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Nonprofiteer
← NEO PHILANTHROPY INC

Form 990 for tax year 2024

Filed by NEO PHILANTHROPY INC.

Totals

Total revenue
$168,890,598
Total expenses
$184,937,212
Contributions and grants received
$163,804,531
Grants paid
$104,107,545
Program service revenue
$1,297,041
Investment income
$3,789,026
Other revenue
$0
Total assets, end of year
$185,577,115
Total liabilities, end of year
$20,656,685
Net assets or fund balances, end of year
$164,920,430
Program services expenses (Part IX)
$173,738,527
Management and general expenses
$10,273,763
Fundraising expenses
$924,922
Program service expenses (Part III)
$173,738,527

Program services were 93.9% 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.

  • 1d · Related organizations

    $3,286,070

  • 1f · All other contributions, gifts and grants

    $160,518,461

  • 1g · Noncash contributions included above

    $8,363,466

  • 2a · Program service revenue: CONFERENCE FEES

    total $587,753 · related or exempt $587,753

  • 2b · Program service revenue: CONSULTING FEES

    total $649,610 · related or exempt $649,610

  • 2c · Program service revenue: OTHER

    total $59,678 · related or exempt $59,678

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $3,790,893 · excluded $3,790,893

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $8,361,599

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

    securities $8,363,466

  • 7c · Gain or loss

    securities -$1,867 · other assets $0

  • 7d · Net gain or loss

    total -$1,867 · excluded -$1,867

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $103,614,780 · program services $103,614,780

  • 3 · Grants to foreign organizations and individuals

    total $492,765 · program services $492,765

  • 5 · Compensation of officers, directors and key employees

    total $2,192,464 · program services $381,490 · management and general $1,093,449 · fundraising $717,525

  • 7 · Other salaries and wages

    total $31,443,894 · program services $26,967,652 · management and general $4,432,974 · fundraising $43,268

  • 8 · Pension plan contributions

    total $1,147,164 · program services $964,286 · management and general $180,715 · fundraising $2,163

  • 9 · Other employee benefits

    total $6,491,788 · program services $5,740,588 · management and general $713,362 · fundraising $37,838

  • 10 · Payroll taxes

    total $2,624,751 · program services $2,231,038 · management and general $380,589 · fundraising $13,124

  • 11b · Fees: legal

    total $240,611 · program services $54,930 · management and general $185,681

  • 11c · Fees: accounting

    total $79,700 · program services $16,309 · management and general $63,391

  • 11d · Fees: lobbying

    total $26,667 · program services $26,667

  • 11f · Fees: investment management

    total $17,354 · management and general $17,354

  • 11g · Fees: other

    total $24,106,233 · program services $22,846,327 · management and general $1,259,906 · fundraising $0

  • 12 · Advertising and promotion

    total $21,898 · program services $19,456 · management and general $2,442

  • 13 · Office expenses

    total $2,029,364 · program services $1,697,718 · management and general $304,297 · fundraising $27,349

  • 14 · Information technology

    total $241,271 · program services $113,055 · management and general $126,752 · fundraising $1,464

  • 16 · Occupancy

    total $1,254,257 · program services $599,593 · management and general $607,478 · fundraising $47,186

  • 17 · Travel

    total $3,210,345 · program services $2,917,696 · management and general $257,644 · fundraising $35,005

  • 19 · Conferences, conventions and meetings

    total $2,544,904 · program services $2,445,568 · management and general $99,336

  • 22 · Depreciation, depletion and amortization

    total $168,087 · program services $15,000 · management and general $153,087

  • 23 · Insurance

    total $386,453 · program services $41,204 · management and general $345,249

  • 24a · Other expenses: PROJECT CLOSEOUT

    total $2,487,057 · program services $2,487,057

  • 24b · Other expenses: MISCELLANEOUS

    total $61,031 · program services $16,126 · management and general $44,905

  • 24c · Other expenses: EDUCATION AND OUTREACH

    total $54,374 · program services $49,222 · management and general $5,152

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,960,599 · end of year $13,487,426

  • 2 · Savings and temporary cash investments

    beginning of year $119,058,708 · end of year $119,878,940

  • 3 · Pledges and grants receivable

    beginning of year $47,490,219 · end of year $40,687,855

  • 4 · Accounts receivable

    beginning of year $118,823 · end of year $485,018

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,537,953 · end of year $1,895,213

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

    $1,566,575

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

    $270,512

  • 10c · Land, buildings and equipment, net

    beginning of year $1,464,150 · end of year $1,296,063

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,282,428 · end of year $7,846,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,308,641 · end of year $3,212,931

  • 18 · Grants payable

    beginning of year $7,496,192 · end of year $8,792,773

  • 19 · Deferred revenue

    beginning of year $236,915 · end of year $447,653

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,530,127 · end of year $8,203,328

  • 27 · Net assets without donor restrictions

    beginning of year $23,670,903 · end of year $20,752,969

  • 28 · Net assets with donor restrictions

    beginning of year $156,670,102 · end of year $144,167,461

Mission and programs · 2024

Mission

NEO PHILANTHROPY, INC. NURTURES STRONG, SUSTAINABLE, AND TRANSFORMATIVE MOVEMENTS FOR JUSTICE BY CONNECTING CHANGEMAKERS AND FUNDERS, SUPPORTING EMERGING LEADERS AND MOVEMENTS, AND DRIVING RESOURCES TO GROUPS ACCELERATING CHANGE.

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE FISCAL SPONSORSHIP PROGRAM PROVIDES ADMINISTRATIVE AND SUPPORT SERVICES TO OTHER NONPROFIT ORGANIZATIONS AND/OR PROJECTS THAT DO NOT HAVE 501(C)(3) TAX EXEMPT STATUS. THIS PROGRAM ALSO WORKS WITH THESE ORGANIZATIONS, SERVING AS AN INCUBATOR FOR PROJECTS THAT ARE CLOSELY ALIGNED WITH THE ORGANIZATION'S MISSION.

    Expenses $52,310,799 · Grants $10,320,751

  • THE STATE INFRASTRUCTURE FUND SUPPORTS THE DEVELOPMENT OF STATE-BASED NETWORKS OF ORGANIZATIONS THAT COORDINATE THEIR PROGRAMMING TO INCREASE CIVIC PARTICIPATION AMONG HISTORICALLY UNDERREPRESENTED COMMUNITIES AND TO PROTECT THEIR RIGHT TO VOTE.

    Expenses $35,486,124 · Grants $33,032,450

  • THE DONOR SERVICES PROGRAM PROVIDES STRATEGIC, OPERATIONAL, AND SUPPORT SERVICES TO DONOR-DRIVEN PROJECTS, DEVELOPED IN COLLABORATION WITH FUNDERS. FUNDERS INCLUDE PRIVATE FOUNDATIONS, PHILANTHROPIC AFFINITY GROUPS, CORPORATE DONORS, COMMUNITY FOUNDATIONS, AS WELL AS INDIVIDUALS. ALTHOUGH DONOR-DRIVEN, DONOR SERVICES PROJECTS MUST FIRST AND FOREMOST BE ALIGNED WITH OUR ORGANIZATIONAL MISSION AND VALUES AND CAN INCLUDE SIGNIFICANT GRANTMAKING EFFORTS.

    Expenses $35,247,592 · Grants $14,627,573

  • Other charitable and grantmaking programs

    Expenses $23,621,733 · Grants $23,592,752 · Revenue $1,297,041

  • THE FOUR FREEDOMS FUND IS A NATIONAL DONOR COLLABORATIVE WORKING TOWARDS FULL INTEGRATION OF IMMIGRANTS AS ACTIVE PARTICIPANTS IN OUR DEMOCRACY BY SUPPORTING A ROBUST LOCAL, STATE AND NATIONAL INFRASTRUCTURE OF IMMIGRANTS' RIGHTS ORGANIZATIONS AND LEADERS

    Expenses $23,464,362 · Grants $19,679,019

  • Strategic Partnership Programs offer collaborative environments to develop, pilot, and continually iterate on initiatives around philanthropic practice, methods, and structures, with particular expertise building participatory decision-making models.

    Expenses $3,607,917 · Grants $2,855,000

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

Listed in Part VII

  • Cathy Albisa

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christina Schatz

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kerrien Suarez

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Ruff

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alex-Handrah Aime

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Blake Strode

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Darren Sandow

    BOARD MEMBER (THROUGH JANUARY 2024)

    Total calculated
    $0
    Hours/week
    1

  • Glenn Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Gilroy Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kesi B Foster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sean Thomas-Breitfeld

    BOARD MEMBER (THROUGH JULY 2024)

    Total calculated
    $0
    Hours/week
    1

  • Erin Ballard

    COO AND EXECUTIVE VP

    Total calculated
    $325,126
    From this org
    $269,084
    From related orgs
    $2,636
    Other
    $53,406
    Hours/week
    39.6 + 0.4 related

    Schedule J breakdown matched by us

    Base
    $269,084 + $2,636 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,948 + $132 related
    Nontaxable benefits
    $38,933 + $393 related
    Filer's total
    $321,965 + $3,161 related

  • Michele Lord

    PRESIDENT

    Total calculated
    $383,616
    From this org
    $323,627
    From related orgs
    $3,955
    Other
    $56,034
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $323,627 + $3,955 related
    Bonus
    $0
    Other
    $0
    Deferred
    $16,523 + $198 related
    Nontaxable benefits
    $38,815 + $498 related
    Filer's total
    $378,965 + $4,651 related

  • Su Lim

    CFO AND VP OF INFRASTRUCTURE

    Total calculated
    $283,795
    From this org
    $220,283
    From related orgs
    $27,224
    Other
    $36,288
    Hours/week
    35.6 + 4.4 related

    Schedule J breakdown matched by us

    Base
    $220,283 + $27,224 related
    Bonus
    $0
    Other
    $0
    Deferred
    $11,139 + $1,361 related
    Nontaxable benefits
    $21,120 + $2,668 related
    Filer's total
    $252,542 + $31,253 related

  • Erica Linnick

    VICE PRESIDENT, SIF

    Total calculated
    $311,631
    From this org
    $260,028
    From related orgs
    $0
    Other
    $51,603
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,028
    Bonus
    $0
    Other
    $0
    Deferred
    $13,261
    Nontaxable benefits
    $38,342
    Filer's total
    $311,631

  • Margarita Rubalcava

    CHIEF PROGRAM OFFICER

    Total calculated
    $319,259
    From this org
    $266,010
    From related orgs
    $446
    Other
    $52,803
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $266,010 + $446 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,529 + $22 related
    Nontaxable benefits
    $39,182 + $70 related
    Filer's total
    $318,721 + $538 related

  • Rini Chakraborty

    VICE PRESIDENT, FFF

    Total calculated
    $297,570
    From this org
    $257,563
    From related orgs
    $12,583
    Other
    $27,424
    Hours/week
    38.1 + 1.9 related

    Schedule J breakdown matched by us

    Base
    $257,563 + $12,583 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,877 + $630 related
    Nontaxable benefits
    $13,264 + $653 related
    Filer's total
    $283,704 + $13,866 related

  • Rutledge Simmons

    VICE PRESIDENT AND GENERAL COUNSEL

    Total calculated
    $326,078
    From this org
    $277,300
    From related orgs
    $994
    Other
    $47,784
    Hours/week
    39.9 + 0.1 related

    Schedule J breakdown matched by us

    Base
    $277,300 + $994 related
    Bonus
    $0
    Other
    $0
    Deferred
    $9,442
    Nontaxable benefits
    $38,194 + $148 related
    Filer's total
    $324,936 + $1,142 related

  • Alexandra Toma

    PROGRAM DIRECTOR

    Total calculated
    $285,355
    From this org
    $245,940
    From related orgs
    $0
    Other
    $39,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,940
    Bonus
    $0
    Other
    $0
    Deferred
    $12,381
    Nontaxable benefits
    $27,034
    Filer's total
    $285,355

  • Amanda Navarro

    PROGRAM DIRECTOR

    Total calculated
    $266,820
    From this org
    $228,298
    From related orgs
    $0
    Other
    $38,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,298
    Bonus
    $0
    Other
    $0
    Deferred
    $11,587
    Nontaxable benefits
    $26,935
    Filer's total
    $266,820

  • Dwana Franklin Davis

    PROGRAM DIRECTOR

    Total calculated
    $411,697
    From this org
    $355,267
    From related orgs
    $0
    Other
    $56,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,267
    Bonus
    $0
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $39,180
    Filer's total
    $411,697

  • Edwin Rekosh

    PROGRAM DIRECTOR

    Total calculated
    $279,847
    From this org
    $244,257
    From related orgs
    $0
    Other
    $35,590
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,257
    Bonus
    $0
    Other
    $0
    Deferred
    $12,428
    Nontaxable benefits
    $23,162
    Filer's total
    $279,847

  • Zainab Salbi

    PROGRAM DIRECTOR

    Total calculated
    $298,168
    From this org
    $271,493
    From related orgs
    $0
    Other
    $26,675
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,493
    Bonus
    $0
    Other
    $0
    Deferred
    $13,750
    Nontaxable benefits
    $12,925
    Filer's total
    $298,168

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 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.1
Source object
202523079349302822

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

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