New Ecology Inc
- Assets
- $5.1m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 65
- Location
- Boston, MA
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 04-3447828
Organization Overview
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 12/2023, New Ecology Inc employed 65 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 12/2023, New Ecology Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE "O".NEW ECOLOGY ADDRESSES GLOBAL ENVIRONMENTAL ISSUES BY BRINGING THE BENEFITS OF SUSTAINABLE DEVELOPMENT TO THE COMMUNITY LEVEL WITH A CONCERTED EMPHASIS ON EQUITY. WE MAKE THE BUILT ENVIRONMENT MORE EFFICIENT, HEALTHY, AND RESILIENT BY ADVANCING SUSTAINABLE PRACTICES, ENSURING ACCESSIBLE, AFFORDABLE, AND HEALTHY ENVIRONMENTS IN WHICH TO LIVE AND WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE "O".NEI CONDUCTS THE FOLLOWING ACTIVITIES:GREEN BUILDING SERVICESNEI ADVANCES THE IMPACT OF SUSTAINABLE DEVELOPMENT IN AFFORDABLE MULTIFAMILY HOUSING BY HELPING DEVELOPERS AND THEIR TEAMS RENOVATE OR CONSTRUCT MULTIFAMILY AFFORDABLE HOUSING, MIXED-USE BUILDINGS AND SMALL COMMERCIAL BUILDINGS THAT ARE HEALTHY, AFFORDABLE, DURABLE, RESILIENT, AND ENERGY EFFICIENT.EXISTING BUILDING DECARBONIZATIONNEI TRANSFORMS EXISTING HOUSING STOCK BY WORKING WITH OWNERS AND OPERATORS OF EXISTING BUILDINGS TO DECARBONIZE AND ELECTRIFY, REDUCING CLIMATE IMPACTS, ASSURING COMPLIANCE WITH REGULATIONS AND IMPROVING RESILIENCE IN MULTIFAMILY AFFORDABLE HOUSING AND SMALL COMMERCIAL BUILDINGS.CLIMATE SMART COMMUNITIESNEI SUPPORTS COMMUNITY-BASED PARTNERS IN THE NATURALLY OCCURRING AFFORDABLE HOUSING (NOAH) SECTOR THROUGH THE DELIVERY OF TECHNICAL ASSISTANCE AND PROGRAMS THAT DELIVER HIGH-PERFORMANCE, CLIMATE READY, HEALTHY HOUSING AND COMMUNITY REVITALIZATION.RESEARCH AND DEVELOPMENTNEI INNOVATES AND CREATES NEW OPPORTUNITIES FOR TECHNOLOGIES, PROCESSES, AND APPROACHES THAT CAN MAKE SUSTAINABLE DEVELOPMENT IN THE BUILT ENVIRONMENT MORE ACCESSIBLE, COST-EFFECTIVE, EFFICIENT, AND IMPACTFUL.
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward F Connelly President/secretary | OfficerTrustee | 40 | $173,156 |
Rebecca L Regan Treasurer | OfficerTrustee | 2 | $0 |
Peter Lowitt Chairman | OfficerTrustee | 2 | $0 |
Josh Cohen Director | Trustee | 2 | $0 |
Kari Hewitt Director | Trustee | 2 | $0 |
Lindsey Sands Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| 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 |
Financial Statements
| 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 | $3,244,873 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,244,873 |
| Total Program Service Revenue | $4,725,209 |
| Investment income | $17,280 |
| 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 | $8,012,772 |
| 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. | $335,103 |
| Compensation of current officers, directors, key employees. | $23,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,885,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $852,899 |
| Payroll taxes | $396,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,839 |
| Office expenses | $0 |
| Information technology | $153,929 |
| Royalties | $0 |
| Occupancy | $339,306 |
| Travel | $80,276 |
| 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 | $21,215 |
| Insurance | $64,638 |
| All other expenses | $63,543 |
| Total functional expenses | $8,203,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,061 |
| Savings and temporary cash investments | $965,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,100,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,811 |
| Net Land, buildings, and equipment | $53,024 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,045,698 |
| Total assets | $5,130,564 |
| Accounts payable and accrued expenses | $335,687 |
| Grants payable | $0 |
| Deferred revenue | $2,280,391 |
| 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 | $1,024,849 |
| Total liabilities | $3,640,927 |
| Net assets without donor restrictions | $1,489,637 |
| 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 | $5,130,564 |