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Nonprofiteer
← NEW YORK CLIMATE EXCHANGE INC

Form 990 for tax year 2023

Filed by NEW YORK CLIMATE EXCHANGE INC.

Totals

Total revenue
$110,664,793
Total expenses
$8,841,961
Contributions and grants received
$110,664,793
Grants paid
$60,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$106,571,088
Total liabilities, end of year
$4,748,256
Net assets or fund balances, end of year
$101,822,832
Program services expenses (Part IX)
$2,179,486
Management and general expenses
$5,493,172
Fundraising expenses
$1,169,303
Program service expenses (Part III)
$2,179,486

Program services were 24.6% 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

    $110,664,793

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,000 · program services $60,000

  • 5 · Compensation of officers, directors and key employees

    total $248,769 · program services $124,383 · management and general $62,193 · fundraising $62,193

  • 7 · Other salaries and wages

    total $537,004 · program services $427 · management and general $530,077 · fundraising $6,500

  • 8 · Pension plan contributions

    total $33,215 · program services $379 · management and general $31,910 · fundraising $926

  • 9 · Other employee benefits

    total $23,084 · program services $3,232 · management and general $18,006 · fundraising $1,846

  • 10 · Payroll taxes

    total $61,849 · program services $8,659 · management and general $48,242 · fundraising $4,948

  • 11a · Fees: management

    total $4,596,753 · program services $1,838,701 · management and general $2,758,052

  • 11b · Fees: legal

    total $344,832 · management and general $344,832

  • 11c · Fees: accounting

    total $59,505 · management and general $59,505

  • 11e · Fees: professional fundraising services

    total $576,718 · fundraising $576,718

  • 11g · Fees: other

    total $830,240 · program services $123,892 · management and general $259,441 · fundraising $446,907

  • 12 · Advertising and promotion

    total $8,550 · management and general $8,550

  • 13 · Office expenses

    total $1,875 · management and general $1,875

  • 14 · Information technology

    total $114,747 · management and general $114,747

  • 17 · Travel

    total $55,884 · program services $15,019 · management and general $15,474 · fundraising $25,391

  • 19 · Conferences, conventions and meetings

    total $43,874 · fundraising $43,874

  • 23 · Insurance

    total $38,459 · management and general $38,459

  • 24a · Other expenses: FISCAL SPONSOR ADMIN FE

    total $1,200,000 · management and general $1,200,000

  • 24b · Other expenses: PUBLIC AWARENESS & EDUC

    total $4,794 · program services $4,794

  • 24c · Other expenses: MISCELLANEOUS

    total $1,809 · management and general $1,809

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $446,103

  • 3 · Pledges and grants receivable

    end of year $87,194,793

  • 9 · Prepaid expenses and deferred charges

    end of year $33,833

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

    $18,896,359

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $18,896,359

  • 17 · Accounts payable and accrued expenses

    end of year $4,748,256

  • 27 · Net assets without donor restrictions

    end of year $23,158,039

  • 28 · Net assets with donor restrictions

    end of year $78,664,793

Mission and programs · 2023

Mission

OUR MISSION IS TO CONFRONT URGENT CLIMATE IMPACTS AND ISSUES OF ENVIRONMENTAL JUSTICE, BREAKING DOWN SILOS THROUGH AN INNOVATIVE, SCALABLE, AND SUSTAINABLE MODEL THAT WILL RAPIDLY DEVELOP NEW URBAN CLIMATE SOLUTIONS.

Activities or mission (Part I)

OUR MISSION IS TO ADDRESS CLIMATE AND JUSTICE CHALLENGES THROUGH SCALABLE URBAN SOLUTIONS.

  • THE EXCHANGE ENGAGED EXTERNAL CONSULTANTS FOR COMPREHENSIVE PROGRAMMATIC ADVISORY SUPPORT AND DEVELOPMENT. BY LEVERAGING THEIR EXPERTISE IN STRATEGIC PLANNING, INNOVATION, AND STAKEHOLDER COLLABORATION, THESE CONSULTANTS HELPED IDEATE INITIAL PROGRAMMING THAT ALIGNED WITH THE EXCHANGE'S MISSION.

    Expenses $2,101,557

  • THE EXCHANGE INITIATED A GRANT PILOT PROGRAM WITH SUBAWARDS DISTRIBUTED TO PARTNER ORGANIZATIONS.

    Expenses $60,000 · Grants $60,000

  • THE EXCHANGE HOSTED AN INTRODUCTION TO THE EXCHANGE PANEL ON MONDAY, SEPTEMBER 18, 2023, AND AN INNOVATION PANEL ON WEDNESDAY, SEPTEMBER 20, 2023.

    Expenses $15,313

  • CLIMATE IDEAS LAB SESSIONS INCLUDED TOPICS ON AI FOR CLIMATE, SECONDARY MARKETS FOR EV BATTERIES, WORKFORCE DEVELOPMENT, AND COASTAL RESILIENCE & STORMWATER MANAGEMENT.

    Expenses $2,616

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MAURIE MCINNIS

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • CHAOUKI ABDALLAH

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JED SHIVERS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • FRANCES BRONET

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM BOULDING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ERROL COCKFIELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GIOVANNI FASSIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JUSTIN FINCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ADAM FREED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JUDITH GREIMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARVIN KRISLOV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JUSTINA NIXON-SAINTIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAMARIS REYES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EUAN W ROBERTSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT STEEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MAYA TOLSTOY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHEN HAMMER

    EXECUTIVE DIRECTOR & CEO

    Total calculated
    $39,315
    From this org
    $18,615
    From related orgs
    $0
    Other
    $20,700
    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349300145

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