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 Actual Actual Projected (aggressive) Projected (aggressive) Projected (aggressive)
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Budget CategoryExpense CategoryNotes20212022202320242025
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 Outreach Payroll/Benefits/Taxes Consistent with our long-term goals we are budgeting for significant hiring of Outreach staff 1,765,239 2,143,454 2,688,557 4,561,904 6,541,777
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 Advertising & PR We are planning for advertising spend growth and plan to focus additional resources in Outreach staff and major gifts expansion 2,022,077 1,482,278 1,704,620 1,960,313 2,254,360
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 Outreach Consultants Budget for new outside contractors to assist with Comms/PR 24,326 269,031 309,385 355,793 409,162
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 Website Hosting fees and fees paid to website developers. 42,950 9,425 10,839 352,465 354,334
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 Donor Engagement Outreach costs not captured in staff and consultant costs or website. Includes donor events, and staff travel for outreach purposes. 32,430 139,205 261,669 300,919 346,057
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 Travel: Outreach Travel to donor meetings and events. 10,364 29,717 34,175 39,301 45,197
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 Research Payroll/Benefits/Taxes Consistent with our long-term goals we are budgeting for significant hiring of research staff 2,593,732 3,753,351 5,770,565 11,635,089 16,470,399
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 Research contractors Budgeting for contracts 113,935 758,218 871,951 1,621,951 1,865,244
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 Travel: Research Costs to visit charities in the locations where they work and to travel to conferences and other research meetings. 1,933 30,998 75,000 86,250 99,188
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 Research Expense Academic papers, other materials, subscriptions, and other research expenses 37,004 95,017 109,270 125,660 144,509
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 Engagement Payroll/Benefits/Taxes This category captured expenses related to our former Managing Director. He left in May 2022 and we do not plan to backfill his role. These costs are being absorbed under the Research budget category. We plan on removing this category in future years. 292,136 145,278 - - -
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 Travel: Engagement 893 - - - -
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 Engagement contractors 23,750 13,940 - - -
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 Operations Payroll/Benefits/Taxes Consistent with our long-term goals we are budgeting for significant hiring of Operations staff to support Research and Outreach expected hires. 1,460,432 2,139,896 2,586,472 4,141,003 5,252,749
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 Audit & Tax fee Includes auditor fee, tax form preparation, and estimated fee for accountants to assist in process. 53,865 41,453 47,670 54,821 63,044
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 Consultants CFO Consultant, junior accountant, Ops Admin 260,157 159,802 197,174 243,504 300,971
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 Office technology Includes software and office internet and phone service for office 110,163 195,210 229,185 269,664 318,044
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 Legal fees Increasing legal fees due to ongoing legal consultation and UK expansion 79,868 76,182 87,609 100,750 115,863
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 Office snacks Includes snacks for Oakland and NYC office 538 6,881 7,913 9,100 10,465
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 Payment Processing Fees Fewer large crypto donations leads to fewer large crypto fees, most large donations come through payment methods with lower fees (checks, wires). 725,441 221,919 255,207 293,488 337,511
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 Internal events and appreciation Includes regular small scale activities and larger scale events (quarterly visits). Budgets for wellness, productivity & manager discretionary 47,972 71,987 82,785 95,203 109,484
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 Staff recruitment Fees for trial work, and recruiting fees for senior level management and help recruiting diverse candidates. 161,893 473,173 709,760 1,064,640 1,596,960
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 Insurance Expecting modestly higher rates based on revenue growth 61,702 67,985 78,183 89,911 103,397
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 HR Services Monthly HR fees and payroll service 100,266 172,445 198,312 228,059 262,268
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 Travel: Other Includes other non-research and non-outreach travel including visit weeks 23,347 217,373 249,979 491,831 565,606
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 Office Space Office supplies Furnishings and equipment, office décor, admin supplies 22,273 95,547 109,879 126,361 145,315
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 Office space Remote coworking space & home office equipment (& depreciation expenses related to office and equipment) 172,221 243,998 280,598 322,687 371,090
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 Oakland Office Oakland office lease to terminate in Q424. 371,051 371,051 371,051 340,131 185,526
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 Other Misc Expense Misc other expenses 1,985 9,404 10,814 12,437 14,302
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 TOTAL NON-STAFF EXPENSES 4,502,406 5,252,240 6,293,029 8,585,238 10,017,896
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 TOTAL PAYROLL/BENEFITS/TAXES 6,111,539 8,181,979 11,045,594 20,337,996 28,264,924
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 TOTAL EXPENSES 10,613,945 13,434,220 17,338,624 28,923,234 38,282,820
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 YoY Growth 2,820,275 3,904,404 11,584,610 9,359,586
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NON-STAFF EXPENSES YOY %17%20%36%17%
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PAYROLL/BENEFITS/TAXES YOY%34%35%84%39%
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