Overview
What is Funders For Lesbian And Gay Issues Inc?
Funders For Lesbian And Gay Issues Inc, also known as Funders For LGBTQ Issues, is a nonprofit organization situated in New York City, specifically at 45 West 36th Street, 8th Floor. Their primary objective is to educate and empower funders in understanding the needs of lesbian, gay, bisexual, and transgender communities. They achieve this through various means, including annual conferences like the Funding Forward Conference in 2022, which attracted over 200 attendees, and providing training sessions on LGBTQ issues for over 100 foundation staff and trustees. The organization's mission is to amplify philanthropic resources aimed at enhancing the well-being of LGBTQ+ communities, promoting equity, and advocating for racial, economic, and gender justice. They strive to increase the scale and impact of these resources, ensuring that they make a significant difference in the lives of individuals within these communities. With a team of 13 dedicated employees, Funders For LGBTQ Issues plays a crucial role in fostering understanding and supporting the needs of the LGBTQ+ community.
Official website here: www.lgbtfunders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
Funders For Lesbian And Gay Issues Inc, operating as Funders For LGBTQ Issues, has achieved an impressive Four-Star rating on Charity Navigator, reflecting its exceptional accountability and financial health. The charity scored 100% in its Accountability & Finance category, indicating a strong commitment to transparent and responsible management of resources.
With a fully independent board comprising 15 members, the organization demonstrates effective governance practices. Key strengths include a lack of material diversion of assets, comprehensive financial oversight through an audit committee, and robust policies on conflict of interest and whistleblowing. The organization also maintains a high program expense ratio, ensuring that a significant portion of its funding directly supports its mission.
While the charity's financial health is commendable, with a low liabilities-to-assets ratio and excellent working capital, there are no noted limitations in the available data. Overall, Funders For LGBTQ Issues exemplifies strong practices in financial management and governance, making it a highly trustworthy nonprofit in the LGBTQ funding space.
This AI summary has been generated from information found on Charity Navigator.
Is Funders For Lesbian And Gay Issues Inc legitimate?
Funders For Lesbian And Gay Issues Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Funders For Lesbian And Gay Issues 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: $315,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $905,244
For more financial information, click here
Official website here: www.lgbtfunders.org
What is the mission statement of Funders For Lesbian And Gay Issues Inc?
Funders For Lesbian And Gay Issues Inc, also known as Funders For LGBTQ Issues, works to amplify philanthropic resources aimed at improving the well-being of lesbian, gay, bisexual, transgender, and queer communities. Their mission is to promote equity and advance racial, economic, and gender justice within these communities. The organization focuses on increasing the scale and impact of these resources to enhance the lives of individuals belonging to these communities.
Official website here: www.lgbtfunders.org
Who is the CEO of Funders For Lesbian And Gay Issues Inc?
Saida Agostini-Bostic is the Board Chair of Funders For Lesbian And Gay Issues Inc.
Official website here: www.lgbtfunders.org
What is the revenue of Funders For Lesbian And Gay Issues Inc?
Funders For Lesbian And Gay Issues Inc's revenue in 2022 was $3,750,254.
Official website here: www.lgbtfunders.org
Who are the executives of Funders For Lesbian And Gay Issues Inc and what are their salaries?
The average compensation at Funders For Lesbian And Gay Issues Inc during 2022 was $93,930. There are 13 employees and 15 volunteers at Funders For Lesbian And Gay Issues Inc.
Here are 20 key members and their salaries:
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- Compensation: $75,225
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- Compensation: $138,400
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- Other: $21,643
Official website here: www.lgbtfunders.org
Where can I find the form 990 for Funders For Lesbian And Gay Issues Inc?
Funders For Lesbian And Gay Issues Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lgbtfunders.org
Learn more at the official website: www.lgbtfunders.org
Mission Statement of Funders For Lesbian And Gay Issues Inc
Funders for Lesbian and Gay Issues Inc, also known as Funders for LGBTQ Issues, is an organization dedicated to enhancing the well-being of lesbian, gay, bisexual, transgender, and queer communities. Their mission is twofold: firstly, they aim to increase the scale and impact of philanthropic resources targeted towards these communities. Secondly, they promote equity and advance racial, economic, and gender justice. By doing so, they strive to make a significant impact on the lives of these communities, ensuring their well-being and fostering an inclusive society.
To achieve this mission, Funders for LGBTQ Issues engages in various activities. They provide convenings, trainings, and research to educate funders about the needs of the LGBTQ communities. One of their notable events is the Annual Funding Forward Conference, which was attended by over 200 people in 2022. This conference helps funders maximize the impact of their grantmaking in LGBT communities. Additionally, they conduct convenings and trainings on LGBTQ issues for foundation staff and trustees, furthering their mission of promoting understanding and support for these communities.
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Impact
October, 2024
Funders For Lesbian And Gay Issues Inc significantly impacts LGBTQ communities by enhancing the scale and effectiveness of philanthropic resources dedicated to improving the well-being of these populations. By promoting equity and advancing racial, economic, and gender justice, the organization plays a critical role in addressing disparities faced by lesbian, gay, bisexual, transgender, and queer individuals.
Through its convenings, trainings, and research initiatives, Funders For LGBTQ Issues educates funders about the unique needs and challenges encountered by LGBTQ communities. Events like the annual Funding Forward conference gather over 200 participants, empowering them to maximize the impact of their grantmaking strategies. Additionally, the organization has provided targeted trainings for more than 100 foundation staff and trustees, further expanding awareness and understanding of LGBTQ issues within philanthropic circles.
By facilitating collaboration and knowledge-sharing among funders, Funders For Lesbian And Gay Issues Inc fosters a more inclusive philanthropic landscape that better addresses the needs of marginalized communities. Their efforts contribute to a stronger, more equitable society where LGBTQ individuals can thrive.
This information is meant to be a general summary of Funders For Lesbian And Gay Issues 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 2022.
- Investment Income: $88,678
- Program Service Revenue: $41,882
- Gross Receipts: $3,804,298
Assets and Liabilities:
- Total Assets: $5,691,497
- Total Liabilities: $270,110
- Net Assets: $5,421,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$41,882
Organization Details
Founding Year
2000
Phone
(212) 475-2930Principal Officer
Saida Agostini-Bostic
Main Address
45 WEST 36TH ST 8TH FLOOR, NEW YORK, NY, 10018
Website
www.lgbtfunders.orgNTEE Category
Code: R26 - Civil rights
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