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Evolve Foundation International FY2021 filing

Not tax-deductible

San Rafael, CA501(c)(4)Human Services EIN 86-1954947Revenue $6.3M in FY2021

On file with the IRSevolvevf.com1040 Court St, 94901-2980 · San Rafael, CATax-exempt since Aug 2021

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To promote and contribute to evolving human consciousness and awakening of true nature in human form.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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 4
filings with a surplus
Average surplus $3.7M a year · 95% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Plus $6.3M in investments, Pt X · Ln 11–13
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
Spent
$384K
To programs
98%
Net assets
$6.4M
By yearFY2021–FY2024
Revenue
$6.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$6.3M
FY2022$9.4M
FY2023−$390K
FY2024$47K
Expenses
$384K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$384K
FY2022$203K
FY2023$113K
FY2024$4K
Net assets
$6.4M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$6.4M
FY2022$13.3M
FY2023$13.9M
FY2024$14.8M

From the FY2021 Form 990 · 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 Aug 2021.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $375K Management & general 2% · $9K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Bo Shao
Chairman
$0Pt VII · Sec A
Oleg Gorelik
Treasurer/Secretary/Vice Chairman
$0Pt VII · Sec A
Jenny Pao
Director
$0Pt VII · Sec A
See Evolve Foundation International 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps people awaken their true nature and evolve consciousness.

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Provided by the organization

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3 programs · $375K · in their own filed words · FY2021
01

Investing in tools AND/OR programs that allow people to access deeper levels of love, joy, peace, and freedom.

$200Kprogram expense
02

Promoting a system that enables business to deliver goods and services to economically disadvantaged individuals at prices below what they charge to the general public.

$100Kprogram expense
03

Build a scalable platform for widespread sharing of digital information to empower communities of people in poverty with actionable steps toward creating sustainable sources of income.

$75Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $575K · 2021–2022
The Friendship Bench INCCA · FY2022$200,000
Berkeley Center for Science of PsychedelicsFY2021$110,000
Third WayDC · FY2021$100,000
Grip Training InstituteCA · FY2021$75,000
University of Arizona FoundationAZ · FY2021$40,000
Sage InstituteCA · FY2021$25,000
Limina FoundationNM · FY2021$25,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$6.3M
Ln 12
Gifts and grantsLn 1h$6.3M
Money outPt IX
$384K
Ln 25
Programscol B$375K
Managementcol C$9K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$6.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$94K
Cash and savings togetherLn 1–2$94K
InvestmentsLn 11–13$6.3M
Total assetsLn 16$6.4M
LiabilitiesLn 26$0
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$94K
InvestmentsLn 11–13$6.3M
Total assetsLn 16$0$6.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$0$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$375K$375K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$515$515
Total functional expensesLn 25$384K$375K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $47K$4K$43K$14.8M 990 PDF
FY2023 −$390K$113K−$503K$13.9M 990 PDF
FY2022 $9.4M$203K$9.2M$13.3M 990 PDF
FY2021 Viewing $6.3M$384K$5.9M$6.4M 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,320,000 revenue, 12 lines filed
I-8 Contributions and grants$6,320,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$6,320,000
I-13 Grants and similar amounts paid$375,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$8,505
I-18 Total expenses$383,505
I-19 Revenue less expenses$5,936,495
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $6,320,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$6,320,000
VIII-1h Total contributions, gifts and grants$6,320,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$6,320,000
Part IX · Statement of functional expenses $383,505 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $375,000$375,000
IX-11c Accounting feesManagement $1,530$1,530
IX-11g Other fees for servicesManagement $6,460$6,460
IX-13 Office expensesManagement $515$515
IX-25 Total functional expensesPrograms $375,000 · Management $8,505 · Fundraising $0$383,505
Part X · Balance sheet $6,385,103 assets, 6 lines filed
Asset lines not itemized here account for $25,000; see the IRS return.
X-1 Cash, non-interest-bearing$93,999
X-12 Other securities$6,266,104
X-16 Total assetsStart of year $0$6,385,103
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$6,385,103
X-33 Total liabilities and net assetsStart of year $0$6,385,103
Part XI · Reconciliation of net assets $6,385,103 net assets at year end
XI-1 Total revenue$6,320,000
XI-2 Total expenses$383,505
XI-3 Revenue less expenses$5,936,495
XI-5 Net unrealized gains (losses) on investments$448,608
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,385,103

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

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