Seeds big ideas to shape markets, exploring public options in housing, healthcare, childcare, and food, and convening experts on AI's economic future.
For fiscal year 2024 it reported $14.6M in revenue, $10.2M in expenses, and $11.9M in net assets.Pt I
Where the money goes · FY2024
Total revenue
$14.6M
Pt VIII · Ln 12
Total expenses
$10.2M
Pt IX · Ln 25
Net assets
$11.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.5M
Where spending went · Part IX cols B–D
80%
13%
Program services $0.80 Management & general $0.13 Fundraising $0.06
Program efficiency
80%
of spending reaches programs0% vs prior filing year
Operating runway
6.7mo
months of highly liquid reserves at operating expense rate▲ +97% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ ×102 vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$14.6M
FY2024▲ +31%
$14.6M$7.3M$0
FY2020FY2024
Expenses
$10.2M
FY2024▼ -9%
$11.2M$5.6M$0
FY2020FY2024
Total assets
$13.0M
FY2024▲ +62%
$13.0M$6.5M$0
FY2020FY2024
Total liabilities
$1.1M
FY2024▲ +89%
$1.4M$684K$0
FY2020FY2024
Total revenue
$14.6M
Pt VIII · Ln 12
Total expenses
$10.2M
Pt IX · Ln 25
Net assets
$11.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.5M
Total assetsPt X · Ln 16$13.0M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III
Where the work happens
3 program services account for $5.9M of program spending, described in the organization's own filed words · FY2024.
01
Campaigns
This past year, we helped secure new or expanded child tax credits in states, putting money back in people's pockets. We also championed the successful expansion of irs direct file, a free, public, tax filing option, to save americans billions in filing fees and put cash in their pockets by delivering billions in missed tax credits…
$2.5Mprogram expense
02
Btf Cash
We lead the movement championing guaranteed income to provide basic security for all americans. This includes leading the national coalition, holding the flagship guaranteed income now conference, and undertaking the largest research initiative on direct cash to date.
$1.8Mprogram expense
03
Btf Shaping Markets
We seed big ideas to shape markets to work for people. Our public options for america fund explores accessible and affordable options in markets such as housing, healthcare, and childcare. In the food sector, our work on public grocery stores in illinois inspired local leaders in other states, proving that good ideas can take root and…
Natalie Foster’s $263K as President
is at the 50th percentile of top reported officer pay among 129 $10–100M civil rights & advocacy 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
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.
Individual Natalie Foster · Reported title PRESIDENT · Highest reported compensation $263K · Total expenses $10.2M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.4M · Total expenses $10.2M
54%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
80%
—
—
Overhead ratio
13%
—
—
Fundraising cost ratio
4%
—
—
Revenue growth
31%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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