Akonadi Foundation
- Assets
- $32.4m
- Revenue
- $4.8m
- Investments
- $29.7m
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 94-3329873
Organization Overview
Akonadi Foundation is located in Oakland, CA. The organization was established in 1999. 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. Akonadi 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 12/2023, Akonadi Foundation generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quinn Delaney Trustee | 25 | $0 | |
Wayne Jordan Sec/trustee | 2 | $0 | |
Lateefah Simon Director | 40 | $0 | |
Rayond Colmenar President | 40 | $429,217 | |
Fatimah Al-Amin Prog. Assist. | 40 | $135,457 | |
Shana Lancaster Proj Coodinator | 40 | $57,692 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Change Consulting | 12/30/23 | $105,000 |
Rbc Dain Rauscher | 12/30/23 | $213,972 |
Be The Change Consulting Llc | 12/30/23 | $65,250 |
Shana Lancaster | 12/30/23 | $63,000 |
Rdp Consulting | 12/30/23 | $138,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,040,520 |
| Interest on Savings | $0 |
| Dividends & Interest | $474,779 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $452,196 |
| Capital Gain Net Income | $2,380,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$158,098 |
| Total Revenue | $4,809,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $523,062 |
| Other employee salaries and wages | $521,550 |
| Pension plans, employee benefits | $182,998 |
| Interest | $0 |
| Taxes | $26,771 |
| Depreciation | $103 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $180,541 |
| Printing and publications | $0 |
| Other expenses | $219,160 |
| Total operating and administrative expenses | $2,273,833 |
| Contributions, gifts, grants paid | $3,036,300 |
| Total expenses and disbursements | $5,310,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $301,358 |
| Savings and temporary cash investments | $1,832,602 |
| Net Accounts receivable | $19,499 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $431,943 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,064 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,727,895 |
| Net Land, buildings, and equipment | $18,269 |
| Other assets | $102,030 |
| Total assets | $32,398,821 |
| Accounts payable and accrued expenses | $14,589 |
| 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 | $93,530 |
| Total liabilities | $108,119 |
Grants Awarded
Over the last fiscal year, Akonadi Foundation has awarded $1,250,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG WOMEN'S FREEEDOM CENTER PURPOSE: PROJECT SUPPORT TO YOUTH LAW CENTER (YLC) WHICH IS A PUBLIC INTEREST LAW FIRM THAT HAS WORKED FOR FOUR DECADES TO TRANSFORM FOSTER CARE AND JUVENILE JUSTICE SYSTEMS ACROSS THE NATION | $600,000 |
MOVEMENT STRATEGY CENTER PURPOSE: GENERAL SUPPORT TO THE BAY AREA JUSTICE FUNDERS NETWORK MEMBERSHIP | $600,000 |
COMMUNITY DEVELOPMENT FINANCE PURPOSE: PROJECT SUPPORT TO TEACHERS ROOTED IN OAKLAND INITIATIVE | $50,000 |