The Foundation Center

“Candid's form 990 is prepared by the outside accounting firm, pkf o'connor davies. The form 990 is then reviewed by the organization's chief operating and financial officer and ceo. Subsequently, the audit committee of candid's board of trustees and the full board receive an electronic copy of the form 990 and reviews the return. After responding to all inquiries and making any necessary changes, the final form 990 is provided to all members of the board prior to its filing with the irs.”

“A conflict of interest disclosure statement is obtained annually from all trustees, officers, manager and other key employees who are currently serving candid. A report summarizing the disclosure statements is provided to the board of trustees annually. It is candid's policy that in the event of a conflict the following is done: if there is a conflict relevant to a matter requiring action by the board of trustees, the interested person shall call it to the attention of the board of trustees, and the trustee concerned shall not vote on the matter. Moreover, the person having a conflict may answer questions that shall arise from the board of trustees, but shall retire from the room in which the board is meeting and shall not participate in any deliberation or decision regarding the matter under consideration. When there is doubt as to whether a conflict of interest exists, the matter shall be resolved by vote of the board of trustees or its committee, excluding from the room and the vote the person whose situation will be discussed. When a conflict of interest arises for any staff member except the president, that staff member shall report it to the ceo in writing. A conflict of interest relating to the ceo shall be reported in writing to the chair of the board. In addition, if the conflicted party has a substantial financial interest in the matter, the board would need to consider alternatives.”

“Candid's board of trustees, consisting of independent persons, establishes compensation for the ceo and reviews the compensation for the other officer(s) and vice presidents on an annual basis. Prior to making compensation decisions, the board obtains information on the compensation of functionally comparable positions for similarly qualified persons at similarly situated organizations and/or benchmark salaries for select positions obtained from salary surveys. Documentation of the deliberations and decisions were made via email. The compensation review process was last undertaken in october 2022.”

“Candid's audited financial statements and annual report for the past five years are posted on its website and are downloadable. In addition, governance and staffing policies are posted, including the code of conduct (which includes the conflict of interest policy), diversity statement and the executive compensation policy.”

“Every year, millions of nonprofits spend trillions of dollars around the world. Candid finds out where that money comes from, where it goes, and why it matters. This gives us a unique platform where we can surface data and insights to inform decision-making, streamline the grantmaking process, and ensure more equitable access to funding. Candid gets you the information you need to do good.”

“Product program accomplishments in 2024 include the following: candid offers a variety of products and services to support the social sector. These include a comprehensive fundraising database of grantmakers and grants, a database of nonprofits that helps donors support the causes they care about, custom training courses, apis that that power websites and applications with candid's comprehensive social sector data, and more. In 2024, we were hard at work on our newest product: candid search. Candid search aims to synthesize answers to your questions about the social sector all in one place, bringing together key features of our flagship products such as foundation directory, guidestar/charity check, seals of transparency, 990 finder, philanthropy news digest, candid learning, foundation maps, and more. As we gear up to launch candid search in late-2025, we've been rolling out market-changing features and gathering feedback to refine them along the way.”

“Major public interest & other programs accomplishments in 2024 include the following: today, 95% of users access candid's data for free. Candid's tools and resources help nonprofits find funding, increase their visibility, and build skills and knowledge. There are several ways we make our resources accessible, particularly to smaller, under-resourced nonprofits. Nearly all of our training content on candid learning is available for free. Foundation directory and candid profiles on guidestar are available for free use at our candid community partner in 1,806 locations across the country. To ensure that financial resources and geographic location are never a barrier, our go for gold initiative allows 501c3 organizations with budgets of less than $1 million to access a free subscription to foundation directory essential if they fill out their candid profile and earn a gold seal of transparency. Our free virtual library of curated ebooks and audiobooks covers topics pertinent to the social sector such as fundraising, nonprofit management, social entrepreneurship, and board development. And our online librarian service makes it easy for people to engage with our team of experts to get answers to their questions about foundations, philanthropy, fundraising, and nonprofits. In 2024, we had 56,000 training registrants to our free professional development courses, 1,700 free subscriptions redeemed through our go for gold initiative, and 1,710 locations now providing free, local access to our tools and services (an 80% increase over 2023).”

“Major data collection & analysis accomplishments in 2024 include the following: data is the cornerstone of candid's value to the social sector. We collect data from the irs and other government agencies around the world, from funders and nonprofits directly, and other sources. This data is then cleaned and coded according to our taxonomy so that it's easy to find useful information. We are expanding our data collection efforts by building partnerships and increasing the number of organizations that share their data with us. Our data is updated daily as partners submit it and/or we find new data sources. In 2024, we focused on increasing the freshness, quality, and comprehensiveness of our data. We help the field make meaning of candid data through our research reports and blogs which showcase how candid data can explain what is happening in the sector. In 2024, we produced two research reports, two key facts pieces, and published 16 thought leadership pieces informed by our data and research.”

“Postretirement changes other than net periodic benefit cost 93,385.”

“Candid did not change either its oversight process or selection process during the tax year.”