Form 990 for tax year 2022
Filed by SUSTAINABLE MARKETS FOUNDATION.
Totals
- Total revenue
- $39,210,071
- Total expenses
- $30,565,908
- Contributions and grants received
- $38,070,926
- Grants paid
- $8,473,094
- Program service revenue
- $0
- Investment income
- $1,139,145
- Other revenue
- $0
- Total assets, end of year
- $44,167,374
- Total liabilities, end of year
- $1,619,122
- Net assets or fund balances, end of year
- $42,548,252
- Program services expenses (Part IX)
- $29,895,834
- Management and general expenses
- $670,074
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $29,895,834
Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$38,070,926
-
3 · Investment income
total $1,086,608 · excluded $1,086,608
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $1,550,297
-
7b · Less cost or other basis and sales expenses
securities $1,497,760
-
7c · Gain or loss
securities $52,537
-
7d · Net gain or loss
total $52,537 · related or exempt $52,537
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,188,538 · program services $7,188,538
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $1,284,556 · program services $1,284,556
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $288,803 · program services $88,028 · management and general $200,775
-
11c · Fees: accounting
total $229,754 · management and general $229,754
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $63,901 · program services $63,901
-
13 · Office expenses
total $33,452 · program services $30,974 · management and general $2,478
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $52,972 · program services $6,148 · management and general $46,824
-
17 · Travel
total $663,039 · program services $652,986 · management and general $10,053
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $11,262 · program services $11,262
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $936 · management and general $936
-
23 · Insurance
total $8,805 · program services $8,038 · management and general $767
-
24a · Other expenses: PROGRAM MANAGEMENT
total $5,303,918 · program services $5,303,918
-
24b · Other expenses: PROJECT Mgmt/dir
total $3,015,258 · program services $3,015,258
-
24c · Other expenses: COMMUNICATIONS
total $2,318,074 · program services $2,318,074
-
24d · Other expenses: MEDIA DEVELOPMENT
total $1,458,890 · program services $1,458,890
-
24e · All other expenses
total $8,643,750 · program services $8,465,263 · management and general $178,487
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,329,379 · end of year $498,645
-
2 · Savings and temporary cash investments
beginning of year $25,625,246 · end of year $13,881,820
-
3 · Pledges and grants receivable
beginning of year $2,357,292 · end of year $582,110
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $31,930 · end of year $405,029
-
10a · Land, buildings and equipment: cost or other basis
$4,681
-
10b · Land, buildings and equipment: accumulated depreciation
$1,404
-
10c · Land, buildings and equipment, net
beginning of year $4,213 · end of year $3,277
-
11 · Investments: publicly traded securities
end of year $28,695,493
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $103,258 · end of year $101,000
-
17 · Accounts payable and accrued expenses
beginning of year $736,572 · end of year $1,619,122
-
27 · Net assets without donor restrictions
beginning of year $4,045,030 · end of year $6,623,855
-
28 · Net assets with donor restrictions
beginning of year $29,669,716 · end of year $35,924,397
Mission and programs · 2022
Mission
THE MISSION OF THE ORGANIZATION IS TO PROMOTE ENVIRONMENTAL PROTECTION, ENERGY EFFICIENCY, CONSUMER PROTECTION, HEALTH AND SAFETY, AND GOOD GOVERNMENT.
-
CLIMATE CHANGE - A PROGRAM TO RESEARCH AND DEVELOP REPORTS AND EDUCATIONAL MATERIALS FOR THE PUBLIC ON THE NEED FOR BOLD ACTION IN RESPONSE TO THE CLIMATE CRISIS. ACTIVITIES INCLUDE DISSEMINATION OF PUBLIC EDUCATION MATERIALS THROUGH THE MEDIA, BLOGS AND EDUCATIONAL INSTITUTIONS, AND HOLDING PUBLIC EVENTS ACROSS THE U.S. TO RAISE PUBLIC AWARENESS OF THE IMPACT OF CLIMATE CHANGE.
Expenses $11,866,126 · Grants $1,784,883
-
CLEAN ENERGY & JUST TRANSITION - A PROGRAM TO EDUCATE THE PUBLIC ABOUT THE NEED TO LOOK BEYOND FOSSIL FUELS TO A FUTURE THAT IS SAFE AND HEALTHY FOR EVERYONE AND ADDRESS THE ONGOING CLIMATE, HEALTH, AND ENVIRONMENTAL JUSTICE EMERGENCY CAUSED BY THE OIL AND GAS INDUSTRY, INCLUDING THE NEED TO PHASE OUT FOSSIL FUEL PRODUCTION WITH A JUST AND EQUITABLE TRANSITION THAT PROTECTS WORKERS, COMMUNITIES, AND ECONOMIES.
Expenses $8,563,841 · Grants $3,031,426
-
ENVIRONMENTAL CONSERVATION - A PROGRAM TO RESEARCH, AND EDUCATE THE PUBLIC ON, THE IMPORTANCE OF PROTECTING THE ENVIRONMENT, CONSERVING NATURAL RESOURCES, RECYCLING, AND PRESERVATION OF CLEAN AIR, WATER, AND NATURAL ECOSYSTEMS.
Expenses $4,551,532 · Grants $2,451,620
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Elizabeth HitchcockELIZABETH HITCHCOCK
President
- Total calculated
- $0
- Hours/week
- 1
-
Stephen KleinbergSTEPHEN KLEINBERG
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
John RichardJOHN RICHARD
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
JAY R HALFON dir gen Counl
Director
- Total calculated
- $0
- Hours/week
- 32
Schedule J breakdown matched by us
- Base
- not reported
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part II, Compensation from Unrelated Organizations
- HALFON & BOEHM, PC, A LAW FIRM, PROVIDED LEGAL SERVICES TO SUSTAINABLE MARKETS FOUNDATION AND RECEIVED COMPENSATION IN THE AMOUNT OF $ 200,000.00. JAY R HALFON IS A SHAREHOLDER.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$1,625,000
ENVIRONMENTAL CONSERVATION
-
$776,000
CLIMATE CHANGE
-
$618,750
Clean Energy and Just Transition
-
$467,500
CLEAN ENERGY AND JUST TRANSITION
-
$306,000
CLIMATE CHANGE
-
$250,000
CLEAN ENERGY AND JUST TRANSITION
-
$250,000
ENVIRONMENTAL CONSERVATION
-
$200,000
CLIMATE CHANGE
-
$160,000
CLEAN ENERGY AND JUST TRANSITION
-
$154,925
JOURNALISM AND CIVICS
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441979349302444
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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