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Charity Math
The 990 read · EIN 20-2466871 · TX · Fiscal year 2024

The 85 Fund

The 85 Fund: CEO salary, finances and where donations go

In its own words

“To educate the public and support activities that highlight the relationship between structural limits on government power and the protection of our dignity and our freedoms.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$308K Ormal Skinner, 0.2% of spending
Revenue
$168.5M 100% from donations and grants
Spent
$169.7M 96.1% on programs, as reported
Net assets
$2.8M end of 2024
Savings
0.2 months of spending, net assets ÷ spending
People
7 employees
Form 990 (2024), Parts I, VII, IX, X
01 · Red flags

1 thing to look at.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

medium

No audited financial statements despite large revenue

Financial statements not audited on $168,530,018 of revenue.

Form 990 Part XII, line 2
02 · Where $1 goes · 2024

Of each dollar it spent, 96.1¢ went to programs, as reported.

The split the charity filed.
96.1¢
Programs, $163.1M
0.0¢
Fundraising, $0K
3.9¢
Admin, $6.6M
Form 990 (2024), Part IX, line 25
Cost to raise $1
0¢
as reported

For each dollar donated, The 85 Fund spent 0¢ on fundraising.

Fundraising ÷ $168.5M contributions · Form 990 Parts VIII, IX
03 · The savings

Net assets: $500K to $2.8M in 11 years.

Net assets at each fiscal year end, 2013 to 2024.

Net assets at year end, $ millions
1
0
0
2
0
0
1
7
10
6
4
3
Form 990 history via ProPublicaForm 990 (2024)
04 · Who gets paid

The 6 highest-paid people.

Reportable pay in 2024, from the charity and related organizations.

Ormal Skinner
Counsel
$308,333
Jason Snead
Counsel
$264,600
Chad Ennis
Counsel
$222,853
Carrie Severino
Director, Secretary
$215,952
Ann Corkery
Counsel
$212,360
Jacqueline Doyer
Counsel
$173,270
Form 990 (2024), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Crc AdvisorsManagement support/administration/operations/ public affairs consulting/advertising$25,860,785
Holtzman Vogel Josefiak Torchinsky PllcLegal services$4,952,257
Invictus Charitable Advisors LLCStrategic consulting$3,237,000
Argus Insight LLCResearch$1,804,000
Jones DayLegal services$1,721,620
Form 990 (2024), Part VII, Section B
05 · Questions

The questions people ask about the The 85 Fund.

Short, sourced answers. Each one stands on its own.

How much does the The 85 Fund CEO make?

Ormal Skinner, Counsel, received $308,333 in reportable compensation in 2024, 0.2% of The 85 Fund's $169.7M in spending.

Form 990 (2024), Part VII

What percentage of The 85 Fund donations go to programs?

The 85 Fund reported 96.1% of 2024 spending as programs, 0% as fundraising and 3.9% as management.

Form 990 (2024), Part IX

How much money does The 85 Fund have?

Net assets were $2.8M at the end of 2024, about 0.2 months of spending.

Form 990 (2024), Part X

Does The 85 Fund have any red flags in its filing?

Its latest Form 990 triggered 1 of our twelve screening rules: no audited financial statements despite large revenue. A flag is a prompt for a closer look, not a finding of wrongdoing.

Form 990 (2024)
06 · Sources and citing

Every number, traced.

  1. The 85 Fund Form 990, 2024 (IRS e-file)
  2. The 85 Fund Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “The 85 Fund: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/the-85-fund/