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Nonprofiteer
← NORTH STAR FUND INC

Form 990 for tax year 2024

Filed by NORTH STAR FUND INC.

Totals

Total revenue
$8,257,296
Total expenses
$17,003,458
Contributions and grants received
$7,109,157
Grants paid
$10,696,690
Program service revenue
$245,734
Investment income
$899,696
Other revenue
$2,709
Total assets, end of year
$22,483,630
Total liabilities, end of year
$2,159,057
Net assets or fund balances, end of year
$20,324,573
Program services expenses (Part IX)
$13,981,077
Management and general expenses
$1,679,461
Fundraising expenses
$1,342,920
Program service expenses (Part III)
$13,981,077

Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $692,493

  • 1f · All other contributions, gifts and grants

    $6,416,664

  • 1g · Noncash contributions included above

    $104,999

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $245,734 · related or exempt $245,734

  • 3 · Investment income

    total $497,644 · excluded $497,644

  • 7a · Gross sales of assets other than inventory

    securities $49,483,627

  • 7b · Less cost or other basis and sales expenses

    securities $49,081,575

  • 7c · Gain or loss

    securities $402,052

  • 7d · Net gain or loss

    total $402,052 · excluded $402,052

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $692,493

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $2,709 · excluded $2,709

  • 11e · Other revenue, total

    $2,709

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,691,814 · program services $10,691,814

  • 2 · Grants to domestic individuals

    total $4,876 · program services $4,876

  • 5 · Compensation of officers, directors and key employees

    total $797,872 · program services $282,131 · management and general $283,513 · fundraising $232,228

  • 7 · Other salaries and wages

    total $2,023,729 · program services $1,201,917 · management and general $333,266 · fundraising $488,546

  • 8 · Pension plan contributions

    total $137,264 · program services $84,064 · management and general $22,655 · fundraising $30,545

  • 9 · Other employee benefits

    total $470,734 · program services $272,175 · management and general $78,486 · fundraising $120,073

  • 10 · Payroll taxes

    total $234,992 · program services $126,199 · management and general $49,037 · fundraising $59,756

  • 11b · Fees: legal

    total $53,207 · program services $31,221 · management and general $21,986

  • 11c · Fees: accounting

    total $140,380 · management and general $140,380

  • 11d · Fees: lobbying

    total $47,775 · program services $30,000 · management and general $17,775

  • 11e · Fees: professional fundraising services

    total $11,045 · fundraising $11,045

  • 11f · Fees: investment management

    total $47,094 · management and general $47,094

  • 11g · Fees: other

    total $278,199 · program services $70,041 · management and general $178,417 · fundraising $29,741

  • 13 · Office expenses

    total $346,213 · program services $29,449 · management and general $301,574 · fundraising $15,190

  • 16 · Occupancy

    total $241,810 · program services $122,783 · management and general $53,822 · fundraising $65,205

  • 17 · Travel

    total $33,247 · program services $9,582 · management and general $23,427 · fundraising $238

  • 19 · Conferences, conventions and meetings

    total $118,407 · program services $39,108 · management and general $79,260 · fundraising $39

  • 22 · Depreciation, depletion and amortization

    total $31,441 · management and general $31,441

  • 23 · Insurance

    total $17,328 · management and general $17,328

  • 24a · Other expenses: SPONSORED PROJECT

    total $921,810 · program services $921,810

  • 24b · Other expenses: EVENT EXPENSES

    total $290,314 · fundraising $290,314

  • 24c · Other expenses: MISCELLANEOUS

    total $63,907 · program services $63,907

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,527,700 · end of year $1,992,039

  • 2 · Savings and temporary cash investments

    beginning of year $9,817,467 · end of year $9,967,232

  • 3 · Pledges and grants receivable

    beginning of year $2,062,552 · end of year $2,138,574

  • 9 · Prepaid expenses and deferred charges

    beginning of year $123,703 · end of year $178,770

  • 10a · Land, buildings and equipment: cost or other basis

    $529,016

  • 10b · Land, buildings and equipment: accumulated depreciation

    $491,484

  • 10c · Land, buildings and equipment, net

    beginning of year $57,553 · end of year $37,532

  • 11 · Investments: publicly traded securities

    beginning of year $15,590,096 · end of year $7,953,339

  • 15 · Other assets

    beginning of year $458,349 · end of year $216,144

  • 17 · Accounts payable and accrued expenses

    beginning of year $229,258 · end of year $199,358

  • 18 · Grants payable

    beginning of year $3,926,295 · end of year $1,511,500

  • 19 · Deferred revenue

    beginning of year $40,000 · end of year $40,000

  • 25 · Other liabilities

    beginning of year $667,074 · end of year $408,199

  • 27 · Net assets without donor restrictions

    beginning of year $17,767,389 · end of year $9,817,023

  • 28 · Net assets with donor restrictions

    beginning of year $11,007,404 · end of year $10,507,550

Mission and programs · 2024

Mission

NORTH STAR FUND IS A NON-PROFIT ORGANIZATION DEDICATED TO SUPPORTING COMMUNITY ORGANIZING IN NEW YORK. FOUNDED IN 1979, WE AWARD GRANTS TO EMERGING GRASSROOTS GROUPS AND ORGANIZE PEOPLE AND PHILANTHROPIC EFFORTS IN SUPPORT OF SOCIAL JUSTICE.

Activities or mission (Part I)

ORGANIZATION DEDICATED TO SUPPORTING GRASSROOTS AND COMMUNITY ORGANIZING IN NEW YORK.

  • IN FY '25, NORTH STAR FUND SUPPORTED COMMUNITY ORGANIZING IN NEW YORK THROUGH AWARDING GRANTS TO EMERGING GRASSROOTS GROUPS AND ORGANIZING PEOPLE AND PHILANTHROPIC EFFORTS IN SUPPORT OF SOCIAL JUSTICE.

    Expenses $13,981,077 · Grants $10,696,690 · Revenue $245,734

As filed on the 2024 return.

Listed in Part VII

  • Jennifer Ching

    EXECUTIVE DIRECTOR

    Total calculated
    $325,060
    From this org
    $262,262
    From related orgs
    $0
    Other
    $62,798
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $262,262
    Bonus
    $0
    Other
    $0
    Deferred
    $26,374
    Nontaxable benefits
    $36,424
    Filer's total
    $325,060
  • Sayu Bhojwani

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Pierre Hauser

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michael Waterman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Natasha Pallan

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Marjorie Fine

    CHAIR EMERITA

    Total calculated
    $0
    Hours/week
    1
  • Alvarez Symonette

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Asa Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Candis Tolliver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Christine Parker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Ryan Alexander

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ejeris Dixon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Gonzalo Mercado-Cisterna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Flynn Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kesi Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lisa Steglich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Maggie Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rosemary Rivera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Angela Vo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Fiona Kanagasingam

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sheena Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Elinore Cuya Jones

    DIRECTOR, SPECIAL CAMPAIGNS (THRU 9/24)

    Total calculated
    $162,429
    From this org
    $141,826
    From related orgs
    $0
    Other
    $20,603
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $140,826
    Bonus
    $1,000
    Other
    $0
    Deferred
    $8,630
    Nontaxable benefits
    $11,973
    Filer's total
    $162,429
  • Junie Francois Pswarayi

    DIR. OF FINANCE AND OPERATIONS

    Total calculated
    $196,997
    From this org
    $148,533
    From related orgs
    $0
    Other
    $48,464
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $147,533
    Bonus
    $1,000
    Other
    $0
    Deferred
    $11,932
    Nontaxable benefits
    $36,532
    Filer's total
    $196,997
  • Kellie Terry

    PHILANTHROPY PROGRAMS DIR

    Total calculated
    $195,341
    From this org
    $151,583
    From related orgs
    $0
    Other
    $43,758
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $150,583
    Bonus
    $1,000
    Other
    $0
    Deferred
    $11,932
    Nontaxable benefits
    $31,826
    Filer's total
    $195,341
  • Kathleen Pequeno

    COMMUNICATIONS DIRECTOR

    Total calculated
    $186,635
    From this org
    $129,864
    From related orgs
    $0
    Other
    $56,771
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $128,864
    Bonus
    $1,000
    Other
    $0
    Deferred
    $11,932
    Nontaxable benefits
    $44,839
    Filer's total
    $186,635
  • Kofoworola Anifalaje

    DEVELOPMENT DIRECTOR

    Total calculated
    $173,987
    From this org
    $143,736
    From related orgs
    $0
    Other
    $30,251
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $142,736
    Bonus
    $1,000
    Other
    $0
    Deferred
    $11,302
    Nontaxable benefits
    $18,949
    Filer's total
    $173,987
  • Gabriela Quintanilla

    HUDSON VALLEY PROG. DIR.

    Total calculated
    $136,143
    From this org
    $109,066
    From related orgs
    $0
    Other
    $27,077
    Hours/week
    32
  • Manny Vaz

    CPR EXECUTIVE DIRECTOR

    Total calculated
    $112,000
    From this org
    $112,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
30 March 2026
IRS schema version
2024v5.5
Source object
202600899349300980

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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