Policylink FY2020 filing

Tax-deductible

Oakland, CA501(c)(3)Since 1998Community DevelopmentEIN 94-3297479Revenue $62.0M in FY2020

On file with the IRSpolicylink.org1438 Webster St Ste 303, 94612-3228 · Oakland, CATax-exempt since Nov 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Policylink is a national research and action institute (continue on schedule o)advancing racial and economic equity by lifting up what works.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$3.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $17.7M a year · 29% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.6M
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
37
named funders · $46.4M
Looks good: 37 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62.0M
Spent
$18.7M
To programs
85%
Net assets
$63.5M
By yearFY2020–FY2024
Revenue
$62.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$62.0M
FY2021$83.4M
FY2022$46.1M
FY2023$66.5M
FY2024$48.2M
Expenses
$18.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$18.7M
FY2021$43.1M
FY2022$53.3M
FY2023$44.4M
FY2024$58.1M
Net assets
$63.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$63.5M
FY2021$103.9M
FY2022$96.0M
FY2023$119.9M
FY2024$111.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Nov 1998.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $16.0M Management & general 12% · $2.2M Fundraising 3% · $513K

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

25 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$461,455Pt VII · Sec A
Chief Operating Officer
$315,211Pt VII · Sec A
Founder in Residence
$301,408Pt VII · Sec A
Chief Financial Officer
$235,698Pt VII · Sec A
Senior Fellow
$207,460Pt VII · Sec A
Chief Impact Officer
$192,879Pt VII · Sec A
Vice President of Research
$190,120Pt VII · Sec A
Director of HR and Administration
$181,126Pt VII · Sec A

Michael a McAfee’s $607K as Chief Executive Officer is at the 84th percentile of top reported officer pay among 572 $10–100M community development 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
Michael a McAfee$606,545$605,225$574,231$542,392$461,455
Ashleigh G Gardere$509,380$444,530$378,384$271,160—
Joshua F Kirschenbaum$371,548$464,823$406,850$271,160$315,211
Michael J Hassid$400,177$419,347$378,021$255,270$235,698
Angela Glover Blackwell—$267,342$284,276$361,872$301,408
Vanice Dunn$318,822$241,845$217,678——
Josephine Wong$311,375$201,791———
Jerry Maldonado$300,883$281,990$251,959——

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advances racial and economic equity through research and advocacy to build an economy where all people have good jobs, fair wages, and shared wealth.

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Provided by the organization

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3 programs · $12.9M · in their own filed words · FY2020
01

Healthy Communities of Opportunity

This portfolio is dedicated to creating and maintaining opportunity-rich communities in all neighborhoods and all regions of the country through strong networks and social capital, equitable development, and infrastructure investments that enable low-income people and communities of color to thrive.

$6.4Mprogram expense
02

Just Society

This portfolio is dedicated to building power and expanding agency to ensure that all systems and institutions are just, free of racial bias, and lead to a vibrant democracy where all, especially the most vulnerable, can participate and prosper.

$3.5Mprogram expense
03

Equitable Economy

This portfolio is dedicated to promoting economic inclusion and ownership to eliminate poverty, shrink inequality, and increase mobility. This program includes all-in-cities, national equity atlas, bay area equity atlas, the federal job guarantee, racial wealth gap, corporate racial equity index and financial security and is a body of…

$3.0Mprogram 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 37 funders →
Grants paid · 453 grants · $56.5M · 2020–2024
Liberation in a Generation INCVA · FY2024$3,531,226
Liberation Ventures INCDE · FY2024$1,669,986
Stories of US INCNY · FY2024$1,044,218
Just Capital Foundation INCNY · FY2024$250,000
Fsg INCMA · FY2024$171,000
Possibility LabsCA · FY2024$170,000
Get Free Movement Fund INCNY · FY2024$152,500
Equal Justice SocietyCA · FY2024$152,500
California Black Power NetworkCA · FY2024$152,500
Northeastern UniversityMA · FY2024$127,500
Free PressMA · FY2024$127,500
FirstrepairIL · FY2024$127,500
Equity and TransformationIL · FY2024$127,500
Forward JusticeNC · FY2024$109,000
See all 453 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$62.0M
Ln 12
Gifts and grantsLn 1h$60.3M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$92K
Money outPt IX
$18.7M
Ln 25
Programscol B$16.0M
Managementcol C$2.2M
Fundraisingcol D$513K
Owns and owesPt X
$63.5M
net assets · Ln 32
Cash and savingsLn 1–2$24.4M
Total assetsLn 16$67.1M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
25
listed · VII A
PaidVII A18
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60.3M
Noncash giftsLn 1g$601K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$92K
Other incomeLn 4–11$77K
Total revenueLn 12$62.0M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$21.5M
Cash and savings togetherLn 1–2$24.4M
InvestmentsLn 11–13$32.5M
Land, buildings, equipmentLn 10c$110K
Other assetsLn 15$58K
Total assetsLn 16$67.1M
LiabilitiesLn 26$3.6M
Net assetsLn 32$63.5M
OperationsPt I, VI
EmployeesI 5105
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$15.1M$24.4M
InvestmentsLn 11–13$0$32.5M
Land, buildings, equipmentLn 10c$141K$110K
Total assetsLn 16$21.9M$67.1M
LiabilitiesLn 26$1.6M$3.6M
Net assetsLn 32$20.3M$63.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$2.7M$2.2M$392K$125K
Other salaries and wagesLn 7$6.2M$5.2M$774K$209K
Pension plan contributionsLn 8$411K$342K$54K$15K
Other employee benefitsLn 9$929K$773K$121K$35K
Payroll taxesLn 10$606K$504K$79K$23K
Legal feesLn 11b$150K$60K$90K
Accounting feesLn 11c$52K$52K
Lobbying feesLn 11d$4K$4K
Other fees for servicesLn 11g$3.6M$3.4M$180K$29K
Advertising and promotionLn 12$4K$3K$508$144
Office expensesLn 13$57K$47K$7K$2K
Information technologyLn 14$416K$355K$45K$16K
OccupancyLn 16$849K$706K$111K$32K
TravelLn 17$88K$84K$2K$2K
Conferences, conventions and meetingsLn 19$310K$296K$7K$7K
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$97K$81K$13K$4K
InsuranceLn 23$64K$53K$8K$2K
Other expenses (24a–d)Ln 24$330K$58K$259K$13K
Total functional expensesLn 25$18.7M$16.0M$2.2M$513K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $48.2M$58.1M−$9.9M$111.2M 990 PDF
FY2023 $66.5M$44.4M$22.1M$119.9M 990 PDF
FY2022 $46.1M$53.3M−$7.2M$96.0M 990 PDF
FY2021 $83.4M$43.1M$40.3M$103.9M 990 PDF
FY2020 Viewing $62.0M$18.7M$43.3M$63.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $61,963,660 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,339,651$60,283,754
I-9 Program service revenuePrior year $2,161,760$1,511,164
I-10 Investment incomePrior year $105,854$92,160
I-11 Other revenuePrior year $40,328$76,582
I-12 Total revenuePrior year $14,647,593$61,963,660
I-13 Grants and similar amounts paidPrior year $339,698$1,762,764
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,894,913$10,859,312
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,546,127$6,058,937
I-18 Total expensesPrior year $13,780,738$18,681,013
I-19 Revenue less expensesPrior year $866,855$43,282,647
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $61,963,660 across 7 lines filed
VIII-1f All other contributions, gifts and grants$60,283,754
VIII-1g Noncash contributions (included above)$601,124
VIII-1h Total contributions, gifts and grants$60,283,754
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,511,164$1,511,164
VIII-3 Investment incomeExcluded from tax $92,160$92,160
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $76,582$76,582
VIII-12 Total revenueRelated to mission $1,587,746 · Unrelated business $0 · Excluded from tax $92,160$61,963,660
Part IX · Statement of functional expenses $18,681,013 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,762,764$1,762,764
IX-5 Pay of current officers, directors and key staffPrograms $2,183,965 · Management $392,328 · Fundraising $125,371$2,701,664
IX-7 Other salaries and wagesPrograms $5,228,580 · Management $773,773 · Fundraising $208,535$6,210,888
IX-8 Pension plan contributionsPrograms $342,224 · Management $53,743 · Fundraising $15,416$411,383
IX-9 Other employee benefitsPrograms $773,456 · Management $121,120 · Fundraising $34,841$929,417
IX-10 Payroll taxesPrograms $504,020 · Management $79,236 · Fundraising $22,704$605,960
IX-11b Legal feesPrograms $59,867 · Management $89,801$149,668
IX-11c Accounting feesManagement $51,654$51,654
IX-11d Lobbying feesPrograms $4,322$4,322
IX-11g Other fees for servicesPrograms $3,421,210 · Management $179,806 · Fundraising $28,811$3,629,827
IX-12 Advertising and promotionPrograms $3,199 · Management $508 · Fundraising $144$3,851
IX-13 Office expensesPrograms $47,462 · Management $7,440 · Fundraising $2,138$57,040
IX-14 Information technologyPrograms $354,747 · Management $45,395 · Fundraising $15,980$416,122
IX-16 OccupancyPrograms $706,236 · Management $111,334 · Fundraising $31,813$849,383
IX-17 TravelPrograms $83,661 · Management $2,082 · Fundraising $1,861$87,604
IX-19 Conferences, conventions and meetingsPrograms $296,421 · Management $7,375 · Fundraising $6,593$310,389
IX-20 InterestManagement $8,131$8,131
IX-22 Depreciation, depletion and amortizationPrograms $80,927 · Management $12,848 · Fundraising $3,645$97,420
IX-23 InsurancePrograms $53,494 · Management $7,752 · Fundraising $2,410$63,656
IX-24 Other expenses (24a–d)Programs $57,819 · Management $259,087 · Fundraising $12,964$329,870
IX-25 Total functional expensesPrograms $15,964,374 · Management $2,203,413 · Fundraising $513,226$18,681,013
Part X · Balance sheet $67,149,922 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,237,726$2,933,462
X-2 Savings and temporary cash investmentsStart of year $11,909,179$21,453,101
X-3 Pledges and grants receivableStart of year $5,550,607$9,780,000
X-4 Accounts receivableStart of year $872,685$155,543
X-9 Prepaid expenses and deferred chargesStart of year $149,826$178,623
X-10c Land, buildings and equipment, netStart of year $141,095$110,375
X-11 Publicly traded securitiesStart of year $0$32,480,559
X-15 Other assetsStart of year $44,881$58,259
X-16 Total assetsStart of year $21,905,999$67,149,922
X-17 Accounts payable and accrued expensesStart of year $1,197,483$1,909,792
X-19 Deferred revenueStart of year $265,991$125,600
X-25 Other liabilitiesStart of year $142,806$1,565,106
X-26 Total liabilitiesStart of year $1,606,280$3,600,498
X-27 Net assets without donor restrictionsStart of year $10,815,497$37,358,561
X-28 Net assets with donor restrictionsStart of year $9,484,222$26,190,863
X-32 Total net assets or fund balancesStart of year $20,299,719$63,549,424
X-33 Total liabilities and net assetsStart of year $21,905,999$67,149,922
Part XI · Reconciliation of net assets $63,549,424 net assets at year end
XI-1 Total revenue$61,963,660
XI-2 Total expenses$18,681,013
XI-3 Revenue less expenses$43,282,647
XI-4 Net assets at start of year$20,299,719
XI-5 Net unrealized gains (losses) on investments−$32,942
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$63,549,424

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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