128 Collective Intitiatives Inc
- Assets
- $2.3m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2023
- EIN
- 84-2624417
Organization Overview
128 Collective Intitiatives Inc is located in Palo Alto, CA. According to its NTEE Classification (R40) the organization is classified as: Voter Education & Registration, 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. 128 Collective Intitiatives 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, 128 Collective Intitiatives Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, 128 Collective Intitiatives Inc has awarded 90 individual grants totaling $5,506,000. 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
PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES GRANTS TO PROMOTE VOTER REGISTRATION, POLITICAL PARTICIPATION, AND CIVIC INVOLVEMENT, PARTICULARLY AMONG GROUPS THAT ARE HISTORICALLY MARGINALIZED, DISENFRANCHISED, OR OTHERWISE DISADVANTAGED BY THE POLITICAL PROCESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Preston-Werner Co-President/director | OfficerTrustee | 0.4 | $0 |
Theresa Preston-Werner Co-President/director | OfficerTrustee | 0.4 | $0 |
Tom Van Loben Sels Treasurer/secretary/director | OfficerTrustee | 0.1 | $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 | $3,221,456 |
| Noncash contributions included in lines 1a–1f | $3,221,456 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,221,456 |
| Total Program Service Revenue | $0 |
| Investment income | $46,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,536 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,272,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $950,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $50,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $184 |
| Fees for services: Accounting | $58,243 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $103,039 |
| Total functional expenses | $1,162,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,309,072 |
| Pledges and grants receivable | $0 |
| 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 | $421 |
| 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 | $2,309,493 |
| Accounts payable and accrued expenses | $13,524 |
| 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 | $0 |
| Total liabilities | $13,524 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $2,295,969 |
| Total liabilities and net assets/fund balances | $2,309,493 |
Grants Awarded
Over the last fiscal year, 128 Collective Intitiatives Inc has awarded $950,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
GEN-Z FOR CHANGE PURPOSE: DIGITAL ORGANIZING WORK | $50,000 |
GEN-Z FOR CHANGE PURPOSE: GENERAL SUPPORT | $25,000 |
GROUND GAME TEXAS PURPOSE: EL PASO CLIMATE CHARTER CAMPAIGN | $25,000 |
MAINE POWER FOR MAINE PEOPLE PURPOSE: WORK ON BALLOT INITIATIVE | $100,000 |
JEWISH VOICE FOR PEACE ACTION INC PURPOSE: GAZA CRISIS | $10,000 |
MAINE POWER FOR MAINE PEOPLE PURPOSE: WORK ON BALLOT MEASURE | $50,000 |