Fungi Foundation Inc
- Assets
- $377.2k
- Revenue
- $542.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-1478153
Organization Overview
Fungi Foundation Inc is located in Brooklyn, NY. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Fungi Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fungi Foundation 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 12/2021, Fungi Foundation Inc generated $542.1k in total revenue. All expenses for the organization totaled $200.3k during the year ending 12/2021. While expenses have increased by 157.0% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUNGI FOUNDATION IS A GLOBAL ORGANIZATION THAT EXPLORES THE FUNGI TO INCREASE KNOWLEDGE OF THEIR DIVERSITY, PROMOTE INNOVATIVE SOLUTIONS TO CONTINGENT PROBLEMS, EDUCATE ABOUT THEIR EXISTENCE AND APPLICATIONS, AS WELL AS RECOMMENDING PUBLIC POLICY FOR THEIR CONSERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINGDOM FUNGI IS INDISPENSABLE TO EARTH'S MANY ECOSYSTEMS AND THE ORGANISMS THAT INHABIT THE PLANET. OUR MAIN FOCUS IS ON RESEARCH, CONSERVATION, EDUCATION, EXPLORATION AND DEVELOPMENT OF FUNGI. THE ORGANIZATION ENVISIONS A HEALTHY PLANET IN WHICH FUNGI ARE RECOGNIZED AS THE INTERCONNECTORS OF NATURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Giuliana Furci Chief Executive Officer | Officer | 40 | $50,560 |
Joanna Foster President | OfficerTrustee | 20 | $0 |
Michelle Lobo Treasurer Eff. 12/21 | OfficerTrustee | 20 | $0 |
Antonio Bacigalupo Treasurer | OfficerTrustee | 1 | $0 |
Jose Mingo Marinetti Secretary | OfficerTrustee | 1 | $0 |
Nathalie Kelley Secretary Eff. 12/21 | OfficerTrustee | 5 | $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 | $541,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,058 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,000 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,058 |
| 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 | $34,555 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,560 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,307 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,873 |
| Advertising and promotion | $423 |
| Office expenses | $20,303 |
| Information technology | $4,050 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,980 |
| 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 | $4,767 |
| Total functional expenses | $200,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,557 |
| 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 | $0 |
| 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 | $377,199 |
| Accounts payable and accrued expenses | $5,122 |
| 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 | $5,122 |
| Net assets without donor restrictions | $372,077 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $377,199 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Fungi Foundation Inc has recieved totaling $276,221.
| Awarding Organization | Amount |
|---|---|
Social Impact Fund Los Angeles, CA PURPOSE: General Support | $125,000 |
Samueli Foundation Corona Del Mar, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Saisei Foundation Austin, TX PURPOSE: ANNUAL FUNDRAISING | $50,000 |
Every Org San Francisco, CA PURPOSE: ONLINE SUPPORT FOR CHARITABLE PURPOSES | $40,971 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $10,100 |
Ford Foundation New York, NY PURPOSE: MATCHING GIFT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Audubon Society Inc Lincoln, MA | $290,978,469 | $38,308,793 |
Environmental Defense Action Fund New York, NY | $6,474,489 | $29,024,607 |
Council On The Environment Inc New York, NY | $42,012,048 | $22,554,174 |
Sustainable Markets Foundation New York, NY | $17,976,931 | $19,381,628 |
Only One Inc New York, NY | $3,262,058 | $9,834,103 |
New Jersey Audubon Society Bernardsville, NJ | $31,869,877 | $7,026,003 |
Cec Stuyvesant Cove Inc Long Island City, NY | $4,789,679 | $6,047,317 |
Wildlife Management Institute Inc Cabot, VT | $3,841,271 | $5,821,824 |
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Ruffed Grouse Society Pittsburgh, PA | $13,438,836 | $6,572,928 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |