Funders For Lesbian And Gay Issues Inc
- Assets
- $6.2m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 13-4144494
Organization Overview
Funders For Lesbian And Gay Issues Inc, operating under the name Funders For Lgbtq Issues, is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Funders For Lgbtq Issues employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Funders For Lgbtq Issues 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, Funders For Lgbtq Issues generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 13.0% 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 2016, Funders For Lgbtq Issues has awarded 86 individual grants totaling $4,035,800. 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
FUNDERS FOR LGBTQ ISSUES WORK TO INCREASE THE SCALE AND IMPACT OF PHILANTHROPIC RESOURCES AIMED AT ENHANCING THE WELL-BEING OF LESBIAN, GAY, BISEXUAL, TRANSGENDER AND QUEER COMMUNITIES, PROMOTING EQUITY, AND ADVANCING RACIAL, ECONOMIC AND GENDER JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENING, TRAINING, & RESEARCH: FUNDERS FOR LGBTQ ISSUES PROVIDES CONVENINGS, TRAININGS, AND RESEARCH TO EDUCATE FUNDERS ABOUT THE NEEDS OF LESBIAN, GAY, BISEXUAL, AND TRANSGENDER COMMUNITIES. CONVENINGS INCLUDE THE ANNUAL FUNDING FORWARD CONFERENCE TO HELP FUNDERS MAXIMIZE THE IMPACT OF THEIR GRANTMAKING IN LGBT COMMUNITIES, WHICH WAS ATTENDED BY MORE THAN 199 PEOPLE IN 2020. FUNDERS FOR LGBTQ ISSUES ALSO PROVIDED CONVENINGS AND TRAININGS ON LGBTQ ISSUES FOR MORE THAN 1,000 FOUNDATION STAFF AND TRUSTEES. THE ORGANIZATION RELEASED THE 2018 TRACKING REPORT: LESBIAN, GAY, BISEXUAL, TRANSGENDER, AND QUEER GRANTMAKING BY U.S. FOUNDATIONS, A COMPREHENSIVE ANNUAL REPORT ON OVERALL TRENDS IN LGBTQ FUNDING. IN ADDITION TO REPORTS RELATED TO SPECIAL INITIATIVES NOTED BELOW, THE ORGANIZATION RELEASED THE 2017-2018 GLOBAL RESOURCES REPORT, PHILANTHROPY OUTLOOK: LGBTQ LATINX COMMUNITIES, AND PHILANTHROPY OUTLOOK: LGBTQ BLACK COMMUNITIES.
OUT IN THE SOUTH: THE OUT IN THE SOUTH INITIATIVE SEEKS TO INCREASE THE SCALE AND IMPACT OF FOUNDATION FUNDING FOR LGBTQ COMMUNITIES IN THE U.S. SOUTH. THE INITIATIVE RAISES AWARENESS ABOUT THE UNIQUE NEEDS AND ASSETS OF SOUTHERN LGBTQ COMMUNITIES AND PROVIDES SUPPORT FOR LGBTQ PHILANTHROPIC FUNDS BASED IN THE SOUTH. IN 2020, THE INITIATIVE AWARDED ITS FOURTH ROUND OF GRANTS, PROVIDING $689,000 IN PLANNING GRANTS AND MATCHING GRANTS TO HELP STRENGTHEN 11 LGBTQ FUNDS ACROSS THE REGION.
GRANTMAKERS UNITED FOR TRANS COMMUNITIES (GUTC): THE GUTC INITIATIVE AIMS TO INSPIRE A PHILANTHROPIC CULTURE THAT IS INCLUSIVE AND SUPPORTIVE OF TRANSGENDER PEOPLE IN BOTH GRANTMAKING AND DECISION-MAKING. IN 2019, THE INITIATIVE LAUNCHED ITS GUTC LEADERSHIP FELLOWSHIP, PROVIDING SIX TRANSGENDER AND NON-BINARY PROFESSIONALS IN PHILANTHROPY WITH SUPPPORT, PEER NETWORKING, AND PROFESSIONAL DEVELOPMENT ACTIVITIES. WE CURRENTLY HAVE 19 GRADUATES OF THE PROGRAM AND HAD SEVEN FELLOWS BEGINNING IN 2020.
CONVENING, TRAINING, & RESEARCH: FUNDERS FOR LGBTQ ISSUES PROVIDES CONVENINGS, TRAININGS, AND RESEARCH TO EDUCATE FUNDERS ABOUT THE NEEDS OF LESBIAN, GAY, BISEXUAL, AND TRANSGENDER COMMUNITIES. CONVENINGS INCLUDE THE ANNUAL FUNDING FORWARD CONFERENCE TO HELP FUNDERS MAXIMIZE THE IMPACT OF THEIR GRANTMAKING IN LGBT COMMUNITIES, WHICH WAS ATTENDED BY MORE THAN 200 PEOPLE IN 2021. FUNDERS FOR LGBTQ ISSUES ALSO PROVIDED CONVENINGS AND TRAININGS ON LGBTQ ISSUES FOR MORE THAN 600 FOUNDATION STAFF AND TRUSTEES.
OUT IN THE SOUTH: THE OUT IN THE SOUTH INITIATIVE SEEKS TO INCREASE THE SCALE AND IMPACT OF FOUNDATION FUNDING FOR LGBTQ COMMUNITIES IN THE U.S. SOUTH. THE INITIATIVE RAISES AWARENESS ABOUT THE UNIQUE NEEDS AND ASSETS OF SOUTHERN LGBTQ COMMUNITIES AND PROVIDES SUPPORT FOR LGBTQ PHILANTHROPIC FUNDS BASED IN THE SOUTH. IN 2021, THE INITIATIVE AWARDED $766,500 IN PLANNING GRANTS AND MATCHING GRANTS TO HELP STRENGTHEN 12 LGBTQ FUNDS ACROSS THE REGION.
GRANTMAKERS UNITED FOR TRANS COMMUNITIES (GUTC): THE GUTC INITIATIVE AIMS TO INSPIRE A PHILANTHROPIC CULTURE THAT IS INCLUSIVE AND SUPPORTIVE OF TRANSGENDER PEOPLE IN BOTH GRANTMAKING AND DECISION-MAKING. IN 2021, THE INITIATIVE OFFERED THE GUTC LEADERSHIP FELLOWSHIP, PROVIDING SEVEN TRANSGENDER AND NON-BINARY PROFESSIONALS IN PHILANTHROPY WITH SUPPORT, PEER NETWORKING, AND PROFESSIONAL DEVELOPMENT ACTIVITIES. WE CURRENTLY HAVE 19 GRADUATES OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Wertz Interim Pres | Officer | 40 | $186,440 |
Marvin Webb Chief Finan Officer | 40 | $167,307 | |
Andrew Wallace VP Of Research & Comms. | 40 | $133,546 | |
Rebecca Wisotsky Nat Dir Of Phil Out | 40 | $117,896 | |
Saida Agostini-Bostic President | Officer | 40 | $78,600 |
Michelle Agostini Bostic President | Officer | 40 | $78,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $562,244 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $360,611 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,545,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,468,452 |
| Total Program Service Revenue | $94,802 |
| Investment income | $133,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,272 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,714,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $766,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $311,041 |
| Compensation of current officers, directors, key employees. | $48,197 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $933,282 |
| Pension plan accruals and contributions | $52,310 |
| Other employee benefits | $361,709 |
| Payroll taxes | $20,417 |
| Fees for services: Management | $331,831 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,580 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,528 |
| Information technology | $17,254 |
| Royalties | $0 |
| Occupancy | $74,356 |
| Travel | $7,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,086 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,000 |
| All other expenses | $26,534 |
| Total functional expenses | $3,102,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,832 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $924,750 |
| Accounts receivable, net | $56,180 |
| 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 | $46,086 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,389,799 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,199 |
| Total assets | $6,232,846 |
| Accounts payable and accrued expenses | $372,977 |
| Grants payable | $0 |
| 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 | $196,400 |
| Other liabilities | $0 |
| Total liabilities | $569,377 |
| Net assets without donor restrictions | $819,976 |
| Net assets with donor restrictions | $4,843,493 |
| 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 | $6,232,846 |
Grants Awarded
Over the last fiscal year, Funders For Lesbian And Gay Issues Inc has awarded $1,523,000 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: SOUTHERN RE-GRANTING PROJECT | $279,000 |
Atlanta, GA PURPOSE: SOUTHERN RE-GRANTING PROJECT | $279,000 |
Asheville, NC PURPOSE: SOUTHERN RE-GRANTING PROJECT | $115,000 |
Asheville, NC PURPOSE: SOUTHERN RE-GRANTING PROJECT | $115,000 |
ARKANSAS COMMUNITY FOUNDATION PURPOSE: SOUTHERN RE-GRANTING PROJECT | $70,000 |
ARKANSAS COMMUNITY FOUNDATION PURPOSE: SOUTHERN RE-GRANTING PROJECT | $70,000 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Funders For Lesbian And Gay Issues Inc has recieved totaling $3,419,575.
| Awarding Organization | Amount |
|---|---|
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500,000 |
Foundation For A Just Society New York, NY PURPOSE: RESTRICTED PROGRAM SUPPORT TO THE OUT IN THE SOUTH INITIATIVE | $350,000 |
Borealis Philanthropy Minneapolis, MN PURPOSE: TO SUPPORT THE WORK OF FUNDERS FOR LGBTQ ISSUES | $300,000 |
Arcus Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $225,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Astraea Foundation Inc New York, NY | $34,728,076 | $21,327,724 |
Glbtq Legal Advocates & Defenders Inc Boston, MA | $5,851,942 | $5,190,845 |
Keshet Inc Boston, MA | $6,064,151 | $4,117,048 |
North Central District Aids Coalition Incorporated Mill Hall, PA | $1,045,476 | $3,336,284 |
Funders For Lesbian And Gay Issues Inc New York, NY | $6,232,846 | $6,714,724 |
True Colors United Inc New York, NY | $3,413,319 | $3,601,465 |
Transgender Legal Defense And Education Fund Inc New York, NY | $2,092,096 | $2,457,191 |
Long Island Gay And Lesbian Youth Inc Hauppauge, NY | $3,176,182 | $1,978,648 |
Immigration Equality Brooklyn, NY | $1,602,488 | $2,381,550 |
In Our Own Voices Inc Albany, NY | $1,326,658 | $1,552,338 |
Men Having Babies Inc Riverdale, NY | $1,545,445 | $1,395,174 |
Brooklyn Community Pride Center Inc Brooklyn, NY | $942,607 | $1,083,366 |