Borealis Philanthropy

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Borealis Philanthropy directs resources to people building powerful, thriving communities that serve all of US, with those most impacted by injustice leading the way. We invest in leaders, organizations, and movements using diverse and innovative strategies to pursue transformational change, and we work with donors to support movements in ways they may not be able to DO on their own. Through our work with both funders and grantee partners, we aim to shift power and invest in communities.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4598642) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 11 volunteers and 36 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $6.7M a year · 13% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
12.6 mo
of spending, in cash
12.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
35
named funders · $28.4M
35 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$14.2M
18% of total assets
Liabilities are 18% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$42.5M
+8% vs prior year
Spent
$54.7M
To programs
83%
Net assets
$64.1M
By yearFY2020–FY2024
Revenue
$42.5M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$50.6M
FY2021$83.9M
FY2022$37.5M
FY2023$39.4M
FY2024$42.5M
Expenses
$54.7M
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$36.4M
FY2021$39.2M
FY2022$45.6M
FY2023$44.6M
FY2024$54.7M
Net assets
$64.1M
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$40.3M
FY2021$85.0M
FY2022$77.2M
FY2023$73.1M
FY2024$64.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $45.1M Management & general 16% · $8.6M Fundraising 2% · $933K

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

17 people listed on the 990; $1.5M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$254,402Pt VII · Sec A
Managing Director
$218,888Pt VII · Sec A
Director of Development
$182,962Pt VII · Sec A
Director of Communications
$177,792Pt VII · Sec A
Director of People & Culture
$177,049Pt VII · Sec A
Director of Operations
$170,475Pt VII · Sec A
Program Director
$164,142Pt VII · Sec A
Director of Finance
$163,772Pt VII · Sec A

Amoretta Morris’s $254K as President is at the 29th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Amoretta Morris$254,402$205,636$208,273$167,904—
Randolph Miller$218,888$175,406———
Tammea Tyler - Left July 2020————$211,981
Rickke Mananzala - Left April 2020————$200,043
Maya Wiener Berkowitz$182,962$153,807———
Carrie Coley$177,792$153,499———
Nnene J Essien$177,049$124,754———
Ryan Li Dahlstrom——$173,742$150,655—

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 Borealis Philanthropy executive salaries →

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

Connects donors with grassroots leaders to fund and strengthen social justice movements, shifting philanthropic resources toward communities most impacted by systemic inequity.

Questions for Borealis Philanthropy

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3 programs · $21.3M · in their own filed words · FY2024
01

The black-led movement fund supports the movement for black lives (M4BL) and other values-aligned organizations to better shape policy agendas for black communities, create alternatives to institutions that have been harmful to black people, and build local black community power.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4598642) · Dispute this line
$8.5Mprogram expense
02

The disability inclusion fund seeds and expands the capacity of the disability justice movement by resourcing powerful grassroots leaders at the forefront of dismantling ableism through policy advocacy, community organizing, art, and narrative CHANGE.2024 HIGHLIGHTS:$5.1M in GRANTS$142K in response GRANTS75 grantee partners

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4598642) · Dispute this line
$6.5Mprogram expense
03

The racial equity in philanthropy fund has invested in philanthropy-serving organizations to inform, educate, and equip funders to integrate racial equity policies and practices into their grantmaking programs. This fund will formally sunset in 2025. 2024 HIGHLIGHTS:$6.1M in grants

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4598642) · Dispute this line
$6.4Mprogram 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 · FY2024
See all 35 funders →
Grants paid · 1,612 grants · $165.7M · 2020–2024
Social Good Fund INCCA · FY2024$988,000
Hispanics in PhilanthropyCA · FY2024$558,000
Allied Media Projects INCMI · FY2024$452,400
Tides CenterCA · FY2024$329,000
Solidaire Network INCCA · FY2024$300,000
Beyond the BarsFL · FY2024$300,000
Equity in the Center INCDC · FY2024$294,000
Transgender Law CenterCA · FY2024$289,000
Womens Funding NetworkCA · FY2024$279,000
Emerging Practitioners in PhilanthropyFY2024$279,000
See all 1,612 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$42.5M
Ln 12
Gifts and grantsLn 1h$41.3M
Investment incomeLn 3$635K
Other incomeLn 4–11$564K
Money outPt IX
$54.7M
Ln 25
Programscol B$45.1M
Managementcol C$8.6M
Fundraisingcol D$933K
Owns and owesPt X
$64.1M
net assets · Ln 32
Cash and savingsLn 1–2$57.5M
Total assetsLn 16$78.2M
LiabilitiesLn 26$14.2M
PeoplePt VI, VII
17
listed · VII A
PaidVII A8
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41.3M
Investment incomeLn 3$635K
Other incomeLn 4–11$564K
Gains on assetsLn 7$559K
Total revenueLn 12$42.5M
Assets in detailPt X, end of year
SavingsLn 2$57.5M
Cash and savings togetherLn 1–2$57.5M
Pledges and grants receivableLn 3$20.6M
Prepaid expenses and deferred chargesLn 9$72K
Other assetsLn 15$660
Total assetsLn 16$78.2M
LiabilitiesLn 26$14.2M
Net assetsLn 32$64.1M
OperationsPt I, VI
EmployeesI 536
VolunteersI 611
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$70.0M$57.5M
Total assetsLn 16$86.8M$78.2M
LiabilitiesLn 26$13.7M$14.2M
Net assetsLn 32$73.1M$64.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40.1M$40.1M
Pay of officers and key staff (Part IX, line 5)Ln 5$710K$710K
Other salaries and wagesLn 7$5.7M$2.5M$2.7M$558K
Pension plan contributionsLn 8$224K$97K$105K$22K
Other employee benefitsLn 9$1.1M$451K$558K$102K
Payroll taxesLn 10$497K$193K$260K$43K
Legal feesLn 11b$84K$84K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$3.4M$820K$2.4M$156K
Office expensesLn 13$360K$3K$357K
Information technologyLn 14$477K$477K
OccupancyLn 16$12K$12K
TravelLn 17$1.0M$499K$470K$34K
Conferences, conventions and meetingsLn 19$716K$378K$320K$18K
InsuranceLn 23$39K$39K
Other expenses (24a–d)Ln 24$136K$72K$64K
Total functional expensesLn 25$54.7M$45.1M$8.6M$933K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 3, 2025 $42.5M$54.7M−$12.2M$64.1M 990 PDF
FY2023Filed with the IRS Sep 9, 2024 $39.4M$44.6M−$5.2M$73.1M 990 PDF
FY2022Filed with the IRS Jul 18, 2023 $37.5M$45.6M−$8.1M$77.2M 990 PDF
FY2021Filed with the IRS Oct 5, 2022 $83.9M$39.2M$44.7M$85.0M 990 PDF
FY2020Filed with the IRS Jul 30, 2021 $50.6M$36.4M$14.2M$40.3M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $42,473,306 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $37,316,529$41,274,648
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,050,446$1,193,539
I-11 Other revenuePrior year $0$5,119
I-12 Total revenuePrior year $39,366,975$42,473,306
I-13 Grants and similar amounts paidPrior year $32,822,917$40,129,865
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,109,113$8,260,814
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,628,136$6,261,486
I-18 Total expensesPrior year $44,560,166$54,652,165
I-19 Revenue less expensesPrior year −$5,193,191−$12,178,859
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $42,473,306 across 6 lines filed
VIII-1f All other contributions, gifts and grants$41,274,648
VIII-1h Total contributions, gifts and grants$41,274,648
VIII-3 Investment incomeExcluded from tax $635,023$635,023
VIII-7 Net gain or loss on sales of assetsExcluded from tax $558,516$558,516
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $5,119$5,119
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,198,658$42,473,306
Part IX · Statement of functional expenses $54,652,165 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $40,129,865$40,129,865
IX-5 Pay of officers and key staff (Part IX, line 5)Management $710,397$710,397
IX-7 Other salaries and wagesPrograms $2,474,420 · Management $2,686,529 · Fundraising $558,063$5,719,012
IX-8 Pension plan contributionsPrograms $97,290 · Management $104,905 · Fundraising $21,942$224,137
IX-9 Other employee benefitsPrograms $450,830 · Management $557,984 · Fundraising $101,677$1,110,491
IX-10 Payroll taxesPrograms $193,023 · Management $260,459 · Fundraising $43,295$496,777
IX-11b Legal feesManagement $83,891$83,891
IX-11c Accounting feesManagement $27,885$27,885
IX-11g Other fees for servicesPrograms $820,375 · Management $2,430,763 · Fundraising $156,076$3,407,214
IX-13 Office expensesPrograms $3,176 · Management $356,820$359,996
IX-14 Information technologyManagement $476,856$476,856
IX-16 OccupancyManagement $11,839$11,839
IX-17 TravelPrograms $498,762 · Management $469,765 · Fundraising $33,565$1,002,092
IX-19 Conferences, conventions and meetingsPrograms $378,254 · Management $320,244 · Fundraising $17,952$716,450
IX-23 InsuranceManagement $39,298$39,298
IX-24 Other expenses (24a–d)Programs $71,970 · Management $63,995$135,965
IX-25 Total functional expensesPrograms $45,117,965 · Management $8,601,630 · Fundraising $932,570$54,652,165
Part X · Balance sheet $78,225,705 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $69,965,542$57,537,860
X-3 Pledges and grants receivableStart of year $16,691,330$20,614,693
X-9 Prepaid expenses and deferred chargesStart of year $101,751$72,492
X-15 Other assetsStart of year $660$660
X-16 Total assetsStart of year $86,759,283$78,225,705
X-17 Accounts payable and accrued expensesStart of year $716,447$798,892
X-18 Grants payableStart of year $12,973,000$13,357,000
X-26 Total liabilitiesStart of year $13,689,447$14,155,892
X-27 Net assets without donor restrictionsStart of year $14,197,674$13,605,488
X-28 Net assets with donor restrictionsStart of year $58,872,162$50,464,325
X-32 Total net assets or fund balancesStart of year $73,069,836$64,069,813
X-33 Total liabilities and net assetsStart of year $86,759,283$78,225,705
Part XI · Reconciliation of net assets $64,069,813 net assets at year end
XI-1 Total revenue$42,473,306
XI-2 Total expenses$54,652,165
XI-3 Revenue less expenses−$12,178,859
XI-4 Net assets at start of year$73,069,836
XI-5 Net unrealized gains (losses) on investments$1,778,836
XI-8 Prior period adjustments$1,500,000
XI-9 Other changes in net assets−$100,000
XI-10 Net assets at end of year$64,069,813

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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