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Nonprofiteer
← NEO PHILANTHROPY INC

Form 990 for tax year 2022

Filed by NEO PHILANTHROPY INC.

Totals

Total revenue
$132,029,874
Total expenses
$114,068,624
Contributions and grants received
$130,310,623
Grants paid
$54,269,225
Program service revenue
$1,374,621
Investment income
$344,630
Other revenue
$0
Total assets, end of year
$153,308,341
Total liabilities, end of year
$12,072,401
Net assets or fund balances, end of year
$141,235,940
Program services expenses (Part IX)
$106,025,292
Management and general expenses
$7,390,641
Fundraising expenses
$652,691
Program service expenses (Part III)
$106,025,292

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.

  • 1d · Related organizations

    $250,000

  • 1f · All other contributions, gifts and grants

    $130,060,623

  • 1g · Noncash contributions included above

    $12,514,643

  • 2a · Program service revenue: CONFERENCE FEES

    total $223,948 · related or exempt $223,948

  • 2b · Program service revenue: CONSULTING FEES

    total $661,057 · related or exempt $661,057

  • 2c · Program service revenue: PROGRAM REVENUE

    total $334,768 · related or exempt $334,768

  • 2d · Program service revenue: OTHER

    total $154,848 · related or exempt $154,848

  • 3 · Investment income

    total $332,622 · excluded $332,622

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $12,526,651

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

    securities $12,514,643

  • 7c · Gain or loss

    securities $12,008

  • 7d · Net gain or loss

    total $12,008 · excluded $12,008

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,558,661 · program services $53,558,661

  • 2 · Grants to domestic individuals

    total $166,500 · program services $166,500

  • 3 · Grants to foreign organizations and individuals

    total $544,064 · program services $544,064

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,369,384 · program services $366,632 · management and general $561,021 · fundraising $441,731

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $23,110,528 · program services $19,561,751 · management and general $3,431,405 · fundraising $117,372

  • 8 · Pension plan contributions

    total $839,063 · program services $725,342 · management and general $108,052 · fundraising $5,669

  • 9 · Other employee benefits

    total $4,297,156 · program services $3,651,324 · management and general $636,878 · fundraising $8,954

  • 10 · Payroll taxes

    total $1,899,352 · program services $1,594,642 · management and general $293,891 · fundraising $10,819

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $280,383 · program services $99,032 · management and general $181,351 · fundraising $0

  • 11c · Fees: accounting

    total $45,568 · program services $10,510 · management and general $35,058 · fundraising $0

  • 11d · Fees: lobbying

    total $88,167 · program services $88,167 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $21,956 · management and general $21,956

  • 11g · Fees: other

    total $21,879,077 · program services $20,821,285 · management and general $1,057,792

  • 12 · Advertising and promotion

    total $57,342 · program services $54,404 · management and general $2,938

  • 13 · Office expenses

    total $1,664,933 · program services $1,374,822 · management and general $268,250 · fundraising $21,861

  • 14 · Information technology

    total $289,440 · program services $199,003 · management and general $88,578 · fundraising $1,859

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $793,529 · program services $404,251 · management and general $356,912 · fundraising $32,366

  • 17 · Travel

    total $1,561,586 · program services $1,472,194 · management and general $77,332 · fundraising $12,060

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,317,032 · program services $1,222,850 · management and general $94,182 · fundraising $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $44,627 · management and general $44,627

  • 23 · Insurance

    total $99,652 · program services $20,187 · management and general $79,465

  • 24a · Other expenses: MISCELLANEOUS

    total $97,214 · program services $46,280 · management and general $50,934

  • 24b · Other expenses: EDUCATION AND OUTREACH

    total $43,410 · program services $43,391 · management and general $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,155,764 · end of year $25,833,218

  • 2 · Savings and temporary cash investments

    beginning of year $69,825,046 · end of year $83,431,801

  • 3 · Pledges and grants receivable

    beginning of year $40,582,485 · end of year $41,873,814

  • 4 · Accounts receivable

    beginning of year $84,596 · end of year $341,641

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $649,735 · end of year $615,838

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

    $720,074

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

    $414,241

  • 10c · Land, buildings and equipment, net

    beginning of year $134,777 · end of year $305,833

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,068 · end of year $906,196

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,327,537 · end of year $4,232,224

  • 18 · Grants payable

    beginning of year $8,061,127 · end of year $6,765,351

  • 19 · Deferred revenue

    beginning of year $0 · end of year $73,636

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,001,190

  • 27 · Net assets without donor restrictions

    beginning of year $11,870,922 · end of year $13,861,225

  • 28 · Net assets with donor restrictions

    beginning of year $115,176,885 · end of year $127,374,715

Mission and programs · 2022

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 $36,177,277 · Grants $5,766,025

  • 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 $30,281,476 · Grants $13,693,848

  • 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 $21,250,066 · Grants $19,232,500

  • Four Freedoms Fund

    Expenses $18,271,268 · Grants $15,572,250

  • Other Programs

    Expenses $45,205 · Grants $4,603 · Revenue $1,374,621

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dwana Franklin Davis

    PROGRAM DIRECTOR

    Total calculated
    $383,827
    From this org
    $337,228
    From related orgs
    $0
    Other
    $46,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $337,228
    Bonus
    $0
    Other
    $0
    Deferred
    $14,300
    Nontaxable benefits
    $32,299
    Filer's total
    $383,827

  • Michele Lord

    PRESIDENT

    Total calculated
    $356,267
    From this org
    $308,257
    From related orgs
    $953
    Other
    $47,057
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $308,257 + $953 related
    Bonus
    $0
    Other
    $0
    Deferred
    $14,555 + $39 related
    Nontaxable benefits
    $32,363 + $100 related
    Filer's total
    $355,175 + $1,092 related

  • Erin Ballard

    COO and Executive VP

    Total calculated
    $294,623
    From this org
    $245,260
    From related orgs
    $3,875
    Other
    $45,488
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $245,260 + $3,875 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,687 + $198 related
    Nontaxable benefits
    $32,136 + $467 related
    Filer's total
    $290,083 + $4,540 related

  • Rini Chakraborty

    Vice President, FFF

    Total calculated
    $289,197
    From this org
    $251,605
    From related orgs
    $1,694
    Other
    $35,898
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $251,605 + $1,694 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,624 + $85 related
    Nontaxable benefits
    $23,020 + $169 related
    Filer's total
    $287,249 + $1,948 related

  • Edwin Rekosh

    PROGRAM DIRECTOR

    Total calculated
    $283,331
    From this org
    $251,332
    From related orgs
    $0
    Other
    $31,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,332
    Bonus
    $0
    Other
    $0
    Deferred
    $12,688
    Nontaxable benefits
    $19,311
    Filer's total
    $283,331

  • Geoffrey Boehm

    GENERAL COUNSEL

    Total calculated
    $281,491
    From this org
    $223,057
    From related orgs
    $14,953
    Other
    $43,481
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $223,057 + $14,953 related
    Bonus
    $0
    Other
    $0
    Deferred
    $11,245 + $782 related
    Nontaxable benefits
    $29,266 + $2,188 related
    Filer's total
    $263,568 + $17,923 related

  • Alexandra Toma

    PROGRAM DIRECTOR

    Total calculated
    $254,940
    From this org
    $221,686
    From related orgs
    $0
    Other
    $33,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,686
    Bonus
    $0
    Other
    $0
    Deferred
    $11,141
    Nontaxable benefits
    $22,113
    Filer's total
    $254,940

  • Su Lim

    CFO and VP of Infrastructure

    Total calculated
    $227,467
    From this org
    $173,961
    From related orgs
    $23,664
    Other
    $29,842
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $173,961 + $23,664 related
    Bonus
    $0
    Other
    $0
    Deferred
    $8,701 + $1,251 related
    Nontaxable benefits
    $17,538 + $2,352 related
    Filer's total
    $200,200 + $27,267 related

  • Negar Tayyar

    PROGRAM DIRECTOR

    Total calculated
    $221,849
    From this org
    $200,997
    From related orgs
    $0
    Other
    $20,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,997
    Bonus
    $0
    Other
    $0
    Deferred
    $12,226
    Nontaxable benefits
    $8,626
    Filer's total
    $221,849

  • Erica Linnick

    Vice President, SIF

    Total calculated
    $214,821
    From this org
    $190,500
    From related orgs
    $0
    Other
    $24,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,321
    Filer's total
    $214,821

  • Sean Thomas-Breitfeld

    Chairperson (since 12/22)

    Total calculated
    $0
    Hours/week
    1

  • Kerrien Suarez

    1st VICE CHAIR (since 12/22)

    Total calculated
    $0
    Hours/week
    1

  • Christina Schatz

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Cathy Albisa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Gilroy Esq

    Board Member (since 12/22)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Glenn Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kristen Ruff

    2nd Vice Chair (since 12/22)

    Total calculated
    $0
    Hours/week
    1

  • Daren Sandow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ben Wyskida

    BOARD MEMBER (THROUGH SEPT 22)

    Total calculated
    $0
    Hours/week
    1

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.

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323119349303087

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

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