CO-IMPACT PHILANTHROPIC FUNDS INC

EIN: 882408684 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$41,341,748
Total Expenses
$84,892,538
Total Assets
$272,921,569
Net Assets
$262,090,995
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
VICKY HAWK
Phone
9197928940
Tax Period
2024-01-01 to 2024-12-31

CO-IMPACT PHILANTHROPIC FUNDS INC, founded in 2022, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $41.3M in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $84.9M exceeded revenue, resulting in a 105% operating deficit.

Mission

PHILANTHROPIC COLLABORATIVE FOCUSED ON IMPROVING LIVES THROUGH JUST & INCLUSIVE SYSTEMS CHANGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,383,584
Program Service Revenue $75,000
Investment Income $8,883,164
Other Revenue $0
TOTAL REVENUE $41,341,748

Expense Breakdown

Grants Paid $71,156,815
Salaries & Benefits $8,891,093
Fundraising Expenses $314,414
Program Expenses $77,871,269
Other Expenses $4,844,630
TOTAL EXPENSES $84,892,538

Year-over-Year Comparison

2024 2023 Change
Revenue $41,341,748 $360,064,037 -0.9%
Expenses $84,892,538 $73,834,767 +0.1%
Net Income $-43,550,790 $286,229,270 -1.2%
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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Governance

Voting Members
11
Independent Members
11
Employees
46
Volunteers
11

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
$1,333,124
Total Directors
12
$638,762
Key Employees
2
$478,625
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OLIVIA LELAND - FOUNDER CEO & BOARD MEMBER (NON-VOTING) 40.00
Officer Director
$536,673 $52,589 $589,262
PATTY STONESIFER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
INGRID SRINATH BOARD VICE-CHAIR 1.00
Director
$19,500 $0 $19,500
NICOLA FORREST AO BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA GARCIA BOARD MEMBER 1.00
Director
$15,000 $0 $15,000
MARYANA ISKANDER BOARD MEMBER 1.00
Director
$10,000 $0 $10,000
SAADIA MADSBJERG BOARD MEMBER (AS OF 05/2024) 1.00
Director
$0 $0 $0
TSITSI MASIYIWA BOARD MEMBER 1.00
Director
$0 $0 $0
ALESSANDRA OROFINO BOARD MEMBER (AS OF 11/2024) 1.00
Director
$0 $0 $0
RAJ PANJABI BOARD MEMBER (AS OF 05/2024) 1.00
Director
$0 $0 $0
HILARY PENNINGTON BOARD MEMBER (AS OF 05/2024) 1.00
Director
$5,000 $0 $5,000
ANITA ZAIDI BOARD MEMBER 1.00
Director
$0 $0 $0
VICKY HAWK CHIEF FINANCIAL OFFICER/TREASURER 40.00
Officer
$205,741 $48,318 $254,059
PAMELA FOSTER CHIEF OPERATING OFFICER/SECRETARY 40.00
Officer
$422,898 $66,905 $489,803
MARIA ALFONSINA PENALOZA DIR. PRGMS, LATIN AM & GLOBAL 40.00
Key Emp
$214,414 $26,344 $240,758
MARY WANDIA WANJIRU REGIONAL DIRECTOR, AFRICA 40.00
Key Emp
$210,233 $27,634 $237,867
ANNA-MARIE HARLING - MANAGING DIRECTOR, PHILANTHROPIC COLLAB. 40.00
Highest
$311,390 $40,170 $351,560
YASMIN MADAN - DIRECTOR US LEAD, PHILANTHROPIC COLLABORATION 40.00
Highest
$248,616 $42,764 $291,380
ABRAHAM GRINDLE DIRECTOR, PROGRAMS 40.00
Highest
$223,368 $39,764 $263,132
VARJA LIPOVSEK DIR., LEARNING, MEAS. & EVAL. 40.00
Highest
$245,414 $59,143 $304,557
SHAGUN SABARWAL REGIONAL DIRECTOR, ASIA 40.00
Highest
$216,955 $25,522 $242,477
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 $41,341,748 $84,892,538 $272,921,569 $-43,550,790
2023 $360,064,037 $73,834,767 $318,248,255 $286,229,270
2022 $75,000,000 $45,957,649 $31,800,505 $29,042,351
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