Nonprofit · EIN 88-2408684
CO-IMPACT PHILANTHROPIC FUNDS INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $41,341,748 | $84,892,538 | -$43,550,790 | $272,921,569 | $10,830,574 | $262,090,995 |
| December 31, 2023 | 990 | $360,064,037 | $73,834,767 | $286,229,270 | $318,248,255 | $8,720,974 | $309,527,281 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $32,383,584
- Program service revenue
- $75,000
- Investment income
- $8,883,164
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $71,156,815
- Compensation of officers, directors and key employees
- $3,237,531
- Other salaries and wages
- $5,653,562
- Salaries, compensation and benefits (total)
- $8,891,093
- Professional fundraising fees
- $0
- Legal fees
- $376,464
- Accounting fees
- $168,737
- Travel
- $1,135,566
- Program services (functional)
- $77,871,269
- Management and general (functional)
- $6,706,855
- Fundraising (functional)
- $314,414
Balance sheet and other
- Total assets, start of year
- $318,248,255
- Total assets, end of year
- $272,921,569
- Total liabilities, end of year
- $10,830,574
- Net assets, end of year
- $262,090,995
- Net assets with donor restrictions
- $262,090,995
- Gross receipts
- $41,341,748
- Employees
- 46
- Volunteers
- 11
- Year formed
- 2022
- State of legal domicile
- DE
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLIVIA LELAND - FOUNDER | CEO & BOARD MEMBER (NON-VOTING) Trustee or director, Officer | 40 | $536,673 | $52,589 |
| PAMELA FOSTER | CHIEF OPERATING OFFICER/SECRETARY Officer | 40 | $422,898 | $66,905 |
| ANNA-MARIE HARLING - MANAGING | DIRECTOR, PHILANTHROPIC COLLAB. Highest-paid employee | 40 | $311,390 | $40,170 |
| VARJA LIPOVSEK | DIR., LEARNING, MEAS. & EVAL. Highest-paid employee | 40 | $245,414 | $59,143 |
| YASMIN MADAN - DIRECTOR | US LEAD, PHILANTHROPIC COLLABORATION Highest-paid employee | 40 | $248,616 | $42,764 |
| ABRAHAM GRINDLE | DIRECTOR, PROGRAMS Highest-paid employee | 40 | $223,368 | $39,764 |
| VICKY HAWK | CHIEF FINANCIAL OFFICER/TREASURER Officer | 40 | $205,741 | $48,318 |
| SHAGUN SABARWAL | REGIONAL DIRECTOR, ASIA Highest-paid employee | 40 | $216,955 | $25,522 |
| MARIA ALFONSINA PENALOZA | DIR. PRGMS, LATIN AM & GLOBAL Key employee | 40 | $214,414 | $26,344 |
| MARY WANDIA WANJIRU | REGIONAL DIRECTOR, AFRICA Key employee | 40 | $210,233 | $27,634 |
| INGRID SRINATH | BOARD VICE-CHAIR Trustee or director | 1 | $19,500 | $0 |
| LAURA GARCIA | BOARD MEMBER Trustee or director | 1 | $15,000 | $0 |
| MARYANA ISKANDER | BOARD MEMBER Trustee or director | 1 | $10,000 | $0 |
| HILARY PENNINGTON | BOARD MEMBER (AS OF 05/2024) Trustee or director | 1 | $5,000 | $0 |
| PATTY STONESIFER | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICOLA FORREST AO | BOARD MEMBER Trustee or director | 1 | $0 |
| SAADIA MADSBJERG | BOARD MEMBER (AS OF 05/2024) Trustee or director | 1 | $0 |
| TSITSI MASIYIWA | BOARD MEMBER Trustee or director | 1 | $0 |
| ALESSANDRA OROFINO | BOARD MEMBER (AS OF 11/2024) Trustee or director | 1 | $0 |
| RAJ PANJABI | BOARD MEMBER (AS OF 05/2024) Trustee or director | 1 | $0 |
| ANITA ZAIDI | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLIVIA LELAND - FOUNDER | CEO & BOARD MEMBER (NON-VOTING) Trustee or director, Officer | 40 | $499,658 | $47,546 |
| PAMELA FOSTER | CHIEF OPERATING OFFICER/SECRETARY Officer | 40 | $394,391 | $70,368 |
| RAKESH RAJANI | VP, PROGRAMS (THRU 08/2023) Highest-paid employee | 40 | $310,747 | $45,814 |
| ANNA-MARIE HARLING - MANAGING | DIRECTOR, PHILANTHROPIC COLLAB. Highest-paid employee | 40 | $257,713 | $42,687 |
| VARJA LIPOVSEK | DIR., LEARNING, MEAS. & EVAL. Highest-paid employee | 40 | $215,520 | $70,453 |
| YASMIN MADAN - DIRECTOR | US LEAD, PHILANTHROPIC COLLABORATION Highest-paid employee | 40 | $200,850 | $40,676 |
| ABRAHAM GRINDLE | DIRECTOR, PROGRAMS Highest-paid employee | 40 | $201,116 | $40,240 |
| VICKY HAWK | CHIEF FINANCIAL OFFICER/TREASURER Officer | 40 | $185,128 | $45,830 |
| MARY WANDIA WANJIRU | REGIONAL DIRECTOR, AFRICA Key employee | 40 | $200,476 | $28,734 |
| MARIA ALFONSINA PENALOZA - DIR | PROGRAMS, LATIN AMERICA & GLOBAL Key employee | 40 | $197,991 | $24,294 |
| TSITSI MASIYIWA | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PATTY STONESIFER - BOARD | MEMBER/VICE-CHAIR (AS OF 05/2023) Trustee or director | 1 | $0 | $0 |
| LAURA GARCIA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GARGEE GHOSH | BOARD MEMBER (THRU 12/31/2023) Trustee or director | 1 | $0 | $0 |
| MARYANA ISKANDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| INGRID SRINATH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NICOLA FORREST AO | BOARD MEMBER (AS OF 05/2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1178 BROADWAY 3RD FLOOR 144, NEW YORK, NY 10001-5666
- In care of
- % THE ROCKEFELLER FOUNDATION
- Principal officer (990 for 2024)
- VICKY HAWK, 1178 BROADWAY 3RD FLOOR 144, NEW YORK, NY 10001
- Signed the 990
- VICKY HAWK, CHIEF FINANCIAL OFFICER/TREASURER
- Phone
- (919) 792-8940
- Website
- WWW.CO-IMPACT.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O
Program accomplishments
- OUR FOUNDATIONAL FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON SUPPORTING ORGANIZATIONS TO ACHIEVE PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES IN THE SECTORS OF HEALTH, EDUCATION, AND ECONOMIC OPPORTUNITY. THROUGH THIS FUND, WE AWARD LONG-TERM, FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA THAT ARE WORKING WITH POWERFUL COALITIONS, OFTEN INCLUDING LOCAL AND NATIONAL GOVERNMENT ACTORS, TO EFFECT LARGE-SCALE CHANGE; WE AWARDED TWO GRANTS IN 2024 AND ARE SUPPORTING OVER 20 INITIATIVES OVERALL. IN ADDITION TO PROVIDING GRANT FUNDING, CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.Expenses $37,702,138 · grants $34,368,039
- OUR GENDER FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON TRANSFORMATIVE SYSTEMS CHANGE, ACHIEVING PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES, WITH AN EMPHASIS ON ELEVATING WOMEN'S POWER, AGENCY, AND LEADERSHIP AT ALL LEVELS. THROUGH THIS FUND, WE AWARD FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA; WE AWARDED 34 GRANTS IN 2024 AND ARE SUPPORTING OVER 100 INITIATIVES OVERALL. OUR GRANT RECIPIENTS ARE WORKING WITH POWERFUL COALITIONS TO EFFECT CHANGE IN SUCH AREAS AS EARLY CHILDHOOD DEVELOPMENT, SOCIAL-EMOTIONAL LEARNING, CARE ECONOMY, MATERNAL HEALTH, WOMEN'S HEALTH, LAND RIGHTS AND NATURAL RESOURCE MANAGEMENT, AND WOMEN'S LEADERSHIP. IN ADDITION TO PROVIDING GRANT FUNDING, (SEE SCHEDULE O)CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.Expenses $40,169,131 · grants $36,788,776 · revenue $75,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-2408684
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $272,921,569
- Income (IRS master file)
- $41,341,748
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $41,341,748 | $84,892,538 | $272,921,569 | XML |
| 990 | December 2023 | $360,064,037 | $73,834,767 | $318,248,255 | XML |
| 990 | December 2022 | $75,000,000 | $45,957,649 | $31,800,505 | 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 88-2408684).
Questions about CO-IMPACT PHILANTHROPIC FUNDS INC
- What is the EIN of CO-IMPACT PHILANTHROPIC FUNDS INC?
- The employer identification number (EIN) of CO-IMPACT PHILANTHROPIC FUNDS INC is 88-2408684.
- Is CO-IMPACT PHILANTHROPIC FUNDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CO-IMPACT PHILANTHROPIC FUNDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CO-IMPACT PHILANTHROPIC FUNDS INC 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 CO-IMPACT PHILANTHROPIC FUNDS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CO-IMPACT PHILANTHROPIC FUNDS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CO-IMPACT PHILANTHROPIC FUNDS INC?
- The 990 for the year ended December 31, 2024 names VICKY HAWK.
- Who are the officers and directors of CO-IMPACT PHILANTHROPIC FUNDS INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 14 received compensation from the organization, the highest $536,673 (OLIVIA LELAND - FOUNDER, CEO & BOARD MEMBER (NON-VOTING)).
- How much revenue does CO-IMPACT PHILANTHROPIC FUNDS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $41,341,748, expenses of $84,892,538 and total assets of $272,921,569 at year end.
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