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Nonprofiteer
← APPAREL IMPACT INSTITUTE

Form 990 for tax year 2023

Filed by APPAREL IMPACT INSTITUTE.

Totals

Total revenue
$11,528,198
Total expenses
$9,157,605
Contributions and grants received
$8,865,387
Grants paid
$2,112,951
Program service revenue
$2,474,033
Investment income
$177,282
Other revenue
$11,496
Total assets, end of year
$12,325,936
Total liabilities, end of year
$6,830,864
Net assets or fund balances, end of year
$5,495,072
Program services expenses (Part IX)
$7,028,856
Management and general expenses
$1,772,711
Fundraising expenses
$356,038
Program service expenses (Part III)
$7,028,856

Program services were 76.8% 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.

  • 1e · Government grants (contributions)

    $8,865,387

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $2,474,033 · related or exempt $2,474,033

  • 3 · Investment income

    total $177,282 · excluded $177,282

  • 11a · Other revenue: MISCELLANEOUS

    total $11,496 · related or exempt $11,496

  • 11e · Other revenue, total

    $11,496

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,112,951 · program services $2,112,951

  • 5 · Compensation of officers, directors and key employees

    total $309,221 · program services $241,690 · management and general $55,288 · fundraising $12,243

  • 7 · Other salaries and wages

    total $2,602,426 · program services $1,766,028 · management and general $658,044 · fundraising $178,354

  • 9 · Other employee benefits

    total $2,254 · program services $1,762 · management and general $403 · fundraising $89

  • 11g · Fees: other

    total $3,246,881 · program services $2,516,838 · management and general $568,945 · fundraising $161,098

  • 12 · Advertising and promotion

    total $14,331 · program services $1,167 · management and general $13,164

  • 13 · Office expenses

    total $159,830 · program services $61,953 · management and general $97,870 · fundraising $7

  • 16 · Occupancy

    total $11,550 · management and general $11,550

  • 17 · Travel

    total $448,445 · program services $308,535 · management and general $135,663 · fundraising $4,247

  • 19 · Conferences, conventions and meetings

    total $3,307 · management and general $3,307

  • 22 · Depreciation, depletion and amortization

    total $12,836 · management and general $12,836

  • 23 · Insurance

    total $5,990 · management and general $5,990

  • 24a · Other expenses: FOREIGN EXCHANGE LOSS

    total $164,831 · management and general $164,831

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $60,640 · program services $17,848 · management and general $42,792

  • 24c · Other expenses: FINANCE FEES AND LICENS

    total $2,112 · program services $84 · management and general $2,028

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,946,313 · end of year $8,003,351

  • 4 · Accounts receivable

    beginning of year $1,453,415 · end of year $2,527,532

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

    $1,633,326

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

    $59,678

  • 10c · Land, buildings and equipment, net

    beginning of year $15,214 · end of year $1,573,648

  • 14 · Intangible assets

    beginning of year $226,478 · end of year $221,405

  • 17 · Accounts payable and accrued expenses

    beginning of year $444,574 · end of year $2,336,608

  • 19 · Deferred revenue

    beginning of year $3,072,367 · end of year $4,494,256

  • 27 · Net assets without donor restrictions

    beginning of year $113 · end of year $2,370,593

  • 28 · Net assets with donor restrictions

    beginning of year $3,124,366 · end of year $3,124,479

Mission and programs · 2023

Mission

TO IDENTIFY, VALIDATE, FUND AND SCALE IMPACT SOLUTIONS TO DRIVE MEASURABLE CHANGE IN THE APPAREL AND FOOTWEAR INDUSTRY. AII PROGRAMS FOCUS ON AREAS THAT RESULT IN POSITIVE ENVIRONMENTAL IMPACT FROM THE PRODUCTION OF APPAREL AND FOOTWEAR PRODUCTS TO IMPROVE THE INDUSTRY.

Activities or mission (Part I)

TO MINIMIZE THE NEGATIVE ENVIRONMENTAL IMPACT ASSOCIATED WITH THE APPAREL INDUSTRY.

  • THE ORGANIZATION WILL DRIVE TRANSFORMATIVE IMPROVEMENTS IN THE FASHION INDUSTRY THROUGH INNOVATIVE FUNDING MECHANISMS AND DEEP PARTNERSHIPS WITH INDUSTRY AND OTHER PROFESSIONAL SERVICES. THIS COLLABORATION WILL SELECT, FUND, AND SCALE HIGH-IMPACT PROJECTS THAT DRAMATICALLY AND MEASURABLY IMPROVE SUSTAINABILITY OUTCOMES OF THE APPAREL AND FOOTWEAR INDUSTRY. THE ORGANIZATION IDENTIFIES PROJECTS WITHIN THE APPAREL AND FOOTWEAR INDUSTRY THAT, WITH APPROPRIATE INVESTMENT AND RESOURCES, HAVE THE POTENTIAL TO SCALE TO MEET THE CRITICAL ENVIRONMENTAL AND SOCIAL OUTCOMES BRANDS AND CONSUMERS ARE BOTH SEEKING.

    Expenses $7,028,856 · Grants $2,112,951 · Revenue $2,474,033

As filed on the 2023 return.

Listed in Part VII

  • Melissa Fifield

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    24

  • Devon Rothwell

    TREASURER

    Total calculated
    $0
    Hours/week
    24

  • Amina Razvi

    SECRETARY

    Total calculated
    $0
    Hours/week
    24

  • Claire Bergkamp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    16

  • Pramit Chanda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    16

  • Amanda Tucker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    16

  • Lewis Perkins

    PRESIDENT

    Total calculated
    $325,913
    From this org
    $309,220
    From related orgs
    $0
    Other
    $16,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,516
    Bonus
    $33,704
    Other
    $0
    Deferred
    $10,240
    Nontaxable benefits
    $6,453
    Filer's total
    $325,913

  • Richard Gaines

    CFO

    Total calculated
    $0
    Hours/week
    40

  • Kay E Bloomberg

    CHIEF OF STAFF

    Total calculated
    $218,334
    From this org
    $209,691
    From related orgs
    $0
    Other
    $8,643
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,866
    Bonus
    $10,825
    Other
    $0
    Deferred
    $7,555
    Nontaxable benefits
    $1,088
    Filer's total
    $218,334

  • Kurt R Kipka

    CHIEF IMPACT OFFICER

    Total calculated
    $265,898
    From this org
    $245,350
    From related orgs
    $0
    Other
    $20,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,000
    Bonus
    $25,350
    Other
    $0
    Deferred
    $7,773
    Nontaxable benefits
    $12,775
    Filer's total
    $265,898

  • Daniel Santos

    POSITION?

    Total calculated
    $162,894
    From this org
    $157,010
    From related orgs
    $0
    Other
    $5,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,356
    Bonus
    $5,654
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,884
    Filer's total
    $162,894

  • Bryant Lapres

    SENIOR DIRECTOR OF INDUSTRY ENGAGEMENT

    Total calculated
    $159,432
    From this org
    $148,189
    From related orgs
    $0
    Other
    $11,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,434
    Bonus
    $7,755
    Other
    $0
    Deferred
    $5,359
    Nontaxable benefits
    $5,884
    Filer's total
    $159,432

  • Michelle Willis

    DIRECTOR OF HR

    Total calculated
    $128,740
    From this org
    $111,426
    From related orgs
    $0
    Other
    $17,314
    Hours/week
    40

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

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

  • PRECISION DEVELOPMENT

    $499,005

    ADDRESS THE INEFFICIENT USE OF NITROGEN FERTILIZER IN COTTON CULTIVATION, WHICH IS AM INA DRIVER OF GHG EMISSIONS FROM COTTONG EXTRACTION.

  • GLOBAL EFFICIENCY INTELIGENCE

    $250,000

    ALTERNATIVE ENERGY SOURCES, BEST PRACTICE POILICIES, MATRIX OF TECHNOLOGY READINESS, LOW-CARBON ENERGY SOURCE/TECHNOLOGY EVALUATION TABLE

Provenance

Return type
form_990
Tax year
2023
Filed
10 June 2024
IRS schema version
2023v5.0
Source object
202411779349300516

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