Abundance Network

Nonprofit profile at a glance

EIN
871713412
IRS 990 coverage
2022–2023
Forms available
Form 990 2023
Location
San Francisco, CA, USA
Phone
4158845500
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Research Institutes and Public Policy Analysis

Official website

Reported finances

Revenue
$2,149,032
Expenses
$1,461,632
Assets
$1,069,159
Liabilities
$111,941

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MishaChellam (President)

Highest reported compensation

  • Colby Zintl (Communications Director): $188,367 total reported compensation
  • Todd David (Political Director): $185,313 total reported compensation
  • MishaChellam (President): $98,037 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Conduct advocacy dedicated to advancing an Abundant public policy agenda to improve the lives of everyday Californians.

What it reported doing in 2023

Supported the launch of Recoding America, including hosting a state capacity retreat. Planned and ran a housing retreat with 20 leading advocates and funders across the country. Lobbied legislators on SB 423 (SB 35 extension to streamline housing permitting) and SB 4 (Yes in Gods Backyard). Recruited 20 additional members to AN and 10 founding members to Abundant Santa Monica, as well as designed an onboarding process for new members and organized 6 events for existing members.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 75
  • Accountability: 55
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.1%; rating input score 66
  • Program expense ratio: 96.8%; rating input score 97
  • Fundraising efficiency: $384.7 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.8%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 10th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 32%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 0.73; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 32.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 89.5% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 126.9% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 118.9% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 66.1% of revenue deployed · 96.8% of spending went to programs
  • Governance: 2 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $188K · 5 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $172K reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.