NEW BREATH FOUNDATION

EIN: 814166805 501(c)(3) Education

OAKLAND, CA

Total Revenue
$1,804,977
Total Expenses
$3,165,415
Total Assets
$2,744,828
Net Assets
$2,641,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
CA
Principal Officer
EDDY ZHENG
Phone
5105606228
Tax Period
2024-01-01 to 2024-12-31

NEW BREATH FOUNDATION, founded in 2016, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 75% operating deficit.

Mission

NEW BREATH FOUNDATION PROVIDES PIVOTAL GRASSROOTS ORGANIZATIONS THE SUSTAINABLE RESOURCES THEY NEED TO GIVE NEW BEGINNINGS TO AANHPIS HARMED BY INCARCERATION, DEPORTATION, AND SYSTEMS OF VIOLENCE IN THE U.S.

Program Service Accomplishments

Program 1
Expenses: $2,664,226

TARGETED GRANTMAKING: NBF GRANTS GRASSROOTS AANHPI ORGANIZATIONS WITH DEMONSTRATED EXPERIENCE LEADING RACIAL JUSTICE EFFORTS WHILE PROMOTING LEADERSHIP OF THE FORMERLY INCARCERATED, CRIMINALIZED...

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TARGETED GRANTMAKING: NBF GRANTS GRASSROOTS AANHPI ORGANIZATIONS WITH DEMONSTRATED EXPERIENCE LEADING RACIAL JUSTICE EFFORTS WHILE PROMOTING LEADERSHIP OF THE FORMERLY INCARCERATED, CRIMINALIZED COMMUNITIES, AND THOSE IMPACTED BY DETENTION AND DEPORTATION. MOST GRANTEES HAVE ANNUAL BUDGETS UNDER 1 MILLION. IN 2024, NBF AND COMMUNITY STAKEHOLDERS IDENTIFIED FOUR ORGANIZATIONS TO RECEIVE BETWEEN 160,000-210,000 EACH THROUGH THE WE GOT US FUND, A DONOR-ADVISED FUND MANAGED BY THE EAST BAY COMMUNITY FOUNDATION. NINE RETURNING GRANTEE ORGANIZATIONS WERE AWARDED BETWEEN 30,000 AND 90,000 AS WELL. THROUGH THE NEW BREATH FUND, MANAGED BY NBF, SIX ORGANIZATIONS RECEIVED 20,000 GENERAL GRANTS, AND 19 ORGANIZATIONS RECEIVED STAFF DISCRETIONARY GRANTS FROM 1000-5000.

Program 2

GRANTEE ORGANIZING, CAPACITY & RESOURCE BUILDING: NBF CONTINUES TO BUILD THE CAPACITY OF OUR GRASSROOTS NONPROFIT PARTNERS. WE HAVE LEVERAGED RESOURCES FOR GRANTEES THROUGH INTRODUCTIONS TO OTHER...

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GRANTEE ORGANIZING, CAPACITY & RESOURCE BUILDING: NBF CONTINUES TO BUILD THE CAPACITY OF OUR GRASSROOTS NONPROFIT PARTNERS. WE HAVE LEVERAGED RESOURCES FOR GRANTEES THROUGH INTRODUCTIONS TO OTHER FUNDERS, COACHES, CAPACITY ASSESSMENTS, AND ADVISING. IN 2024, WE CONTINUED OUR CAPACITY- BUILDING SUPPORT FOR ALL WE GOT US FUND GRANTEES, INCLUDING UP TO 20 HOURS FOR EACH ORGANIZATION IN DIRECT COACHING SERVICES, A SELF- ADMINISTERED ASSESSMENT TOOL VALUED AT 500 PER ORGANIZATION, AND OUR IN-PERSON CONVENING, WHICH BROUGHT TOGETHER 24 ORGANIZATIONS ACROSS THE COUNTRY FOR 3 DAYS TO LEARN, STRATEGIZE, AND COLLABORATE. AT THE END OF 2024 WE EVALUATED OUR CAPACITY BUILDING. 100% OF GRANTEES RESPONDED POSITIVELY, AND WE FOUND HIGH RATES OF PROGRAM PARTICIPATION.

Program 3

LEADERSHIP PATHWAYS: FROM ITS INCEPTION, NBF WAS DESIGNED AS A VEHICLE FOR LEADERSHIP PATHWAYS TO PHILANTHROPY FOR AANHPI COMMUNITIES DIRECTLY IMPACTED BY VIOLENCE DUE TO THE CRIMINAL-LEGAL AND...

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LEADERSHIP PATHWAYS: FROM ITS INCEPTION, NBF WAS DESIGNED AS A VEHICLE FOR LEADERSHIP PATHWAYS TO PHILANTHROPY FOR AANHPI COMMUNITIES DIRECTLY IMPACTED BY VIOLENCE DUE TO THE CRIMINAL-LEGAL AND DEPORTATION SYSTEMS. ONE WAY IS THROUGH LEADERSHIP DEVELOPMENT SUPPORT TO GRANTEES AND MEMBERS OF OUR COMMUNITY ADVISORY COMMITTEE (CAC). WE DEVELOPED OUR PARTICIPATORY GRANTMAKING PROCESS WITH CAC MEMBERS, WHO SHARE RECOMMENDATIONS FROM THE FIELD, KEY STRATEGIES, AND POSSIBLE GRANTEES. 75% OF THE CAC ARE JUSTICE SYSTEM-IMPACTED AND VIOLENCE-IMPACTED LEADERS. THE CAC IS ITSELF A VEHICLE TO INCREASE PARTICIPATION IN PHILANTHROPY FOR FOLKS FROM MARGINALIZED AANHPI COMMUNITIES. PLEASE SEE SCHEDULE O FOR FURTHER INFORMATION

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,736,172
Program Service Revenue $25
Investment Income $68,340
Other Revenue $440
TOTAL REVENUE $1,804,977

Expense Breakdown

Grants Paid $1,583,625
Salaries & Benefits $946,519
Fundraising Expenses $198,581
Program Expenses $2,664,226
Other Expenses $635,271
TOTAL EXPENSES $3,165,415

Year-over-Year Comparison

2024 2023 Change
Revenue $1,804,977 $4,388,649 -0.6%
Expenses $3,165,415 $4,163,057 -0.2%
Net Income $-1,360,438 $225,592 -7.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
6
Volunteers
N/A

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
4
$221,265
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACHARY NIGHTINGALE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JINA FREIBERG SECRETARY 1.00
Officer Director
$0 $0 $0
JONNY MOY TREASURER 1.00
Officer Director
$0 $0 $0
EDDY ZHENG PRESIDENT 40.00
Officer
$178,769 $42,496 $221,265
MCARTHUR HOANG BOARD OF DIR 1.00
Director
$0 $0 $0
DANIEL LEE BOARD OF DIR 1.00
Director
$0 $0 $0
ISABELLE LEIGHTON BOARD OF DIR 1.00
Director
$0 $0 $0
AAKAR VACHHANI BOARD OF DIR 1.00
Director
$0 $0 $0
SACHI YOSHII BOARD OF DIR 1.00
Director
$0 $0 $0
LUIGI FU BOARD OF DIR 1.00
Director
$0 $0 $0
KEITH WATTLEY BOARD OF DIR 1.00
Director
$0 $0 $0
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 $1,804,977 $3,165,415 $2,744,828 $-1,360,438
2023 $4,388,649 $4,163,057 $4,080,762 $225,592
2022 $3,607,970 $2,066,079 $3,845,458 $1,541,891
2021 $2,697,798 $1,086,820 $2,265,445 $1,610,978
2020 $454,348 $361,199 $698,469 $93,149
2019 $625,941 $277,744 $553,448 $348,197
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