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Nonprofiteer
← CO-IMPACT PHILANTHROPIC FUNDS INC

Form 990 for tax year 2024

Filed by CO-IMPACT PHILANTHROPIC FUNDS INC.

Totals

Total revenue
$41,341,748
Total expenses
$84,892,538
Contributions and grants received
$32,383,584
Grants paid
$71,156,815
Program service revenue
$75,000
Investment income
$8,883,164
Other revenue
$0
Total assets, end of year
$272,921,569
Total liabilities, end of year
$10,830,574
Net assets or fund balances, end of year
$262,090,995
Program services expenses (Part IX)
$77,871,269
Management and general expenses
$6,706,855
Fundraising expenses
$314,414
Program service expenses (Part III)
$77,871,269

Program services were 91.7% 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

    $32,383,584

  • 2a · Program service revenue: WOMEN'S HEALTH CO-LAB CONSULTING

    total $75,000 · related or exempt $75,000

  • 3 · Investment income

    total $8,883,164 · excluded $8,883,164

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,545,648 · program services $33,545,648

  • 3 · Grants to foreign organizations and individuals

    total $37,611,167 · program services $37,611,167

  • 5 · Compensation of officers, directors and key employees

    total $3,237,531 · program services $1,401,089 · management and general $1,671,504 · fundraising $164,938

  • 7 · Other salaries and wages

    total $5,653,562 · program services $2,958,396 · management and general $2,615,548 · fundraising $79,618

  • 11b · Fees: legal

    total $376,464 · management and general $376,464

  • 11c · Fees: accounting

    total $168,737 · management and general $168,737

  • 11g · Fees: other

    total $2,189,781 · program services $1,346,315 · management and general $773,608 · fundraising $69,858

  • 13 · Office expenses

    total $59,674 · program services $16,635 · management and general $43,039

  • 14 · Information technology

    total $648,858 · program services $339,306 · management and general $309,552

  • 17 · Travel

    total $1,135,566 · program services $524,585 · management and general $610,981

  • 19 · Conferences, conventions and meetings

    total $79,947 · program services $79,947

  • 23 · Insurance

    total $137,422 · management and general $137,422

  • 24a · Other expenses: MEMBERSHIP DUES

    total $39,109 · program services $39,109

  • 24e · All other expenses

    total $9,072 · program services $9,072

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $209,878,280 · end of year $218,141,655

  • 3 · Pledges and grants receivable

    beginning of year $107,770,528 · end of year $53,993,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $597,341 · end of year $786,892

  • 15 · Other assets

    beginning of year $2,106 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $358,099 · end of year $326,433

  • 18 · Grants payable

    beginning of year $6,712,875 · end of year $10,504,141

  • 19 · Deferred revenue

    beginning of year $1,650,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,897,889 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $307,629,392 · end of year $262,090,995

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

PHILANTHROPIC COLLABORATIVE FOCUSED ON IMPROVING LIVES THROUGH JUST & INCLUSIVE SYSTEMS CHANGE.

  • OUR FOUNDATIONAL FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON SUPPORTING ORGANIZATIONS TO ACHIEVE PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES IN THE SECTORS OF HEALTH, EDUCATION, AND ECONOMIC OPPORTUNITY. THROUGH THIS FUND, WE AWARD LONG-TERM, FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA THAT ARE WORKING WITH POWERFUL COALITIONS, OFTEN INCLUDING LOCAL AND NATIONAL GOVERNMENT ACTORS, TO EFFECT LARGE-SCALE CHANGE; WE AWARDED TWO GRANTS IN 2024 AND ARE SUPPORTING OVER 20 INITIATIVES OVERALL. IN ADDITION TO PROVIDING GRANT FUNDING, CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.

    Expenses $37,702,138 · Grants $34,368,039

  • OUR GENDER FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON TRANSFORMATIVE SYSTEMS CHANGE, ACHIEVING PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES, WITH AN EMPHASIS ON ELEVATING WOMEN'S POWER, AGENCY, AND LEADERSHIP AT ALL LEVELS. THROUGH THIS FUND, WE AWARD FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA; WE AWARDED 34 GRANTS IN 2024 AND ARE SUPPORTING OVER 100 INITIATIVES OVERALL. OUR GRANT RECIPIENTS ARE WORKING WITH POWERFUL COALITIONS TO EFFECT CHANGE IN SUCH AREAS AS EARLY CHILDHOOD DEVELOPMENT, SOCIAL-EMOTIONAL LEARNING, CARE ECONOMY, MATERNAL HEALTH, WOMEN'S HEALTH, LAND RIGHTS AND NATURAL RESOURCE MANAGEMENT, AND WOMEN'S LEADERSHIP. IN ADDITION TO PROVIDING GRANT FUNDING, (SEE SCHEDULE O)CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.

    Expenses $40,169,131 · Grants $36,788,776 · Revenue $75,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • OLIVIA LELAND - FOUNDER

    CEO & BOARD MEMBER (NON-VOTING)

    Total calculated
    $589,262
    From this org
    $536,673
    From related orgs
    $0
    Other
    $52,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $536,673
    Bonus
    $0
    Other
    $0
    Deferred
    $28,241
    Nontaxable benefits
    $24,348
    Filer's total
    $589,262

  • PATTY STONESIFER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • INGRID SRINATH

    BOARD VICE-CHAIR

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • NICOLA FORREST AO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURA GARCIA

    BOARD MEMBER

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARYANA ISKANDER

    BOARD MEMBER

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • SAADIA MADSBJERG

    BOARD MEMBER (AS OF 05/2024)

    Total calculated
    $0
    Hours/week
    1

  • TSITSI MASIYIWA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALESSANDRA OROFINO

    BOARD MEMBER (AS OF 11/2024)

    Total calculated
    $0
    Hours/week
    1

  • RAJ PANJABI

    BOARD MEMBER (AS OF 05/2024)

    Total calculated
    $0
    Hours/week
    1

  • HILARY PENNINGTON

    BOARD MEMBER (AS OF 05/2024)

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ANITA ZAIDI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VICKY HAWK

    CHIEF FINANCIAL OFFICER/TREASURER

    Total calculated
    $254,059
    From this org
    $205,741
    From related orgs
    $0
    Other
    $48,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,741
    Bonus
    $0
    Other
    $0
    Deferred
    $13,781
    Nontaxable benefits
    $34,537
    Filer's total
    $254,059

  • PAMELA FOSTER

    CHIEF OPERATING OFFICER/SECRETARY

    Total calculated
    $489,803
    From this org
    $422,898
    From related orgs
    $0
    Other
    $66,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $422,898
    Bonus
    $0
    Other
    $0
    Deferred
    $17,163
    Nontaxable benefits
    $49,742
    Filer's total
    $489,803

  • MARIA ALFONSINA PENALOZA

    DIR. PRGMS, LATIN AM & GLOBAL

    Total calculated
    $240,758
    From this org
    $214,414
    From related orgs
    $0
    Other
    $26,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,414
    Bonus
    $0
    Other
    $0
    Deferred
    $12,890
    Nontaxable benefits
    $13,454
    Filer's total
    $240,758

  • MARY WANDIA WANJIRU

    REGIONAL DIRECTOR, AFRICA

    Total calculated
    $237,867
    From this org
    $210,233
    From related orgs
    $0
    Other
    $27,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,233
    Bonus
    $0
    Other
    $0
    Deferred
    $16,759
    Nontaxable benefits
    $10,875
    Filer's total
    $237,867

  • ANNA-MARIE HARLING - MANAGING

    DIRECTOR, PHILANTHROPIC COLLAB.

    Total calculated
    $351,560
    From this org
    $311,390
    From related orgs
    $0
    Other
    $40,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $311,390
    Bonus
    $0
    Other
    $0
    Deferred
    $22,340
    Nontaxable benefits
    $17,830
    Filer's total
    $351,560

  • YASMIN MADAN - DIRECTOR

    US LEAD, PHILANTHROPIC COLLABORATION

    Total calculated
    $291,380
    From this org
    $248,616
    From related orgs
    $0
    Other
    $42,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,616
    Bonus
    $0
    Other
    $0
    Deferred
    $16,681
    Nontaxable benefits
    $26,083
    Filer's total
    $291,380

  • ABRAHAM GRINDLE

    DIRECTOR, PROGRAMS

    Total calculated
    $263,132
    From this org
    $223,368
    From related orgs
    $0
    Other
    $39,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,368
    Bonus
    $0
    Other
    $0
    Deferred
    $13,681
    Nontaxable benefits
    $26,083
    Filer's total
    $263,132

  • VARJA LIPOVSEK

    DIR., LEARNING, MEAS. & EVAL.

    Total calculated
    $304,557
    From this org
    $245,414
    From related orgs
    $0
    Other
    $59,143
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,414
    Bonus
    $0
    Other
    $0
    Deferred
    $42,708
    Nontaxable benefits
    $16,435
    Filer's total
    $304,557

  • SHAGUN SABARWAL

    REGIONAL DIRECTOR, ASIA

    Total calculated
    $242,477
    From this org
    $216,955
    From related orgs
    $0
    Other
    $25,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,955
    Bonus
    $0
    Other
    $0
    Deferred
    $12,470
    Nontaxable benefits
    $13,052
    Filer's total
    $242,477

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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
28 October 2025
IRS schema version
2024v5.2
Source object
202503019349301525

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

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