Nonprofit · EIN 20-5253663
BENEFICIAL STATE FOUNDATION
Tax-exempt · OAKLAND, CA 94612
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,346,285 | $5,623,982 | -$277,697 | $116,410,449 | $1,394,686 | $115,015,763 |
| December 31, 2023 | 990 | $7,525,287 | $7,670,444 | -$145,157 | $117,915,206 | $2,621,746 | $115,293,460 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,043,967
- of which government grants
- $953,816
- Program service revenue
- $0
- Investment income
- $241,954
- Other revenue
- $60,364
Expenses
- Grants and similar amounts paid
- $446,345
- Compensation of officers, directors and key employees
- $617,218
- Other salaries and wages
- $1,733,664
- Salaries, compensation and benefits (total)
- $2,939,133
- Professional fundraising fees
- $0
- Legal fees
- $37,943
- Accounting fees
- $71,345
- Occupancy
- $85,260
- Travel
- $30,057
- Depreciation
- $9,547
- Program services (functional)
- $4,545,298
- Management and general (functional)
- $1,078,684
Balance sheet and other
- Total assets, start of year
- $117,915,206
- Total assets, end of year
- $116,410,449
- Total liabilities, end of year
- $1,394,686
- Net assets, end of year
- $115,015,763
- Land, buildings and equipment
- $13,865
- Net assets without donor restrictions
- $114,825,763
- Net assets with donor restrictions
- $190,000
- Gross receipts
- $5,346,285
- Employees
- 22
- Volunteers
- 5
- Year formed
- 2006
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIN KILMER NEEL | EXEC DIR AND CHIEF IMPACT OFFICER Officer | 43.34 | $213,777 | $12,449 |
| DARNELL GRISBY | SVP, CLEAN VEHICLE ASST. PROGRAM Key employee | 43.34 | $196,336 | $9,752 |
| ANNIE BAKKE CLAYBAUGH | VP, OPERATIONS AND FINANCE Officer | 43.34 | $162,103 | $35,413 |
| ANIL AWASTI | VP, TALENT & CULTURE Highest-paid employee | 43.34 | $166,700 | $18,204 |
| WILLIAM AARON KRISTIN | STRATEGIC COMMUNICATIONS DIRECTOR Highest-paid employee | 43.34 | $154,533 | $26,859 |
| QUINNTAVIOUS WILLIAMS | DIRECTOR, EQUITABLE BANK STANDARDS Highest-paid employee | 43.34 | $159,577 | $18,641 |
| MARIA KEI OLDIGES | SOCIAL IMPACT RESEARCH AND EVAL DIR. Highest-paid employee | 43.34 | $156,459 | $15,055 |
| FRANCIS DENNIS JANES | INDUSTRY RELATIONS/PARTNERSHIPS DIR. Highest-paid employee | 43.34 | $160,093 | $9,606 |
| ROBERT WILKINS | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| ELMY BERMEJO | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANGELA GLOVER DAVIS | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JANIECE EVANS-PAGE | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAT TAYLOR | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIN KILMER NEEL | EXECUTIVE DIRECTOR Officer | 43.34 | $200,146 | $13,070 |
| DARNELL GRISBY | SVP, CLEAN VEHICLE ASST. PROGRAM Key employee | 43.34 | $192,490 | $12,316 |
| ANNIE BAKKE CLAYBAUGH | SECRETARY/TREAS./VP, OPS & FINANCE Officer | 43.34 | $142,085 | $34,583 |
| FRANCIS DENNIS JANES | INDUSTRY RELATIONS/PARTNERSHIPS DIR. Highest-paid employee | 43.34 | $127,935 | $26,427 |
| WILLIAM AARON KRISTIN | STRATEGIC COMMUNICATION DIRECTOR Highest-paid employee | 43.34 | $136,634 | $8,990 |
| EMILY ELLICKSON-BROWN | ASSOCIATE DIRECTOR, FINANCE Highest-paid employee | 43.34 | $114,406 | $31,187 |
| RODRIGO SANDOVAL | OPERATIONS DIRECTOR Highest-paid employee | 43.34 | $122,869 | $18,258 |
| QUINNTAVIOUS WILLIAMS | DIRECTOR, EQUITABLE BANK STANDARDS Highest-paid employee | 43.34 | $124,104 | $14,497 |
| ROBERT WILKINS | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| ELMY BERMEJO | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANGELA GLOVER DAVIS | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JANIECE EVANS-PAGE | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAT TAYLOR | BOARD DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2101 WEBSTER ST STE 140, OAKLAND, CA 94612-3059
- In care of
- % KATHRYN A TAYLOR
- Principal officer (990 for 2024)
- ERIN KILMER NEEL, 1438 WEBSTER STREET 300, OAKLAND, CA 94612
- Signed the 990
- ERIN KILMER NEEL, EXECUTIVE DIRECTOR & CIO
- Phone
- (510) 410-2036
- Website
- WWW.BENEFICIALSTATE.ORG
- Return prepared by
- HOOD & STRONG LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 20-5253663 or by the name BENEFICIAL STATE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO CREATE, GUIDE, AND PROMOTE A BENEFICIAL BANKING MODEL THAT TRANSFORMS THE BANKING INDUSTRY; WE ACCELERATE THE TRANSFORMATION BY ATTRACTING HUMAN, FINANCIAL, AND INTELLECTUAL CAPITAL TO BENEFICIAL BANKING.
Program accomplishments
- DEVELOP AND DELIVER PROGRAMS THAT PROMOTE INCLUSIVE BANKING PRACTICES, SUPPORT COMMUNITY DEVELOPMENT, AND REDUCE ECONOMIC DISPARITIES. ACTIVITIES INCLUDE TRAINING FINANCIAL INSTITUTIONS, PRODUCING RESEARCH AND EDUCATIONAL CONTENT, AND ENGAGING IN PARTNERSHIPS AND POLICY EFFORTS TO EXPAND ACCESS TO FAIR LOANS, INVESTMENTS, AND FINANCIAL SERVICES FOR HISTORICALLY UNDERSERVED COMMUNITIES AND ORGANIZATIONS.Expenses $3,606,121 · revenue $60,364
- 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.Expenses $939,177 · grants $446,345
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5253663
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W60)
- Assets (IRS master file)
- $116,410,449
- Income (IRS master file)
- $5,346,285
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,346,285 | $5,623,982 | $116,410,449 | IRS |
| 990 | December 2023 | $7,525,287 | $7,670,444 | $117,915,206 | XML |
| 990 | December 2022 | $5,676,276 | $6,761,798 | $122,226,419 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5253663).
Questions about BENEFICIAL STATE FOUNDATION
- What is the EIN of BENEFICIAL STATE FOUNDATION?
- The employer identification number (EIN) of BENEFICIAL STATE FOUNDATION is 20-5253663.
- Is BENEFICIAL STATE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to BENEFICIAL STATE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BENEFICIAL STATE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BENEFICIAL STATE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BENEFICIAL STATE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BENEFICIAL STATE FOUNDATION?
- The 990 for the year ended December 31, 2024 names ERIN KILMER NEEL.
- Who are the officers and directors of BENEFICIAL STATE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 8 received compensation from the organization, the highest $213,777 (ERIN KILMER NEEL, EXEC DIR AND CHIEF IMPACT OFFICER).
- How much revenue does BENEFICIAL STATE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,346,285, expenses of $5,623,982 and total assets of $116,410,449 at year end.
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