TY 2023 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)
(1) CINDY JONES DIRECTOR (ALL OF 2023)/DEPUTY CGO (STARTING JUNE 2023)	6.0 ................. 0.0	X	X		0	0
(2) DAVID HERBISON DIRECTOR/CGO (RETIRED JUNE 2023)	4.0 ................. 0.0	X	X		0	0
(3) EMMA MILLER DIRECTOR/DEPUTY CGO (UNTIL MAY 2023) DIRECTOR/CGO (STARTING JUNE 2023)	6.0 ................. 0.0	X	X		0	0
(4) ABBY MARIE J ROHR DIRECTOR	3.0 ................. 0.0	X			0	0
(5) DENNIS BERNARDO DIRECTOR	4.0 ................. 0.0	X			0	0
(6) HUGO PLAZA BELTRAN DIRECTOR (NON-VOTING) (RETIRED JUNE 2023)	0.5 ................. 0.0	X			0	0
(7) JOE BARKER DIRECTOR	5.0 ................. 0.0	X			0	0
(8) LISA PHILLIP DIRECTOR	2.0 ................. 0.0	X			0	0
(9) LISSA HAAG DIRECTOR	2.0 ................. 0.0	X			0	0
(10) REV DENNIS MARTIN PREACH REP-NON-VOTING (RETIRED JUNE 2023)	1.0 ................. 0.0	X			11,345	0
(11) SUSAN JOHNSON DIRECTOR	2.0 ................. 0.0	X			0	0
(12) VINCENT MURMU DIRECTOR (NON-VOTING) (RETIRED JUNE 2023)	0.5 ................. 0.0	X			0	0
(13) ASHLEY HUFFT INTERIM PRESIDENT/CEO (STARTING AUGUST 2023) (NON-VOTING)	55.0 ................. 0.0		X		243,669	37,967
(14) MARTIN KRAUS TREASURER (NON-VOTING)/CFO	50.0 ................. 0.0		X		182,744	42,166
(15) SCOTT WASSERMAN PRESIDENT/CEO (RETIRED JULY 2023) (NON-VOTING)	55.0 ................. 0.0		X		330,476	59,436
(16) WILLIAM HANSEN SECRETARY (NON-VOTING)/VP FINANCE	45.0 ................. 0.0		X		120,725	22,329
(17) ANDREA EWING CHIEF OPERATING OFFICER	45.0 ................. 0.0			X	189,227	50,088

(A) Name and business address	(B) Description of services	(C) Compensation
TFBOK-FINANCIAL PO BOX 443 TULSA,OK74101	MERCHANT SERVICES	1,003,727
MEDIA TWO INTERACTIVE LLC 112 S BLOUNT ST RALEIGH,NC27601	ADVERTISING	640,723
RSM US LLP 4622 PENNSYLVANIA AVE SUITE 1100 KANSAS CITY,MO64112	CONSULTING	232,048
BOK-FINANCIAL 7101 COLLEGE BLVD FLOOR 11 OVERLAND PARK,KS66210	BANKING SERVICES	223,588
AMERICAN EXPRESS 200 VESEY STREET NEW YORK,NY10285	MERCHANT SERVICES	203,698
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 12

- TIN:

SCHEDULE A
(Form 990)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

Unbound

Employer identification number

43-1243999

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 33 1/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box on lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990) 2023

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	137,342,202	139,403,527	142,617,882	137,562,066	136,803,692	693,729,369
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf ....						0
3	The value of services or facilities furnished by a governmental unit to the organization without charge..						0
4	Total. Add lines 1 through 3	137,342,202	139,403,527	142,617,882	137,562,066	136,803,692	693,729,369
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) ..						0
6	Public support. Subtract line 5 from line 4.						693,729,369

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
7	Amounts from line 4..	137,342,202	139,403,527	142,617,882	137,562,066	136,803,692	693,729,369
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	1,477,335	1,512,656	1,865,745	2,210,569	2,496,375	9,562,680
9	Net income from unrelated business activities, whether or not the business is regularly carried on..						0
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	766	1,385	504	423	584	3,662
11	Total support. Add lines 7 through 10						703,295,711

Gross receipts from related activities, etc. (see instructions) ..................

858,091

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2023 (line 6, column (f) divided by line 11, column (f)) .........

98.64 %

Public support percentage for 2022 Schedule A, Part II, line 14 ...............

98.82 %

16a

33 1/3% support test—2023. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2022. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2023. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

10%-facts-and-circumstances test—2022. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization ............ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990) 2023

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2019	(b) 2020	(c) 2021	(d) 2022	(e) 2023	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First 5 years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here................................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2023 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2022 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2023 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2022 Schedule A, Part III, line 17 .............

19a

33 1/3% support tests-2023. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3 % support tests—2022. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ..... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990) 2023

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked box 12a, of Part I, complete Sections A and B. If you checked box 12b, of Part I, complete Sections A and C. If you checked box 12c, of Part I, complete Sections A, D, and E. If you checked box12d, of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer lines 3b and 3c below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked box 12a or 12b in Part I, answer lines 4b and 4c below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer lines 5b and 5c below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described on line 7? If “Yes,” complete Part I of Schedule L (Form 990).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons, as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined on line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined on line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990) 2023

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described on lines 11b and 11c below, the governing body of a supported organization?

11a

A family member of a person described on 11a above?

11b

A 35% controlled entity of a person described on line 11a or 11b above? If “Yes” to 11a, 11b, or 11c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the officers, directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in line 2 above, did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer lines 2a and 2b below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described on line 2a, above constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer lines 3a and 3b below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations?If "Yes" or "No", provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990) 2023

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by 0.035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990) 2023

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes	1
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity	2
3 Administrative expenses paid to accomplish exempt purposes of supported organizations	3
4 Amounts paid to acquire exempt-use assets	4
5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI)	5
6 Other distributions (describe in Part VI). See instructions	6
7Total annual distributions. Add lines 1 through 6.	7
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions	8
9 Distributable amount for 2023 from Section C, line 6	9
10 Line 8 amount divided by Line 9 amount	10

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2023	(iii) Distributable Amount for 2023
1 Distributable amount for 2023 from Section C, line 6
2 Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2023:
a From 2018.......
b From 2019.......
c From 2020.......
d From 2021.......
e From 2022.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2023 distributable amount
i Carryover from 2018 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from line 3f.
4Distributions for 2023 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2023 distributable amount
c Remainder. Subtract lines 4a and 4b from line 4.
5 Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2024. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2019.....
b Excess from 2020.....
c Excess from 2021.....
d Excess from 2022.....
e Excess from 2023.....

Schedule A (Form 990) (2023)

Schedule A (Form 990) 2023

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation
Schedule A, Part II, Line 10 Other Income	DESCRIPTION - OTHER REVENUE, COLUMN A - 766.0, COLUMN B - 1385.0, COLUMN C - 504.0, COLUMN D - 423.0, COLUMN E - 584.0, COLUMN F - 3662.0;

Schedule A (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v5.1

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
right arrow

Attach to Form 990.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

Name of the organization

Unbound

Employer identification number

43-1243999

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after July 25, 2006, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year right arrow

Number of states where property subject to conservation easement is located right arrow

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
right arrow

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... right arrow

(ii)

Assets included in Form 990, Part X ............................... right arrow

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... right arrow

Assets included in Form 990, Part X ............................... right arrow

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2022

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....
b	Contributions ...
c	Net investment earnings, gains, and losses
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...
f	Administrative expenses ....
g	End of year balance ......

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment right arrow

Permanent endowment right arrow

Term endowment right arrow

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	273,053		273,053
b	Buildings ....	4,821,049	2,481,578	2,339,471
c	Leasehold improvements
d	Equipment ....	690,037	552,029	138,008
e	Other .....	2,755,623	2,755,623	0
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				2,750,532

Schedule D (Form 990) 2022

Page 3

Part VII

Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1)CSV LIFE INSURANCE				45,440
(2)ASSETS HELD FOR SALE
(3)ANNUITIES				11,629,853
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				11,675,293

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
ANNUITY OBLIGATIONS	630,850








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	630,850
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2022

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	142,157,952
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	2,197,165
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ...........	2d	0
e	Add lines 2a through 2d .....................			2e	2,197,165
3	Subtract line 2e from line 1..................			3	139,960,787
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b	7,838
c	Add lines 4a and 4b....................			4c	7,838
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	139,968,625

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	138,905,004
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ...........	2d	0
e	Add lines 2a through 2d....................			2e	0
3	Subtract line 2e from line 1...................			3	138,905,004
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ...........	4b	1,691
c	Add lines 4a and 4b.....................			4c	1,691
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	138,906,695

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
Schedule D, Part X, Line 2	MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	CHANGE IN UNINSURED ANNUITY OBLIGATIONS - 9761 UNBOUND - PHILIPPINES BRANCH - INVESTMENT INCOME - -2 UNBOUND - COLOMBIA + PHILIPPINES CURRENCY G/L - -1921
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	UNBOUND - COLOMBIA + PHILIPPINES EXPENSES - 1691

Schedule D (Form 990) 2022

Additional Data

Software ID:	23017437
Software Version:	2023v5.1

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990, Part IV, line 14b, 15, or 16. Right arrow

Attach to Form 990. Right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization
Unbound

Employer identification number

43-1243999

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 14b.

For grantmakers. Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(b) Number of offices in the region	(c) Number of employees, agents, and independent contractors in the region	(d) Activities conducted in region (by type) (such as, fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in the region	(f) Total expenditures for and investments in the region
	Central America and the Caribbean	0	0	Grantmaking		44,487,205
	East Asia and the Pacific	0	0	Grantmaking		18,111,779
	North America (Canada & Mexico only)	0	0	Grantmaking		3,362,093
	South America	0	0	Grantmaking		20,590,373
	South Asia	0	0	Grantmaking		8,679,236
	Sub-Saharan Africa	0	0	Grantmaking		19,817,767
	Central America and the Caribbean	0	2	Program Services	PROJ MENTOR & MONITOR	163,040
	East Asia and the Pacific	0	0	Program Services	PROJ MENTOR & MONITOR	44,000
	North America (Canada & Mexico only)	0	1	Program Services	PROJ MENTOR & MONITOR	41,036
	South America	0	0	Program Services	PROJ MENTOR & MONITOR	49,492
	South Asia	0	0	Program Services	PROJ MENTOR & MONITOR	21,113
	Sub-Saharan Africa	0	1	Program Services	PROJ MENTOR & MONITOR	77,704
	Central America and the Caribbean	1	0	Program Services	PROJ MENTOR & MONITOR	1,071,054




3a	Sub-total ....	1	4			116,515,892
b	Total from continuation sheets to Part I ...	0	0			0
c	Totals (add lines 3a and 3b)	1	4			116,515,892

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2023

Schedule F (Form 990) 2023

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

(c) Region	(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement
Central America and the Caribbean	PROJ. INFRASTRUCTURE /EMERGENCY/SCHOLARSHIP/OTHER ASSISTANCE.	3,637,756	WIRE
East Asia and the Pacific	PROJ. INFRASTRUCTURE /EMERGENCY/SCHOLARSHIP/OTHER ASSISTANCE.	1,694,241	WIRE
North America (Canada & Mexico only)	PROJ. INFRASTRUCTURE /EMERGENCY/SCHOLARSHIP/OTHER ASSISTANCE.	518,811	WIRE
South America	PROJ. INFRASTRUCTURE /EMERGENCY/SCHOLARSHIP/OTHER ASSISTANCE.	2,384,450	WIRE
South Asia	PROJ. INFRASTRUCTURE /EMERGENCY/SCHOLARSHIP/OTHER ASSISTANCE.	693,640	WIRE
Sub-Saharan Africa	PROJ. INFRASTRUCTURE /EMERGENCY/SCHOLARSHIP/OTHER ASSISTANCE.	1,423,308	WIRE

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	34
3	Enter total number of other organizations or entities .......................	0

Schedule F (Form 990) 2023

Schedule F (Form 990) 2023Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" on Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement
NUTRITION, EDUCATION, HEALTH, FAMILY	Central America and the Caribbean	101,048	40,849,449	WIRE
NUTRITION, EDUCATION, HEALTH, FAMILY	East Asia and the Pacific	40,276	16,417,538	WIRE
NUTRITION, EDUCATION, HEALTH, FAMILY	North America (Canada & Mexico only)	7,188	2,843,282	WIRE
NUTRITION, EDUCATION, HEALTH, FAMILY	South America	45,303	18,205,923	WIRE
NUTRITION, EDUCATION, HEALTH, FAMILY	South Asia	19,326	7,985,596	WIRE
NUTRITION, EDUCATION, HEALTH, FAMILY	Sub-Saharan Africa	46,332	18,394,459	WIRE

Schedule F (Form 990) 2023

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2023

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information. See instructions.

ReturnReference	Explanation
Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds	UNBOUND SENDS A WIRE TRANSFER TO PROJECTS ON A MONTHLY BASIS. THE MONTHLY TRANSFER INCLUDES THE PROJECT'S ALLOCATION OF SPONSORSHIP FUNDS IN THREE CATEGORIES: CHILDREN, ELDER AND VOCATIONS (WHERE APPLICABLE). THE MONTHLY TRANSFER ALSO INCLUDES BIRTHDAY FUNDS, CRITICAL NEEDS RESPONSE PROGRAMS, AND FUNDS FOR COMPLEMENTARY PROGRAMS SUCH AS AGENTS OF CHANGE AND SMALL BUSINESS ACCELERATOR PROGRAMS. MONEY IS SENT AT THE APPROPRIATE TIMES FOR SCHOLARSHIPS AND CHRISTMAS. THERE MIGHT BE ADDITIONAL RESTRICTED FUNDS SENT AS UNBOUND GRANTS OR BECAUSE OF SPONSORS' EXTRA DONATIONS FOR SPECIFIC FAMILY OR PROJECT NEEDS BEYOND WHAT THE SPONSORSHIP PROGRAM COVERS. UNBOUND MONITORS THE PROJECTS' USE OF THESE FUNDS IN A VARIETY OF WAYS. PROJECTS ARE REQUIRED TO PROVIDE MONTHLY FINANCIAL INFORMATION TO UNBOUND'S OFFICE IN KANSAS CITY, KANSAS, INCLUDING: A. TRANSACTION-LEVEL FINANCIAL DETAIL WHICH INCLUDE THE BALANCE SHEET AND INCOME STATEMENT B. PROJECT BANK STATEMENTS AND BANK RECONCILIATIONS C. CASH RESERVES REPORT THE PROJECTS ARE ALSO REQUIRED TO SUBMIT OR MAKE AVAILABLE THE FOLLOWING DOCUMENTS ON AN ANNUAL BASIS: A. ANNUAL BUDGET B. ASSET LISTING C. GOVERNMENT-REQUIRED EXTERNAL AUDIT D. ANY OTHER FINANCIAL REPORTS FILED WITH THEIR GOVERNMENTS FOR SPECIAL MONEY GIFTS OVER $100, PROJECTS ARE REQUIRED TO ACKNOWLEDGE THE EXPENDITURES TO THE DONORS. THERE ARE THREE REGIONAL ACCOUNTANTS IN THE INTERNATIONAL PROGRAMS DEPARTMENT AT UNBOUND. EACH HAS RESPONSIBILITY FOR A NUMBER OF PROJECTS, AND REVIEWS THE MONTHLY TRANSACTIONS AND REPORTS ON A REGULAR BASIS FOR TIMELINESS, ACCURACY, COMPLETENESS, AND COMPLIANCE WITH UNBOUND FINANCIAL AND PROGRAM POLICY. REGULAR FEEDBACK IS GIVEN TO THE PROJECTS. STAFF REPRESENTATIVES FROM THE UNBOUND HEADQUARTERS OFFICE TYPICALLY VISIT EACH PROJECT ON AN ANNUAL BASIS TO ASSESS PROGRAM AND ADMINISTRATIVE PERFORMANCE, VISIT PROGRAM BENEFICIARIES IN THEIR HOMES, AND PROVIDE SUPPORT AND TRAINING TO PROJECT TEAMS. FORMAL PERFORMANCE AUDITS ARE PERFORMED PERIODICALLY, TYPICALLY ONCE EVERY THREE YEARS (WITH THE EXCEPTION OF 2020-2021 DUE TO PANDEMIC-RELATED TRAVEL RESTRICTIONS). IN ADDITION, THE UNBOUND FINANCE DEPARTMENT HAS A TEAM OF FINANCIAL AUDITORS WHO AUDIT THE PROJECTS' INTERNAL CONTROLS, PROCESSES AND PROCEDURES, AND THE ACCURACY OF THEIR RECORDKEEPING. THEY HAVE ESTABLISHED A SCHEDULE FOR AUDITING EACH PROJECT ON A REGULAR BASIS. THESE AUDITS ARE PERFORMED THROUGH A COMBINATION OF ON-SITE WORK AT THE LOCAL PROGRAM OFFICE AND REMOTE WORK DONE AT OUR HEADQUARTERS OFFICE. UNBOUND HEADQUARTERS STAFF MEMBERS MONITORED THE ACTIVITY OF THE PROJECTS THROUGH CONFERENCE CALLS, WEBINARS, REVIEW OF FINANCIAL AND PROGRAM DOCUMENTS, AND FINANCIAL AUDITS. THE PROJECTS CONTINUE TO SUBMIT ALL DOCUMENTS AND REPORTS. THERE ARE OTHER PROCESSES, TOO, THROUGH WHICH UNBOUND IS ABLE TO MONITOR THE PROJECT PERFORMANCE AND ADHERENCE TO UNBOUND POLICIES. UNBOUND REQUIRES AN UPDATED ANNUAL PHOTO OF EACH SPONSORED MEMBER, AND HAS PROCESSES TO ASSURE THE AUTHENTICITY OF EVERY PHOTO. UNBOUND REQUIRES EACH SPONSORED MEMBER TO WRITE TO HIS OR HER SPONSOR AT LEAST TWICE EACH YEAR. THE LETTERS ARE REGULARLY REVIEWED ON A SAMPLE BASIS BEFORE BEING SENT TO SPONSORS. SPONSORS EAGERLY ANTICIPATE LETTERS FROM THEIR SPONSORED FRIENDS.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual
Schedule F, Part III Method used to account for expenditures on org's financial statements	CENTRAL AMERICA AND THE CARIBBEAN -Accrual EAST ASIA AND THE PACIFIC -Accrual NORTH AMERICA (CANADA & MEXICO ONLY) -Accrual SOUTH AMERICA -Accrual SOUTH ASIA -Accrual SUB-SAHARAN AFRICA -Accrual

Schedule F (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v5.1

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
medium right arrow graphic

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
medium right arrow graphic

Attach to Form 990.
medium right arrow graphic

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

Unbound

Employer identification number

43-1243999

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....

Yes

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2023

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1SCOTT WASSERMAN PRESIDENT/CEO (RETIRED JULY 2023) (NON-VOTING)	(i) (ii)	161,453 ------------- 0	0 ------------- 0	169,023 ------------- 0	20,497 ------------- 0	38,939 ------------- 0	389,912 ------------- 0	0 ------------- 0
2ASHLEY HUFFT INTERIM PRESIDENT/CEO (STARTING AUGUST 2023) (NON-VOTING)	(i) (ii)	243,223 ------------- 0	0 ------------- 0	446 ------------- 0	14,866 ------------- 0	23,101 ------------- 0	281,636 ------------- 0	0 ------------- 0
3MARTIN KRAUS TREASURER (NON-VOTING)/CFO	(i) (ii)	181,510 ------------- 0	0 ------------- 0	1,234 ------------- 0	11,228 ------------- 0	30,938 ------------- 0	224,910 ------------- 0	0 ------------- 0
4ROB MCELROY INTERIM CHIEF TECHNOLOGY OFFICER	(i) (ii)	193,525 ------------- 0	0 ------------- 0	462 ------------- 0	11,943 ------------- 0	37,587 ------------- 0	243,517 ------------- 0	0 ------------- 0
5ANDREA EWING CHIEF OPERATING OFFICER	(i) (ii)	188,947 ------------- 0	0 ------------- 0	280 ------------- 0	11,779 ------------- 0	38,309 ------------- 0	239,315 ------------- 0	0 ------------- 0
6DAN WINHOLTZ PEARSON CHIEF INTERNATIONAL PROGRAM OFFICER	(i) (ii)	170,643 ------------- 0	0 ------------- 0	430 ------------- 0	10,570 ------------- 0	37,587 ------------- 0	219,230 ------------- 0	0 ------------- 0
7STEVE MCCLAIN CHIEF MARKETING OFFICER	(i) (ii)	166,956 ------------- 0	0 ------------- 0	774 ------------- 0	10,851 ------------- 0	38,906 ------------- 0	217,487 ------------- 0	0 ------------- 0
8SHAH RAHMAN LEAD SOFTWARE ARCHITECT	(i) (ii)	131,539 ------------- 0	0 ------------- 0	33,267 ------------- 0	10,250 ------------- 0	38,265 ------------- 0	213,321 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2023

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference

Explanation

Schedule J, Part I, Line 1a Travel for companions

IN 2023, ANABELLA WASSERMAN, WIFE OF SCOTT WASSERMAN, PRESIDENT/CEO OF UNBOUND THROUGH JULY 2023, TRAVELED INTERNATIONALLY WITH MR. WASSERMAN AND OTHER UNBOUND STAFF TO PARTICIPATE IN PROJECT MENTORING/MONITORING. UNBOUND COMPENSATED MS. WASSERMAN FOR HER TIME AS AN INDEPENDENT CONTRACTOR AND PAID FOR HER AIRFARE BECAUSE HER PARTICIPATION WAS FOR BONA FIDE BUSINESS PURPOSES. MS. WASSERMAN'S LONG-STANDING RELATIONSHIP WITH UNBOUND, PREVIOUS INVOLVEMENT LEADING SEVERAL CHURCH MISSION TRIPS, BEING A NATIVE OF GUATEMALA AND BEING BI-LINGUAL ARE JUST A FEW OF THE MANY ATTRIBUTES THAT ENABLE HER TO WORK SUCCESSFULLY AND TO HELP UNBOUND BUILD MEANINGFUL RELATIONSHIPS WITH PROJECT STAFF AND SPONSORED FAMILIES.

Schedule J, Part I, Line 4a Severance or change-of-control payment

SCOTT WASSERMAN RECEIVED SEVERANCE IN THE AMOUNT OF $161,614. SHAH RAHMAN RECEIVED SEVERANCE IN THE AMOUNT OF $23,245.

Schedule J (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v5.1

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

Unbound

Employer identification number

43-1243999

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	37	559,632	Market value
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( )
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2023)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation
Schedule M, Part I COLUMN B	THE AMOUNTS LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS.

Schedule M (Form 990) (2023)

Additional Data

Software ID:	23017437
Software Version:	2023v5.1

- TIN:

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

Unbound

Employer identification number

43-1243999

Return Reference	Explanation
Form 990, Part I, Line 1	UNBOUND'S MISSION IS TO WALK WITH THE POOR AND MARGINALIZED OF THE WORLD. 1. WE PROVIDE PERSONAL ATTENTION AND DIRECT BENEFITS TO CHILDREN, YOUTH, AGING AND THEIR FAMILIES SO THEY MAY LIVE WITH DIGNITY, ACHIEVE THEIR DESIRED POTENTIAL AND PARTICIPATE FULLY IN SOCIETY. 2. WE INVITE PEOPLE OF GOODWILL TO LIVE IN DAILY SOLIDARITY WITH THE WORLD'S POOR THROUGH ONE-TO-ONE SPONSORSHIP. 3. WE BUILD COMMUNITY BY FOSTERING RELATIONSHIPS OF MUTUAL RESPECT, UNDERSTANDING AND SUPPORT THAT ARE CULTURALLY DIVERSE, EMPOWERING AND WITHOUT RELIGIOUS OR OTHER PREJUDICE. GROUNDED IN THE GOSPEL CALL TO SERVE THE POOR, UNBOUND IS A LAY CATHOLIC ORGANIZATION WORKING WITH PERSONS OF ALL FAITH TRADITIONS TO CREATE A WORLDWIDE COMMUNITY OF COMPASSION AND SERVICE.
Form 990, Part III, Line 4a	Total grants for the sponsorship program were $111.13 million in 2023. At the end of 2023, a total of 259,462 individuals in Latin America, Asia and Africa were sponsored through Unbound. They included 228,721 children and youth, 30,534 elders and 207 candidates studying for the priesthood or religious life. Following are examples of achievements in the sponsorship program, as sponsored individuals and their families partnered with local Unbound teams to identify specific challenges they must overcome, set their own goals and formulate plans to achieve them. Unbound's sponsorship program connects sponsored individuals and their families with sponsors and supportive local communities of staff members and other families in three regions of the world: Africa, Asia and Latin America. Through sponsorship, individuals and families have resources and a solid support network to chart their paths out of poverty. In 2023, Unbound had programs in 18 countries including Bolivia, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, India, Kenya, Madagascar, Mexico, Peru, the Philippines, Rwanda, Tanzania and Uganda. (As Chile ranked at the top economically of the countries where Unbound works, the organization concluded its outreach there at the end of June 2023 to focus resources in areas of greater need.) Sponsorship connects people across geographic, economic and social boundaries. It enables the development of relationships based on listening, encouragement and mutual respect. Sponsors - through their monthly financial contributions and correspondence they receive from their sponsored friends - can experience a sense of connection with someone in another part of the world and satisfaction knowing they are helping another person reach their inherent potential. Sponsors can also write to their sponsored friends to offer encouragement and build rewarding relationships. Unbound had 210,230 sponsors from the U.S. and around the world at the end of 2023. Sponsored individuals and their families partner with local Unbound teams to make program and benefit decisions that help them meet their basic needs and develop their potential over the course of their time in the program, which can be up to 18 years or more. Sponsored individuals and their families use financial assistance to help meet needs such as education, nutrition, housing improvements, technology, transportation and health care. They also have access to leadership and economic development opportunities related to financial literacy, skill development and income generation. The flexibility of the program and Unbound's cash transfer system of benefit delivery allows families to use the funds to meet their specific needs. Sponsorship requires active participation from families as the program is highly personalized. With support from social workers and other local Unbound staff, families take a central role in shaping the sponsorship program and forming support networks to encourage each other and hold each other accountable. Small support groups of parents and guardians, mostly made up of mothers, are key to the sponsorship program's success. Mothers are the primary leaders in Unbound. They know best when it comes to meeting their children's needs, and Unbound listens to them and learns from them. Mothers of sponsored children join small support groups and often become leaders by serving their communities and planning program activities. Mothers participating in Unbound have taken advantage of micro-savings and credit opportunities to meet urgent family needs or start or boost small businesses to generate income. Parents have also formed cooperatives to meet community needs and provide income for members. Outcomes of sponsorship vary but typically relate to education, leadership development, improved health and nutrition status, dignified housing, skill development and increased income through livelihood opportunities for families. Monitoring program success Monitoring and evaluation of programs Unbound is committed to learning from experience and ensuring that efforts make a positive impact in the lives of children, youth, elders and families around the world. The organization asks two basic questions to earn donor trust and maintain a high standard of service: Did we do what we said we were going to do? This is program monitoring. Did it make a difference? This is program evaluation. Unbound distinguishes between monitoring and evaluation and maintains separate but complementary strategies. Monitoring: The principal purpose of monitoring is accountability. Regular program monitoring is conducted to ensure fidelity in the organizational structure, development of programs, implementation of policies and the appropriate use of finances. Some of this monitoring happens across distance with regular reporting, emails, phone calls, and virtual meetings and conferences. Much of it happens with personal, on-site visits from Unbound's international headquarters staff. While the pandemic had limited travel for a couple of years, Unbound staff members resumed onsite visits and monitoring in the second quarter of 2022 and continued throughout 2023. Unbound's monitoring strategy includes: * Visits made annually to each project for staff development, program support and assessments * Financial audits conducted in each project * Program audits conducted in each project * Awareness trips and individual sponsor visit opportunities (suspended in 2020 due to the pandemic and resumed in 2023) * Third-party legal assessments of program affiliates Evaluation: Learning is the focus of program evaluation. Unbound's personalized approach to sponsorship requires a unique and creative approach to evaluation. The organization has developed a three-tier system to evaluate the outcomes of the Unbound sponsorship program to address the learning and decision-making needs at all levels: individual, project/program and global. Individual outcomes: Correspondence from sponsored individuals to their sponsors provides direct feedback about how the relationships and support make a difference. Sponsored children and youth, for example, often write about how they are progressing in school or how the benefits of the program impact them and their families. Unbound is utilizing a methodology developed by Fundacion Paraguaya called Poverty Stoplight to allow the organization to understand and communicate outcomes on an individualized and personal level. Using a survey of indicators across six dimensions of poverty that was adapted locally with input from program participants, families identify and prioritize their needs, envision how to change their situations and continually evaluate their progress. Program outcomes: Programs at the project level are tailored to the needs of sponsored individuals and their families and the initiatives of Unbound in their communities. Families work with program staff to define and measure outcomes and utilize the results for continuous program improvement. With training and technical support from the evaluation team, these locally directed evaluations ask questions like: What is the program accomplishing? How are families different now? What could we do better? Global outcomes: As an international organization, Unbound also recognizes the need to step back periodically and look at the big picture. Global evaluations explore questions of organizational outcomes for all program participants across borders and in every region. These broad assessments help us tell our collective story and understand the effectiveness of our approach in key areas such as educational attainment, economic self-sufficiency, agency of Unbound families, entrepreneurship initiatives and achievements, empowerment of mothers and community participation. Each tier of our evaluation framework is important to understanding the whole of Unbound's impact and its complex contribution to individual goals around the world. Governing board's role in monitoring outcomes On behalf of sponsored individuals, their families and sponsors, the Unbound Governing Board monitors the integrity and accountability of the organization's operations. The board proactively defines the outcomes expected from the organization. Management must then produce verifiable data proving progress toward the expected outcomes. With the board setting ethical and prudent limits, management chooses the appropriate means to achieve organizational ends. The board systematically monitors compliance with these executive limitations. As a result, the board confidently assures donors that their contributions achieve their promised objectives, and that the organization remains transparent and ethical.
Form 990, Part III, Line 4a CONTINUED	Monitoring activities and evaluation methods Unbound conducts financial and program audits of projects on a regular basis to ensure that financial resources provide intended benefits and services, and sponsored members are empowered to direct their own development. In addition, the organization performs quality checks on letters and photos from sponsored friends to their sponsors, and monitors member retirement rates and sponsor retention rates. Unbound collects educational attendance and performance data and documents the final education level achieved by sponsored members leaving the program. Unbound projects around the world conduct evaluations in their local contexts to determine outcomes for sponsored members and their families. Methods include surveys of sponsored members on income and skill development, focus groups on attitudes and behavioral changes, interviews to document empowerment, mapping to capture the intended and unintended outcomes of the programs, case studies to highlight success stories of entrepreneurs, and review of educational records of scholarship students to track career preparedness, among many others. Organization-wide program evaluations focus on four key domains: education, economic status, community participation and empowerment. Empowerment refers to one's ability to make decisions for oneself and act freely in a way that is intentional and goal oriented. In 2021, Unbound engaged with The Canopy Lab, a consultancy firm, to conduct an external evaluation to better understand if the Unbound program helps sponsored families exit economic poverty. The Canopy Lab designed a mixed methods study that was administered in five program sites around the world. The Canopy Lab's analysis showed positive results in four of the five sites regarding a decrease in poverty over length of time of participation in the program. The fifth site yielded more complex results indicating increased perceptions of resilience in households with longer participation in the program; however, further analysis will be needed to better understand the overall economic impact on families. Overall, longer participation in the program was found to have an association with a greater sense of ability to weather shocks like COVID-19. Another consistent finding was the higher likelihood of saving with participation in Unbound. A higher proportion of Unbound families engaged in savings compared to their communities. Moreover, for those households who did report engaging in savings, the evaluation found that families that have been in the program longer were less likely to save toward basic needs and more toward non-basic, goal-oriented and long-term needs. These encouraging signs regarding savings show concrete potential to improve the next generation's chances of exiting economic poverty. Unbound expanded the use of a methodology entitled Unbound's Goal Orientation powered by Poverty Stoplight in 2023. The methodology allows participating families to define poverty and then measure their own progress as they set and work toward goals to exit poverty. All 31 Unbound program sites completed orientation on this methodology in 2023. Each program site also collected baseline surveys, reaching over 200,000 Unbound families around the world to self-assess their level of multidimensional poverty. Combined with a personalized mentoring process, families work to overcome their self-identified deprivations. In 2023, with the survey responses coming in from Unbound families, community-level analysis and reporting was initiated to understand contextually specific needs and achievements. Some of the highlights of the findings include: * "Family" is cited consistently as a source of motivation across program sites, reflecting the importance of community and support for Unbound families. * Program sites show a trend of longer timelines for achieving housing-related goals, emphasizing the complexity of these challenges. Housing and infrastructure are prominent concerns in program sites in Colombia; Kampala, Uganda; Kenya, the Philippines and Guatemala. * Projects saw notable improvements in family savings, diversified income and achievements in education among Unbound sponsored children. * As a community priority, a program site in the Philippines prioritized dental care and comfortable homes while another site in Guatemala focused on housing and infrastructure. With findings like these, programs are developed in each community in response to Unbound families' identified priorities. Successes of these programs are then determined through annual implementation of the framework and outcomes evaluation to measure program outcomes. Examples of program success Cash transfers With the introduction and adoption of individual bank account models, the vast majority, about 98%, of sponsored members now have more direct control over their personal benefits. Unbound seeks to maximize the empowerment and decision-making of families by conducting evaluations that focus on the purchasing behaviors of the families participating in the sponsorship program. Adapting programs to families' needs In 2023, 41 local-level evaluations were conducted, with many focused on studying the decision-making patterns and behaviors of Unbound families in utilization of cash transfers. Some outcomes evaluations were focused on the impacts of income-generating initiatives in the families' economic situations. With more families using technology and videos to connect with their sponsors, evaluations that looked at the outcomes of upgraded modes of communication were another recurring theme. For instance, several program sites in the Philippines as well as in Mexico and Colombia looked at the readiness of sponsored members in adapting to these changes and, subsequently, the impacts they had on expanding worldviews of the families. Evaluations that studied whether and to what extent Unbound families sought to meet not just their needs but their communities' needs as well represented another topic of study in multiple program sites. Unbound families that were being the agents of change in their communities through the utilization of small grants supported the inquiry to answer programmatic questions in locations such as Kenya, Colombia, Costa Rica and India. These are just a handful of examples of local evaluation; but thanks to these evaluation results, local program sites have been able to continue adapting their contextually responsive programs with a focus on supporting families in meeting their needs. Education Sponsorship helps children achieve a level of education that prepares them to compete with peers for jobs and be responsible community members, parents and leaders. Past evaluations have found that, at a global level, when they left the program, 75% of sponsored children achieved a level of schooling comparable to or above national peer averages, according to data gathered from 2011-2014. This means that Unbound students - despite marginalization based on economic, social and geographic factors - were able to compete and excel alongside students from all socioeconomic brackets and areas within their countries. Of these former sponsored children, 51% achieved educational levels a year or more above their national peer averages. The number jumped to 59% achieving a year or more above their national peer averages when looking at the experience of sponsored girls. This, along with country-level analysis, indicated a specific impact on girls' education and a closing or reversing of the prominent gender gap present in many communities. In Guatemala, for example, sponsored children, on average, achieved almost three years of schooling more than the national average for their peers. And in Unbound's Quezon program in the Philippines, 57% of sponsored youth pursued post-secondary education compared to 30% of their peers. A concern resulting from the pandemic and lockdowns was the potential for an increase in dropout rates among sponsored students. As schools resumed their in-person attendance, program sites such as Kenya and Mexico continued evaluating educational outcomes to assess any lasting impacts on the academic goal orientation and achievement of families. Unbound has evidence from Guatemala, the Philippines and India that there has not been an increase in dropout rates among sponsored members. In Ecuador, 79% of sponsored students in high school and university continued with their studies through 2021. Of the students who were not enrolled, 96% reported that they had plans to return to school, with 76% planning to return within three months of the evaluation.
Form 990, Part III, Line 4a CONTINUED	Families Sponsorship impacts the sponsored child and the entire family. Unbound's direct work through a personalized benefit model and parent groups means families can best allocate resources for their children and direct how the program supports their development as families. Most sponsored children have representation in the program through small parent/guardian groups. These groups provide the space for families to have a voice in the program and be part of a supportive community, addressing two significant components of poverty: lack of choices and isolation. In 2023, two program locations in India and one program location in Kenya conducted local evaluations to understand the utilization of sponsorship funds and impacts on sponsored members. The focus of these evaluations was to understand where the funds were being utilized, how transparent these utilizations were, and how these utilizations impacted the level of education of sponsored members. The findings showed that sponsorship funds have had an influence in families' attainment of goals that they have set at the beginning of each year. The studies also highlighted that the funds have helped them achieve their collective family goals, complete higher educational levels, start new income-generating activities/businesses, build more concrete and higher quality houses, access health care facilities to improve their overall health condition, and improve family relationships to build more united families. In 2021, entrepreneurship grants were awarded to entrepreneurial sponsored family members in Latin America. Results from these evaluations showed entrepreneurs experienced a wide range of positive results from reduced production time, improvements in general business practices and the ability to reach new clients through virtual platforms. Entrepreneurs who received the support also reported attitudinal changes such as an increase in goal orientation, self-esteem and personal satisfaction. In 2022, the grants were piloted in six locations in Asia and Africa. Local evaluations of these pilot programs sought to answer questions about the impact of entrepreneurship on the economic wellbeing of Unbound families and potential contribution for business expansion and skills acquisition among the entrepreneurs. In 2023, a regional evaluation focusing on Latin American projects was conducted with the entrepreneurs. The findings from these evaluations, together with evaluation lessons from local program-designed evaluations in Asia and Africa, were used to make programmatic improvements. In 2023, Agents of Change initiatives were initiated and implemented in 15 Unbound program countries. The last two program sites will be implementing the Agents of Change grants in 2024. In 2023, $522,950 in Agents of Change grants were awarded to groups of sponsored families to support community improvement projects. Beyond the benefits the communities received from the completed projects, participating group members experienced an increase in psychological assets of agency. There is a significant increase felt in community inclusion after the completion of projects. Participants also have significantly more interaction with people from other social groups and significantly fewer perceived restrictions to socialization than people who did not participate in the Agents of Change grants. In 2019, a local evaluation in Kisumu, Kenya, focused on understanding the factors that were stopping the members of the parent groups from taking loans from their group's cooperative called Borneka SACCO (Savings and Credit Cooperative). They found out that 54% of the respondents had never taken a loan from the SACCO, mostly because they felt like the regulation that qualifies the members for larger loans limited them in terms of when and how much they could withdraw for a loan. The team and the SACCO members are reviewing as well as educating the members on the guidelines and regulations of the loaning process to help more members in need. In a 2017 evaluation on empowerment, mothers and guardians in Unbound reported feeling that they are having a greater impact on their communities. Thirty percent of Unbound mothers said they were involved in making decisions within their communities compared to 16% of mothers in the comparison group. Evaluation results showed how more women in Unbound are taking economic risks starting small businesses to enact change. More women in the Unbound program have their own businesses, and fewer women in the program are unemployed than mothers in the comparison group. More mothers in Unbound also reported having complete choice in deciding or changing their occupations. This evaluation was a follow-up to a 2013 global evaluation on the same topic. The 2013 study revealed that 90% of mothers of sponsored children believed they had the power to change their family's situation, and 63% reported they were active in solving problems in their communities, among other findings on participation and empowerment indicators. In 2022, Unbound concluded a six-year longitudinal data collection on economic outcomes for sponsored members and their families. The evaluation includes both quantitative and qualitative data and follows families from the time they began in the program. As a part of the final year data collection, participating families were also invited to reflect on their experiences and journeys by reviewing the highlights of the data collected in the past six years. Final analysis of this longitudinal study was initiated in 2023, when data trends and patterns from all study sites and participating families were investigated. For instance, the initial analysis showed that the probability of Unbound families living in poverty has a declining trend from the first year to the sixth year of participating in the program. Elders Elders in communities where Unbound works face challenges related to health, access to care and medicine, and loneliness. Unbound seeks to overcome these challenges through benefits that provide resources for food, help with health and medical expenses, home visits and group activities. In 2018, an evaluation was conducted to measure Unbound's impact with elders in relation to overcoming these challenges. The results were overwhelmingly positive. Sponsored elders experience a lessened sense of emptiness, encountered less frequent feelings of rejection, and underwent fewer moments of missing having people around than the elderly population who live in similar circumstances but are not part of the Unbound sponsorship program. Additionally, sponsored elders feel they can rely on other individuals when they have problems, believe they can trust others in their lives, and consider themselves close to others in contrast to those elders who were waiting to participate in the Unbound sponsorship program. Sponsored elders felt at ease when talking with more people about private matters, and they have more close friends to call on for help compared to non-sponsored elders. Sponsored elders did not worry as frequently about insufficient food intake, did not have to limit variety of food, and did not experience the same degree of hunger as elders outside the program who more frequently experienced these conditions. Lastly, the study revealed that sponsored elders had greater access to medicine and medical care than those elders who were waiting to be sponsored by Unbound. According to the survey, 66% of sponsored elders said they received needed medical care, compared to 40% on the waiting list. The results of this evaluation aid in our understanding of the effectiveness of the Unbound program's global impact with elders and help us make decisions to improve how the program serves elders globally. In 2023, the Unbound program in Ecuador conducted a local evaluation on its elder outreach to understand the extent to which participation in Unbound's workshops, programs and activities contributed to improved energy and capacity, social connectedness and mutual support for elders. By using methods of survey and direct observations, it was found that elders' energy levels had a significant increase where more elders were active, motivated and optimistic after having attended these programs. The same evaluation also highlighted that compared to other elders in the community, Unbound elders felt more empowered and expressed they have control over their lives. According to the evaluation, 83% of Unbound elders mentioned that they now have greater control over their daily lives, such as in their ability to manage their time, make decisions, perform tasks on their own, feeling confident in tackling problems and having goals in their lives.
Form 990, Part III, Line 4b	The Following are examples of achievements in the Unbound Scholarship Program. Unbound's founders believed that people living in poverty have ideas, skills and leadership capabilities to confront the challenges they face, and with access to resources and a supportive community, they could succeed. The Unbound Scholarship Program is one way that vision is being realized today. The scholarship program assists students from underserved communities with resources to pursue secondary, post-secondary and vocational education. Along with academics, the program focuses on service to the community and leadership development. It includes a selection process for applicants that recognizes students with financial need who demonstrate a participatory attitude, perseverance, commitment to service and a desire to be leaders in their communities. While education reduces poverty, its cost can be prohibitive. Many students must choose between paying for school and using income they earn from part-time or full-time work to provide for their families. This leads to higher dropout rates at each level of school. Unbound scholarships make an education that was once out of reach accessible. Scholarships help students in communities around the world achieve their educational goals, follow their chosen career paths and serve the larger community. In 2023, scholarship grants to Unbound program sites totaled more than $3.9 million. Scholarships were awarded to 9,079 students in Bolivia, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, India, Kenya, Madagascar, Mexico, Peru, the Philippines, Tanzania and Uganda. (Scholarships were funded in Chile through June 2023, when Unbound ended its outreach in the country to focus resources in areas of greater need.) Scholarships help with needs such as tuition and other school fees, technology, internet access, transportation, books and supplies. Students contribute what they can toward their educational costs, as Unbound scholarships are intended as supplemental assistance. The average annual cost of studies per Unbound scholarship student in 2023 was $706 USD, while the average scholarship amount awarded per student was $356 USD. The percentage of educational costs covered by the scholarship amount varies depending on location. Many scholars are Unbound sponsored youth who need financial help in addition to sponsorship support to complete their educations. In 2023, 57% of scholarship students were also sponsored. Qualified non-sponsored students are eligible for scholarships and represent 43% of those receiving awards. Unbound scholars participate in community service as a requirement of the program. Examples of service may include tutoring children, teaching literacy and health workshops, planning activities for elders, helping with correspondence between sponsored children and their sponsors, providing technology expertise, and performing office work or other tasks related to their fields of study. Mothers of sponsored children have also been recipients of Unbound scholarships. In the Telangana program in India, for example, many mothers expressed regret that they didn't have opportunities to continue their studies when they were growing up. As a result, in 2022 the staff created the innovative Kalala Sakaram Scholarship Program for mothers of sponsored or formerly sponsored children. "Kalala Sakaram" in the Telugu language means "Dreams Come True." In 2023, the program had 42 mothers participating and striving to meet their educational goals. A number of former scholars have joined Unbound as staff members after they graduated. Unbound programs globally have reported that about 40% of their staffs are made up of former scholars, sponsored members or other program participants who chose to give back through employment with Unbound. They bring to their work a wealth of knowledge and a special perspective on the program and their communities. In addition, it has been noted that some former scholars, because of their experiences in the scholarship program, have been inspired to choose career paths that contribute to the social and economic development of their communities (or rather are service-oriented). Students are choosing careers such as those in the fields of social work, psychology, education, health care and working with nonprofit organizations. Monitoring program success Scholars are required to maintain good grades in addition to fulfilling service requirements. Local Unbound teams monitor students to make sure they are meeting program requirements. They also provide annual reports on the scholarship programs in their areas. Examples of program success At various locations around the world, community-level evaluations are ongoing and being led by program staffs in each country. The primary purpose of evaluations at the local level is to ensure continuous program improvements and adaptations to the ever-changing environment. In 2023, 41 local-level evaluations were conducted, including the following example pertaining to the scholarship program. In Guatemala, a local evaluation concluded in 2023 showed that 97% of the scholars had set and were working toward their goals. While the majority of the goals involved academic achievement or graduation from different levels of formal education and training, about 15% of those goals involved starting a new business, working and supporting their communities, and supporting other family members in improving their education. These findings allowed the program to tailor its support to the scholars accordingly, so their personal goals and achievements would be supported in complementary ways. From 2021 to 2023, a total of 13 scholarship program evaluations were carried out locally, including the following two examples: A 2022 evaluation in Colombia found that 92% of scholarship recipients had high academic performance. In addition, scholars reported a high degree of commitment to improving their overall quality of life by dealing with academic difficulties on time and through support and care from others. Scholars were seen to have high recognition in the community, as they often use their training and skills to inspire others to set goals. It was found that 87% of scholarship holders present social service plans to respond to the felt and expressed needs of the community The scholars reported that participation in Unbound small groups helped them develop their social skills. In Costa Rica in 2022, 57% of the community members reported that they always perceive and rely on scholarship recipients as leaders in their communities. In addition, 61% of the community members reported being motivated and encouraged by the activities, projects and behaviors of the scholars. Families participating in Unbound programs also reported being on the receiving end of the scholars' support, with 43% saying they always found scholars giving valuable information about Unbound programs as well as information related to goals. A virtual scholarship conference was held in 2023 with five participating Latin America programs, including: Santa Ana (El Salvador), Cartagena (Colombia), Honduras, Cuernavaca (Mexico) and Kuxtal (Mexico). Prior to the event, each program used a participatory evaluation tool called ripple-effect mapping to identify areas of positive impact the program had in the lives of participants. Scholarship program coordinators used learnings that came out of the evaluation to inform scholarship program planning for 2024.
Form 990, Part III, Line 4a CONTINUED	In 2022, four program locations in Madagascar, Colombia, Kenya and the Philippines conducted local evaluations to increase understanding and utilize those results to improve their respective elder programs. The focus of these evaluations ranged from how elders are coping with social isolation and loneliness, to what kinds of services were effective for elders, and even mapping their journey in the Unbound program. The results of these evaluations were mixed. While about 88% of elders in Manila reported continuing to feel a sense of crisis due to the widespread effects of the pandemic, they highlighted using physical, economic, emotional, psychological and spiritual mechanisms to cope with those crises. In Nairobi, 78% of elders reported feeling very satisfied with the support and encouragement they are receiving from Unbound. This evaluation also showed a high level of technological literacy among elders in Nairobi, with over 97% of elders feeling comfortable receiving information through phone calls and 69% of elders able to access their funds through mobile money-wallet services. Feedback from sponsors Unbound recognizes sponsors and other benefactors not only as donors but, first and foremost, as full partners who make a direct impact and transform lives in a global community of compassion. Both sponsors and sponsored individuals have much to gain from the sponsorship relationship, and toward that end Unbound is committed to helping sponsors become more aware of the realities of global poverty and grow in human solidarity. On an ongoing basis, Unbound surveys sponsors about their sponsorship experience. In 2023, the results were: * 90% indicated they were either very satisfied (58%) or satisfied (32%). For the quarterly Sponsor Satisfaction Survey, 95% of sponsors indicated that sponsorship had made an impact on them in ways such as informing their worldview, having the chance for a practical way to help someone in need and enrichment of their lives, among others. This question is also on the exit survey, where 96% of exiting sponsors indicated that sponsorship has impacted them by informing their worldview, having the chance for a practical way to help someone in need and enrichment of their lives, among others. Unbound also asked sponsors how likely they would be to recommend the organization to a friend or colleague. Survey responses in 2023 yielded a "Net Promoter Score" in the "Excellent" range. The metric is commonly used by companies and organizations to gauge loyalty. Yet another indicator of a quality sponsor experience is the number of people - 32,984 at the end of 2023 - who sponsor more than one child, youth or elder through the organization. Perhaps the most significant indicator of a quality sponsor experience is that Unbound maintains a high sponsor retention rate. Unbound ended 2023 with a sponsor retention rate of more than 85%.
Form 990, Part III, Line 4b CONTINUED	In past years, Unbound has also initiated qualitative evaluations of the scholarship program with alumni from Guatemala, the Philippines and Kenya, utilizing a group mind-mapping process and individual interviews to explore long-term outcomes. Among the key findings were: * Education as a key outcome: As the sponsored child's enrollment in school is a requirement of the program, it is not surprising that education was mentioned as an outcome. Alumni reported the significance of the impact of education by naming it as a key outcome that has always stemmed directly from Unbound and connected to the organization's work. * Hope: A subtle connection is emerging between the outcomes of hope and education. While it is not present on all maps, it has been present in all countries. A connection between hope and education can be seen on both maps from Nairobi alumni, one map from the Philippines and one map from Guatemala. The presence of this connection across the globe adds strength to the relationship between the outcomes. * Community Participation: Another outcome of the program as expressed by alumni was higher community participation, also mentioned as "humanity "charity." Community participation involves reaching out to the wider community, including, but not limited to, Unbound. They expressed that, through a range of activities, they were encouraged and motivated to participate more actively in their communities - be it through charity or using their skills to solve issues or starting their own business and providing opportunities to others. They expressed that such participation in their wider communities ignited and improved the sense of responsibility they felt toward others around them. * Gratitude and giving back: The feeling of gratitude and the action of giving back were both connected and common across the ripple maps in Guatemala, the Philippines and Kenya. A number of youths in Nairobi shared the different kinds of youth groups they had started with other members of their communities. Participants expressed how individuals and communities in poverty might focus internally on what little they have, but through Unbound they instead began to see the strengths and assets they have. This gratitude for what they had and for what was shared through Unbound spurred a desire to help others, whether family, friends or strangers (just like their sponsor did). The most significant, long-term outcomes of the Unbound program were overwhelmingly real and intangible. Housing and health, education and work were all present in the lives of Unbound alumni, yet the core of the impact remaining for formerly sponsored members lies in a moral, character-centered, reflective and goal-oriented worldview. This intangible core appears to offer a foundation for the alumni to continue to build their own tangible ripples in providing for their families and assisting community members. One benefit of the ripple-effect-mapping method over separate evaluations of each outcome domain is that it more clearly demonstrates links between physical and psycho-social-spiritual development. This makes an excellent case for the personalized attention, program activities and relationships that complement tangible program benefits. These components can also be called benefits.
Form 990, Part VI, Line 15a & 15b - Process to establish compensation of Top Management Official	Scott Wasserman: President/CEO January 1, 2023 - July 31, 2023 (Retirement Date) Mr. Wasserman's compensation for the period of June 2022-July 2023 was determined at the June 2022 Governing Board of Directors Meeting. Prior to this discussion, Mr. Wasserman and the non-voting members of the Board excused themselves from the Board meeting. The voting members met with the Director of Unbound Experience who provided them with the following information which they used to determine the compensation amount. Using Companalyst, which is an independent compensation consultant subscription program, market data research was reviewed based on current market pay for similar positions. Unbound's philosophy is to target the 25th to 60th percentile of the range where the job has been matched. It is also based on current market data within the profit and non-profit industries, containing up to 500 employees and matched on job responsibilities in the marketplace. The Board considered other factors such as a comparison of compensation of executives from similar sponsorship organizations and a formal evaluation of job performance to determine Mr. Wasserman's June 2022-July 2023 compensation. The voting members then approved the annual salary for Mr. Wasserman. The substantiation of the decision of the Board's determination was maintained by the Director of Unbound Experience. Ashley Hufft: Interim President/CEO August 1, 2023 - December 31, 2023 At their June 27, 2023 meeting, the Board selected Ms. Hufft to serve as the Interim President/CEO effective August 1, 2023. Prior to the Board's selection, Ms. Hufft was serving as Unbound's General Counsel, a position she continued to serve for the remainder of the year. To reflect her increased duties and responsibilities, the Board awarded Ms. Hufft a one-time increase in pay at that time. Other Officers The compensation of the other officers (Treasurer and Secretary) and all other employees were approved by their respective supervisor at Unbound. It was based on both a written performance evaluation as well as the organization's compensation framework and planning system. Compensation changes are planned and documented in the ADP Workforce Now Compensation Module.
Form 990, Part VI, Line 11b Review of form 990 by governing body	AN INDEPENDENT ACCOUNTING FIRM PREPARES THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S PRESIDENT/CEO AND FINANCE PERSONNEL. ANY QUESTIONS AND CONCERNS THE ORGANIZATION'S PRESIDENT/CEO AND FINANCE PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE 990 IS THEN PROVIDED TO THE FULL BOARD FOR THEIR REVIEW. ANY QUESTIONS AND CONCERNS OF THE BOARD ARE ADDRESSED AND CORRECTIONS OR CLARIFICATIONS ARE MADE PRIOR TO FILING THE 990.
Form 990, Part VI, Line 12c Conflict of interest policy	ALL BOARD MEMBERS ANNUALLY DISCLOSE THEIR INVOLVEMENT WITH OTHER ORGANIZATIONS, COMMUNITIES, EMPLOYMENT, STAFF, VENDORS OR ANY OTHER ASSOCIATIONS THAT MIGHT POTENTIALLY PRODUCE A CONFLICT, REGARDLESS OF THE LIKELIHOOD OF AN ACTUAL CONFLICT ARISING. NEW BOARD NOMINEES ALSO COMPLETE A DISCLOSURE FORM. WHEN THE BOARD IS TO DECIDE AN ISSUE THAT PRESENTS AN UNAVOIDABLE CONFLICT OF INTEREST FOR A MEMBER, THE MEMBER WITH THE CONFLICT ABSTAINS FROM PARTICIPATION IN BOTH THE DELIBERATION AND VOTE. ALL EMPLOYEES ANNUALLY SIGN A RECEIPT AND ACKNOWLEDGEMENT OF UNBOUND'S EMPLOYEE MANUAL. THE CODE OF CONDUCT WHICH FORBIDS A CONFLICT OR THE APPEARANCE OF A CONFLICT BETWEEN THE EMPLOYEE'S PERSONAL INTERESTS AND THOSE OF UNBOUND IS PART OF THAT REVIEW. THE EMPLOYEE'S SIGNATURE ACKNOWLEDGES THEIR AGREEMENT TO ADHERE TO THIS CODE AND TO IMMEDIATELY DISCLOSE A SUSPECTED CONFLICT OF INTEREST TO THE PRESIDENT & CEO, PEOPLE EXPERIENCE TEAM, OR CONFIDENTIALLY THROUGH UNBOUND'S INDEPENDENT REPORTING SERVICE.
Form 990, Part VI, Line 19 Required documents available to the public	UNBOUND'S ARTICLES OF INCORPORATION, AUDITED FINANCIAL STATEMENTS, BY-LAWS AND CONFLICT OF INTEREST POLICY ALONG WITH IRS FORMS 1023, 990 AND 990-T ARE AVAILABLE FOR INSPECTION AT OUR OFFICES. UNBOUND'S AUDITED FINANCIAL STATEMENTS AND IRS FORMS 990 AND 990-T ARE POSTED ON OUR WEBSITE (WWW.UNBOUND.ORG). PRINTED COPIES ARE AVAILABLE UPON REQUEST.
Form 990, Part VIII, Line 11d Other Miscellaneous Revenue	MISCELLANEOUS INCOME - Total Revenue: 584, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 584;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	CHANGE IN UNINSURED ANNUITY OBLIGATIONS - -9761; UNREALIZED GAIN/LOSS ON FOREIGN CURRENCY - 1921; UNBOUND - PHILLIPPINES INVESTMENT INCOME - -3;

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v5.1

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

Name of the organization

Unbound

Employer identification number

43-1243999

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)UNBOUND COLOMBIA CALLE 50 NO 65-42 CENTRO CONT MEDELLIN,ANTIOQUIA CO 90-1091198	PRJT SUPPORT	CO	501(c)(3)		UNBOUND	Yes
(2)UNBOUND - PHILIPPINES BRANCH 5 RED STREET RAINBOW VILLAGE,SAN ISIDRO RIZAL RP 20-2003725	PRJT SUPPORT	RP	501(c)(3)		UNBOUND	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2023

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	Yes	No

Schedule R (Form 990) 2023

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) UNBOUND COLOMBIA	B	400,502	CASH
(2) UNBOUND - PHILIPPINES BRANCH	B	167,559	CASH

Schedule R (Form 990) 2023

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No	(k) Percentage ownership

Schedule R (Form 990) 2023

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. See instructions.

Return Reference	Explanation

Schedule R (Form 990) 2023

Additional Data

Software ID:	23017437
Software Version:	2023v5.1

1	Briefly describe the organization’s mission or most significant activities: UNBOUND'S MISSION IS TO WALK WITH THE POOR AND MARGINALIZED OF THE WORLD. SEE SCHEDULE O.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	8
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	8
5	Total number of individuals employed in calendar year 2023 (Part V, line 2a) ......	5	159
6	Total number of volunteers (estimate if necessary) .............	6	2,099
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	137,562,066	136,803,692
9	Program service revenue (Part VIII, line 2g) .........	8,463	257,666
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	1,774,535	2,906,683
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	423	584
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	139,345,487	139,968,625
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	115,465,826	115,048,453
14	Benefits paid to or for members (Part IX, column (A), line 4).....		0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	13,026,920	15,237,685
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....		0
b	Total fundraising expenses (Part IX, column (D), line 25) 7,386,716
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	7,750,969	8,620,557
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	136,243,715	138,906,695
19	Revenue less expenses. Subtract line 18 from line 12.......	3,101,772	1,061,930
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	83,366,432	86,157,997
21	Total liabilities (Part X, line 26).............	2,162,404	1,702,717
22	Net assets or fund balances. Subtract line 21 from line 20.....	81,204,028	84,455,280

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 121,085,235 including grants of $ 111,132,262 ) (Revenue $ 257,666 )
	SPONSORSHIP - SEE SCHEDULE O

4b	(Code: ) (Expenses $ 4,266,503 including grants of $ 3,916,191 ) (Revenue $ 0 )
	SCHOLARSHIP - SEE SCHEDULE O

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses125,351,738

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)		(D) Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)	(E) Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and title
(18) DAN WINHOLTZ PEARSON CHIEF INTERNATIONAL PROGRAM OFFICER	45.0 .......................0.0	X	171,073	0	48,157
(19) ROB MCELROY INTERIM CHIEF TECHNOLOGY OFFICER	45.0 .......................0.0	X	193,987	0	49,530
(20) SHAH RAHMAN LEAD SOFTWARE ARCHITECT	45.0 .......................0.0	X	164,806	0	48,515
(21) STEVE MCCLAIN CHIEF MARKETING OFFICER	45.0 .......................0.0	X	167,730	0	49,757

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	1,775,782	0	407,945

1a	Federated campaigns..		1a	34,471
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	136,769,221

g	Noncash contributions included in lines 1a - 1f:$		1g	559,632

h Total. Add lines 1a-1f.......		136,803,692

		Business Code
2a	AWARENESS TRIPS	900099	257,666	257,666
b
c
d
e
f	All other program service revenue.		0	0	0	0
g	Total. Add lines 2a–2f .....		257,666

3 Investment income (including dividends, interest, and othersimilar amounts) ......			2,496,375			2,496,375
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c	0	0
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a	32,548,766	239,605
b	Less: cost or other basis and sales expenses	7b	32,053,517	324,546
c	Gain or (loss)	7c	495,249	-84,941
d	Net gain or (loss).........			410,308			410,308
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a
b
c
d	All other revenue ....			584	0	0	584
e	Total. Add lines 11a–11d ......			584
12	Total revenue. See instructions.....			139,968,625	257,666	0	2,907,267

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............	115,048,453	115,048,453
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	1,050,857		1,039,512	11,345
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........	1,653		1,653
7	Other salaries and wages........	11,283,364	6,285,339	1,679,300	3,318,725
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	603,532	348,934	68,018	186,580
9	Other employee benefits .......	1,435,748	968,846	133,138	333,764
10	Payroll taxes ...........	862,531	452,714	165,415	244,402
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	31,296		31,296
c	Accounting ...........	234,370		234,370
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	99,615		99,615
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	672,572	91,132	168,810	412,630
12	Advertising and promotion ....	1,171,812	2,402	12,267	1,157,143
13	Office expenses .......	3,580,739	651,791	2,003,411	925,537
14	Information technology ......	1,043,665	606,087	156,282	281,296
15	Royalties ..
16	Occupancy ...........	264,692	155,130	39,129	70,433
17	Travel ............	486,848	226,572	50,665	209,611
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	52,136	8,453	11,466	32,217
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	300,343	186,400	40,694	73,249
23	Insurance ...	197,882	114,772	29,682	53,428
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	AWARENESS & EDUCATION	203,563	160,749	13,808	29,006
b	BOARD EXPENSES	139,746		139,746
c
d
e	All other expenses	141,278	43,964	49,964	47,350
25	Total functional expenses. Add lines 1 through 24e	138,906,695	125,351,738	6,168,241	7,386,716
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			834,719	1	2,231,043
2	Savings and temporary cash investments .........			13,575,007	2	16,615,433
3	Pledges and grants receivable, net ......				3
4	Accounts receivable, net .............			526,895	4	621,034
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........				7
8	Inventories for sale or use ............				8
9	Prepaid expenses and deferred charges ......			629,816	9	610,414
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	8,539,762
b	Less: accumulated depreciation	10b	5,789,230	2,945,554	10c	2,750,532
11	Investments—publicly traded securities .			50,778,534	11	51,654,248
12	Investments—other securities. See Part IV, line 11 .....			0	12
13	Investments—program-related. See Part IV, line 11 ..			0	13
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			14,075,907	15	11,675,293
16	Total assets. Add lines 1 through 15 (must equal line 33)...			83,366,432	16	86,157,997

17	Accounts payable and accrued expenses .....	1,553,794	17	1,071,867
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	608,610	25	630,850
26	Total liabilities. Add lines 17 through 25..	2,162,404	26	1,702,717

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	47,415,080	27	50,523,037
28	Net assets with donor restrictions ...........	33,788,948	28	33,932,243
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	81,204,028	32	84,455,280
33	Total liabilities and net assets/fund balances ........	83,366,432	33	86,157,997

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; don't file with Form 990). . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713; don't file with Form 990).. . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No