Borealis Philanthropy FY2020 filing

Tax-deductible

Minneapolis, MN501(c)(3)Since 2013Arts & CultureEIN 46-4598642Revenue $50.6M in FY2020

On file with the IRSborealisphilathropy.org126 3rd St N Ste 500, 55401-1653 · Minneapolis, MNTax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

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.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
35
named funders · $28.4M
Looks good: 35 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.4M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50.6M
Spent
$36.4M
To programs
91%
Net assets
$40.3M
By yearFY2020–FY2024
Revenue
$50.6M
FY2020
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
$36.4M
FY2020
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
$40.3M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

91 cents of each dollar spent went to programs.

Program services 91% · $33.0M Management & general 9% · $3.2M Fundraising 1% · $212K

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

Something off? Claim to fix it

Who runs it and what they're paid

18 people listed on the 990; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President of Operations and Finance
$211,981Pt VII · Sec A
VP of Programs and Strategy
$200,043Pt VII · Sec A
Director of Impact & Learn
$159,911Pt VII · Sec A
Director of Racial Equity
$156,575Pt VII · Sec A
$155,601Pt VII · Sec A
Director of Criminal Justi
$147,647Pt VII · Sec A
Program Officer
$143,612Pt VII · Sec A
Director of Finance
$135,647Pt 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 →

On this list? Claim this org

Something off? Claim to fix it

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

Tap to ask. Borealis Philanthropy sees how many people are interested.

Your first name shows with your question. Borealis Philanthropy answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $13.7M · in their own filed words · FY2020
01

The black-led movement fund supports the movement for black lives (M4BL) so that it can better shape policy agendas for black communities, create alternatives to institutions that have been harmful to black people, and build local black community POWER.2020 HIGHLIGHTS:$589,000 in rapid response funding 600% increase in grantmaking from…

$7.5Mprogram expense
02

The spark justice fund resources grassroots organizing groups that are ending money bail and unjust pretrial detention POLICIES.2020 HIGHLIGHTS:$667,500 in rapid response FUNDING36 grantees

$3.2Mprogram expense
03

The communities transforming policing fund resources local communities impacted by deadly and discriminatory policing practices to build power, increase police accountability and transparency, and redefine safety by advocating for investment in community-based programs and services as alternatives to police, jails, and PRISONS.2020…

$3.0Mprogram 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 · 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$50.6M
Ln 12
Gifts and grantsLn 1h$50.4M
Investment incomeLn 3$138K
Other incomeLn 4–11$57K
Money outPt IX
$36.4M
Ln 25
Programscol B$33.0M
Managementcol C$3.2M
Fundraisingcol D$212K
Owns and owesPt X
$40.3M
net assets · Ln 32
Cash and savingsLn 1–2$30.8M
Total assetsLn 16$46.7M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
18
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50.4M
Investment incomeLn 3$138K
Other incomeLn 4–11$57K
Total revenueLn 12$50.6M
Assets in detailPt X, end of year
CashLn 1$825K
SavingsLn 2$30.0M
Cash and savings togetherLn 1–2$30.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$660
Total assetsLn 16$46.7M
LiabilitiesLn 26$6.4M
Net assetsLn 32$40.3M
OperationsPt I, VI
EmployeesI 536
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$18.2M$30.8M
Land, buildings, equipmentLn 10c$4K$0
Total assetsLn 16$33.4M$46.7M
LiabilitiesLn 26$7.3M$6.4M
Net assetsLn 32$26.1M$40.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$29.9M$29.9M
Pay of current officers, directors and key staffLn 5$1.6M$662K$881K$43K
Other salaries and wagesLn 7$2.0M$1.2M$664K$99K
Pension plan contributionsLn 8$65K$36K$25K$4K
Other employee benefitsLn 9$476K$251K$202K$22K
Payroll taxesLn 10$256K$140K$106K$11K
Management feesLn 11a$1.3M$621K$666K$2K
Legal feesLn 11b$100K$100K
Accounting feesLn 11c$15K$15K
Office expensesLn 13$143K$3K$140K
Information technologyLn 14$241K$3K$233K$5K
OccupancyLn 16$52K$52K
TravelLn 17$86K$49K$37K
Conferences, conventions and meetingsLn 19$150K$116K$33K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$46K$150$19K$26K
Total functional expensesLn 25$36.4M$33.0M$3.2M$212K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $42.5M$54.7M−$12.2M$64.1M 990 PDF
FY2023 $39.4M$44.6M−$5.2M$73.1M 990 PDF
FY2022 $37.5M$45.6M−$8.1M$77.2M 990 PDF
FY2021 $83.9M$39.2M$44.7M$85.0M 990 PDF
FY2020 Viewing $50.6M$36.4M$14.2M$40.3M 990 PDF

More to add? Claim this org

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 FY2020 990 (6 parts)
Part I · Summary $50,610,882 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,927,912$50,415,558
I-9 Program service revenuePrior year $62,707$0
I-10 Investment incomePrior year $203,848$138,157
I-11 Other revenuePrior year $0$57,167
I-12 Total revenuePrior year $26,194,467$50,610,882
I-13 Grants and similar amounts paidPrior year $13,686,805$29,923,469
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,122,756$4,355,060
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,593,521$2,132,695
I-18 Total expensesPrior year $18,403,082$36,411,224
I-19 Revenue less expensesPrior year $7,791,385$14,199,658
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $50,610,882 across 5 lines filed
VIII-1f All other contributions, gifts and grants$50,415,558
VIII-1h Total contributions, gifts and grants$50,415,558
VIII-3 Investment incomeExcluded from tax $138,157$138,157
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $57,167$57,167
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $195,324$50,610,882
Part IX · Statement of functional expenses $36,411,224 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $29,923,469$29,923,469
IX-5 Pay of current officers, directors and key staffPrograms $662,421 · Management $881,458 · Fundraising $42,541$1,586,420
IX-7 Other salaries and wagesPrograms $1,207,910 · Management $664,091 · Fundraising $99,253$1,971,254
IX-8 Pension plan contributionsPrograms $36,369 · Management $25,417 · Fundraising $3,540$65,326
IX-9 Other employee benefitsPrograms $251,298 · Management $202,257 · Fundraising $22,014$475,569
IX-10 Payroll taxesPrograms $139,839 · Management $105,808 · Fundraising $10,844$256,491
IX-11a Management feesPrograms $621,374 · Management $665,806 · Fundraising $1,999$1,289,179
IX-11b Legal feesManagement $99,840$99,840
IX-11c Accounting feesManagement $15,081$15,081
IX-13 Office expensesPrograms $2,922 · Management $140,391$143,313
IX-14 Information technologyPrograms $3,135 · Management $232,589 · Fundraising $5,499$241,223
IX-16 OccupancyManagement $52,294$52,294
IX-17 TravelPrograms $48,866 · Management $37,426$86,292
IX-19 Conferences, conventions and meetingsPrograms $116,351 · Management $33,487$149,838
IX-23 InsuranceManagement $10,106$10,106
IX-24 Other expenses (24a–d)Programs $150 · Management $19,148 · Fundraising $26,231$45,529
IX-25 Total functional expensesPrograms $33,014,104 · Management $3,185,199 · Fundraising $211,921$36,411,224
Part X · Balance sheet $46,728,380 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $750,222$824,969
X-2 Savings and temporary cash investmentsStart of year $17,473,437$29,957,085
X-3 Pledges and grants receivableStart of year $15,132,501$15,884,136
X-9 Prepaid expenses and deferred chargesStart of year $63,535$61,530
X-10c Land, buildings and equipment, netStart of year $3,748$0
X-15 Other assetsStart of year $9,070$660
X-16 Total assetsStart of year $33,432,513$46,728,380
X-17 Accounts payable and accrued expensesStart of year $348,205$463,335
X-18 Grants payableStart of year $6,970,101$5,948,440
X-26 Total liabilitiesStart of year $7,318,306$6,411,775
X-27 Net assets without donor restrictionsStart of year $2,879,838$2,942,150
X-28 Net assets with donor restrictionsStart of year $23,234,369$37,374,455
X-32 Total net assets or fund balancesStart of year $26,114,207$40,316,605
X-33 Total liabilities and net assetsStart of year $33,432,513$46,728,380
Part XI · Reconciliation of net assets $40,316,605 net assets at year end
XI-1 Total revenue$50,610,882
XI-2 Total expenses$36,411,224
XI-3 Revenue less expenses$14,199,658
XI-4 Net assets at start of year$26,114,207
XI-5 Net unrealized gains (losses) on investments$2,740
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,316,605

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.