NonprofitsFund For Guaranteed Income

Human Services

Fund For Guaranteed Income

EL SEGUNDO, CA

Total revenue

$5.4M

Total expenses

$4.9M

Net assets

$5.1M

Grants received

$10.7M

23 grants

EIN

861909049

Tax year

2024

Mission

Support the research, infrastructure, and implementation of guaranteed income initiatives.

Financials

FY 2024

Revenue

Contributions & grants$4.8M
Program service revenue$351K
Investment income$230K
Other revenue
Total revenue$5.4M

Expenses

Grants paid$3.4M
Salaries & benefits$537K
Fundraising$42K
Other expenses$908K
Total expenses$4.9M
Total assets$8.7M
Net assets$5.1M

People

5 listed

NameRoleCompensation

NICHOLAS SALAZAR

CHIEF OPERATING OFFICER

Board

$197K

50 hrs/wk

NIKA SOON-SHIONG

PRESIDENT

Board

40 hrs/wk

JIMMY HO

SECRETARY

Board

2 hrs/wk

Douglas Reed Maughan

TREASURER

Board

2 hrs/wk

ED HSU

BOARD MEMBER

Board

3 hrs/wk

Grants received

Showing 23 of 23

FromAmountPurposeYear
$100K
GENERAL OPERATIONS
2024
$1.2M
GENERAL SUPPORT
2023
$1.2M
For grant recipient's exempt purposes
2023
$250K
FOR GENERAL SUPPORT
2023
$200K
GENERAL OPERATING SUPPORT
2023
$100K
SOCIAL SERVICES
2023
$75K
GENERAL SUPPORT
2023
$44K
HOUSING AND FOOD SECURITY
2023
$44K
HOUSING AND FOOD SECURITY
2023
$2.4M
For grant recipient's exempt purposes
2022
$601K
TRANSFER OF INCUBATED PROGRAM TO NEWLY FORMED NONPROFIT ORGANIZATION
2022
$250K
FOR GENERAL SUPPORT
2022
$170K
HUMAN SERVICES
2022
$100K
PROGRAM EXPANSION
2022
$100K
SOCIAL SERVICES
2022
$30K
HOUSING AND FOOD SECURITY
2022
$15K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$15K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$1.2M
For grant recipient's exempt purposes
2021
$1.2M
For grant recipient's exempt purposes
2021
$100K
HUMAN SERVICES
2021

Funded by

$10.7M from 11 funders · 23 grants · 2021–2024

Fidelity Investments Charitable Gift Fund

$6M · 4 grants · 2021–2023

Community Health Councils Inc

$1.6M · 2 grants · 2023–2024

Silicon Valley Community Foundation

$970K · 1 grant · 2022

The Jain Family Institute

$676K · 2 grants · 2022–2023

The Heising-Simons Foundation

$500K · 2 grants · 2022–2023

Samueli Foundation

$300K · 3 grants · 2022–2024

National Philanthropic Trust

$270K · 2 grants · 2021–2022

Wellspring Philanthropic Fund Inc

$200K · 1 grant · 2023

Details

EIN861909049
NTEE codeP05
Subsection03
Ruling date2021-11
Formed2021
Employees6
Volunteers4
FUND FOR GUARANTEED INCOME — Mission, Financials & Grants Received | Grantivo