Nonprofit · EIN 77-0071852
THOUSAND CURRENTS
Tax-exempt · SAN FRANCISCO, CA 94104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,040,330 | $54,500,661 | -$34,460,331 | $28,024,818 | $973,707 | $27,051,111 |
| June 30, 2024 | 990 | $63,561,449 | $30,786,167 | $32,775,282 | $63,311,041 | $2,068,206 | $61,242,835 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $19,131,068
- Program service revenue
- $0
- Investment income
- $904,175
- Net gain from sales of assets
- $19,211
- Other revenue
- $5,087
Expenses
- Grants and similar amounts paid
- $44,698,559
- Compensation of officers, directors and key employees
- $1,281,481
- Other salaries and wages
- $4,039,197
- Salaries, compensation and benefits (total)
- $6,313,099
- Professional fundraising fees
- $0
- Legal fees
- $104,256
- Accounting fees
- $93,870
- Occupancy
- $39,670
- Travel
- $1,170,513
- Depreciation
- $3,324
- Program services (functional)
- $50,836,191
- Management and general (functional)
- $1,939,815
- Fundraising (functional)
- $1,724,655
Balance sheet and other
- Total assets, start of year
- $63,311,041
- Total assets, end of year
- $28,024,818
- Total liabilities, end of year
- $973,707
- Net assets, end of year
- $27,051,111
- Land, buildings and equipment
- $8,117
- Publicly traded securities
- $4,698,215
- Net assets without donor restrictions
- $22,949,815
- Net assets with donor restrictions
- $4,101,296
- Gross receipts
- $20,249,014
- Employees
- 31
- Volunteers
- 8
- Year formed
- 1988
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SOLOME LEMMA | PRESIDENT & CEO Officer | 38 | $267,780 | $26,278 |
| KATHERINE ZAVALA | (FORMER) DIR OF LEARNING INIT Former | 38 | $250,930 | $3,011 |
| CINDY CLARK | VICE PRESIDENT, GLOBAL OPERATIONS Key employee | 38 | $187,938 | $50,147 |
| ZANELE SIBANDA | VICE PRESIDENT, GLOBAL PROGRAMS Key employee | 38 | $187,938 | $37,539 |
| RAJIV KHANNA | VP, CTR FOR TRANSFORM PHILANTHROPY Key employee | 38 | $187,597 | $27,617 |
| JENESHA DE RIVERA | VICE PRESIDENT, FINANCE Officer | 38 | $180,121 | $34,818 |
| JESSICA SPECTOR | DONOR ORGANIZING DIRECTOR Highest-paid employee | 38 | $129,821 | $29,376 |
| CINDY DEL ROSARIO TAPPAN | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 38 | $141,389 | $15,515 |
| KELLI BOYER | DIRECTOR OF PEOPLE AND TALENT Highest-paid employee | 38 | $141,190 | $14,958 |
| HEATHER MASAKI | DIRECTOR OF GRANTS OPERATIONS Highest-paid employee | 38 | $125,976 | $16,092 |
| AMY GRAY | LEARNING AND EVALUATION DIRECTOR Highest-paid employee | 38 | $124,563 | $2,257 |
| SHILPA ALIMCHANDANI | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| FLAVIA JIMENEZ | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| HERSCHELLE MILFORD | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SIHLE DINANI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE REDDY | DIRECTOR Trustee or director | 2 | $0 |
| ASAD REHMAN | DIRECTOR Trustee or director | 2 | $0 |
| RUTH SAWYER | DIRECTOR Trustee or director | 2 | $0 |
| MANDY VAN DEVEN | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SOLOME LEMMA | CEO Officer | 38 | $191,182 | $27,042 |
| KATHERINE ZAVALA | DIR. OF LEARNING INITIATIVES Highest-paid employee | 38 | $147,880 | $39,004 |
| RAJIV KHANNA | DIR. OF PHILANTHROPIC PARTNERSHIPS Key employee | 38 | $152,522 | $23,443 |
| JENESHA DE RIVERA | VICE PRESIDENT Officer | 38 | $141,127 | $26,591 |
| CINDY DEL ROSARIO TAPPAN | DIR. OF COMMUNICATIONS Highest-paid employee | 38 | $128,195 | $32,809 |
| SHILPA ALIMCHANDANI | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| HERSCHELLE MILFORD | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| RUTH SAWYER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHELLE REDDY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SIHLE DINANI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ASAD REHMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| FLAVIA JIMENEZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MANDY VAN DEVEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 548 MARKET STREET 62831, SAN FRANCISCO, CA 94104-5401
- Principal officer (990 for 2024)
- SOLOME LEMMA, 548 MARKET STREET 62831, SAN FRANCISCO, CA 941045401
- Signed the 990
- JENESHA DE RIVERA, VICE PRESIDENT, FINANCE
- Phone
- (415) 824-8384
- Website
- WWW.THOUSANDCURRENTS.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0071852 or by the name THOUSAND CURRENTS.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THROUGH OUR GRANT MAKING PROGRAM, THOUSAND CURRENTS PARTNERS WITH ORGANIZATIONS AND MOVEMENTS IN THE GLOBAL SOUTH THAT ARE CREATING LASTING SOLUTIONS TO SOCIETAL CHALLENGES. OUR PARTNERS DEVELOP SOLUTIONS THAT ARE INNOVATIVE AND IMPACTFUL. THEY WORK TO ENSURE THEIR COMMUNITIES HAVE ACCESS TO HEALTHY AND LOCALLY GROWN FOOD, ARE ABLE TO ENJOY ECONOMIC PROSPERITY THAT GENERATES WELLBEING FOR ALL PEOPLE, AND LIVE IN A SAFE AND HEALTHY ENVIRONMENT THAT SUPPORTS ABUNDANT LIFE.
Program accomplishments
- GRANTS AND GRANTEE SERVICES: IN ADDITION TO PROVIDING FINANCIAL RESOURCES TO PARTNERS IN AFRICA, ASIA, AND LATIN AMERICA, THOUSAND CURRENTS ORGANIZES LOCAL AND TRANSNATIONAL LEARNING EXCHANGES AND FACILITATES STRATEGIC NETWORKS AND ALLIANCES. THROUGH THE CLIMATE LEADERS IN MOVEMENT ACTION FUND (CLIMA), THOUSAND CURRENTS WORKS IN COLLABORATION WITH PEERS TO INCREASE RESOURCES TO OUR GRASSROOTS PARTNERS.Expenses $49,101,786 · grants $44,698,559
- PHILANTHROPIC ORGANIZING AND OUTREACH: THOUSAND CURRENTS WORKS TO EDUCATE, TRAIN AND SUPPORT PHILANTHROPISTS TO ENGAGE IN MEANINGFUL AND TRANSFORMATIVE GIVING THROUGH PROGRAMS SUCH AS THE THOUSAND CURRENTS ACADEMY WHICH ARE HOUSED UNDER THOUSAND CURRENTS' CENTER FOR TRANSFORMING PHILANTHROPY. THE CENTER FOR TRANSFORMING PHILANTHROPY IS A COMPREHENSIVE, TIMELY, AND FIELD-BUILDING APPROACH TO SHIFTING PRACTICES IN THE PHILANTHROPY.Expenses $1,734,405
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0071852
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q300)
- Assets (IRS master file)
- $28,024,818
- Income (IRS master file)
- $20,249,014
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,040,330 | $54,500,661 | $28,024,818 | IRS |
| 990 | June 2024 | $63,561,449 | $30,786,167 | $63,311,041 | IRS |
| 990 | June 2023 | $23,796,383 | $23,889,477 | $28,892,801 | IRS |
| 990 | June 2022 | $25,200,495 | $13,695,517 | $28,732,895 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0071852).
Questions about THOUSAND CURRENTS
- What is the EIN of THOUSAND CURRENTS?
- The employer identification number (EIN) of THOUSAND CURRENTS is 77-0071852.
- Is THOUSAND CURRENTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to THOUSAND CURRENTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THOUSAND CURRENTS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THOUSAND CURRENTS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THOUSAND CURRENTS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THOUSAND CURRENTS?
- The 990 for the year ended June 30, 2025 names SOLOME LEMMA.
- Who are the officers and directors of THOUSAND CURRENTS?
- The 990 for the year ended June 30, 2025 lists 19 people; 11 received compensation from the organization, the highest $267,780 (SOLOME LEMMA, PRESIDENT & CEO).
- How much revenue does THOUSAND CURRENTS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,040,330, expenses of $54,500,661 and total assets of $28,024,818 at year end.
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