Solidaire Network Inc
- Assets
- $12.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Oakland, CA
- Founding
- Data as of
- 06/2022
- 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 06/2022, Solidaire Network Inc employed 18 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 06/2022, Solidaire Network Inc generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (52.8%) each year. All expenses for the organization totaled $12.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Solidaire Network Inc has awarded 331 individual grants totaling $31,743,200. 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
2022
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 MOVES MONEY 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajasvini Bhansali Secretary & Executive Director | OfficerTrustee | 40 | $195,295 |
Laura Elizabeth Larabee Malachi Organizing Director | 40 | $149,034 | |
Janis Rosheuvel Movenment Partnerships & Grantmaking | 40 | $135,954 | |
Jesenia Santana Senior Resource Strategist | 40 | $127,352 | |
Ravi Khanna Director Of Finance & Operations | Officer | 40 | $126,467 |
Jennifer Corriggio Senior Philanthropy Organizer | 40 | $100,270 |
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 | $7,872,628 |
| Noncash contributions included in lines 1a–1f | $336,965 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,872,628 |
| Total Program Service Revenue | $0 |
| Investment income | $14,403 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,898,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,086,333 |
| Grants and other assistance to domestic individuals. | $50,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $378,924 |
| Compensation of current officers, directors, key employees. | $103,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,390,745 |
| Pension plan accruals and contributions | $29,343 |
| Other employee benefits | $465,456 |
| Payroll taxes | $135,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,941 |
| Fees for services: Accounting | $20,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $697,936 |
| Advertising and promotion | $1,061 |
| Office expenses | $75,062 |
| Information technology | $39,852 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,039 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $34,257 |
| Total functional expenses | $12,449,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,108,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| Accounts receivable, net | $122,684 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,268 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,333 |
| Total assets | $12,776,145 |
| Accounts payable and accrued expenses | $72,327 |
| Grants payable | $7,185,000 |
| 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 | $0 |
| Total liabilities | $7,257,327 |
| Net assets without donor restrictions | $4,479,568 |
| Net assets with donor restrictions | $1,039,250 |
| 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 | $12,776,145 |
Grants Awarded
Over the last fiscal year, Solidaire Network Inc has awarded $9,013,000 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: General support for 501c3 activities over two years | $555,000 |
Aguas Buenas, PR PURPOSE: General Support for 501c3 activities over two years | $500,000 |
Detroit, MI PURPOSE: General Support for 501c3 activities for fiscally-sponsored project, CLIMA Fund over two years | $500,000 |
Detroit, MI PURPOSE: General Support for 501c3 activities for fiscally-sponsored project, Black Feminist Fund over two years | $500,000 |
TRANS JUSTICE FUNDING PROJECT PURPOSE: Charitable project support towards grantmaking to nonprofit grassroots, trans justice groups in the United States, including U.S. territories. | $313,000 |
TIDES CENTER PURPOSE: General Support for 501c3 activities for fiscally-sponsored project, Maria Fund over two years | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 26 grants that Solidaire Network Inc has recieved totaling $12,667,332.
| Awarding Organization | Amount |
|---|---|
David And Lucile Packard Foundation Los Altos, CA PURPOSE: JUSTICE AND EQUITY | $10,000,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $630,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Membership Organizations | $520,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $352,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $260,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $208,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monterey Peninsula Foundation Monterey, CA | $50,385,331 | $28,291,060 |
Tiger Woods Charity Event Corp Irvine, CA | $9,536,474 | $23,227,782 |
Pledgeling Foundation Venice, CA | $2,856,994 | $17,411,331 |
Social Impact Fund Los Angeles, CA | $12,584,440 | $14,562,924 |
Solidaire Network Inc Oakland, CA | $12,776,145 | $7,898,596 |
Century Club Of San Diego La Jolla, CA | $2,243,411 | $13,615,886 |
Eat Learn Play Foundation Oakland, CA | $9,809,770 | $13,607,001 |
Cilhaas Supporting Foundation Alameda, CA | $0 | $0 |
Jacquie Foundation Incline Village, NV | $0 | -$1,353,234 |
Patricia And Paul Bragg Foundation Santa Barbara, CA | $96,344,460 | $2,462,516 |
Devto Support Foundation Newport Beach, CA | $95,101,323 | $1,275,327 |
Rodan & Fields Prescription For Change Foundation San Francisco, CA | $4,001,646 | $2,863,722 |