Biome Global Foundation
TO SUPPORT THE PROGRAMS AND ACTIVITIES OF SILICON VALLEY COMMUNITY FOUNDATION.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$5.4M
Total Expenses
$8.8M
Net Assets
$40.5M
Employees
0
Volunteers
1
Grants Paid
$8.5M
Program Expense Ratio
98.5%
This nonprofit profile presents IRS Form 990 tax filing data for Biome Global Foundation (EIN: 87-4110945), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Biome Global Foundation is a 501(c)(3) nonprofit headquartered in MOUNTAIN VIEW, CA, founded in 2021. It is classified under NTEE code P20 (Human Service Organizations), within the Human Services category. The organization has held tax-exempt status since 2022. In its 2024 filing, the organization reported $5.4M in total revenue, a 77.7% decrease from the prior year, and $8.8M in total expenses. The organization engaged 1 volunteers. Elizabeth A Carey, Director/Treasurer, is the highest-compensated individual at $644,448. The organization runs 1 program, totaling $8.6M in program expenses. 4 of 6 recommended governance policies are in place.
Biome Global Foundation is classified under NTEE code P20 (Human Service Organizations), which falls within the Human Services category. Its foundation type is 21.
Programs(Tax Year 2024)
1 record
Biome Global Foundation operates 1 program, with total program expenses of $8.6M. Biome Global Foundation's largest program accounts for 100% of total program spending.
Biome Global Foundation supports the charitable purposes of the Silicon Valley Community Foundation by making charitable gifts for environmental education and conservation projects.
Financial Overview(Tax Years 2021–2024)
4 records
Over the past 4 years, Biome Global Foundation's revenue has declined from $47.7M to $5.4M, a 88.7% decrease. Program expenses represent 98% of total spending.
Revenue decreased 77.7% year-over-year, while expenses declined 31.3%. net assets fell to $40.5M, down 11.0% from the prior year.
Biome Global Foundation derives 3% from contributions and grants, with 97% from investment income.
Revenue is heavily concentrated: 97% comes from investment income, indicating limited diversification.
Biome Global Foundation allocates 98% to programs, 2% to management and general.
Revenue declined by 77.7% and expenses declined by 31.3% year over year.
Biome Global Foundation distributed $8.5M in grants to other organizations and individuals, representing 97% of total expenses.
Over 4 filings from 2021–2024, Biome Global Foundation declined revenue from $47.7M to $5.4M (-88.7%) while maintaining a program expense ratio of 98%.
Biome Global Foundation holds $40.5M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 55.5 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $5.4M | $150K | $0 | $0 | $5.3M |
| 2023 | $24.3M | $14.0M | $0 | $0 | $10.3M |
| 2022 | $2.9M | $300K | $0 | $0 | $2.6M |
| 2021 | $47.7M | $47.7M | $0 | $0 | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $8.8M | $8.6M | $135K | $0 | $8.5M |
| 2023 | $12.7M | $12.7M | $75K | $0 | $12.6M |
| 2022 | $55.1M | $55.1M | $82K | $0 | $55.0M |
| 2021 | $15K | $0 | $15K | $0 | $0 |
Program Expense Ratio
98.5%
Admin Expense Ratio
1.5%
Fundraising Efficiency
—
Operating Reserve
55.5 mo
People & Compensation(Tax Year 2024)
3 records
Biome Global Foundation reported compensation for 3 officers and key employees. Total officer compensation was $1.2M, representing 13.6% of total expenses. 2 individuals received total compensation exceeding $500,000.
Biome Global Foundation's highest-compensated individual received $644K in total compensation. Total officer compensation of $1.2M represents 13.6% of total expenses. 2 individuals received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| Elizabeth A Carey | Director/Treasurer | OfficerDirector | 0.50 | $0 | $570,212 | $644,448 |
| Chanthi Lune | Director/Secretary | OfficerDirector | 0.50 | $0 | $493,848 | $542,491 |
| Eben Pagan | Director/President | OfficerDirector | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Elizabeth A Carey
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Chanthi Lune
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Biome Global Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 1 of whom are independent.
Biome Global Foundation's financial statements are audited, an audit committee oversees the process.
Biome Global Foundation delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
1 record
Biome Global Foundation awarded $8.5M across 1 grant to organizations. Top recipients include Silicon Valley Community Foundation (Mountain View, CA) — $8.5M for general nonprofit support.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Silicon Valley Community Foundation205205488 | Mountain View, CA | $8.5M | GENERAL NONPROFIT SUPPORT |
Filing History(Tax Years 2021–2024)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $5.4M | $8.8M | $40.5M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $24.3M | $12.7M | $45.5M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $2.9M | $55.1M | $2.7M |
| 2021 | 990 | 2021-12-21 – 2021-12-31 | $47.7M | $15K | $60.8M |
Frequently Asked Questions
What does Biome Global Foundation do?
TO SUPPORT THE PROGRAMS AND ACTIVITIES OF SILICON VALLEY COMMUNITY FOUNDATION.
How much revenue does Biome Global Foundation have?
Biome Global Foundation reported $5,403,106 in total revenue for tax year 2024, down 77.7% from the prior year.
Who is the highest-paid executive at Biome Global Foundation?
Elizabeth A Carey, Director/Treasurer, received $644,448 in total compensation as of tax year 2024.
Is Biome Global Foundation a 501(c)(3)?
Yes, Biome Global Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is Biome Global Foundation located?
Biome Global Foundation is headquartered in MOUNTAIN VIEW, CA 94040.
What type of nonprofit is Biome Global Foundation?
Biome Global Foundation is classified under NTEE code P20 (Human Service Organizations), within the Human Services category. It is a 501(c)(3) tax-exempt organization.
Is Biome Global Foundation audited?
Yes, Biome Global Foundation's financial statements are audited, and the organization has an audit committee.
Does Biome Global Foundation give grants?
Yes, Biome Global Foundation distributed $8,500,000 in grants to other organizations and individuals in tax year 2024. Top recipients include Silicon Valley Community Foundation.
Data Source
Prepared by: Crowe LLP, Plano, TX
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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