New Ecology Inc is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 12/2021, New Ecology Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Ecology Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New Ecology Inc generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW ECOLOGY, INC. (NEI) IS A NON-PROFIT ORGANIZATION THAT PROMOTES AND CATALYZES SUSTAINABLE ECONOMIC DEVELOPMENT AND BRINGS ITS BENEFITS TO UNDERSERVED POPULATIONS. NEI HELPS COMMUNITY ORGANIZATIONS, ENVIRONMENTAL GROUPS, MUNICIPALITIES AND BUSINESSES IMPLEMENT DEVELOPMENT PROJECTS THAT ARE ECONOMICALLY VIABLE AND SOCIALLY AND ENVIRONMENTALLY RESPONSIBLE. NEI MAINTAINS A FOCUS ON ACTING LOCALLY TO ADDRESS GLOBAL ENVIRONMENTAL ISSUES. NEI WORKS IN MANY AREAS OF COMMUNITY-BASED SUSTAINABLE DEVELOPMENT, BUT DEVOTES MOST OF ITS EFFORTS TO GREEN AFFORDABLE HOUSING. NEI'S FOCUS IS ON THE PRACTICAL AND COST EFFECTIVE: MAKING NEW AND EXISTING BUILDINGS EFFICIENT, DURABLE, RESILIENT AND HEALTHY. NEI'S PROGRAMS ARE FUNDED PRIMARILY BY PROGRAM FEES, CONTRIBUTIONS AND GRANTS. NEI IS BASED IN BOSTON, MA, AND HAS OFFICES IN BALTIMORE, MARYLAND AND WILMINGTON, DELAWARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENING THE CONSTRUCTION OF AFFORDABLE HOUSING NEI ENGAGES AND SUPPORTS COMMUNITY DEVELOPMENT CORPORATIONS (CDC), COMMUNITY-BASED ORGANIZATIONS AND OTHER DEVELOPERS OF AFFORDABLE HOUSING IN ENVIRONMENTALLY SOUND GREEN DEVELOPMENT. UNDER THIS PROGRAM NEI IS SETTING THE STANDARD FOR HEALTHY, DURABLE, RESILIENT, ENERGY AND WATER EFFICIENT AFFORDABLE HOUSING, PROVIDING DIRECT SERVICES AND EDUCATION AND TRAINING TO OWNERS, DEVELOPERS, ARCHITECTS, CONTRACTORS AND FINANCERS OF THIS HOUSING TO IMPLEMENT FEATURES AND CONSTRUCTION PRACTICES THAT DIRECTLY BENEFIT THE LOW INCOME RESIDENTS OF THIS HOUSING, REDUCE OPERATING COSTS, IMPROVE HEALTH OUTCOMES AND MITIGATE RISK IN OPERATIONS. NEI TRAINS RESIDENTS TO UNDERSTAND AND TAKE ADVANTAGE OF THE BENEFITS OF GREEN HOUSING, AND DISSEMINATES THE LESSONS LEARNED TO OTHERS IN THE FIELD. GREENING EXISTING AFFORDABLE HOUSING AND COMMUNITY BUILDINGS NEI WORKS TO ASSIST OWNERS AND OPERATORS IN UNDERSTANDING HOW THEIR AFFORDABLE HOUSING AND COMMUNITY BUILDINGS ARE PERFORMING AND MAKING CHANGES TO REDUCE ENERGY AND WATER USE, IMPROVE HEALTH OUTCOMES FOR RESIDENTS, AND MAKE BUILDINGS MORE DURABLE AND LESS COSTLY TO OPERATE. NEI ORGANIZES AND TRAINS OWNERS AND OPERATORS IN BEST AND EMERGING PRACTICES, PROVIDES DIRECT SERVICES IN ENERGY AUDITING, EFFICIENT DESIGN, AND PROJECT MANAGEMENT, HELPS TO ARRANGE FINANCING FOR PROJECTS AND FINANCING PROGRAMS THAT BENEFIT MANY PROJECTS, AND MEASURE AND VERIFIES THE RESULTS OF ITS EFFORTS. NEI TRAINS OWNERS AND OPERATING STAFF TO MANAGE THEIR OPERATIONS IN MORE ENVIRONMENTALLY AND SOCIALLY SOUND WAYS. NEI ANALYZES THE RESULTS OF ITS EFFORTS AND DISSEMINATE THESE FINDINGS ACROSS THE COUNTRY. IN 2013 NEI RECEIVED A GRANT FROM JPB FOUNDATION, TO SET UP EXPLORATORY MEETINGS WITH OTHER COMPANIES SIMILAR TO NEI FOR FUTURE COLLABORATION. IN 2013, NEI AND ONE OF THOSE COMPANIES, ELEVATE ENERGY, WERE AWARDED A TWO- YEAR 6M GRANT FROM JPB TO SET UP A NATIONAL DELIVERY NETWORK OF ENERGY EFFICIENCY IMPLEMENTERS THAT PROVIDE ENERGY EFFICIENCY SERVICES TO THE AFFORDABLE MULTIFAMILY MARKET. IN THE FALL OF 2015, ANOTHER TWO-YEAR 6M GRANT WAS AWARDED TO NEW ECOLOGY AND ELEVATE TO CONTINUE THE WORK THAT WAS STARTED IN PREVIOUS YEARS AND TO FURTHER ASSIST IN THE DEVELOPMENT OF THE NATIONAL NETWORK. IN THE FALL OF 2017, A THREE-YEAR 2.1M GRANT WAS AWARDED DIRECTLY TO NEI AND ELEVATE ENERGY WAS AWARDED A SECOND GRANT UNDER WHICH THEY HAVE SUB-GRANTED NEI 3,450,000 OVER THREE YEARS. BOTH OF THESE GRANTS WERE AWARDED TO BE USED TO SUPPORT NATIONAL APPROACH TO SCALING EFFICIENCY IN AFFORDABLE HOUSING. ADDITIONALLY, IN NOVEMBER 2019 THE JPB FOUNDATION GRANTED A ONE-TIME ADDITIONAL GRANT OF 250,000 TO BE USED FOR GENERAL OPERATING EXPENSES. IN THE FALL OF 2020 A THREE-YEAR 2.7M GRANT WAS AWARDED DIRECTLY TO NEI, AND ELEVATE ENERGY WAS AWARDED A SECOND GRANT UNDER WHICH THEY HAVE SUBGRANTED NEI 4,650,000 OVER THREE YEARS. BOTH OF THESE GRANTS WERE AWARDED TO BE USED TO SUPPORT NATIONAL APPROACH TO SCALING EFFICIENCY IN AFFORDABLE HOUSING. MONITORING & OPTIMIZATION: IN AUGUST 2016 NEI RECEIVED A 600,000 GRANT FROM THE MASSACHUSETTS CLEAN ENERGY TECHNOLOGY CENTER TO DEPLOY NON-PROPRIETARY HVAC REMOTE MONITORING AND OPTIMIZATION TECHNOLOGY IN 100 REPRESENTATIVE, LOW-INCOME MULTIFAMILY BUILDINGS TO IDENTIFY AND CORRECT OPERATIONAL INEFFICIENCIES AND REDUCE ENERGY COSTS. IN AUGUST 2018 NEI RECEIVED AN EXTENSION FOR AN ADDITIONAL 200,000 FOR REPAIR, REPLACEMENT, AND FURTHER OPTIMIZATION OF THE ORIGINAL 100 SITES AND MACHINE LEARNING. IN THE SPRING OF 2019, NEI WAS AWARDED A GRANT FROM THE DEPARTMENT OF ENERGY (DOE), BUILDING FOR AMERICA, THAT IS TO BE USED TO DEVELOP TOOLS TO AUTOMATE THE OPTIMIZATION ANALYSES AND FAULT DETECTION PROCESS OF NEI'S REMOTE MONITORING SYSTEM VIA MACHINE LEARNING. DURING THE NEGOTIATION PERIOD IT WAS REQUESTED THAT MA CEC ALLOW THE BALANCE OF THEIR 2018 GRANT BE USED AS A COST SHARE FOR THE DEPARTMENT OF ENERGY GRANT AND MACEC AGREED. DEPARTMENT OF ENERGY (DOE) IN THE SPRING OF 2019, FINAL NEGOTIATIONS OF THE 850,000 BUILDING AMERICA GRANT WERE COMPLETE. THE PERFORMANCE PERIOD OF THE GRANT IS MAY 1, 2019 THROUGH DECEMBER 31, 2021 AND IS EXTENDED UNTIL JUNE 30, 2023. THE PURPOSE OF THIS GRANT IS TO ENHANCE DATA ACQUISITION SYSTEMS AND DEVELOP TOOLS TO AUTOMATE THE OPTIMIZATION ANALYSES AND FAULT DETECTION PROCESS OF NEI'S REMOTE MONITORING SYSTEM VIA MACHINE LEARNING. WORKING WITH GRANT SUB- RECIPIENT, FRAUNHOFER, MACHINE LEARNING WILL SIGNIFICANTLY REDUCE IMPLEMENTATION COSTS OF REMOTE MONITORING SYSTEMS FOR BOILER SYSTEMS WHILE LOWERING ENERGY COSTS. FURTHER, THE LOWER COST OF REMOTE MONITORING WILL ALLOW FOR SCALABILITY RESULTING IN INCREASED ENERGY SAVINGS FOR MORE MULTI-FAMILY AND COMMUNITY BUILDINGS. MA DEPARTMENT OF ENERGY RESOURCES (MADOER) IN SEPTEMBER 2019 NEI RECEIVED A 700,000 GRANT FROM MADOER UNDER THE INNOVATE ENERGY EFFICIENCY GRANT PROGRAM (INNOVATEE). THE PURPOSE OF THE GRANT IS TO DEMONSTRATE INNOVATIONS IN THE AREAS OF ENERGY TECHNOLOGY AND PROGRAM DESIGN. NEI WILL DEMONSTRATE THE ENERGY SAVINGS POTENTIAL, VIABILITY, AND SCALABILITY OF ITS REMOTE MONITORING OPTIMIZATION (REMO) SERVICE ACROSS THE STATE OF MASSACHUSETTS. NEI'S SISTER NON-PROFIT, ACTION FOR BOSTON COMMUNITY DEVELOPMENT, ALSO RECEIVED A GRANT THROUGH THE MADOER'S INNOVATEE PROGRAM FOR THEIR LOW INCOME ENERGY EFFICIENCY PROGRAM THAT THEY HAVE CONTRACTED WITH NEI TO FULFILL. THE VALUE OF THIS CONTRACT FOR NEI IS UP TO 750,000 AND WAS TO BE COMPLETED BY DECEMBER 31,2021 BUT WILL CONTINUE UNTIL SEPTEMBER 30, 2022. ENERGIZE DELAWARE IN 2020 AND 2021, NEI SECURED THREE GRANTS FROM TWO ENERGIZE DELAWARE SOURCES TO SUPPORT HOUSING STABILIZATION AND COMMUNITY REVITALIZATION EFFORTS IN DELAWARE. THE FIRST TWO GRANTS WERE FROM THE ENERGIZE DELAWARE EMPOWERMENT GRANT (FOR 68,000) AND THE DELAWARE SUSTAINABLE ENERGY UTILITY (FOR 48,000). THESE FUNDS WERE AWARDED IN 2020 AND CONTRACTS WERE EXECUTED IN 2021. THE THIRD GRANT, AWARDED AND EXECUTED IN 2021 BY THE ENERGIZE DELAWARE EMPOWERMENT GRANT, WAS FOR 727,150. ALL THREE GRANTS ENABLE NEI TO PARTNER WITH LOCAL, MISSION-ORIENTED DEVELOPERS AND TO SPECIFICALLY COVER THE DEVELOPMENT COSTS TO ACHIEVE HIGHER BUILDING PERFORMANCE, HEALTH, AND CLIMATE-RESILIENCY STANDARDS THROUGH IMPROVED ENERGY-EFFICIENCY AND CLEAN ENERGY INVESTMENTS. ALL HOMES SUPPORTED WILL BE SOLD OR RENTED BY NEI'S DEVELOPMENT PARTNERS TO LOW- AND MODERATE-INCOME HOUSEHOLDS IN WILMINGTON, DE. NEI HOLDS AND WILL DISBURSE THE FUNDS TO OUR DEVELOPMENT PARTNERS WHEN THEIR PROJECTS ACHIEVE CERTAIN BENCHMARKS. THE FIRST TWO GRANTS OF 68,000 AND 48,000 WILL BE TRANSFERRED ENTIRELY TO OUR DEVELOPMENT PARTNERS TO COVER THEIR DEVELOPMENT COSTS. OF THE SECOND GRANT, 604,000 IS PROGRAMMED TO GO TO OUR DEVELOPMENT PARTNERS TO COVER DEVELOPMENT COSTS; 108,950 IS EXPECTED TO PAY FOR TECHNICAL ASSISTANCE AND WORKFORCE TRAINING SERVICES PROVIDED BY NEI; AND 14,200 WILL PAY FOR A THIRD-PARTY EVALUATION. EXELON FOUNDATION AND THE SIGNATURE PROJECT IN APRIL OF 2020, NEI RECEIVED A ONE-YEAR, 100,000 GRANT FROM THE EXELON FOUNDATION (EF) UNDER THEIR CLIMATE CHANGE INVESTMENT INITIATIVE (2C2I) PROGRAM. THEY ASSIGNED A BUSINESS DEVELOPMENT CONSULTANT TO WORK WITH OUR TEAM, AND THAT WORK IS COMPLETE. THE MAIN PROJECT WAS TO DEVELOP REMOTE MONITORING AND OPTIMIZATION SERVICES IN MULTIFAMILY BUILDINGS WITH CENTRAL HEATING BOILERS IN PHILADELPHIA AND CHICAGO. A COMBINATION OF FACTORS - SUPPLY CHAIN DISRUPTIONS AND LACK OF BUILDING OWNER INTEREST, BOTH CAUSED BY THE PANDEMIC, AND THE EF PIVOT TO REQUIRE "SIGNATURE PROJECTS" - CHANGED THE COURSE OF THIS PROJECT. THE SIGNATURE PROJECT WAS A SITE IN THE CHICAGO MARKET AND NEI SUPPORTED THE WORK OF ELEVATE. REMO WAS INSTALLED, DATA COLLECTED AND ANALYZED, AND A SIGNIFICANT SCOPE OF WORK IDENTIFIED TO ADDRESS LONG-TERM ISSUES. THE OWNER DELAYED THE WORK UNTIL THE SUMMER OF 2022, AND IT IS NOW COMPLETE. THE REMAINING TASK IS TO SEE THE EFFECT OF THE IMPROVEMENTS ON THE 2022-2023 WINTER DATA.
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward F Connelly President/se | OfficerTrustee | 40 | $201,058 |
Lauren Baumann Vice Preside | OfficerTrustee | 36 | $135,069 |
Joshua Sklarsky Cto | 40 | $120,250 | |
Henry Harvey Dir Of Engin | 40 | $119,983 | |
Thomas R Chase Sr. Project | 40 | $112,623 | |
Rebecca L Regan Treasurer | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Thoughtbot Inc Product Develop | 12/30/21 | $226,875 |
Fraunhofer Usa Inc Heating Optimiz | 12/30/21 | $187,913 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,889,680 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,889,680 |
Total Program Service Revenue | $3,534,722 |
Investment income | $1,024 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,374,959 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $201,058 |
Compensation of current officers, directors, key employees. | $20,106 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,618,757 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $630,366 |
Payroll taxes | $282,654 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,060 |
Fees for services: Accounting | $19,938 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $594,166 |
Advertising and promotion | $0 |
Office expenses | $83,112 |
Information technology | $122,002 |
Royalties | $0 |
Occupancy | $194,873 |
Travel | $30,596 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $26,704 |
Insurance | $59,160 |
All other expenses | -$982 |
Total functional expenses | $6,249,257 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,430,908 |
Savings and temporary cash investments | $444,857 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,493,938 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $14,453 |
Prepaid expenses and deferred charges | $17,905 |
Net Land, buildings, and equipment | $45,403 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $7,764 |
Total assets | $3,455,228 |
Accounts payable and accrued expenses | $417,554 |
Grants payable | $0 |
Deferred revenue | $1,157,196 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,574,750 |
Net assets without donor restrictions | $1,880,478 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $3,455,228 |
Over the last fiscal year, we have identified 6 grants that New Ecology Inc has recieved totaling $3,825,061.
Awarding Organization | Amount |
---|---|
Elevate Energy Chicago, IL PURPOSE: Subgrantee for national market expansion | $1,568,898 |
The Jpb Foundation New York, NY PURPOSE: NATIONAL APPROACH TO SCALING EFFICIENCY IN AFFORDABLE HOUSING | $900,000 |
The Jpb Foundation New York, NY PURPOSE: NATIONAL APPROACH TO SCALING EFFICIENCY IN AFFORDABLE HOUSING | $900,000 |
Sustainable Energy Utility Inc Dover, DE | | $406,158 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Organization Name | Assets | Revenue |
---|---|---|
New England Interstate Water Pollution Control Commission Lowell, MA | $13,941,857 | $17,678,985 |
Conservation Law Foundation Inc Boston, MA | $40,803,982 | $23,298,469 |
Waterkeeper Alliance Inc New York, NY | $5,512,348 | $11,721,218 |
Tree Care Industry Association Inc Manchester, NH | $12,082,110 | $7,141,132 |
New Ecology Inc Boston, MA | $3,455,228 | $7,374,959 |
West Harlem Environmental Action Inc New York, NY | $16,626,101 | $16,263,917 |
Consortium For Energy Efficiency Inc Middleton, MA | $3,900,688 | $3,677,638 |
Sound Waters Inc Stamford, CT | $15,959,792 | $5,964,857 |
Project For Public Spaces Inc New York, NY | $985,831 | $2,895,436 |
Catskill Center For Conservation And Development Inc Arkville, NY | $7,000,138 | $2,362,917 |
Vermont Public Interest Research Group Inc Montpelier, VT | $2,741,753 | $1,307,101 |
Vermont Natural Resources Council Inc Montpelier, VT | $7,716,100 | $1,737,886 |