NEO Philanthropy Action Fund Inc
NEO Philanthropy Action Fund Inc is based in New York, NY, and is listed as a public charity. Established in 2009, it supports social welfare, social justice, and policy advocacy through grantmaking, direct advocacy, public organizing and training, and support for advocacy organizations.
Key facts about NEO Philanthropy Action Fund Inc
In short: NEO Philanthropy Action Fund Inc gave $10.2M across 56 grants in 2024 (avg $182K), top state New York. 46% of 2024 grantees were new. Source: 2024 IRS Form 990.
- EIN
- 80-0444461
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $10,179,345
- Grants made (2024)
- 56
- Average grant
- $181,774
- Median grant
- $90,000
- New grantees (estimate)
- 46% first-time grantees (26 of 56, 2024)
- Total assets
- $11,051,158
- Primary geography
- New York (41% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$11.1M
-20.1% YoY
Annual Giving
$10.2M
+223.3% YoY
Grant Count
56
+33.3% YoY
Avg Grant Size
$182K
+142.5% YoY
Is NEO Philanthropy Action Fund Inc open to new grantees?
46%
first-time grantees, 2024
In 2024, 26 of 56 grantees (46%) were first-time recipients. First grants averaged $83K; repeat grants $267K. How we count
Medians: $55K first-time, $100K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
NEO Action Fund’s mission is to promote social welfare and the common good, advance social justice, and advocate for policy reform to improve quality of life.
Its immigration program aims to strengthen the grassroots immigrant-justice movement’s capacity for policy advocacy and accountability work. Its civic-engagement program uses grantmaking, funder alignment, and voter education to support movement-building and advocacy at state, local, and national levels, with particular attention to young people, people of color, and underrepresented communities. Its climate program supports education about climate change and clean energy, and grants addressing climate change and promoting clean energy.
The 2024 grantees illustrate the kinds of organizations it supports. Make the Road Action describes its work as grassroots organizing and leadership development with working-class Latino communities. Asian American Advocacy Fund describes community organizing, storytelling, electoral organizing, and policy advocacy in Georgia. Voces De La Frontera Action describes work on immigrant and low-wage worker rights, youth leadership, organizing, and advocacy. These are the grantees’ descriptions of their own missions.
Grantmaking
In filing year 2024, NEO Action Fund reported 56 grants totaling $10,179,345. Grant amounts ranged from $10,000 to $3,250,000, with a median of $90,000.
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Geographic Focus
Where this funder awards grants
The 2024 grant dollars were distributed among recipients in multiple states. The largest reported shares went to New York (41%), California (13%), and North Carolina (7%); Virginia and Arizona each accounted for 4%.
Grant Distribution by State
Share of 2024 grant dollars across all 56 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3.1M (2023) to $19.8M (2020). In 2024 it made 56 grants totaling $10.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Neo Philanthropy Inc ($3.3M). Together the top 10 received $6.6M.
Grant Size Distribution
267 grants across all recorded years
The most common grant size was under $50K: 88 grants of 267 (33%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Neo Philanthropy Inc New York, NY | Program Grant | $3,250,000 |
| Asian Americans Advancing Justice-Asian Law Caucus San Francisco, CA | Program Grant | $1,026,000 |
| Make The Road Action Inc Brooklyn, NY | Program Grant | $510,000 |
| NAKASEC Action Fund Centreville, VA | Program Grant | $400,000 |
| Sheriffs for Trusting Communities Durham, NC | Program Grant | $350,000 |
| New Yorkers for Equal Rights Albany, NY | Program Grant | $300,738 |
| Voces De La Frontera Action Inc Milwaukee, WI | Program Grant | $200,000 |
| Asian American Advocacy Fund Inc Norcross, GA | Program Grant | $200,000 |
| American Business Immigration Coalition Action Chicago, IL | Program Grant | $200,000 |
| Annie's List Training and Engagement Fund Austin, TX | Program Grant | $200,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $11,051,158 | $9,483,466 | $13,434,770 | $10,179,345 |
| 2023 | $13,831,195 | $9,101,710 | $6,111,295 | $3,148,100 |
| 2022 | $12,346,003 | $10,358,810 | $9,003,292 | $6,700,607 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,051,158 | $13,831,195 | $12,346,003 |
| Revenue | $9,483,466 | $9,101,710 | $10,358,810 |
| Expenses | $13,434,770 | $6,111,295 | $9,003,292 |
| Net Investment Income | $92,643 | $98,237 | $29,264 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 27, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 28, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 31, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 3, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists John Gilroy, ESQ, as Chairperson; Sara Jameel Hadad as Secretary/Treasurer; and Rovika Rajkishun as a Board Member. It also lists Erin Ballard as COO and Executive VP; Margarita Rubalcava as Chief Program Officer; Michele Lord as President; Su Lim as CFO and VP of Infrastructure; Rini Chakraborty as Vice President, FFF; and Rutledge Simmons as Vice President and General Counsel.
NEO Philanthropy Action Fund Inc is led by Michele Lord, President on every filing since 2020; 6 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michele Lord
President
On filings since 2020
0.5 hrs/week
$4K (2020) → $4K (2024)
John Gilroy Esq.
Chairperson
On filings since 2020
1 hr/week
No compensation reported
Erin Ballard
COO & Executive Vice President
Chief Operating Officer → COO & Executive Vice President, 2022
On filings since 2020
0.4 hrs/week
$5K (2020) → $3K (2024)
Rini Chakraborty
Vice President & Fff
Senior Program Officer → Vice President & Fff, 2024
On filings since 2020
1.9 hrs/week
$6K (2020) → $13K (2024)
Su Lim
CFO & Vice President of Infrastructure
Chief Financial Officer → CFO & Vice President of Infrastructure, 2022
On filings since 2020
4.4 hrs/week
$18K (2020) → $27K (2024)
Margarita Rubalcava
Chief Program Officer
New on the 2024 filing
0.1 hrs/week
$446 (2024)
Rutledge Simmons
Vice President & General Counsel
New on the 2024 filing
0.1 hrs/week
$994 (2024)
Rovika Rajkishun
Board Member
On filings since 2021
1 hr/week
No compensation reported
Sara Jameel Hadad
Secretary & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Former officers (4)
- Former: Susan Stamler (2020–2023) — Board Member
- Former: Sara Le Brusq (2020–2021) — Secretary & Treasurer
- Former: Anita Khashu (2020) — Program Director
- Former: Michael G. Caudell-Feagan (2020) — Secretary & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $27K, to Su Lim (CFO and VP of Infrastructure). 6 officers or directors reported compensation on that filing.
Contact
Mailing address: 1001 Ave Of The Americas 12Fl, New York, NY 10018
Phone: (212) 378-2800
Website: https://neoactionfund.org
Frequently asked questions about NEO Philanthropy Action Fund Inc
How much does NEO Philanthropy Action Fund Inc give each year?
NEO Philanthropy Action Fund Inc gave $10.2M across 56 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $3.1M across 42 grants.
What is NEO Philanthropy Action Fund Inc's typical grant size?
NEO Philanthropy Action Fund Inc's median grant in 2024 was $90,000, and its average grant was $181,774, across 56 grants on its 2024 IRS Form 990. Organizations receiving their first grant from NEO Philanthropy Action Fund Inc that year got $83K on average.
Where does NEO Philanthropy Action Fund Inc give grants?
NEO Philanthropy Action Fund Inc's top state is New York, with 41% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were California (13%) and North Carolina (7%). The most frequent recipient cities were Chicago, IL (4 grants), Austin, TX (3 grants), Portland, OR (3 grants) and Raleigh, NC (3 grants).
Does NEO Philanthropy Action Fund Inc give general operating support?
Not in 2024: none of the 56 grants with a stated purpose on NEO Philanthropy Action Fund Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Program Grant" (56 grants).
Who are NEO Philanthropy Action Fund Inc's largest grantees?
NEO Philanthropy Action Fund Inc's largest 2024 grantees include Neo Philanthropy Inc ($3,250,000), Asian Americans Advancing Justice-Asian Law Caucus ($1,026,000) and Make The Road Action Inc ($510,000), according to its 2024 IRS Form 990. Together they received 47% of its itemized 2024 grant dollars.
How large is NEO Philanthropy Action Fund Inc?
NEO Philanthropy Action Fund Inc reported $11.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $9.5M.
What does NEO Philanthropy Action Fund Inc fund?
NEO Action Fund’s mission is to promote social welfare and the common good, advance social justice, and advocate for policy reform to improve quality of life. See mission & focus areas ↑
How do I apply for a grant from NEO Philanthropy Action Fund Inc?
NEO Philanthropy Action Fund Inc has no public application process in the sources Grantable reviewed. Check neoactionfund.org for current guidelines, or contact the foundation directly before submitting a request.
What is NEO Philanthropy Action Fund Inc's EIN?
NEO Philanthropy Action Fund Inc's EIN (Employer Identification Number) is 80-0444461. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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