Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
17 people listed on the 990; $486K paid to officers and key staff.
William Jenkins’s $279K as SVP and COO A/O 5/24 is at the 93rd percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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.
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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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Distributes grants to expand and preserve affordable housing, reduce utility bills, improve community health, and create jobs.
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Distributing greenhouse gas reduction fund national clean investment fund grant to expand and preserve affordable housing, reduce utility bills, improve community health and safety, and create well-paying jobs.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.01B | |
| Total assetsLn 16 | $100 | $2.01B |
| LiabilitiesLn 26 | $0 | $2.01B |
| Net assetsLn 32 | $100 | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5.5M | $5.5M | ||
| Pay of current officers, directors and key staffLn 5 | $516K | $473K | $43K | |
| Other salaries and wagesLn 7 | $211K | $193K | $18K | |
| Pension plan contributionsLn 8 | $3K | $2K | $228 | |
| Other employee benefitsLn 9 | $92K | $84K | $8K | |
| Payroll taxesLn 10 | $122K | $111K | $11K | |
| Legal feesLn 11b | $305K | $305K | ||
| Other fees for servicesLn 11g | $2.2M | $1.6M | $613K | |
| Advertising and promotionLn 12 | $63K | $63K | ||
| Office expensesLn 13 | $36 | $32 | $4 | |
| Information technologyLn 14 | $9K | $8K | $558 | |
| TravelLn 17 | $11K | $11K | $663 | |
| InsuranceLn 23 | $159K | $143K | $16K | |
| Other expenses (24a–d)Ln 24 | $310K | $279K | $31K | |
| Total functional expensesLn 25 | $9.5M | $8.7M | $741K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $9.5M | $9.5M | $0 | $0 | 990 PDF |
| FY2023 | $100 | $100 | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $9,484,569 across 3 lines filed
Part IX · Statement of functional expenses $9,484,569 across 14 lines filed
Part X · Balance sheet $2,009,871,590 assets, 10 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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