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Fund Ii Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$14M (2023)

Expenses
$16.1M (2023)

Total Assets
$145M (2023)

Total Liabilities
$436k (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Nov.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,020,176
Expenses
$16,083,440
Net Income
-$2,063,264
Net Assets
$144,249,381
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,899,000
13.5%
Interest Revenue $0
Dividends $12,101,176
86.3%
Sales of Assets $0
Other Income $20,000
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,761,303
98.0%
Compensation of Officers* $540,874
3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $144,684,968
Total Liabilities $435,587
Net Assets $144,249,381
Compensation
Key Employees and Officers Compensation Other
Linda Wilson (Executive Director) $261,381 $30,597
Wendell Layne Iii (Foundation Manager) $204,493 $39,410
Paige Burton (Program Manager) $131,807 $14,642
Ivana Jackson (Internxl Director) $108,177 $22,002
Monica Lugo (Operations Manager) $92,510 $17,453
Dominique Young Smith (Operations Manager) $59,487 $17,779
Anthony C Spikes (Treasurer/Director) $25,000 $0
Dafna Tapiero (Secretary/Director) $25,000 $0
Lori Malcolm (Director) $25,000 $0
Robert F Smith (Director) $0 $0
A Jeanine Abrams Mclean Phd (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,265,753
Expenses
$17,358,980
Net Income
$3,906,773
Net Assets
$143,471,718
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $21,199,706
99.7%
Sales of Assets $0
Other Income $66,047
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,336,694
99.9%
Compensation of Officers* $342,500
2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $144,118,166
Total Liabilities $646,448
Net Assets $143,471,718
Compensation
Key Employees and Officers Compensation Other
Linda Wilson (Executive Director) $232,384 $20,237
Wendell Layne Iii (Foundation Manager) $172,641 $27,928
Ivana Jackson (Internxl Director) $114,370 $18,539
Paige Burton (Program Manager) $92,501 $9,747
Monica Lugo (Operations Manager) $87,490 $11,752
Anthony C Spikes (Treasurer/Director) $25,000 $0
Dafna Tapiero (Secretary/Director) $25,000 $0
Victoria Kennedy (Director) $25,000 $0
Robert F Smith (Director) $0 $0
Lori Malcolm (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,499,960
Expenses
$12,379,322
Net Income
-$6,879,362
Net Assets
$139,988,615
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $5,519,585
> 100%
Sales of Assets -$19,625
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,365,289
99.9%
Compensation of Officers* $352,000
2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $140,006,894
Total Liabilities $18,279
Net Assets $139,988,615
Compensation
Key Employees and Officers Compensation Other
Linda Wilson (Executive Director) $252,000 $12,000
Wendell Layne Iii (Foundation Manager) $108,960 $12,830
Ivana Jackson (Program Manager) $93,678 $15,276
Paige Burton (Program Manager) $88,186 $8,819
Anthony C Spikes (Treasurer/Director) $25,000 $0
Dafna Tapiero (Secretary/Director) $25,000 $0
Victoria Kennedy (Director) $25,000 $0
Lori Malcolm (Director) $25,000 $0
Robert F Smith (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,157,411
Expenses
$9,551,309
Net Income
-$3,393,898
Net Assets
$145,565,643
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $95,000
1.5%
Interest Revenue $0
Dividends $6,124,065
99.5%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,465,088
99.1%
Compensation of Officers* $320,000
3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $145,574,457
Total Liabilities $8,814
Net Assets $145,565,643
Compensation
Key Employees and Officers Compensation Other
Linda Wilson (Executive Director) $245,000 $183
Wendell Layne Iii (Program Manager) $134,167 $5,243
Ivana Jackson (Program Manager) $103,437 $4,614
Paige Burton (Program Manager) $90,000 $4,461
Dafna Tapiero (Director/Secretary) $25,000 $0
Victoria Kennedy (Director) $25,000 $0
Lori Malcolm (Director) $25,000 $0
Robert F Smith (President/Director) $0 $0
Anthony C Spikes (Treasurer/Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,215,363
Expenses
$36,604,679
Net Income
-$14,389,316
Net Assets
$146,095,153
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $22,265,388
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,582,640
99.9%
Compensation of Officers* $355,026
1.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $146,185,620
Total Liabilities $90,467
Net Assets $146,095,153
Compensation
Key Employees and Officers Compensation Other
Linda Wilson (Executive Director) $245,000 $25
Wendell Layne Iii (Program Manager) $141,667 $1,813
Paige Burton (Program Manager) $90,000 $2,719
Ivana Jackson (Program Manager) $87,500 $2,623
Alexandra Sophie Tod (Director) $25,000 $0
Anthony C Spikes (Treasurer/Director) $25,000 $0
Dafna Tapiero (Director/Secretary) $25,000 $0
Victoria Kennedy (Director) $25,000 $0

Document Links

Fiscal Year Ending Nov.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$41,733,522
Expenses
$26,257,128
Net Income
$15,476,394
Net Assets
$160,340,633
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $41,746,014
> 100%
Sales of Assets -$12,492
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $25,744,544
98.0%
Compensation of Officers* $424,759
1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $160,375,305
Total Liabilities $34,672
Net Assets $160,340,633
Compensation
Key Employees and Officers Compensation Other
Linda Wilson (Executive Director) $245,000 $0
Paige Burton (Program Manager) $90,000 $2,500
Alexandra Sophie Tod (Director) $25,000 $0
Anthony C Spikes (Treasurer/Director) $25,000 $0
Dafna Tapiero (Director/Secretary) $25,000 $0
Victoria Kennedy (Director) $25,000 $0

Document Links

Fiscal Year Ending Nov.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$24,688,472
Expenses
$18,791,618
Net Income
$5,896,854
Net Assets
$144,992,137
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $24,202,748
98.0%
Sales of Assets $485,724
2.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,621,934
99.1%
Compensation of Officers* $245,000
1.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $144,992,137
Total Liabilities $0
Net Assets $144,992,137
Compensation
Key Employees and Officers Compensation Other
Linda Wilson (Executive Director) $120,000 $0
Paige Burton (Program Manager) $90,000 $2,501
Robert F Smith (President/Director) $25,000 $0
Alexandra Sophie Tod (Director) $25,000 $0
Anthony C Spikes (Treasurer/Director) $25,000 $0
Dafna Tapiero (Director/Secretary) $25,000 $0
Victoria Kennedy (Director) $25,000 $0

Document Links

Fiscal Year Ending Nov.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$101,547,480
Expenses
$151,105,718
Net Income
-$49,558,238
Net Assets
$98,737,227
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $91,349,197
90.0%
Interest Revenue $0
Dividends $10,198,283
10.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $150,192,924
99.4%
Compensation of Officers* $100,000
0.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $98,737,227
Total Liabilities $0
Net Assets $98,737,227
Compensation
Key Employees and Officers Compensation Other
Paige Burton (Program Manager) $90,000 $2,257
Robert F Smith (President/Director) $25,000 $0
Alexandra Sophie Tod (Director) $25,000 $0
Anthony C Spikes (Treasurer/Director) $25,000 $0
Dafna Tapiero (Director/Secretary) $25,000 $0
Victoria Kennedy (Director) $0 $0

Document Links

Fiscal Year Ending Nov.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$246,963,010
Expenses
$60,529,545
Net Income
$186,433,465
Net Assets
$191,433,465
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $182,138,000
73.8%
Interest Revenue $0
Dividends $64,825,010
26.2%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $60,502,059
100.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $191,433,465
Total Liabilities $0
Net Assets $191,433,465

Document Links

Fiscal Year Ending Nov.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,000,000
Expenses
$0
Net Income
$5,000,000
Net Assets
$5,000,000
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000,000
100%
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $0
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $5,000,000
Total Liabilities $0
Net Assets $5,000,000

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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