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The Althea Foundation FY2021 filing

San Francisco, CAUnknown exempt organization EIN 20-0371450Revenue $44K in FY2021

On file with the IRSthealtheafoundation.org3701 Sacramento Street 436 · San Francisco, CA

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Since 2003, the Althea Foundation has used a venture model to provide financial and nonfinancial support to people, ideas and initiatives that demonstrate ingenuity, social impact and social entrepreneurship. We address social challenges that have been underfunded, such as gender equity in entrepreneurship and stem, rare disease, mental health treatment and education. We partner with investors, entrepreneurs and philanthropists who use technology to scale and enhance social impact. Our work is focused in the US & UK.

47¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
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Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
47%
of spending
Concern: 47% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
Spent
$69K
To programs
47%
Net assets
$24K
By yearFY2021–FY2025
Revenue
$44K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$44K
FY2022$62K
FY2023$65K
FY2024$22K
FY2025$6K
Net assets
$24K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$24K
FY2022$3K
FY2023$52
FY2024$2K
FY2025Not on file

From the FY2021 Form 990 (year ending January 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

47 cents of each dollar spent went to programs.

Program services 47% · $32K Management & general 53% · $37K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Alexsis De Raadt St James
President/Founder
$0Pt VII · Sec A
Nick Shore
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Hoffman
Board Member
$0Pt VII · Sec A
Ed Fuller
Board Member
$0Pt VII · Sec A
Susan Amble
Board Member
$0Pt VII · Sec A
Mark Leishman
Board Member
$0Pt VII · Sec A
Priya Guha
Board Member
$0Pt VII · Sec A
See The Althea Foundation 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 15aNo

Programs and updates

Supports ingenious social entrepreneurs and initiatives addressing underfunded challenges like gender equity and mental health.

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Provided by the organization

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1 program · $32K · in their own filed words · FY2020
01

The althea foundation funds new initiatives and established organizations it believes could benefit from additional financial help to ensure continued success and impact. The althea foundation serves not only as provider of capital but also a valued business partner.

$32Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$44K
Ln 12
Gifts and grantsLn 1h$44K
Money outPt IX
$69K
Ln 25
Programscol B$32K
Managementcol C$37K
Owns and owesPt X
$24K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$26K
LiabilitiesLn 26$2K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$1K
Total assetsLn 16$26K
LiabilitiesLn 26$2K
Net assetsLn 32$24K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJanuary
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
LineStart FY21End FY21
Cash and savingsLn 1–2$34K$8K
Land, buildings, equipmentLn 10c$16K$16K
Total assetsLn 16$51K$26K
LiabilitiesLn 26$3K$2K
Net assetsLn 32$48K$24K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$32K$32K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$10K$10K
Information technologyLn 14$2K$2K
OccupancyLn 16$15K$15K
TravelLn 17$618$618
Depreciation, depletion and amortizationLn 22$235$235
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1K$1K
All other expensesLn 24e$147$147
Total functional expensesLn 25$69K$32K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6K 990 PDF
FY2024 $22K$2K 990 PDF
FY2023 $65K$52 990 PDF
FY2022 $62K$3K 990 PDF
FY2021 Viewing $44K$69K−$25K$24K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants F · Foreign O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $44,421 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $446,026$44,421
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $446,026$44,421
I-13 Grants and similar amounts paidPrior year $371,394$32,231
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,120$36,913
I-18 Total expensesPrior year $423,514$69,144
I-19 Revenue less expensesPrior year $22,512−$24,723
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $44,421 across 3 lines filed
VIII-1f All other contributions, gifts and grants$44,421
VIII-1h Total contributions, gifts and grants$44,421
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$44,421
Part IX · Statement of functional expenses $69,144 across 11 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $32,231$32,231
IX-11b Legal feesManagement $2,064$2,064
IX-11c Accounting feesManagement $3,441$3,441
IX-11g Other fees for servicesManagement $9,561$9,561
IX-14 Information technologyManagement $1,561$1,561
IX-16 OccupancyManagement $15,449$15,449
IX-17 TravelManagement $618$618
IX-22 Depreciation, depletion and amortizationManagement $235$235
IX-23 InsuranceManagement $2,648$2,648
IX-24 Other expenses (24a–d)Management $1,189$1,189
IX-24e All other expensesManagement $147$147
IX-25 Total functional expensesPrograms $32,231 · Management $36,913 · Fundraising $0$69,144
Part X · Balance sheet $25,529 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $34,021$8,392
X-10c Land, buildings and equipment, netStart of year $15,648$15,648
X-15 Other assetsStart of year $1,489$1,489
X-16 Total assetsStart of year $51,158$25,529
X-17 Accounts payable and accrued expensesStart of year $3,064$1,923
X-26 Total liabilitiesStart of year $3,064$1,923
X-32 Total net assets or fund balancesStart of year $48,094$23,606
X-33 Total liabilities and net assetsStart of year $51,158$25,529
Part XI · Reconciliation of net assets $23,606 net assets at year end
XI-1 Total revenue$44,421
XI-2 Total expenses$69,144
XI-3 Revenue less expenses−$24,723
XI-4 Net assets at start of year$48,094
XI-9 Other changes in net assets$235
XI-10 Net assets at end of year$23,606

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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