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Nonprofiteer
← ACCOUNTABILITY BOARD INC

Form 990 for tax year 2022

Filed by ACCOUNTABILITY BOARD INC.

Totals

Total revenue
$5,850,030
Total expenses
$160,563
Contributions and grants received
$5,832,750
Grants paid
$0
Program service revenue
$0
Investment income
$17,280
Other revenue
$0
Total assets, end of year
$5,589,417
Total liabilities, end of year
$62,512
Net assets or fund balances, end of year
$5,526,905
Program services expenses (Part IX)
$93,451
Management and general expenses
$64,626
Fundraising expenses
$2,486
Program service expenses (Part III)
$93,451

Program services were 58.2% 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

    $5,832,750

  • 3 · Investment income

    total $17,280 · excluded $17,280

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $96,460 · program services $66,619 · management and general $27,355 · fundraising $2,486

  • 11b · Fees: legal

    total $16,755 · management and general $16,755

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11f · Fees: investment management

    total $7,973 · management and general $7,973

  • 13 · Office expenses

    total $5,667 · program services $5,036 · management and general $631

  • 14 · Information technology

    total $16,491 · program services $14,842 · management and general $1,649

  • 17 · Travel

    total $4,583 · program services $4,583

  • 23 · Insurance

    total $2,634 · program services $2,371 · management and general $263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $2,681,955

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $7,905

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $2,866,674

  • 15 · Other assets

    beginning of year $0 · end of year $32,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $62,512

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $5,526,905

Mission and programs · 2022

Mission

THE PRIMARY PURPOSE OF THE CORPORATION IS TO (A) TO ENGAGE WITH COMPANIES TO IMPROVE THEIR STANDARDS, PROGRESS AND DISCLOSURES REGARDING ENVIRONMENTAL, SOCIAL AND GOVERNANCE MATTERS, AND (B) UNDERTAKE SUCH OTHER ACTIVITIES WHICH ITS BOARD OF DIRECTORS MAY FROM TIME TO TIME APPROVE.

  • THE ENTIRETY OF THE EXPENSES FOR 2022 (THE ORGANIZATION WAS ONLY IN OPERATION FOR 4 MONTHS IN 2022) WERE SPENT ON THE PRIMARY MISSION OF ENGAGEMENT WITH COMPANIES RELATING TO THEIR ESG OBLIGATIONS. THERE WERE NO GRANTS OR ALLOCATIONS TO OTHERS OR ANY FOREIGN GRANTS.

    Expenses $93,451

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Matthew Prescott

    PRESIDENT, COO, CHAIR/SECR./TREAS.

    Total calculated
    $0
    Hours/week
    40

  • Joshua Balk

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323139349303232

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