Confluence Philanthropy Inc
- Assets
- $2.5m
- Revenue
- $2.6m
- Investments
- $175.4k
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/2011
- Data as of
- 06/2021
- EIN
- 27-3018135
Organization Overview
Confluence Philanthropy Inc is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Confluence Philanthropy Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Confluence Philanthropy 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, Confluence Philanthropy Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 12.1% 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
CONFLUENCE PHILANTHROPY'S MISSION IS TO TRANSFORM THE PRACTICE OF INVESTING BY ALIGNING CAPITAL WITH OUR COMMUNITY'S VALUES OF SUSTAINABILITY, EQUITY, AND JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE MISSION RELATED INVESTING AMONG CHARITABLE FOUNDATIONS AND NON-PROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Lanza CEO Secretary | OfficerTrustee | 40 | $190,589 |
David Estrada Managing Director | 40 | $142,344 | |
Stacey Faella Audit Committee Chair | OfficerTrustee | 0.5 | $0 |
Ivan Frishberg Vice Chair | OfficerTrustee | 0.5 | $0 |
Dan Chu Board Chair | OfficerTrustee | 0.5 | $0 |
Kathleen Simpson Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $827,750 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,479,626 |
| Noncash contributions included in lines 1a–1f | $5,137 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,307,376 |
| Total Program Service Revenue | $303,603 |
| Investment income | $965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,784 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,622,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $223,738 |
| Compensation of current officers, directors, key employees. | $21,944 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,327 |
| Payroll taxes | $47,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,134 |
| Fees for services: Accounting | $144,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $405,181 |
| Advertising and promotion | $0 |
| Office expenses | $11,419 |
| Information technology | $36,415 |
| Royalties | $0 |
| Occupancy | $83,164 |
| Travel | $2,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,231 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,490,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,618,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $645,883 |
| 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 | $9,138 |
| Net Land, buildings, and equipment | $6,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $175,440 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,455,655 |
| Accounts payable and accrued expenses | $171,760 |
| 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 | $149,797 |
| Other liabilities | $750 |
| Total liabilities | $322,307 |
| Net assets without donor restrictions | $1,794,870 |
| Net assets with donor restrictions | $338,478 |
| 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 | $2,455,655 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Confluence Philanthropy Inc has recieved totaling $343,590.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $50,000 |
Impactassets Inc Bethesda, MD PURPOSE: TO HELP MEET A CHALLENGE GRANT FOR PROVIDING CAPACITY SUPPORT | $50,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR ITS RACIAL EQUITY INVESTING COALITION STRATEGIC PLANNING PROCESS AND THE CREATION OF A COLLECTIVE STRATEGY WITH SEVEN OTHER LEADING INVESTOR NETWORKS TO ADVANCE RACIAL EQUITY ACROSS THE VALUES-ALIGNED INVESTING INDUSTRY | $50,000 |
Wallace Global Fund Ii Washington, DC PURPOSE: GRANT- YEAR 2 OF 3-YEAR GRANT CAPACITY CAMPAIGN 2020 | $33,000 |
Joshua Mailman Foundation New York, NY PURPOSE: UNRESTRICTED CHARITIBLE PURPOSE | $30,000 |
Rockefeller Brothers Fund Inc New York, NY PURPOSE: FOR ITS RACIAL EQUITY INVESTING COALITION STRATEGIC PLANNING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bread & Roses Community Fund Philadelphia, PA | $8,957,531 | $3,374,785 |
Imamia Medics International Inc Princeton, NJ | $2,935,135 | $3,395,301 |
Center For Discovery Magnet Services Corporation Harris, NY | $189,155 | $1,104,606 |
Confluence Philanthropy Inc New York, NY | $2,455,655 | $2,622,242 |
Edward And Mary Lord Foundation North Franklin, CT | $19,072,145 | $1,295,529 |
Fk Charitable Foundation Highland Mills, NY | $389,031 | $0 |
Jewish Community Properties Inc Cherry Hill, NJ | $10,959,629 | $182,673 |
Ugc Foundation Inc New Rochelle, NY | $4,768,783 | $576,034 |
M66 Foundation Inc New York, NY | $2,428,424 | $272,743 |
F Y Eye Inc New York, NY | $2,448,782 | $513,615 |
Soldier On Development & Management Company Inc Pittsfield, MA | $435,591 | $411,238 |
Backpacks For Life Inc Jersey City, NJ | $420,764 | $332,260 |