Thousand Currents: FY2020 Nonprofit Profile & Form 990 (EIN 77-0071852)

Solome Lemma’s $268K as President & CEO is at the 52nd percentile of top reported officer pay among 345 $10–100M international 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Solome Lemma	$267,780	$191,182	$169,120	$162,552	$143,072	$128,761
Katherine Zavala	$250,930	$147,880	—	—	—	—
Cindy Clark	$187,938	—	—	—	—	—
Zanele Sibanda	$187,938	—	—	—	—	—
Rajiv Khanna	$187,597	$152,522	—	—	—	—
Jenesha De Rivera	$180,121	$141,127	$129,189	$114,864	$108,662	$94,631
Kailee Scales	—	—	—	—	—	$170,000
Cindy Del Rosario Tappan	$141,389	$128,195	—	—	—	—

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

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1 program · $9.3M · in their own filed words · FY2019

01

See schedule oover the past 35 years of grantmaking, thousand currents has invested in over 1,000 community-led initiatives in 40 countries. Today, we are exchanging grassroots brilliance for lasting and transformative change, reaching over 200 million women, small farmers, indigenous peoples, urban and peri-urban residents, and youth…

$9.3Mprogram 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

Amalgamated Charitable Foundation INCFY2024$2.8M

Novo FoundationFY2024$750K

Moccasin Lake FoundationFY2024$500K

Humanity UnitedFY2024$340K

Tides FoundationFY2024$275K

Foundation for a Just SocietyFY2024$275K

Marin Community FoundationFY2024$260K

The Chicago Community TrustFY2024$250K

Total grants receivedfrom 41 funders$7.5M

See all 41 funders →

Grants paid · 45 grants · $98.2M · 2019–2024

Peace Development Fund INCMA · FY2024$4,000,000

Impact Assets INCMD · FY2024$1,200,000

Global Greengrants Fund INCCO · FY2024$700,000

Urgent Action Fund for Feminist ActivismCA · FY2024$700,000

Destiny Bridge BuildersTX · FY2024$80,000

Social Good Fund INCCA · FY2024$30,000

Unitemized GrantFY2024$15,000

Inquiring Systems INCCA · FY2024$10,000

Global Greengrants Fund INCCO · FY2023$1,975,000

Grassroots International INCMA · FY2023$1,925,000

Urgent Action Fund for Feminist ActivismCA · FY2023$1,900,000

Global Fund for Women INCCA · FY2023$200,000

Unitemized GrantFY2023$15,000

Social Good Fund INCCA · FY2023$15,000

US Right to KnowCA · FY2023$7,000

Urgent Action Fund for Feminist ActivismCA · FY2022$2,900,000

Grassroots International INCMA · FY2022$2,900,000

Global Greengrants Fund INCCO · FY2022$2,900,000

See all 45 grants →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$86.9M

Ln 12

Gifts and grantsLn 1h$86.7M

Fees for servicesLn 2g$125K

Investment incomeLn 3$108K

Money outPt IX

$10.8M

Ln 25

Programscol B$9.3M

Managementcol C$797K

Fundraisingcol D$678K

Owns and owesPt X

$82.4M

net assets · Ln 32

Cash and savingsLn 1–2$65.0M

Total assetsLn 16$83.1M

LiabilitiesLn 26$723K

PeoplePt VI, VII

12

listed · VII A

PaidVII A3

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$86.7M

Government grantsLn 1e$10K

Noncash giftsLn 1g$293K

Fees for servicesLn 2g$125K

Investment incomeLn 3$108K

Other incomeLn 4–11$1K

Gains on assetsLn 7$41K

Total revenueLn 12$86.9M

Assets in detailPt X, end of year

CashLn 1$64.7M

SavingsLn 2$319K

Cash and savings togetherLn 1–2$65.0M

InvestmentsLn 11–13$2.2M

Land, buildings, equipmentLn 10c$4K

Other assetsLn 15$6K

Total assetsLn 16$83.1M

LiabilitiesLn 26$723K

Net assetsLn 32$82.4M

OperationsPt I, VI

EmployeesI 531

VolunteersI 68

Fiscal year endsHeaderJune

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$4.0M	$65.0M
InvestmentsLn 11–13	$2.1M	$2.2M
Land, buildings, equipmentLn 10c	$4K	$4K
Total assetsLn 16	$6.5M	$83.1M
LiabilitiesLn 26	$249K	$723K
Net assetsLn 32	$6.3M	$82.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.1M	$1.1M
Grants and assistance to foreign recipientsLn 3	$2.1M	$2.1M
Pay of current officers, directors and key staffLn 5	$254K	$254K
Other salaries and wagesLn 7	$1.4M	$744K	$353K	$347K
Other employee benefitsLn 9	$298K	$173K	$63K	$61K
Payroll taxesLn 10	$132K	$80K	$27K	$24K
Legal feesLn 11b	$68K	$61K	$5K	$2K
Accounting feesLn 11c	$103K	$24K	$78K
Investment management feesLn 11f	$19K		$19K
Other fees for servicesLn 11g	$1.9M	$1.7M	$63K	$115K
Office expensesLn 13	$118K	$92K	$13K	$13K
Information technologyLn 14	$48K	$29K	$11K	$8K
OccupancyLn 16	$102K	$65K	$20K	$17K
TravelLn 17	$314K	$191K	$72K	$50K
Conferences, conventions and meetingsLn 19	$164K	$88K	$57K	$19K
Depreciation, depletion and amortizationLn 22	$724	$403	$169	$152
InsuranceLn 23	$31K	$25K	$4K	$2K
Other expenses (24a–d)Ln 24	$2.6M	$2.6M	$10K	$18K
Total functional expensesLn 25	$10.8M	$9.3M	$797K	$678K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$20.0M	$54.5M	−$34.5M	$27.1M	990 PDF
FY2024	$63.6M	$30.8M	$32.8M	$61.2M	990 PDF
FY2023	$23.8M	$23.9M	−$93K	$28.2M	990 PDF
FY2022	$25.2M	$13.7M	$11.5M	$28.1M	990 PDF
FY2021	$15.2M	$80.5M	−$65.3M	$17.2M	990 PDF
FY2020 Viewing	$86.9M	$10.8M	$76.1M	$82.4M	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 F · Foreign M · Noncash J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $86,898,035 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,505,494$86,663,226

I-9 Program service revenuePrior year $70,560$124,943

I-10 Investment incomePrior year $50,154$108,402

I-11 Other revenuePrior year $9,977$1,464

I-12 Total revenuePrior year $6,636,185$86,898,035

I-13 Grants and similar amounts paidPrior year $1,293,313$3,194,504

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $1,939,750$2,128,042

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $2,693,603$5,496,559

I-18 Total expensesPrior year $5,926,666$10,819,105

I-19 Revenue less expensesPrior year $709,519$76,078,930

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 $86,898,035 across 9 lines filed

VIII-1e Government grants$10,000

VIII-1f All other contributions, gifts and grants$86,653,226

VIII-1g Noncash contributions (included above)$292,879

VIII-1h Total contributions, gifts and grants$86,663,226

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $124,943$124,943

VIII-3 Investment incomeExcluded from tax $67,335$67,335

VIII-7 Net gain or loss on sales of assetsExcluded from tax $41,067$41,067

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,464$1,464

VIII-12 Total revenueRelated to mission $124,943 · Unrelated business $0 · Excluded from tax $109,866$86,898,035

Part IX · Statement of functional expenses $10,819,105 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $1,141,300$1,141,300

IX-3 Grants and assistance to foreign recipientsPrograms $2,053,204$2,053,204

IX-5 Pay of current officers, directors and key staffPrograms $253,881$253,881

IX-7 Other salaries and wagesPrograms $743,600 · Management $353,448 · Fundraising $347,235$1,444,283

IX-9 Other employee benefitsPrograms $173,434 · Management $63,480 · Fundraising $61,382$298,296

IX-10 Payroll taxesPrograms $79,995 · Management $27,180 · Fundraising $24,407$131,582

IX-11b Legal feesPrograms $60,558 · Management $5,248 · Fundraising $1,981$67,787

IX-11c Accounting feesPrograms $24,375 · Management $78,248$102,623

IX-11f Investment management feesManagement $18,832$18,832

IX-11g Other fees for servicesPrograms $1,721,416 · Management $62,632 · Fundraising $115,246$1,899,294

IX-13 Office expensesPrograms $91,532 · Management $13,478 · Fundraising $12,802$117,812

IX-14 Information technologyPrograms $29,041 · Management $10,924 · Fundraising $8,472$48,437

IX-16 OccupancyPrograms $65,482 · Management $19,832 · Fundraising $16,978$102,292

IX-17 TravelPrograms $190,887 · Management $72,422 · Fundraising $50,209$313,518

IX-19 Conferences, conventions and meetingsPrograms $88,409 · Management $57,067 · Fundraising $18,794$164,270

IX-22 Depreciation, depletion and amortizationPrograms $403 · Management $169 · Fundraising $152$724

IX-23 InsurancePrograms $25,041 · Management $4,306 · Fundraising $2,146$31,493

IX-24 Other expenses (24a–d)Programs $2,601,284 · Management $9,854 · Fundraising $18,339$2,629,477

IX-25 Total functional expensesPrograms $9,343,842 · Management $797,120 · Fundraising $678,143$10,819,105

Part X · Balance sheet $83,111,013 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $3,946,043$64,667,106

X-2 Savings and temporary cash investmentsStart of year $64,120$318,623

X-3 Pledges and grants receivableStart of year $378,287$15,873,325

X-4 Accounts receivableStart of year $4,645$0

X-9 Prepaid expenses and deferred chargesStart of year $54,587$25,277

X-10c Land, buildings and equipment, netStart of year $4,341$3,617

X-11 Publicly traded securitiesStart of year $2,070,005$2,216,765

X-15 Other assetsStart of year $6,300$6,300

X-16 Total assetsStart of year $6,528,328$83,111,013

X-17 Accounts payable and accrued expensesStart of year $207,388$287,918

X-18 Grants payableStart of year $41,725$29,338

X-19 Deferred revenue$97,500

X-25 Other liabilitiesStart of year $0$308,300

X-26 Total liabilitiesStart of year $249,113$723,056

X-27 Net assets without donor restrictionsStart of year $2,402,381$3,174,822

X-28 Net assets with donor restrictionsStart of year $3,876,834$79,213,135

X-32 Total net assets or fund balancesStart of year $6,279,215$82,387,957

X-33 Total liabilities and net assetsStart of year $6,528,328$83,111,013

Part XI · Reconciliation of net assets $82,387,957 net assets at year end

XI-1 Total revenue$86,898,035

XI-2 Total expenses$10,819,105

XI-3 Revenue less expenses$76,078,930

XI-4 Net assets at start of year$6,279,215

XI-5 Net unrealized gains (losses) on investments$29,812

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$82,387,957

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

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Thousand Currents FY2020 filing

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