Justfundus
- Assets
- $4.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Oakland, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3759949
Organization Overview
Justfundus is located in Oakland, CA. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Justfundus employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Justfundus 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 12/2022, Justfundus generated $3.6m in total revenue. All expenses for the organization totaled $1.8m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JUSTFUND IS UPENDING PHILANTHROPY BY TRANSFORMING GRANTMAKING. WE MAKE MOVING MONEY TO THE MOVEMENT SIMPLE AND FAST, FREEING YOU UP TO FOCUS ON WHAT YOU DO BEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUSTFUND CONNECTS CHARITABLE GRANTMAKERS WITH SOCIAL JUSTICE NONPROFIT ORGANIZATIONS SEEKING FUNDING. WE DON'T MEASURE SUCCESS BY HOW MANY DOLLARS ARE SITTING IN THE BANK. OUR SIMPLIFIED GRANTMAKING PROCESS AND COMMON PROPOSAL REMOVES TRADITIONAL BOTTLENECKS IN PHILANTHROPY AND PRIORITIZES WHAT MATTERS MOST: GETTING THE MONEY TO THE MOVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Iara Peng CEO & Board Mem | OfficerTrustee | 40 | $215,000 |
Alexis Dorn Product Manager | 40 | $139,269 | |
Melody Lee Managing Director | 40 | $126,250 | |
Shona Chakravartty Sec & Board Mem | OfficerTrustee | 1 | $0 |
Molly Schultz Hafid Treas & Board | OfficerTrustee | 1 | $0 |
Steve Phillips Oakland | OfficerTrustee | 1 | $0 |
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 | $2,583,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,583,019 |
| Total Program Service Revenue | $1,042,412 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$56,620 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,578,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $540,007 |
| 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. | $215,000 |
| Compensation of current officers, directors, key employees. | $41,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,157 |
| Payroll taxes | $50,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,707 |
| Fees for services: Accounting | $9,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,588 |
| Advertising and promotion | $1,703 |
| Office expenses | $11,425 |
| Information technology | $13,829 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $37,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,399 |
| Insurance | $5,219 |
| All other expenses | $0 |
| Total functional expenses | $1,840,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,411,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $964,890 |
| 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 | $8,993 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $717,836 |
| Other assets | $10 |
| Total assets | $4,102,967 |
| Accounts payable and accrued expenses | $83,350 |
| Grants payable | $0 |
| Deferred revenue | $186,137 |
| 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 | $30,477 |
| Total liabilities | $299,964 |
| Net assets without donor restrictions | $3,129,799 |
| Net assets with donor restrictions | $673,204 |
| 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 | $4,102,967 |