Planetwork
Nonprofit profile at a glance
- EIN
- 943366969
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019
- Location
- San Francisco, CA, USA
- Phone
- 4157211591
- Rating
- 62
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $193,800
- Expenses
- $60,319
- Assets
- $786,708
- Liabilities
- $51,038
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- James Fournier (President)
People named in this filing
- James Fournier (President)
- Elizabeth Thompson (Founder)
- Heather Newbold (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Planetwork connects a network of people and projects using information technology and the internet to create a truly democratic, socially just and ecologically sane future.
What it reported doing in 2024
LUCID NEWS MEDIA & COMMUNITY SERVICES FUND: Lucid News Community Media (LNCM) was founded in June 2024 a month after the unexpected death of Ken Jordan who co-founded the for-profit organization Lucid News, Inc. https://www.lucid.news/,. Under the fiscal sponsorship of Planetwork, a non-profit 501(c)(3) organization. LNCM receives tax deductible donations to help support the editorial, educational and community service operations of Lucid News. An online news service that covers business, policy, research and culture in the field of psychedelics, Lucid News provides this information free to readers. The news service was launched by four journalists who saw a need to provide accurate and balanced information about psychedelic compounds. The mission of Lucid News is to provide trustworthy news articles about psychedelics designed to support an informed public and professionals in the field. Lucid News also publishes an online educational site called Psychedelic U https://www.lucid.news/psychedelic-u/ which provides clear, fact checked information about psychedelics and harm reduction reviewed by experts.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 87
- Accountability: 82
- Sustainability: 84
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 19.4%; rating input score 19
- Program expense ratio: 62.2%; rating input score 62
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 91.9%; rating input score 92; 53rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 68.9%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 13.04; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -58.9% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 33% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 19.4% of revenue deployed · 62.2% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 7 filing controls reported
- Programs: 6 filed program accomplishments · $38K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 19 of 20 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Financial Efficiency: Mission deployment rate scored 19/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.