Civic Intelligence

Fungi Foundation Inc

EIN 85-1478153 • 501(c)3 • New York, NY

Profile

To explore the fungi to increase knowledge of their diversity, promote initiative solutions to contingent problems, educate about their existence and applications, as well as recommending public policy for their conservation.

224 West 35th St Suite 500 No 767New York, NY 10001

ffungi.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-47%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

62nd percentile

8.9%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$82,068

Down $57,204 (-41%) from 2023

Liabilities

Down

$0

Down $2,999 (-100%) from 2023

Net Assets

Down

$82,068

Down $54,205 (-40%) from 2023

Revenue

Up

$407,817

Up $59,503 (+17%) from 2023

Expenses

Down

$462,022

Down $76,159 (-14%) from 2023

Net Income

Up

-$54,205

Up $135,662 (+71%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2020: $30,342Liabilities 2020: $0Net Assets 2020: $30,3422020Assets 2021: $377,199Liabilities 2021: $5,122Net Assets 2021: $372,0772021Assets 2022: $331,985Liabilities 2022: $5,845Net Assets 2022: $326,1402022Assets 2023: $139,272Liabilities 2023: $2,999Net Assets 2023: $136,2732023Assets 2024: $82,068Liabilities 2024: $0Net Assets 2024: $82,0682024

Highlighted filing

2024

Assets$82,068
Liabilities$0
Net Assets$82,068

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2020: $60,660Expenses 2020: $30,318Net Income 2020: $30,3422020Revenue 2021: $542,058Expenses 2021: $200,323Net Income 2021: $341,7352021Revenue 2022: $413,399Expenses 2022: $459,336Net Income 2022: -$45,9372022Revenue 2023: $348,314Expenses 2023: $538,181Net Income 2023: -$189,8672023Revenue 2024: $407,817Expenses 2024: $462,022Net Income 2024: -$54,2052024

Highlighted filing

2024

Revenue$407,817
Expenses$462,022
Net Income-$54,205

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.2
Gross Receipts
$407,817
Mission and Program Overview

Mission

To explore the fungi to increase knowledge of their diversity, promote initiative solutions to contingent problems, educate about their existence and applications, as well as recommending public policy for their conservation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,156$77,990▼ $55,166
Land, Buildings, and Equipment, Net$6,116$4,078▼ $2,038
Total Assets$139,272$82,068▼ $57,204
Liabilities
Accounts Payable and Accrued Expenses$2,999--
Total Liabilities$2,999$0▼ $2,999
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$136,273$82,068▼ $54,205
Total Net Assets Fund Balance$136,273$82,068▼ $54,205
Total Liabilities and Net Assets / Fund Balance$139,272$82,068▼ $57,204

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,078$6,114$10,192
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Giuliana FurciChief Executive DirectorFT$58,336$58,336

Board Members and Trustees

NameTitle
Joanna FosterChair
Jr RahnDirector
Nancy TurnerDirector
Paul StametsDirector
Nathalie KelleySecretary
Michelle LoboTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$403,677
Program Service Revenue
$4,140
Investment Income
$0
Other Revenue
$0
All Other Contributions
$403,677
Change in Net Assets
$-54,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$297,540
Salaries, Compensation, and Employee Benefits$84,385
Grants and Similar Amounts Paid$80,097
Total Fundraising Expense$41,175
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$59,069$12,658$12,658$84,385
Foreign Grants$80,097--$80,097
Conferences and Meetings$55,938$914$4,198$61,050
Fees for Services Accounting-$24,110-$24,110
Other Expenses$14,130$2,898$579$14,130
Information Technology$4,806$1,125$33$5,964
Advertising$1,054$1,318$1,452$3,824
Office Expenses$1,469$1,836$367$3,672
Insurance$911$1,138$228$2,277
Depreciation Depletion-$2,038-$2,038
Fees for Services Other$439$549$110$1,098
Total Functional Expenses$350,354$70,493$41,175$462,022
International Activity

International Summary

Employees
1
Spending
$80,097

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaGrant makingGrants to recipients-1$57,597
North America Not the United StatesGrant makingGrants to recipients--$22,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Fungi foundation, inc has its form 990 prepared by an outside accountingfirm and has established the following review process to ensure that theinformation reported is complete and accurate. When the form 990 has beenprepared, reviewed by the treasurer and is ready to be filed with theinternal revenue service, it is electronically sent to the board forapproval. Once the board has approved the return it is filed with theinternal revenue service.

Conflict of interest policy compliance Part VI line 12C

The organizations confilct of interest policy applies to the organizationsboard of directors. The organization monitors its policy each year byhaving the board directors diclose this in the board meetings. Theprocedures for when a conflict of interest arises is the director orofficet must take this matter up to the board of directors and thedisintereted drectors should determine whether it is in the best interest.

CEO executive director top management comp Part VI line 15A

The chief executive officers compensation is determined and approved bythe board of directors by using compensation information of comparablysized not-for-profit organizations. This process is conducted on an annualbasis and documented on the boards minutes.

Other officer or key employee compensation Part VI line 15B

Compensation of employees is determined and approved by the board of directors by using compensation information of comparably sized not-for-profit organizations. This process is conducted on an annualbasis and documented on the boards minutes.

Governing documents etc available to public Part VI line 19

The organization makes its form 990 available for public inspection asrequired under section 6104 of the internal revenue code. The return isalso posted on guidestar.org and other similar types of websites. Inaddition, the form 1023, financial statements, conflict of interest policy,articles of incorporation and by-laws are also available upon writtenrequest.

Filing and Contact Details

Filer

Filer Name
Fungi Foundation Inc
EIN
85-1478153
In Care Of
% GIULIANA FURCI
Phone
2122029655
Address
224 WEST 35TH ST SUITE 500 NO 767, NEW YORK, NY 10001

Signing Officer

Name
Giuliana Furci
Title
Chief Exec Director
Phone
9082324618
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Giuliana Furci
Formed
2020
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
2
Volunteers
10

Preparer

Firm
Ketcham & Associates LLC
Address
202 Mountain Avenue, Westfield, NJ 07090
Preparer
Steven Ketcham CPA
Phone
9082324618
Supplemental Narrative

Additional Explanations

General explanation attachment

Form 990, Part III: Notable Achievements1. The governments of Chile and the UK, together with the Fungi Foundation, launched the Fungal Conservation Pledge at the UN CBD COP16. It has been signed by 13 countries.2. In collaboration with the Fauna Flora Funga Initiative, we prepared an in-depth document guiding organizations on how to adopt mycologically inclusive language, called the Funga Tool Kit.3. We collaborated with National Geographic to include fungi in their definition of wildlife.4. Together with Museo Interactivo Mirador in Santiago, we created the first permanent exhibit on fungi in Chile.5. The MOTH Collective and a representative of the Los Cedros Cloud Forest submitted a petition to Ecuadors copyright office to recognize the moral authorship of the forest as a co-creator of a song, in a first attempt in legal and environmental history, alongside four humans.6. We launched the Fungal Conservation Tracker, a tool that sheds light on the successes and deficiencies of fungal conservation efforts around the world.7. Held DNA analysis to confirm the rediscovery of a species lost to science for 40 years Austroomphaliaster nahuelbutensis.8. Launch of the documentary In Search of a Lost Fungus.9. Held mycological expeditions to Mongolias Gobi Desert, Ecuadors Sarayaku Territory, and Chilean Patagonia.10. Chiles Curriculum Update Proposal now includes funga alongside flora and fauna, after years of advocacy by the Fungi Foundation.11. Published the Portuguese translation of the FF curriculum and Fantastic Fungi Educational Film.12. Conducted training sessions and talks for 90 teachers and 350 students.13. Developed the Fungi Foundations India Chapter.14. Premiered the ethnomycological documentary The Mushroom Keepers, filmed in India.15. Carried out the pilot phase of the project Remembering the Forest with people living in long-term elder care facilities in southern Chile.16. Premiered National Geographics documentary Flora Fauna Funga, recorded on a mycological expedition to Tierra del Fuego in Chile.17. Featured in 115 outlets across 31 countries through podcasts, interviews, articles, and videos.

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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0FUNGI FOUNDATION INC RECEIVES INVITATIONS TO COLLABORATE WITHORGANIZATIONS, PROJECTS AND PEOPLE. THESE INVITATIONS ARRIVE MAINLY BYEMAIL THROUGH AN INSTITUTION THAT REFERS TO US AS AN NGO THAT PROMOTESTHE STUDY AND PROTECTION OF THE ENVIRONMENT FOCUSED ON THE FUNGI KINGDOM.THE PRINCIPAL FOCUS OF THE FUNGI FOUNDATION IS NOT FINANCIAL COLLECTIONFOR THIRD PARTIES, SO IN CASE OF PROVIDING FINANCIAL SUPPORT TO THIRDPARTIES, THEY MUST BE WELL-KNOWN INSTITUTIONS OR PEOPLE WHO PRESENT AFORMAL PROJECT TO THE FOUNDATIONS BOARD. THIS PROJECT IS REVIEWED BY THEFINANCIAL TEAM AND EXECUTIVE MANAGEMENT, WHO, ONCE APPROVED, INTRODUCETHE INITIATIVE TO THE BOARD OF DIRECTORS. FINALLY, IT IS THE BOARD OFDIRECTORS WHO DECIDE IF THE PROJECT IS VIABLE OR NOT. THE INITIATIVES THAT HAVE THE SUPPORT OF THE FUNGI FOUNDATION COMMIT TOCOMPLY THEIR PROJECT AS AGREED. THEY SHARE THEIR ACHIEVEMENTS ANDEXPENSES REPORT WITH A SETTLED FREQUENCY. LASTLY, A FINAL PRESENTATION ISMADE WITH THE FINAL OUTCOME OF THE PROJECT, ITS COSTS AND IMPACTS FORSOCIETY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FUNGI FOUNDATION, INC HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTINGFIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THEINFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEENPREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THEINTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FORAPPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THEINTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS CONFILCT OF INTEREST POLICY APPLIES TO THE ORGANIZATIONSBOARD OF DIRECTORS. THE ORGANIZATION MONITORS ITS POLICY EACH YEAR BYHAVING THE BOARD DIRECTORS DICLOSE THIS IN THE BOARD MEETINGS. THEPROCEDURES FOR WHEN A CONFLICT OF INTEREST ARISES IS THE DIRECTOR OROFFICET MUST TAKE THIS MATTER UP TO THE BOARD OF DIRECTORS AND THEDISINTERETED DRECTORS SHOULD DETERMINE WHETHER IT IS IN THE BEST INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CHIEF EXECUTIVE OFFICERS COMPENSATION IS DETERMINED AND APPROVED BYTHE BOARD OF DIRECTORS BY USING COMPENSATION INFORMATION OF COMPARABLYSIZED NOT-FOR-PROFIT ORGANIZATIONS. THIS PROCESS IS CONDUCTED ON AN ANNUALBASIS AND DOCUMENTED ON THE BOARDS MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF EMPLOYEES IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS BY USING COMPENSATION INFORMATION OF COMPARABLY SIZED NOT-FOR-PROFIT ORGANIZATIONS. THIS PROCESS IS CONDUCTED ON AN ANNUALBASIS AND DOCUMENTED ON THE BOARDS MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION ASREQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN ISALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. INADDITION, THE FORM 1023, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY,ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTENREQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990, Part III: Notable Achievements1. The governments of Chile and the UK, together with the Fungi Foundation, launched the Fungal Conservation Pledge at the UN CBD COP16. It has been signed by 13 countries.2. In collaboration with the Fauna Flora Funga Initiative, we prepared an in-depth document guiding organizations on how to adopt mycologically inclusive language, called the Funga Tool Kit.3. We collaborated with National Geographic to include fungi in their definition of wildlife.4. Together with Museo Interactivo Mirador in Santiago, we created the first permanent exhibit on fungi in Chile.5. The MOTH Collective and a representative of the Los Cedros Cloud Forest submitted a petition to Ecuadors copyright office to recognize the moral authorship of the forest as a co-creator of a song, in a first attempt in legal and environmental history, alongside four humans.6. We launched the Fungal Conservation Tracker, a tool that sheds light on the successes and deficiencies of fungal conservation efforts around the world.7. Held DNA analysis to confirm the rediscovery of a species lost to science for 40 years Austroomphaliaster nahuelbutensis.8. Launch of the documentary In Search of a Lost Fungus.9. Held mycological expeditions to Mongolias Gobi Desert, Ecuadors Sarayaku Territory, and Chilean Patagonia.10. Chiles Curriculum Update Proposal now includes funga alongside flora and fauna, after years of advocacy by the Fungi Foundation.11. Published the Portuguese translation of the FF curriculum and Fantastic Fungi Educational Film.12. Conducted training sessions and talks for 90 teachers and 350 students.13. Developed the Fungi Foundations India Chapter.14. Premiered the ethnomycological documentary The Mushroom Keepers, filmed in India.15. Carried out the pilot phase of the project Remembering the Forest with people living in long-term elder care facilities in southern Chile.16. Premiered National Geographics documentary Flora Fauna Funga, recorded on a mycological expedition to Tierra del Fuego in Chile.17. Featured in 115 outlets across 31 countries through podcasts, interviews, articles, and videos.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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