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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Year
Summary
compensation
table total for
PEO(1)
Compensation
actually paid
to PEO(1)(3)
Average
summary
compensation
table total for
non-PEO
named
executive
officers(2)
Average
compensation
actually paid
to non-PEO
named
executive
officers(2)(3)
Value of initial fixed $100
investment based on:
Net (loss) income
($M)(6)
Rule of 40(7)(8)
Total
shareholder
return(4)
Peer group
total
shareholder
return(4)(5)
2024$10,225,840 $6,547,279 $3,354,884 $2,062,531 $93.03$211.18$(283.2)38.9 %
20239,596,722 18,169,412 3,627,392 6,678,600 109.11153.641.8 37.0 %
20228,819,151 3,450,876 3,654,102 2,110,183 74.07120.32(45.4)27.5 %
202111,810,500 18,011,733 3,734,533 5,582,811 99.39145.225.7 28.1 %
20209,447,879 5,172,031 2,805,816 1,654,935 72.44131.747.7 27.7 %
       
Company Selected Measure Name Rule of 40        
Named Executive Officers, Footnote During all years presented, Mr. Gianoni was our CEO and President.
(2)During 2024, 2023 and 2022, our non-PEO NEOs were: Messrs. Boor, Benjamin, Gregoire and McDearis. During 2021, our non-PEO NEOs were: Messrs. Boor, Gregoire, McDearis and Kevin M. Mooney. During 2020, our non-PEO NEOs were: Messrs. Boor, Gregoire, Mooney and Jon W. Olson.
       
Peer Group Issuers, Footnote The peer group total shareholder returns presented include the following compensation peer groups used in evaluating our executive compensation (as discussed beginning on page 41 of this Proxy Statement):
a.2024 — ACI Worldwide, Inc., Box, Inc., Commvault Systems, Inc., E2open Parent Holdings, Inc., Elastic N.V., Envestnet, Inc., Fair Isaac Corporation, Guidewire Software, Inc., Informatica, Inc., Manhattan Associates, Inc., Pegasystems, Inc., PowerSchool Holdings, Inc., SolarWinds Corporation, Tyler Technologies, Inc. and Verint Systems, Inc. For more information, including an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, see page 43. We cannot provide a comparable cumulative TSR versus our 2023 peer group as two companies were removed due to acquisitions and were not public during all of 2024. These companies were: Cvent Holding Corporation and New Relic, Inc.
b.2023 — ACI Worldwide, Inc., Box, Inc., Commvault Systems, Inc., Cvent Holding Corporation, E2open Parent Holdings, Inc., Envestnet, Inc., Fair Isaac Corporation, Guidewire Software, Inc., Manhattan Associates, Inc., New Relic, Inc., Pegasystems, Inc., PowerSchool Holdings, Inc., SolarWinds Corporation, Tyler Technologies, Inc. and Verint Systems, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2024 Meeting of Stockholders filed on April 23, 2024. We cannot provide a comparable cumulative TSR versus our 2022 peer group as two companies were removed due to acquisitions and were not public during all of 2023. These companies were: Bottomline Technologies, Inc. and Mandiant, Inc.
c.2022 — 8x8, Inc., ACI Worldwide, Inc., Aspen Technology, Inc., Bottomline Technologies, Inc., Box, Inc., Commvault Systems, Inc., Envestnet, Inc., Fair Isaac Corporation, Mandiant, Inc., Manhattan Associates, Inc., New Relic, Inc., Progress Software Corporation, SolarWinds Corporation, Tyler Technologies, Inc., Verint Systems, Inc. and Ziff Davis, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2023 Meeting of Stockholders filed on April 25, 2023. We cannot provide a comparable cumulative TSR versus our 2021 peer group as four companies were removed due to acquisitions and were not public during all of 2022. These companies were: Cloudera, Inc., Cornerstone OnDemand, Inc., Proofpoint, Inc. and RealPage, Inc.
d.2021 — 8x8, Inc., ACI Worldwide, Inc., Aspen Technology, Inc., Cloudera, Inc., Commvault Systems, Inc., Cornerstone OnDemand, Inc., Envestnet, Inc., Fair Isaac Corporation, Mandiant, Inc., Manhattan Associates, Inc., New Relic, Inc., Paylocity Holding Corporation, Proofpoint, Inc., RealPage, Inc., Tyler Technologies, Inc., Verint Systems, Inc. and Ziff Davis, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2022 Meeting of Stockholders filed on April 19, 2022. We cannot provide a comparable cumulative TSR versus our 2020 peer group as one company, LogMeIn, Inc., was removed due to acquisition and was not public during all of 2021.
e.2020 — ACI Worldwide, Inc., Aspen Technology, Inc., Commvault Systems, Inc., Cornerstone OnDemand, Inc., Envestnet, Inc., Fair Isaac Corporation, Guidewire Software, Inc., LogMeIn, Inc., Manhattan Associates, Inc., New Relic, Inc., Paylocity Holding Corporation, Pegasystems, Inc., Proofpoint, Inc., PTC Inc., RealPage, Inc., Tyler Technologies, Inc. and Verint Systems, Inc.
       
Changed Peer Group, Footnote For more information, including an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, see page 43. We cannot provide a comparable cumulative TSR versus our 2023 peer group as two companies were removed due to acquisitions and were not public during all of 2024. These companies were: Cvent Holding Corporation and New Relic, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2024 Meeting of Stockholders filed on April 23, 2024. We cannot provide a comparable cumulative TSR versus our 2022 peer group as two companies were removed due to acquisitions and were not public during all of 2023. These companies were: Bottomline Technologies, Inc. and Mandiant, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2023 Meeting of Stockholders filed on April 25, 2023. We cannot provide a comparable cumulative TSR versus our 2021 peer group as four companies were removed due to acquisitions and were not public during all of 2022. These companies were: Cloudera, Inc., Cornerstone OnDemand, Inc., Proofpoint, Inc. and RealPage, Inc. For an explanation of the changes, not due to acquisition, made to our prior year compensation peer group, please refer to Blackbaud’s Proxy Statement for the 2022 Meeting of Stockholders filed on April 19, 2022. We cannot provide a comparable cumulative TSR versus our 2020 peer group as one company, LogMeIn, Inc., was removed due to acquisition and was not public during all of 2021.  
PEO Total Compensation Amount $ 10,225,840 $ 9,596,722 $ 8,819,151 $ 11,810,500 $ 9,447,879
PEO Actually Paid Compensation Amount $ 6,547,279 18,169,412 3,450,876 18,011,733 5,172,031
Adjustment To PEO Compensation, Footnote The dollar amounts shown represent compensation actually paid to our PEO and non-PEO NEOs, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned, received or realized by our PEO and non-PEO NEOs for the applicable year. The following table sets forth the adjustments included in the 2024 actually paid calculation, per SEC rules, for our PEO and non-PEO NEOs:
2024
CEOAverage of
Other NEOs
Summary Compensation Table Total$10,225,840 $3,354,884 
Adjustments
Deduction for amounts reported under the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table(9,408,693)(2,852,293)
Increase based on ASC 718 fair value of awards granted during fiscal year that remain unvested as of fiscal year end, determined as of fiscal year end9,650,626 2,946,636 
Increase based on ASC 718 fair value of awards granted during fiscal year that vested during fiscal year, determined as of vesting date— — 
Deduction for awards granted prior to fiscal year that were outstanding and unvested as of fiscal year end, determined based on change in ASC 718 fair value from prior fiscal year end to fiscal year end
(1,734,348)(620,610)
Deduction for awards granted prior to fiscal year that vested during fiscal year, determined based on change in ASC 718 fair value from prior fiscal year end to vesting date
(2,186,145)(766,087)
Deduction of ASC 718 fair value of awards granted prior to fiscal year that were forfeited during fiscal year, determined as of prior fiscal year end— — 
Compensation Actually Paid$6,547,279 $2,062,531 
       
Non-PEO NEO Average Total Compensation Amount $ 3,354,884 3,627,392 3,654,102 3,734,533 2,805,816
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,062,531 6,678,600 2,110,183 5,582,811 1,654,935
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts shown represent compensation actually paid to our PEO and non-PEO NEOs, as determined in accordance with SEC rules. The dollar amounts do not necessarily reflect the actual amount of compensation earned, received or realized by our PEO and non-PEO NEOs for the applicable year. The following table sets forth the adjustments included in the 2024 actually paid calculation, per SEC rules, for our PEO and non-PEO NEOs:
2024
CEOAverage of
Other NEOs
Summary Compensation Table Total$10,225,840 $3,354,884 
Adjustments
Deduction for amounts reported under the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table(9,408,693)(2,852,293)
Increase based on ASC 718 fair value of awards granted during fiscal year that remain unvested as of fiscal year end, determined as of fiscal year end9,650,626 2,946,636 
Increase based on ASC 718 fair value of awards granted during fiscal year that vested during fiscal year, determined as of vesting date— — 
Deduction for awards granted prior to fiscal year that were outstanding and unvested as of fiscal year end, determined based on change in ASC 718 fair value from prior fiscal year end to fiscal year end
(1,734,348)(620,610)
Deduction for awards granted prior to fiscal year that vested during fiscal year, determined based on change in ASC 718 fair value from prior fiscal year end to vesting date
(2,186,145)(766,087)
Deduction of ASC 718 fair value of awards granted prior to fiscal year that were forfeited during fiscal year, determined as of prior fiscal year end— — 
Compensation Actually Paid$6,547,279 $2,062,531 
       
Compensation Actually Paid vs. Total Shareholder Return The following graph describes the relationship between compensation actually paid versus cumulative total shareholder return ("TSR"):
1841
       
Compensation Actually Paid vs. Net Income The following graph describes the relationship between compensation actually paid versus net income:
3187
       
Compensation Actually Paid vs. Company Selected Measure The following graph describes the relationship between compensation actually paid versus Rule of 40:
3728
       
Tabular List, Table
The following table sets forth the Company's most important financial performance measures used to link NEO compensation actually paid during 2024 to Company performance.
Company Performance Measures(1)(2)
Non-GAAP Adjusted Recurring Revenue
Non-GAAP Adjusted Income from Operations
Non-GAAP Adjusted Total Revenue
Gross Dollar Retention
Rule of 40
(1)This list is unranked.
(2)For discussion on each performance measure and why it was chosen, see "Short-term Incentive Compensation" (beginning on page 45 of this Proxy Statement) and "Long-term Incentive Compensation" (beginning on page 47 of this Proxy Statement).
       
Total Shareholder Return Amount $ 93.03 109.11 74.07 99.39 72.44
Peer Group Total Shareholder Return Amount 211.18 153.64 120.32 145.22 131.74
Net Income (Loss) $ (283,200,000) $ 1,800,000 $ (45,400,000) $ 5,700,000 $ 7,700,000
Company Selected Measure Amount 0.389 0.370 0.275 0.281 0.277
PEO Name Mr. Gianoni        
Additional 402(v) Disclosure Represents Rule of 40 as reported and not adjusted for year over year foreign currency fluctuations as used in determining results for LTI Three-year PRSUs as described beginning on page 47 of this Proxy Statement. The Company also measures and uses Rule of 40 on a constant currency basis. See Appendix A for a reconciliation of non-GAAP financial measures to results reported in accordance with generally accepted accounting principles.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Non-GAAP Adjusted Recurring Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Non-GAAP Adjusted Income from Operations        
Measure:: 3          
Pay vs Performance Disclosure          
Name Non-GAAP Adjusted Total Revenue        
Measure:: 4          
Pay vs Performance Disclosure          
Name Gross Dollar Retention        
Measure:: 5          
Pay vs Performance Disclosure          
Name Rule of 40        
PEO | Equity Awards Reported Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (9,408,693)        
PEO | Equity Awards Granted During The Year Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,650,626        
PEO | Equity Awards Granted During The Year Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Equity Awards Granted In Prior Years Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,734,348)        
PEO | Equity Awards Granted In Prior Years Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,186,145)        
PEO | Equity Awards Forfeited During The Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Reported Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,852,293)        
Non-PEO NEO | Equity Awards Granted During The Year Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,946,636        
Non-PEO NEO | Equity Awards Granted During The Year Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Equity Awards Granted In Prior Years Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (620,610)        
Non-PEO NEO | Equity Awards Granted In Prior Years Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (766,087)        
Non-PEO NEO | Equity Awards Forfeited During The Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0