North Star Fund INC: Nonprofit Profile, Financials & Form 990 (EIN 13-2950801)

Revenue by fiscal year
FY2020	$14.9M
FY2021	$32.3M
FY2022	$14.1M
FY2023	$13.4M
FY2024	$15.2M
FY2025	$8.3M

Expenses by fiscal year
FY2020	$18.1M
FY2021	$18.5M
FY2022	$16.0M
FY2023	$10.1M
FY2024	$13.8M
FY2025	$17.0M

Net assets by fiscal year
FY2020	$11.2M
FY2021	$25.4M
FY2022	$23.2M
FY2023	$27.0M
FY2024	$28.8M
FY2025	$20.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

82%

Program services 82% · $14.0M Management & general 10% · $1.7M Fundraising 8% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Jennifer Ching

Executive Director

$262,262Pt VII · Sec A

Kellie Terry

Philanthropy Programs Dir

$151,583Pt VII · Sec A

Junie Francois Pswarayi

Dir. of Finance and Operations

$148,533Pt VII · Sec A

Kofoworola Anifalaje

Development Director

$143,736Pt VII · Sec A

Elinore Cuya Jones

Director, Special Campaigns (thru 9/24)

$141,826Pt VII · Sec A

Kathleen Pequeno

Communications Director

$129,864Pt VII · Sec A

Manny Vaz

Cpr Executive Director

$112,000Pt VII · Sec A

Gabriela Quintanilla

Hudson Valley Prog. Dir.

$109,066Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2021	FY2020
Jennifer Ching	$262,262	$178,389	$171,235	$168,144	$175,444
Kellie Terry	$151,583	$143,535	$118,208	—	—
Junie Francois Pswarayi	$148,533	$141,279	$34,411	—	—
Kofoworola Anifalaje	$143,736	—	—	—	—
Elinore Cuya Jones	$141,826	$139,585	$136,900	—	—
Kathleen Pequeno	$129,864	$137,583	$137,037	—	—
Kofo Anifalaje	—	$128,536	$120,852	—	—
Elz Cuya Jones	—	—	—	$113,630	$110,802

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See North Star Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds grassroots, community-led social justice organizing and mobilizes philanthropic resources to build power for communities of color in New York.

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1 program · $14.0M · in their own filed words · FY2024

01

In fy '25, north star fund supported community organizing in new york through awarding grants to emerging grassroots groups and organizing people and philanthropic efforts in support of social justice.

$14.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Fieldcrest Aspiration FoundationFY2025$51K

Ggm TrFY2025$28K

Singh Foundation INCFY2025$8K

Total grants receivedfrom 3 funders$87K

See all 3 funders →

Grants paid · 495 grants · $55.3M · 2019–2024

National Philanthropic TrustPA · FY2024$1,000,000

Cooper Square Community Development Committee INCNY · FY2024$60,000

GlltsNY · FY2024$60,000

East Harlem El Barrio Community Land Trust INCNY · FY2024$60,000

Casa Community Action for Safe Apartments New SettlementNY · FY2024$60,000

Common Defense Education Fund INCNY · FY2024$60,000

Sylvia Rivera Law Project INCNY · FY2024$60,000

Hispanic Resource Center of Larchmont Mamaroneck INCNY · FY2024$60,000

Guardians of Flushing Bay INCNY · FY2024$60,000

Mekong INCNY · FY2024$60,000

La Colmena Nyc INC DBA La Colmena F/K/A Staten Island Community Job CenterNY · FY2024$60,000

Allied Media Projects INCMI · FY2024$60,000

Carroll Gardens Association IncorporatedNY · FY2024$60,000

Hoops4kids INCNY · FY2024$60,000

Community Aid & Development CorporationGA · FY2024$60,000

Social Justice Center of Albany INCNY · FY2024$60,000

The New York Community TrustNY · FY2024$30,000

New Yorkers Defending DemocracyFY2024$25,000

See all 495 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$8.3M

Ln 12

Gifts and grantsLn 1h$7.1M

Investment incomeLn 3$900K

Fees for servicesLn 2g$246K

Money outPt IX

$17.0M

Ln 25

Programscol B$14.0M

Managementcol C$1.7M

Fundraisingcol D$1.3M

Owns and owesPt X

$20.3M

net assets · Ln 32

Cash and savingsLn 1–2$12.0M

Total assetsLn 16$22.5M

LiabilitiesLn 26$2.2M

PeoplePt VI, VII

28

listed · VII A

PaidVII A8

Voting boardVI 1a21

IndependentVI 1b20

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.1M

Noncash giftsLn 1g$105K

Fundraising eventsLn 1c$692K

Fees for servicesLn 2g$246K

Investment incomeLn 3$900K

Other incomeLn 4–11$3K

Gains on assetsLn 7$402K

Total revenueLn 12$8.3M

Assets in detailPt X, end of year

CashLn 1$2.0M

SavingsLn 2$10.0M

Cash and savings togetherLn 1–2$12.0M

InvestmentsLn 11–13$8.0M

Land, buildings, equipmentLn 10c$38K

Other assetsLn 15$216K

Total assetsLn 16$22.5M

LiabilitiesLn 26$2.2M

Net assetsLn 32$20.3M

OperationsPt I, VI

EmployeesI 522

VolunteersI 630

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$15.3M	$12.0M
InvestmentsLn 11–13	$15.6M	$8.0M
Land, buildings, equipmentLn 10c	$58K	$38K
Total assetsLn 16	$33.6M	$22.5M
LiabilitiesLn 26	$4.9M	$2.2M
Net assetsLn 32	$28.8M	$20.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$10.7M	$10.7M
Grants to domestic individualsLn 2	$5K	$5K
Pay of current officers, directors and key staffLn 5	$798K	$282K	$284K	$232K
Other salaries and wagesLn 7	$2.0M	$1.2M	$333K	$489K
Pension plan contributionsLn 8	$137K	$84K	$23K	$31K
Other employee benefitsLn 9	$471K	$272K	$78K	$120K
Payroll taxesLn 10	$235K	$126K	$49K	$60K
Legal feesLn 11b	$53K	$31K	$22K
Accounting feesLn 11c	$140K		$140K
Lobbying feesLn 11d	$48K	$30K	$18K
Professional fundraising feesLn 11e	$11K			$11K
Investment management feesLn 11f	$47K		$47K
Other fees for servicesLn 11g	$278K	$70K	$178K	$30K
Office expensesLn 13	$346K	$29K	$302K	$15K
OccupancyLn 16	$242K	$123K	$54K	$65K
TravelLn 17	$33K	$10K	$23K	$238
Conferences, conventions and meetingsLn 19	$118K	$39K	$79K	$39
Depreciation, depletion and amortizationLn 22	$31K		$31K
InsuranceLn 23	$17K		$17K
Other expenses (24a–d)Ln 24	$1.3M	$986K		$290K
Total functional expensesLn 25	$17.0M	$14.0M	$1.7M	$1.3M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$8.3M	$17.0M	−$8.7M	$20.3M	990 PDF
FY2024	$15.2M	$13.8M	$1.4M	$28.8M	990 PDF
FY2023	$13.4M	$10.1M	$3.3M	$27.0M	990 PDF
FY2022	$14.1M	$16.0M	−$1.8M	$23.2M	990 PDF
FY2021	$32.3M	$18.5M	$13.8M	$25.4M	990 PDF
FY2020	$14.9M	$18.1M	−$3.2M	$11.2M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2025 990 (6 parts)

Part I · Summary $8,257,296 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $14,196,398$7,109,157

I-9 Program service revenuePrior year $113,014$245,734

I-10 Investment incomePrior year $785,038$899,696

I-11 Other revenuePrior year $65,666$2,709

I-12 Total revenuePrior year $15,160,116$8,257,296

I-13 Grants and similar amounts paidPrior year $7,613,802$10,696,690

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $3,184,403$3,664,591

I-16a Professional fundraising feesPrior year $15,613$11,045

I-17 Other expensesPrior year $2,952,573$2,631,132

I-18 Total expensesPrior year $13,766,391$17,003,458

I-19 Revenue less expensesPrior year $1,393,725−$8,746,162

Part VI · Governance 20 of 21 board members independent, no flags

VI-1a Voting members of the governing body21

VI-1b Independent voting members20

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $8,257,296 across 10 lines filed

VIII-1c Fundraising events$692,493

VIII-1f All other contributions, gifts and grants$6,416,664

VIII-1g Noncash contributions (included above)$104,999

VIII-1h Total contributions, gifts and grants$7,109,157

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $245,734$245,734

VIII-3 Investment incomeExcluded from tax $497,644$497,644

VIII-7 Net gain or loss on sales of assetsExcluded from tax $402,052$402,052

VIII-8 Net income from fundraising events$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,709$2,709

VIII-12 Total revenueRelated to mission $245,734 · Unrelated business $0 · Excluded from tax $902,405$8,257,296

Part IX · Statement of functional expenses $17,003,458 across 20 lines filed

IX-1 Grants to domestic organizationsPrograms $10,691,814$10,691,814

IX-2 Grants to domestic individualsPrograms $4,876$4,876

IX-5 Pay of current officers, directors and key staffPrograms $282,131 · Management $283,513 · Fundraising $232,228$797,872

IX-7 Other salaries and wagesPrograms $1,201,917 · Management $333,266 · Fundraising $488,546$2,023,729

IX-8 Pension plan contributionsPrograms $84,064 · Management $22,655 · Fundraising $30,545$137,264

IX-9 Other employee benefitsPrograms $272,175 · Management $78,486 · Fundraising $120,073$470,734

IX-10 Payroll taxesPrograms $126,199 · Management $49,037 · Fundraising $59,756$234,992

IX-11b Legal feesPrograms $31,221 · Management $21,986$53,207

IX-11c Accounting feesManagement $140,380$140,380

IX-11d Lobbying feesPrograms $30,000 · Management $17,775$47,775

IX-11e Professional fundraising feesFundraising $11,045$11,045

IX-11f Investment management feesManagement $47,094$47,094

IX-11g Other fees for servicesPrograms $70,041 · Management $178,417 · Fundraising $29,741$278,199

IX-13 Office expensesPrograms $29,449 · Management $301,574 · Fundraising $15,190$346,213

IX-16 OccupancyPrograms $122,783 · Management $53,822 · Fundraising $65,205$241,810

IX-17 TravelPrograms $9,582 · Management $23,427 · Fundraising $238$33,247

IX-19 Conferences, conventions and meetingsPrograms $39,108 · Management $79,260 · Fundraising $39$118,407

IX-22 Depreciation, depletion and amortizationManagement $31,441$31,441

IX-23 InsuranceManagement $17,328$17,328

IX-24 Other expenses (24a–d)Programs $985,717 · Fundraising $290,314$1,276,031

IX-25 Total functional expensesPrograms $13,981,077 · Management $1,679,461 · Fundraising $1,342,920$17,003,458

Part X · Balance sheet $22,483,630 assets, 17 lines filed

X-1 Cash, non-interest-bearingStart of year $5,527,700$1,992,039

X-2 Savings and temporary cash investmentsStart of year $9,817,467$9,967,232

X-3 Pledges and grants receivableStart of year $2,062,552$2,138,574

X-9 Prepaid expenses and deferred chargesStart of year $123,703$178,770

X-10c Land, buildings and equipment, netStart of year $57,553$37,532

X-11 Publicly traded securitiesStart of year $15,590,096$7,953,339

X-15 Other assetsStart of year $458,349$216,144

X-16 Total assetsStart of year $33,637,420$22,483,630

X-17 Accounts payable and accrued expensesStart of year $229,258$199,358

X-18 Grants payableStart of year $3,926,295$1,511,500

X-19 Deferred revenueStart of year $40,000$40,000

X-25 Other liabilitiesStart of year $667,074$408,199

X-26 Total liabilitiesStart of year $4,862,627$2,159,057

X-27 Net assets without donor restrictionsStart of year $17,767,389$9,817,023

X-28 Net assets with donor restrictionsStart of year $11,007,404$10,507,550

X-32 Total net assets or fund balancesStart of year $28,774,793$20,324,573

X-33 Total liabilities and net assetsStart of year $33,637,420$22,483,630

Part XI · Reconciliation of net assets $20,324,573 net assets at year end

XI-1 Total revenue$8,257,296

XI-2 Total expenses$17,003,458

XI-3 Revenue less expenses−$8,746,162

XI-4 Net assets at start of year$28,774,793

XI-5 Net unrealized gains (losses) on investments$295,942

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$20,324,573

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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