Overview
What is North Star Fund Inc?
North Star Fund Inc is a New York-based social justice foundation that empowers underrepresented communities to fight for equality and justice. With a team of 25 employees, the organization operates through community-led grantmaking committees, focusing on New York City and the Hudson Valley. North Star Fund supports emerging leaders and new organizations, contributing to capacity-building programs and fostering a diverse coalition of activists and community members. By mobilizing resources and inspiring collective action, North Star Fund challenges systemic inequalities and racism in philanthropy. Since its inception in 1979, it has distributed over $65 million to more than 2,100 groups, striving towards a world where resources and power are shared equitably for all to live with dignity and thrive.
Official website here: www.northstarfund.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that North Star Fund Inc has achieved a Four-Star out of Four Star rating, reflecting exceptional performance in accountability and finance. This high score illustrates the organization's strong commitment to transparency and efficient resource management, with a perfect score in several key areas, emphasizing its financial integrity.
The organization boasts a fully independent board, with 94% of its members being independent, which contributes to robust governance practices. Additionally, North Star Fund demonstrates excellent financial oversight, as evidenced by their zero material diversion of assets and comprehensive compliance with necessary policies. Their program expense ratio of 89.44% signifies that a substantial portion of their funds is directed toward their mission.
However, while the financial metrics and governance practices are commendable, the summary does not provide insights into programmatic effectiveness or community impact. Prospective donors and stakeholders may benefit from further information regarding the outcomes of the Fund's initiatives to fully assess its overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about North Star Fund Inc?
100% of 10 reviewers on Facebook recommend North Star Fund Inc. Here is a summary of their reviews:
The nonprofit has received high praise for its unwavering support of grantees, with positive comments highlighting its commitment to fighting oppressive systems. Reviewers appreciate the organization's active role in providing assistance and resources, which has proven beneficial in their efforts to create positive change.
Overall, there is a strong sentiment of satisfaction among supporters, with many expressing gratitude for the ongoing assistance and dedication the organization shows to its mission. North Star Fund Inc. clearly delivers on its promises to the communities it serves.
This AI summary has been generated from reviews found on Facebook.
Is North Star Fund Inc legitimate?
North Star Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Star Fund Inc 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: $611,309
Professional Fundraising Fees: $15,613
Other Salaries and Wages: $1,759,060
For more financial information, click here
Official website here: www.northstarfund.org
What is the mission statement of North Star Fund Inc?
North Star Fund, Inc. is a social justice foundation dedicated to empowering communities of color in New York City and the Hudson Valley. Since its inception in 1979, the organization has distributed over $65 million to over 2,100 groups, fostering grassroots organizing and visionary leadership on various social issues. North Star Fund's ultimate goal is to create a more equitable world where resources and power are shared fairly, and everyone can live with dignity and prosper. Through its efforts, the foundation supports and organizes individuals across race and class to contribute financially to these essential causes.
Official website here: www.northstarfund.org
What is the revenue of North Star Fund Inc?
North Star Fund Inc's revenue in 2024 was $15,160,116.
Official website here: www.northstarfund.org
Who are the executives of North Star Fund Inc and what are their salaries?
The average compensation at North Star Fund Inc during 2024 was $87,791. There are 27 employees and 17 volunteers at North Star Fund Inc.
Here are 24 key members and their salaries:
- Compensation: $178,389
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- Other: $32,310
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- Compensation: $139,585
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- Other: $14,390
- Compensation: $141,279
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- Other: $32,304
- Compensation: $137,583
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- Other: $40,397
- Compensation: $128,536
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- Other: $16,823
- Compensation: $143,535
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- Other: $31,357
- Compensation: $107,617
- Related: $0
- Other: $16,003
Official website here: www.northstarfund.org
Where can I find the form 990 for North Star Fund Inc?
North Star Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.northstarfund.org
Learn more at the official website: www.northstarfund.org
Mission Statement of North Star Fund Inc
North Star Fund, a social justice foundation, has been championing grassroots organizing led by communities of color in New York City and the Hudson Valley since 1979. With a mission to distribute resources and power equitably, North Star Fund has granted over $65 million to over 2,100 groups, fostering visionary leadership on critical issues affecting New York.
In simple terms, North Star Fund functions as a catalyst, mobilizing people from diverse backgrounds to support the initiatives of underrepresented communities, working towards a future where everyone can live with dignity and thrive. This foundation's efforts focus on empowering grassroots movements and amplifying the voices of those often overlooked in the political and social landscape. By organizing collective giving campaigns, North Star Fund helps to raise both awareness and funds, allowing these organizations to create lasting change in their communities.
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Impact
October, 2024
North Star Fund Inc significantly impacts grassroots organizing and social justice movements in New York City and the Hudson Valley. Through its funding and support, the organization empowers communities of color to build collective power and address systemic injustices. Since its inception in 1979, North Star Fund has distributed over $65 million to more than 2,100 groups, demonstrating a long-standing commitment to providing visionary leadership on critical issues.
One of its core objectives is to shift decision-making power to the communities it supports. This is achieved through community activist-led grantmaking committees that include former and current grantees, thus ensuring that funding decisions reflect the needs and priorities of those directly affected by social injustices. This approach fosters an environment where grassroots organizers can lead change effectively.
Additionally, North Star Fund plays a pivotal role in strengthening the leadership of grassroots organizers by funding new and emerging organizations. It offers capacity-building and leadership programs tailored for those impacted by injustice, which are crucial for sustaining long-term social change.
The organization also mobilizes resources across diverse racial and socioeconomic lines, creating opportunities for collective action against structural oppression and white supremacy. By hosting programs aimed at educating and engaging donors and supporters in social justice, North Star Fund cultivates a supportive ecosystem for progressive movements.
Challenging entrenched racism and power imbalances within philanthropy is another vital aspect of North Star Fund's impact. By advocating for increased funding for social justice initiatives and promoting accountability and accessibility in philanthropic practices, the organization aims to enhance the overall effectiveness of social movements.
Notably, North Star Fund has taken concrete action by partnering with initiatives like Communities United for Police Reform, providing fiscal sponsorship to campaigns that strive for reform against discriminatory policing practices. Such alliances demonstrate its dedication to fostering collaborative efforts that uplift marginalized communities and advocate for systemic changes.
Overall, North Star Fund's multifaceted approach of funding, leadership development, resource mobilization, and advocacy for equity has a profound impact on building a more just and equitable society.
This information is meant to be a general summary of North Star Fund Inc. 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 2024.
- Investment Income: $499,573
- Program Service Revenue: $113,014
- Gross Receipts: $39,014,751
Assets and Liabilities:
- Total Assets: $25,241,775
- Total Liabilities: $2,024,616
- Net Assets: $23,217,159
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$113,014
Organization Details
Founding Year
1979
Phone
(212) 620-9110Principal Officer
Jennifer Ching
Main Address
520 EIGHTH AVENUE 1800, NEW YORK, NY, 10018
Website
www.northstarfund.orgNTEE Category
Code: T30 - Philanthropy
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