Skip to content
Nonprofiteer
← ACT INSTITUTE INC

Form 990 for tax year 2024

Filed by ACT INSTITUTE INC.

Totals

Total revenue
$1,681,372
Total expenses
$2,076,529
Contributions and grants received
$1,655,252
Grants paid
$80,000
Program service revenue
$25,555
Investment income
$565
Other revenue
$0
Total assets, end of year
$480,467
Total liabilities, end of year
$708,265
Net assets or fund balances, end of year
-$227,798
Program services expenses (Part IX)
$1,511,835
Management and general expenses
$564,694
Fundraising expenses
$0
Program service expenses (Part III)
$1,511,835

Program services were 72.8% 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

    $1,655,252

  • 2a · Program service revenue: Registration Revenue

    total $24,546 · related or exempt $24,546

  • 2b · Program service revenue: Miscellanous Revenue

    total $1,009 · related or exempt $1,009

  • 3 · Investment income

    total $565 · excluded $565

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 3 · Grants to foreign organizations and individuals

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

  • 11a · Fees: management

    total $1,543,022 · program services $1,251,839 · management and general $291,183

  • 11b · Fees: legal

    total $35,791 · management and general $35,791

  • 11c · Fees: accounting

    total $100,228 · management and general $100,228

  • 11g · Fees: other

    total $117,954 · program services $66,694 · management and general $51,260

  • 13 · Office expenses

    total $46,528 · program services $33,683 · management and general $12,845

  • 14 · Information technology

    total $20,506 · program services $5,652 · management and general $14,854

  • 16 · Occupancy

    total $25,791 · management and general $25,791

  • 17 · Travel

    total $31,292 · program services $30,034 · management and general $1,258

  • 19 · Conferences, conventions and meetings

    total $2,592 · program services $2,494 · management and general $98

  • 20 · Interest

    total $4,369 · program services $637 · management and general $3,732

  • 23 · Insurance

    total $47 · management and general $47

  • 24a · Other expenses: Events

    total $49,878 · program services $36,630 · management and general $13,248

  • 24b · Other expenses: Miscellaneous

    total $16,436 · program services $2,906 · management and general $13,530

  • 24c · Other expenses: Payroll Processing

    total $2,095 · program services $1,266 · management and general $829

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $195,577 · end of year $288,703

  • 3 · Pledges and grants receivable

    beginning of year $300,000

  • 4 · Accounts receivable

    beginning of year $54,262 · end of year $157,735

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,567 · end of year $34,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,274 · end of year $113,259

  • 19 · Deferred revenue

    beginning of year $31,417 · end of year $62,600

  • 25 · Other liabilities

    beginning of year $337,356 · end of year $532,406

  • 27 · Net assets without donor restrictions

    beginning of year -$228,348 · end of year -$273,465

  • 28 · Net assets with donor restrictions

    beginning of year $395,707 · end of year $45,667

Mission and programs · 2024

Mission

ACT Institute leads the just, equitable and rapid transition to a clean energy future and diverse climate economy.

  • In ACT Institute's policy and government affairs initiatives, the institute leads planning and broad education and related efforts, while the council leads in legislative advocacy and related convenings. ACT Institute's combined policy efforts focus on advancing the northeast US's valuable markets in:- Grid modernization & 21st century electricity system (includingrate case initiatives)- Distributed clean energy resources, including solar, energystorage, efficiency, and building technologies.- Grid-scale renewables - Onshore wind, offshore wind, grid-scale solar- Climate & greenhouse gas markets- Northeast clean transportation solutions

    Expenses $769,144 · Revenue $1,259

  • ACT Institute's Cleantech Navigate Northeast (Navigate) program leverages the power of ACT Institute's networks to provide cleantech startups access to resources and business support to grow and scale. Working with dozens of partner organizations (the Navigate innovation partners) including incubators, accelerators, and associations, navigate helps partners and their portfolio startups get to the next stage of their growth through its unique services and events.

    Expenses $189,296 · Revenue $19,433

  • Cleantech Open is the oldest and largest cleantech startup accelerator program, with the mission to find, fund, and foster entrepreneurs with ideas to solve our greatest environmental and energy challenges. Through our annual business competition and accelerator program, we connect cleantech startups with the people and resources that will accelerate their success, and provide a national platform for public visibility.

    Expenses $466,824 · Grants $80,000 · Revenue $4,863

  • Communications, memberships, events and special projects.

    Expenses $86,571

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Goldman

    Co-Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tina Bennett

    Co-Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Russ Landon

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Josh Aviv

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laura Bartsch

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Cowell

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nick d'Arbeloff

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Amy Duffulor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Hoffman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gregory King

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Knobloch

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Melissa Lavinson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patrick McMahon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Parker Mundt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Reichert

    Director

    Total calculated
    $0
    Hours/week
    1

  • David Sandbank

    Director

    Total calculated
    $0
    Hours/week
    1

  • Swapnil Shah

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mitch Tyson

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Wambui-Exop

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Curtatone

    President

    Total calculated
    $320,339
    From this org
    $0
    From related orgs
    $290,080
    Other
    $30,259
    Hours/week
    11.6 + 28.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,080 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,259 related
    Filer's total
    $0 + $320,339 related

  • Alistair Pim

    VP Advancement

    Total calculated
    $194,890
    From this org
    $0
    From related orgs
    $175,660
    Other
    $19,230
    Hours/week
    10.4 + 29.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,660 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,230 related
    Filer's total
    $0 + $194,890 related

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 I, Line 3
All compensation is paid by a related party, Alliance for Climate Transition, Inc. The compensation of the CEO is approved by the Board of Directors.

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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202533079349301023

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.