Catalyst Inc
- Assets
- $50.1m
- Revenue
- $20.1m
- Investments
- $0.0
- Employees
- 144
- Location
- New York, NY
- Founding
- 06/1964
- Data as of
- 08/2023
- EIN
- 13-1992402
Organization Overview
Catalyst Inc is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 08/2023, Catalyst Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catalyst 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 08/2023, Catalyst Inc generated $20.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $26.9m during the year ending 08/2023. While expenses have increased by 8.5% per year over the past 8 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
CATALYST IS THE LEADING NONPROFIT ORGANIZATION WITH A MISSION TO ACCELERATE PROGRESS FOR WOMEN THROUGH WORKPLACE INCLUSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GLOBAL MARKETING AND COMMUNICATIONS ("GMC"):THE GMC TEAM SHAPES, ENHANCES, AND ELEVATES THE CATALYST BRAND, MISSION, AND VALUES TO SUPPORTERS AND THE GENERAL PUBLIC THROUGH THE CREATION AND PROMOTION OF CATALYST PRODUCTS, EVENTS, AND SERVICES. GMC IS RESPONSIBLE FOR CREATING, LAUNCHING, AND PROMOTING CATALYST CONTENT; MANAGING SOCIAL MEDIA; DEVELOPING POLICY MESSAGING; PRODUCING PUBLIC CAMPAIGNS; PLANNING AND EXECUTING IN-PERSON AND VIRTUAL EVENTS; AND EXPANDING THE CATALYST DIGITAL FOOTPRINT.
ALL OTHER PROGRAMS:NATIONAL EDUCATION, GLOBAL COMMUNICATIONS, AND GLOBAL EVENTS.
STRATEGIC SOLUTIONS & PRODUCTS ("SSP"): THE SSP TEAM IS RESPONSIBLE FOR THE DEVELOPMENT AND DELIVERY OF FEE-FOR-SERVICE WORKSHOPS, PROGRAMMING, AND ADVISORY SERVICES DESIGNED TO ACCELERATE PROGRESS FOR WOMEN IN THE WORKPLACE AND ENHANCE WORKPLACE INCLUSION. CATALYST'S OFFERINGS AND SOLUTIONS REACH CLIENTS GLOBALLY THROUGH INDIVIDUAL AWARENESS BUILDING, SHIFTING MINDSETS AND BEHAVIORS, DEVELOPING COMMITMENT TO ACTION PLANS, AND ENGAGING IN DIVERSITY, EQUITY, AND INCLUSION (DEI) EVENTS TO BUILD GREATER COMMUNITY. FOUNDATIONAL PROGRAMS INCLUDE MARC (MEN ADVOCATING REAL CHANGE), A CATALYST INITIATIVE DESIGNED TO INSPIRE AND EQUIP MEN TO LEVERAGE THEIR UNIQUE OPPORTUNITY AND RESPONSIBILITY TO BE ADVOCATES FOR EQUITY AND BUILD GENDER PARTNERSHIP, AND A SUITE OF INCLUSION WORKSHOPS AND ONLINE/SELF-PACED LEARNING, WHICH HELP INDIVIDUALS AND LEADERS ACROSS LEVELS LEARN HOW TO OVERCOME BIASES AND FOSTER GREATER WORKPLACE INCLUSION. ADVISORY SERVICES CREATES CLIENT IMPACT THROUGH DEI CONSULTING, INCLUDING STRATEGIC ENGAGEMENTS, SPECIALIZED PROGRAMMING, AND DIAGNOSTIC TOOLS. THROUGH ALL OF THESE OFFERINGS, CATALYST DELIVERS A FULL SUITE OF CLIENT PROGRAMMING TO MEET LEARNING NEEDS ACROSS EMPLOYEE GROUPS. SSP FEE-FOR-SERVICE SOLUTIONS REACHES THE MAJORITY OF OUR GLOBAL SUPPORTER COMMUNITY ACROSS REGIONS AND INDUSTRIES.
RESEARCH: THE RESEARCH TEAM CONDUCTS APPLIED RESEARCH TO PROMOTE GENDER, RACIAL AND ETHNIC INCLUSION IN WORKPLACES AROUND THE WORLD. THIS RESEARCH CULMINATES IN PUBLISHED STUDIES THAT INCLUDE FINDINGS FROM INTERVIEWS, FOCUS GROUPS AND SURVEYS, AS WELL AS COMPANY BEST PRACTICES AND RECOMMENDATIONS FOR OMPANIES AND FIRMS CREATING EQUITABLE AND INCLUSIVE WORKPLACES FOR WOMEN AND MEN. CATALYST CONDUCTS RESEARCH GLOBALLY AND HAS PRODUCED REPORTS SPECIFIC TO THE UNITED STATES, CANADA, EUROPE, AND AUSTRALIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albert Bourla Director | Trustee | 1 | $0 |
Alfred F Kelly Jr Director (outgoing) | Trustee | 1 | $0 |
Andrew J Mcmahon Director (outgoing) | Trustee | 1 | $0 |
Billy Gifford Director | Trustee | 1 | $0 |
Brian Cornell Director | Trustee | 1 | $0 |
Brian Moynihan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agencyea Llc Virtual Events Planning And Production | 8/30/23 | $152,900 |
Silly Monkey Studios Llc (Kanopi Studio Website Development | 8/30/23 | $146,655 |
Burns Group Nyc Llc Professional & Consiltation Fee | 8/30/23 | $133,030 |
Assemble Hr Executive Coaching And Learning Programs | 8/30/23 | $113,250 |
Mei Cauk Publication Workshops Facilitation | 8/30/23 | $110,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,235,945 |
| Related organizations | $0 |
| Government grants | $344,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,753,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,334,127 |
| Total Program Service Revenue | $5,268,708 |
| Investment income | $707,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$220,642 |
| Net Income from Fundraising Events | $31,379 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,115,847 |
| 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. | $2,149,591 |
| Compensation of current officers, directors, key employees. | $260,510 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,519,395 |
| Pension plan accruals and contributions | $742,021 |
| Other employee benefits | $1,757,057 |
| Payroll taxes | $1,207,745 |
| 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 | $135,064 |
| Fees for services: Other | $3,683,641 |
| Advertising and promotion | $0 |
| Office expenses | $441,413 |
| Information technology | $51,499 |
| Royalties | $0 |
| Occupancy | $739,503 |
| Travel | $226,152 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $344,674 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $295,522 |
| Insurance | $143,012 |
| All other expenses | $162,866 |
| Total functional expenses | $26,901,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,682,226 |
| Savings and temporary cash investments | $6,742,526 |
| Pledges and grants receivable | $8,683,767 |
| Accounts receivable, net | $712,396 |
| 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 | $684,729 |
| Net Land, buildings, and equipment | $539,356 |
| Investments—publicly traded securities | $24,035,972 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,982,149 |
| Total assets | $50,063,121 |
| Accounts payable and accrued expenses | $2,303,678 |
| Grants payable | $0 |
| Deferred revenue | $369,505 |
| 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 | $12,955,189 |
| Total liabilities | $15,628,372 |
| Net assets without donor restrictions | $20,390,108 |
| Net assets with donor restrictions | $14,044,641 |
| 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 | $50,063,121 |