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← INSTITUTE FOR MARKET TRANSFORMATION INC

Form 990 for tax year 2024

Filed by INSTITUTE FOR MARKET TRANSFORMATION INC.

Totals

Total revenue
$6,537,555
Total expenses
$8,135,948
Contributions and grants received
$5,029,262
Grants paid
$1,293,750
Program service revenue
$1,372,675
Investment income
$132,861
Other revenue
$2,757
Total assets, end of year
$5,394,663
Total liabilities, end of year
$865,056
Net assets or fund balances, end of year
$4,529,607
Program services expenses (Part IX)
$6,992,673
Management and general expenses
$923,229
Fundraising expenses
$220,046
Program service expenses (Part III)
$6,992,673

Program services were 85.9% 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)

    $1,524,805

  • 1f · All other contributions, gifts and grants

    $3,504,457

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,266,433 · related or exempt $1,045,615 · unrelated business $220,818

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $106,242 · related or exempt $21,525 · unrelated business $84,717

  • 3 · Investment income

    total $132,861 · excluded $132,861

  • 11a · Other revenue: MISCELLANEOUS

    total $2,757 · related or exempt $2,757

  • 11e · Other revenue, total

    $2,757

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,293,750 · program services $1,293,750

  • 5 · Compensation of officers, directors and key employees

    total $451,320 · program services $215,062 · management and general $215,009 · fundraising $21,249

  • 7 · Other salaries and wages

    total $3,826,832 · program services $3,185,674 · management and general $509,071 · fundraising $132,087

  • 8 · Pension plan contributions

    total $103,328 · program services $85,843 · management and general $13,527 · fundraising $3,958

  • 9 · Other employee benefits

    total $359,132 · program services $298,810 · management and general $49,718 · fundraising $10,604

  • 10 · Payroll taxes

    total $334,215 · program services $267,864 · management and general $54,519 · fundraising $11,832

  • 11b · Fees: legal

    total $12,437 · program services $10,386 · management and general $1,712 · fundraising $339

  • 11c · Fees: accounting

    total $32,057 · management and general $32,057

  • 11g · Fees: other

    total $1,270,915 · program services $1,237,017 · management and general $10,426 · fundraising $23,472

  • 13 · Office expenses

    total $38,416 · program services $32,459 · management and general $4,600 · fundraising $1,357

  • 16 · Occupancy

    total $70,441 · program services $56,166 · management and general $12,642 · fundraising $1,633

  • 17 · Travel

    total $104,577 · program services $98,568 · management and general $1,244 · fundraising $4,765

  • 19 · Conferences, conventions and meetings

    total $88,426 · program services $86,799 · management and general $20 · fundraising $1,607

  • 22 · Depreciation, depletion and amortization

    total $23,131 · program services $18,473 · management and general $3,838 · fundraising $820

  • 23 · Insurance

    total $39,978 · program services $31,560 · management and general $7,056 · fundraising $1,362

  • 24a · Other expenses: SUBSCRIPTIONS/LICENSES

    total $58,034 · program services $49,073 · management and general $5,698 · fundraising $3,263

  • 24b · Other expenses: MISCELLANEOUS

    total $19,950 · program services $16,160 · management and general $2,092 · fundraising $1,698

  • 24c · Other expenses: MEMBERSHIPS

    total $9,009 · program services $9,009

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5 · end of year $5

  • 2 · Savings and temporary cash investments

    beginning of year $4,913,352 · end of year $3,806,919

  • 3 · Pledges and grants receivable

    beginning of year $1,338,058 · end of year $1,278,349

  • 4 · Accounts receivable

    beginning of year $135,955 · end of year $165,253

  • 9 · Prepaid expenses and deferred charges

    beginning of year $145,496 · end of year $98,212

  • 10a · Land, buildings and equipment: cost or other basis

    $196,789

  • 10b · Land, buildings and equipment: accumulated depreciation

    $159,550

  • 10c · Land, buildings and equipment, net

    beginning of year $38,634 · end of year $37,239

  • 15 · Other assets

    beginning of year $8,856 · end of year $8,686

  • 17 · Accounts payable and accrued expenses

    beginning of year $362,137 · end of year $677,375

  • 19 · Deferred revenue

    beginning of year $90,219 · end of year $187,681

  • 27 · Net assets without donor restrictions

    beginning of year $2,671,044 · end of year $2,359,630

  • 28 · Net assets with donor restrictions

    beginning of year $3,456,956 · end of year $2,169,977

Mission and programs · 2024

Mission

IMT BELIEVES BETTER BUILDINGS IMPROVE LIVES. IMT'S MISSION IS TO CATALYZE DEMAND FOR HIGH-PERFORMING BUILDINGS.

Activities or mission (Part I)

IMT WORKS WITH GOVERNMENT, BUSINESS, & COMMUNITY PARTNERS TO IMPROVE BUILDINGS & CREATE JOBS.

  • POLICY: IMT WORKS TO ACTIVATE GOVERNMENT AT THE FEDERAL, STATE, AND LOCAL LEVELS TO USE THE REGULATORY LEVERS AVAILABLE TO ADDRESS BUILDING PERFORMANCE. FOR MORE THAN 25 YEARS, IMT HAS WORKED WITH POLICYMAKERS AND STAKEHOLDERS TO CO-DESIGN AND IMPLEMENT BUILDING CODES AND POLICIES AT EVERY LEVEL TO DRIVE DEMAND FOR HEALTHY, RESILIENT, LOW-POLLUTION BUILDINGS. IMT CURRENTLY LEADS THE NATIONAL BPS COALITION, WHICH AIMS TO CATALYZE $132 BILLION IN INVESTMENT IN HIGH PERFORMANCE BUILDINGS THAT LOWER ENERGY COSTS FOR RESIDENTS AND BUSINESSES.

    Expenses $2,911,295 · Revenue $162,953

  • COMMUNITY ENGAGEMENT: IMT BELIEVES COMMUNITIES WHICH EXPERIENCE THE GREATEST CHALLENGES SHOULD DRIVE THEIR OWN SOLUTIONS. IMT FACILIITATES CONVERSATION, PROVIDES CONNECTIONS, AND OFFERS TECHNICAL EXPERTISE TO SUPPORT COMMUNITY-DRIVEN POLICY RESPONSES THAT BENEFIT ALL RESIDENTS, AND CREATE ECONOMIC OPPORTUNITIES FOR FRONTLINE COMMUNITIES. IMT WORKS WITH MORE THAN 100 PARTNERS ACROSS ALL OF OUR PROJECTS TO ENSURE POLICIES SUPPORT AFFORDABILITY AND COMMUNITY PRIORITIES.

    Expenses $2,025,180 · Grants $1,233,750 · Revenue $94,034

  • BUSINESS ENGAGEMENT: IMT HELPS THE PRIVATE SECTOR MEET THEIR CURRENT AND FUTURE BUILDING ENERGY NEEDS, WHILE PUSHING THE MARKET TOWARD HIGH-PERFORMING BUILDINGS AS A NEW NORMAL. IMT PROVIDES GREEN LEASING CERTIFICATION THAT REDUCES ENERGY COSTS; AWARDEES CURRENTLY OWN OR MANAGE 8.1 BILLION SQ FT OF SPACE. IMT ALSO PROVIDES KEY POLICY DATA AND INSIGHTS THROUGH ITS CORPORATE ENGAGEMENT OPPORTUNITIES PROGRAM. ADDITIONALLY, IMT HELPS THE REAL ESTATE SECTOR MEET SHIFTING MARKET DEMANDS THROUGH ITS BUILDING PERFORMANCE PARTNERSHIP AND ITS BUILDING INNOVATION HUB IN WASHINGTON, DC.

    Expenses $1,832,771 · Grants $60,000 · Revenue $1,118,445

  • BUILDING CODES

    Expenses $223,427

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

Listed in Part VII

  • Sandra Henry

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Akshai Rao

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Bomee Jung

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Eric Walker

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Carlton Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Julia Gisewite

    BOARD MEMBER/AUDIT CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Tamara Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Maureen Waters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • David Goldstein

    BOARD MEMBER (UNTIL 10/20/2025)

    Total calculated
    $0
    Hours/week
    2

  • Alex Dews

    CEO

    Total calculated
    $233,597
    From this org
    $211,550
    From related orgs
    $0
    Other
    $22,047
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $201,550
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,347
    Nontaxable benefits
    $15,700
    Filer's total
    $233,597

  • Betsy Law

    MANAGING DIRECTOR

    Total calculated
    $217,723
    From this org
    $193,315
    From related orgs
    $0
    Other
    $24,408
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $173,315
    Bonus
    $20,000
    Other
    $0
    Deferred
    $5,859
    Nontaxable benefits
    $18,549
    Filer's total
    $217,723

  • Marla Thalheimer

    SENIOR DIRECTOR

    Total calculated
    $189,193
    From this org
    $150,636
    From related orgs
    $0
    Other
    $38,557
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $150,636
    Bonus
    $0
    Other
    $0
    Deferred
    $4,659
    Nontaxable benefits
    $33,898
    Filer's total
    $189,193

  • Clifford Majersik

    SENIOR ADVISOR

    Total calculated
    $180,812
    From this org
    $143,649
    From related orgs
    $0
    Other
    $37,163
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $143,649
    Bonus
    $0
    Other
    $0
    Deferred
    $4,449
    Nontaxable benefits
    $32,714
    Filer's total
    $180,812

  • Lauren J Miller

    SENIOR DIRECTOR

    Total calculated
    $164,351
    From this org
    $155,183
    From related orgs
    $0
    Other
    $9,168
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $155,183
    Bonus
    $0
    Other
    $0
    Deferred
    $4,656
    Nontaxable benefits
    $4,512
    Filer's total
    $164,351

  • Lindsey D Falasca

    DIRECTOR

    Total calculated
    $148,447
    From this org
    $139,558
    From related orgs
    $0
    Other
    $8,889
    Hours/week
    35

  • Theresa M Backhus

    DIRECTOR

    Total calculated
    $150,865
    From this org
    $132,485
    From related orgs
    $0
    Other
    $18,380
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $132,485
    Bonus
    $0
    Other
    $0
    Deferred
    $3,975
    Nontaxable benefits
    $14,405
    Filer's total
    $150,865

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
7 October 2025
IRS schema version
2024v5.2
Source object
202512829349300921

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

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