Borealis Philanthropy
- Assets
- $93.1m
- Revenue
- $83.9m
- Investments
- $0.0
- Employees
- 37
- Location
- Minneapolis, MN
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4598642
Organization Overview
Borealis Philanthropy is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Borealis Philanthropy employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Borealis Philanthropy 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, Borealis Philanthropy generated $83.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 52.4% each year . All expenses for the organization totaled $39.2m during the year ending 12/2021. While expenses have increased by 61.2% 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 2015, Borealis Philanthropy has awarded 1,158 individual grants totaling $110,072,961. 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
BOREALIS PHILANTHROPY DIRECTS RESOURCES TO PEOPLE BUILDING POWERFUL, THRIVING COMMUNITIES THAT SERVE ALL OF US, WITH THOSE MOST IMPACTED BY INJUSTICE LEADING THE WAY. WE INVEST IN LEADERS, ORGANIZATIONS, AND MOVEMENTS USING DIVERSE AND INNOVATIVE STRATEGIES TO PURSUE TRANSFORMATIONAL CHANGE, AND WE WORK WITH DONORS TO SUPPORT MOVEMENTS IN WAYS THEY MAY NOT BE ABLE TO DO ON THEIR OWN. THROUGH OUR WORK WITH BOTH FUNDERS AND GRANTEE PARTNERS, WE AIM TO SHIFT POWER AND INVEST IN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RACIAL EQUITY IN PHILANTHROPY FUND (REP) INVESTS IN PHILANTHROPY-SERVING ORGANIZATIONS TO INFORM, EDUCATE, AND EQUIP FUNDERS TO INTEGRATE RACIAL EQUITY POLICIES AND PRACTICES INTO THEIR GRANTMAKING AND PROGRAMS.2021 HIGHLIGHTS:2ND CYCLE OF MULTI-YEAR GRANTMAKING25 GRANTEE PARTNERS
THE COMMUNITIES TRANSFORMING POLICING FUND (CTPF) IS DEDICATED TO SUPPORTING SMALL AND EMERGING GRASSROOTS ORGANIZING GROUPS LED BY PEOPLE MOST IMPACTED BY POLICING IN CREATING COLLECTIVE NARRATIVE AND ENERGY TO SHIFT POWER AND RESOURCES FROM POLICE TO COMMUNITIES TO CREATE SAFETY FOR ALL.2021 HIGHLIGHTS:81% INCREASE IN GRANTMAKING FROM 202055 GRANTEE PARTNERS
THE BLACK-LED MOVEMENT FUND (BLMF) SUPPORTS THE MOVEMENT FOR BLACK LIVES (M4BL) SO THAT IT CAN BETTER SHAPE POLICY AGENDAS FOR BLACK COMMUNITIES, CREATE ALTERNATIVES TO INSTITUTIONS THAT HAVE BEEN HARMFUL TO BLACK PEOPLE, AND BUILD LOCAL BLACK COMMUNITY POWER.2021 HIGHLIGHTS:$1 MILLION+ IN RAPID RESPONSE GRANTS43 GRANTEE PARTNERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amoretta Morris President | Officer | 40 | $167,904 |
Maya Wiener-Berkowitz Director Of Development | 40 | $162,422 | |
Ryan Li Dahlstrom Director Of Programs | 40 | $150,655 | |
Jeree Thomas Program Fund Director | 40 | $134,503 | |
Julia Beatty Program Fund Director | 40 | $134,143 | |
Alejandra Martinez Program Fund Director | 40 | $129,233 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nonprofit Hr Solutions Outsourced Human Resources | 12/30/21 | $361,249 |
Center For Third World Organizing Capacity Building Consulting Services | 12/30/21 | $286,500 |
Jacqueline Misla Organization Capacity Support | 12/30/21 | $172,500 |
Manami Kano Program Fund Capacity Support | 12/30/21 | $145,000 |
The Painefree Group Organizational Development Coaching Serv | 12/30/21 | $306,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $83,842,368 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,842,368 |
| Total Program Service Revenue | $0 |
| Investment income | $17,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $83,860,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,089,751 |
| 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. | $242,297 |
| Compensation of current officers, directors, key employees. | $62,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,926,357 |
| Pension plan accruals and contributions | $74,865 |
| Other employee benefits | $369,827 |
| Payroll taxes | $222,625 |
| Fees for services: Management | $1,571,751 |
| Fees for services: Legal | $26,913 |
| Fees for services: Accounting | $15,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $165,019 |
| Information technology | $223,712 |
| Royalties | $0 |
| Occupancy | $5,622 |
| Travel | $3,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $189,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,584 |
| All other expenses | $0 |
| Total functional expenses | $39,182,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $687,242 |
| Savings and temporary cash investments | $73,734,920 |
| Pledges and grants receivable | $18,606,512 |
| Accounts receivable, net | $0 |
| 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 | $92,635 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $660 |
| Total assets | $93,121,969 |
| Accounts payable and accrued expenses | $463,156 |
| Grants payable | $7,653,640 |
| 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 | $8,116,796 |
| Net assets without donor restrictions | $13,171,711 |
| Net assets with donor restrictions | $71,833,462 |
| 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 | $93,121,969 |
Grants Awarded
Over the last fiscal year, Borealis Philanthropy has awarded $31,681,481 in support to 285 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: TO SUPPORT THE WORK OF PHILANTHROPIC INITIATIVE FOR RACIAL EQUITY | $1,245,000 |
Oakland, CA PURPOSE: TO SUPPORT THE WORK OF CHANGE PHILANTHROPY | $925,000 |
San Francisco, CA PURPOSE: TO SUPPORT THE WORK OF MASS LIBERATION ARIZONA EDUCATION FUND | $760,000 |
Calabasas, CA PURPOSE: TO SUPPORT THE WORK OF SOLUTIONS NOT PUNISHMENT | $569,000 |
Washington, DC PURPOSE: TO SUPPORT THE WORK OF NATIONAL COMMITTEE FOR RESPONSIVE PHILANTHROPY | $550,000 |
New York, NY PURPOSE: TO SUPPORT THE WORK OF ASSOCIATION OF BLACK FOUNDATION EXECUTIVES | $550,000 |
Grants Recieved
Over the last fiscal year, we have identified 72 grants that Borealis Philanthropy has recieved totaling $32,525,979.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO EXPAND THE EFFORTS OF THE COMMUNITIES TRANSFORMING POLICING FUND TO IDENTIFY, SUPPORT, AND NURTURE PROMISING COMMUNITY-BASED POLICE REFORM CAMPAIGNS | $4,750,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE RACIAL EQUITY IN PHILANTHROPY FUND TO ENSURE FUNDERS ARE PROVIDED WITH THE INCENTIVE AND MEANS TO EMBRACE RACIAL EQUITY IN THEIR OPERATIONS AND GRANTMAKING | $4,000,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE BLACK-LED MOVEMENT FUND FOR INTERSECTIONAL, BLACK-LED ORGANIZING AND TO SUPPORT THEIR LEADERS AS THEY BUILD AND ACTIVATE BASES OF POWER IN LOCAL COMMUNITIES | $3,000,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $2,000,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE BLACK-LED MOVEMENT FUND, A PROJECT OF THE GRANTEE, A NATIONAL DONOR COLLABORATIVE SEEKING TO BUILD A NEW GENERATION OF RACIAL JUSTICE ADVOCATES PROMOTING SYSTEMIC SOCIAL CHANGE | $2,000,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT TO THE RACIAL EQUITY IN JOURNALISM FUND, A DONOR COLLABORATIVE TO ASSIST AND STRENGTHEN PEOPLE OF COLOR-LED AND -SERVING MEDIA INSTITUTIONS, PARTICULARLY AROUND CIVIC NEWS COVERAGE AND CORE SUPPORT FOR FUND STRENGTHENING | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Borealis Philanthropy Minneapolis, MN | $93,121,969 | $83,860,189 |
Gps Education Partners Inc Waukesha, WI | $3,399,978 | $6,380,793 |
Ashley For The Arts Ltd Arcadia, WI | $72,807 | $2,501,773 |
Duluth & North Shore Railway Inc Duluth, MN | $669,845 | $2,790,590 |
Lunda Community Center Inc Black River Falls, WI | $21,403,243 | $624,709 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |
Hispanic Advocacy And Community Empowerment Through Research Saint Paul, MN | $982,108 | $1,506,665 |
Prairie Lakes Regional Arts Council Inc Waseca, MN | $117,408 | $791,048 |
Customized Options Nonprofit Oakdale, MN | $468,963 | $1,053,994 |
The Christine Center Willard, WI | $3,088,185 | $1,329,458 |
Peninsula School Of Art Inc Fish Creek, WI | $7,076,513 | $1,332,274 |
North Lakeland Discovery Center Inc Manitowish, WI | $4,813,502 | $2,765,130 |