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Nonprofiteer
← NEO PHILANTHROPY ACTION FUND INC

Form 990 for tax year 2023

Filed by NEO PHILANTHROPY ACTION FUND INC.

Totals

Total revenue
$9,101,710
Total expenses
$6,111,295
Contributions and grants received
$8,911,973
Grants paid
$3,184,575
Program service revenue
$91,500
Investment income
$98,237
Other revenue
$0
Total assets, end of year
$13,831,195
Total liabilities, end of year
$403,438
Net assets or fund balances, end of year
$13,427,757
Program services expenses (Part IX)
$5,601,446
Management and general expenses
$501,248
Fundraising expenses
$8,601
Program service expenses (Part III)
$5,601,446

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

    $8,911,973

  • 1g · Noncash contributions included above

    $517,646

  • 2a · Program service revenue: Program Services

    total $91,500 · related or exempt $91,500

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $102,636 · excluded $102,636

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $513,247

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

    securities $517,646

  • 7c · Gain or loss

    securities -$4,399 · other assets $0

  • 7d · Net gain or loss

    total -$4,399 · excluded -$4,399

  • 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 $3,184,575 · program services $3,184,575

  • 5 · Compensation of officers, directors and key employees

    total $35,673 · management and general $33,630 · fundraising $2,043

  • 7 · Other salaries and wages

    total $911,899 · program services $657,891 · management and general $248,653 · fundraising $5,355

  • 8 · Pension plan contributions

    total $25,533 · program services $15,972 · management and general $9,292 · fundraising $269

  • 9 · Other employee benefits

    total $168,105 · program services $130,813 · management and general $36,866 · fundraising $426

  • 10 · Payroll taxes

    total $61,221 · program services $45,240 · management and general $15,677 · fundraising $304

  • 11b · Fees: legal

    total $28,320 · management and general $28,320

  • 11c · Fees: accounting

    total $25,785 · management and general $25,785

  • 11f · Fees: investment management

    total $1,478 · management and general $1,478

  • 11g · Fees: other

    total $1,407,666 · program services $1,406,561 · management and general $1,105 · fundraising $0

  • 13 · Office expenses

    total $155,554 · program services $72,860 · management and general $82,694

  • 16 · Occupancy

    total $35,918 · program services $27,158 · management and general $8,556 · fundraising $204

  • 17 · Travel

    total $6,035 · program services $6,035

  • 19 · Conferences, conventions and meetings

    total $40,286 · program services $40,286

  • 24a · Other expenses: Miscellaneous

    total $23,247 · program services $14,055 · management and general $9,192

  • 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 $3,846,054 · end of year $5,879,330

  • 2 · Savings and temporary cash investments

    beginning of year $3,249,049 · end of year $3,364,516

  • 3 · Pledges and grants receivable

    beginning of year $5,139,433 · end of year $4,569,283

  • 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 $111,467 · end of year $18,066

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,793 · end of year $163,668

  • 18 · Grants payable

    beginning of year $1,535,000 · end of year $210,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $273,713 · end of year $29,770

  • 27 · Net assets without donor restrictions

    beginning of year $2,108,221 · end of year $2,444,134

  • 28 · Net assets with donor restrictions

    beginning of year $8,311,276 · end of year $10,983,623

Mission and programs · 2023

Mission

TO PROMOTE SOCIAL WELFARE AND THE COMMON GOOD, ADVANCE SOCIAL JUSTICE, AND ADVOCATE POLICY REFORM TO IMPROVE THE QUALITY OF LIFE FOR ALL PERSONS.

  • Civic Engagement: NEO Action Fund promotes civic engagement through grant-making, funder alignment, and voter education to support movement-building and advocacy at the state, local, and national levels. The program seeks to support creation of a policy environment that is more inclusive of all voters, especially young people, people of color, and underrepresented communities.

    Expenses $3,026,452 · Grants $1,641,975

  • Immigration: NEO Action Fund's program on immigration seeks to strengthen the long-term effectiveness of the grassroots immigrant justice movement to engage more adeptly in policy advocacy and in holding decision-makers accountable.

    Expenses $1,746,643 · Grants $1,375,000

  • OTHER PROGRAMS

    Expenses $828,351 · Grants $167,600 · Revenue $91,500

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Gilroy ESQ

    Chairperson

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sara Jameel Hadad

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Rovika Rajkishun

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susan Stamler

    Board Member (Through September 2023)

    Total calculated
    $0
    Hours/week
    1

  • Erin Ballard

    COO and Executive VP

    Total calculated
    $314,959
    From this org
    $3,478
    From related orgs
    $260,951
    Other
    $50,530
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $3,478 + $260,951 related
    Bonus
    $0
    Other
    $0
    Deferred
    $174 + $13,496 related
    Nontaxable benefits
    $468 + $36,392 related
    Filer's total
    $4,120 + $310,839 related

  • Michele Lord

    President

    Total calculated
    $370,378
    From this org
    $2,188
    From related orgs
    $314,968
    Other
    $53,222
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $2,188 + $314,968 related
    Bonus
    $0
    Other
    $0
    Deferred
    $109 + $16,269 related
    Nontaxable benefits
    $256 + $36,588 related
    Filer's total
    $2,553 + $367,825 related

  • Su Lim

    CFO and VP of Infrastructure

    Total calculated
    $236,737
    From this org
    $25,008
    From related orgs
    $178,913
    Other
    $32,816
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $25,008 + $178,913 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,250 + $9,050 related
    Nontaxable benefits
    $2,742 + $19,774 related
    Filer's total
    $29,000 + $207,737 related

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 · Form 990 of other organizations
  • 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
31 October 2024
IRS schema version
2023v5.1
Source object
202443059349300044

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

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