Justfundus

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853759949 ✦ Oakland, CA ✦ Designated as a 501(c)(3)

Overview

What is Justfundus?

JustFund is a nonprofit organization situated in Oakland, California, with the mission of bridging the gap between charitable grantmakers and social justice organizations in need of funding. They prioritize efficiency and effectiveness, streamlining the grantmaking process to ensure funds reach their intended recipients promptly. JustFund's simplified approach allows grantmakers to focus on their core activities, empowering them to make a significant impact in social justice movements. With a team of 10 dedicated individuals, they aim to break down traditional barriers in philanthropy and make a tangible difference in the lives of those they serve.


Official website here: www.justfund.us

Is Justfundus legitimate?

Justfundus is a legitimate nonprofit organization registered as a 501(c)(3) entity. Justfundus submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $215,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $335,613

For more financial information, click here


Official website here: www.justfund.us

What is the mission statement of Justfundus?

JustFund, an organization dedicated to revolutionizing philanthropy, aims to simplify and accelerate the grantmaking process. By making the transfer of funds to social justice causes straightforward and swift, JustFund enables its grantmakers to concentrate on their primary objectives. The organization's mission is not solely focused on accumulating financial reserves; instead, it prioritizes the swift distribution of funds to the cause, thereby enhancing the overall impact of philanthropic efforts. JustFund's streamlined grantmaking process and standardized proposal format eliminate traditional philanthropic obstacles, ensuring that the funds reach the intended movement more effectively.


Official website here: www.justfund.us

Who is the CEO of Justfundus?

Iara Peng is the Ceo & Board Mem of Justfundus. The CEO's salary of Justfundus is $215,000 and their total compensation is $221,477.


Official website here: www.justfund.us

What is the revenue of Justfundus?

Justfundus's revenue in 2022 was $3,578,116.


Official website here: www.justfund.us

Who are the executives of Justfundus and what are their salaries?

The average compensation at Justfundus during 2022 was $55,061. There are 10 employees and 3 volunteers at Justfundus.

Here are 6 key members and their salaries (Justfundus's CEO's salary is $215,000 and their total compensation is $221,477):

    Iara Peng (Ceo & Board Mem) [Trustee/Director]
  • Compensation: $215,000
  • Related: $0
  • Other: $6,477

    • Alexis Dorn (Product Manager)
  • Compensation: $139,269
  • Related: $0
  • Other: $1,200

    • Melody Lee (Managing Director)
  • Compensation: $126,250
  • Related: $0
  • Other: $3,825

    • Shona Chakravartty (Sec & Board Mem) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Molly Schultz Hafid (Treas & Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Phillips (Oakland) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.justfund.us

    Where can I find the form 990 for Justfundus?

    The Justfundus’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.justfund.us

    Learn more at the official website: www.justfund.us

    Mission Statement of Justfundus

    JustFund, a pioneering organization in philanthropy, is revolutionizing grantmaking by simplifying and accelerating the process of transferring funds to social justice nonprofits. By doing so, JustFund allows these organizations to concentrate on their primary objectives, freeing up their time and resources. The mission of JustFund is to streamline the grantmaking process, eliminating typical barriers in philanthropy and placing emphasis on what truly matters: swiftly delivering funds to the social justice movement. JustFund serves as a bridge between charitable grantmakers and nonprofit organizations that are dedicated to social justice causes, prioritizing efficiency and effectiveness over the amount of money in storage.

    Impact

    This information is meant to be a general summary of Justfundus. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Justfundus, through its innovative approach to grantmaking, is revolutionizing philanthropy by making it easier and faster for social justice nonprofit organizations to secure funding. By simplifying the grant application process and prioritizing timely distribution of funds, Justfundus is empowering grassroots movements and enabling them to focus on their core missions rather than bureaucratic hurdles. This direct and efficient method of funding allocation is driving positive change and amplifying the impact of organizations working towards social justice causes.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-56,620
  • Program Service Revenue: $1,042,412
  • Gross Receipts: $3,634,736

    • Assets and Liabilities:
  • Total Assets: $4,102,967
  • Total Liabilities: $299,964
  • Net Assets: $3,803,003
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Intercompany Revenue

    Revenue

    $109,936

    Program revenues

    Revenue

    $932,476

    Organization Details

    Founding Year

    2020

    Principal Officer

    Iara Peng

    Main Address

    490 43rd Street 213, Oakland, CA, 94609

    NTEE Category

    Code: T99 - Philanthropy

    If you are a representative of Justfundus and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.