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.
90¢ of each $1 spent went to programs.
$2.5M 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

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
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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $79.0M in investments, Pt X · Ln 11–13
Fine: 1.6 months of spending in cash; 1 to 3.
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
$9.6M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$83.4M
+35% vs prior year
Spent
$43.1M
To programs
90%
Net assets
$103.9M
By yearFY2020–FY2024
Revenue
$83.4M
FY2021▲ +35%
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
$43.1M
FY2021▲ +130%
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
$103.9M
FY2021▲ +63%
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 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 Nov 1998.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $38.8M Management & general 7% · $3.1M Fundraising 3% · $1.1M

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

16 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$542,392Pt VII · Sec A
Founder in Residence
$361,872Pt VII · Sec A
Executive Vice President of Programs
$271,160Pt VII · Sec A
Chief Operating Officer
$271,160Pt VII · Sec A
Chief Financial Officer
$255,270Pt VII · Sec A
$241,543Pt VII · Sec A
$188,456Pt VII · Sec A
Managing Director
$187,113Pt 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 · $20.1M · in their own filed words · FY2021
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.

$10.3Mprogram expense
02

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…

$5.9Mprogram expense
03

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.

$4.0Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$83.4M
Ln 12
Gifts and grantsLn 1h$81.7M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$216K
Money outPt IX
$43.1M
Ln 25
Programscol B$38.8M
Managementcol C$3.1M
Fundraisingcol D$1.1M
Owns and owesPt X
$103.9M
net assets · Ln 32
Cash and savingsLn 1–2$5.9M
Total assetsLn 16$113.5M
LiabilitiesLn 26$9.6M
PeoplePt VI, VII
16
listed · VII A
PaidVII A9
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81.7M
Government grantsLn 1e$1.3M
Noncash giftsLn 1g$7.9M
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$216K
Other incomeLn 4–11$103K
Gains on assetsLn 7−$30K
Total revenueLn 12$83.4M
Assets in detailPt X, end of year
CashLn 1$3.4M
SavingsLn 2$2.5M
Cash and savings togetherLn 1–2$5.9M
InvestmentsLn 11–13$79.0M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$73K
Total assetsLn 16$113.5M
LiabilitiesLn 26$9.6M
Net assetsLn 32$103.9M
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 FY21End FY21
Cash and savingsLn 1–2$24.4M$5.9M
InvestmentsLn 11–13$32.5M$79.0M
Land, buildings, equipmentLn 10c$110K$1.1M
Total assetsLn 16$67.1M$113.5M
LiabilitiesLn 26$3.6M$9.6M
Net assetsLn 32$63.5M$103.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16.5M$16.5M
Pay of current officers, directors and key staffLn 5$1.9M$821K$609K$456K
Other salaries and wagesLn 7$9.7M$8.3M$1.1M$286K
Pension plan contributionsLn 8$403K$344K$45K$13K
Other employee benefitsLn 9$1.3M$1.1M$159K$64K
Payroll taxesLn 10$806K$640K$116K$50K
Legal feesLn 11b$144K$144K
Accounting feesLn 11c$85K$85K
Other fees for servicesLn 11g$10.0M$9.3M$626K$117K
Advertising and promotionLn 12$6K$5K$920$392
Office expensesLn 13$114K$91K$16K$7K
Information technologyLn 14$534K$424K$77K$33K
OccupancyLn 16$956K$760K$138K$59K
TravelLn 17$25K$24K$638$576
Conferences, conventions and meetingsLn 19$425K$406K$10K$9K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$24K$19K$4K$2K
InsuranceLn 23$94K$78K$9K$6K
Other expenses (24a–d)Ln 24$44K$33K$8K$3K
Total functional expensesLn 25$43.1M$38.8M$3.1M$1.1M

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 Viewing $83.4M$43.1M$40.3M$103.9M 990 PDF
FY2020 $62.0M$18.7M$43.3M$63.5M 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 M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $83,393,172 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,283,754$81,651,272
I-9 Program service revenuePrior year $1,511,164$1,423,247
I-10 Investment incomePrior year $92,160$215,957
I-11 Other revenuePrior year $76,582$102,696
I-12 Total revenuePrior year $61,963,660$83,393,172
I-13 Grants and similar amounts paidPrior year $1,762,764$16,467,611
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,859,312$14,079,513
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,058,937$12,502,980
I-18 Total expensesPrior year $18,681,013$43,050,104
I-19 Revenue less expensesPrior year $43,282,647$40,343,068
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $83,393,172 across 9 lines filed
VIII-1e Government grants$1,314,144
VIII-1f All other contributions, gifts and grants$80,337,128
VIII-1g Noncash contributions (included above)$7,915,173
VIII-1h Total contributions, gifts and grants$81,651,272
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,423,247$1,423,247
VIII-3 Investment incomeExcluded from tax $245,718$245,718
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$29,761−$29,761
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $101,795 · Excluded from tax $901$102,696
VIII-12 Total revenueRelated to mission $1,525,042 · Unrelated business $0 · Excluded from tax $216,858$83,393,172
Part IX · Statement of functional expenses $43,050,104 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $16,467,611$16,467,611
IX-5 Pay of current officers, directors and key staffPrograms $821,180 · Management $609,309 · Fundraising $456,258$1,886,747
IX-7 Other salaries and wagesPrograms $8,303,424 · Management $1,095,590 · Fundraising $286,373$9,685,387
IX-8 Pension plan contributionsPrograms $344,181 · Management $45,457 · Fundraising $13,363$403,001
IX-9 Other employee benefitsPrograms $1,075,293 · Management $158,662 · Fundraising $64,299$1,298,254
IX-10 Payroll taxesPrograms $640,375 · Management $115,930 · Fundraising $49,819$806,124
IX-11b Legal feesManagement $144,295$144,295
IX-11c Accounting feesManagement $85,011$85,011
IX-11g Other fees for servicesPrograms $9,301,297 · Management $626,319 · Fundraising $116,944$10,044,560
IX-12 Advertising and promotionPrograms $5,041 · Management $920 · Fundraising $392$6,353
IX-13 Office expensesPrograms $90,772 · Management $16,142 · Fundraising $7,067$113,981
IX-14 Information technologyPrograms $424,207 · Management $76,784 · Fundraising $33,002$533,993
IX-16 OccupancyPrograms $759,578 · Management $137,783 · Fundraising $59,093$956,454
IX-17 TravelPrograms $23,917 · Management $638 · Fundraising $576$25,131
IX-19 Conferences, conventions and meetingsPrograms $406,118 · Management $10,155 · Fundraising $9,176$425,449
IX-20 InterestManagement $5,993$5,993
IX-22 Depreciation, depletion and amortizationPrograms $19,360 · Management $3,536 · Fundraising $1,506$24,402
IX-23 InsurancePrograms $78,353 · Management $9,132 · Fundraising $6,096$93,581
IX-24 Other expenses (24a–d)Programs $32,918 · Management $8,303 · Fundraising $2,556$43,777
IX-25 Total functional expensesPrograms $38,793,625 · Management $3,149,959 · Fundraising $1,106,520$43,050,104
Part X · Balance sheet $113,528,942 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $2,933,462$3,426,581
X-2 Savings and temporary cash investmentsStart of year $21,453,101$2,457,026
X-3 Pledges and grants receivableStart of year $9,780,000$27,138,444
X-4 Accounts receivableStart of year $155,543$133,757
X-9 Prepaid expenses and deferred chargesStart of year $178,623$189,359
X-10c Land, buildings and equipment, netStart of year $110,375$1,117,397
X-11 Publicly traded securitiesStart of year $32,480,559$77,733,249
X-12 Other securities$1,260,000
X-15 Other assetsStart of year $58,259$73,129
X-16 Total assetsStart of year $67,149,922$113,528,942
X-17 Accounts payable and accrued expensesStart of year $1,909,792$2,425,164
X-18 Grants payable$6,693,328
X-19 Deferred revenueStart of year $125,600$0
X-25 Other liabilitiesStart of year $1,565,106$529,694
X-26 Total liabilitiesStart of year $3,600,498$9,648,186
X-27 Net assets without donor restrictionsStart of year $37,358,561$46,893,391
X-28 Net assets with donor restrictionsStart of year $26,190,863$56,987,365
X-32 Total net assets or fund balancesStart of year $63,549,424$103,880,756
X-33 Total liabilities and net assetsStart of year $67,149,922$113,528,942
Part XI · Reconciliation of net assets $103,880,756 net assets at year end
XI-1 Total revenue$83,393,172
XI-2 Total expenses$43,050,104
XI-3 Revenue less expenses$40,343,068
XI-4 Net assets at start of year$63,549,424
XI-5 Net unrealized gains (losses) on investments−$12,834
XI-8 Prior period adjustments$1,098
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$103,880,756

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

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