Albi Fund Institute and Lab

Nonprofit profile at a glance

EIN
825427550
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
4155435055
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$24,309
Expenses
$1,492,621
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • LIBBY LENKINSKI (PRESIDENT & CEO (AS OF 12/1/2024))
  • SERRA FALK GOLDMAN (PRESIDENT (THRU 11/30/2024))
  • JENNIFER SPITZER (VICE PRESIDENT, FINANCE OPERATIONS AND ADMINISTRATION)

Highest reported compensation

  • DANIEL SOKATCH (SECRETARY): $477,754 total reported compensation
  • JENNIFER SPITZER (VICE PRESIDENT, FINANCE OPERATIONS AND ADMINISTRATION): $339,599 total reported compensation
  • MICHAEL GITZIN (DIRECTOR (AS OF 12/1/2024)): $245,535 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Albi is to use cultural vehicles, like film and television, to initiate paradigm-shifting public narratives by and about Israelis and Palestinians to enable people to imagine a different future.

What it reported doing in 2024

Fund: Albi Film and Television Fund is the first-ever independent moving image fund for productions by or about Israelis and Palestinians, entirely committed to equality and democracy. We support projects at every phase and every genre so long as the perspective and impact potential are clear. Institute: Albi Institute influences the creative industries in Israel through pipeline programs that shift the context of creative production in Israel. With the realities of Israeli audiences in mind, these programs seek to expand the space for critical voices in cultural production across fields and industries to thrive and be true vehicles for change. Lab: Albi Lab is an experimental funding and programmatic space for piloting and exploring new potential avenues for cultural production to become a driver for social change. We are committed to strategically exploring any and all artistic and creative fields to identify who, what, when, where and how they can influence social change in and about Israel.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 72
  • Accountability: 66
  • Sustainability: 4
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 57.1%; rating input score 57; 21st percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6,040.2%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 9%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 44.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: -42.6% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -14.1% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 4 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $1.5M in reported program spending
  • Leadership: top reported pay $478K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 57/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.