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Nonprofiteer
← THIRD ACT INITIATIVE INC

Form 990 for tax year 2024

Filed by THIRD ACT INITIATIVE INC.

Totals

Total revenue
$1,559,555
Total expenses
$1,530,849
Contributions and grants received
$1,559,555
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$282,291
Total liabilities, end of year
$22,030
Net assets or fund balances, end of year
$260,261
Program services expenses (Part IX)
$1,086,302
Management and general expenses
$385,975
Fundraising expenses
$58,572
Program service expenses (Part III)
$1,086,302

Program services were 71.0% 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.

  • 1d · Related organizations

    $595,000

  • 1f · All other contributions, gifts and grants

    $964,555

  • 1g · Noncash contributions included above

    $24,682

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,309 · program services $111,994 · management and general $42,200 · fundraising $8,115

  • 7 · Other salaries and wages

    total $497,192 · program services $343,063 · management and general $129,270 · fundraising $24,859

  • 8 · Pension plan contributions

    total $1,943 · program services $1,341 · management and general $505 · fundraising $97

  • 9 · Other employee benefits

    total $113,246 · program services $78,139 · management and general $29,444 · fundraising $5,663

  • 10 · Payroll taxes

    total $55,922 · program services $38,586 · management and general $14,540 · fundraising $2,796

  • 11a · Fees: management

    total $104,931 · program services $68,938 · management and general $35,993

  • 11b · Fees: legal

    total $17,438 · management and general $17,438

  • 11c · Fees: accounting

    total $53,240 · program services $3,500 · management and general $49,740

  • 11g · Fees: other

    total $200,995 · program services $197,032 · management and general $3,963

  • 12 · Advertising and promotion

    total $7,707 · program services $3,882 · fundraising $3,825

  • 13 · Office expenses

    total $28,323 · program services $9,156 · management and general $7,624 · fundraising $11,543

  • 14 · Information technology

    total $157,699 · program services $104,438 · management and general $51,990 · fundraising $1,271

  • 16 · Occupancy

    total $431 · program services $431

  • 17 · Travel

    total $44,853 · program services $43,160 · management and general $1,538 · fundraising $155

  • 19 · Conferences, conventions and meetings

    total $84,620 · program services $82,642 · management and general $1,730 · fundraising $248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,964 · end of year $165,564

  • 4 · Accounts receivable

    end of year $67,587

  • 9 · Prepaid expenses and deferred charges

    end of year $1,135

  • 15 · Other assets

    beginning of year $0 · end of year $48,005

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,166 · end of year $16,576

  • 25 · Other liabilities

    beginning of year $0 · end of year $5,454

  • 27 · Net assets without donor restrictions

    beginning of year $254,798 · end of year $260,261

Mission and programs · 2024

Mission

TO BUILD A COMMUNITY OF AMERICANS OVER THE AGE OF SIXTY DETERMINED TO CHANGE THE WORLD FOR THE BETTER.

  • IN 2024, THIRD ACT MOBILIZED TO INFLUENCE LEGISLATION, BACK CLIMATE AND DEMOCRACY CHAMPIONS, AND WIN KEY RACES. OUR VOLUNTEERS SENT OVER 500,000 HANDWRITTEN POSTCARDS AND LETTERS TO VOTERS AND ELECTED OFFICIALS. WE ORGANIZED A NATIONAL ACTION INSPIRING 600 LETTERS URGING THE SENATE ENVIRONMENT & PUBLIC WORKS COMMITTEE TO ENSURE CLEAN ENERGY CHAMPIONS FILLED UPCOMING VACANCIES ON THE TENNESSEE VALLEY AUTHORITY BOARD. LATE IN THE YEAR, OUR NORTHEAST WORKING GROUPS RAMPED UP EFFORTS URGING NY GOV. HOCHUL TO SIGN THE CLIMATE SUPERFUND BILL BEFORE YEAR'S END. THEY SUCCEEDED IN HELPING PUSH THIS LANDMARK LEGISLATION OVER THE FINISH LINE, WHICH WILL RAISE $75 BILLION FROM OIL GIANTS OVER 25 YEARS TO FUND CLIMATE IMPACT MITIGATION.

    Expenses $1,086,302

As filed on the 2024 return.

Listed in Part VII

  • Akaya Windwood

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Solnit

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bill McKibben

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Vanessa Arcara

    PRESIDENT

    Total calculated
    $162,119
    From this org
    $162,119
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $162,119
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,119

  • Kafia Ahmed

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $162,500
    From this org
    $162,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $162,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $162,500

  • Simone Salvo

    CREATIVE DIRECTOR

    Total calculated
    $107,447
    From this org
    $107,447
    From related orgs
    $0
    Other
    $0
    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. 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

None.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202513219349302851

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