Form 990 for tax year 2022
Filed by MISSION POSSIBLE PARTNERSHIP USA INC.
Totals
- Total revenue
- $26,402,410
- Total expenses
- $12,045,483
- Contributions and grants received
- $26,205,781
- Grants paid
- $2,489,960
- Program service revenue
- $0
- Investment income
- $196,629
- Other revenue
- $0
- Total assets, end of year
- $23,201,562
- Total liabilities, end of year
- $8,344,635
- Net assets or fund balances, end of year
- $14,856,927
- Program services expenses (Part IX)
- $11,654,763
- Management and general expenses
- $390,720
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,654,763
Program services were 96.8% 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.
-
1d · Related organizations
$796,250
-
1f · All other contributions, gifts and grants
$25,409,531
-
1g · Noncash contributions included above
$24,050,732
-
3 · Investment income
total $241,898 · excluded $241,898
-
7a · Gross sales of assets other than inventory
securities $4,100,165
-
7b · Less cost or other basis and sales expenses
securities $4,145,434
-
7c · Gain or loss
securities -$45,269
-
7d · Net gain or loss
total -$45,269 · excluded -$45,269
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $918,850 · program services $918,850
-
3 · Grants to foreign organizations and individuals
total $1,571,110 · program services $1,571,110
-
5 · Compensation of officers, directors and key employees
total $246,667 · program services $166,667 · management and general $80,000
-
7 · Other salaries and wages
total $110,961 · program services $101,045 · management and general $9,916
-
9 · Other employee benefits
total $21,078 · program services $15,779 · management and general $5,299
-
10 · Payroll taxes
total $7,770 · program services $5,816 · management and general $1,954
-
11b · Fees: legal
total $17,169 · program services $16,538 · management and general $631
-
11c · Fees: accounting
total $3,675 · management and general $3,675
-
11g · Fees: other
total $8,995,170 · program services $8,738,950 · management and general $256,220
-
13 · Office expenses
total $1,641 · program services $738 · management and general $903
-
14 · Information technology
total $20,707 · program services $9,315 · management and general $11,392
-
16 · Occupancy
total $16,958 · program services $7,629 · management and general $9,329
-
17 · Travel
total $109,102 · program services $101,636 · management and general $7,466
-
23 · Insurance
total $3,533 · management and general $3,533
-
24a · Other expenses: FEES, LICENSES, DUES
total $1,092 · program services $690 · management and general $402
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $500,000
-
2 · Savings and temporary cash investments
end of year $23,189,919
-
9 · Prepaid expenses and deferred charges
end of year $11,643
-
17 · Accounts payable and accrued expenses
end of year $6,140,885
-
18 · Grants payable
end of year $2,203,750
-
27 · Net assets without donor restrictions
beginning of year $500,000 · end of year $14,856,927
Mission and programs · 2022
Mission
MISSION POSSIBLE PARTNERSHIP IS AN ALLIANCE OF CLIMATE LEADERS AND COMPANIES DRIVING INDUSTRIAL DECARBONISATION ACROSS THE ENTIRE VALUE CHAIN OF THE WORLD'S HIGHEST-EMITTING SECTORS: ALUMINIUM, CEMENT, CHEMICALS, STEEL; AVIATION, SHIPPING, AND TRUCKING. WE'RE CHARTING THE INVENTIVE STEPS AND RADICAL COLLABORATION TO ENABLE COMMERCIAL-SCALE DEEP DECARBONISATION PROJECTS IN THIS DECISIVE DECADE.
Activities or mission (Part I)
AN ALLIANCE OF CLIMATE LEADERS FOCUSED ON SUPERCHARGING DECARBONISATION.
-
THE MISSION POSSIBLE PARTNERSHIP IS SPARKING THE NET-ZERO TRANSFORMATION OF SEVEN INDUSTRIAL SECTORS, LEVERAGING THE CONVENING, TALENT AND EXPERTISE OF WORLD-LEADING ORGANISATIONS ON CLIMATE ACTION. SUPPORTED BY AN EXPANDING NETWORK OF NEARLY 300 PARTNERS ACROSS CORPORATE, FINANCE, AND POLICY, MPP IS EMPOWERING HIGH-AMBITION SECTOR INITIATIVES IN SEVEN TARGET SECTORS, WHICH MOBILISE THE FULL VALUE CHAIN TO DECARBONISE THESE CARBONINTENSIVE INDUSTRIES.
Expenses $11,654,763 · Grants $2,489,960
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jules KortenhorstJULES KORTENHORST
DIRECTOR (THRU 10/22)
- Total calculated
- $765,919
- From this org
- $0
- From related orgs
- $734,956
- Other
- $30,963
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $470,087 related
- Bonus
- $0 + $252,000 related
- Other
- $0 + $12,869 related
- Deferred
- $0 + $15,250 related
- Nontaxable benefits
- $0 + $15,713 related
- Filer's total
- $0 + $765,919 related
-
Matt RogersMATT ROGERS
CEO (THRU 10/22; SEE SCH L)
- Total calculated
- $0
- Hours/week
- 40
-
Jessica UhlJESSICA UHL
CEO (EFF. 04/23)
- Total calculated
- $0
- Hours/week
- 40
-
Heather McCreeryHEATHER MCCREERY
TREASURER (THRU 04/23)
- Total calculated
- $0
- Hours/week
- 1
-
Paul SwinandPAUL SWINAND
TREASURER (EFF. 04/23)
- Total calculated
- $0
- Hours/week
- 1
-
Anna ItenbergANNA ITENBERG
SECRETARY (THRU 04/23)
- Total calculated
- $0
- Hours/week
- 1
-
Melia ManterMELIA MANTER
SECRETARY (EFF. 04/23)
- Total calculated
- $0
- Hours/week
- 1
-
Charles HollidayCHARLES HOLLIDAY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Adair TurnerADAIR TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aditya MittalADITYA MITTAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara FreiBARBARA FREI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlotte PeraCHARLOTTE PERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dick BenschopDICK BENSCHOP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dominik Von AchtenDOMINIK VON ACHTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy JurgensJEREMY JURGENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julia ReinaudJULIA REINAUD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence Di RitaLAWRENCE DI RITA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria MendiluceMARIA MENDILUCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Martin BrudermullerMARTIN BRUDERMULLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy ChenRANDY CHEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharan BurrowSHARAN BURROW
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 · 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
-
$796,250
NET ZERO TRANSFORMATION SUPPORT
-
$122,600
ORGANIZATIONAL SUPPORT
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.
-
501(C)(3) · RESEARCH · CO
-
501(C)(3) · REPORTING · DE
Directly controlled by RMI
-
ROCKY MOUNTAIN INSTITUTE INTERNATIONAL
501(C)(3) · RESEARCH · CO
Directly controlled by RMI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440799349301139
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