Astraea Foundation Inc
- Assets
- $34.7m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 50
- Location
- New York, NY
- Founding
- 09/1979
- Data as of
- 06/2021
- EIN
- 13-2992977
Organization Overview
Astraea Foundation Inc, operating under the name Astraea Lesbian Foundation For Justice, is located in New York, NY. The organization was established in 1979. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2021, Astraea Lesbian Foundation For Justice employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Astraea Lesbian Foundation For Justice 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, Astraea Lesbian Foundation For Justice generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $13.2m during the year ending 06/2021. While expenses have increased by 12.5% per year over the past 5 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.
Since 2018, Astraea Lesbian Foundation For Justice has awarded 420 individual grants totaling $15,013,097. 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
SEE PART III, LINE I.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS THE FIRST GRANTMAKER TO MANY GRASSROOTS LBTQI GROUPS, ASTRAEA PLAYS A CATALYTIC ROLE SUPPORTING LBTQI ACTIVISM ACROSS THE GLOBE. VIA GRANTMAKING, CAPACITY BUILDING, PHILANTHROPIC ADVOCACY AND COMMUNICATION, ASTRAEA SUPPORTS LBQ, TRANS AND INTERSEX-LED ORGANIZATIONS TO CHALLENGE OPPRESSION AND ADVANCE GENDER, RACIAL AND ECONOMIC JUSTICE.
INTERNATIONAL TRANS FUND: A SPONSORED PROJECT OF ASTRAEA WAS CREATED IN 2015 WITH A MISSION TO MOBILIZE SUSTAINABLE RESOURCES FOR STRONG, TRANS-LED MOVEMENTS AND COLLECTIVE ACTION, AND TO ADDRESS AND ELIMINATE FUNDING GAPS IMPACTING TRANS GROUPS ACROSS THE GLOBE. INTERNATIONAL TRANS FUND AIMS TO INCREASE THE CAPACITY OF TRANS MOVEMENTS TO SELF ORGANIZE AND ADVOCATE FOR TRANS PEOPLE'S RIGHTS, SELF-DETERMINATION AND WELLBEING.
THE PIPELINE PROJECT: A SPONSORED PROJECT OF ASTRAEA IS A RECRUITMENT, RETENTION AND LEADERSHIP ADVANCEMENT INITIATIVE. THE INITIATIVE'S GOALS ARE TO PRODUCE PROGRAMS AND ENGAGE IN ACTIVITIES THAT TOGETHER REPRESENT A LONG-TERM EFFORT TO INCREASE THE NUMBER OF PEOPLE OF COLOR WORKING WITHIN THE NATION'S LGBT RIGHTS, SERVICE AND ADVOCACY SECTOR, AND ULTIMATELY INCREASE THE LEVEL OF DIVERSITY IN THE LEADERSHIP OF OUR MOVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry-Jo Ford Lyn Deputy Director | Officer | 35 | $208,889 |
Douglas Black VP Finance | Officer | 35 | $175,618 |
Sarah Gunther Sr Dir., Philanthropic Partnerships | 35 | $137,343 | |
Kerry Ashforth Director Of Strategic Initiatives | 35 | $136,270 | |
Mariam Gagoshashvili Associate Director | 35 | $129,469 | |
Joy A Michael Controller | 35 | $118,654 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Broden Giambrone International Trans Fund Director | 6/29/21 | $110,844 |
Rashaunda Allen Hr Support | 6/29/21 | $114,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,350 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,057,588 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,215,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,308,683 |
| Total Program Service Revenue | $180,043 |
| Investment income | $191,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $640,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,327,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,894,289 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,308,317 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $385,057 |
| Compensation of current officers, directors, key employees. | $47,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,730,470 |
| Pension plan accruals and contributions | $43,674 |
| Other employee benefits | $379,355 |
| Payroll taxes | $206,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,324 |
| Fees for services: Accounting | $38,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,441 |
| Fees for services: Other | $1,658,470 |
| Advertising and promotion | $34,042 |
| Office expenses | $103,464 |
| Information technology | $228,836 |
| Royalties | $0 |
| Occupancy | $261,995 |
| Travel | $19,676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,696 |
| Interest | $10,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,436 |
| Insurance | $7,352 |
| All other expenses | $199,224 |
| Total functional expenses | $13,227,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,154 |
| Savings and temporary cash investments | $1,809,325 |
| Pledges and grants receivable | $8,378,135 |
| Accounts receivable, net | $36,921 |
| 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 | $692,842 |
| Net Land, buildings, and equipment | $121,167 |
| Investments—publicly traded securities | $23,592,644 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,888 |
| Total assets | $34,728,076 |
| Accounts payable and accrued expenses | $515,698 |
| Grants payable | $3,182,706 |
| Deferred revenue | $143,780 |
| 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 | $145,583 |
| Unsecured mortgages and notes payable | $617,468 |
| Other liabilities | $69,533 |
| Total liabilities | $4,674,768 |
| Net assets without donor restrictions | $3,739,491 |
| Net assets with donor restrictions | $26,313,817 |
| 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 | $34,728,076 |
Grants Awarded
Over the last fiscal year, Astraea Foundation Inc has awarded $567,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $30,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $30,000 |
Carrollton, TX PURPOSE: GENERAL SUPPORT | $30,000 |
ARIANNA'S CENTER PURPOSE: GENERAL SUPPORT | $30,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $30,000 |
Phoenix, AZ PURPOSE: GENERAL SUPPORT | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that Astraea Foundation Inc has recieved totaling $5,106,868.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR GRANTMAKING, CAPACITY BUILDING, AND OTHER WORK IN THE AMERICAS, THE CARIBBEAN, AFRICA, EUROPE, CENTRAL ASIA, OCEANIA, AND PARTS OF SOUTHEAST ASIA, AND CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING | $1,150,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $852,000 |
Arcus Foundation New York, NY PURPOSE: SUPPORT FOR THE SAFETY, JUSTICE & PROTECTIONS FOR LGBTQI CARIBBEAN PEOPLE PROJECT, FUNDING MOVEMENTS THROUGHOUT THE REGION | $666,000 |
Foundation For A Just Society New York, NY PURPOSE: TO SUPPORT THE LGBTQ RACIAL JUSTICE FUND | $500,000 |
Foundation For A Just Society New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $350,000 |
The Schmidt Family Foundation Palo Alto, CA PURPOSE: PROTECTING HUMAN RIGHTS IN AFRICA | $150,000 |
Endowment Analysis
| Beg. Balance | $5,117,367 |
| Earnings | $1,626,302 |
| Admin Expense | $111,643 |
| Ending Balance | $6,632,026 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Astraea Foundation Inc New York, NY | $34,728,076 | $21,327,724 |
Glbtq Legal Advocates & Defenders Inc Boston, MA | $5,851,942 | $5,190,845 |
Keshet Inc Boston, MA | $6,064,151 | $4,117,048 |
North Central District Aids Coalition Incorporated Mill Hall, PA | $1,045,476 | $3,336,284 |
Funders For Lesbian And Gay Issues Inc New York, NY | $6,232,846 | $6,714,724 |
True Colors United Inc New York, NY | $3,413,319 | $3,601,465 |
Transgender Legal Defense And Education Fund Inc New York, NY | $2,092,096 | $2,457,191 |
Long Island Gay And Lesbian Youth Inc Hauppauge, NY | $3,176,182 | $1,978,648 |
Immigration Equality Brooklyn, NY | $1,602,488 | $2,381,550 |
In Our Own Voices Inc Albany, NY | $1,326,658 | $1,552,338 |
Men Having Babies Inc Riverdale, NY | $1,545,445 | $1,395,174 |
Brooklyn Community Pride Center Inc Brooklyn, NY | $942,607 | $1,083,366 |