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← FUNDERS FOR LESBIAN AND GAY ISSUES INC

Form 990 for tax year 2023

Filed by FUNDERS FOR LESBIAN AND GAY ISSUES INC.

Totals

Total revenue
$3,067,132
Total expenses
$4,653,261
Contributions and grants received
$2,907,342
Grants paid
$882,500
Program service revenue
$191,500
Investment income
-$31,710
Other revenue
$0
Total assets, end of year
$4,754,327
Total liabilities, end of year
$445,537
Net assets or fund balances, end of year
$4,308,790
Program services expenses (Part IX)
$3,948,697
Management and general expenses
$457,253
Fundraising expenses
$247,311
Program service expenses (Part III)
$3,948,697

Program services were 84.9% 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.

  • 1b · Membership dues

    $631,885

  • 1f · All other contributions, gifts and grants

    $2,275,457

  • 2a · Program service revenue: PROGRAM FEES

    total $191,500 · related or exempt $191,500

  • 3 · Investment income

    total $107,341 · excluded $107,341

  • 7a · Gross sales of assets other than inventory

    securities $755,662

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

    securities $894,713

  • 7c · Gain or loss

    securities -$139,051

  • 7d · Net gain or loss

    total -$139,051 · excluded -$139,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $882,500 · program services $882,500

  • 5 · Compensation of officers, directors and key employees

    total $436,666 · program services $345,198 · management and general $50,514 · fundraising $40,954

  • 7 · Other salaries and wages

    total $1,081,476 · program services $852,986 · management and general $129,218 · fundraising $99,272

  • 8 · Pension plan contributions

    total $44,224 · program services $36,010 · management and general $2,904 · fundraising $5,310

  • 9 · Other employee benefits

    total $217,444 · program services $177,057 · management and general $14,278 · fundraising $26,109

  • 10 · Payroll taxes

    total $112,117 · program services $91,294 · management and general $7,362 · fundraising $13,461

  • 11a · Fees: management

    total $865,031 · program services $780,785 · management and general $44,441 · fundraising $39,805

  • 11c · Fees: accounting

    total $45,056 · program services $40,668 · management and general $2,315 · fundraising $2,073

  • 11f · Fees: investment management

    total $27,351 · management and general $27,351

  • 13 · Office expenses

    total $94,132 · program services $80,982 · management and general $8,381 · fundraising $4,769

  • 14 · Information technology

    total $8,229 · program services $6,707 · management and general $753 · fundraising $769

  • 16 · Occupancy

    total $19,830 · program services $16,398 · management and general $1,784 · fundraising $1,648

  • 17 · Travel

    total $387,817 · program services $263,980 · management and general $120,244 · fundraising $3,593

  • 19 · Conferences, conventions and meetings

    total $400,901 · program services $347,763 · management and general $45,549 · fundraising $7,589

  • 24e · All other expenses

    total $30,487 · program services $26,369 · management and general $2,159 · fundraising $1,959

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $941,957 · end of year $83,893

  • 2 · Savings and temporary cash investments

    beginning of year $21,967 · end of year $291,498

  • 3 · Pledges and grants receivable

    beginning of year $198,500

  • 4 · Accounts receivable

    beginning of year $803,500 · end of year $476,950

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

    $67,751

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

    $67,751

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,723,837 · end of year $3,900,250

  • 15 · Other assets

    beginning of year $1,736 · end of year $1,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $270,110 · end of year $265,537

  • 25 · Other liabilities

    beginning of year $0 · end of year $180,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,447,974 · end of year $3,421,956

  • 28 · Net assets with donor restrictions

    beginning of year $1,973,413 · end of year $886,834

Mission and programs · 2023

Mission

FUNDERS FOR LGBTQ ISSUES WORK TO INCREASE THE SCALE AND IMPACT OF PHILANTHROPIC RESOURCES AIMED AT ENHANCING THE WELL-BEING OF LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUEER COMMUNITIES, PROMOTING EQUITY, AND ADVANCING RACIAL, ECONOMIC AND GENDER JUSTICE.

Activities or mission (Part I)

FUNDERS FOR LGBTQ ISSUES EDUCATES AND ORGANIZES FUNDERS AND SUPPORTS POWER-BUILDING TO CREATE AN ABUNDANCE OF RESOURCES FOR THE JUSTICE AND LIBERATION OF ALL QUEER COMMUNITIES.

  • CONVENING, TRAINING, & RESEARCH: FUNDERS FOR LGBTQ ISSUES PROVIDES CONVENINGS, TRAININGS, AND RESEARCH TO EDUCATE FUNDERS ABOUT THE NEEDS OF LESBIAN, GAY, BISEXUAL, AND TRANSGENDER COMMUNITIES. CONVENINGS INCLUDE THE ANNUAL FUNDING FORWARD CONFERENCE TO HELP FUNDERS MAXIMIZE THE IMPACT OF THEIR GRANTMAKING IN LGBT COMMUNITIES. FUNDERS FOR LGBTQ ISSUES ALSO PROVIDED CONVENINGS AND TRAININGS ON LGBTQ ISSUES FOR MORE THAN 100 FOUNDATION STAFF AND TRUSTEES.

    Expenses $2,185,506 · Revenue $191,500

  • OUT IN THE SOUTH: THE OUT IN THE SOUTH INITIATIVE SEEKS TO INCREASE THE SCALE AND IMPACT OF FOUNDATION FUNDING FOR LGBTQ COMMUNITIES IN THE U.S. SOUTH. THE INITIATIVE RAISES AWARENESS ABOUT THE UNIQUE NEEDS AND ASSETS OF SOUTHERN LGBTQ COMMUNITIES AND PROVIDES SUPPORT FOR LGBTQ PHILANTHROPIC FUNDS BASED IN THE SOUTH. IN 2023, THE INITIATIVE AWARDED $882,500 IN PLANNING GRANTS AND MATCHING GRANTS TO HELP STRENGTHEN 13 LGBTQ FUNDS ACROSS THE REGION.

    Expenses $1,306,451 · Grants $882,500

  • GRANTMAKERS UNITED FOR TRANS COMMUNITIES (GUTC): THE GUTC INITIATIVE AIMS TO INSPIRE A PHILANTHROPIC CULTURE THAT IS INCLUSIVE AND SUPPORTIVE OF TRANSGENDER PEOPLE IN BOTH GRANTMAKING AND DECISION-MAKING. IN 2023, THE INITIATIVE OFFERED THE GUTC LEADERSHIP FELLOWSHIP, PROVIDING SIX TRANSGENDER AND NON-BINARY PROFESSIONALS IN PHILANTHROPY WITH SUPPORT, PEER NETWORKING, AND PROFESSIONAL DEVELOPMENT ACTIVITIES. WE CURRENTLY HAVE 25 GRADUATES OF THE PROGRAM.

    Expenses $456,740

As filed on the 2023 return.

Listed in Part VII

  • ALDITO GALLARDO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANA CONNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRE RIVERA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CATHY KAPUA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA RENFRO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DESIREE FLORES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GLO ROSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JASON MCGILL

    OUTGOING TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN JAYES-GREEN

    SECRETARY/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUDY YU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KAREN APPELBAUM

    TREASURER/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLI KING-JACKSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LANE HARWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NAMITA CHAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAULINA HELM-HERNNDEZ

    VICE CHAIR/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICKKE MANANZALA

    OUTGOING BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RYE YOUNG

    OUTGOING SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BILL SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SAIDA AGOSTINI-BOSTIC

    PRESIDENT

    Total calculated
    $255,838
    From this org
    $235,000
    From related orgs
    $0
    Other
    $20,838
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,000
    Bonus
    $0
    Other
    $0
    Deferred
    $7,442
    Nontaxable benefits
    $13,396
    Filer's total
    $255,838

  • ALEX LEE

    DEPUTY DIRECTOR

    Total calculated
    $180,339
    From this org
    $159,500
    From related orgs
    $0
    Other
    $20,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,500
    Bonus
    $0
    Other
    $0
    Deferred
    $7,443
    Nontaxable benefits
    $13,396
    Filer's total
    $180,339

  • APRIL BETHEA

    DIRECTOR

    Total calculated
    $150,370
    From this org
    $130,321
    From related orgs
    $0
    Other
    $20,049
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,321
    Bonus
    $0
    Other
    $0
    Deferred
    $6,653
    Nontaxable benefits
    $13,396
    Filer's total
    $150,370

  • CLEOPATRA ACQUAYE-REYNOLDS

    DIRECTOR

    Total calculated
    $152,109
    From this org
    $135,000
    From related orgs
    $0
    Other
    $17,109
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,713
    Nontaxable benefits
    $13,396
    Filer's total
    $152,109

  • MARVIN WEBB

    CHIEF FINANCIAL OFFICER

    Total calculated
    $180,829
    From this org
    $170,804
    From related orgs
    $0
    Other
    $10,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,804
    Bonus
    $0
    Other
    $0
    Deferred
    $10,025
    Nontaxable benefits
    $0
    Filer's total
    $180,829

  • STEPHEN SWITZER

    DIRECTOR

    Total calculated
    $105,365
    From this org
    $102,028
    From related orgs
    $0
    Other
    $3,337
    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

The filer's explanations (Part III)

PART I, LINE 3
LAST COMPENSATION STUDY WAS CONDUCTED IN 2023.

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 October 2024
IRS schema version
2023v5.1
Source object
202412869349300101

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

The source document this was parsed from is served over the API, which is where bulk and document access live.