Fund Ii Foundation
- Assets
- $144.7m
- Revenue
- $14.0m
- Investments
- $125.7m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2015
- Data as of
- 11/2023
- EIN
- 47-2396669
Organization Overview
Fund Ii Foundation is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund Ii Foundation 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 11/2023, Fund Ii Foundation generated $14.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $16.1m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (27.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fund Ii Foundation has awarded 173 individual grants totaling $220,992,352. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNX - FLAGSHIP INTERNSHIP MATCHING PLATFORM AND CAREER READINESS LEARNING MANAGEMENT SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Smith Director | 1 | $0 | |
Anthony C Spikes Treasurer/director | 2 | $25,000 | |
Dafna Tapiero Secretary/director | 2 | $25,000 | |
A Jeanine Abrams-Mclean PHD Director | 2 | $0 | |
Lori Malcolm Director | 1 | $25,000 | |
Linda Wilson Executive Director | 40 | $261,381 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cinchapi Inc | 11/29/23 | $1,774,171 |
Udemy Inc | 11/29/23 | $225,000 |
Blavity (Afro Tech) | 11/29/23 | $170,000 |
Good Stuff Digital Llc | 11/29/23 | $347,000 |
Callidus Software Inc | 11/29/23 | $168,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,899,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,101,176 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,000 |
| Total Revenue | $14,020,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $540,874 |
| Other employee salaries and wages | $981,665 |
| Pension plans, employee benefits | $115,238 |
| Interest | $0 |
| Taxes | $399,220 |
| Depreciation | $2,216 |
| Occupancy | $67,062 |
| Travel, conferences, and meetings | $1,177,708 |
| Printing and publications | $0 |
| Other expenses | $2,523,846 |
| Total operating and administrative expenses | $10,360,940 |
| Contributions, gifts, grants paid | $5,722,500 |
| Total expenses and disbursements | $16,083,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,958,209 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $653,394 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $198,881 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $125,719,103 |
| Net Land, buildings, and equipment | $7,202 |
| Other assets | $148,179 |
| Total assets | $144,684,968 |
| Accounts payable and accrued expenses | $398,874 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $36,713 |
| Total liabilities | $435,587 |
Grants Awarded
Over the last fiscal year, Fund Ii Foundation has awarded $5,722,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
ABIRAM FRYE PURPOSE: HOMETOWN HEROES AWARD RECIPIENT | $5,000 |
AFRICAN AMERICAN MAYORS ASSOCIATION PURPOSE: SUPPORTING LOCAL LEADERS FOR THE BENEFIT OF THEIR CITIZENS | $20,000 |
AMIGOS DEL YUNQUE INC PURPOSE: SUPPORTING AFROCARIBBEAN HERITAGE PROGRAM | $25,000 |
BLACK IN MARINE SCIENCE PURPOSE: SUPPORTING BLACK MARINE SCIENTISTS AND ENVIRONMENTAL AWARENESS | $1,500 |
CHALLENGES OF THE TWENTY FIRST CENTURY INC PURPOSE: SUPPORTING EDUCATION | $5,000 |
COMMUNITY OF HOPE INC PURPOSE: DOCUMENTARY SCREENING SPONSORSHIP/GENERAL SUPPORT | $10,000 |