Thousand Currents
- Assets
- $18.2m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 22
- Location
- San Francisco, CA
- Founding
- 11/1985
- Data as of
- 06/2021
- EIN
- 77-0071852
Organization Overview
Thousand Currents is located in San Francisco, CA. The organization was established in 1985. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Thousand Currents employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thousand Currents 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 06/2021, Thousand Currents generated $15.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $80.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thousand Currents has awarded 50 individual grants totaling $74,478,066. 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
WE FUND, CONNECT, AND WALK ALONGSIDE GRASSROOTS GROUPS TRANSFORMING THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OOVER THE PAST 35 YEARS OF GRANTMAKING, THOUSAND CURRENTS HAS INVESTED IN OVER 1,000 COMMUNITY-LED INITIATIVES IN 40 COUNTRIES. TODAY, WE ARE EXCHANGING GRASSROOTS BRILLIANCE FOR LASTING AND TRANSFORMATIVE CHANGE, REACHING OVER 200 MILLION WOMEN, SMALL FARMERS, INDIGENOUS PEOPLES, URBAN AND PERI-URBAN RESIDENTS, AND YOUTH THROUGH OUR GRANTMAKING PROGRAM. WE PARTNER WITH GRASSROOTS ORGANIZATIONS AND MOVEMENTS LED BY WOMEN, YOUTH, AND INDIGENOUS PEOPLE IN THE GLOBAL SOUTH THAT ARE CREATING LASTING SOLUTIONS TO OUR SHARED GLOBAL CHALLENGES. WE SELECT PARTNERS THAT WORK ON THE INTERDEPENDENT ISSUES OF FOOD SOVEREIGNTY, ALTERNATIVE ECONOMIES, AND CLIMATE JUSTICE. THROUGH OUR PHILANTHROPIC PARTNERSHIPS PROGRAM, WE WORK WITH DONORS TO ADOPT TRANSFORMATIVE PRACTICES THAT CAN DISMANTLE INJUSTICE AND INEQUITY. WE ARE A VOCAL AND VISIBLE ADVOCATE FOR GRASSROOTS-LED SOCIAL CHANGE, BRIDGING EMERGING APPROACHES AND LEARNINGS FROM THE GLOBAL SOUTH WITH PHILANTHROPIC MODELS AND PRACTICES IN THE GLOBAL NORTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Solome Lemma Executive Director | Officer | 38 | $143,072 |
Jenesha DE Rivera Director Of Finance | Officer | 38 | $108,662 |
Gregory Hodge Vice Chair | OfficerTrustee | 2 | $0 |
Fahad Ahmad Treasurer | OfficerTrustee | 2 | $0 |
Shilpa Alimchandani Secretary | OfficerTrustee | 2 | $0 |
Nwamaka Agbo Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $132,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,447,543 |
| Noncash contributions included in lines 1a–1f | $151,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,580,515 |
| Total Program Service Revenue | $180,252 |
| Investment income | $74,838 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $367,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,204,408 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,759,087 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,024,975 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $358,316 |
| Compensation of current officers, directors, key employees. | $92,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,385,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $212,985 |
| Payroll taxes | $136,518 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,183 |
| Fees for services: Accounting | $94,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,687 |
| Fees for services: Other | $1,106,438 |
| Advertising and promotion | $0 |
| Office expenses | $22,118 |
| Information technology | $119,717 |
| Royalties | $0 |
| Occupancy | $76,849 |
| Travel | $5,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,673 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $724 |
| Insurance | $16,534 |
| All other expenses | $0 |
| Total functional expenses | $80,529,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,494,303 |
| Savings and temporary cash investments | $258,172 |
| Pledges and grants receivable | $1,754,121 |
| Accounts receivable, net | $42,918 |
| 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 | $25,420 |
| Net Land, buildings, and equipment | $2,893 |
| Investments—publicly traded securities | $2,625,448 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,300 |
| Total assets | $18,209,575 |
| Accounts payable and accrued expenses | $263,375 |
| Grants payable | $420,386 |
| Deferred revenue | $53,750 |
| 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 | $308,300 |
| Total liabilities | $1,045,811 |
| Net assets without donor restrictions | $12,480,311 |
| Net assets with donor restrictions | $4,683,453 |
| 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 | $18,209,575 |
Grants Awarded
Over the last fiscal year, Thousand Currents has awarded $71,759,086 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: PROGRAM SUPPORT | $69,164,086 |
Boston, MA PURPOSE: PROGRAM SUPPORT | $600,000 |
Boulder, CO PURPOSE: PROGRAM SUPPORT | $600,000 |
Alameda, CA PURPOSE: PROGRAM SUPPORT | $600,000 |
Brooklyn, NY PURPOSE: PROGRAM SUPPORT | $250,000 |
Tucson, AZ PURPOSE: PROGRAM SUPPORT | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 43 grants that Thousand Currents has recieved totaling $5,524,899.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $1,487,100 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $660,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $610,000 |
Climateworks Foundation San Francisco, CA PURPOSE: PROJECT SUPPORT; PROGRAM SUPPORT | $502,500 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE CLIMA FUND, A FISCALLY-SPONSORED PROJECT OF THE GRANTEE, TO ENHANCE AND CAPACITATE INDIGENOUS PEOPLE, WOMEN, YOUTH AND SMALLHOLDER FARMERS TO FIND CLIMATE SOLUTIONS | $500,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE CLIMA FUND, A FISCALLY-SPONSORED PROJECT OF THE GRANTEE, TO SUPPORT CLIMATE JUSTICE MOVEMENTS AND PROVIDE GRASSROOTS SOLUTIONS TO THE CLIMATE CRISIS | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Foundation San Francisco, CA | $76,412,898 | $96,548,436 |
Thousand Currents San Francisco, CA | $18,209,575 | $15,204,408 |
Medical Teams International Tigard, OR | $43,129,775 | $57,004,022 |
Living Goods Oakland, CA | $25,335,492 | $27,387,443 |
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |