Totals
- Total revenue
- $1,163,908
- Total expenses
- $1,525,190
- Contributions and grants received
- $1,088,033
- Grants paid
- $0
- Program service revenue
- $74,654
- Investment income
- $714
- Other revenue
- $507
- Total assets, end of year
- $898,278
- Total liabilities, end of year
- $19,423
- Net assets or fund balances, end of year
- $878,855
- Program services expenses (Part IX)
- $926,132
- Management and general expenses
- $294,128
- Fundraising expenses
- $304,930
- Program service expenses (Part III)
- $926,132
Program services were 60.7% 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
$1,088,033
-
1g · Noncash contributions included above
$10,520
-
2a · Program service revenue: ANNUAL CONFERENCE
total $74,654 · related or exempt $74,654
-
3 · Investment income
total $80 · excluded $80
-
7a · Gross sales of assets other than inventory
securities $11,154
-
7b · Less cost or other basis and sales expenses
securities $10,520
-
7c · Gain or loss
securities $634
-
7d · Net gain or loss
total $634 · excluded $634
-
11d · All other revenue
total $507 · excluded $507
-
11e · Other revenue, total
$507
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $245,714 · program services $55,286 · management and general $30,715 · fundraising $159,713
-
7 · Other salaries and wages
total $664,109 · program services $517,599 · management and general $113,483 · fundraising $33,027
-
9 · Other employee benefits
total $12,409 · program services $7,818 · management and general $1,985 · fundraising $2,606
-
10 · Payroll taxes
total $81,295 · program services $51,216 · management and general $13,007 · fundraising $17,072
-
11c · Fees: accounting
total $29,350 · management and general $29,350
-
11g · Fees: other
total $247,054 · program services $122,522 · management and general $61,987 · fundraising $62,545
-
13 · Office expenses
total $14,580 · program services $8,930 · management and general $2,673 · fundraising $2,977
-
14 · Information technology
total $64,377 · program services $41,616 · management and general $10,769 · fundraising $11,992
-
17 · Travel
total $35,152 · program services $21,530 · management and general $6,445 · fundraising $7,177
-
19 · Conferences, conventions and meetings
total $76,151 · program services $76,151
-
23 · Insurance
total $4,567 · program services $2,797 · management and general $838 · fundraising $932
-
24e · All other expenses
total $50,432 · program services $20,667 · management and general $22,876 · fundraising $6,889
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $371,220 · end of year $366,204
-
2 · Savings and temporary cash investments
end of year $10,520
-
3 · Pledges and grants receivable
beginning of year $807,164 · end of year $490,885
-
4 · Accounts receivable
beginning of year $3,750 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $40,222 · end of year $13,070
-
15 · Other assets
beginning of year $79,786 · end of year $17,599
-
17 · Accounts payable and accrued expenses
beginning of year $58,319 · end of year $19,423
-
27 · Net assets without donor restrictions
beginning of year $493,571 · end of year $580,061
-
28 · Net assets with donor restrictions
beginning of year $750,252 · end of year $298,794
Mission and programs · 2023
Mission
TO ACCELERATE THE AVAILABILITY OF HIGH-QUALITY, HIGH-PERFORMANCE, ANIMAL-FREE, AND ENVIRONMENTALLY PREFERRED MATERIALS.
Activities or mission (Part I)
THE MATERIAL INNOVATION INITIATIVE ACCELERATES THE DEVELOPMENT OF NEXT-GEN MATERIALS FOR THE FASHION, AUTOMOTIVE, AND HOME GOODS INDUSTRIES. WE WORK TO REPLACE ANIMAL-DERIVED MATERIALS WITH PLANT-BASED AND LAB-GROWN INNOVATIONS, AND TO SHRINK THE ENVIRONMENTAL FOOTPRINT OF EXISTING FIBERS, SUCH AS SYNTHETICS AND CELLULOSE. WE RESEARCH ACROSS INDUSTRIES TO IDENTIFY UNTAPPED SOURCES, ESPECIALLY IN BIOLOGICAL MATERIALS. WE PUBLISH INDUSTRY WHITE PAPERS, TECHNOLOGY OVERVIEWS, AND READINESS ASSESSMENTS TO IDENTIFY KEY AREAS FOR ADDITIONAL RESEARCH. WE COLLABORATE WITH MATERIAL MANUFACTURERS AND BIOTECH COMPANIES TO PROVIDE INFORMATION ON IMPACT THROUGH INNOVATION.
-
MATERIAL INNOVATION INSTITUTE (MII) WORKS TO IDENTIFY AND ASSIST COMPANIES AND TECHNOLOGIES IN BUILDING AND IMPROVING MATERIALS THAT CAN REPLACE ANIMAL-DERIVED MATERIALS (E.G., LEATHER, REPTILE SKIN, ETC.) IN THE FASHION, AUTOMOTIVE, AND HOME GOODS INDUSTRIES. MII ALSO WORKS TO IDENTIFY POTENTIAL RELATIONSHIPS BETWEEN INVESTORS AND COMPANIES AND TECHNOLOGY IN ORDER TO OBTAIN THE FUNDING NECESSARY TO MAKE ANIMAL-ALTERNATIVE MATERIALS MORE ACCESSIBLE AND ENGAGES IN CONTRACTS WITH BRANDS TO ASSIST IN INCREASING THEIR ALTERNATIVE MATERIAL CACHE AND ADDRESSING HOW THE MATERIALS CAN BE USED. MII'S COMMUNICATIONS DEPARTMENT EDUCATES COMPANIES AND INDIVIDUALS IN THE FASHION, HOME GOODS, AND AUTOMOTIVE INDUSTRIES, AS WELL AS EDUCATING THE PUBLIC.
Expenses $926,132 · Revenue $74,654
As filed on the 2023 return.
Listed in Part VII
-
Jacqueline KravetteJACQUELINE KRAVETTE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Linne CaudellLINNE CAUDELL
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Naomi SachsNAOMI SACHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John BartlettJOHN BARTLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth NovogratzELIZABETH NOVOGRATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kirsty StevensonKIRSTY STEVENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Amy RosenfeldAMY ROSENFELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Siddharth HariharanSIDDHARTH HARIHARAN
DIRECTOR (THRU OCT 2023)
- Total calculated
- $0
- Hours/week
- 2
-
Nicole RawlingNICOLE RAWLING
CHIEF EXECUTIVE OFFICER
- Total calculated
- $137,020
- From this org
- $129,370
- From related orgs
- $0
- Other
- $7,650
- Hours/week
- 50
-
Alexis VanderhyeALEXIS VANDERHYE
DIRECTOR OF FOUNDATION RELATIONS
- Total calculated
- $108,693
- From this org
- $101,043
- From related orgs
- $0
- Other
- $7,650
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432559349301478
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