Our mission is to co-create a new economy where black, indigenous, people of color, and historically low-income communities have the power of self-determination.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$691K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
4 of 5
filings with a surplus
Average surplus $7.2M a year · 27% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$691K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
72
named funders · $27.7M
Looks good: 72 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$154K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.2M
×16 vs prior year
Spent
$4.2M
To programs
83%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$6.2M
FY2021▲ ×16
Tap a bar for its year
Revenue by fiscal year
FY2020$380K
FY2021$6.2M
FY2022$46.7M
FY2023$25.0M
FY2024$54.0M
Expenses
$4.2M
FY2021▲ ×28
Tap a bar for its year
Expenses by fiscal year
FY2020$149K
FY2021$4.2M
FY2022$20.9M
FY2023$33.8M
FY2024$37.0M
Net assets
$2.2M
FY2021▲ +841%
Tap a bar for its year
Net assets by fiscal year
FY2020$231K
FY2021$2.2M
FY2022$28.0M
FY2023$17.2M
FY2024$34.2M

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 Jan 2021.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $3.5M Management & general 10% · $428K Fundraising 7% · $280K

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

7 people listed on the 990; $691K paid to officers and key staff.

Part VII, Section A · reportable compensation
$189,061Pt VII · Sec A
Co-CEO
$187,914Pt VII · Sec A
VP of People Opns
$147,284Pt VII · Sec A
VP of Partnerships
$127,811Pt VII · Sec A
Chief of Staff
$39,247Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jillian Smith’s $155K as Senior Director of Operations is at the 22nd percentile of top reported officer pay among 3122 $10–100M human services 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
Vanessa Huang——$236,643$127,811—
Keiko Murase—$133,125$229,266$189,061$11,538
Lem White—$146,945$227,921$187,914—
Deborah Nelson$108,524$186,223$187,947——
Jaimee Estreller—$149,900$178,007——
Jillian Smith$154,952$174,945———
Yumari Martinez$125,836$157,213———
Christina Beck—$157,012———

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

Provides back-office operations, fiscal sponsorship, and donor-advised fund services to empower BIPOC and low-income communities in building a self-determined, equitable economy.

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Provided by the organization

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2 programs · $3.5M · in their own filed words · FY2021
01

Under the organization's fiscal sponsor program, the organization hosts individual projects which are value-aligned with the mission of the organization as fiscally-sponsored projects, and supports them by implementing the project's charitable and educational programs, including providing administrative services, including accounting…

$3.0Mprogram expense
02

In addition to the fiscal sponsor program, the organization expanded the scope of its programs to include donor advised funds (daf) in 2021. The daf program is designed to deploy integrated capital and multi-year grants and investments to community innovators, social entrepreneurs, and donors, and to impact investors in the catalytic…

$583Kprogram 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 72 funders →
Grants paid · 706 grants · $92.7M · 2021–2024
Bridge for BillionsFY2024$1,845,011
Rural Prosperity CenterCA · FY2024$1,000,000
Visible HandsPA · FY2024$967,750
Enterprise Capital InstituteFY2024$869,440
Tides CenterCA · FY2024$730,000
Native MovementAK · FY2024$720,000
Urban TilthCA · FY2024$675,000
Radiant StrategiesFY2024$632,949
The Translatin CoalitionCA · FY2024$500,000
The GuildFY2024$429,600
Uniov INCGA · FY2024$400,500
Individual RecipientFY2024$375,493
Taller Salud INCPR · FY2024$350,000
See all 706 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.2M
Ln 12
Gifts and grantsLn 1h$6.0M
Fees for servicesLn 2g$200K
Other incomeLn 4–11$13K
Money outPt IX
$4.2M
Ln 25
Programscol B$3.5M
Managementcol C$428K
Fundraisingcol D$280K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$2.3M
LiabilitiesLn 26$154K
PeoplePt VI, VII
7
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.0M
Fees for servicesLn 2g$200K
Investment incomeLn 3$3K
Other incomeLn 4–11$13K
Gains on assetsLn 7$3K
Total revenueLn 12$6.2M
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
Other assetsLn 15$17K
Total assetsLn 16$2.3M
LiabilitiesLn 26$154K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 517
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$258K$2.3M
Total assetsLn 16$262K$2.3M
LiabilitiesLn 26$31K$154K
Net assetsLn 32$231K$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$412K$308K$62K$41K
Other salaries and wagesLn 7$887K$618K$128K$141K
Other employee benefitsLn 9$116K$78K$19K$19K
Payroll taxesLn 10$100K$72K$14K$14K
Management feesLn 11a$65K$54K$5K$5K
Legal feesLn 11b$221K$199K$22K
Accounting feesLn 11c$93K$38K$55K
Other fees for servicesLn 11g$376K$264K$63K$49K
Office expensesLn 13$112K$91K$16K$5K
Information technologyLn 14$155K$142K$13K
OccupancyLn 16$62K$60K$680$1K
TravelLn 17$40K$28K$10K$2K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$38K$17K$19K$3K
Total functional expensesLn 25$4.2M$3.5M$428K$280K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $54.0M$37.0M$17.0M$34.2M 990 PDF
FY2023 $25.0M$33.8M−$8.8M$17.2M 990 PDF
FY2022 $46.7M$20.9M$25.8M$28.0M 990 PDF
FY2021 Viewing $6.2M$4.2M$1.9M$2.2M 990 PDF
FY2020 $380K$149K$231K$231K 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 FY2021 990 (6 parts)
Part I · Summary $6,183,574 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $380,000$5,966,708
I-9 Program service revenuePrior year $0$200,255
I-10 Investment incomePrior year $0$3,214
I-11 Other revenuePrior year $0$13,397
I-12 Total revenuePrior year $380,000$6,183,574
I-13 Grants and similar amounts paidPrior year $0$1,557,100
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $90,574$1,514,335
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $58,502$1,170,368
I-18 Total expensesPrior year $149,076$4,241,803
I-19 Revenue less expensesPrior year $230,924$1,941,771
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,183,574 across 7 lines filed
Lines not itemized here account for $12,616 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,966,708
VIII-1h Total contributions, gifts and grants$5,966,708
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $200,255$200,255
VIII-3 Investment incomeExcluded from tax $49$49
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,165$3,165
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $781$781
VIII-12 Total revenueRelated to mission $201,036 · Unrelated business $0 · Excluded from tax $15,830$6,183,574
Part IX · Statement of functional expenses $4,241,803 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $1,557,100$1,557,100
IX-5 Pay of current officers, directors and key staffPrograms $307,954 · Management $62,471 · Fundraising $41,158$411,583
IX-7 Other salaries and wagesPrograms $617,882 · Management $127,970 · Fundraising $140,793$886,645
IX-9 Other employee benefitsPrograms $77,845 · Management $19,410 · Fundraising $18,510$115,765
IX-10 Payroll taxesPrograms $71,930 · Management $14,274 · Fundraising $14,138$100,342
IX-11a Management feesPrograms $54,497 · Management $5,495 · Fundraising $5,328$65,320
IX-11b Legal feesPrograms $198,894 · Management $21,819$220,713
IX-11c Accounting feesPrograms $37,610 · Management $55,410$93,020
IX-11g Other fees for servicesPrograms $263,644 · Management $63,207 · Fundraising $49,306$376,157
IX-13 Office expensesPrograms $91,419 · Management $16,032 · Fundraising $4,846$112,297
IX-14 Information technologyPrograms $142,028 · Management $12,930$154,958
IX-16 OccupancyPrograms $60,276 · Management $680 · Fundraising $1,058$62,014
IX-17 TravelPrograms $28,472 · Management $9,827 · Fundraising $1,822$40,121
IX-23 InsurancePrograms $7,305$7,305
IX-24 Other expenses (24a–d)Programs $16,538 · Management $18,534 · Fundraising $3,391$38,463
IX-25 Total functional expensesPrograms $3,533,394 · Management $428,059 · Fundraising $280,350$4,241,803
Part X · Balance sheet $2,326,557 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $258,202$2,265,505
X-3 Pledges and grants receivable$43,750
X-15 Other assetsStart of year $3,604$17,302
X-16 Total assetsStart of year $261,806$2,326,557
X-17 Accounts payable and accrued expensesStart of year $9,200$153,862
X-25 Other liabilitiesStart of year $21,682$0
X-26 Total liabilitiesStart of year $30,882$153,862
X-27 Net assets without donor restrictionsStart of year $230,924$803,248
X-28 Net assets with donor restrictions$1,369,447
X-32 Total net assets or fund balancesStart of year $230,924$2,172,695
X-33 Total liabilities and net assetsStart of year $261,806$2,326,557
Part XI · Reconciliation of net assets $2,172,695 net assets at year end
XI-1 Total revenue$6,183,574
XI-2 Total expenses$4,241,803
XI-3 Revenue less expenses$1,941,771
XI-4 Net assets at start of year$230,924
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,172,695

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

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