SHARED ASCENT FUND: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SHARED ASCENT FUND (EIN 83-4584093)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-10-24
IRS object ID
202222979349301562
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-10-24T17:19:39-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN680037990PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GILBERT CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12880 GATEWAY OAKS DR STE 100AddressLine1Txt
CitySACRAMENTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95833ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN834584093EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SHARED ASCENT FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHARBusinessNameControlTxt
Phone9164425057PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 CAPITOL MALL STE 1095AddressLine1Txt
CitySACRAMENTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95814ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAVI GARBOWPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9164425057PhoneNum
Signature2022-10-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAVIPersonFirstNm
Person LastGARBOWPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEITH R GLENPreparerPersonNm
PTINP01317613PTIN
Phone9166466464PhoneNum
Preparation2022-09-20PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerAVI GARBOWPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 CAPITOL MALL STE 1095AddressLine1Txt
CitySACRAMENTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95814ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$8,924,334GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://SHAREDASCENTFUND.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionSHARED ASCENT FUND'S MISSION IS TO PROMOTE THE COMMON GOOD BY UPHOLDING DEMOCRATIC VALUES, PROMOTING HEALTH, AND ADVANCING SOCIAL EQUITY.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee41TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,738,692PYContributionsGrantsAmt
CY Contributions Grants$8,646,643CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$35,000CYProgramServiceRevenueAmt
PY Investment Income$1,205PYInvestmentIncomeAmt
CY Investment Income-$5,430CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,739,897PYTotalRevenueAmt
CY Total Revenue$8,676,213CYTotalRevenueAmt
PY Grants And Similar Paid$2,475,444PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,725,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$70,712PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$768,711CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$29,046CYTotalFundraisingExpenseAmt
PY Other Expenses$47,446PYOtherExpensesAmt
CY Other Expenses$401,250CYOtherExpensesAmt
PY Total Expenses$2,593,602PYTotalExpensesAmt
CY Total Expenses$4,894,961CYTotalExpensesAmt
PY Revenues Less Expenses-$853,705PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$3,781,252CYRevenuesLessExpensesAmt
Total Assets BOY$199,745TotalAssetsBOYAmt
Total Assets EOY$4,357,054TotalAssetsEOYAmt
Total Liabilities BOY$16,870TotalLiabilitiesBOYAmt
Total Liabilities EOY$392,927TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$182,875NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,964,127NetAssetsOrFundBalancesEOYAmt
MissionSHARED ASCENT FUND'S MISSION IS TO PROMOTE THE COMMON GOOD BY UPHOLDING DEMOCRATIC VALUES, PROMOTING HEALTH, AND ADVANCING SOCIAL EQUITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$4,747,100ExpenseAmt
Grant$3,725,000GrantAmt
Revenue$35,000RevenueAmt
DescIN 2021, SHARED ASCENT FUND (SAF) SUPPORTED EFFORTS TO MAINTAIN AND STRENGTHEN VOTING RIGHTS; STRENGTHEN HEALTH CARE POLICIES AND ACCESS FOR ALL; AND COUNTER SYSTEMIC RACISM IN AMERICA. IN ADDITION TO GRANTMAKING, SAF SERVES AS A FISCAL SPONSOR--PROVIDING ADMINISTRATIVE (HUMAN RESOURCES, LEGAL, FINANCIAL, TECHNOLOGY) SERVICES--TO THE STUDENT BORROWER PROTECTION CENTER, WHICH HAS BEEN SUCCESSFULLY LEADING A NATIONWIDE EFFORT TO PROTECT STUDENT LOAN BORROWERS AND HALT WIDESPREAD ABUSES BY THE STUDENT LOAN INDUSTRY, AND TO THE COALITION TO EXPAND CONTRACEPTIVE ACCESS, WHICH WORKS TO EXPAND CONTRACEPTIVE ACCESS BY LEVERAGING POLICY AND RESEARCH TO ADVANCE SEXUAL AND REPRODUCTIVE HEALTH EQUITY AND REPRODUCTIVE QUALITY OF LIFE FOR ALL INDIVIDUALS.Desc
Total Program Service Expenses$4,747,100TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee41EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldDCStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROSINA BUGARIN CFOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9164425057PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 CAPITOL MALL SUITE 1095AddressLine1Txt
CitySACRAMENTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95814ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MICHAEL A MANTELL
PRESIDENT1.002.00Yes (X)Yes (X)$12,292$24,292$0
CHRISTOPHER J ELLIMAN
DIRECTOR1.001.00Yes (X)$0$0$0
JASON BURNETT
DIRECTOR1.001.00Yes (X)$0$0$0
MELISSA ROY
DIRECTOR1.001.00Yes (X)$0$0$0
MARTHA KONGSGAARD
DIRECTOR1.001.00Yes (X)$0$0$0
STEVE DAETZ
DIRECTOR, CHAIR1.00Yes (X)$0$0$0
PRESTON PINKETT III
DIRECTOR1.001.00Yes (X)$0$0$0
ROSINA BUGARIN
TREASURER, CFO1.004.00Yes (X)$1,551$17,591$0
HELENA CHOI
SECRETARY, VP1.001.00Yes (X)$5,058$3,637$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$18,901TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$45,520TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$8,646,643AllOtherContributionsAmt
Noncash Contributions$248,162NoncashContributionsAmt
Total Contributions$8,646,643TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescCONTRACT REVENUEDesc
Business541900BusinessCd
Total Revenue Column$35,000TotalRevenueColumnAmt
Related Or Exempt Func Income$35,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$35,000TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$409TotalRevenueColumnAmt
Exclusion$409ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$242,282SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$248,121SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$5,839SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$5,839TotalRevenueColumnAmt
Exclusion-$5,839ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,676,213TotalRevenueColumnAmt
Related Or Exempt Func Income$35,000RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$5,430ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,725,000TotalAmt
Program Services$3,725,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$18,901TotalAmt
Program Services$16,599ProgramServicesAmt
Management And General$1,808ManagementAndGeneralAmt
Fundraising$494FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$749,810TotalAmt
Program Services$658,485ProgramServicesAmt
Management And General$71,733ManagementAndGeneralAmt
Fundraising$19,592FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$42TotalAmt
Management And General$42ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$17,252TotalAmt
Program Services$856ProgramServicesAmt
Management And General$12,646ManagementAndGeneralAmt
Fundraising$3,750FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,145TotalAmt
Program Services$4,511ProgramServicesAmt
Management And General$2,170ManagementAndGeneralAmt
Fundraising$464FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,363TotalAmt
Program Services$731ProgramServicesAmt
Management And General$3,035ManagementAndGeneralAmt
Fundraising$597FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$49,408TotalAmt
Program Services$25,034ProgramServicesAmt
Management And General$20,225ManagementAndGeneralAmt
Fundraising$4,149FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,044TotalAmt
Program Services$2,044ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,653TotalAmt
Program Services$1,497ProgramServicesAmt
Management And General$7,156ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescCONTRACT EXPENSESDesc
Total$312,343TotalAmt
Program Services$312,343ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,894,961TotalAmt
Program Services$4,747,100ProgramServicesAmt
Management And General$118,815ManagementAndGeneralAmt
Fundraising$29,046FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$53,036BOYAmt
EOY$1,151,147EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$146,709BOYAmt
EOY$2,305,580EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$838,200EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$35,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$27,127EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$199,745BOYAmt
EOY$4,357,054EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$16,870BOYAmt
EOY$225,880EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$167,047EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,870BOYAmt
EOY$392,927EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$51,022BOYAmt
EOY$199,837EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$131,853BOYAmt
EOY$3,764,290EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$182,875BOYAmt
EOY$3,964,127EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$199,745BOYAmt
EOY$4,357,054EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$3,781,252ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,050,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,738,692CurrentTaxYearMinus1YearAmt
Current Tax Year$8,646,643CurrentTaxYearAmt
Total$11,435,335TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,050,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,738,692CurrentTaxYearMinus1YearAmt
Current Tax Year$8,646,643CurrentTaxYearAmt
Total$11,435,335TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$8,888,659SubstantialContributorsTotAmt
Public Support Total170$2,546,676PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,056CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,205CurrentTaxYearMinus1YearAmt
Current Tax Year$408CurrentTaxYearAmt
Total$2,669TotalAmt
FieldValueIRS element (for citing)
Total Support$11,438,004TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$8,676,171TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$8,676,171RevenueSubtotalAmt
Investment Expenses Not Incld$42InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$42RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$8,676,213TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,894,919TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$4,894,919ExpensesSubtotalAmt
Investment Expenses Not Incld2$42InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$42ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,894,961TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
AMERICAN BRIDGE 21ST CENTURY FOUNDATION
800 MAINE AVE SW SUITE 400WASHINGTONDC20024275278038501(C)(4)$1,500,000$0PUBLIC EDUCATION REGARDING ECONOMIC POLICY
AMERICAN INDEPENDENT FOUNDATION
800 MAINE AVE SW SUITE 500WASHINGTONDC20024331137541501(C)(3)$400,000$0GENERAL SUPPORT
CAMPAIGN LEGAL CENTER INC
1101 14TH ST NWWASHINGTONDC20005043608387501(C)(3)$500,000$0GENERAL SUPPORT
CITIZENS FOR RESPONSIBILITY AND ETHICS IN WASHINGTON INC
455 MASSACHUSETTS AVE NW 6TH FLOORWASHINGTONDC20001030445391501(C)(3)$75,000$0GENERAL SUPPORT
CONSTITUTIONAL ACCOUNTABILITY CENTER
1200 18TH STREET NW SUITE 501WASHINGTONDC20036522063854501(C)(3)$100,000$0GENERAL SUPPORT
INDIVISIBLE CIVICS INC
PO BOX 43884WASHINGTONDC20010822355901501(C)(3)$350,000$0GENERAL SUPPORT
LEADERSHIP CONFERENCE EDUCATION FUND INC
1620 L ST NW 1100WASHINGTONDC20036237026895501(C)(3)$400,000$0GENERAL SUPPORT
UNION OF CONCERNED SCIENTISTS INC
2 BRATTLE SQUARE SUITE 340CAMBRIDGEMA02138042535767501(C)(3)$400,000$0GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org7Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationSHARED ASCENT FUND GRANTS INCLUDE REQUIREMENTS FOR PERIODIC REPORTS RECONCILING GRANT ACTIVITIES, PROGRESS, AND OUTCOMES WITH GRANT OBJECTIVES, AS WELL AS A RECONCILIATION OF GRANT EXPENDITURES WITH THE PROPOSAL BUDGET. IN ADDITION, STAFF MAINTAINS CONTACT WITH GRANTEES AND PERIODICALLY CONDUCTS FIELD VISITS FOR SIGNIFICANT PROJECTS. ALL GRANTS MUST BE USED EXCLUSIVELY FOR CHARITABLE PURPOSES.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$248,162NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THE PRESIDENT, TREASURER AND ONE DIRECTOR ALSO SERVED THE SAME ROLES AT RESOURCES LEGACY FUND (RLF), A 501(C)(3) ORGANIZATION AND FUND FOR A BETTER (FBF), A 501(C)(4) ORGANIZATION. SAF AND FBF ARE RELATED TO EACH OTHER BUT ARE UNRELATED TO RLF.
FORM 990, PART VI, SECTION B, LINE 11BTHE 990 IS PREPARED BY OUTSIDE TAX ACCOUNTANTS, REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. IT IS THEN SENT TO ALL VOTING MEMBERS BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CA CONFLICT OF INTEREST POLICY COVERS OFFICERS AND DIRECTORS, WHO ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS ANNUALLY IN WRITING AND PRIOR TO ANY VOTE BY THE BOARD OF DIRECTORS IN WHICH A CONFLICT EXISTS OR APPEARS TO EXIST. THE BOARD OF DIRECTORS DETERMINES IF AN ACTUAL OR APPARENT CONFLICT EXISTS AND IS RESPONSIBLE FOR ANY REQUIRED REVIEW AND ACTION. IN ALL CASES, BOARD MEMBERS RECUSE THEMSELVES FROM VOTING IN CASE OF CONFLICTS OF INTEREST. ADDITIONALLY, A CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE POLICY MANUAL. UPON HIRE, EMPLOYEES ARE REQUIRED TO READ IT AND ACKNOWLEDGE THAT THEY ARE FAMILIAR WITH AND WILL OBSERVE THE POLICY; ACTUAL, POTENTIAL OR PERCEIVED CONFLICTS MUST BE REPORTED TO EXECUTIVE MANAGEMENT FOR REVIEW PRIOR TO THE RELEVANT DECISION.
FORM 990, PART VI, SECTION B, LINE 15THE RLF GOVERNANCE COMMITTEE, A COMMITTEE OF THE RLF BOARD, ENGAGED AN OUTSIDE CONSULTANT TO REVIEW THE EXECUTIVE COMPENSATION OF PEER ORGANIZATIONS, TO ASSESS EXECUTIVE COMPENSATION, AND TO PROVIDE AN INDEPENDENT OPINION REGARDING THE REASONABLENESS OF THE EXECUTIVE COMPENSATION. THE SAF OFFICERS INCLUDING PRESIDENT, SECRETARY, AND TREASURER WERE INCLUDED IN THIS ASSESSMENT. THIS PROCESS WAS LAST UNDERTAKEN IN 2021.
FORM 990, PART VI, SECTION C, LINE 19AUDITED STATEMENTS AND 990 TAX RETURNS ARE AVAILABLE AND DOWNLOADABLE FROM SAF'S WEBSITE. FORM 1023 IS AVAILABLE UPON REQUEST.
FORM 990, PART VII, SECTION A, LINE 1ASAF AND RESOURCES LEGACY FUND, AN UNRELATED ORGANIZATION, ARE PARTY TO A COST SHARING REIMBURSEMENT AGREEMENT UNDER WHICH SAF REIMBURSES RLF FOR DIRECT AND INDIRECT COSTS, INCLUDING PERSONNEL COSTS, INCURRED ON BEHALF OF SAF. AS A PART OF THAT, SAF REIMBURSED RLF FOR PERSONNEL COSTS FOR MICHAEL MANTELL, ROSINA BUGARIN, AND HELENA CHOI. RLF'S COMPENSATION OF $12,292 TO MICHAEL MANTELL; $1,551 TO ROSINA BUGARIN; AND $5,058 TO HELENA CHOI, RESPECTIVELY, WAS REIMBURSED BY SAF FOR THEIR DIRECT AND INDIRECT COSTS INCURRED ON BEHALF OF SAF.
FORM 990, PART IX, LINES 5-10SAF PAYS SOME PAYROLL TAXES DIRECTLY; RESOURCES LEGACY FUND SATISFIES THE REMAINING EMPLOYMENT TAX-RELATED OBLIGATIONS ON BEHALF OF SAF.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FUND FOR A BETTER FUTURE INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1555 CAPITAL MALL STE 1095AddressLine1Txt
CitySACRAMENTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95814ZIPCd
FieldValueIRS element (for citing)
EIN812319758EIN
Primary ActivitiesPROMOTE THE COMMON GOOD-DEMOCRATIC VALUES, HEALTH, SOCIAL EQUITY,ENVIRONMENTPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Exempt Code Section501(C)(4)ExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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