Neo Philanthropy Action Fund Inc
- Assets
- $13.8m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 80-0444461
Organization Overview
Neo Philanthropy Action Fund Inc is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neo Philanthropy Action Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Neo Philanthropy Action Fund Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 9 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 2014, Neo Philanthropy Action Fund Inc has awarded 298 individual grants totaling $87,336,492. 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
TO PROMOTE SOCIAL WELFARE AND THE COMMON GOOD, ADVANCE SOCIAL JUSTICE, AND ADVOCATE POLICY REFORM TO IMPROVE THE QUALITY OF LIFE FOR ALL PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC ENGAGEMENT: NEO ACTION FUND PROMOTES CIVIC ENGAGEMENT THROUGH GRANT-MAKING, FUNDER ALIGNMENT, AND VOTER EDUCATION TO SUPPORT MOVEMENT-BUILDING AND ADVOCACY AT THE STATE, LOCAL, AND NATIONAL LEVELS. THE PROGRAM SEEKS TO SUPPORT CREATION OF A POLICY ENVIRONMENT THAT IS MORE INCLUSIVE OF ALL VOTERS, ESPECIALLY YOUNG PEOPLE, PEOPLE OF COLOR, AND UNDERREPRESENTED COMMUNITIES.
OTHER PROGRAMS
IMMIGRATION: NEO ACTION FUND'S PROGRAM ON IMMIGRATION SEEKS TO STRENGTHEN THE LONG-TERM EFFECTIVENESS OF THE GRASSROOTS IMMIGRANT JUSTICE MOVEMENT TO ENGAGE MORE ADEPTLY IN POLICY ADVOCACY AND IN HOLDING DECISION-MAKERS ACCOUNTABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairperson | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary/treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member (through September 2023) | Trustee | 1 | $0 |
Name Not Listed COO And Executive VP | Officer | 1 | $3,478 |
Name Not Listed President | Officer | 1 | $2,188 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civitas Public Affairs Group Llc Communications | 12/30/23 | $264,998 |
Impact Research Inc Research | 12/30/23 | $196,700 |
Topos Research Partnership Llc Research | 12/30/23 | $160,000 |
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 | $8,911,973 |
| Noncash contributions included in lines 1a–1f | $517,646 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,911,973 |
| Total Program Service Revenue | $91,500 |
| Investment income | $102,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,399 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,101,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,184,575 |
| 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. | $35,673 |
| Compensation of current officers, directors, key employees. | $33,630 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $911,899 |
| Pension plan accruals and contributions | $25,533 |
| Other employee benefits | $168,105 |
| Payroll taxes | $61,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,320 |
| Fees for services: Accounting | $25,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,478 |
| Fees for services: Other | $1,407,666 |
| Advertising and promotion | $0 |
| Office expenses | $155,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,918 |
| Travel | $6,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,111,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,879,330 |
| Savings and temporary cash investments | $3,364,516 |
| Pledges and grants receivable | $4,569,283 |
| 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 | $18,066 |
| 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 | $13,831,195 |
| Accounts payable and accrued expenses | $163,668 |
| Grants payable | $210,000 |
| 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 | $29,770 |
| Total liabilities | $403,438 |
| Net assets without donor restrictions | $2,444,134 |
| Net assets with donor restrictions | $10,983,623 |
| 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 | $13,831,195 |
Grants Awarded
Over the last fiscal year, Neo Philanthropy Action Fund Inc has awarded $3,148,100 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
NAKASEC ACTION FUND PURPOSE: Program Grant | $100,000 |
VOCES DE LA FRONTERA ACTION INC PURPOSE: Program Grant | $100,000 |
LIVING UNITED FOR CHANGE IN ARIZONA INC PURPOSE: Program Grant | $100,000 |
GLAHR ACTION NETWORK PURPOSE: Program Grant | $100,000 |
VIRGINIA NEW MAJORITY PURPOSE: Program Grant | $100,000 |
STATE POWER ACTION FUND PURPOSE: Program Grant | $100,000 |