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← NAVIGATION CHARITABLE FUND

Form 990 for tax year 2023

Filed by NAVIGATION CHARITABLE FUND.

Totals

Total revenue
$1,313,153,667
Total expenses
$5,055,989
Contributions and grants received
$1,309,000,000
Grants paid
$4,125,000
Program service revenue
$0
Investment income
$4,153,667
Other revenue
$0
Total assets, end of year
$1,308,120,508
Total liabilities, end of year
$22,830
Net assets or fund balances, end of year
$1,308,097,678
Program services expenses (Part IX)
$4,313,519
Management and general expenses
$742,470
Fundraising expenses
$0
Program service expenses (Part III)
$4,313,519

Program services were 85.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,309,000,000

  • 3 · Investment income

    total $4,153,667 · excluded $4,153,667

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,125,000 · program services $4,125,000

  • 5 · Compensation of officers, directors and key employees

    total $80,062 · program services $80,062

  • 7 · Other salaries and wages

    total $124,179 · program services $73,119 · management and general $51,060

  • 9 · Other employee benefits

    total $4,096 · management and general $4,096

  • 10 · Payroll taxes

    total $16,955 · management and general $16,955

  • 11b · Fees: legal

    total $492,957 · program services $15,000 · management and general $477,957

  • 11c · Fees: accounting

    total $6,970 · management and general $6,970

  • 11g · Fees: other

    total $174,491 · management and general $174,491

  • 13 · Office expenses

    total $2,176 · program services $1,726 · management and general $450

  • 14 · Information technology

    total $1,683 · program services $1,316 · management and general $367

  • 17 · Travel

    total $17,176 · program services $17,176

  • 23 · Insurance

    total $7,924 · management and general $7,924

  • 24a · Other expenses: RECRUITMENT

    total $2,000 · management and general $2,000

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $320 · program services $120 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $5,825,796

  • 2 · Savings and temporary cash investments

    end of year $418,768,618

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

    $4,512

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $4,512

  • 12 · Investments: other securities

    end of year $883,493,837

  • 14 · Intangible assets

    end of year $27,745

  • 17 · Accounts payable and accrued expenses

    end of year $22,830

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $1,308,097,678

Mission and programs · 2023

Mission

THE NAVIGATION FUND IS ADVANCING BOLD SOLUTIONS TO THE WORLD'S MOST URGENT PROBLEMS.

  • OUR ORGANIZATION PROVIDED $375,000 IN GRANTS TO 5 NONPROFIT ORGANIZATIONS DEDICATED TO COMBATING CLIMATE CHANGE THROUGH RENEWABLE ENERGY PROJECTS, POLICY ADVOCACY, AND RESEARCH.WE PROVIDED $1.6 MILLION IN GRANTS TO 14 NONPROFIT ORGANIZATIONS DEDICATED TO TRANSFORMING CRIMINAL JUSTICE THROUGH RESEARCH, POLICY, GRASSROOTS ORGANIZING, REENTRY PROGRAMS, AND MORE. WE PROVIDED $2 MILLION IN GRANTS TO 17 NONPROFIT ORGANIZATIONS DEDICATED TO SUPPORTING FARM ANIMAL WELFARE THROUGH MOVEMENT BUILDING AND NOVEL PROJECTS.

    Expenses $4,313,519 · Grants $4,125,000

As filed on the 2023 return.

Listed in Part VII

  • Seemay Chou

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Adam Fisk

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Christian Rudder

    TREAS. (THRU 2/16/23), BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Randall O'Reilly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Kanjun Qiu

    BOARD MEMBER (THRU 5/7/23)

    Total calculated
    $0
    Hours/week
    0.25

  • David Coman-Hidy

    PRESIDENT

    Total calculated
    $80,891
    From this org
    $80,062
    From related orgs
    $0
    Other
    $829
    Hours/week
    34.3

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.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • VOLTAGE PARK INC

    C · CLOUD INFRASTRUCTURE · DE · 100% owned · share of income $1,174,123 · share of assets $11,840,504 · controlled entity

    Directly controlled by NAVIGATION CHARITABLE FUND

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433209349325783

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