Growth Philanthropy Network Inc
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 42-1625224
Organization Overview
Growth Philanthropy Network Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Growth Philanthropy Network Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growth Philanthropy Network 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 12/2022, Growth Philanthropy Network Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GROWTH PHILANTHROPY NETWORK'S MISSION IS TO HELP CATALYZE AND DRIVE EQUITABLY SYSTEMS CHANGE AND ADVANCE RACIAL EQUITY IN ORDER FOR ALL PEOPLE TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, GPN CONTINUED TO DEVELOP THE SOCIAL IMPACT EXCHANGE ("THE EXCHANGE"), A CROSS-SECTOR MEMBERSHIP FORUM FOR SHARING KNOWLEDGE AND INCREASING INVESTMENT IN SCALING THE IMPACT OF EFFECTIVE SOCIAL PROGRAMS AND SOLUTONS AND ACHIEVING THE SYSTEMS CHANGE. THE EXCHANGE SERVES AS BOTH AN ONLINE AND IN-PERSON GATHERING PLACE FOR THOSE WHO ARE INTERESTED IN LEARNING ABOUT IMPLEMENTING AND FUNDING LARGE SCALE COLLABORATIONS THAT LEAD TO SYSTEMIC CHANGE. SPECIFIC INITIATIVES WITHIN THE EXCHANGE INCLUDE AN ANNUAL CONFERENCE ON SCALING WORKING GROUPS THAT FOCUS ON SYSTEMS CHANGE AND A LEARNING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Rossides President | OfficerTrustee | 40 | $225,802 |
Nathaniel Harding Senior Manag | 40 | $123,125 | |
Antoinette La Belle Director | Trustee | 1 | $0 |
Christopher Langston Director | Trustee | 1 | $0 |
Rob Densen Director | Trustee | 1 | $0 |
Paul Gilbert Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Madison & Park Hospitality Group Consultant | 12/30/19 | $130,776 |
Vibrancy Inc Llc Consultant | 12/30/19 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,345,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,380,250 |
| Total Program Service Revenue | $0 |
| Investment income | $18,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,399,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $475,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,903 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $81,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $238,984 |
| Advertising and promotion | $0 |
| Office expenses | $1,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,792 |
| All other expenses | $33 |
| Total functional expenses | $1,305,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,788 |
| Savings and temporary cash investments | $1,224,288 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,284,076 |
| Accounts payable and accrued expenses | $42,578 |
| 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 | $0 |
| Total liabilities | $42,578 |
| Net assets without donor restrictions | $1,241,498 |
| Net assets with donor restrictions | $0 |
| 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 | $1,284,076 |
Grants Awarded
Over the last fiscal year, Growth Philanthropy Network Inc has awarded $475,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY PARTNERS PURPOSE: SUPPORT CACHI | $375,000 |
FANNIE E RIPPEL FOUNDATION PURPOSE: SUPPORT FORESIGHT IN | $100,000 |