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← NEIGHBORHOOD FUNDERS GROUP

Form 990 for tax year 2023

Filed by NEIGHBORHOOD FUNDERS GROUP.

Totals

Total revenue
$19,031,021
Total expenses
$14,856,736
Contributions and grants received
$18,374,136
Grants paid
$8,105,690
Program service revenue
$312,760
Investment income
$341,025
Other revenue
$3,100
Total assets, end of year
$31,529,017
Total liabilities, end of year
$516,046
Net assets or fund balances, end of year
$31,012,971
Program services expenses (Part IX)
$13,814,928
Management and general expenses
$915,233
Fundraising expenses
$126,575
Program service expenses (Part III)
$13,814,928

Program services were 93.0% 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

    $633,473

  • 1f · All other contributions, gifts and grants

    $17,740,663

  • 2a · Program service revenue: Conference

    total $237,030 · related or exempt $237,030

  • 2b · Program service revenue: Other Program Revenue

    total $75,730 · related or exempt $75,730

  • 3 · Investment income

    total $341,025 · excluded $341,025

  • 11a · Other revenue: Credit Card Redemptions

    total $3,100 · excluded $3,100

  • 11e · Other revenue, total

    $3,100

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,060,690 · program services $8,060,690

  • 2 · Grants to domestic individuals

    total $45,000 · program services $45,000

  • 5 · Compensation of officers, directors and key employees

    total $201,000 · program services $40,200 · management and general $120,600 · fundraising $40,200

  • 7 · Other salaries and wages

    total $2,488,880 · program services $2,242,833 · management and general $200,806 · fundraising $45,241

  • 8 · Pension plan contributions

    total $156,729 · program services $126,409 · management and general $27,359 · fundraising $2,961

  • 9 · Other employee benefits

    total $293,248 · program services $262,887 · management and general $24,295 · fundraising $6,066

  • 10 · Payroll taxes

    total $203,470 · program services $171,790 · management and general $24,679 · fundraising $7,001

  • 11b · Fees: legal

    total $37,550 · program services $24,459 · management and general $13,091

  • 11c · Fees: accounting

    total $169,084 · program services $111,677 · management and general $57,407

  • 11g · Fees: other

    total $1,990,982 · program services $1,796,381 · management and general $174,487 · fundraising $20,114

  • 12 · Advertising and promotion

    total $612 · fundraising $612

  • 13 · Office expenses

    total $10,112 · program services $6,889 · management and general $3,223

  • 14 · Information technology

    total $51,202 · program services $13,820 · management and general $37,382

  • 16 · Occupancy

    total $31,228 · program services $24,751 · management and general $6,477

  • 17 · Travel

    total $93,261 · program services $61,565 · management and general $27,646 · fundraising $4,050

  • 19 · Conferences, conventions and meetings

    total $690,711 · program services $671,775 · management and general $18,936

  • 22 · Depreciation, depletion and amortization

    total $14,971 · program services $5,968 · management and general $9,003

  • 23 · Insurance

    total $10,300 · program services $5,016 · management and general $5,284

  • 24a · Other expenses: Staff meeting expenses

    total $112,780 · program services $43,339 · management and general $69,441

  • 24b · Other expenses: Fees and services

    total $44,936 · program services $38,103 · management and general $6,833

  • 24c · Other expenses: Web-based services

    total $38,815 · program services $5,574 · management and general $33,241

  • 24d · Other expenses: Board expenses

    total $29,373 · management and general $29,373

  • 24e · All other expenses

    total $81,802 · program services $55,802 · management and general $25,670 · fundraising $330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,122,953 · end of year $23,104,595

  • 4 · Accounts receivable

    beginning of year $5,156,828 · end of year $8,318,578

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,177 · end of year $63,925

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

    $69,729

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

    $42,431

  • 10c · Land, buildings and equipment, net

    beginning of year $24,164 · end of year $27,298

  • 15 · Other assets

    beginning of year $25,699 · end of year $14,621

  • 17 · Accounts payable and accrued expenses

    beginning of year $478,617 · end of year $497,784

  • 19 · Deferred revenue

    beginning of year $27,521 · end of year $6,553

  • 25 · Other liabilities

    beginning of year $15,997 · end of year $11,709

  • 27 · Net assets without donor restrictions

    beginning of year $6,855,506 · end of year $8,354,869

  • 28 · Net assets with donor restrictions

    beginning of year $19,983,180 · end of year $22,658,102

Mission and programs · 2023

Mission

Neighborhood Funders Group (NFG) is a network of national and local grantmakers throughout the U.S. Our mission is to organize philanthropy to support grassroots power building so that communities of color and low-income communities thrive. We bring together funders to learn, connect, and mobilize resources with an intersectional and place-based focus.

Activities or mission (Part I)

NFG organizes philanthropy to support grassroots power building so that communities of color and low-income communities thrive.

  • The Amplify Fund is a funder collaborative that has channeled over $17.5 million since 2018 to support BIPOC and low-income communities to build power and to influence decisions about the places they live and work. Together with our funding partners, Amplify leads a place-based strategy and collaborates directly with movement leaders in each place (California, Missouri, Nevada, North Carolina, Pennsylvania, Puerto Rico, South Carolina, and Tennessee) to make grantmaking decisions.

    Expenses $5,286,446 · Grants $3,400,000

  • Funders for a Just Economy (FJE) is a national network of funders committed to advancing the philanthropic conversation around economic justice and workplace power. This network investigates and highlights economic discrimination and disparities based on race, gender, and migration status; and how philanthropy perpetuates these disparities through its grantmaking and employment practices.

    Expenses $485,196

  • Integrated Rural Strategies Group (IRSG) is developing a shared understanding among funders at a national scale of what it takes to build community-led capacity to advance justice and equity for rural communities. Using a placebased approach, IRSG is bringing funders together to address local needs and gaps in rural organizing infrastructure and develop shared agendas to support rural organizing and justiceadvancing efforts.

    Expenses $434,807 · Revenue $6,000

  • Across all of NFG's programs, we focus on lifting up community voices and place-based strategies. Our work in place builds and strengthens relationships between national grantmakers, local and regional funders, and community organizations for our long-term outcome: philanthropic assets are liberated so that BIPOC communities and low-income communities have power to self-determine.NFG's National Convenings are currently designed for staff and board members at foundations and grantmaking organizations whose primary activity is funding racial, gender, economic, disability, and climate justice.

    Expenses $7,608,479 · Grants $4,705,690 · Revenue $306,760

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

Listed in Part VII

  • Tania Duran

    Co-Chair

    Total calculated
    $0
    Hours/week
    4

  • Kaberi Banerjee Murthy

    Co-Chair

    Total calculated
    $0
    Hours/week
    4

  • Aaron Tanaka

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Judith Bell

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Cory Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Aditi Vaidya

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Kevin Ryan

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Mark Paley

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Altaf Rahamatulla

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Matt Barron

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Amy Morris

    Interim President

    Total calculated
    $222,584
    From this org
    $197,974
    From related orgs
    $0
    Other
    $24,610
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,974
    Bonus
    $0
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $12,610
    Filer's total
    $222,584

  • Elizabeth Velez

    VP, Finance and Operations

    Total calculated
    $132,870
    From this org
    $125,393
    From related orgs
    $0
    Other
    $7,477
    Hours/week
    40

  • Jennifer Epps

    Program Director

    Total calculated
    $209,571
    From this org
    $163,523
    From related orgs
    $0
    Other
    $46,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,523
    Bonus
    $0
    Other
    $0
    Deferred
    $10,132
    Nontaxable benefits
    $35,916
    Filer's total
    $209,571

  • Melody Baker

    Interim Sr Director Amplify (through Oct)

    Total calculated
    $179,133
    From this org
    $157,504
    From related orgs
    $0
    Other
    $21,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,504
    Bonus
    $0
    Other
    $0
    Deferred
    $9,470
    Nontaxable benefits
    $12,159
    Filer's total
    $179,133

  • Manisha Vaze

    VP, Programs

    Total calculated
    $179,519
    From this org
    $159,226
    From related orgs
    $0
    Other
    $20,293
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,226
    Bonus
    $0
    Other
    $0
    Deferred
    $9,500
    Nontaxable benefits
    $10,793
    Filer's total
    $179,519

  • Renata Peralta

    Director of Learning & Com

    Total calculated
    $145,853
    From this org
    $127,914
    From related orgs
    $0
    Other
    $17,939
    Hours/week
    40

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403179349300400

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