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Nonprofiteer
← ECHOING GREEN INC

Form 990 for tax year 2023

Filed by ECHOING GREEN INC.

Totals

Total revenue
$19,759,875
Total expenses
$21,996,202
Contributions and grants received
$17,770,880
Grants paid
$9,335,845
Program service revenue
$0
Investment income
$1,986,558
Other revenue
$2,437
Total assets, end of year
$74,391,016
Total liabilities, end of year
$8,576,609
Net assets or fund balances, end of year
$65,814,407
Program services expenses (Part IX)
$17,585,325
Management and general expenses
$1,996,612
Fundraising expenses
$2,414,265
Program service expenses (Part III)
$17,585,325

Program services were 79.9% 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

    $17,770,880

  • 3 · Investment income

    total $1,955,976 · excluded $1,955,976

  • 7a · Gross sales of assets other than inventory

    securities $21,300,853

  • 7b · Less cost or other basis and sales expenses

    securities $21,270,271

  • 7c · Gain or loss

    securities $30,582

  • 7d · Net gain or loss

    total $30,582 · excluded $30,582

  • 11a · Other revenue: OTHER INCOME

    total $2,437 · excluded $2,437

  • 11e · Other revenue, total

    $2,437

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,470,345 · program services $5,470,345

  • 2 · Grants to domestic individuals

    total $25,500 · program services $25,500

  • 3 · Grants to foreign organizations and individuals

    total $3,840,000 · program services $3,840,000

  • 5 · Compensation of officers, directors and key employees

    total $777,023 · program services $495,058 · management and general $204,264 · fundraising $77,701

  • 7 · Other salaries and wages

    total $4,048,518 · program services $2,718,911 · management and general $609,643 · fundraising $719,964

  • 8 · Pension plan contributions

    total $143,621 · program services $79,980 · management and general $25,490 · fundraising $38,151

  • 9 · Other employee benefits

    total $192,052 · program services $110,654 · management and general $29,073 · fundraising $52,325

  • 10 · Payroll taxes

    total $867,206 · program services $501,660 · management and general $151,248 · fundraising $214,298

  • 11a · Fees: management

    total $3,565,779 · program services $2,823,222 · management and general $432,063 · fundraising $310,494

  • 11b · Fees: legal

    total $134,229 · program services $62,247 · management and general $67,402 · fundraising $4,580

  • 11c · Fees: accounting

    total $41,543 · management and general $41,543

  • 11e · Fees: professional fundraising services

    total $733,095 · fundraising $733,095

  • 11f · Fees: investment management

    total $57,124 · management and general $57,124

  • 13 · Office expenses

    total $22,662 · program services $16,130 · management and general $3,110 · fundraising $3,422

  • 14 · Information technology

    total $584,532 · program services $397,978 · management and general $85,932 · fundraising $100,622

  • 16 · Occupancy

    total $622,220 · program services $416,904 · management and general $93,319 · fundraising $111,997

  • 17 · Travel

    total $270,698 · program services $224,605 · management and general $28,925 · fundraising $17,168

  • 22 · Depreciation, depletion and amortization

    total $19,546 · program services $13,096 · management and general $2,932 · fundraising $3,518

  • 24a · Other expenses: EVENT FEES & CATERING

    total $321,454 · program services $298,708 · management and general $18,719 · fundraising $4,027

  • 24b · Other expenses: OTHER EXPENSES

    total $259,055 · program services $90,327 · management and general $145,825 · fundraising $22,903

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,474,110 · end of year $12,636,282

  • 2 · Savings and temporary cash investments

    beginning of year $13,593,823 · end of year $12,771,372

  • 3 · Pledges and grants receivable

    beginning of year $21,406,101 · end of year $13,981,478

  • 7 · Other notes and loans receivable

    end of year $412,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $296,734 · end of year $1,004,337

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

    $1,135,465

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

    $1,123,538

  • 10c · Land, buildings and equipment, net

    beginning of year $31,473 · end of year $11,927

  • 11 · Investments: publicly traded securities

    beginning of year $26,220,275 · end of year $30,533,675

  • 12 · Investments: other securities

    end of year $250,000

  • 15 · Other assets

    beginning of year $569,282 · end of year $2,788,987

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,098,869 · end of year $885,404

  • 18 · Grants payable

    beginning of year $3,945,458 · end of year $4,987,393

  • 25 · Other liabilities

    beginning of year $536,884 · end of year $2,703,812

  • 27 · Net assets without donor restrictions

    beginning of year $40,052,338 · end of year $40,630,812

  • 28 · Net assets with donor restrictions

    beginning of year $27,958,249 · end of year $25,183,595

Mission and programs · 2023

Mission

ECHOING GREEN DISCOVERS EMERGING LEADERS AND INVESTS DEEPLY IN THE GROWTH OF THEIR IDEAS. FOR OVER 35 YEARS, WE'VE BUILT A BROAD, DYNAMIC ECOSYSTEM TO SUPPORT THESE LEADERS AS THEY SOLVE THE WORLD'S BIGGEST PROBLEMS.

Activities or mission (Part I)

ECHOING GREEN DISCOVERS EMERGING LEADERS AND INVESTS DEEPLY IN THE GROWTH OF THEIR IDEAS.

  • FELLOWSHIP AND ALUMNI PROGRAM: THE FELLOWSHIP PROGRAM BEGINS WITH A STRATEGIC AND THOUGHTFUL GLOBAL SEARCH FOR EMERGING LEADERS WHO ARE FROM THE COMMUNITIES THEY SERVE. THROUGH THIS SEARCH PROCESS, ECHOING GREEN IDENTIFIES TRANSFORMATIONAL LEADERS WHO ARE OFTEN OVERLOOKED BY TRADITIONAL FUNDING SOURCES.FELLOWS ARE PROVIDED WITH LEADERSHIP DEVELOPMENT TRAINING, WELLBEING AND WELLNESS SUPPORT, AND JOIN A THRIVING INNOVATION ECOSYSTEM THAT INCLUDES MORE THAN 1000+ BEST-IN CLASS ECHOING GREEN'S FELLOWS, LEADERSHIP, STAFF, INVESTORS, AND EXTERNAL PARTNERS TO ENSURE THAT THEIR ENDEAVORS ARE SUSTAINABLE WELL BEYOND THE FELLOWSHIP PROGRAM. IN SUPPORTING ALUMNI, ECHOING GREEN PROVIDES FOLLOW-ON FUNDING GRANTS, NEARLY $5M IN FISCAL YEAR 2024 AS AN ADDITIONAL CAPITAL INVESTMENT.THE SIGNAL FUND IS STRUCTURED TO MAKE CATALYTIC CAPITAL AVAILABLE TO ECHOING GREEN'S INNOVATIVE LEADERS WHO HAVE DEVELOPED THEIR ORGANIZATIONS OVER FIVE TO TEN YEARS. SIGNAL FUND BRIDGES THE CAPITAL ACCESS GAP THROUGH INVESTMENTS THAT ARE PATIENT, SAFER, AND MORE FLEXIBLE THAN TRADITIONAL MODELS.

    Expenses $15,513,641 · Grants $9,310,345

  • THOUGHT LEADERSHIP:ECHOING GREEN BRINGS TOGETHER AND WORKS ALONGSIDE A COHORT OF SECTOR LEADERS TO DEVELOP A SHARED AGENDA AMONG GLOBAL FIELD INTERMEDIARIES AND ACADEMICS, FOSTERING RECOGNITION, TRUST, AND INVESTMENT FROM GLOBAL INFLUENCERS TO DRIVE MEANINGFUL IMPACT AT SCALE.

    Expenses $1,489,804

  • CORPORATE ENGAGEMENT:ECHOING GREEN HAS A LONG AND SUCCESSFUL TRACK RECORD OF DEVELOPING IMPACTFUL ENGAGEMENT OFFERINGS FOR BUSINESS LEADERS. WE OCCUPY A SINGULAR SPACE AT THE INTERSECTION OF GLOBAL BUSINESS, INNOVATION, AND IMPACT THAT POSITIONS US TO OFFER ON-OF-A-KIND PROGRAMMING THAT BENEFITS CORPORATIONS, CORPORATE EMPLOYEES, ECHOING GREEN FELLOWS AND STAFF, AND THE BROADER SECTOR.OUR TAILORED OPPORTUNITIES INCLUDE: VIRTUAL LEADER LENS HOSTED BY ECHOING GREEN STAFF AND FELLOWS TO SHARE INSIGHTS AND PERSPECTIVES FROM FELLOWS' WORK ACROSS THE GLOBE; INVOLVING EMPLOYEES IN ECHOING GREEN'S NEW FELLOW APPLICATION REVIEW AND FINALIST SELECTION PROCESS; AND WORKSHOPS FOR EMPLOYEES LED BY ECHOING GREEN'S LEADERSHIP FOCUSED ON NONPROFIT GOVERNANCE AND SERVING ON A NONPROFIT BOARD.

    Expenses $253,493

  • ONRAMPS

    Expenses $328,387 · Grants $25,500

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

Listed in Part VII

  • Marie Kelly

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Carter McClelland

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Dorsey

    PRESIDENT

    Total calculated
    $416,084
    From this org
    $387,461
    From related orgs
    $0
    Other
    $28,623
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,461
    Bonus
    $0
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $12,123
    Filer's total
    $416,084
  • Noah Walley

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Peggy Segal

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Maya Ajmera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mary Armstrong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Esther T Benjamin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Robert China

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Janiece Evans-Page

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Hodgson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rafiq Kalam Id-Din

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Andrew Kassoy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • William M Lewis Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Joshua Mailman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hugh Molotsi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Raj Panjabi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Shivani Siroya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Daniel Weiss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Larry Wieseneck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Melinda Wolfe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Laura Weidman Powers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sharyanne McSwain

    CHIEF OPERATING OFFICER

    Total calculated
    $309,884
    From this org
    $282,317
    From related orgs
    $0
    Other
    $27,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,317
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,567
    Filer's total
    $309,884
  • Kimberly Osagie

    VICE PRESIDENT, PROGRAMS

    Total calculated
    $258,323
    From this org
    $228,978
    From related orgs
    $0
    Other
    $29,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,978
    Bonus
    $0
    Other
    $0
    Deferred
    $16,142
    Nontaxable benefits
    $13,203
    Filer's total
    $258,323
  • Elizabeth Mueller

    VICE PRESIDENT, THOUGHT LEADERSHIP

    Total calculated
    $227,762
    From this org
    $206,413
    From related orgs
    $0
    Other
    $21,349
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,413
    Bonus
    $0
    Other
    $0
    Deferred
    $14,860
    Nontaxable benefits
    $6,489
    Filer's total
    $227,762
  • Joanna Helou

    CHIEF OF STAFF

    Total calculated
    $213,300
    From this org
    $185,425
    From related orgs
    $0
    Other
    $27,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,425
    Bonus
    $25,000
    Other
    $0
    Deferred
    $3,240
    Nontaxable benefits
    $24,635
    Filer's total
    $213,300
  • Kathleen Duff

    VICE PRESIDENT, DEVELOPMENT

    Total calculated
    $194,087
    From this org
    $183,767
    From related orgs
    $0
    Other
    $10,320
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,767
    Bonus
    $15,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,320
    Filer's total
    $194,087
  • Stacy Dm Lewis

    SENIOR DIRECTOR, HR & OPERATIONS

    Total calculated
    $202,780
    From this org
    $173,551
    From related orgs
    $0
    Other
    $29,229
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,551
    Bonus
    $15,000
    Other
    $0
    Deferred
    $12,509
    Nontaxable benefits
    $16,720
    Filer's total
    $202,780

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 · Form 990 of other organizations
  • 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

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
2023
Filed
28 March 2025
IRS schema version
2023v6.0
Source object
202540919349301314

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