Battery Foundation FY2021 filing

Tax-deductible

San Francisco, CA501(c)(3)Foundations & GrantmakersEIN 46-5476017

To increase charitable giving by connecting philanthropists to nonprofit organizations and causes that are tackling some of society's toughest challenges.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$289K 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

FY2021 · 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
3 of 5
filings with a surplus
Average deficit $86K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$289K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.5M
+3% vs prior year
Spent
$3.1M
To programs
93%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$3.5M
FY2021▲ +3%
Revenue by fiscal year
FY2020$3.4M
FY2021$3.5M
FY2022$3.8M
FY2023$2.9M
FY2024$2.8M
Expenses
$3.1M
FY2021▼ -25%
Expenses by fiscal year
FY2020$4.1M
FY2021$3.1M
FY2022$3.5M
FY2023$3.4M
FY2024$2.7M
Net assets
$1.2M
FY2021▲ +43%
Net assets by fiscal year
FY2020$813K
FY2021$1.2M
FY2022$1.5M
FY2023$1.0M
FY2024$1.1M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Oct 2014.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $2.9M Management & general 4% · $129K Fundraising 3% · $78K

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

Who runs it and what they're paid

9 people listed on the 990; $289K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$174,647Pt VII · Sec A
Director of Grants & Impact
$114,277Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jill Minkus’s $165K as Dir of Grants & Impact, Interim Ed is at the 69th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Colleen Gregerson—$106,252$198,795$174,647$180,069
Jill Minkus$164,725$165,413$130,783$114,277$120,253
Timothy Wu$148,307————
Nicole Garzino————$127,479

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 Battery 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects philanthropists with impactful nonprofits to increase charitable giving, focusing on overcoming political polarization and accelerating San Francisco's civic and cultural revival.

Provided by the organization

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1 program service account for $2.9M of program spending, described in the organization's own filed words · FY2021.
01

In 2021, the battery foundation covered the topics of public education, climate action and the bay area's future. We made new grant commitments to these three respective areas totaling $2.6 million with 15 nonprofit organizations receiving large grants and 15 nonprofits receiving small grants.

$2.9Mprogram expense

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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
Total grants receivedfrom 1 funder$5K
Grants paid · 152 grants · $13.6M · 2020–2024
La Cocina INCCA · FY2024$250,100
Sf New DealCA · FY2024$250,000
Mediators Foundation INCCO · FY2024$250,000
More in Common INCNY · FY2024$246,202
Civic Space FoundationCA · FY2024$246,193
Free PressMA · FY2024$147,951
Braver Angels INCNY · FY2024$128,855
United for RespectCA · FY2024$10,000
Roxie TheaterCA · FY2024$10,000
One America MovementMD · FY2024$10,000
Oakland Ballet CompanyCA · FY2024$10,000
New PublicCA · FY2024$10,000
Latino Media CollaborativeCA · FY2024$10,000
See all 152 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.4M
Investment incomeLn 3$5K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.9M
Managementcol C$129K
Fundraisingcol D$78K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$21K
Noncash giftsLn 1g$280K
Investment incomeLn 3$5K
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$849K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.3M
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 53
VolunteersI 68
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 FY21End FY21
Cash and savingsLn 1–2$2.3M$2.3M
Total assetsLn 16$2.3M$2.4M
LiabilitiesLn 26$1.5M$1.3M
Net assetsLn 32$813K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.6M$2.6M
Grants and assistance to foreign recipientsLn 3$10K$10K
Pay of current officers, directors and key staffLn 5$193K$123K$30K$40K
Other salaries and wagesLn 7$145K$93K$23K$29K
Pension plan contributionsLn 8$5K$3K$643$1K
Other employee benefitsLn 9$10K$6K$1K$2K
Payroll taxesLn 10$20K$12K$3K$5K
Legal feesLn 11b$150$150
Accounting feesLn 11c$38K$38K
Other fees for servicesLn 11g$950$950
Office expensesLn 13$29K$29K
Conferences, conventions and meetingsLn 19$151$151
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$28K$27K$1K
All other expensesLn 24e$25$25
Total functional expensesLn 25$3.1M$2.9M$129K$78K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.8M$2.7M$139K$1.1M 990 PDF
FY2023 $2.9M$3.4M−$508K$1.0M 990 PDF
FY2022 $3.8M$3.5M$354K$1.5M 990 PDF
FY2021 Viewing $3.5M$3.1M$346K$1.2M 990 PDF
FY2020 $3.4M$4.1M−$763K$813K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $3,450,077 across 6 lines filed
VIII-1e Government grants$21,000
VIII-1f All other contributions, gifts and grants$3,424,233
VIII-1g Noncash contributions (included above)$280,345
VIII-1h Total contributions, gifts and grants$3,445,233
VIII-3 Investment incomeExcluded from tax $4,844$4,844
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,844$3,450,077
Part IX · Statement of functional expenses $3,103,903 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $2,622,630$2,622,630
IX-3 Grants and assistance to foreign recipientsPrograms $10,000$10,000
IX-5 Pay of current officers, directors and key staffPrograms $122,683 · Management $30,192 · Fundraising $40,252$193,127
IX-7 Other salaries and wagesPrograms $93,080 · Management $23,121 · Fundraising $28,780$144,981
IX-8 Pension plan contributionsPrograms $2,755 · Management $643 · Fundraising $1,194$4,592
IX-9 Other employee benefitsPrograms $5,763 · Management $1,345 · Fundraising $2,497$9,605
IX-10 Payroll taxesPrograms $11,994 · Management $2,799 · Fundraising $5,198$19,991
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $38,163$38,163
IX-11g Other fees for servicesPrograms $950$950
IX-13 Office expensesManagement $29,057$29,057
IX-19 Conferences, conventions and meetingsPrograms $151$151
IX-23 InsuranceManagement $2,010$2,010
IX-24 Other expenses (24a–d)Programs $27,440 · Management $1,031$28,471
IX-24e All other expensesPrograms $25$25
IX-25 Total functional expensesPrograms $2,897,471 · Management $128,511 · Fundraising $77,921$3,103,903
Part X · Balance sheet $2,420,883 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $460,739$849,371
X-2 Savings and temporary cash investmentsStart of year $1,815,133$1,419,977
X-3 Pledges and grants receivableStart of year $31,997$141,722
X-9 Prepaid expenses and deferred chargesStart of year $10,245$9,813
X-16 Total assetsStart of year $2,318,114$2,420,883
X-17 Accounts payable and accrued expensesStart of year $21,574$20,144
X-18 Grants payableStart of year $1,483,161$1,241,186
X-26 Total liabilitiesStart of year $1,504,735$1,261,330
X-27 Net assets without donor restrictionsStart of year $752,379$1,080,553
X-28 Net assets with donor restrictionsStart of year $61,000$79,000
X-32 Total net assets or fund balancesStart of year $813,379$1,159,553
X-33 Total liabilities and net assetsStart of year $2,318,114$2,420,883
Part XI · Reconciliation of net assets $1,159,553 net assets at year end
XI-1 Total revenue$3,450,077
XI-2 Total expenses$3,103,903
XI-3 Revenue less expenses$346,174
XI-4 Net assets at start of year$813,379
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,159,553

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

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