Co-Impact Philanthropic Funds Inc
- Assets
- $318.2m
- Revenue
- $360.1m
- Investments
- $0.0
- Employees
- 39
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 88-2408684
Organization Overview
Co-Impact Philanthropic Funds Inc is located in New York, NY. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Co-Impact Philanthropic Funds Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co-Impact Philanthropic Funds 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 12/2023, Co-Impact Philanthropic Funds Inc generated $360.1m in total revenue. All expenses for the organization totaled $73.8m during the year ending 12/2023. While expenses have increased by 26.8% 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.
Since 2022, Co-Impact Philanthropic Funds Inc has awarded 34 individual grants totaling $46,485,503. 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
PHILANTHROPIC COLLABORATIVE FOCUSED ON IMPROVING LIVES THROUGH JUST & INCLUSIVE SYSTEMS CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FOUNDATIONAL FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON SUPPORTING ORGANIZATIONS TO ACHIEVE PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES IN THE SECTORS OF HEALTH, EDUCATION, AND ECONOMIC OPPORTUNITY. THROUGH THIS FUND, WE AWARD LONG-TERM, FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA THAT ARE WORKING WITH POWERFUL COALITIONS, OFTEN INCLUDING LOCAL AND NATIONAL GOVERNMENT ACTORS, TO EFFECT LARGE-SCALE CHANGE; WE AWARDED EIGHT GRANTS IN 2023 AND ARE SUPPORTING OVER 20 INITIATIVES OVERALL. IN ADDITION TO PROVIDING GRANT FUNDING, CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.
OUR GENDER FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON TRANSFORMATIVE SYSTEMS CHANGE, ACHIEVING PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES, WITH AN EMPHASIS ON ELEVATING WOMEN'S POWER, AGENCY, AND LEADERSHIP AT ALL LEVELS. THROUGH THIS FUND, WE AWARD FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA; WE AWARDED 40 GRANTS IN 2023 AND ARE SUPPORTING OVER 85 INITIATIVES OVERALL. OUR GRANT RECIPIENTS ARE WORKING WITH POWERFUL COALITIONS TO EFFECT CHANGE IN SUCH AREAS AS EARLY CHILDHOOD DEVELOPMENT, SOCIAL-EMOTIONAL LEARNING, CARE ECONOMY, MATERNAL HEALTH, SEXUAL AND REPRODUCTIVE HEALTH AND RIGHTS, LAND RIGHTS AND NATURAL RESOURCE MANAGEMENT, AND WOMEN'S LEADERSHIP. IN ADDITION TO PROVIDING GRANT FUNDING, (SEE SCHEDULE O)CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Leland - Founder CEO & Board Member (non-Voting) | OfficerTrustee | 40 | $499,658 |
Tsitsi Masiyiwa Board Chair | OfficerTrustee | 1 | $0 |
Patty Stonesifer - Board Member/vice-Chair (as Of 05/2023) | Trustee | 1 | $0 |
Laura Garcia Board Member | Trustee | 1 | $0 |
Gargee Ghosh Board Member (thru 12/31/2023) | Trustee | 1 | $0 |
Maryana Iskander Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ma Krizna Gomez Advisory And Facilitation Services | 12/30/23 | $418,899 |
The Campbell Law Firm Legal Services | 12/30/23 | $336,000 |
Jedi Azania Akatsa Bukachi Consulting Services | 12/30/23 | $116,282 |
Gislaine Nguemmoe Ngounou Consulting Services | 12/30/23 | $128,532 |
Ventucom Llc It Services | 12/30/23 | $106,174 |
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 | $354,033,218 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,033,218 |
| Total Program Service Revenue | $0 |
| Investment income | $6,030,819 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,064,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,982,623 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $23,177,998 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,136,587 |
| Compensation of current officers, directors, key employees. | $1,631,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,576,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $359,655 |
| Fees for services: Accounting | $162,749 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,008,474 |
| Advertising and promotion | $0 |
| Office expenses | $75,898 |
| Information technology | $475,711 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $650,383 |
| 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 | $93,494 |
| All other expenses | $2,498 |
| Total functional expenses | $73,834,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $209,878,280 |
| Pledges and grants receivable | $107,770,528 |
| 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 | $597,341 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,106 |
| Total assets | $318,248,255 |
| Accounts payable and accrued expenses | $358,099 |
| Grants payable | $6,712,875 |
| Deferred revenue | $1,650,000 |
| 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 | $8,720,974 |
| Net assets without donor restrictions | $1,897,889 |
| Net assets with donor restrictions | $307,629,392 |
| 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 | $318,248,255 |
Grants Awarded
Over the last fiscal year, Co-Impact Philanthropic Funds Inc has awarded $40,982,623 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ECONOMIC ASSOCIATION PURPOSE: SEE PART IV | $290,000 |
CENTER FOR JUSTICE AND INTERNATIONAL LAW PURPOSE: SEE PART IV | $570,993 |
CLOONEY FOUNDATION FOR JUSTICE PURPOSE: SEE PART IV | $636,000 |
CORSTONEWORLDBEING PURPOSE: SEE PART IV | $300,000 |
FUND FOR THE CITY OF NEW YORK INC PURPOSE: SEE PART IV | $150,000 |
IDINSIGHT PURPOSE: SEE PART IV | $1,813,000 |