Program areas at Beneficial State Foundation
Create programs and distribute grants to combat economic distress and encourage community development, encourage financial literacy, promote affordable housing, and eliminate discrimination by promoting the provision of loans and investments, including consumer loans and micro and small business loans, and depository services for disadvantaged communities and community service organizations, and by any other means determined to be appropriate by the board.
Support clean vehicle assistance program, including, but not limited to, programs and grants to help lower-income California residents purchase a new or used hybrid or electric vehicle. In partnership with California climate investments (a program of the California air resources board), the collective goal is to make environmentally friendly vehicles accessible and affordable to all.
Who funds Beneficial State Foundation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Tomkat Foundation | 2022-12 | General Support | $1,149,000 |
Personnel at Beneficial State Foundation
| Name | Title | Compensation | Date of data |
|---|
| Erin Kilmer Neel | Executive Director and Chief Information Officer | $200,146 | 2024-11-13 |
| Annie Claybaugh | Vice President , Finance and Operations | $142,085 | 2024-10-31 |
| Darnell Grisby | Senior Fellow , Economic Mobility | $192,490 | 2024-10-31 |
| Erin Kilmer Neel | Executive Director | | 2024-10-31 |
| Rodrigo Sandoval | Operations Director | $122,869 | 2023-12-31 |
| ...and 10 more key personnel |
Financials for Beneficial State Foundation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $7,240,351 | $5,425,264 | 33.5% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $241,930 | $241,722 | 0.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $43,006 | $9,290 | 362.9% |
| Total revenues | $7,525,287 | $5,676,276 | 32.6% |
Organizations like Beneficial State Foundation
| Organization | Type | Location | Revenue |
|---|
| Jewish Free Loan Association | 501(c)(3) | Los Angeles, CA | $3,304,189 |
| Hebrew Free Loan Association of San Francisco | 501(c)(3) | San Francisco, CA | $2,892,220 |
| PEO Educational Loan Fund | 501(c)(3) | Des Moines, IA | $3,948,036 |
| Louisiana Asset Management Pool | 501(c)(3) | New Orleans, LA | $7,670,051 |
| The Community Economic Development Fund Foundation | 501(c)(3) | Meriden, CT | $2,433,942 |
| Provident Loan Society of New York (PLSNY) | 501(c)(4) | New York, NY | $4,261,838 |
| New Mexico Educational Assistance Foundation (NMEAF) | 501(c)(3) | Albuquerque, NM | $18,703,805 |
| Carolina Small Business Development Fund | 501(c)(3) | Raleigh, NC | $10,484,327 |
| I2e | 501(c)(3) | Oklahoma City, OK | $6,662,200 |
| Ohio Community Development Finance Fund | 501(c)(3) | Columbus, OH | $16,922,285 |
Data update history
October 31, 2024
Updated personnel
Identified 6 new personnel
January 24, 2024
Updated personnel
Identified 2 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Received grants
Identified 1 new grant, including a grant for $1,149,000 from Tomkat Foundation July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Corporate foundationsCredit unionsHeadquarter / parent organizationsCharities
Issues
No issues found
Characteristics
LobbyingOperates internationallyState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 1438 Webster St 300
- Oakland, CA 94612
- Metro area
- San Francisco-Oakland-Berkeley, CA
- County
- Alameda County, CA
- Website URL
- beneficialstate.org/Â
- Phone
- (510) 463-6560
- Facebook page
- BeneficialStateFoundationÂ
- Twitter profile
- @beneficialstfdnÂ
IRS details
- EIN
- 20-5253663
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2006
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0134365
- FTB Entity ID
- 2892802
- AB 488 data last updated ("as-of") date
- 2024-12-31
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