Neo Philanthropy Inc
- Assets
- $141.4m
- Revenue
- $144.4m
- Investments
- $0.0
- Employees
- 318
- Location
- New York, NY
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 13-3191113
Organization Overview
Neo Philanthropy Inc is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Neo Philanthropy Inc employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neo Philanthropy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Neo Philanthropy Inc generated $144.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $105.6m during the year ending 12/2021. While expenses have increased by 15.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Neo Philanthropy Inc has awarded 2,366 individual grants totaling $325,907,857. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STATE INFRASTRUCTURE FUND SUPPORTS THE DEVELOPMENT OF STATE-BASED NETWORKS OF ORGANIZATIONS THAT COORDINATE THEIR PROGRAMMING TO INCREASE CIVIC PARTICIPATION AMONG HISTORICALLY UNDERREPRESENTED COMMUNITIES AND TO PROTECT THEIR RIGHT TO VOTE.
THE FISCAL SPONSORSHIP PROGRAM PROVIDES ADMINISTRATIVE AND SUPPORT SERVICES TO OTHER NONPROFIT ORGANIZATIONS AND/OR PROJECTS THAT DO NOT HAVE 501(C)(3) TAX EXEMPT STATUS. THIS PROGRAM ALSO WORKS WITH THESE ORGANIZATIONS, SERVING AS AN INCUBATOR FOR PROJECTS THAT ARE CLOSELY ALIGNED WITH THE ORGANIZATION'S MISSION.
THE DONOR SERVICES PROGRAM PROVIDES STRATEGIC, OPERATIONAL, AND SUPPORT SERVICES TO DONOR-DRIVEN PROJECTS, DEVELOPED IN COLLABORATION WITH FUNDERS. FUNDERS INCLUDE PRIVATE FOUNDATIONS, PHILANTHROPIC AFFINITY GROUPS, CORPORATE DONORS, COMMUNITY FOUNDATIONS, AS WELL AS INDIVIDUALS. ALTHOUGH DONOR-DRIVEN, DONOR SERVICES PROJECTS MUST FIRST AND FOREMOST BE ALIGNED WITH OUR ORGANIZATIONAL MISSION AND VALUES AND CAN INCLUDE SIGNIFICANT GRANTMAKING EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwana Franklin Davis Program Director | 40 | $302,698 | |
Michele Lord President | Officer | 39 | $293,311 |
Edwin Rekosh Program Director | 40 | $241,740 | |
Lisa Versaci Program Director | Officer | 40 | $238,750 |
Rini Chakraborty Program Director | Officer | 39 | $228,279 |
Erin Ballard Chief Operating Officer | Officer | 39 | $200,107 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civitas Public Affairs Group Llc Communications | 12/30/21 | $950,000 |
Team Blackbird Project Management | 12/30/21 | $2,231,700 |
Analyst Institute Project Management | 12/30/21 | $889,800 |
Groundwork Project Llc Project Management | 12/30/21 | $753,337 |
Social Transformation Project Inc Project Management | 12/30/21 | $700,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,320,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,064,879 |
| Noncash contributions included in lines 1a–1f | $7,489,360 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $143,384,879 |
| Total Program Service Revenue | $895,158 |
| Investment income | $73,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $144,358,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,720,328 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $620,644 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,441,811 |
| Compensation of current officers, directors, key employees. | $483,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,644,384 |
| Pension plan accruals and contributions | $566,743 |
| Other employee benefits | $2,940,785 |
| Payroll taxes | $1,458,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $207,031 |
| Fees for services: Accounting | $53,250 |
| Fees for services: Lobbying | $26,667 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,705 |
| Fees for services: Other | $18,107,748 |
| Advertising and promotion | $57,135 |
| Office expenses | $1,085,330 |
| Information technology | $171,662 |
| Royalties | $0 |
| Occupancy | $587,926 |
| Travel | $338,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $389,300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,263 |
| Insurance | $72,651 |
| All other expenses | $0 |
| Total functional expenses | $105,641,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,155,764 |
| Savings and temporary cash investments | $69,825,046 |
| Pledges and grants receivable | $40,582,485 |
| Accounts receivable, net | $84,596 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $649,735 |
| Net Land, buildings, and equipment | $134,777 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,068 |
| Total assets | $141,436,471 |
| Accounts payable and accrued expenses | $6,327,537 |
| Grants payable | $8,061,127 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,388,664 |
| Net assets without donor restrictions | $11,870,922 |
| Net assets with donor restrictions | $115,176,885 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $141,436,471 |
Grants Awarded
Over the last fiscal year, Neo Philanthropy Inc has awarded $59,547,267 in support to 431 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: Program Grant | $3,600,000 |
New York, NY PURPOSE: Program Grant | $3,458,000 |
College Park, GA PURPOSE: Program Grant | $1,000,000 |
San Francisco, CA PURPOSE: Program Grant | $862,251 |
Washington, DC PURPOSE: Program Grant | $855,500 |
San Francisco, CA PURPOSE: Program Grant | $830,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neo Philanthropy Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Millstreet Foundation Inc Menlo Park, CA PURPOSE: HELPS BUILD STRONG SOCIAL JUSTICE MOEVEMENTS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neo Philanthropy Inc New York, NY | $141,436,471 | $144,358,199 |
American National Standards Institute New York, NY | $61,521,698 | $89,284,423 |
Third Sector Capital Partners Inc Boston, MA | $27,345,891 | $27,551,770 |
Buffalo Civic Auto Ramps Inc Buffalo, NY | $1,499,927 | $7,888,664 |
Pocono Services For Families And Children Inc East Stroudsburg, PA | $5,666,674 | $5,697,584 |
Data & Society Research Institute New York, NY | $10,624,558 | $3,287,575 |
Bend The Arc Jewish Action Inc New York, NY | $2,917,123 | $4,796,081 |
Build Commonwealth Inc Boston, MA | $4,562,136 | $1,917,151 |
Greater Syracuse Property Development Corporation Syracuse, NY | $6,042,694 | $3,813,121 |
East Mid-Manhattan District Management Association Inc New York, NY | $3,778,894 | $3,534,351 |
New York 811 Inc Bohemia, NY | $4,587,897 | $3,122,927 |
Boston Public Market Boston, MA | $10,519,355 | $1,304,589 |