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.
92¢ of each $1 spent went to programs.
$1.0M 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

FY2022 · 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
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
19 mo
of spending, in cash
Looks good: 18.9 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
$11.4M
13% of total assets
Looks good: liabilities are 13% 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
$37.5M
-55% vs prior year
Spent
$45.6M
To programs
92%
Net assets
$77.2M
By yearFY2020–FY2024
Revenue
$37.5M
FY2022▼ -55%
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
$45.6M
FY2022▲ +16%
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
$77.2M
FY2022▼ -9%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

92 cents of each dollar spent went to programs.

Program services 92% · $41.9M Management & general 7% · $3.3M Fundraising 1% · $412K

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

15 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
$208,273Pt VII · Sec A
Director of Programs
$173,742Pt VII · Sec A
Director of Development
$173,442Pt VII · Sec A
Director of Operations
$171,194Pt VII · Sec A
Program Fund Director
$150,831Pt VII · Sec A
Program Fund Director
$143,546Pt VII · Sec A
Director of Finance (started 10/22)
$28,765Pt VII · Sec A
Secretary
$0Pt 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.

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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

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

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Provided by the organization

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3 programs · $20.5M · in their own filed words · FY2022
01

The black-led movement fund supports the movement for black lives (M4BL) and other politically aligned organizations 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.

$8.7Mprogram expense
02

The racial equity in journalism fund invests in news organizations led by and for people of color. The fund bolsters a strong, diverse, and independent media sector that increases civic engagement for communities of color by reaching them with vital, relevant INFORMATION.2022 HIGHLIGHTS:$5.3M in GRANTS44 poc-led and serving news…

$6.1Mprogram 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.2022…

$5.7Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$37.5M
Ln 12
Gifts and grantsLn 1h$37.2M
Investment incomeLn 3$355K
Money outPt IX
$45.6M
Ln 25
Programscol B$41.9M
Managementcol C$3.3M
Fundraisingcol D$412K
Owns and owesPt X
$77.2M
net assets · Ln 32
Cash and savingsLn 1–2$71.8M
Total assetsLn 16$88.6M
LiabilitiesLn 26$11.4M
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37.2M
Investment incomeLn 3$355K
Total revenueLn 12$37.5M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$70.5M
Cash and savings togetherLn 1–2$71.8M
Other assetsLn 15$660
Total assetsLn 16$88.6M
LiabilitiesLn 26$11.4M
Net assetsLn 32$77.2M
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 FY22End FY22
Cash and savingsLn 1–2$74.4M$71.8M
Total assetsLn 16$93.1M$88.6M
LiabilitiesLn 26$8.1M$11.4M
Net assetsLn 32$85.0M$77.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36.9M$36.9M
Pay of current officers, directors and key staffLn 5$261K$226K$34K
Other salaries and wagesLn 7$4.4M$2.7M$1.4M$288K
Pension plan contributionsLn 8$165K$103K$51K$11K
Other employee benefitsLn 9$442K$274K$140K$28K
Payroll taxesLn 10$332K$208K$104K$21K
Management feesLn 11a$1.9M$1.2M$642K$56K
Legal feesLn 11b$618$618
Accounting feesLn 11c$18K$18K
Advertising and promotionLn 12$225$225
Office expensesLn 13$363K$6K$358K
Information technologyLn 14$299K$9K$285K$5K
OccupancyLn 16$8K$8K
TravelLn 17$160K$123K$34K$2K
Conferences, conventions and meetingsLn 19$309K$232K$76K$1K
InsuranceLn 23$44K$44K
Other expenses (24a–d)Ln 24$49K$49K
Total functional expensesLn 25$45.6M$41.9M$3.3M$412K

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 Viewing $37.5M$45.6M−$8.1M$77.2M 990 PDF
FY2021 $83.9M$39.2M$44.7M$85.0M 990 PDF
FY2020 $50.6M$36.4M$14.2M$40.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $37,532,996 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,842,368$37,178,189
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $17,821$354,807
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $83,860,189$37,532,996
I-13 Grants and similar amounts paidPrior year $33,089,751$36,864,079
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,835,971$5,595,974
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,256,429$3,130,805
I-18 Total expensesPrior year $39,182,151$45,590,858
I-19 Revenue less expensesPrior year $44,678,038−$8,057,862
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 $37,532,996 across 4 lines filed
VIII-1f All other contributions, gifts and grants$37,178,189
VIII-1h Total contributions, gifts and grants$37,178,189
VIII-3 Investment incomeExcluded from tax $354,807$354,807
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $354,807$37,532,996
Part IX · Statement of functional expenses $45,590,858 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $36,864,079$36,864,079
IX-5 Pay of current officers, directors and key staffPrograms $226,392 · Management $34,113$260,505
IX-7 Other salaries and wagesPrograms $2,691,650 · Management $1,417,201 · Fundraising $287,918$4,396,769
IX-8 Pension plan contributionsPrograms $102,667 · Management $50,978 · Fundraising $11,002$164,647
IX-9 Other employee benefitsPrograms $273,624 · Management $140,336 · Fundraising $28,156$442,116
IX-10 Payroll taxesPrograms $207,732 · Management $103,580 · Fundraising $20,625$331,937
IX-11a Management feesPrograms $1,183,197 · Management $641,788 · Fundraising $55,621$1,880,606
IX-11b Legal feesManagement $618$618
IX-11c Accounting feesManagement $17,508$17,508
IX-12 Advertising and promotionManagement $225$225
IX-13 Office expensesPrograms $5,756 · Management $357,575$363,331
IX-14 Information technologyPrograms $8,833 · Management $284,920 · Fundraising $4,807$298,560
IX-16 OccupancyManagement $7,973$7,973
IX-17 TravelPrograms $123,384 · Management $34,155 · Fundraising $2,288$159,827
IX-19 Conferences, conventions and meetingsPrograms $231,642 · Management $75,808 · Fundraising $1,495$308,945
IX-23 InsuranceManagement $43,942$43,942
IX-24 Other expenses (24a–d)Management $49,270$49,270
IX-25 Total functional expensesPrograms $41,918,956 · Management $3,259,990 · Fundraising $411,912$45,590,858
Part X · Balance sheet $88,580,581 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $687,242$1,286,829
X-2 Savings and temporary cash investmentsStart of year $73,734,920$70,479,500
X-3 Pledges and grants receivableStart of year $18,606,512$16,730,220
X-9 Prepaid expenses and deferred chargesStart of year $92,635$83,372
X-15 Other assetsStart of year $660$660
X-16 Total assetsStart of year $93,121,969$88,580,581
X-17 Accounts payable and accrued expensesStart of year $463,156$621,375
X-18 Grants payableStart of year $7,653,640$10,788,425
X-26 Total liabilitiesStart of year $8,116,796$11,409,800
X-27 Net assets without donor restrictionsStart of year $13,171,711$13,250,584
X-28 Net assets with donor restrictionsStart of year $71,833,462$63,920,197
X-32 Total net assets or fund balancesStart of year $85,005,173$77,170,781
X-33 Total liabilities and net assetsStart of year $93,121,969$88,580,581
Part XI · Reconciliation of net assets $77,170,781 net assets at year end
XI-1 Total revenue$37,532,996
XI-2 Total expenses$45,590,858
XI-3 Revenue less expenses−$8,057,862
XI-4 Net assets at start of year$85,005,173
XI-5 Net unrealized gains (losses) on investments$223,470
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$77,170,781

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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