Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Albi Fund Institute and Lab
EIN 82-5427550 • 501(c)3 • San Francisco, CA
Profile
The mission of Albi is to use cultural vehicles, like film and television, to initiate paradigm-shifting public narratives by and about Israelis and Palestinians to enable people to imagine a different future.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
61st percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
9th percentile
Faster asset growth than 9% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $1,319,931 (-100%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$0
Down $1,319,931 (-100%) from 2023
Revenue
Down$24,309
Down $183,014 (-88%) from 2023
Expenses
Up$1,492,621
Up $261,497 (+21%) from 2023
Net Income
Down-$1,468,312
Down $444,511 (-43%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $24,309
- Expenses
- $1,492,621
- Net income
- -$1,468,312
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 18, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $24,309
Mission and Program Overview
Mission
Created to honor bill goldman, a professor, historian, activist, and philanthropist, the william s. Goldman truth to power foundation has several purposes. It will highlight the work of activists around the country and in israel who are taking action to defend democracy at a time of unprecedented threats. The foundation will create social media campaigns to find and share stories of individuals who are speaking up, create a nominating process to select award recipients who will receive a cash prize to further their work and enhance their visibility, and create a network of activists around the country and in israel to help them learn from and support each other. A prize was launched in 2021.
The mission of Albi is to use cultural vehicles, like film and television, to initiate paradigm-shifting public narratives by and about Israelis and Palestinians to enable people to imagine a different future.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,319,931 | $0 | ▼ $1,319,931 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Other Securities | $0 | - | - |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $1,319,931 | $0 | ▼ $1,319,931 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,319,931 | $0 | ▼ $1,319,931 |
| Total Net Assets Fund Balance | $1,319,931 | $0 | ▼ $1,319,931 |
| Total Liabilities and Net Assets / Fund Balance | $1,319,931 | $0 | ▼ $1,319,931 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Ido Mizrahy | Chair of the Board (as of 12/1/2024) |
| Libby Lenkinski | President & CEO (as of 12/1/2024) |
| Serra Falk Goldman | President (thru 11/30/2024) |
| Jennifer Spitzer | Vice President, Finance Operations and Administration |
| Avi Glezerman | Director (as of 12/1/2024) |
| Janine Frier | Director (as of 12/1/2024) |
| Michael Gitzin | Director (as of 12/1/2024) |
| Sameh Zoabi | Director (as of 12/1/2024) |
| Yael Sternhell | Director (thru 11/30/2024) |
| Daniel Sokatch | Secretary |
| Stephen D Gunther | Treasurer (thru 11/30/2024) |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $0
- Investment Income
- $24,309
- Other Revenue
- $0
- Change in Net Assets
- $-1,468,312
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $24,309
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $148,381
- Other Revenue Adjustments
- $0
- Total Revenue per Audited Statements
- $172,690
- Total Revenue per Form 990
- $24,309
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $1,487,246 |
| Other Expenses | $5,375 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $1,487,246 | - | - | $1,487,246 |
| Office Expenses | $5,375 | - | - | $5,375 |
| Total Functional Expenses | $1,492,621 | $0 | $0 | $1,492,621 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,492,621 |
| Total Expenses per Audited Statements | $1,492,621 |
| Total Expenses per Form 990 | $1,492,621 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Other Expense Adjustments | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| New Israel Fund | Washington, DC | 501(c)(3) | General Support | $1,487,246 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Line 15
“The organization does not compensate any officers or key employees.”
Form 990, Part VI, Line 4 Significant changes to organizational documents
“The organization made significant changes to its governing documents, including a change in name and exempt purpose. The entity formerly known as Truth to Power Foundation amended its governing documents to reflect its new name, Albi Fund: Institute and Lab, and to adopt a new mission and programmatic direction following the transfer of substantially all assets to two nonprofit organizations for the continued administration of its original awards program.”
Form 990, Part VI, Line 11B Review of form 990 by governing body
“Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's finance department. The director of finance conducted a detailed review to ensure numerical accuracy throughout the document, while the vp of finance, administration and operations' reviewed it to ensure alignment with the organizational mission, governance procedures, and compliance with nonprofit law. Any feedback and corrections were addressed collaboratively by the director of finance and vp of finance, administration and operations. Upon completion of their review and adjustments, the form 990 was distributed to the board prior to filing with the irs.”
Form 990, Part VI, Line 12C Conflict of interest policy
“Each director and principal officer of the organization, as well as each member of a committee with board-delegated powers, annually signs a conflict of interest statement and disclosure form. The organization uses a due diligence procedure whereby the disqualified person or interested director discloses his or her interest or affiliation to the board on all proposed agreements. After disclosure of the potential conflict of interest, he or she leaves the board meeting while the determination of a conflict of interest is discussed. The board then discusses the matter and determines if a conflict exists. If one is determined, the board appoints an independent committee to investigate and propose alternatives to alleviate the conflict.”
Form 990, Part VI, Line 19 Required documents available to the public
“The organization makes it governing documents, conflict of interest policy and financial statements available to the public upon request.”
Filing and Contact Details
Filer
- Filer Name
- Albi Fund Institute and Lab
- EIN
- 82-5427550
- Phone
- 4155435055
- Address
- 235 MONTGOMERY STREET SUITE 460, SAN FRANCISCO, CA 94104
Signing Officer
- Name
- Libby Lenkinski
- Title
- President
- Signed
- 2025-11-18
- Discuss with paid preparer
- Yes
Organization Details
- Formed
- 2018
- Legal Domicile
- CA
- Voting Board Members
- 7
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 7
Preparer
- Firm
- Bdo USA
- Address
- 200 PARK AVE 38TH FLOOR, NEW YORK, NY 10166
- Preparer
- Paul Hammerschmidt
- Phone
- 2128858000
Supplemental Narrative
Financial Statement Notes
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
“Albi (formerly known as Truth to Power Foundation) is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is only subject to tax on unrelated business income. Albi is not a private foundation. Albi is a Type I supporting organization. For the year ended December 31, 2024, the Organization has documented their consideration of FASB ASC 740-10, Income Taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the consolidated financial statements.”
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Albi (formerly known as Truth to Power Foundation) is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and is only subject to tax on unrelated business income. Albi is not a private foundation. Albi is a Type I supporting organization. For the year ended December 31, 2024, the Organization has documented their consideration of FASB ASC 740-10, Income Taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the consolidated financial statements. |
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