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← PIVOT FUND

Form 990 for tax year 2024

Filed by PIVOT FUND.

Totals

Total revenue
$960,634
Total expenses
$2,677,043
Contributions and grants received
$960,634
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$749,007
Total liabilities, end of year
$15,862
Net assets or fund balances, end of year
$733,145
Program services expenses (Part IX)
$2,229,344
Management and general expenses
$389,712
Fundraising expenses
$57,987
Program service expenses (Part III)
$2,229,344

Program services were 83.3% 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.

  • 1e · Government grants (contributions)

    $959,561

  • 1f · All other contributions, gifts and grants

    $1,073

  • 2a · Program service revenue: PROGRAM SERVICE FEES

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $961,371 · program services $576,822 · management and general $336,480 · fundraising $48,069

  • 12 · Advertising and promotion

    total $1,909 · program services $5 · management and general $1,904

  • 14 · Information technology

    total $5,557 · program services $2,898 · management and general $2,579 · fundraising $80

  • 17 · Travel

    total $34,218 · program services $30,506 · management and general $3,674 · fundraising $38

  • 24a · Other expenses: PROFESIONAL FEES

    total $258,884 · program services $204,193 · management and general $44,891 · fundraising $9,800

  • 24b · Other expenses: PROGRAM SERVICES

    total $1,400,000 · program services $1,400,000

  • 24c · Other expenses: OFFICE EXPENSES

    total $15,104 · program services $14,920 · management and general $184

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,449,479 · end of year $734,224

  • 4 · Accounts receivable

    beginning of year $5,722 · end of year $11,723

  • 15 · Other assets

    beginning of year $3,060 · end of year $3,060

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,707 · end of year $15,862

  • 27 · Net assets without donor restrictions

    beginning of year $2,449,554 · end of year $733,145

Mission and programs · 2024

Mission

THE PIVOT FUND CENTERS AND INVESTS IN BIPOC-LED, COMMUNITY NEWS ORGANIZATIONS THROUGH FUNDING, CAPACITY BUILDING, SKILLS-BASED TRAININGS, AND NETWORKING OPPORTUNITIES.

  • THE PIVOT FUND HELPS FIGHT DISINFORMATION THAT DISPROPORTIONATELY AFFECTS PEOPLE OF COLOR BY INVESTING IN TRUSTED, CULTURALLY COMPETENT NEWS OUTLETS. THE ORGANIZATIONS THE PIVOT FUND SUPPORTS DO NOT JUST WRITE ABOUT BIPOC COMMUNITIES; THEY WRITE FOR THEM.

    Expenses $2,229,344

As filed on the 2024 return.

Listed in Part VII

  • Jamal Gleen

    BOARD CAHIR

    Total calculated
    $0
    Hours/week
    0

  • Alberto Mendoza

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Tracie Powell

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
18 January 2026
IRS schema version
2024v5.2
Source object
202600689349300720

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