 133565420 ROBERT A TOIGO FOUNDATION % NANCY SIMS ROBE 5107635771 555 12TH STREET Suite 275 OAKLAND CA 94607 NANCY SIMS PRESIDENT & CEO 5107635771 2024-11-15 true true RICHARD RUVELSON P00234075 3012726000 2023 2024-10-15 13:58:12Z NANCY SIMS 555 12TH STREET SUITE 275 OAKLAND CA 94607 4086726 false X WWW.TOIGOFOUNDATION.ORG X 2000 CA TO INSPIRE CHANGE AND ADVANCE MORE INCLUSIVE LEADERSHIP IN FINANCE AND BEYOND. 29 29 9 145 0 0 4659029 2756881 444293 827074 15673 74371 -710136 -464093 4408859 3194233 140500 180500 0 0 1193192 1337251 0 0 431926 2227997 3238824 3561689 4756575 847170 -1562342 7230304 5555939 673741 562641 6556563 4993298 X TOIGO DEVELOPS LEADERS AND FOSTERS THE CAREER ADVANCEMENT OF HIGHLY TALENTED WOMEN AND MEN THROUGHOUT THEIR MBA EXPERIENCE. OUR NEARLY 2,000 TOIGO ALUMNI ARE THE FOUNDATION ON WHICH WE HAVE BUILT PROGRAMMING TO SUPPORT THE CAREER ASCENSION AND RETENTION OF TOMORROW'S FINANCE LEADERS. THE GATEWAY TO THIS EXPERIENCE IS THE FOUNDATION'S HIGHLY-REGARDED MBA FELLOWSHIP PROGRAM, WHICH IDENTIFIES YOUNG PROFESSIONALS AT THIS STAGE OF ACADEMIC CAREER WHO DEMONSTRATE THE GREATEST LEADERSHIP POTENTIAL, WHO SEEK TO CONTRIBUTE AND MAKE POSITIVE IMPACT IN THEIR FINANCE CAREERS AND THEIR COMMUNITIES. THE FOUNDATION'S PROGRAMMING OFFERS LEADERSHIP ASSESSMENT AND DEVELOPMENT TRAINING, INDUSTRY EDUCATION, AND CAREER SUPPORT THROUGHOUT THE DURATION OF FELLOWS' MBA PROGRAMS AND, ONGOING AS TOIGO ALUMNI ASCEND IN THEIR POST-GRADUATION CAREERS. FURTHER, OUR WORK PROMOTES THE MERITS OF INCLUSION TO ONE OF THE NATION'S MOST VITAL INDUSTRIES - FINANCE AND TO ASSOCIATED FIELDS WHERE OUR TALENT IS LEVERAGING IMP false false 2184527 180500 361090 EDUCATION: SELECTION & RECRUITMENT & MBA PROGRAMMING: By demand of students and the employer community, Toigo hosted its MBA programming events through the return of three in-person convenings covering industry education, leadership development assessment and workshops, career management coaching, and a new series of Learning Intensives across the alternative investment sector(s). Students were able to participate in uniquely designed 6 month experiences to get a deeper understanding of investment philosophy, strategies, skill competencies for careers within real estate, impact investing, venture capital and private equity. Applications for 2023 presented another impressive group of high potential leaders. The Foundation invested in an improved platform for evaluating candidates including virtual interviews and tools to assess coachability as a core component of our leadership development curriculum and career management service. Expenditures within the MBA program area increased in 2023 as a result of these program enhancements and new offerings to more than 200 next generation leaders. Toigo's programming is anchored by best in class trainers, consultants, noted academics and online learning and assessment platforms. Further the return to in-person events and cost related to bringing these outstanding young professionals together is reflected in the expenses and ensures the high quality of the Toigo MBA program experience and building a sense of community. 1359296 277419 Institute Programming: Toigo institute programming focused on the continued development of post graduate learning content through advanced career coaching and introduction of specialized programs. The foundation expenditures in this area included revamp and or development of new online platforms available for participants as well as corporate partners in the process of content delivery asynchronous learning and job opportunity posting and talent access. Additionally our groundbreakers initiative was expanded to include two new offerings that focused on career development and leadership positioning, one being an online offering with sessions throughout the year and the second being an in person leadership program for women at the mid career level. The annual summit continues to welcome more than 200 attendees for our one day program featuring noted academics best in class trainers and firm leadership. Within the context of leadership and alumni advancement, the foundation either directly or through collaborative partnerships introduced several opportunities to amplify the career talents of those supported by the program. Costs related to this area included attendance at conferences, creation of articles, and talent features and the participation of Toigo alumni in our leadership curriculum as trainers for future generations. Given the dynamic nature of the employment landscape the foundation also increased resources for career coaching and support for those professionals in job transition or seeking to leverage their past experience for increased opportunities. Lastly the foundation hosted industry convenings to discuss topics that are core to the foundation's mission around education career advancement, inclusion equity and leadership. Bringing together nearly 200 professionals to not only exchange ideas but to be audience to leaders who present dynamic perspective on the industry overall and how Toigo plays an invaluable role as a partner for change. 249869 188565 Professional Services: The Foundation expanded its talent management platform to align with new and or improved services available to our corporate partners to take full advantage of promoting job opportunities and/or multiple access points to the Toigo talent population. Time invested in the design, marketing and promotion of these services is reflected in this expense. As well our elevated service included new tools for job seekers to share their career goals, learn of new opportunities and corporate partnerships via webinars and improved internal communication platforms were an important part of the service. Specifically for the student population, ongoing development of the 12 Twenty online platform presented enhanced profiles of students and the facility to firms to host sessions, share opportunities and make direct connections to students for summer internships, collaborative partner employment opportunities, design of internship models and to provide full service support to organizations, as required. 3793692 true true false false false false false false false false true false false true true true true false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false true 31 0 true 9 true false false false false false true true false false false false false false X 29 29 false false false false false false false true true false false true true true true true true true true false CA NY X NANCY SIMS 5107635771 555 12TH STREET SUITE 275 OAKLAND CA 94607 NANCY A SIMS PRESIDENT 70.0 0.0 X 440046 0 24747 SHAKEEL BHATIA DONOR RELATIONS MANAGER 40.0 0.0 X 166957 0 13997 SHANNON HOWELL DIRECTOR OF TALENT ACCESS 40.0 0.0 X 131250 0 9784 TREVOR WELCH SENIOR PROGRAMMING COORDINATOR 40.0 0.0 X 114717 0 6579 MATTHEW JOHNSON SENIOR ASSOCIATE 40.0 0.0 X 101181 0 13510 MARK MCCOMBE CHAIRMAN 0.5 0.0 X X 0 0 0 KELLY WILLIAMS CO-CHAIR 0.5 0.0 X X 0 0 0 JAY FERGUSON TREASURER 0.5 0.0 X X 0 0 0 DHVANI SHAH SECRETARY 0.5 0.0 X X 0 0 0 SUE TOIGO FOUNDER BOARD MEMBER 0.5 0.0 X 0 0 0 MARK ANSON BOARD MEMBER 0.5 0.0 X 0 0 0 JASE AUBY BOARD MEMBER 0.5 0.0 X 0 0 0 DOSTON BRADLEY BOARD MEMBER 0.5 0.0 X 0 0 0 KEITH CAHILL BOARD MEMBER 0.5 0.0 X 0 0 0 MARY CAHILL BOARD MEMBER 0.5 0.0 X 0 0 0 SCOTT CHAN BOARD MEMBER 0.5 0.0 X 0 0 0 JOHN CLAISSE BOARD MEMBER 0.5 0.0 X 0 0 0 MICHAEL DELANEY BOARD MEMBER 0.5 0.0 X 0 0 0 TED ELIOPOLOUS BOARD MEMBER 0.5 0.0 X 0 0 0 JOSE E FELICIANO BOARD MEMBER 0.5 0.0 X 0 0 0 JOSE FERNANDEZ BOARD MEMBER 0.5 0.0 X 0 0 0 FRAN HIGGINS BOARD MEMBER 0.5 0.0 X 0 0 0 STEPHANIE IVY BOARD MEMBER 0.5 0.0 X 0 0 0 KATHRYN KOCH BOARD MEMBER 0.5 0.0 X 0 0 0 BRYAN LEWIS BOARD MEMBER 0.5 0.0 X 0 0 0 EDWARD LEWIS BOARD MEMBER 0.5 0.0 X 0 0 0 TANAKA MASWAOSWE BOARD MEMBER 0.5 0.0 X 0 0 0 BARRY MILLER BOARD MEMBER 0.5 0.0 X 0 0 0 JOSE MINAYA BOARD MEMBER 0.5 0.0 X 0 0 0 JANICE COOK ROBERTS BOARD MEMBER 0.5 0.0 X 0 0 0 MARCOS RODRIGUEZ BOARD MEMBER 0.5 0.0 X 0 0 0 STEVE VOSS BOARD MEMBER 0.5 0.0 X 0 0 0 JAMES WILLIAMS BOARD MEMBER 0.5 0.0 X 0 0 0 JAMES ZELTER BOARD MEMBER 0.5 0.0 X 0 0 0 954151 0 68617 5 false true false THE AMPLIFY LAB LLC 4343 SEQUOYAH ROAD OAKLAND CA 94605 GB PROGRAM TRAINER 166000 PATRISHA GILL 2117 COMSTOCK LANE LINCOLN CA 95648 ACCTG CONSULTING 160150 GG EVENTS LLC 646 S CALLE PETUNIA PALM SPRINGS CA 92262 EVENT PLANNING 115517 ANDREA C BELDECOS 1675 YORK AVE APT 23A NEW YORK NY 10128 PROGRAM CONSULTANT 151075 4 1368991 1387890 2756881 TOIGO INSTITUTE & PROF SERVICES 611710 246566 246566 EDUCATION 561300 55900 55900 CAREER & TALENT SERVICES 900099 524608 524608 827074 74371 0 74371 0 0 0 0 0 0 428400 1368991 892493 -464093 -464093 0 0 0 0 0 0 0 3194233 827074 0 -389722 180500 180500 0 0 0 464793 282801 80065 101927 0 733239 450728 118720 163791 13583 7644 4839 1100 47279 24601 16844 5834 78357 40774 27915 9668 0 705 383 206 116 171197 93096 50050 28051 0 0 0 396687 213431 120764 62492 3249 3249 24881 15844 6454 2583 212774 115707 62204 34863 0 165342 145596 19026 720 346155 340710 4845 600 0 632905 624728 8177 0 0 15236 9310 3488 2438 19220 15339 3071 810 PROGRAM AND EVENT SERVICE FEE 1249029 1229213 2883 16933 REPAIRS AND MAINTENANCE 1004 38 966 FILING FEE 440 440 4756575 3793692 530957 431926 X 2321621 912462 3075322 3284605 1170958 666127 22850 1500 0 0 0 0 0 0 0 0 120242 331672 511828 472513 48798 39315 0 0 0 0 0 0 0 0 470513 320258 7230304 5555939 152214 190998 0 0 28180 36134 0 0 0 0 0 0 0 0 0 0 493347 335509 673741 562641 X 5065257 4496334 1491306 496964 6556563 4993298 7230304 5555939 X -1562342 -923 X false true X true false X 3950530 4120757 3583546 4672954 2756881 19084668 0 0 3950530 4120757 3583546 4672954 2756881 19084668 2244167 16840501 11087 2746 1099 15673 74371 104976 0 431 737 918 7391 0 9477 19199121 3190705 0.87715 0.88440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 71355 66686 4669 440473 405827 34646 39315 OPERATING LEASE ROU ASSET 305609 DEPOSITS 14649 320258 0 OPERATING LEASE 335509 335509 X 3194233 3194233 3194233 4757498 923 923 4756575 4756575 SCHEDULE D, PART X, LINE 2 The Foundation is registered as a nonprofit corporation and is exempt from federal income taxes, except for unrelated business income, under Section 501(c)(3) of the United States Internal Revenue Code ("IRC"). In addition, the Foundation is exempt from California state taxes under section 23701(d) of the California Revenue and Taxation Code. There was no unrelated business income in 2023 and 2022. The Foundation has been determined by the Internal Revenue Service ("IRS") not to be a private foundation within the meaning of Section 509(a) of the IRC and is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. The Foundation has evaluated its current tax positions and has concluded that as of December 31, 2023 and 2022, the Foundation does not have any significant uncertain tax positions for which a reserve would be necessary. PART XII, LINE 4B UNCOLLECTIBLE PLEDGES (NET OF RECOVERIES) $923. GALA NY 1797391 1368991 428400 217710 211247 463536 0 1797391 1368991 428400 217710 211247 463536 892493 -464093 true HARVARD UNIVERSITY BUSINESS SCHOOL SOLDIERS FIELD BOSTON MA 02163 042103580 501(C)(3) 67000 BOOK NONE FELLOW MERIT AWARD WHARTON SCHOOL OF THE UNIVERSITY OF PA 3733 SPRUCE STREET PHILADELPHIA PA 19104 231352685 501(C)(3) 42000 BOOK NONE FELLOW MERIT AWARD UNIVERSITY OF SOUTHERN CALIFORNIA 3670 TOUSDALE PKWY LOS ANGELES CA 90089 951642394 501(C)(3) 22000 BOOK NONE FELLOW MERIT AWARD COLUMBIA UNIVERSITY 116TH BROADWAY NEW YORK NY 10027 135598093 501(C)(3) 12500 BOOK NONE FELLOW MERIT AWARD STANFORD UNIVERSITY 655 KNIGHT WAY STANFORD CA 94305 941156365 501(C)(3) 10000 BOOK NONE FELLOW MERIT AWARD NEW YORK UNI STERN SCHOOL OF BUSINESS 44 WEST 4TH STREET NEW YORK NY 10012 135562308 501(C)(3) 7500 BOOK NONE FELLOW MERIT AWARD UNI OF CHICAGO BOOTH SCHOOL OF BUSINESS 5807 S WOODLAWN AVE CHICAGO IL 60637 362177139 501(C)(3) 7500 BOOK NONE FELLOW MERIT AWARD 7 0 PART I, LINE 2 THE FOUNDATION MONITORS THE USE OF GRANT FUNDS BY PAYING INSTITUTIONS DIRECTLY. THE FOUNDATION MAINTAINS ACCOUNTING AND ADMINISTRATIVE RECORDS FOR ALL STUDENTS RECEIVING AWARDS. BILLING INFORMATION PROVIDED BY THE ACADEMIC INSTITUTIONS, COPIES OF DISBURSEMENTS AND ACCOMPANYING CORRESPONDENCE ARE RECORDED IN APPROPRIATE SYSTEMS AND ELECTRONIC FILES. X X X X false false false false false false false false false NANCY A SIMS PRESIDENT 338589 0 70000 0 31457 0 0 0 24747 0 464793 0 0 0 SHAKEEL BHATIA DONOR RELATIONS MANAGER 130000 0 36957 0 0 0 6636 0 7361 0 180954 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B: THE GOVERNING BOARD OF DIRECTORS HAS DELEGATED THE REVIEW AND APPROVAL OF THE ANNUAL TAX FILING (FORM 990) TO THE AUDIT COMMITTEE OF THE BOARD PRIOR TO PRESENTATION TO THE FULL BOARD. THE FOLLOWING ARE THE SPECIFIC PROCESSES THE ORGANIZATION USES TO REVIEW FORM 990. THE DOCUMENT IS PREPARED BY AN INDEPENDENT CPA FIRM. 1. THE INITIAL REVIEW OF FORM 990 IS PERFORMED BY THE FOUNDATION'S ACCOUNTANT FOR ACCURACY. 2. THE SECOND REVIEW IS PERFORMED BY THE PRESIDENT. 3. THE THIRD REVIEW IS COMPLETED BY THE AUDIT COMMITTEE. 4. ONCE THE DRAFT IS APPROVED BY THE AUDIT COMMITTEE AND PRESENTED TO THE GOVERNING BOARD WITH THEIR RECOMMENDATIONS, THE CPA IS INSTRUCTED TO PREPARE A FINAL COPY OF THE FINAL RETURN, INCLUDING ALL SCHEDULES. 5. THE FORM 990 IS PRESENTED TO THE GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: THE FOUNDATION HAS A CONFLICT OF INTEREST POLICY, WHICH OUTLINES THE PROCESS TO COMMUNICATE, EVALUATE, AND ADDRESS ANY KNOWN OR PERCEIVED CONFLICT OF INTEREST IN THE SPIRIT OF FULL DISCLOSURE ON ANY MATTERS THAT MAY APPEAR IN QUESTION. THE EXECUTION OF THIS POLICY IS THE RESPONSIBILITY OF THE NOMINATING AND BOARD GOVERNANCE COMMITTEE AND EXECUTIVE COMMITTEE. THE INDIVIDUAL WHO EVALUATES AND COMMUNICATES THIS INFORMATION TO THE FULL GOVERNING BOARD IS THE CHAIR OF THE NOMINATING AND BOARD GOVERNANCE COMMITTEE. BOARD MEMBERS AND OFFICERS ARE EXPECTED TO USE GOOD JUDGEMENT, TO ADHERE TO HIGH ETHICAL STANDARDS AND TO CONDUCT THEMSELVES IN SUCH A MANNER AS TO AVOID ANY POTENTIAL OR ACTUAL CONFLICT BETWEEN THE BOARD MEMBER'S OR OFFICER'S PERSONAL INTERESTS AND THE INTERESTS OF THE ROBERT A. TOIGO FOUNDATION. A CONFLICT OF INTEREST EXISTS WHEN THE BOARD MEMBER'S OR OFFICER'S LOYALTIES OR ACTIONS ARE DIVIDED BETWEEN THE FOUNDATION'S INTERESTS AND THE BOARD MEMBER'S OR OFFICER'S FINANCIAL INTEREST. BOTH THE FACT AND THE APPEARANCE OF A CONFLICT OF INTEREST SHOULD BE AVOIDED. A BOARD MEMBER OR OFFICER WHO IS UNSURE AS TO WHETHER A CERTAIN TRANSACTION, ACTIVITY OR RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST SHOULD DISCUSS IT WITH THE CHAIR OF THE BOARD OR THE PRESIDENT FOR CLARIFICATION. IN KEEPING WITH TOIGO'S BEST PRACTICES IN COMPLIANCE WITH SARBANES-OXLEY REQUIREMENTS, ALL GOVERNING BOARD MEMBERS ARE REQUIRED TO REVISIT THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND SIGN AN ACKNOWLEDGEMENT FORM THAT ATTESTS OR REPRESENT THAT MEMBERS WILL REMAIN IN FULL COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15: THE RESPONSIBILITY FOR DETERMINING THE COMPENSATION OR ADJUSTMENTS TO CEO COMPENSATION IS THE WORK OF THE EXECUTIVE COMMITTEE WHICH STARTS WITH THE BOARD CHAIR AND FOUNDER. THE COMMITTEE'S MEMBERSHIP CONSISTS OF THE FOUNDER, BOARD CHAIR, AND REPRESENTATIVES WHO BRING MANAGEMENT, FINANCE, HUMAN RESOURCES AND NON-PROFIT BACKGROUND INTO THE DISCUSSION AROUND ANNUAL JOB PERFORMANCE AGAINST ORGANIZATIONAL GOALS AND TO ASSESS WORK PERFORMED AGAINST SIMILAR ROLES AND SALARY RANGES BASED ON SCOPE OF RESPONSIBILITIES. SHOULD THERE BE A REQUIREMENT FOR COMPENSATION DATA OR BENEFITS ANALYSIS, INDEPENDENT COMPENSATION CONSULTANTS ARE BROUGHT IN TO ADVISE THE EXECUTIVE COMMITTEE IN MAKING THEIR DECISIONS. THIS COMMITTEE ROTATES ON A PERIODIC BASIS AS PART OF THE NORMAL BOARD SERVICE ROTATION, WHICH ALLOWS FOR CONTINUED OBJECTIVITY AND RELEVANT PERSPECTIVE TO THIS IMPORTANT GOVERNANCE DUTY. THERE IS ALSO ACTIVE ENGAGEMENT WITH THE CEO ON PERFORMANCE OF THE NON-PROFIT AND STRATEGIES, MORE FREQUENT THAN ANNUAL REVIEWS. OTHER KEY EMPLOYEES THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR THE EVALUATION AND DETERMINATION OF SALARY FOR THESE POSITIONS TO THE PRESIDENT/CEO. THE PRESIDENT WILL, HOWEVER, REVIEW STAFF PERFORMANCE WITH THE DESIGNATED MEMBER OF THE EXECUTIVE COMMITTEE AND WILL DISCUSS PLANS FOR ANY ADJUSTMENTS, IF WARRANTED, IN ADVANCE. SALARY ADJUSTMENTS AND RECOGNITION AWARDS ARE NOT GUARANTEED ON AN ANNUAL BASIS AND, THEREFORE, PERFORMANCE OF THE NONPROFIT AND THE INDIVIDUAL'S PERFORMANCE ARE ASSESSED TO DETERMINE IF ANY MERIT ADJUSTMENT IS WARRANTED. SALARIES FOR THESE POSITIONS ARE EVALUATED AGAINST MARKETPLACE INFORMATION, FEEDBACK FROM INTERNAL AND EXTERNAL CLIENTS AND REVENUE GENERATED FROM THEIR AREA OF RESPONSIBILITY, IN ADDITION TO THE INTERNAL COMPENSATION STRUCTURE OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19: ANNUAL FINANCIAL INFORMATION IS POSTED FOR PUBLIC VIEW ON THE FOUNDATION'S WEBSITE, ALONG WITH THE ANNUAL REPORT AND OTHER SELECT COMPLIANCE POLICIES. THE FOUNDATION UPHOLDS THE HIGHEST DEGREE OF ACCOUNTABILITY AND TRANSPARENCY AND WILL PROVIDE ANY ADDITIONAL PUBLIC INFORMATION, UPON REQUEST. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGES (NET OF RECOVERIES)