Form 990 for tax year 2023
Filed by EMERGENT FOREST FINANCE ACCELERATOR INC.
Totals
- Total revenue
- $5,871,063
- Total expenses
- $6,311,501
- Contributions and grants received
- $5,867,210
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $3,853
- Total assets, end of year
- $26,655,842
- Total liabilities, end of year
- $21,963,786
- Net assets or fund balances, end of year
- $4,692,056
- Program services expenses (Part IX)
- $5,258,953
- Management and general expenses
- $1,035,322
- Fundraising expenses
- $17,226
- Program service expenses (Part III)
- $5,258,953
Program services were 83.3% 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.
-
1e · Government grants (contributions)
$4,695,410
-
1f · All other contributions, gifts and grants
$1,171,800
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $3,853 · excluded $3,853
-
11e · Other revenue, total
$3,853
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $326,231 · program services $270,099 · management and general $54,905 · fundraising $1,227
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $3,150,070 · program services $2,607,819 · management and general $530,106 · fundraising $12,145
-
8 · Pension plan contributions
total $132,133 · program services $109,561 · management and general $22,271 · fundraising $301
-
9 · Other employee benefits
total $208,133 · program services $172,577 · management and general $35,081 · fundraising $475
-
10 · Payroll taxes
total $793,241 · program services $657,731 · management and general $133,701 · fundraising $1,809
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $266,296 · program services $247,653 · management and general $18,643
-
11c · Fees: accounting
total $73,529 · management and general $73,529
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $626,558 · program services $606,465 · management and general $20,093
-
12 · Advertising and promotion
total $45,029 · program services $45,029
-
13 · Office expenses
total $31,172 · program services $19,283 · management and general $11,889
-
14 · Information technology
total $20,771 · management and general $20,771
-
15 · Royalties
total $0
-
16 · Occupancy
total $67,205 · program services $50,705 · management and general $16,500
-
17 · Travel
total $307,820 · program services $304,536 · management and general $3,284
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $52,937 · program services $52,937
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $27,026 · program services $27,026
-
24a · Other expenses: SUBSCRIPTIONS
total $108,131 · program services $72,433 · management and general $35,698
-
24b · Other expenses: RECRUITMENT
total $13,874 · program services $10,197 · management and general $3,677
-
24c · Other expenses: NON-CAPITAL EQUIPMENT
total $4,471 · program services $3,202 · fundraising $1,269
-
24d · Other expenses: OTHER EXPENSES
total $56,874 · program services $1,700 · management and general $55,174
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,649,860 · end of year $22,753,457
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $3,470,949 · end of year $3,806,287
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $27,925 · end of year $31,243
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $109,049 · end of year $64,855
-
17 · Accounts payable and accrued expenses
beginning of year $171,318 · end of year $169,504
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $15,690,280
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $5,835,000
-
25 · Other liabilities
beginning of year $64,181 · end of year $269,002
-
27 · Net assets without donor restrictions
beginning of year $1,804,439 · end of year $260,153
-
28 · Net assets with donor restrictions
beginning of year $3,217,845 · end of year $4,431,903
Mission and programs · 2023
Mission
TO FOSTER AND PROMOTE FOREST PROTECTION, FOREST RESTORATION, CLIMATE CHANGE MITIGATION, AND SUSTAINABLE DEVELOPMENT.
-
TO FOSTER AND PROMOTE FOREST PROTECTION, FOREST RESTORATION, CLIMATE CHANGE MITIGATION, AND SUSTAINABLE DEVELOPMENT. THIS IS DONE THROUGH ACCELERATING DEMAND FOR AND PROMOTING SUPPLY OF HIGH-QUALITY, JURISDICTIONAL-SCALE EMISSIONS REDUCTIONS FROM REDUCING DEFORESTATION AND FOREST DEGRADATION AND THE ENHANCEMENT OF FOREST CARTON STOCKS IN DEVELOPING COUNTRIES, IN ORDER TO HELP PROTECT THE EARTH'S FORESTS, AS WELL AS THE CARBON STOCKS, BIODIVERSITY, AND ECOSYSTEM SERVICES THEY SUSTAIN, WHILE SAFEGUARDING THE RIGHTS OF THE INDIGENOUS PEOPLES AND LOCAL COMMUNITIES.
Expenses $5,258,953
As filed on the 2023 return.
Listed in Part VII
-
Eron BloomgardenERON BLOOMGARDEN
FOUNDER/CEO
- Total calculated
- $326,231
- From this org
- $306,767
- From related orgs
- $0
- Other
- $19,464
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $306,767
- Bonus
- $0
- Other
- $0
- Deferred
- $7,505
- Nontaxable benefits
- $11,959
- Filer's total
- $326,231
-
Rocio Sanz CortesROCIO SANZ CORTES
EXEC. VP, GLOBAL ORIGINATION
- Total calculated
- $234,883
- From this org
- $225,660
- From related orgs
- $0
- Other
- $9,223
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,660
- Bonus
- $0
- Other
- $0
- Deferred
- $6,770
- Nontaxable benefits
- $2,453
- Filer's total
- $234,883
-
Katherine ZamskyKATHERINE ZAMSKY
CHIEF FINANCIAL OFFICER
- Total calculated
- $218,213
- From this org
- $200,060
- From related orgs
- $0
- Other
- $18,153
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,060
- Bonus
- $0
- Other
- $0
- Deferred
- $6,002
- Nontaxable benefits
- $12,151
- Filer's total
- $218,213
-
Jonathan ShepardJONATHAN SHEPARD
CHIEF OPERATING OFFICER
- Total calculated
- $217,507
- From this org
- $201,215
- From related orgs
- $0
- Other
- $16,292
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,215
- Bonus
- $0
- Other
- $0
- Deferred
- $11,314
- Nontaxable benefits
- $4,978
- Filer's total
- $217,507
-
Edwina McKechnieEDWINA MCKECHNIE
EXEC. VP, CORPORATE ENGAGEMENT
- Total calculated
- $206,653
- From this org
- $190,516
- From related orgs
- $0
- Other
- $16,137
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,516
- Bonus
- $0
- Other
- $0
- Deferred
- $5,715
- Nontaxable benefits
- $10,422
- Filer's total
- $206,653
-
Sean FrisbySEAN FRISBY
CHIEF PARTNERSHIP OFFICER
- Total calculated
- $193,320
- From this org
- $181,101
- From related orgs
- $0
- Other
- $12,219
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,101
- Bonus
- $0
- Other
- $0
- Deferred
- $7,241
- Nontaxable benefits
- $4,978
- Filer's total
- $193,320
-
Lorenzo BernasconiLORENZO BERNASCONI
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Peter KnightPETER KNIGHT
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mahua AcharyaMAHUA ACHARYA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Naoko IshiiNAOKO ISHII
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard KauffmanRICHARD KAUFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nat KeohaneNAT KEOHANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349309456
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