The Funders Network Inc
- Assets
- $5.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Coral Gables, FL
- Founding
- 04/2004
- Data as of
- 06/2024
- EIN
- 57-1173613
Organization Overview
The Funders Network Inc is located in Coral Gables, FL. The organization was established in 2004. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 06/2024, Funders Network Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Funders 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 06/2024, Funders Network Inc generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Funders Network Inc has awarded 318 individual grants totaling $14,188,609. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TFN'S MISSION IS TO LEVERAGE PHILANTHROPY'S UNIQUE POTENTIAL TO HELP CREATE COMMUNITIES AND REGIONS THAT ARE SUSTAINABLE, PROSPEROUS AND JUST FOR ALL PEOPLE. TFN IS COMMITTED TO HELPING FUNDERS UNDERSTAND AND ADDRESS RACISM, ECONOMIC INEQUALITY, AND THE IMBALANCE OF POWER - WHILE ENGENDERING COMMUNITY-DRIVEN SOLUTIONS AND AMPLIFYING THE EXPERTISE AND EXPERIENCES OF THOSE COMMUNITIES WHO ARE LEAST HEARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES SERVICES TO A RANGE OF MEMBERS AND OTHER PHILANTHROPIC ORGANIZATIONS TO HELP CREATE COMMUNITIES AND REGIONS THAT ARE SUSTAINABLE, PROSPEROUS, HEALTHY AND JUST FOR ALL PEOPLE BY 1) COORDINATING FUNDER EDUCATION AND INFORMATION SHARING; 2) PROVIDING OPPORTUNITIES FOR FUNDERS TO DEEPEN PROFESSIONAL RELATIONSHIPS, HONE THEIR LEADERSHIP SKILLS AND EXPAND THEIR IMPACT AS GRANTMAKERS; 3) HELPING ALIGN AGENDAS, EFFORTS AND INTERESTS, AS WELL AS FACILITATING STRATEGIC INITIATIVES AND COLLABORATIONS TO ADVANCE PROGRESS TOWARDS DESIRED OUTCOMES; AND 4) CULTIVATING EMERGING FUNDER INTEREST AND NEW OPPORTUNITIES FOR FUNDER ENGAGEMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Hickman Chairperson | OfficerTrustee | 1 | $0 |
Sheena Solomon Chair&vice-C | OfficerTrustee | 1 | $0 |
Surabhi Pandit Vice-Chairpe | Trustee | 1 | $0 |
Karla Twedt-Ball Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Love Secretary | OfficerTrustee | 1 | $0 |
Isabel Barrios Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ron Milam Consulting | 6/29/19 | $132,000 |
Sutherland & Associates Llc Consulting | 6/29/19 | $127,031 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,982,804 |
| Noncash contributions included in lines 1a–1f | $750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,982,804 |
| Total Program Service Revenue | $344,282 |
| Investment income | $41,443 |
| 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 | $4,368,529 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,540,040 |
| 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. | $331,863 |
| Compensation of current officers, directors, key employees. | $46,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,257,696 |
| Pension plan accruals and contributions | $59,735 |
| Other employee benefits | $372,849 |
| Payroll taxes | $120,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $737,177 |
| Advertising and promotion | $0 |
| Office expenses | $31,490 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,915 |
| Travel | $86,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $293,411 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,964,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,606 |
| Savings and temporary cash investments | $3,070,541 |
| Pledges and grants receivable | $1,454,000 |
| 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 | $1,977 |
| 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 | $5,164,124 |
| Accounts payable and accrued expenses | $542,406 |
| Grants payable | $0 |
| Deferred revenue | $146,503 |
| 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 | $688,909 |
| Net assets without donor restrictions | $1,052,042 |
| Net assets with donor restrictions | $3,423,173 |
| 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 | $5,164,124 |
Grants Awarded
Over the last fiscal year, The Funders Network Inc has awarded $1,475,837 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BETTER BLOCK HAWAII PURPOSE: PARTNERS FOR PLACES | $73,200 |
CANAL ALLIANCE PURPOSE: PARTNERS FOR PLACES | $121,150 |
CONN ROUNDTABLE ON CLIMATE AND JOBS PURPOSE: PARTNERS FOR PLACES | $66,355 |
DELRIDGE NEIGHBORHOODS DVLPMT ASSN PURPOSE: PARTNERS FOR PLACES | $80,000 |
GREENROOTS INC PURPOSE: PARTNERS FOR PLACES | $106,450 |
HEALTHY GULF PURPOSE: PARTNERS FOR PLACES | $180,000 |