Overview
What is Neighborhood Funders Group?
Neighborhood Funders Group (NFG) is a network of grantmakers based in Berkeley, California. With a mission to amplify the power of grassroots organizations, NFG brings together philanthropic partners to learn, connect, and mobilize resources, focusing on communities of color and low-income areas. NFG's efforts include the Amplify Fund, a pooled resource that supports racial justice-focused power-building organizations. In 2022, the Amplify Fund regranted approximately $3M to 55 grantees and prioritized BIPOC-led organizations. NFG fosters collaboration through regular grantee-only calls, promoting meaningful connections and knowledge sharing among their partners. The organization is committed to the future growth of the Amplify Fund, with a new governance structure and a 10-year lifespan for the second phase of the project.
Official website here: www.nfg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Neighborhood Funders Group has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The charity's high score reflects its commitment to responsible financial practices, with an outstanding Accountability & Finance score of 97%. This excellent rating demonstrates the organization's transparency and effective management of funds.
The organization benefits from a fully independent board, with 100% of its members free from conflicts of interest. Additionally, the charity excels in various financial metrics, including a program expense ratio of 91.25%, showing that the majority of its resources go directly to its programming rather than administrative costs. Its fundraising efficiency is remarkable, with just $0.01 spent to raise a dollar, highlighting its effective fundraising strategies.
While the ratings and feedback are overwhelmingly positive, no significant limitations were noted in the data available. The Neighborhood Funders Group appears to be a well-managed organization focused on impactful funding and support within the community. Overall, the charity's strong performance metrics make it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Funders Group legitimate?
Neighborhood Funders Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Funders Group submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $375,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,854,600
For more financial information, click here
Official website here: www.nfg.org
What is the mission statement of Neighborhood Funders Group?
The Neighborhood Funders Group is a network of grantmakers dedicated to supporting grassroots power building in communities of color and low-income communities. Their mission is to mobilize resources and facilitate connections among funders with an intersectional and place-based focus. By organizing philanthropy, they aim to contribute to the thriving of these communities. Through learning and collaboration, NFG fosters an environment that enables effective grantmaking and equitable social change.
Official website here: www.nfg.org
Who is the CEO of Neighborhood Funders Group?
Amy Morris is the Co-Chair of Neighborhood Funders Group.
Official website here: www.nfg.org
What is the revenue of Neighborhood Funders Group?
Neighborhood Funders Group's revenue in 2022 was $13,163,639.
Official website here: www.nfg.org
Who are the executives of Neighborhood Funders Group and what are their salaries?
The average compensation at Neighborhood Funders Group during 2022 was $106,185. There are 21 employees and 10 volunteers at Neighborhood Funders Group.
Here are 17 key members and their salaries:
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- Compensation: $179,528
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- Compensation: $186,791
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- Other: $46,243
- Compensation: $165,853
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- Other: $41,505
- Compensation: $155,876
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- Other: $23,720
- Compensation: $150,219
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- Other: $19,642
- Compensation: $130,544
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- Other: $17,675
- Compensation: $123,744
- Related: $0
- Other: $16,320
Official website here: www.nfg.org
Where can I find the form 990 for Neighborhood Funders Group?
Neighborhood Funders Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nfg.org
Learn more at the official website: www.nfg.org
Mission Statement of Neighborhood Funders Group
Neighborhood Funders Group (NFG), a network of philanthropic organizations, is dedicated to mobilizing resources for grassroots power building in communities of color and low-income communities. By organizing grantmakers, NFG aims to support the thriving and self-determination of these communities.
NFG fosters connections among funding organizations, enabling them to learn and collaborate in their grant-making efforts. With an intersectional and place-based focus, the network ensures that resources are directed to address the unique needs and challenges faced by these communities. By joining forces, NFG members amplify their impact and contribute to lasting change.
In essence, Neighborhood Funders Group serves as a catalyst for philanthropy, empowering communities of color and low-income communities to build their power and improve their living conditions. Through their collaborative approach, they create opportunities for funders to make a meaningful difference in the lives of the people they seek to support.
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Impact
August, 2024
Neighborhood Funders Group's impact is significant in organizing philanthropy to support grassroots power building for communities of color and low-income communities. Through initiatives like the Amplify Fund, NFG has facilitated connections, provided resources, and supported racial justice-focused power-building organizations. In 2022, Amplify Fund regranted approximately $3 million to 55 grantees across eight sites, with 90% of funded organizations being BIPOC-led. Additionally, NFG has actively engaged in planning for the future, including developing guiding values that affirm a commitment to racial justice and incorporating a liberatory philanthropy lens. This work demonstrates NFG's commitment to fostering community thriving and advancing civil rights.
This information is meant to be a general summary of Neighborhood Funders Group. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9,101
- Program Service Revenue: $201,500
- Gross Receipts: $13,163,639
Assets and Liabilities:
- Total Assets: $27,360,821
- Total Liabilities: $522,135
- Net Assets: $26,838,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference
Revenue
$165,000
Other Program Revenue
Revenue
$36,500
Organization Details
Founding Year
1991
Phone
(510) 444-6063Principal Officer
Amy Morris
Main Address
1790 Fifth Street, Berkeley, CA, 94710
Website
www.nfg.orgNTEE Category
Code: R01 - Civil rights
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