North Star Fund Inc is located in New York, NY. The organization was established in 1978. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, North Star Fund Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Star Fund Inc 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, North Star Fund Inc generated $32.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $18.5m during the year ending 06/2021. While expenses have increased by 21.2% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTH STAR FUND, INC. (NORTH STAR FUND) IS A SOCIAL JUSTICE FOUNDATION THAT SUPPORTS GRASSROOTS ORGANIZING LED BY COMMUNITIES OF COLOR BUILDING POWER IN NEW YORK CITY AND THE HUDSON VALLEY. THE FOUNDATION ORGANIZES PEOPLE ACROSS RACE AND CLASS TO GIVE IN SUPPORT OF THESE MOVEMENTS. SINCE 1979, IT HAS DISTRIBUTED MORE THAN $65 MILLION TO OVER 2,100 GROUPS PROVIDING VISIONARY LEADERSHIP ON TIMELY ISSUES FACING NEW YORK. NORTH STAR FUND ENVISIONS A WORLD IN WHICH RESOURCES AND POWER ARE EQUITABLY SHARED, AND A FUTURE WHERE EVERYONE CAN LIVE WITH DIGNITY AND THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH STAR FUND OPERATES ADMINISTRATIVE OFFICES IN NEW YORK, NEW YORK. IT IS SUPPORTED PRIMARILY THROUGH CONTRIBUTIONS AND INVESTMENT INCOME. THE FOUNDATIONS WORK IS DIVIDED INTO FOUR AREAS: (1) NORTH STAR FUND GIVES GRANTS THROUGH A PROCESS THAT SHIFTS DECISION-MAKING POWER TO COMMUNITIES FIGHTING FOR JUSTICE. COMMUNITY ORGANIZERSINCLUDING FORMER AND CURRENT GRANTEESCOLLECTIVELY MAKE THE ORGANIZATIONS FUNDING DECISIONS AND PARTICIPATE IN ITS GOVERNANCE. NORTH STAR FUND OPERATES COMMUNITY ACTIVIST-LED GRANTMAKING COMMITTEES SERVING NEW YORK CITY AND THE HUDSON VALLEY, AS WELL AS A COMMITTEE FOR THE LET US BREATHE FUND, WHICH SUPPORTS BLACK-LED ORGANIZING IN THE REGION.(2) NORTH STAR FUND STRENGTHENS THE LEADERSHIP OF GRASSROOTS ORGANIZERS. IT SUPPORTS NEW AND EMERGING LEADERS AND IS OFTEN THE FIRST FOUNDATION TO FUND NEW ORGANIZATIONS OR CAMPAIGNS. THE FOUNDATION CONTRIBUTES TO THE SOCIAL CHANGE ECOSYSTEM BY PROVIDING CAPACITY-BUILDING AND LEADERSHIP PROGRAMS TO ORGANIZATIONS LED BY COMMUNITIES IMPACTED BY INJUSTICE.(3) NORTH STAR FUND ORGANIZES PEOPLE ACROSS RACE AND CLASS TO MOBILIZE RESOURCES TOWARDS SOCIAL JUSTICE MOVEMENTS. THE FOUNDATION OFFERS PROGRAMS THAT BRING EXPERIENCED ORGANIZERS AND SUPPORTERS TOGETHER TO RECOGNIZE THE SHARED STAKE WE HAVE IN DISMANTLING WHITE SUPREMACY AND STRUCTURAL SYSTEMS OF OPPRESSION. IT CREATES OPPORTUNITIES FOR PEOPLE TO MOVE MONEY AND TO TAKE COLLECTIVE ACTION TOWARDS BUILDING A DIFFERENT FUTURE. THE FOUNDATION HOSTS PROGRAMS FOR PEOPLE AND INSTITUTIONS INTERESTED IN GIVING TOWARDS SOCIAL JUSTICE MOVEMENTS, INCLUDING OPERATING DONOR-ADVISED FUNDS, PHILANTHROPIC PLANNING, AND EDUCATIONAL PROGRAMS. (4) NORTH STAR FUND CHALLENGES THE ENTRENCHED RACISM AND POWER IMBALANCES IN PHILANTHROPY. IT WORKS ACROSS THE FIELD OF PHILANTHROPYWHERE LESS THAN 10% OF ALL DOLLARS GO TO COMMUNITIES OF COLORTO INCREASE FUNDING FOR SOCIAL JUSTICE MOVEMENTS AND TO BUILD GREATER ACCOUNTABILITY, TRANSPARENCY, AND ACCESSIBILITY. DURING THE FISCAL YEAR ENDING JUNE 30, 2012, NORTH STAR FUND BECAME THE FISCAL SPONSOR FOR THE COMMUNITIES UNITED FOR POLICE REFORM (CPR) CAMPAIGN. CPR BRINGS TOGETHER A DIVERSE ARRAY OF CURRENT AND FORMER NORTH STAR FUND GRANTEES IN A MULTI-YEAR CAMPAIGN TO END DISCRIMINATORY POLICING PRACTICES IN NEW YORK. IT BUILDS ON THE STRENGTH OF A DIVERSE COALITION OF COMMUNITY MEMBERS, LAWYERS, RESEARCHERS AND ACTIVISTS TO WORK FOR COMMUNITY ALTERNATIVES TO TOP DOWN POLICING AND FOR RESTORATIVE CRIMINAL JUSTICE. AS THE FISCAL SPONSOR, NORTH STAR FUND PROVIDES A WAY FOR INTERESTED DONORS TO PROVIDE TAX DEDUCTIBLE SUPPORT TO THE CAMPAIGN, CHARITABLE COMPLIANCE, AND ADMINISTRATIVE AND FINANCIAL SUPPORT. DURING THE FISCAL YEAR ENDING JUNE 30, 2020, NORTH STAR FUND ENTERED INTO A PARTNERSHIP WITH AMALGAMATED FOUNDATION WHERE NORTH STAR FUND DONORS CAN UTILIZE A PLATFORM FOR DONOR-ADVISED FUNDS OPERATED BY AMALGAMATED FOUNDATION. THIS PARTNERSHIP ALLOWS NORTH STAR FUND DONORS TO ACCESS, MONITOR AND MAKE GIVING DECISIONS ON-LINE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jennifer Ching Executive Dir. | OfficerTrustee | 32 | $168,144 |
Elz Cuya Jones Deputy Director | Officer | 32 | $113,630 |
Ivan Rosales Finance Dir. | Officer | 32 | $66,927 |
Pierre Hauser Vice Chair | OfficerTrustee | 1 | $0 |
Natahs Pallan Treasurer | OfficerTrustee | 1 | $0 |
Michael Waterman Secretary | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $552,751 |
Related organizations | $0 |
Government grants | $287,600 |
All other contributions, gifts, grants, and similar amounts not included above | $30,906,296 |
Noncash contributions included in lines 1a–1f | $2,741,990 |
Total Revenue from Contributions, Gifts, Grants & Similar | $31,746,647 |
Total Program Service Revenue | $447,277 |
Investment income | $50,529 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $21,245 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $32,265,698 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $14,581,684 |
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. | $477,683 |
Compensation of current officers, directors, key employees. | $156,020 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $835,980 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $263,511 |
Payroll taxes | $96,176 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $16,502 |
Advertising and promotion | $16,190 |
Office expenses | $150,403 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $260,363 |
Travel | $1,431 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,365 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $44,719 |
Insurance | $9,559 |
All other expenses | $125,517 |
Total functional expenses | $18,461,760 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $12,645,578 |
Savings and temporary cash investments | $8,448,828 |
Pledges and grants receivable | $2,315,994 |
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 | $70,587 |
Net Land, buildings, and equipment | $153,256 |
Investments—publicly traded securities | $3,159,567 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $38,165 |
Total assets | $26,831,975 |
Accounts payable and accrued expenses | $137,203 |
Grants payable | $1,140,000 |
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 | $119,766 |
Total liabilities | $1,396,969 |
Net assets without donor restrictions | $9,057,468 |
Net assets with donor restrictions | $16,377,538 |
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 | $26,831,975 |
Over the last fiscal year, we have identified 1 grants that North Star Fund Inc has recieved totaling $28,000.
Awarding Organization | Amount |
---|---|
Ggm Tr Harrisville, NH PURPOSE: GENERAL PURPOSE | $28,000 |
Beg. Balance | $2,641,541 |
Earnings | $416,155 |
Ending Balance | $3,057,696 |
Organization Name | Assets | Revenue |
---|---|---|
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |
Jewish Federation Of Southern New Jersey Cherry Hill, NJ | $14,483,515 | $34,407,041 |
United Way Of The Greater Lehigh Valley Allentown, PA | $15,393,137 | $25,966,681 |