← EMERGENT FOREST FINANCE ACCELERATOR INC

Form 990 for tax year 2022

Filed by EMERGENT FOREST FINANCE ACCELERATOR INC.

Totals

Total revenue: $9,701,957
Total expenses: $5,837,802
Contributions and grants received: $9,701,285
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $672
Total assets, end of year: $5,257,783
Total liabilities, end of year: $235,499
Net assets or fund balances, end of year: $5,022,284
Program services expenses (Part IX): $4,641,564
Management and general expenses: $1,129,919
Fundraising expenses: $66,319
Program service expenses (Part III): $4,641,564

Program services were 79.5% 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)

$6,124,990
1f · All other contributions, gifts and grants

$3,576,295
3 · Investment income

total $0
4 · Income from investment of tax-exempt bond proceeds

total $0
5 · Royalties

total $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0
7d · Net gain or loss

total $0
8a · Fundraising events: gross income

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0
11a · Other revenue: OTHER INCOME

total $672 · excluded $672
11e · Other revenue, total

$672

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $0
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $294,870 · program services $225,808 · management and general $69,062
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $2,696,818 · program services $2,065,195 · management and general $631,623
8 · Pension plan contributions

total $141,853 · program services $108,630 · management and general $33,223
9 · Other employee benefits

total $124,074 · program services $95,014 · management and general $29,060
10 · Payroll taxes

total $516,883 · program services $395,824 · management and general $121,059
11a · Fees: management

total $95,645 · program services $73,244 · management and general $22,401
11b · Fees: legal

total $298,417 · program services $247,592 · management and general $50,825
11c · Fees: accounting

total $36,000 · management and general $36,000
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $66,319 · fundraising $66,319
11f · Fees: investment management

total $0
11g · Fees: other

total $391,663 · program services $389,046 · management and general $2,617
12 · Advertising and promotion

total $277,147 · program services $277,147
13 · Office expenses

total $16,359 · management and general $16,359
14 · Information technology

total $29,851 · program services $22,860 · management and general $6,991
15 · Royalties

total $0
16 · Occupancy

total $48,600 · program services $37,217 · management and general $11,383
17 · Travel

total $270,843 · program services $268,852 · management and general $1,991
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $40,497 · program services $40,497
20 · Interest

total $0
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $0
23 · Insurance

total $6,336 · program services $4,852 · management and general $1,484
24a · Other expenses: RECRUITMENT

total $315,978 · program services $306,146 · management and general $9,832
24b · Other expenses: SUBSCRIPTIONS

total $90,148 · program services $61,910 · management and general $28,238
24c · Other expenses: NON-CAPITAL EQUIPMENT

total $28,376 · program services $21,730 · management and general $6,646
24d · Other expenses: OTHER EXPENSES

total $51,125 · management and general $51,125

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,405,659 · end of year $1,649,860
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $405,259 · end of year $3,470,949
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $21,250 · end of year $27,925
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $0 · end of year $0
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $27,726 · end of year $109,049
17 · Accounts payable and accrued expenses

beginning of year $366,347 · end of year $171,318
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $64,181
27 · Net assets without donor restrictions

beginning of year $1,493,547 · end of year $1,804,439
28 · Net assets with donor restrictions

beginning of year $0 · end of year $3,217,845

Mission and programs · 2022

Mission

TO FOSTER AND PROMOTE FOREST PROTECTION, FOREST RESTORATION, CLIMATE CHANGE MITIGATION, AND SUSTAINABLE DEVELOPMENT.

TO FOSTER AND PROMOTE FOREST PROTECTION, FOREST RESTORATION, CLIMATE CHANGE MITIGATION, AND SUSTAINABLE DEVELOPMENT. THIS IS DONE THROUGH ACCELERATING DEMAND FOR AND PROMOTING SUPPLY OF HIGH-QUALITY, JURISDICTIONAL-SCALE EMISSIONS REDUCTIONS FROM REDUCING DEFORESTATION AND FOREST DEGRADATION AND THE ENHANCEMENT OF FOREST CARTON STOCKS IN DEVELOPING COUNTRIES, IN ORDER TO HELP PROTECT THE EARTH'S FORESTS, AS WELL AS THE CARBON STOCKS, BIODIVERSITY, AND ECOSYSTEM SERVICES THEY SUSTAIN, WHILE SAFEGUARDING THE RIGHTS OF THE INDIGENOUS PEOPLES AND LOCAL COMMUNITIES.

Expenses $4,641,564

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

Listed in Part VII

Eron BloomgardenERON BLOOMGARDEN

CHIEF EXECUTIVE OFFICER

Total calculated

$294,870

From this org

$287,370

From related orgs

$0

Other

$7,500

Hours/week

40

Schedule J breakdown matched by us

Base

$287,370

Bonus

$0

Other

$0

Deferred

$7,500

Nontaxable benefits

$0

Filer's total

$294,870
Allan TraicoffALLAN TRAICOFF

CHIEF COMMERCIAL OFFICER

Total calculated

$292,446

From this org

$281,600

From related orgs

$0

Other

$10,846

Hours/week

40

Schedule J breakdown matched by us

Base

$270,980

Bonus

$0

Other

$10,620

Deferred

$10,846

Nontaxable benefits

$0

Filer's total

$292,446
Rocio Sanz CortesROCIO SANZ CORTES

MANAGING DIRECTOR, SUPPLY

Total calculated

$241,316

From this org

$234,287

From related orgs

$0

Other

$7,029

Hours/week

40

Schedule J breakdown matched by us

Base

$223,667

Bonus

$0

Other

$10,620

Deferred

$7,029

Nontaxable benefits

$0

Filer's total

$241,316
Jonathan ShepardJONATHAN SHEPARD

CHIEF OPERATING OFFICER

Total calculated

$204,950

From this org

$204,950

From related orgs

$0

Other

$0

Hours/week

40

Schedule J breakdown matched by us

Base

$204,950

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$204,950
Nicholas CacciolaNICHOLAS CACCIOLA

CHIEF FIN. & OPR. OFFICER

Total calculated

$168,338

From this org

$158,809

From related orgs

$0

Other

$9,529

Hours/week

40

Schedule J breakdown matched by us

Base

$151,729

Bonus

$0

Other

$7,080

Deferred

$9,529

Nontaxable benefits

$0

Filer's total

$168,338
Dion WardDION WARD

DIR. FUND MGMT & REPORTING

Total calculated

$159,608

From this org

$150,533

From related orgs

$0

Other

$9,075

Hours/week

40

Schedule J breakdown matched by us

Base

$139,913

Bonus

$0

Other

$10,620

Deferred

$9,075

Nontaxable benefits

$0

Filer's total

$159,608
Lorenzo BernasconiLORENZO BERNASCONI

CHAIRPERSON

Total calculated

$0

Hours/week

5
Peter KnightPETER KNIGHT

SECRETARY

Total calculated

$0

Hours/week

1
Mahua AcharyaMAHUA ACHARYA

TREASURER

Total calculated

$0

Hours/week

1
Naoko IshiiNAOKO ISHII

DIRECTOR (EFF. 9/2022)

Total calculated

$0

Hours/week

1
Richard KauffmanRICHARD KAUFFMAN

DIRECTOR

Total calculated

$0

Hours/week

1
Nat KeohaneNAT KEOHANE

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 · Compensation committee
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

The filer's explanations (Part III)

PART II, COLUMN B(II): In 2022, Emergent did not offer health benefits to its employees and paid a monthly stipend. This stipend was cancelled in 2023, when Emergent started providing healthcare benefits to its employees.

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

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202313199349331711

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