Solidaire Network Inc
- Assets
- $6.0m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 26
- Location
- Oakland, CA
- Founding
- Data as of
- 06/2024
- EIN
- 84-2130536
Organization Overview
Solidaire Network Inc is located in Oakland, CA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2024, Solidaire Network Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solidaire 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, Solidaire Network Inc generated $17.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $14.5m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Solidaire Network Inc has awarded 718 individual grants totaling $56,559,720. 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
MOBILIZING RESOURCES TO THE FRONTLINES OF MOVEMENTS FOR RACIAL, GENDER, AND CLIMATE JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOVEMENT PARTNERSHIP AND GRANTMAKING - SOLIDAIRE NETWORK AWARDS GRANTS QUICKLY AND GENEROUSLY, AND COURAGEOUSLY ADVOCATES TO REPAIR THE HARMS OF SOCIETY'S AND PHILANTHROPY'S DISINVESTMENT FROM BLACK, INDIGENOUS, IMMIGRANT, AND OTHER COMMUNITIES LEADING FROM THE MARGINS.
DONOR ORGANIZING AND EDUCATION - ENGAGE THROUGH CONSISTENT COMMUNITY BUILDING, EDUCATION, MEMBERSHIP MEETINGS, AND INNOVATIVE PROGRAMMING.
SOLIDARITY PHILANTHROPY BOOK PROJECT SUPPORTS A BOOK PROJECT THAT EXPLORES PHILANTHROPY'S MANDATE IN CONSEQUENTIAL TIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajasvini Bhansali Executive Director, Secretary | OfficerTrustee | 40 | $307,026 |
Sam Vinal Co-Chair | OfficerTrustee | 6 | $0 |
Ingrid Benedict Co-Chair | OfficerTrustee | 6 | $0 |
Susan Pritzker Treasurer | OfficerTrustee | 6 | $0 |
Alan Preston Director | Trustee | 3 | $0 |
Anna Lefer Kuhn Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Within Collaborative Organizational Strategy And Coaching | 6/29/24 | $116,599 |
Davis Wright Tremaine Llp Legal Services | 6/29/24 | $108,166 |
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 | $17,692,617 |
| Noncash contributions included in lines 1a–1f | $985,751 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,692,617 |
| Total Program Service Revenue | $800 |
| Investment income | $78,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,880 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,787,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,093,734 |
| Grants and other assistance to domestic individuals. | $145,191 |
| Grants and other assistance to Foreign Orgs/Individuals | $120,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,968 |
| Compensation of current officers, directors, key employees. | $69,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,285,294 |
| Pension plan accruals and contributions | $227,647 |
| Other employee benefits | $816,387 |
| Payroll taxes | $200,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,654 |
| Fees for services: Accounting | $21,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $991,383 |
| Advertising and promotion | $4,847 |
| Office expenses | $97,008 |
| Information technology | $16,668 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $307,404 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $663,349 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,539,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,749 |
| Savings and temporary cash investments | $3,605,946 |
| Pledges and grants receivable | $1,455,017 |
| Accounts receivable, net | $288,187 |
| 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 | $15,727 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $219,906 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,968,532 |
| Accounts payable and accrued expenses | $456,526 |
| Grants payable | $1,010,000 |
| Deferred revenue | $10,000 |
| 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 | $1,476,526 |
| Net assets without donor restrictions | $1,880,905 |
| Net assets with donor restrictions | $2,611,101 |
| 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 | $5,968,532 |
Grants Awarded
Over the last fiscal year, Solidaire Network Inc has awarded $8,073,309 in support to 144 organizations.
| Grant Recipient | Amount |
|---|---|
ABOUT FACE VETERANS AGAINST THE WAR PURPOSE: General support | $40,000 |
AFRICAN COMMUNITIES TOGETHER PURPOSE: General support | $50,000 |
ACORN CENTER FOR RESTORATION AND FREEDOM INC PURPOSE: General support | $50,000 |
ALABAMA JUSTICE INITIATIVE PURPOSE: General support | $70,000 |
AJP EDUCATIONAL FOUNDATION INC PURPOSE: General support | $50,000 |
ALASKA PUBLIC INTEREST RESEARCH GROUP PURPOSE: General support | $50,000 |