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Nonprofiteer
← COALITION FOR GREEN CAPITAL

Form 990 for tax year 2022

Filed by COALITION FOR GREEN CAPITAL.

Totals

Total revenue
$1,953,396
Total expenses
$2,321,440
Contributions and grants received
$1,481,531
Grants paid
$20,000
Program service revenue
$471,865
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,032,134
Total liabilities, end of year
$481,437
Net assets or fund balances, end of year
$550,697
Program services expenses (Part IX)
$1,942,113
Management and general expenses
$318,239
Fundraising expenses
$61,088
Program service expenses (Part III)
$1,942,113

Program services were 83.7% 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.

  • 1b · Membership dues

    $15,500

  • 1f · All other contributions, gifts and grants

    $1,466,031

  • 2a · Program service revenue: FEES FOR SERVICE INCOM

    total $471,865 · related or exempt $471,865

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 5 · Compensation of officers, directors and key employees

    total $101,468 · program services $76,101 · management and general $20,294 · fundraising $5,073

  • 7 · Other salaries and wages

    total $590,911 · program services $498,453 · management and general $49,095 · fundraising $43,363

  • 8 · Pension plan contributions

    total $6,800 · program services $5,764 · management and general $530 · fundraising $506

  • 9 · Other employee benefits

    total $25,495 · program services $21,161 · management and general $2,549 · fundraising $1,785

  • 10 · Payroll taxes

    total $52,477 · program services $43,556 · management and general $5,248 · fundraising $3,673

  • 11b · Fees: legal

    total $63,773 · program services $12,755 · management and general $44,641 · fundraising $6,377

  • 11c · Fees: accounting

    total $54,680 · management and general $54,680

  • 11g · Fees: other

    total $1,210,604 · program services $1,208,454 · management and general $2,150

  • 13 · Office expenses

    total $126,098 · management and general $126,098

  • 16 · Occupancy

    total $4,449 · program services $3,693 · management and general $445 · fundraising $311

  • 17 · Travel

    total $56,780 · program services $52,176 · management and general $4,604

  • 23 · Insurance

    total $7,905 · management and general $7,905

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $652,462 · end of year $690,097

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $330,000

  • 4 · Accounts receivable

    beginning of year $320,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,117 · end of year $2,107

  • 15 · Other assets

    beginning of year $9,930 · end of year $9,930

  • 17 · Accounts payable and accrued expenses

    beginning of year $173,768 · end of year $481,437

  • 27 · Net assets without donor restrictions

    beginning of year $344,574 · end of year -$124,720

  • 28 · Net assets with donor restrictions

    beginning of year $574,167 · end of year $675,417

Mission and programs · 2022

Mission

CGC IS A NON-PROFIT WITH A MISSION TO HALT CLIMATE CHANGE BY ACCELERATING INVESTMENT IN CLEAN ENERGY TECHNOLOGIES. CGC ACHIEVES THIS BY ADVOCATING FOR, CREATING AND IMPLEMENTING GREEN BANK FINANCE INSTITUTIONS. GREEN BANKS ARE A PROVEN FINANCE MODEL THAT USES PUBLIC AND PHILANTHROPIC FUNDS TO MOBILIZE PRIVATE INVESTMENT IN RENEWABLE ENERGY, ENERGY EFFICIENCY AND OTHER DECARBONIZATION TECHNOLOGIES. FOR OVER A DECADE, CGC HAS LED THE GREEN BANK MOVEMENT, WORKING AT THE FEDERAL, STATE AND LOCAL LEVEL IN THE U.S. AND IN COUNTRIES AROUND THE WORLD. BY INCREASING INVESTMENT AND ACCELERATING THE CONSTRUCTION OF CLEAN POWER, CGC IS HELPING DELIVER A CLEANER, BETTER FUTURE.

Activities or mission (Part I)

TO HALT CLIMATE CHANGE BY ACCELERATING INVESTMENT IN CLEAN ENERGY TECHNOLOGIES

  • CGC TAKES A HOLISTIC APPROACH TO CLEAN ENERGY INVESTMENT, AND HAS BUILT A TRACK RECORD OF HANDS-ON EXPERTISE THAT REMAINS UNIQUE AMONG BOTH NON-PROFIT INSTITUTIONS AND FOR-PROFIT CONSULTANTS. A FEW KEY PRINCIPLES UNDERLIE CGC'S APPROACH TO ESTABLISHING NEW GREEN BANKS AND SUPPORTING THE BROADER GREEN BANK ECOSYSTEM.INCUBATE AND SUPPORT GREEN BANKSCGC CREATES NATIONAL, REGIONAL AND LOCAL GREEN BANKS THAT FINANCE CLEAN ENERGY PROJECTS IN PARTNERSHIP WITH THE PRIVATE SECTOR. CGC HAS UNIQUE EXPERTISE EVALUATING MARKETS, DESIGNING INSTITUTIONAL MODELS, DRAFTING LEGISLATION AND FORMING GREEN BANKS IN GEOGRAPHIES AROUND THE WORLD. (CONTINUE ON SCHEDULE O)RAISE AND DEPLOY CAPITALCGC PARTNERS WITH GREEN BANKS TO RAISE, ORGANIZE AND DEPLOY CAPITAL TO FINANCE CLEAN ENERGY PROJECTS AND SUPPORT GREEN BANK OPERATIONS. FROM FOUNDATIONS AND IMPACT INVESTORS TO COMMERCIAL LENDERS AND DEVELOPMENT INSTITUTIONS, CGC SEEKS TO CONNECT CAPITAL TO EMISSIONS-REDUCING PROJECTS.SPUR EXPANSION AND GROWTHCGC IS A THOUGHT LEADER, CONVENER AND FIELD CATALYST FOR GREEN BANKS. CGC SUPPORTS THE GROWTH OF A ROBUST INDUSTRY THROUGH RESEARCH, NETWORKING, EVENTS AND COMMUNICATION. THIS INCLUDES OPERATING THE AMERICAN GREEN BANK CONSORTIUM AND THE GLOBAL GREEN BANK NETWORK, TWO MEMBERSHIP ORGANIZATIONS WHICH CONVENE GREEN BANK INSTITUTIONS.

    Expenses $1,942,113 · Grants $20,000 · Revenue $471,865

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Reed Hundt

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    40
  • Sue Tierney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Roger Dower

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Richard Kauffman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Sharon Oster

    DIRECTOR (LEFT 6/23)

    Total calculated
    $0
    Hours/week
    1
  • Paul De Sa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ken Marks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristina Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marla Blow

    DIRECTOR (JOINED 9/22)

    Total calculated
    $0
    Hours/week
    1
  • Oswaldo Acosta

    DIRECTOR (JOINED 7/22)

    Total calculated
    $0
    Hours/week
    1
  • Bryan Garcia

    DIRECTOR (JOINED 7/22)

    Total calculated
    $0
    Hours/week
    4
  • Donnel Baird

    DIRECTOR (JOINED 12/22)

    Total calculated
    $0
    Hours/week
    1
  • Hugh Frater

    DIRECTOR (JOINED 12/22)

    Total calculated
    $0
    Hours/week
    1
  • Carlos Curbelo

    DIRECTOR (JOINED 11/22)

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Schub

    SEC./ TREAS. (THRU 4/22)

    Total calculated
    $101,662
    From this org
    $100,160
    From related orgs
    $0
    Other
    $1,502
    Hours/week
    65
  • Elisha Hopson

    EXEC. DIR. (JOINED 10/22)

    Total calculated
    $103,584
    From this org
    $103,584
    From related orgs
    $0
    Other
    $0
    Hours/week
    65
  • Litman Henry

    SEC./ TREAS. (AS OF 4/22)

    Total calculated
    $151,616
    From this org
    $147,980
    From related orgs
    $0
    Other
    $3,636
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $147,980
    Bonus
    $0
    Other
    $0
    Deferred
    $349
    Nontaxable benefits
    $3,287
    Filer's total
    $151,616

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 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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333179349301548

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