2025-02-03T09:41:59-06:00 2024-09-30 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2023-10-01 841970428 THE MOTLEY FOOL FOUNDATION MOTL 2027706968 2000 DUKE STREET 2 ALEXANDRIA VA 22314 JEFF HASLOW TREASURER 2027706968 2025-01-31 1 0 AARON M FOX P01365820 2022274000 2025-01-31 2023 2025-03-06 01:10:19Z GEORGE KHALAF 2000 DUKE STREET 2 ALEXANDRIA VA 22314 3802152 0 X FOOLFOUNDATION.ORG X 2019 DE OUR MISSION IS TO CREATE PATHWAYS TO FINANCIAL FREEDOM FOR THOSE LIVING PAYCHECK TO PAYCHECK. 10 9 0 43 0 0 337022 981438 0 0 315377 360142 0 0 652399 1341580 185740 595176 0 0 967246 1163551 0 0 596853 1296067 1215982 2449053 2974709 -1796654 -1633129 12275568 13467055 112024 935843 12163544 12531212 X THE FOUNDATION'S VISION IS FINANCIAL FREEDOM FOR ALL WITH A PURPOSE TO FIND, FUND, AND AMPLIFY INNOVATIVE SOLUTIONS THAT ENABLE STRIVERS TO BECOME THRIVERS. (SEE SCHEDULE O FOR CONTINUATION) THE FOUNDATION STRATEGICALLY DEPLOYS ITS ASSETS TO DRIVE INNOVATIVE INVESTMENTS, ENGAGEMENT, AWARENESS, AND SUSTAINABILITY. THE FOUNDATION IS A PUBLIC CHARITY THAT RELIES ON RAISING FUNDS FROM THE PUBLIC TO SCALE OUR PROGRAMS AND IMPACT. 0 0 1041556 570519 0 THE FOUNDATION'S PROGRAMS WERE FOCUSED ON ACHIEVING FINANCIAL FREEDOM FOR ALL. THE FOUNDATION BELIEVES THAT FIVE KEY DRIVERS ENABLE FINANCIAL FREEDOM FOR AMERICANS LIVING BETWEEN POVERTY AND WEALTH: EDUCATION, HEALTH, MONEY, WORK, AND HOUSING. WHEN THESE DRIVERS WORK TOGETHER, PEOPLE ADVANCE FINANCIALLY. WHEN THEY DON'T, PEOPLE ARE LEFT BEHIND. THE FOUNDATION DEVELOPED A FUNDING AND INVESTMENT PLAN FOR A VENTURE PHILANTHROPY IMPACT FUND, THE IMPACTFOOL FUND (OR IF FUND), TO OFFER A MORE COMPELLING DONOR PROPOSITION AND ACCELERATE AND EXPAND PROGRAMMING WITH OTHER VETTED 501(C)3S.FOR THE FUND, THE FOUNDATION IS APPLYING A VENTURE CAPITAL APPROACH TO FIND, FUND, AND SUPPORT INNOVATIVE NONPROFITS THAT HOLD GREAT PROMISE FOR IMPACT AT SCALE.THE FOUNDATION SEEKS TO IDENTIFY "DIAMONDS IN THE ROUGH, OR EARLY-STAGE NONPROFITS BETWEEN ONE AND TEN YEARS OLD THAT ARE TRANSITIONING FROM SUCCESSFUL STARTUPS TO ESTABLISHED ORGANIZATIONS AND HAVE INNOVATIVE MODELS POSITIONED FOR LARGE-SCALE IMPACT IN THE FIVE DRIVERS. CANDIDATES ARE SOURCED FROM THE PUBLIC, VETTED BY MULTIPLE TEAM MEMBERS, AND REVIEWED AND APPROVED BY A BOARD COMMITTEE AND THE BOARD.THE APPROVED ORGANIZATIONS ARE AWARDED A $300,000 UNRESTRICTED GRANT, DELIVERED AS $100,000 ANNUALLY OVER THE THREE-YEAR FELLOWSHIP. BY CREATING A SOLID FOUNDATION FOR THE FUTURE, IMPACTFOOL (IF) NONPROFITS CAN CONFIDENTLY EMBRACE GROWTH OPPORTUNITIES AND REALIZE THEIR TRUE POTENTIAL TO DELIVER MAXIMUM IMPACT AT SCALE.THE FOUNDATION PROVIDES EACH ORGANIZATION WITH AN IF SCALING PARTNER: A MEMBER OF OUR TEAM WITH DEEP EXPERTISE IN NONPROFIT MANAGEMENT AND SOCIAL IMPACT. THE IF SCALING PARTNER GETS HANDS-ON EXPERIENCE WORKING WITH THE CHOSEN NONPROFIT'S LEADERSHIP TO MEET IDENTIFIED NEEDS WITH EXPERTISE FROM THE MOTLEY FOOL STAFF, MEMBERS, AND OUTSIDE EXPERTS. THE FOUNDATION WILL HOST AN ANNUAL RETREAT OF IMPACTFOOL (IF) NONPROFIT LEADERS TO DEEPEN THE COLLABORATION AND KNOWLEDGE-SHARING BETWEEN LIKE-MINDED INNOVATORS.PLANNING AND FUNDRAISING OCCURRED THROUGHOUT FY24, CULMINATING IN TWO MULTI-YEAR GRANT AWARDS TOTALING $300,000 EACH. ADDITIONAL GRANTEES WILL BE SCREENED IN FY25.PRIOR TO THIS, A NATIONWIDE RULE BREAKER PROGRAM WAS ESTABLISHED TO FIND, FUND, AND AMPLIFY SOCIAL ENTREPRENEURS WHO WORK IN ONE OR MORE OF THE FIVE DRIVERS AND ARE MOVING THE NEEDLE WITH A PROVEN CONCEPT THAT'S READY TO SCALE. OUR GOAL WAS TO HELP THEM ON THEIR PATH TO MATURITY SO THAT THEY COULD BECOME LARGER, SCALED, MORE IMPACTFUL ORGANIZATIONS. THE PROGRAM CONCLUDED IN FY 2024 IN PREPARATION FOR A TRANSITION TO THE IF FUND, AND GRANTEES WERE MOVED TO ALUMNI STATUS. 168939 0 0 THE FOUNDATION BUILT ON EARLIER WORK TO CREATE A FINANCIAL FREEDOM ASSESSMENT TOOL. THE TOOL IS DESIGNED TO HELP INDIVIDUALS DETERMINE WHERE THEY ARE ON THE PATH TO FINANCIAL FREEDOM. IT BEGINS WITH A SURVEY THAT ASSESSES WHERE THE USER STANDS COMPARED TO A NATIONAL BENCHMARK STUDY CONDUCTED BY OUR PARTNERS AT THE FINANCIAL HEALTH NETWORK. IT THEN GENERATES A UNIQUE FINANCIAL FREEDOM SCORE FOR EACH OF THE FIVE MAJOR DRIVERS OF FINANCIAL FREEDOM: EDUCATION, HEALTH, HOUSING, MONEY, AND WORK. THIS SCORE WILL SERVE AS A LAUNCHING PAD FOR THE NEXT STEPS INDIVIDUALS CAN TAKE ON THEIR PATH TO FINANCIAL FREEDOM.THE FIRST PHASE IN FY24 INCLUDED DEVELOPING THE INITIAL MODEL, SURVEY QUESTIONS, AND SCORE GENERATION, CULMINATING IN A BETA TEST WITH OVER 6,000 USERS. FEEDBACK WAS OBTAINED FROM THE BETA TESTERS, INCLUDING THE USER EXPERIENCE, THOUGHTS ABOUT THE SCORE, AND IDEAS FOR THE EXPECTED NEXT STEPS. THE INPUT FROM THIS TEST IS BEING INCORPORATED INTO THE SECOND PHASE.THE SECOND PHASE IN FISCAL YEAR 2025 WILL PROVIDE USERS A GATEWAY TO PERSONALLY CURATED CONTENT THAT MEETS THEM WHERE THEY ARE AND MOVES THEM CLOSER TO FINANCIAL FREEDOM. THE TOOL WILL PROVIDE PERSONALIZED INSIGHTS AND LINKS TO TAILORED CONTENT TO GUIDE USERS ON ACTIONABLE STEPS TO IMPROVE THEIR FINANCIAL FREEDOM. ULTIMATELY, THE TOOL WILL BE PROVIDED FOR THE PUBLIC AND BUSINESS USERS.ULTIMATELY, THE TOOL WILL BE PROVIDED TO THE PUBLIC AND BUSINESS USERS. 34313 0 0 THE FOUNDATION CREATED THE SPARKS SERIES ON ITS WEBSITE AS A PLACE TO POST CONTENT THAT RELATES TO INSIGHTS AROUND THE FIVE DRIVERS OF FINANCIAL FREEDOM AND FOR USE AS A PLACE TO RESEARCH, EXPLORE, AND LEARN ABOUT THEM. PART OF THE CONTENT IS A VIDEO SERIES CONTAINING CONVERSATIONS WITH THE FOUNDATION RULE BREAKERS AND OTHERS WORKING IN THE DRIVERS. THE FOUNDATION ALSO USES THIS SITE TO SOLICIT IDEAS FOR FUTURE WORK. 108735 24657 0 OTHER PROGRAM EXPENSES INCLUDED SMALL GRANTS TO OTHER 501C3 ORGANIZATIONS THAT WORK WITHIN THE FIVE DRIVERS OF FINANCIAL FREEDOM AND IN CONJUNCTION WITH FOUNDATION VOLUNTEER EFFORTS AND TIME SPENT WITH EACH GRANTEE, GENERAL AND ADMINISTRATIVE SUPPORT AND MARCOMM FOR EXISTING PROGRAMS, AND EXPLORATION AND DEVELOPMENT EXPENSES FOR FUTURE PROGRAMS. 108735 24657 0 1353543 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 1 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA DC FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X JEFF HASLOW 2027706968 2000 DUKE STREET FL 2 ALEXANDRIA VA 22314 DAVID GARDNER CHAIR 2.00 9.00 X X 0 0 0 OLLEN DOUGLASS FINANCE CHAIR 1.00 0.00 X 0 0 0 MARGARET GARDNER GOVERNANCE CHAIR 1.00 0.00 X 0 0 0 ELAINE HUNGENBERG BOARD MEMBER 1.00 0.00 X 0 0 0 SEAN MILLIKEN BOARD MEMBER 1.00 0.00 X 0 0 0 SYLVIA SIERRA BOARD MEMBER 1.00 40.00 X 0 0 0 BERNITA BAILEY BOARD MEMBER 1.00 0.00 X 0 0 0 NEIL GRAYSON BOARD MEMBER 1.00 0.00 X 0 0 0 JON BUDDINGTON BOARD MEMBER - AS OF 05/24 1.00 0.00 X 0 0 0 MELISSA BRADLEY BOARD MEMBER - UNTIL 11/24 1.00 0.00 X 0 0 0 JENNIFER GENNARO OXLEY EXEC. DIRECTOR - UNTIL 9/24 40.00 0.00 X X 262857 0 38180 GEORGE KHALAF INTERIM EXEC. DIRECTOR - AS OF 9/24 40.00 0.00 X X 218197 0 36284 JEFF HASLOW TREASURER 20.00 30.00 X 0 0 0 TEE-ERA TURNER SECRETARY - AS OF 09/24 40.00 0.00 X 41731 0 3241 MARTINE CRUISE SECRETARY - UNTIL 08/24 40.00 0.00 X 81814 0 24212 JACKIE LEACH MAJOR GIFTS OFFICER 40.00 0.00 X 169084 0 15682 773683 0 117599 5 0 1 0 MELLONAID 9650 STRICKLAND RD SUITE 103-206 RALEIGH NC 27615 MARCOMM MANAGEMENT AND SUPPORT 323195 HYDE PARK CONSULTING 2708 O STREET NW WASHINGTON DC 20007 MARKETING 169500 2 981438 10302 981438 320560 320560 2500154 2460572 39582 39582 39582 1341580 0 0 360142 X 593578 593578 1598 1598 767557 345805 271356 150396 279793 238669 41124 7085 5699 1386 52455 8484 28431 15540 56661 20365 24315 11981 235875 160375 75500 24497 16891 7402 204 97005 97005 35055 35055 509188 151745 181164 176279 19698 19177 521 4574 501 3867 206 175679 22190 45542 107947 8519 2683 4930 906 38298 11331 13700 13267 3246 1650 1596 22922 22922 11129 11129 PROGRAM EXPENSES 17997 17997 BANK FEES 8303 8303 REGISTR. & FILING FEES 3997 3997 2974709 1353543 1024313 596853 3442382 2088531 272688 701393 37212 47654 101346 53851 46438 47495 8226842 10294964 250006 287018 12275568 13467055 33044 301049 570519 78980 64275 112024 935843 X 11890856 11858118 272688 673094 12163544 12531212 12275568 13467055 X -1633129 2030797 -30000 X 0 1 X 1 0 X 1000221 1593209 15910138 337022 981438 19822028 1000221 1593209 15910138 337022 981438 19822028 16589977 3232051 5004 757 65022 287769 320560 679112 20501140 0.15770 0.11590 X THE ORGANIZATION HAS A BROAD BASIS OF DONORS SUPPORTING THE ORGANIZATION. THE ORGANIZATION HAS MADE SIGNIFICANT EFFORTS TO OBTAIN FUNDING FROM A WIDE SWATH OF THE PUBLIC, BOTH DIRECTLY VIA INDIVIDUALS AS WELL AS VIA FUNDING FROM OTHER PUBLICLY-SUPPORTED CHARITABLE ORGANIZATIONS. THE BOARD OF TRUSTEES FOR THE FOUNDATION CONSISTS OF MEMBERS WHO HAVE EXPERTISE GERMANE TO THE PROGRAMMATIC FOCUSES OF THE ORGANIZATION, AS WELL AS MEMBERS WHO REPRESENT A VARIETY OF VIEWPOINTS AND APPROACHES VIA THEIR WORK ON OTHER CHARITABLE, EDUCATIONAL, AND RELIGIOUS ORGANIZATIONS. THE ORGANIZATION PUBLISHES RESEARCH AVAILABLE TO THE GENERAL PUBLIC SHARING THEIR KNOWLEDGE AND EXPERTISE ON THE ISSUES IMPACTING FINANCIAL FREEDOM SUCH AS THE "SPARK CONVERSATION SERIES" TO EDUCATE THE PUBLIC. THE FOUNDATION LEVERAGES THE EXPERTISE OF ITS OWN EMPLOYEES AND VOLUNTEERS, AS WELL AS THOSE OF ITS "RULE BREAKERS" GRANTEES TO SHARE SOLUTIONS AND OTHER INNOVATIVE APPROACHES TO ENSURE THAT "EVERYONE HAS ACCESS TO THE FIVE KEY DRIVERS OF FINANCIAL FREEDOM: HOUSING, EDUCATION, WORK, HEALTH, AND MONEY." THE FOUNDATION IS ALSO WORKING ON BUILDING AN ASSESSMENT TOOL THAT WILL BE PUBLICLY AVAILABLE TO HELP THOSE WHO USE IT UNDERSTAND WHERE THERE ARE OPPORTUNITIES FOR SMARTER FINANCIAL CHOICES. THE ORGANIZATION ACTIVELY PROMOTES ITS MISSION OF FINANCIAL FREEDOM FOR ALL AND UNDERTAKES SIGNIFICANT EFFORT TO MAKE SURE ITS INFORMATION AND EDUCATIONAL CONTENT IS SPREAD FAR AND WIDE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 101346 53851 47495 47495 DUE TO THE MOTLEY FOOL, LLC 64275 64275 X 3561345 2030797 254023 -30000 2254820 1306525 35055 35055 1341580 3193677 254023 254023 2939654 35055 35055 2974709 PART X, LINE 2: THE FOUNDATION REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE, OR REFLECT, ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES -30,000. 1 NEIGHBORSHARE 268 SIMPAUG TURNPIKE UNIT 75 REDDING CT 06896 850811667 501(C)(3) 285260 0 IMPACTFOOL FUND GRANT TZEDEK DC 4340 CONNECTICUT AVE NW STE 319 WASHINGTON DC 20008 812208907 501(C)(3) 285260 0 IMPACTFOOL FUND GRANT HABITAT FOR HUMANITY OF DC AND NOVA 2115 WARD CT NW STE 100 WASHINGTON DC 20037 521589700 501(C)(3) 10000 0 DONATION IN CONJUNCTION WITH DAY OF SERVICE 3 0 PART I, LINE 2: FOR GRANTS OVER $50,000, THE GRANTEES WERE EVALUATED BASED ON DOING WORK WITH POPULATION SEGMENTS THAT MEET OUR MISSION, VISION, AND PURPOSE. EACH GRANTEE MUST MAINTAIN THEIR 501C3 STATUS, FILE REQUIRED TAX RETURNS, AND ABIDE BY A CODE OF CONDUCT. THE PROGRAM DIRECTOR HAS REGULAR MEETINGS WITH THE GRANTEES TO MONITOR THEIR PROGRESS AND INCORPORATE THEM INTO THE FOUNDATION'S PROGRAMS AND NETWORK. FOR GRANTS UNDER $50,000, THE 501C3 STATUS OF THE ORGANIZATION IS VERIFIED AND THE GENERAL REPUTATION OF THE ORGANIZATION IS CONSIDERED ALONG WITH ITS MATCH TO THE ORGANIZATION'S MISSION, VISION, AND PURPOSE. X 1 1 X X X X X 0 0 1 0 0 0 0 1 0 JENNIFER GENNARO OXLEY EXEC. DIRECTOR - UNTIL 9/24 223511 0 1000 0 38346 0 13411 0 24769 0 301037 0 0 0 GEORGE KHALAF INTERIM EXEC. DIRECTOR - AS OF 9/24 209869 0 1000 0 7328 0 12593 0 23691 0 254481 0 0 0 JACKIE LEACH MAJOR GIFTS OFFICER 161729 0 0 0 7355 0 6540 0 9142 0 184766 0 0 0 PART I, LINE 1A ALL COMPENSATED PERSONS ARE ELIGIBLE FOR TAX GROSS-UP PAYMENTS, WHICH ARE INCLUDED IN TAXABLE COMPENSATION. PART I, LINE 4C ALL PERSONS BELOW PARTICIPATED IN AN EQUITY-BASED COMPENSATION ARRANGEMENT: -JENNIFER GENNARO OXLEY: $38,375 -GEORGE KHALAF: $4,553 -TEE-ERA TURNER: $20,488 -MARTINE CRUISE: $11,650 PART I, LINE 7 DURING CALENDAR YEAR 2023, THE FOLLOWING INDIVIDUALS RECEIVED A $1,000 NON-FIXED BONUS: JENNIFER GENNARO OXLEY, GEORGE KHALAF, MARTINE CRUISE. ALL WERE DISCRETIONARY SPOT BONUSES DETERMINED BY THE EMPLOYEE'S DIRECT SUPERVISOR BASED ON A SPECIFIC RECOGNITION EVENT AND DETERMINED AFTER THE FACT. THEY ARE NOT CONTINGENT ON PERFORMANCE OR OTHER CRITERIA. FORM 990, PART V, LINE 2A: FOUNDATION EMPLOYEES ARE COMPENSATED UNDER A SHARED SERVICES AGREEMENT WITH THE MOTLEY FOOL, LLC (THE LLC). THE TOTAL NUMBER OF EMPLOYEES SHARED WITH THE LLC FOR CALENDAR YEAR 2023 IS 6. EMPLOYEES RECEIVE A FORM W-2 FROM THE LLC. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBERS DAVID GARDNER, MARGARET GARDNER, OLLEN DOUGLASS, AND TREASURER, JEFF HASLOW, HAVE A BUSINESS RELATIONSHIP WITH THE SOLE MEMBER OF THE ORGANIZATION, THE MOTLEY FOOL HOLDINGS, INC. BOARD MEMBERS DAVID GARDNER AND MARGARET GARDNER HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS A SHARED SERVICES AGREEMENT UNDER WHICH IT LEASES EMPLOYEES FROM THE MOTLEY FOOL LLC (THE LLC). SOME MANAGEMENT DUTIES ARE DELEGATED UNDER THIS AGREEMENT INCLUDING HIRING AND FIRING PROCESSES (BUT NOT THE INDIVIDUAL HIRING AND FIRING DECISION), ONBOARDING, BENEFITS ADMINISTRATION, EMPLOYEE DEVELOPMENT, FACILITIES MANAGEMENT, AND CERTAIN TECHNOLOGY DEPLOYMENT, MAINTENANCE, AND ADMINISTRATION. THE LLC ALSO PROVIDES IN-KIND SERVICES RELATED TO PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS, LEGAL REVIEW, AND COMMUNICATIONS. DURING CALENDAR YEAR 2023, THE FOLLOWING OFFICER(S) RECEIVED REPORTABLE COMPENSATION FROM THE MANAGEMENT COMPANY FOR SERVICES PROVIDED TO THE FOUNDATION: - JEFF HASLOW, $178,822 FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE AMENDED TO CHANGE THE DEFINITION OF BOARD SERVICE TERMS, ESTABLISH A GOVERNANCE COMMITTEE, AND REQUIRE AN ANNUAL BOARD REVIEW OF THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 6 THE MOTLEY FOOL HOLDINGS, INC., IS THE SOLE MEMBER OF THE MOTLEY FOOL FOUNDATION. FORM 990, PART VI, SECTION A, LINE 7A THE MOTLEY FOOL HOLDINGS, INC., THE SOLE MEMBER OF THE MOTLEY FOOL FOUNDATION, CAN APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY THE MOTLEY FOOL HOLDINGS, INC., THE SOLE MEMBER OF THE MOTLEY FOOL FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN EXTERNAL, EXPERIENCED PROFESSIONAL ORGANIZATION BASED ON INPUT FROM THE FOUNDATION. PRIOR TO FILING THE FORM, THE TREASURER AND EXECUTIVE DIRECTOR REVIEW THE 990 AND THEN PRESENT IT TO THE BOARD OF TRUSTEES FOR REVIEW. CHANGES ARE MADE TO THE 990 AS NEEDED BASED ON THESE REVIEWS. IF ANY CHANGES ARE MADE, THE FORM GOES BACK THROUGH THE REVIEW PROCESS WITH THE TREASURER, EXECUTIVE DIRECTOR, AND BOARD. THE FORM IS APPROVED FOR FILING ONCE THE FINAL REVIEWS ARE COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, KEY EMPLOYEES, AND OFFICERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY DURING ONBOARDING AND SIGN A STATEMENT AFFIRMING RECEIPT, UNDERSTANDING, AND COMPLIANCE WITH THE POLICY. EACH PERSON ALSO AFFIRMS THAT THEY UNDERSTAND THAT THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION AND THAT, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. THESE STATEMENTS ARE REVIEWED AND RENEWED EACH FEBRUARY. PERIODIC REMINDERS ARE ALSO GIVEN IN MEETINGS THAT THE POLICY IS IN FORCE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION WORKS WITH THE PROVIDER OF ITS SHARED EMPLOYEES TO ESTABLISH COMPENSATION RANGES FOR EACH POSITION BASED ON PUBLISHED SURVEYS OF NON-PROFIT SALARIES AND CONSULTATION WITH THE CRONER COMPANY, A PROVIDER OF COMPENSATION BENCHMARKS. RECOMMENDATIONS FOR COMPENSATION CHANGES ARE MADE BY THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES AND PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, TAX FORM 990, AND STATE CHARITABLE DOCUMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AND BY REQUEST. OTHER GOVERNANCE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DESIGN SUPPORT, MARKETING, AND SOCIAL MEDIA CONSULTANTS: PROGRAM SERVICE EXPENSES 92,320. MANAGEMENT AND GENERAL EXPENSES 79,909. FUNDRAISING EXPENSES 145,829. TOTAL EXPENSES 318,058. MARKETING & BRAND MANAGEMENT: PROGRAM SERVICE EXPENSES 48,575. MANAGEMENT AND GENERAL EXPENSES 87,225. FUNDRAISING EXPENSES 30,450. TOTAL EXPENSES 166,250. VIDEO PRODUCTION & CONTENT CREATION: PROGRAM SERVICE EXPENSES 10,850. MANAGEMENT AND GENERAL EXPENSES 14,030. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,880. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGES -30,000. THE MOTLEY FOOL LLC 2000 DUKE STREET FL 2 ALEXANDRIA VA 22314 541742975 FINANCIAL PUBLISHING DE THE MOTLEY FOOL HOLDINGS INC THE MOTLEY FOOL HOLDINGS INC 2000 DUKE STREET FL 2 ALEXANDRIA VA 22314 263335778 PARENT - HOLDING COMPANY DE N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0