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Nonprofiteer
← PRIME COALITION INC

Form 990 for tax year 2024

Filed by PRIME COALITION INC.

Totals

Total revenue
$12,283,514
Total expenses
$13,797,698
Contributions and grants received
$10,594,611
Grants paid
$1,569,787
Program service revenue
$339,413
Investment income
$907,996
Other revenue
$441,494
Total assets, end of year
$89,941,716
Total liabilities, end of year
$28,525,420
Net assets or fund balances, end of year
$61,416,296
Program services expenses (Part IX)
$12,398,206
Management and general expenses
$953,989
Fundraising expenses
$445,503
Program service expenses (Part III)
$12,398,206

Program services were 89.9% 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.

  • 1f · All other contributions, gifts and grants

    $10,594,611

  • 2a · Program service revenue: PROGRAM SERVICES

    total $339,413 · related or exempt $339,413

  • 3 · Investment income

    total $907,996 · excluded $907,996

  • 11a · Other revenue: MANAGEMENT FEE INCOME

    total $441,494 · related or exempt $441,494

  • 11e · Other revenue, total

    $441,494

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,569,787 · program services $1,569,787

  • 5 · Compensation of officers, directors and key employees

    total $1,338,955 · program services $998,687 · management and general $259,520 · fundraising $80,748

  • 7 · Other salaries and wages

    total $2,009,619 · program services $1,860,840 · management and general $71,875 · fundraising $76,904

  • 8 · Pension plan contributions

    total $102,772 · program services $95,924 · management and general $2,547 · fundraising $4,301

  • 9 · Other employee benefits

    total $146,356 · program services $135,257 · management and general $4,383 · fundraising $6,716

  • 10 · Payroll taxes

    total $243,011 · program services $210,662 · management and general $21,613 · fundraising $10,736

  • 11b · Fees: legal

    total $64,881 · program services $46,265 · management and general $18,616

  • 11c · Fees: accounting

    total $225,439 · program services $130,791 · management and general $90,274 · fundraising $4,374

  • 11e · Fees: professional fundraising services

    total $164,000 · fundraising $164,000

  • 11f · Fees: investment management

    total $273,620 · program services $273,620

  • 11g · Fees: other

    total $1,809,557 · program services $1,439,460 · management and general $310,270 · fundraising $59,827

  • 12 · Advertising and promotion

    total $261,148 · program services $261,148

  • 13 · Office expenses

    total $244,186 · program services $191,179 · management and general $41,757 · fundraising $11,250

  • 16 · Occupancy

    total $109,568 · program services $83,558 · management and general $16,305 · fundraising $9,705

  • 17 · Travel

    total $331,731 · program services $199,151 · management and general $115,975 · fundraising $16,605

  • 19 · Conferences, conventions and meetings

    total $11,549 · program services $11,549

  • 20 · Interest

    total $4,866,327 · program services $4,866,327

  • 23 · Insurance

    total $22,033 · program services $21,192 · management and general $504 · fundraising $337

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $3,159 · program services $2,809 · management and general $350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,258,326 · end of year $32,630,793

  • 3 · Pledges and grants receivable

    beginning of year $771,856 · end of year $4,137,184

  • 13 · Investments: program-related

    beginning of year $59,877,435 · end of year $53,114,341

  • 15 · Other assets

    beginning of year $33,659 · end of year $59,398

  • 17 · Accounts payable and accrued expenses

    beginning of year $134,767 · end of year $146,736

  • 25 · Other liabilities

    beginning of year $36,183,311 · end of year $28,378,684

  • 27 · Net assets without donor restrictions

    beginning of year $33,327,063 · end of year $37,366,019

  • 28 · Net assets with donor restrictions

    beginning of year $25,296,135 · end of year $24,050,277

Mission and programs · 2024

Mission

PRIME COALITION EMPOWERS DONORS TO ADVANCE UNTAPPED CLIMATE SOLUTIONS WITH SPEED AND SCALE THROUGH ITS THREE PROGRAMS: CATALYTIC INVESTING, KNOWLEDGE SHARING, AND TECHNICAL ADVISING.

Activities or mission (Part I)

TURNING BOLD GIVING INTO CLIMATE ACTION.

  • (A) CATALYTIC INVESTING: PRIME SERVES AS A WATERWAY TO DEPLOY CHARITABLE CAPITAL INTO MARKET-DRIVEN CLIMATE SOLUTIONS. OUR CATALYTIC INVESTING PROGRAMS ARE PURPOSE-BUILT TO REDUCE BARRIERS TO CLIMATE IMPACT. SINCE 2014, PRIME HAS CLOSED $67M OF CATALYTIC CAPITAL INTO ITS NONPROFIT FORM, MOBILIZED $312.2M INTO ITS CATALYTIC INVESTMENT OPPORTUNITIES, AND UNLOCKED $1.4B IN EXTERNAL FUNDING FOR PRIME HOLDINGS. (B) KNOWLEDGE SHARING: PRIME CONVENES THE PROJECT FRAME COMMUNITY, WHICH HAS UNITED OVER 900 PARTICIPANTS WITHIN THREE YEARS, REPRESENTING 400 INVESTMENT MANAGEMENT FIRMS AND CLIMATE EXPERTS ON THE SUBJECT OF CLIMATE IMPACT ANALYSIS. ITS GLOBALLY RECOGNIZED PRE-INVESTMENT METHODOLOGY HAS 1,300+ DOWNLOADS. IN ADDITION, PRIME MANAGES THE CRANE TOOL, THE ONLY FREE, OPEN-ACCESS WEB PLATFORM AVAILABLE TO EVALUATE FORWARD-LOOKING CLIMATE IMPACT. CRANE IS USED ACROSS 90+ COUNTRIES BY 6,000+ USERS, WHO HAVE GENERATED 123,000+ REPORTS TO DATE. (C) TECHNICAL ADVISING: PRIME ADVISES PHILANTHROPIST AND INVESTOR CLIENTS ON CLIMATE IMPACT ASSESSMENT.

    Expenses $12,398,206 · Grants $1,569,787 · Revenue $780,907

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

Listed in Part VII

  • Sarah Kearney

    EXECUTIVE DIRECTOR

    Total calculated
    $330,423
    From this org
    $282,082
    From related orgs
    $0
    Other
    $48,341
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $280,382
    Bonus
    $0
    Other
    $1,700
    Deferred
    $17,352
    Nontaxable benefits
    $30,989
    Filer's total
    $330,423

  • Geoff Chapin

    CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Fiona Murray

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Margot Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lubna Elia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brian Gallagher

    DIRECTOR (AS OF 10/25/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff McCarthy

    DIRECTOR (UNTIL 12/31/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Alicia Seiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nicole Systrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Remmelts

    DIRECTOR OF FINANCE AND OPERATIONS

    Total calculated
    $226,574
    From this org
    $192,876
    From related orgs
    $0
    Other
    $33,698
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $191,176
    Bonus
    $0
    Other
    $1,700
    Deferred
    $11,889
    Nontaxable benefits
    $21,809
    Filer's total
    $226,574

  • Lara Pierpoint

    MANAGING DIRECTOR, TRELLIS CLIMATE

    Total calculated
    $325,936
    From this org
    $306,900
    From related orgs
    $0
    Other
    $19,036
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $305,200
    Bonus
    $0
    Other
    $1,700
    Deferred
    $18,414
    Nontaxable benefits
    $622
    Filer's total
    $325,936

  • Keri Browder

    DIRECTOR OF IMPACT ACCOUNTABILITY

    Total calculated
    $246,141
    From this org
    $194,656
    From related orgs
    $0
    Other
    $51,485
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,956
    Bonus
    $0
    Other
    $1,700
    Deferred
    $12,465
    Nontaxable benefits
    $39,020
    Filer's total
    $246,141

  • Anna Goldstein

    DIRECTOR OF IMPACT

    Total calculated
    $210,947
    From this org
    $197,427
    From related orgs
    $0
    Other
    $13,520
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $195,727
    Bonus
    $0
    Other
    $1,700
    Deferred
    $11,875
    Nontaxable benefits
    $1,645
    Filer's total
    $210,947

  • Melissa Harris

    SR. DIR., PRTNRSHPS (UNTIL 07/15/24)

    Total calculated
    $234,835
    From this org
    $220,480
    From related orgs
    $0
    Other
    $14,355
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $100,627
    Bonus
    $0
    Other
    $119,853
    Deferred
    $3,731
    Nontaxable benefits
    $10,624
    Filer's total
    $234,835

  • Emily Lewis O'Brien

    PRINCIPAL, TRELLIS CLIMATE

    Total calculated
    $208,329
    From this org
    $195,950
    From related orgs
    $0
    Other
    $12,379
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $194,250
    Bonus
    $0
    Other
    $1,700
    Deferred
    $11,757
    Nontaxable benefits
    $622
    Filer's total
    $208,329

  • Kimberlee Scott

    PRINCIPAL, TRELLIS CLIMATE

    Total calculated
    $180,354
    From this org
    $169,318
    From related orgs
    $0
    Other
    $11,036
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,618
    Bonus
    $0
    Other
    $1,700
    Deferred
    $10,174
    Nontaxable benefits
    $862
    Filer's total
    $180,354

  • Mahmoud Saleh Demand Flexibil-

    ITY PROJECT MANAGER (AS OF 02/15/24)

    Total calculated
    $158,364
    From this org
    $140,164
    From related orgs
    $0
    Other
    $18,200
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $138,164
    Bonus
    $0
    Other
    $2,000
    Deferred
    $8,556
    Nontaxable benefits
    $9,644
    Filer's total
    $158,364

  • Claudia Leon

    SR. MGR. OF IMPACT (AS OF 01/08/24)

    Total calculated
    $150,411
    From this org
    $133,804
    From related orgs
    $0
    Other
    $16,607
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $131,654
    Bonus
    $0
    Other
    $2,150
    Deferred
    $4,855
    Nontaxable benefits
    $11,752
    Filer's total
    $150,411

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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 4A
MELISSA HARRIS - TOTAL SEVERANCE OF $118,853, $59,426.50 SEVERANCE (REPORTED IN W2) AND $59,426.50 (REPORTED IN 1099).

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PRIME IMPACT LOAN FUND I LLC

    CHARITABLE - PROGRAM RELATED INVESTMENT ACTIVITY · MA · income $0 · assets $45,727,949

    Directly controlled by PRIME COALITION INC

  • PRIME MANAGEMENT COMPANY I LLC

    CHARITABLE - MANAGEMENT ACTIVITY · MA · income $455,082 · assets $402,224

    Directly controlled by PRIME COALITION INC

  • PRIME MANAGEMENT COMPANY II LLC

    CHARITABLE - MANAGEMENT ACTIVITY · MA · income $0 · assets $5

    Directly controlled by PRIME COALITION INC

  • TRELLIS CLIMATE FUND I LLC

    CHARITABLE - PROGRAM RELATED INVESTMENT ACTIVITY · MA · income $0 · assets $1,000,005

    Directly controlled by PRIME COALITION INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PRIME IMPACT EQUITY FUND I LLC

    RELATED · INVESTMENT · MA · 62.45% owned · share of income -$1,038,439 · share of assets $25,832,464 · general or managing partner

    Directly controlled by PRIME IMPACT LOAN FUND I LLC

  • AZOLLA VENTURES CATALYTIC FUND I LP

    RELATED · INVESTMENT · MA · 44.08% owned · share of income $920,330 · share of assets $6,347,510 · general or managing partner

    Directly controlled by AZOLLA VENTURES GP LP

  • AZOLLA VENTURES GP LP

    RELATED · INVESTMENT · MA · 58.08% owned · share of income $1,969 · share of assets $21,307

    Directly controlled by PRIME COALITION INC

Provenance

Return type
form_990
Tax year
2024
Filed
11 October 2025
IRS schema version
2024v5.2
Source object
202512849349300106

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

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