Civic Intelligence

The V Foundation

990 • Fiscal year 2017 • EIN 13-3705951

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 08, 2018

Refreshing map…

14600 Weston ParkwayCary, NC 27513

(919) 380-9505

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.51x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

1.25x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

57th percentile

5.4%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$368,737

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

54th percentile

6.9%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

18%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Assets

Up

$71,549,284

Up $4,594,164 (+6.9%) from 2016

Net Assets

Up

$34,818,138

Up $1,724,096 (+5.2%) from 2016

Liabilities

Up

$36,731,146

Up $2,870,068 (+8.5%) from 2016

Revenue

Up

$29,273,062

Up $4,528,439 (+18%) from 2016

Expenses

Up

$27,693,120

Up $2,227,199 (+8.7%) from 2016

Net Income

Up

$1,579,942

Up $2,301,240 (+319%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $34,651,145Liabilities 2011: $19,585,284Net Assets 2011: $15,065,8612011Assets 2012: $36,782,510Liabilities 2012: $20,398,712Net Assets 2012: $16,383,7982012Assets 2013: $40,190,117Liabilities 2013: $22,213,219Net Assets 2013: $17,976,8982013Assets 2014: $55,466,949Liabilities 2014: $24,154,466Net Assets 2014: $31,312,4832014Assets 2015: $64,624,484Liabilities 2015: $31,776,212Net Assets 2015: $32,848,2722015Assets 2016: $66,955,120Liabilities 2016: $33,861,078Net Assets 2016: $33,094,0422016Assets 2017: $71,549,284Liabilities 2017: $36,731,146Net Assets 2017: $34,818,1382017Assets 2018: $74,304,132Liabilities 2018: $35,175,232Net Assets 2018: $39,128,9002018Assets 2019: $76,463,175Liabilities 2019: $36,658,661Net Assets 2019: $39,804,5142019Assets 2020: $66,068,927Liabilities 2020: $24,293,257Net Assets 2020: $41,775,6702020Assets 2021: $77,875,594Liabilities 2021: $26,970,011Net Assets 2021: $50,905,5832021Assets 2022: $79,722,279Liabilities 2022: $29,804,178Net Assets 2022: $49,918,1012022Assets 2023: $99,605,978Liabilities 2023: $48,682,216Net Assets 2023: $50,923,7622023Assets 2024: $129,345,194Liabilities 2024: $63,773,249Net Assets 2024: $65,571,9452024Assets 2025: $145,853,123Liabilities 2025: $85,546,961Net Assets 2025: $60,306,1622025

Highlighted filing

2017

Assets$71,549,284
Liabilities$36,731,146
Net Assets$34,818,138

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2011: $15,066,421Expenses 2011: $14,415,183Net Income 2011: $651,2382011Expenses 2012: $17,032,3072012Revenue 2013: $17,794,856Expenses 2013: $16,928,752Net Income 2013: $866,1042013Revenue 2014: $31,093,042Expenses 2014: $18,820,333Net Income 2014: $12,272,7092014Revenue 2015: $28,470,653Expenses 2015: $25,201,155Net Income 2015: $3,269,4982015Revenue 2016: $24,744,623Expenses 2016: $25,465,921Net Income 2016: -$721,2982016Revenue 2017: $29,273,062Expenses 2017: $27,693,120Net Income 2017: $1,579,9422017Revenue 2018: $40,085,199Expenses 2018: $30,945,548Net Income 2018: $9,139,6512018Revenue 2019: $33,522,505Expenses 2019: $33,129,624Net Income 2019: $392,8812019Revenue 2020: $19,512,235Expenses 2020: $18,863,499Net Income 2020: $648,7362020Revenue 2021: $32,236,754Expenses 2021: $26,594,551Net Income 2021: $5,642,2032021Revenue 2022: $38,304,202Expenses 2022: $33,070,010Net Income 2022: $5,234,1922022Revenue 2023: $47,813,363Expenses 2023: $50,407,793Net Income 2023: -$2,594,4302023Revenue 2024: $62,401,014Expenses 2024: $51,901,965Net Income 2024: $10,499,0492024Revenue 2025: $61,639,637Expenses 2025: $70,594,561Net Income 2025: -$8,954,9242025

Highlighted filing

2017

Revenue$29,273,062
Expenses$27,693,120
Net Income$1,579,942
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$39,764,547
Mission and Program Overview

Mission

We fund game-changing research and all-star scientists to accelerate victory over cancer and save lives.

TO PUT AN END TO CANCER.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$26,259,143$28,311,861▲ $2,052,718
Savings and Temporary Cash Investments$15,038,903$20,848,879▲ $5,809,976
Cash and Non-Interest-Bearing Accounts$11,676,524$10,007,248▼ $1,669,276
Pledges and Grants Receivable$9,793,140$8,446,471▼ $1,346,669
Land, Buildings, and Equipment, Net$1,898,342$1,914,991▲ $16,649
Investments Other Securities$1,984,937$1,733,570▼ $251,367
Accounts Receivable$146,048$217,350▲ $71,302
Intangible Assets$50,000$50,000→ $0
Prepaid Expenses and Deferred Charges$87,933$18,914▼ $69,019
Total Assets$66,955,120$71,549,284▲ $4,594,164
Other Assets Total$20,150$0▼ $20,150
Liabilities
Grants Payable$31,806,854$34,522,755▲ $2,715,901
Mortgage Notes Payable Secured by Investment Property$1,800,000$1,800,000→ $0
Accounts Payable and Accrued Expenses$254,224$408,391▲ $154,167
Total Liabilities$33,861,078$36,731,146▲ $2,870,068
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,437,488$15,916,230▲ $5,478,742
Permanently Rstr Net Assets$12,181,603$12,114,202▼ $67,401
Unrestricted Net Assets$10,474,951$6,787,706▼ $3,687,245
Total Net Assets Fund Balance$33,094,042$34,818,138▲ $1,724,096
Total Liabilities and Net Assets / Fund Balance$66,955,120$71,549,284▲ $4,594,164

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,772,634$78,067$1,850,701
Other Land Buildings$121,186$120,391$241,577
Equipment$21,171$55,173$76,344

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$28,677,295$1,100,403▲ $2,720,192$3,554,215$28,775,508
2015$28,068,697$1,778,641▲ $2,387,002$3,382,239$28,677,295
2014$27,100,973$4,422,053▼ $257,879$3,006,094$28,068,697
2013$22,688,463$5,105,927▲ $2,814,144$3,315,837$27,100,973
2012$21,570,607$2,640,094▲ $1,741,333$3,072,283$22,688,463
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan BraunCEOPT$315,675$53,062$368,737
Norm BowlingChief Revenue OfficerPT$225,000$16,268$241,268
Robert SteegerVP of Corporate PartnershiFT$168,249$33,921$202,170
Jefferson ParkerCfaoPT$152,686$32,446$185,132
Keith GoralskiSr Director FundraisingFT$150,000$28,645$178,645
John LeshneyEmployeeFT$140,087$30,275$170,362
Rebecca BumgardnerSr Philanthropic Gift OfficerFT$131,192$13,354$144,546
Shahrzad MazurVP CommunicationFT$102,750$28,637$131,387
Carole WegnerVP Research & Grants AdminFT$100,029$15,535$115,564

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Stacie S HershmanConsultant For Gastric Cancer Foundation1232 MILLBRAE AVE, Millbrae, CA 94030$124,111
Revenue and Support

Revenue Composition

Contributions and Grants
$27,621,511
Program Service Revenue
$0
Investment Income
$1,478,661
Other Revenue
$172,890
All Other Contributions
$20,945,211
Change in Net Assets
$1,579,942

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded56$2,168,824Fair Market Value
Other Non Cash Contri Table1$58,000Fair Market Value
Total Noncash Contributions57$2,226,824-

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,104,895
Revenue Not Reported on Financial Statements
$168,167
Revenue Not Reported on Form 990
$1,334,695
Total Revenue per Audited Statements
$30,439,590
Total Revenue per Form 990
$29,273,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$23,257,280
Salaries, Compensation, and Employee Benefits$2,656,163
Other Expenses$1,779,677
Total Fundraising Expense$1,434,909
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$22,657,280--$22,657,280
Other Salaries and Wages$501,842$379,210$481,923$1,362,975
Current Officers, Directors, Trustees, and Key Employees$277,920$210,006$266,890$754,816
Foreign Grants$600,000--$600,000
Other Employee Benefits$131,928$99,689$126,690$358,307
Office Expenses$115,182$87,036$110,610$312,828
Information Technology$71,479$54,013$68,643$194,135
Travel$62,748$47,414$60,257$170,419
Fees for Service Investment Mgmnt Fees-$168,167-$168,167
Payroll Taxes$53,630$40,525$51,502$145,657
Fees for Services Other$23,994$92,383$4,726$121,103
All Other Expenses$42,064$21,567$27,408$91,039
Depreciation Depletion$33,340$25,193$32,017$90,550
Advertising$30,418$22,986$29,212$82,616
Other Expenses$75,454$37,638$87,278$75,454
Occupancy$21,591$16,315$20,735$58,641
Pension Plan Contributions$12,669$9,573$12,166$34,408
Insurance$7,309$5,524$7,020$19,853
Total Functional Expenses$24,940,972$1,317,239$1,434,909$27,693,120

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$27,693,120
Total Expenses per Audited Statements$27,676,608
Expenses per Audited Statements$27,524,953
Expenses Not Reported on Financial Statements$168,167
Expenses Not Reported on Form 990$151,655
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Johns Hopkins UniversityChicago, IL501(c)(3)Cancer Research$1,800,000
BOSTON CHILDREN'S HOSPIALBoston, MA501(c)(3)Cancer Research$1,200,000
University of Colorado DenverAurora, CO501(c)(3)Cancer Research$1,200,000
University of North Carolina at Chapel HillChapel Hill, NC501(c)(3)Cancer Research$1,200,000
University of UtahSalt Lake City, UT501(c)(3)Cancer Research$1,200,000
CHILDREN'S HOSPITAL OF LOS ANGELESLos Angeles, CA501(c)(3)Cancer Research$1,100,000
Duke UniversityCharlotte, NC501(c)(3)Cancer Research$1,100,000
Moffitt Cancer CenterAtlanta, GA501(c)(3)Cancer Research$926,000
University of California San DiegoLa Jolla, CA501(c)(3)Cancer Research$841,200
Beckman Research Institute of City of HopeDurate, CA501(c)(3)Cancer Research$800,000
Stanford University School of MedicineSan Francisco, CA501(c)(3)Cancer Research$650,000
Albert Einstein College of MedicineBronx, NY501(c)(6)Cancer Research$600,000
Beth Israel Deaconess Medical CenterBoston, MA501(c)(3)Cancer Research$600,000
CHILDREN'S HOSPITAL OF PHILADELPHIA RESEARCH INSTITUTEPhiladelphia, PA501(c)(3)Cancer Research$600,000
Massachusetts General HospitalBoston, MA501(c)(3)Cancer Research$600,000
Prostate Cancer FoundationSanta Monica, CA501(c)(3)Cancer Research$600,000
TEXAS CHILDREN'S HOSPITALHouson, TX501(c)(3)Cancer Research$600,000
The Regents of the University of California San FranciscoSan Francisco, CA501(c)(3)Cancer Research$600,000
The Rockefeller UniversityNew York, NY501(c)(3)Cancer Research$600,000
The Trustees of the University of PennsylvaniaPhiladelphia, PA501(c)(3)Cancer Research$600,000
University of ChicagoChicago, IL501(c)(3)Cancer Research$600,000
University of FloridaGainesville, FL501(c)(3)Cancer Research$600,000
Ut Health Science Center at San AntonioSan Antonio, TX501(c)(3)Cancer Research$600,000
Washington UniversitySt Louis, MO501(c)(3)Cancer Research$600,000
Dana-farber Cancer InstituteBoston, MA501(c)(3)Cancer Research$400,000
Ole HealthNapa, CA501(c)(3)Cancer Research$300,000
Emory UniversityAtlanta, GA501(c)(3)Cancer Research$244,000
The Aga Research FoundationBethesda, MD501(c)(6)Cancer Research$225,000
Carolina Healthcare FoundationCharlotte, NC501(c)(3)Cancer Research$200,000
New York University School of MedicineBoston, MA501(c)(3)Cancer Research$200,000
Oregon Health and Science UniversityPortland, OR501(c)(3)Cancer Research$200,000
Regents of the University of MichiganAnn Arbor, MI501(c)(3)Cancer Research$200,000
ST JUDE CHILDREN'S RESEARCH HOSPITALMemphis, TN501(c)(3)Cancer Research$200,000
The University of Texas Md Anderson Cancer CenterHouston, TX501(c)(3)Cancer Research$200,000
University of California Los AngelesLos Angeles, CA501(c)(3)Cancer Research$200,000
University of Kentucky Research FoundationLexington, KY501(c)(3)Cancer Research$200,000
Yale UniversityNew Haven, CT501(c)(3)Cancer Research$200,000
Queen of the Valley FoundationNapa, CA501(c)(3)Cancer Research$150,000
St Helena Hospital FoundationSt Helena, CA501(c)(3)Cancer Research$150,000
University of Kansas Medical Center Research InstituteKansas City, KS501(c)(3)Cancer Research$150,000
University of VirginiaCharlottesville, VA501(c)(3)Cancer Research$115,000
Ut Southwestern Medical CenterDallas, TX501(c)(3)Cancer Research$100,000
CHILDREN'S HOSPITAL OF PITTSBURGHPittsburgh, PA501(c)(3)Cancer Research$84,000
University of ArizonaTucson, AZ501(c)(3)Cancer Research$56,000
Baptist Health South Florida FoundationCoral Gables, FL501(c)(3)Cancer Research$42,700
ALL CHILDREN'S RESEARCH INSTITUTESt Petersburg, FL501(c)(3)Cancer Research$30,000
Ochsner Clinic FoundationNew Orleans, LA501(c)(3)Cancer Research$24,500
Fox Chase Cancer CenterPhiladelphia, PA501(c)(3)Cancer Research$5,600
Change in Discount on Grants Payable--N/a$-225,330
Grants Refunded in Current Year--N/a$-827,581

International Summary

Offices
0
Employees
0
Spending
$600,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrants to Support Cancer Research.Grants to Support Cancer Research.00$600,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$86,500
Gaming Direct Expenses$58,578
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Nicholas valvano, president emeritus, robert valvano, board director, and pamela valvano strasser, board chairwoman, have a family relationship.

Form 990, Part VI, Section B, Line 11B

The ceo, cfo, director of finance, and board treasurer review the form 990 in detail. A draft of form 990 is then provided to the board of directors for review prior to filing.

Form 990, Part VI, Section B, Line 12C

All board members and employees must sign the conflict of interest policy when they join the foundation, and they are required to sign it annually thereafter. The foundation relies upon voluntary reporting of any conflicts of interest.

Form 990, Part VI, Section B, Line 15

The process for determining compensation for the positions of ceo, cfo, or any key management position includes the use of total compensation solutions not for profit compensation survey, charity navigator's ceo compensation study, journal of philanthropy nonprofit compensation report, a review by the finance/compensation committee, and approval by the board of directors. The foundation has also consulted with an executive search firm when setting ceo compensation.

Form 990, Part VI, Section C, Line 19

The foundation publishes its audit report on its website. The foundation's governing documents and conflict of interest policy are available upon request.

Form 990, Part VI, Line 8B

The executive committee may act on behalf of the board in their absence. All such actions are ratified by the board when it next meets.

Filing and Contact Details

Filer

Filer Name
The V Foundation
EIN
13-3705951
Phone
9193809505
Address
14600 WESTON PARKWAY, CARY, NC 27513

Signing Officer

Name
Susan Braun
Title
CEO
Phone
9193809505
Signed
2018-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Braun
Formed
1993
Legal Domicile
Nc
Voting Board Members
36
Independent Board Members
36
Employees
45
Volunteers
54

Preparer

Firm
Blackman & Sloop Cpas Pa
Address
1414 RALEIGH RD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Deetra B Watson
Phone
9199428700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Loss from bad debts -151,077.

FORM 990, PART XII, LINE 2C:

The foundation's audit committee has oversight for the audit of the financial statements. This has not changed from the prior year.

Form 990, Part XI, Line 8

During the year ended september 30, 2017, management noted promises to give that had been recognized as revenue that were from donor advised funds. As such, management adjusted net assets and related accounts accordingly. Total net changes to prior year net assets: $1,038,886 this change was reflected as a prior period adjustment on the 990 and in schedule d, and total contributions for 2015 on schedule a, part ii, line 1, column d was adjusted accordingly.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment consists of one individual fund established for providing long-term stability and utilization of its earnings for funding of the operations of the foundation.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Gaming expenses netted with revenue 578.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Loss from bad debts 151,077. Gaming expenses netted with revenue 578.

Raw XML AppendixShowing 400 of 1,560 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0IN FY 2017, THE FOUNDATION AWARDED 13 V SCHOLAR GRANTS TO IDENTIFY, RETAIN AND FURTHER THE CAREERS OF TALENTED YOUNG INVESTIGATORS, 26 GRANTS IN TRANSLATIONAL CLINICAL RESEARCH, AND 29 DESIGNATED GRANTS INSPIRED BY PARTICULAR AREAS OF SCIENTIFIC INTEREST AND/OR GEOGRAPHIC REACH. THESE GRANTS WERE AWARDS TO RESEARCHERS AT LEADING INSTITUTIONS ACROSS 22 STATES AND CANCDA. THE V FOUNDATION ENSURES THAT RESOURCES REACH THE BEST AND MOST PROMISING CANCER RESEARCHERS AND PROJECTS. WE ASSURE DONORS THAT THEY ARE MAKING A SOUND INVESTMENT BECAUSE WE TAKE A STRATEGIC APPROACH TO OUR FUNDING. WE FOCUS ON EMERGING, HIGH-IMPACT OPPORTUNITIES AND ADDRESS CRITICAL KNOWLEDGE GAPS IN SCIENCE. WE REALIZE THAT, FOR SOMEONE AT RISK OF CANCER OR ALREADY OF BEING TREATED FOR IT, TIME IS CRITICAL. THERE IS NOT A MOMENT TO LOSE.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$85.5$60.3$61.6$70.6$8.95
2024Detailed filing. Detailed filing data is available for this year.$129$63.8$65.6$62.4$51.9$10.5
2023Detailed filing. Detailed filing data is available for this year.$99.6$48.7$50.9$47.8$50.4$2.59
2022Detailed filing. Detailed filing data is available for this year.$79.7$29.8$49.9$38.3$33.1$5.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.9$27.0$50.9$32.2$26.6$5.64
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.1$24.3$41.8$19.5$18.9$0.65
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.5$36.7$39.8$33.5$33.1$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.3$35.2$39.1$40.1$30.9$9.14
2017Detailed filing. Detailed filing data is available for this year.$71.5$36.7$34.8$29.3$27.7$1.58
2016Detailed filing. Detailed filing data is available for this year.$67.0$33.9$33.1$24.7$25.5$0.72
2015Detailed filing. Detailed filing data is available for this year.$64.6$31.8$32.8$28.5$25.2$3.27
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$55.5$24.2$31.3$31.1$18.8$12.3
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.2$22.2$18.0$17.8$16.9$0.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.8$20.4$16.4$17.0
2011Summary only. Only limited summary data is available for this year.$34.7$19.6$15.1$15.1$14.4$0.65
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • NTEE H • $50M-$100M nonprofits