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Nonprofiteer
← CO-IMPACT PHILANTHROPIC FUNDS INC

Form 990 for tax year 2023

Filed by CO-IMPACT PHILANTHROPIC FUNDS INC.

Totals

Total revenue
$360,064,037
Total expenses
$73,834,767
Contributions and grants received
$354,033,218
Grants paid
$64,160,621
Program service revenue
$0
Investment income
$6,030,819
Other revenue
$0
Total assets, end of year
$318,248,255
Total liabilities, end of year
$8,720,974
Net assets or fund balances, end of year
$309,527,281
Program services expenses (Part IX)
$68,583,941
Management and general expenses
$5,060,302
Fundraising expenses
$190,524
Program service expenses (Part III)
$68,583,941

Program services were 92.9% 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.

  • 1f · All other contributions, gifts and grants

    $354,033,218

  • 3 · Investment income

    total $6,030,819 · excluded $6,030,819

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,982,623 · program services $40,982,623

  • 3 · Grants to foreign organizations and individuals

    total $23,177,998 · program services $23,177,998

  • 5 · Compensation of officers, directors and key employees

    total $3,136,587 · program services $1,409,896 · management and general $1,631,655 · fundraising $95,036

  • 7 · Other salaries and wages

    total $2,576,822 · program services $1,004,809 · management and general $1,480,350 · fundraising $91,663

  • 11b · Fees: legal

    total $359,655 · management and general $359,655

  • 11c · Fees: accounting

    total $162,749 · management and general $162,749

  • 11g · Fees: other

    total $2,008,474 · program services $1,520,333 · management and general $484,316 · fundraising $3,825

  • 13 · Office expenses

    total $75,898 · program services $10,279 · management and general $65,619

  • 14 · Information technology

    total $475,711 · program services $2,300 · management and general $473,411

  • 17 · Travel

    total $650,383 · program services $341,330 · management and general $309,053

  • 23 · Insurance

    total $93,494 · management and general $93,494

  • 24a · Other expenses: DESIGN WORKSHOP

    total $105,198 · program services $105,198

  • 24b · Other expenses: MEMBERSHIP DUES

    total $26,677 · program services $26,677

  • 24e · All other expenses

    total $2,498 · program services $2,498

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $19,753,468 · end of year $209,878,280

  • 3 · Pledges and grants receivable

    beginning of year $12,000,000 · end of year $107,770,528

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,037 · end of year $597,341

  • 15 · Other assets

    end of year $2,106

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,297,210 · end of year $358,099

  • 18 · Grants payable

    beginning of year $1,460,944 · end of year $6,712,875

  • 19 · Deferred revenue

    end of year $1,650,000

  • 27 · Net assets without donor restrictions

    end of year $1,897,889

  • 28 · Net assets with donor restrictions

    beginning of year $29,042,351 · end of year $307,629,392

Mission and programs · 2023

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 EIGHT GRANTS IN 2023 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 $47,269,558 · Grants $43,210,017

  • 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 40 GRANTS IN 2023 AND ARE SUPPORTING OVER 85 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, SEXUAL AND REPRODUCTIVE HEALTH AND RIGHTS, 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 $21,314,383 · Grants $20,950,604

As filed on the 2023 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
    $547,204
    From this org
    $499,658
    From related orgs
    $0
    Other
    $47,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $499,658
    Bonus
    $0
    Other
    $0
    Deferred
    $27,183
    Nontaxable benefits
    $20,363
    Filer's total
    $547,204

  • TSITSI MASIYIWA

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • PATTY STONESIFER - BOARD

    MEMBER/VICE-CHAIR (AS OF 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • LAURA GARCIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GARGEE GHOSH

    BOARD MEMBER (THRU 12/31/2023)

    Total calculated
    $0
    Hours/week
    1

  • MARYANA ISKANDER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • INGRID SRINATH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICOLA FORREST AO

    BOARD MEMBER (AS OF 05/2023)

    Total calculated
    $0
    Hours/week
    1

  • VICKY HAWK

    CHIEF FINANCIAL OFFICER/TREASURER

    Total calculated
    $230,958
    From this org
    $185,128
    From related orgs
    $0
    Other
    $45,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,638
    Bonus
    $1,490
    Other
    $0
    Deferred
    $13,950
    Nontaxable benefits
    $31,880
    Filer's total
    $230,958

  • PAMELA FOSTER

    CHIEF OPERATING OFFICER/SECRETARY

    Total calculated
    $464,759
    From this org
    $394,391
    From related orgs
    $0
    Other
    $70,368
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $390,894
    Bonus
    $3,497
    Other
    $0
    Deferred
    $24,887
    Nontaxable benefits
    $45,481
    Filer's total
    $464,759

  • MARIA ALFONSINA PENALOZA - DIR

    PROGRAMS, LATIN AMERICA & GLOBAL

    Total calculated
    $222,285
    From this org
    $197,991
    From related orgs
    $0
    Other
    $24,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,225
    Bonus
    $1,866
    Other
    $900
    Deferred
    $8,230
    Nontaxable benefits
    $16,064
    Filer's total
    $222,285

  • MARY WANDIA WANJIRU

    REGIONAL DIRECTOR, AFRICA

    Total calculated
    $229,210
    From this org
    $200,476
    From related orgs
    $0
    Other
    $28,734
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,576
    Bonus
    $0
    Other
    $900
    Deferred
    $15,966
    Nontaxable benefits
    $12,768
    Filer's total
    $229,210

  • RAKESH RAJANI

    VP, PROGRAMS (THRU 08/2023)

    Total calculated
    $356,561
    From this org
    $310,747
    From related orgs
    $0
    Other
    $45,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,251
    Bonus
    $3,496
    Other
    $0
    Deferred
    $16,855
    Nontaxable benefits
    $28,959
    Filer's total
    $356,561

  • ANNA-MARIE HARLING - MANAGING

    DIRECTOR, PHILANTHROPIC COLLAB.

    Total calculated
    $300,400
    From this org
    $257,713
    From related orgs
    $0
    Other
    $42,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,713
    Bonus
    $0
    Other
    $0
    Deferred
    $18,165
    Nontaxable benefits
    $24,522
    Filer's total
    $300,400

  • YASMIN MADAN - DIRECTOR

    US LEAD, PHILANTHROPIC COLLABORATION

    Total calculated
    $241,526
    From this org
    $200,850
    From related orgs
    $0
    Other
    $40,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,233
    Bonus
    $1,617
    Other
    $0
    Deferred
    $15,086
    Nontaxable benefits
    $25,590
    Filer's total
    $241,526

  • ABRAHAM GRINDLE

    DIRECTOR, PROGRAMS

    Total calculated
    $241,356
    From this org
    $201,116
    From related orgs
    $0
    Other
    $40,240
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,517
    Bonus
    $1,599
    Other
    $0
    Deferred
    $15,105
    Nontaxable benefits
    $25,135
    Filer's total
    $241,356

  • VARJA LIPOVSEK

    DIR., LEARNING, MEAS. & EVAL.

    Total calculated
    $285,973
    From this org
    $215,520
    From related orgs
    $0
    Other
    $70,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,520
    Bonus
    $0
    Other
    $0
    Deferred
    $21,656
    Nontaxable benefits
    $48,797
    Filer's total
    $285,973

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
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443099349300524

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

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