BENEFICIAL STATE FOUNDATION

EIN: 205253663 501(c)(3) Public & Societal Benefit

OAKLAND, CA

Total Revenue
$7,525,287
Total Expenses
$7,670,444
Total Assets
$117,915,206
Net Assets
$115,293,460
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DE
Principal Officer
ERIN KILMER NEEL
Phone
5104102036
Tax Period
2023-01-01 to 2023-12-31

BENEFICIAL STATE FOUNDATION, founded in 2006, is a community nonprofit in the Public & Societal Benefit sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Net assets of $115.3M represent 184 months of operating reserves.

Mission

TO COMBAT ECONOMIC DISTRESS AND ENCOURAGE COMMUNITY DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,240,351
Program Service Revenue $0
Investment Income $241,930
Other Revenue $43,006
TOTAL REVENUE $7,525,287

Expense Breakdown

Grants Paid $2,741,062
Salaries & Benefits $3,029,926
Fundraising Expenses $0
Program Expenses $6,532,456
Other Expenses $1,899,456
TOTAL EXPENSES $7,670,444

Year-over-Year Comparison

2023 2022 Change
Revenue $7,525,287 $5,676,276 +0.3%
Expenses $7,670,444 $6,761,798 +0.1%
Net Income $-145,157 $-1,085,522 -0.9%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
26
Volunteers
5

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$389,884
Total Directors
5
$0
Key Employees
1
$204,806
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT WILKINS PRESIDENT 0.50
Officer Director
$0 $0 $0
ELMY BERMEJO BOARD DIRECTOR 0.50
Director
$0 $0 $0
ANGELA GLOVER DAVIS BOARD DIRECTOR 0.50
Director
$0 $0 $0
JANIECE EVANS-PAGE BOARD DIRECTOR 0.50
Director
$0 $0 $0
KAT TAYLOR BOARD DIRECTOR 0.50
Director
$0 $0 $0
ERIN KILMER NEEL EXECUTIVE DIRECTOR 43.34
Officer
$200,146 $13,070 $213,216
ANNIE BAKKE CLAYBAUGH SECRETARY/TREAS./VP, OPS & FINANCE 43.34
Officer
$142,085 $34,583 $176,668
DARNELL GRISBY SVP, CLEAN VEHICLE ASST. PROGRAM 43.34
Key Emp
$192,490 $12,316 $204,806
WILLIAM AARON KRISTIN STRATEGIC COMMUNICATION DIRECTOR 43.34
Highest
$136,634 $8,990 $145,624
FRANCIS DENNIS JANES INDUSTRY RELATIONS/PARTNERSHIPS DIR. 43.34
Highest
$127,935 $26,427 $154,362
QUINNTAVIOUS WILLIAMS DIRECTOR, EQUITABLE BANK STANDARDS 43.34
Highest
$124,104 $14,497 $138,601
RODRIGO SANDOVAL OPERATIONS DIRECTOR 43.34
Highest
$122,869 $18,258 $141,127
EMILY ELLICKSON-BROWN ASSOCIATE DIRECTOR, FINANCE 43.34
Highest
$114,406 $31,187 $145,593
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $7,525,287 $7,670,444 $117,915,206 $-145,157
2022 $5,676,276 $6,761,798 $122,226,419 $-1,085,522
2021 $22,406,818 $23,851,666 $119,858,062 $-1,444,848
2020 $14,451,736 $11,306,355 $116,691,991 $3,145,381
2019 $5,533,095 $5,257,343 $113,005,036 $275,752
2018 $21,563,772 $3,564,613 $112,496,822 $17,999,159
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