Navigation Charitable Fund EIN 92-1117448 Form 990 (PDF) Claim this org

Navigation Charitable Fund

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Develops innovative solutions for critical global challenges. For fiscal year 2024 it reported $19.0M in revenue, $39.3M in expenses, and $1.3B in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Science & Technology
Location
Berkeley, CA
Website
www.navigation.org
Filings
2 on file (2023–2024)
Revenue
$19.0MFY2024
Expenses
$39.3M
Net assets
$1.3B
People
10
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-1117448 Public charity (501(c)(3)) Berkeley, CA Founded 2022
Form 990 (PDF)
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Figures match the IRS filing checked 8/11/26 · see original: IRS
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Size
$10–100M
What they do
Develops innovative solutions for critical global challenges.
Leadership
David Coman-Hidy · President · $361K
Money in and out
$19.0M revenue, $39.3M expenses
Bottom line
96% program efficiency
Where the money goes · FY2024
Total revenue
$19.0M
Pt VIII · Ln 12
Total expenses
$39.3M
Pt IX · Ln 25
Net assets
$1.3B
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$20.4M
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
393.4mo
months of highly liquid reserves at operating expense rate▼ -87% vs prior filing year
Surplus margin
-107%
revenue over expenses, this year▼ -208% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$19.0M
FY2024▼ -99%
Expenses
$39.3M
FY2024▲ +678%
Total assets
$1.3B
FY2024▼ -1%
Total liabilities
$415K
FY2024▲ ×18
Total revenue
$19.0M
Pt VIII · Ln 12
Total expenses
$39.3M
Pt IX · Ln 25
Net assets
$1.3B
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$20.4M
Total assetsPt X · Ln 16$1.3B
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $37.9M of program spending, described in the organization's own filed words · FY2024.
01

Navigation charitable fund provided $14.24 million to humane america animal foundation, along with non-binding recommendations to fund organizations dedicated to supporting farm animal welfare and climate work through movement-building, research, and novel PROJECTS.NCF provided $15.375 million to vanguard charitable, along with…

$37.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNavigation Charitable Fund
EINHdr · item D92-1117448
Principal addressHdr · item CBerkeley, CA
WebsiteHdr · item Jwww.navigation.org
Year of formationHdr · item L2022
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFScience & Technology (U05)
Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$360,904Pt VII · Sec A
Executive Vice President
$295,626Pt VII · Sec A
Grants & Operations Director
$186,400Pt VII · Sec A
Program Off, Criminal Justice Reform
$171,116Pt VII · Sec A
Program Officer, Open Science
$165,068Pt VII · Sec A
Program Off, Farm Animal Welfare
$157,545Pt VII · Sec A
Board Member (thru July 2024)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

David Coman-Hidy’s $361K as President is at the 42nd percentile of top reported officer pay among 140 $10–100M science & technology 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 · 6 named individuals · Part VII

NameFY2024FY2023
David Coman-Hidy$360,904$80,062
Andrea Gunn$295,626
Kristen Diederich$186,400
Erin Keith$171,116
Karthik Ram$165,068
Jesse Marks$157,545

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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Statement of Revenue

Part VIII
Investment income100%$19.0M
Total revenueLn 12$19.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$37.9M
Management & general4%$1.5M
Total functional expensesLn 25$39.3M

Balance Sheet

Part X · end of year
CashLn 1$405.7M
Total assetsLn 16$1.3B
Total liabilitiesLn 26$415K
Total net assetsLn 32$1.3B
Months of cash on handcomputed123.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3B · Operating expenses/yr $39.3M
393.4 months
Where the money goes
Program services
Program services $37.9M · Total expenses $39.3M
96%
Management & General
Management & general $1.5M · Total expenses $39.3M
4%
Fundraising
Fundraising $0 · Total expenses $39.3M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $654.5M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $19.0M
0%
Government reliance
Government grants — · Total revenue $19.0M
Earned-income share
Program service revenue $0 · Total revenue $19.0M
0%
Investment reliance
Investment income $19.0M · Total revenue $19.0M
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $39.3M
0%
Growth & trend
Revenue growth (YoY)
This year $19.0M · Prior year $1.3B
-99%
Net-asset trend (YoY)
End of year $1.3B · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $19.0M · Expenses $39.3M
-107%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3B
Net-asset ratio
Net assets $1.3B · Total assets $1.3B
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $883.5M · Total assets (Pt X, ln 16) $1.3B
69%
People & payroll
Highest Reported Total Compensation
Individual David Coman-Hidy · Reported title PRESIDENT · Highest reported compensation $361K · Total expenses $39.3M
0.9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.7M · Total expenses $39.3M
4%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth -99%
Legal fee ratio 0.2%
Accounting fee ratio 0.09%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$1.2M
Grants paid · 12 grants · $39.2M · 2023–2024
Humane America Animal FoundationCA · FY2024$14,240,000
New York UniversityNY · FY2024$5,000,000
Vsv LeadershipFY2024$300,000
Fideus Labs LLCFY2024$70,000
Liana Paris Consulting LLCFY2024$51,000
Fortier Public RelationsFY2024$47,270
Stb Consulting LLCFY2024$6,700
Megan P Wheeler Consulting LLCFY2024$6,500
Unitemized GrantFY2024$1,500
Humane America Animal FoundationCA · FY2023$2,375,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$19.0M revenue · viewing · ⤓ 990 PDF
FY2023$1.3B revenue · ⤓ 990 PDF

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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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