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Nonprofiteer
← BOREALIS PHILANTHROPY

Form 990 for tax year 2024

Filed by BOREALIS PHILANTHROPY.

Totals

Total revenue
$42,473,306
Total expenses
$54,652,165
Contributions and grants received
$41,274,648
Grants paid
$40,129,865
Program service revenue
$0
Investment income
$1,193,539
Other revenue
$5,119
Total assets, end of year
$78,225,705
Total liabilities, end of year
$14,155,892
Net assets or fund balances, end of year
$64,069,813
Program services expenses (Part IX)
$45,117,965
Management and general expenses
$8,601,630
Fundraising expenses
$932,570
Program service expenses (Part III)
$45,117,965

Program services were 82.6% 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

    $41,274,648

  • 3 · Investment income

    total $635,023 · excluded $635,023

  • 7a · Gross sales of assets other than inventory

    securities $29,480,206

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

    securities $28,921,690

  • 7c · Gain or loss

    securities $558,516

  • 7d · Net gain or loss

    total $558,516 · excluded $558,516

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,119 · excluded $5,119

  • 11e · Other revenue, total

    $5,119

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,129,865 · program services $40,129,865

  • 5 · Compensation of officers, directors and key employees

    total $710,397 · management and general $710,397

  • 7 · Other salaries and wages

    total $5,719,012 · program services $2,474,420 · management and general $2,686,529 · fundraising $558,063

  • 8 · Pension plan contributions

    total $224,137 · program services $97,290 · management and general $104,905 · fundraising $21,942

  • 9 · Other employee benefits

    total $1,110,491 · program services $450,830 · management and general $557,984 · fundraising $101,677

  • 10 · Payroll taxes

    total $496,777 · program services $193,023 · management and general $260,459 · fundraising $43,295

  • 11b · Fees: legal

    total $83,891 · management and general $83,891

  • 11c · Fees: accounting

    total $27,885 · management and general $27,885

  • 11g · Fees: other

    total $3,407,214 · program services $820,375 · management and general $2,430,763 · fundraising $156,076

  • 13 · Office expenses

    total $359,996 · program services $3,176 · management and general $356,820

  • 14 · Information technology

    total $476,856 · management and general $476,856

  • 16 · Occupancy

    total $11,839 · management and general $11,839

  • 17 · Travel

    total $1,002,092 · program services $498,762 · management and general $469,765 · fundraising $33,565

  • 19 · Conferences, conventions and meetings

    total $716,450 · program services $378,254 · management and general $320,244 · fundraising $17,952

  • 23 · Insurance

    total $39,298 · management and general $39,298

  • 24a · Other expenses: OTHER PROGRAM COSTS

    total $71,970 · program services $71,970

  • 24b · Other expenses: DUES AND MEMBERSHIPS

    total $57,126 · management and general $57,126

  • 24c · Other expenses: LICENSE AND FEES

    total $6,869 · management and general $6,869

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $69,965,542 · end of year $57,537,860

  • 3 · Pledges and grants receivable

    beginning of year $16,691,330 · end of year $20,614,693

  • 9 · Prepaid expenses and deferred charges

    beginning of year $101,751 · end of year $72,492

  • 15 · Other assets

    beginning of year $660 · end of year $660

  • 17 · Accounts payable and accrued expenses

    beginning of year $716,447 · end of year $798,892

  • 18 · Grants payable

    beginning of year $12,973,000 · end of year $13,357,000

  • 27 · Net assets without donor restrictions

    beginning of year $14,197,674 · end of year $13,605,488

  • 28 · Net assets with donor restrictions

    beginning of year $58,872,162 · end of year $50,464,325

Mission and programs · 2024

Mission

BOREALIS PHILANTHROPY DIRECTS RESOURCES TO PEOPLE BUILDING POWERFUL, THRIVING COMMUNITIES THAT SERVE ALL OF US, WITH THOSE MOST IMPACTED BY INJUSTICE LEADING THE WAY. WE INVEST IN LEADERS, ORGANIZATIONS, AND MOVEMENTS USING DIVERSE AND INNOVATIVE STRATEGIES TO PURSUE TRANSFORMATIONAL CHANGE, AND WE WORK WITH DONORS TO SUPPORT MOVEMENTS IN WAYS THEY MAY NOT BE ABLE TO DO ON THEIR OWN. THROUGH OUR WORK WITH BOTH FUNDERS AND GRANTEE PARTNERS, WE AIM TO SHIFT POWER AND INVEST IN COMMUNITIES.

  • THE BLACK-LED MOVEMENT FUND SUPPORTS THE MOVEMENT FOR BLACK LIVES (M4BL) AND OTHER VALUES-ALIGNED ORGANIZATIONS TO BETTER SHAPE POLICY AGENDAS FOR BLACK COMMUNITIES, CREATE ALTERNATIVES TO INSTITUTIONS THAT HAVE BEEN HARMFUL TO BLACK PEOPLE, AND BUILD LOCAL BLACK COMMUNITY POWER. 2024 HIGHLIGHTS:$7.3M IN GENERAL OPERATING SUPPORT GRANTS$839K IN RAPID RESPONSE GRANTS121 GRANTEE PARTNERS

    Expenses $8,485,543 · Grants $7,311,000

  • THE DISABILITY INCLUSION FUND SEEDS AND EXPANDS THE CAPACITY OF THE DISABILITY JUSTICE MOVEMENT BY RESOURCING POWERFUL GRASSROOTS LEADERS AT THE FOREFRONT OF DISMANTLING ABLEISM THROUGH POLICY ADVOCACY, COMMUNITY ORGANIZING, ART, AND NARRATIVE CHANGE.2024 HIGHLIGHTS:$5.1M IN GRANTS$142K IN RESPONSE GRANTS75 GRANTEE PARTNERS

    Expenses $6,509,082 · Grants $5,137,000

  • THE RACIAL EQUITY IN PHILANTHROPY FUND HAS INVESTED IN PHILANTHROPY-SERVING ORGANIZATIONS TO INFORM, EDUCATE, AND EQUIP FUNDERS TO INTEGRATE RACIAL EQUITY POLICIES AND PRACTICES INTO THEIR GRANTMAKING PROGRAMS. THIS FUND WILL FORMALLY SUNSET IN 2025. 2024 HIGHLIGHTS:$6.1M IN GRANTS

    Expenses $6,350,193 · Grants $6,100,000

  • THE COMMUNITIES TRANSFORMING POLICING FUND RESOURCES LOCAL COMMUNITIES IMPACTED BY DEADLY AND DISCRIMINATORY POLICING PRACTICES TO BUILD POWER, INCREASE POLICE ACCOUNTABILITY AND TRANSPARENCY, AND REDEFINE SAFETY BY ADVOCATING FOR INVESTMENT IN COMMUNITY-BASED PROGRAMS AND SERVICES AS ALTERNATIVES TO POLICE, JAILS, AND PRISONS.

    Expenses $6,197,169 · Grants $5,163,675

  • THE RACIAL EQUITY IN JOURNALISM FUND INVESTS IN, CONNECTS, AND THREADS THE BIPOC JOURNALISM ECOSYSTEM, DISRUPTING HARMFUL NARRATIVES AND INCREASING CIVIC ENGAGEMENT FOR COMMUNITIES OF COLOR BY REACHING THEM WITH VITAL, RELEVANT INFORMATION.

    Expenses $5,729,015 · Grants $3,890,001

  • THE FUND FOR TRANS GENERATIONS RESOURCES BIPOC, TRANS-LED ORGANIZATIONS WORKING TO ADVANCE COMMUNITY SAFETY, SUPPORTIVE COMMUNITY HOUSING, DECARCERATION, AND ACCESS TO HEALTH CARE AND MENTAL HEALTHTO BUILD A WORLD IN WHICH ALL PEOPLE CAN LIVE WITH SELF DETERMINATION, SAFETY, AND JOY.

    Expenses $3,673,260 · Grants $2,937,000

  • THE EMERGING LGBTQ LEADERS OF COLOR FUND* SUPPORTS THE ROLE THAT YOUNG TRANS AND QUEER LEADERS PLAY TO SUPPORT PRO-LGBTQ, RACIAL JUSTICE MOVEMENTS IN BECOMING MORE CONNECTED, INCLUSIVE, AND THUS MORE POWERFUL. THE FUND INVESTS IN LEADERS AND ORGANIZATIONS WHO UNDERSTAND THAT THE ISSUES LIKE COMMUNITY SAFETY, REPRODUCTIVE JUSTICE, IMMIGRANT RIGHTS, AND OTHERS DO NOT EXIST IN ISOLATION FROM EACH OTHER, AND WHO APPROACH LIBERATION WORK FROM A PLACE OF INCLUSION. THESE LEADERS ENVISION AND IMPLEMENT ORGANIZING STRATEGIES THAT ADDRESS HOW THESE ISSUES INTERSECT.*FORMERLY THE TRANSFORMING MOVEMENTS FUND

    Expenses $3,285,191 · Grants $2,730,500

  • THE SPARK JUSTICE FUND RESOURCES GRASSROOTS ORGANIZING GROUPS THAT ARE ENDING MONEY BAIL AND UNJUST PRETRIAL DETENTION POLICIES. GRANTEES' LONGER-TERM GOALS ARE TO SIGNIFICANTLY REDUCE JAIL POPULATIONS, DECRIMINALIZE POVERTY, AND REDUCE DISPARITIES FOR LOW-INCOME COMMUNITIES OF COLOR, INCLUDING FOR WOMEN OF COLOR AND OTHER MARGINALIZED PEOPLE.

    Expenses $2,560,910 · Grants $1,777,900

  • THE RACIAL EQUITY TO ACCELERATE CHANGE FUND IS EXPANDING THE CAPACITY OF RACIAL EQUITY CONSULTANTS TO WORK WITH NONPROFIT ORGANIZATIONS. THE FUND INVESTS IN PRACTITIONERS TO DEVELOP AND SCALE TOOLS AND STRATEGIES FOR THE BENEFIT OF THE NONPROFIT SECTOR.

    Expenses $2,327,602 · Grants $1,915,000

  • MOVEMENT SUPPORT SERVICES AND OTHER GENERAL PROGRAM ACTIVITIES.

    Grants $3,167,789

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

Listed in Part VII

  • Jennifer Ching

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3
  • Jeanne Bell

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Charles Long

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ebony Harper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Inca Mohammed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Simran Noor

    DIRECTOR (THROUGH MARCH)

    Total calculated
    $0
    Hours/week
    2
  • Cara Reedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Thena Robinson Mock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stephanie Fuerstner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Amoretta Morris

    PRESIDENT

    Total calculated
    $285,846
    From this org
    $254,402
    From related orgs
    $0
    Other
    $31,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,402
    Bonus
    $0
    Other
    $0
    Deferred
    $10,201
    Nontaxable benefits
    $21,243
    Filer's total
    $285,846
  • Randolph Miller

    MANAGING DIRECTOR

    Total calculated
    $267,360
    From this org
    $218,888
    From related orgs
    $0
    Other
    $48,472
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,888
    Bonus
    $0
    Other
    $0
    Deferred
    $8,833
    Nontaxable benefits
    $39,639
    Filer's total
    $267,360
  • Rebecca Luxenberg

    DIRECTOR OF FINANCE

    Total calculated
    $208,028
    From this org
    $163,772
    From related orgs
    $0
    Other
    $44,256
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,772
    Bonus
    $0
    Other
    $0
    Deferred
    $6,739
    Nontaxable benefits
    $37,517
    Filer's total
    $208,028
  • Winifred Olliff

    DIRECTOR OF OPERATIONS

    Total calculated
    $183,321
    From this org
    $170,475
    From related orgs
    $0
    Other
    $12,846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,475
    Bonus
    $0
    Other
    $0
    Deferred
    $2,530
    Nontaxable benefits
    $10,316
    Filer's total
    $183,321
  • Maya Wiener Berkowitz

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $220,369
    From this org
    $182,962
    From related orgs
    $0
    Other
    $37,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,962
    Bonus
    $0
    Other
    $0
    Deferred
    $7,365
    Nontaxable benefits
    $30,042
    Filer's total
    $220,369
  • Carrie Coley

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $205,231
    From this org
    $177,792
    From related orgs
    $0
    Other
    $27,439
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,792
    Bonus
    $0
    Other
    $0
    Deferred
    $7,134
    Nontaxable benefits
    $20,305
    Filer's total
    $205,231
  • Julia Beatty

    PROGRAM DIRECTOR

    Total calculated
    $190,794
    From this org
    $164,142
    From related orgs
    $0
    Other
    $26,652
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,142
    Bonus
    $0
    Other
    $0
    Deferred
    $6,632
    Nontaxable benefits
    $20,020
    Filer's total
    $190,794
  • Nnene J Essien

    DIRECTOR OF PEOPLE & CULTURE

    Total calculated
    $226,632
    From this org
    $177,049
    From related orgs
    $0
    Other
    $49,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,049
    Bonus
    $0
    Other
    $0
    Deferred
    $7,013
    Nontaxable benefits
    $42,570
    Filer's total
    $226,632

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202523079349303597

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

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