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Nonprofiteer
← NEO PHILANTHROPY INC

Form 990 for tax year 2023

Filed by NEO PHILANTHROPY INC.

Totals

Total revenue
$167,648,220
Total expenses
$128,270,774
Contributions and grants received
$164,174,117
Grants paid
$58,714,033
Program service revenue
$1,267,458
Investment income
$2,206,645
Other revenue
$0
Total assets, end of year
$199,912,880
Total liabilities, end of year
$19,571,875
Net assets or fund balances, end of year
$180,341,005
Program services expenses (Part IX)
$118,214,447
Management and general expenses
$9,131,905
Fundraising expenses
$924,422
Program service expenses (Part III)
$118,214,447

Program services were 92.2% 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

    $164,174,117

  • 1g · Noncash contributions included above

    $11,932,683

  • 2a · Program service revenue: CONFERENCE FEES

    total $422,235 · related or exempt $422,235

  • 2b · Program service revenue: CONSULTING FEES

    total $828,394 · related or exempt $828,394

  • 2c · Program service revenue: OTHER

    total $16,829 · related or exempt $16,829

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,278,349 · excluded $2,278,349

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $11,860,979

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

    securities $11,932,683

  • 7c · Gain or loss

    securities -$71,704 · other assets $0

  • 7d · Net gain or loss

    total -$71,704 · excluded -$71,704

  • 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 $58,089,639 · program services $58,089,639

  • 3 · Grants to foreign organizations and individuals

    total $624,394 · program services $624,394

  • 5 · Compensation of officers, directors and key employees

    total $1,954,795 · program services $317,858 · management and general $878,586 · fundraising $758,351

  • 7 · Other salaries and wages

    total $26,192,750 · program services $22,333,249 · management and general $3,803,684 · fundraising $55,817

  • 8 · Pension plan contributions

    total $966,081 · program services $815,664 · management and general $147,626 · fundraising $2,791

  • 9 · Other employee benefits

    total $5,263,147 · program services $4,542,822 · management and general $719,335 · fundraising $990

  • 10 · Payroll taxes

    total $2,193,674 · program services $1,846,045 · management and general $335,067 · fundraising $12,562

  • 11b · Fees: legal

    total $231,624 · program services $100,677 · management and general $130,947

  • 11c · Fees: accounting

    total $69,935 · program services $14,571 · management and general $55,364

  • 11d · Fees: lobbying

    total $30,742 · program services $30,742

  • 11f · Fees: investment management

    total $25,509 · management and general $25,509

  • 11g · Fees: other

    total $24,867,052 · program services $23,491,590 · management and general $1,375,462 · fundraising $0

  • 12 · Advertising and promotion

    total $51,508 · program services $46,753 · management and general $4,755

  • 13 · Office expenses

    total $1,706,890 · program services $1,382,437 · management and general $297,737 · fundraising $26,716

  • 14 · Information technology

    total $253,284 · program services $130,454 · management and general $121,008 · fundraising $1,822

  • 16 · Occupancy

    total $1,087,317 · program services $489,630 · management and general $557,194 · fundraising $40,493

  • 17 · Travel

    total $2,314,582 · program services $2,084,924 · management and general $204,778 · fundraising $24,880

  • 19 · Conferences, conventions and meetings

    total $1,828,331 · program services $1,756,637 · management and general $71,694

  • 22 · Depreciation, depletion and amortization

    total $192,575 · management and general $192,575

  • 23 · Insurance

    total $195,332 · program services $41,880 · management and general $153,452

  • 24a · Other expenses: MISCELLANEOUS

    total $100,227 · program services $53,704 · management and general $46,523

  • 24b · Other expenses: EDUCATION AND OUTREACH

    total $31,386 · program services $20,777 · management and general $10,609

  • 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 $25,833,218 · end of year $21,960,599

  • 2 · Savings and temporary cash investments

    beginning of year $83,431,801 · end of year $119,058,708

  • 3 · Pledges and grants receivable

    beginning of year $41,873,814 · end of year $47,490,219

  • 4 · Accounts receivable

    beginning of year $341,641 · end of year $118,823

  • 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

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $615,838 · end of year $1,537,953

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

    $1,566,575

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

    $102,425

  • 10c · Land, buildings and equipment, net

    beginning of year $305,833 · end of year $1,464,150

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $906,196 · end of year $8,282,428

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,232,224 · end of year $3,308,641

  • 18 · Grants payable

    beginning of year $6,765,351 · end of year $7,496,192

  • 19 · Deferred revenue

    beginning of year $73,636 · end of year $236,915

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning 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

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $1,001,190 · end of year $8,530,127

  • 27 · Net assets without donor restrictions

    beginning of year $13,861,225 · end of year $23,670,903

  • 28 · Net assets with donor restrictions

    beginning of year $127,374,715 · end of year $156,670,102

Mission and programs · 2023

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 $40,813,960 · Grants $5,655,945

  • 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 $32,877,470 · Grants $13,450,432

  • 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 $24,641,733 · Grants $23,042,950

  • THE FOUR FREEDOMS FUND IS A NATIONAL DONOR COLLABORATIVE WORKING TOWARDS FULL INTEGRATION OF IMMIGRANTS AS ACTIVE PARTICIPANTS IN OUR DEMOCRACY BY SUPPORTING A ROBUST LOCAL, STATE AND NATIONAL INFRASTRUCTURE OF IMMIGRANTS' RIGHTS ORGANIZATIONS AND LEADERS

    Expenses $19,742,424 · Grants $16,564,706

  • OTHER PROGRAMS

    Expenses $138,860 · Revenue $1,267,458

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

Listed in Part VII

  • Christina Schatz

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kerrien Suarez

    1ST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Ruff

    2ND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sean Thomas-Breitfeld

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Cathy Albisa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daren Sandow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Glenn Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Gilroy Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erin Ballard

    COO AND EXECUTIVE VP

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

    Schedule J breakdown matched by us

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

  • Michele Lord

    PRESIDENT

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

    Schedule J breakdown matched by us

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

  • Su Lim

    CFO AND VP OF INFRASTRUCTURE

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

    Schedule J breakdown matched by us

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

  • Erica Linnick

    VICE PRESIDENT, SIF

    Total calculated
    $295,721
    From this org
    $250,050
    From related orgs
    $0
    Other
    $45,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,050
    Bonus
    $0
    Other
    $0
    Deferred
    $9,656
    Nontaxable benefits
    $36,015
    Filer's total
    $295,721

  • Margarita Rubalcava

    VICE PRESIDFENT OF STRATEGIC PARTNERSHIPS

    Total calculated
    $299,129
    From this org
    $248,928
    From related orgs
    $623
    Other
    $49,578
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $248,928 + $623 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,688 + $31 related
    Nontaxable benefits
    $36,776 + $83 related
    Filer's total
    $298,392 + $737 related

  • Rini Chakraborty

    VICE PRESIDENT, FFF

    Total calculated
    $286,464
    From this org
    $254,593
    From related orgs
    $7,199
    Other
    $24,672
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $254,593 + $7,199 related
    Bonus
    $0
    Other
    $0
    Deferred
    $12,753 + $362 related
    Nontaxable benefits
    $11,379 + $178 related
    Filer's total
    $278,725 + $7,739 related

  • Rutledge Simmons

    VICE PRESIDENT AND GENERAL COUNSEL

    Total calculated
    $231,751
    From this org
    $173,455
    From related orgs
    $33,847
    Other
    $24,449
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $173,455 + $33,847 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,103 + $2,346 related
    Filer's total
    $195,558 + $36,193 related

  • Alexandra Toma

    PROGRAM DIRECTOR

    Total calculated
    $279,188
    From this org
    $241,740
    From related orgs
    $0
    Other
    $37,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,740
    Bonus
    $0
    Other
    $0
    Deferred
    $12,158
    Nontaxable benefits
    $25,290
    Filer's total
    $279,188

  • Amanda Navarro

    PROGRAM DIRECTOR

    Total calculated
    $265,639
    From this org
    $229,089
    From related orgs
    $0
    Other
    $36,550
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,089
    Bonus
    $0
    Other
    $0
    Deferred
    $11,155
    Nontaxable benefits
    $25,395
    Filer's total
    $265,639

  • Dwana Franklin Davis

    PROGRAM DIRECTOR

    Total calculated
    $367,249
    From this org
    $314,375
    From related orgs
    $0
    Other
    $52,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,375
    Bonus
    $0
    Other
    $0
    Deferred
    $16,065
    Nontaxable benefits
    $36,809
    Filer's total
    $367,249

  • Edwin Rekosh

    PROGRAM DIRECTOR

    Total calculated
    $270,154
    From this org
    $236,274
    From related orgs
    $0
    Other
    $33,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,274
    Bonus
    $0
    Other
    $0
    Deferred
    $12,044
    Nontaxable benefits
    $21,836
    Filer's total
    $270,154

  • Page Gleason

    DIRECTOR OF STATE STRATEGY, SIF

    Total calculated
    $238,820
    From this org
    $214,630
    From related orgs
    $0
    Other
    $24,190
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,630
    Bonus
    $0
    Other
    $0
    Deferred
    $10,887
    Nontaxable benefits
    $13,303
    Filer's total
    $238,820

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
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413059349301031

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