Overview
What is Borealis Philanthropy?
Borealis Philanthropy is a Minneapolis-based nonprofit organization that channels resources towards communities thriving towards transformation, with those most affected by injustice leading the way. By investing in leaders, organizations, and movements that employ diverse and innovative strategies, Borealis Philanthropy aims to shift power and invest in communities, ultimately pursuing transformational change. In 2022, they granted over $11.6 million to various grantee partners, supporting organizational development, special opportunities, and rapid response initiatives. Their mission aligns with the Movement for Black Lives and other politically aligned organizations, fostering policy agendas and building local community power.
Official website here: www.borealisphilathropy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Borealis Philanthropy has achieved an impressive Four-Star rating from Charity Navigator, which reflects its strong performance in accountability and finance. The organization scored 100% in several key areas, including having a fully independent board and no material diversion of assets, showcasing a commitment to transparency and ethical governance practices.
The nonprofit demonstrates significant financial efficiency, with a program expense ratio of 91.45%, meaning that a large portion of its funding directly supports its programs. Additionally, the fundraising efficiency ratio indicates minimal costs associated with raising funds, highlighting effective resource management.
While the data indicates no limitations in financial practices or governance, the summary lacks information about the specific impact and outcomes of Borealis Philanthropy's programs. Overall, the organization presents a strong financial standing, but potential donors may seek more details regarding its programmatic effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Borealis Philanthropy legitimate?
Borealis Philanthropy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Borealis Philanthropy 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: $260,505
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,396,769
For more financial information, click here
Official website here: www.borealisphilathropy.org
What is the mission statement of Borealis Philanthropy?
Borealis Philanthropy channels resources towards individuals and groups building thriving communities that benefit everyone, with those disproportionately affected by injustice taking the lead. They invest in dynamic leaders, organizations, and movements employing diverse and innovative approaches to instigate transformational change. Working with donors, they extend support to various movements in ways they might not be able to manage independently. Through collaboration with both funders and grantee partners, Borealis Philanthropy strives to redistribute power and invest in communities.
Official website here: www.borealisphilathropy.org
Who is the CEO of Borealis Philanthropy?
Amoretta Morris is the Director of Borealis Philanthropy.
Official website here: www.borealisphilathropy.org
What is the revenue of Borealis Philanthropy?
Borealis Philanthropy's revenue in 2022 was $37,532,996.
Official website here: www.borealisphilathropy.org
Who are the executives of Borealis Philanthropy and what are their salaries?
The average compensation at Borealis Philanthropy during 2022 was $95,046. There are 49 employees and 8 volunteers at Borealis Philanthropy.
Here are 15 key members and their salaries:
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- Compensation: $173,742
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- Other: $16,081
- Compensation: $171,194
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- Other: $15,372
- Compensation: $150,831
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- Other: $15,450
- Compensation: $143,546
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- Other: $6,782
Official website here: www.borealisphilathropy.org
Where can I find the form 990 for Borealis Philanthropy?
Borealis Philanthropy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.borealisphilathropy.org
Learn more at the official website: www.borealisphilathropy.org
Mission Statement of Borealis Philanthropy
Borealis Philanthropy is a philanthropic organization that channels resources towards individuals and communities striving to build thriving, inclusive spaces that benefit everyone, with those most affected by injustice taking the lead. Empowering people, Borealis Philanthropy invests in innovative leaders, organizations, and social movements, providing them with the means to bring about transformative change. In conjunction with donors, Borealis Philanthropy collaborates to support movements that might otherwise be beyond their reach. Through its partnerships with both funders and grantees, Borealis Philanthropy aspires to redistribute power and invest in communities. By funding and amplifying the efforts of those at the forefront of change, Borealis Philanthropy strives to bring about a more equitable and just society.
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Impact
October, 2024
Borealis Philanthropy directs resources to individuals and organizations dedicated to building powerful, thriving communities, prioritizing those most affected by injustice. By investing in leaders, grassroots organizations, and movements, Borealis employs diverse and innovative strategies to foster transformational change.
One key initiative is the Black-Led Movement Fund, which supports the Movement for Black Lives (M4BL) and other politically aligned organizations. This fund enhances their ability to influence policy for Black communities, create alternatives to harmful institutions, and strengthen local Black community power. In 2022 alone, Borealis provided significant financial support: $7.9 million in organizational development grants to 71 grantee partners, $380,000 in special opportunity grants to 6 partners, and $1.25 million in rapid response grants to 36 partners. Through these efforts, Borealis aims not only to shift power dynamics but also to invest deeply in communities striving for justice, safety, and liberation.
This information is meant to be a general summary of Borealis Philanthropy. 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: $354,807
- Gross Receipts: $37,532,996
Assets and Liabilities:
- Total Assets: $88,580,581
- Total Liabilities: $11,409,800
- Net Assets: $77,170,781
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Organization Details
Founding Year
2014
Phone
(612) 224-9644Principal Officer
Amoretta Morris
Main Address
PO BOX 3295, MINNEAPOLIS, MN, 55403
Website
www.borealisphilathropy.orgNTEE Category
Code: A99 - Arts
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