Funders For Lesbian And Gay Issues Inc
- Assets
- $4.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 13-4144494
Organization Overview
Funders For Lesbian And Gay Issues Inc, operating under the name Funders For Lgbtq Issues, is located in New York, NY. The organization was established in 2001. 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 12/2023, Funders For Lgbtq Issues employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Funders For Lgbtq Issues 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, Funders For Lgbtq Issues generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 12.4% per year over the past 8 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 2016, Funders For Lgbtq Issues has awarded 123 individual grants totaling $5,829,550. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FUNDERS FOR LGBTQ ISSUES EDUCATES AND ORGANIZES FUNDERS AND SUPPORTS POWER-BUILDING TO CREATE AN ABUNDANCE OF RESOURCES FOR THE JUSTICE AND LIBERATION OF ALL QUEER COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENING, TRAINING, & RESEARCH: FUNDERS FOR LGBTQ ISSUES PROVIDES CONVENINGS, TRAININGS, AND RESEARCH TO EDUCATE FUNDERS ABOUT THE NEEDS OF LESBIAN, GAY, BISEXUAL, AND TRANSGENDER COMMUNITIES. CONVENINGS INCLUDE THE ANNUAL FUNDING FORWARD CONFERENCE TO HELP FUNDERS MAXIMIZE THE IMPACT OF THEIR GRANTMAKING IN LGBT COMMUNITIES. FUNDERS FOR LGBTQ ISSUES ALSO PROVIDED CONVENINGS AND TRAININGS ON LGBTQ ISSUES FOR MORE THAN 100 FOUNDATION STAFF AND TRUSTEES.
OUT IN THE SOUTH: THE OUT IN THE SOUTH INITIATIVE SEEKS TO INCREASE THE SCALE AND IMPACT OF FOUNDATION FUNDING FOR LGBTQ COMMUNITIES IN THE U.S. SOUTH. THE INITIATIVE RAISES AWARENESS ABOUT THE UNIQUE NEEDS AND ASSETS OF SOUTHERN LGBTQ COMMUNITIES AND PROVIDES SUPPORT FOR LGBTQ PHILANTHROPIC FUNDS BASED IN THE SOUTH. IN 2023, THE INITIATIVE AWARDED $882,500 IN PLANNING GRANTS AND MATCHING GRANTS TO HELP STRENGTHEN 13 LGBTQ FUNDS ACROSS THE REGION.
GRANTMAKERS UNITED FOR TRANS COMMUNITIES (GUTC): THE GUTC INITIATIVE AIMS TO INSPIRE A PHILANTHROPIC CULTURE THAT IS INCLUSIVE AND SUPPORTIVE OF TRANSGENDER PEOPLE IN BOTH GRANTMAKING AND DECISION-MAKING. IN 2023, THE INITIATIVE OFFERED THE GUTC LEADERSHIP FELLOWSHIP, PROVIDING SIX TRANSGENDER AND NON-BINARY PROFESSIONALS IN PHILANTHROPY WITH SUPPORT, PEER NETWORKING, AND PROFESSIONAL DEVELOPMENT ACTIVITIES. WE CURRENTLY HAVE 25 GRADUATES OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aldito Gallardo Board Member | Trustee | 1 | $0 |
Ana Conner Board Member | Trustee | 1 | $0 |
Bre Rivera Board Member | Trustee | 1 | $0 |
Cathy Kapua Board Member | Trustee | 1 | $0 |
Cynthia Renfro Vice Chair | OfficerTrustee | 1 | $0 |
Desiree Flores Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $631,885 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,275,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,907,342 |
| Total Program Service Revenue | $191,500 |
| Investment income | $107,341 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$139,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,067,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $882,500 |
| 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. | $436,666 |
| Compensation of current officers, directors, key employees. | $50,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,081,476 |
| Pension plan accruals and contributions | $44,224 |
| Other employee benefits | $217,444 |
| Payroll taxes | $112,117 |
| Fees for services: Management | $865,031 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,351 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $94,132 |
| Information technology | $8,229 |
| Royalties | $0 |
| Occupancy | $19,830 |
| Travel | $387,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400,901 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $30,487 |
| Total functional expenses | $4,653,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,893 |
| Savings and temporary cash investments | $291,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $476,950 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,900,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,736 |
| Total assets | $4,754,327 |
| Accounts payable and accrued expenses | $265,537 |
| Grants payable | $0 |
| 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 | $180,000 |
| Total liabilities | $445,537 |
| Net assets without donor restrictions | $3,421,956 |
| Net assets with donor restrictions | $886,834 |
| 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 | $4,754,327 |
Grants Awarded
Over the last fiscal year, Funders For Lesbian And Gay Issues Inc has awarded $882,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALTERNATE ROOTS PURPOSE: SOUTHERN RE-GRANTING PROJECT | $50,000 |
BLACK BELT COMMUNITY FOUNDATION PURPOSE: SOUTHERN RE-GRANTING PROJECT | $32,500 |
COMMUNITY FOUNDATION FOR GREATER BIRMINGHAM PURPOSE: SOUTHERN RE-GRANTING PROJECT | $95,000 |
COMMUNITY FOUNDATION FOR MISSISSIPPI PURPOSE: SOUTHERN RE-GRANTING PROJECT | $65,000 |
CAMPAIGN FOR SOUTHERN EQUALITY PURPOSE: SOUTHERN RE-GRANTING PROJECT | $155,000 |
EAGLE MARKET DEVELOPMENT CORP PURPOSE: SOUTHERN RE-GRANTING PROJECT | $32,500 |