Astia
- Assets
- $819.0k
- Revenue
- $1.2m
- Investments
- $232.6k
- Employees
- 8
- Location
- San Francisco, CA
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 71-0927054
Organization Overview
Astia is located in San Francisco, CA. The organization was established in 2004. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Astia employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Astia 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, Astia generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 8.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEVELING THE PLAYING FIELD FOR WOMEN ENTREPRENEURS BY PROVIDING ACCESS TO CAPITAL AND NETWORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASTIA INVESTMENTS - ASTIA INVESTMENTS IS A PROGRAM THAT INCLUDES A FAMILY OF INVESTMENT VEHICLES THAT INVEST IN SELECT COMPANIES THAT APPLY TO ASTIA AND THAT HAVE SUCCESSFULLY PROGRESSED THROUGH THE ASTIA EXPERT SIFT PROCESS. SIMILAR TO THE ASTIA ACCESS PROGRAM, ASTIA INVESTMENTS ARE MANAGED VIA THE ASTIA CONNECT SOFTWARE PLATFORM. A REQUIREMENT FOR INVESTMENT IS THAT A COMPANY MUST INCLUDE WOMEN LEADERS AT THE TIME OF INVESTMENT. THE MANAGEMENT FEES AND CARRIED INTEREST OF THIS PROGRAM, FUND BOTH ASTIA ACCESS AND ASTIA RESEARCH PROGRAMS.
ASTIA ACCESS - THE ASTIA ACCESS PROGRAM PROVIDES ENTREPRENEURS WITH DIRECT ACCESS TO EXPERTISE AND CAPITAL--THE FOUNDATIONAL COMPONENTS OF SUCCESS FOR HIGH-GROWTH ENTREPRENEURSHIP. ASTIA ADVISORS PROVIDE DIRECT FEEDBACK VIA THE EXPERT SIFT SCREENING PROCESS AS WELL AS CUSTOMIZED ADVICE IN ONE-ON-ONE SESSIONS. CAPITAL IS RAISED BY APPLICANT COMPANIES VIA THE SIFT IN THE FORM OF ASTIA'S DIRECT INVESTMENT PROGRAMS AND/OR INVESTMENT FROM NON-ASTIA INVESTORS. THE ASTIA EXPERT SIFT PROCESS IS IMPLEMENTED VIA A SOFTWARE PLATFORM CALLED ASTIA CONNECT. THE ASTIA INVESTMENT PROGRAM PROVIDES THE GREAT MAJORITY OF THE FUNDING FOR THE ASTIA ACCESS PROGRAM. IN THE FUTURE, AS COMPANIES EXIT THE ASTIA PORTFOLIO, IT IS EXPECTED THAT 100% OF THE ASTIA ACCESS PROGRAM WILL BE FUNDED BY ASTIA INVESTMENTS.
ASTIA RESEARCH & ANALYSIS - THE ASTIA RESEARCH & ANALYSIS PROGRAM PROVIDES THOUGHT LEADERSHIP FOR THE MARKET, INCLUDING KEYNOTES, RESEARCH, AND PUBLISHED PERSPECTIVES ON THE VALUE OF INVESTING IN INCLUSIVE TEAMS. THE SOURCE OF MUCH OF THE DATA USED FOR THIS PROGRAM IS GATHERED VIA THE ASTIA CONNECT SOFTWARE PLATFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Bettino Chair | OfficerTrustee | 1 | $0 |
Jeanne Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Margaret H Kavalaris Secretary | OfficerTrustee | 1 | $0 |
Karen Clark Trustee | Trustee | 1 | $0 |
Aitua Ekhaese Trustee | Trustee | 1 | $0 |
Priya Mathur Trustee | Trustee | 1 | $0 |
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 | $526,761 |
| Noncash contributions included in lines 1a–1f | $24,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,761 |
| Total Program Service Revenue | $685,625 |
| Investment income | $39 |
| 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 | $1,212,591 |
| 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. | $417,891 |
| Compensation of current officers, directors, key employees. | $40,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,454 |
| Payroll taxes | $40,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,604 |
| Fees for services: Accounting | $97,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,735 |
| Advertising and promotion | $92,782 |
| Office expenses | $6,412 |
| Information technology | $68,466 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,850 |
| Interest | $328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $43,725 |
| All other expenses | $7,086 |
| Total functional expenses | $1,393,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,530 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $304,200 |
| Accounts receivable, net | $567 |
| 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 | $4,180 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $232,569 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $819,046 |
| Accounts payable and accrued expenses | $56,433 |
| 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 | $211,901 |
| Total liabilities | $268,334 |
| Net assets without donor restrictions | $225,712 |
| Net assets with donor restrictions | $325,000 |
| 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 | $819,046 |