Echoing Green Inc
- Assets
- $60.7m
- Revenue
- $19.8m
- Investments
- $0.0
- Employees
- 41
- Location
- New York, NY
- Founding
- 12/1987
- Data as of
- 06/2022
- EIN
- 13-3424419
Organization Overview
Echoing Green Inc is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Echoing Green Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Echoing Green 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 06/2022, Echoing Green Inc generated $19.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $14.7m during the year ending 06/2022. While expenses have increased by 4.3% 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.
Since 2015, Echoing Green Inc has awarded 259 individual grants totaling $16,382,122. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING TOP EMERGING SOCIAL ENTREPRENEURS TO CREATE INNOVATIVE SOCIAL CHANGE WORLDWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FELLOWSHIP AND ALUMNI PROGRAM- ECHOING GREEN'S FELLOWSHIP PROGRAM IDENTIFIES A DIVERSE GROUP OF SOCIAL IMPACT ENTREPRENEURS, INVESTS MILLIONS OF DOLLARS INTO SEED FUNDING AND HAS BUILLT A NETWORK OF MORE THAN 900+ BEST-IN-CLASS SOCIAL ENTREPRENEURS WORLDWIDE WITH DEEP FOCUS ON COMMUNITIES OF COLOR AND RACIAL EQUITY. IN SUPPORTING ALUMNI, ECHOING GREEN PROVIDES FOLLOW-ON FUNDING GRANTS, NEARLY $1.5M, AS AN ADDITIONAL CAPITAL INVESTMENT TO LEADERS BATTLING RACIAL INEQUITY.
ONRAMPSECHOING GREEN WORKS WITH SEVEN HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO ENCOURAGE COLLEGE-AGE STUDENTS TO CONSIDER SOCIAL ENTERPRENEURSHIP AS THEIR CAREER CHOICE. THROUGH EXPOSURE TO ECHOING GREEN FELLOWS AND ALUMNI, STUDENTS ARE A PIPELINE FOR FUTURE SOCIAL ENTERPRENUERS THAT FOCUS ON ALL SECTORS AND DICIPLINES
EMPLOYEE ENGAGEMENTECHOING GREEN CREATES OPPORTUNITIES FOR CORPORATE EMPLOYEES TO ENGAGE IN BUILDING A MULTI-RACIAL, MULTI-GENERATIONAL AND CROSS-SECTOR COALITION TO DISMANTLE STRUCTURAL RACISM. CORPORATE EMPLOYEES WILL GAIN AWARENESS OF SOCIAL INNOVATION'S ROLE IN FURTHERING RACIAL EQUITY, USING THEIR SKILLS AND EXPERTISE TO MEANINGFULLY CONTRIBUTE TO THE RACIAL EQUITY MOVEMENT. ECHOING GREEN HOSTS SENIOR LEADERSHIP BOARD TRAINING WORKSHOPS, INNOVATOR TALKS, BRAIN TRUST SERIES AND INVITES CORPORATE EMPLOYEES TO PARTICIPATE IN REVIEWING FELLOWSHIP APPLICATIONS.
THOUGHT LEADERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Dorsey President | OfficerTrustee | 40 | $227,057 |
Sharyanne Mcswain Chief Operating Officer | Officer | 40 | $219,228 |
Elizabeth Mueller VP Of Thought Leadership | 40 | $207,442 | |
Janna Oberdorf VP Of External Affairs | 40 | $173,418 | |
Alexis Williams Senior Director, Development | 40 | $154,476 | |
Joanna Helou Chief Of Staff | 40 | $149,577 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orr Group Fundraising Consulting | 6/29/22 | $985,050 |
Alight Llc Racial Equity Transformation | 6/29/22 | $155,650 |
Offor Walker Group Llc Talent Recruiter | 6/29/22 | $125,000 |
Fearless Video Productions Llc Documentary Productions | 6/29/22 | $114,249 |
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 | $19,582,541 |
| Noncash contributions included in lines 1a–1f | $14,674 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,582,541 |
| Total Program Service Revenue | $78,710 |
| Investment income | $83,220 |
| 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 | $19,754,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,056,362 |
| Grants and other assistance to domestic individuals. | $16,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,625,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $636,509 |
| Compensation of current officers, directors, key employees. | $165,663 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,139,839 |
| Pension plan accruals and contributions | $138,250 |
| Other employee benefits | $152,091 |
| Payroll taxes | $709,423 |
| Fees for services: Management | $1,885,177 |
| Fees for services: Legal | $64,862 |
| Fees for services: Accounting | $48,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $838,950 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $768 |
| Office expenses | $488,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $540,635 |
| Travel | $107,554 |
| 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 | $85,337 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $14,680,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,408,842 |
| Savings and temporary cash investments | $31,956,290 |
| Pledges and grants receivable | $17,081,042 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,923 |
| Prepaid expenses and deferred charges | $376,834 |
| Net Land, buildings, and equipment | $35,829 |
| Investments—publicly traded securities | $9,768,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,812 |
| Total assets | $60,744,468 |
| Accounts payable and accrued expenses | $468,562 |
| Grants payable | $2,413,000 |
| Deferred revenue | $0 |
| 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 | $145,519 |
| Total liabilities | $3,027,081 |
| Net assets without donor restrictions | $35,822,461 |
| Net assets with donor restrictions | $21,894,926 |
| 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 | $60,744,468 |
Grants Awarded
Over the last fiscal year, Echoing Green Inc has awarded $4,054,223 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
SUMMER HOUSE INSTITUTE PURPOSE: FISCAL SPONSORSHIP | $880,223 |
TASSELTURN PURPOSE: SOCIAL INNOVATION CHALLENGE | $175,750 |
Oakland, CA PURPOSE: FOLLOW ON FUNDING | $125,000 |
New Orleans, LA PURPOSE: FOLLOW ON FUNDING | $100,000 |
Cincinnati, OH PURPOSE: FOLLOW ON FUNDING | $100,000 |
Oakland, CA PURPOSE: FOLLOW ON FUNDING | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Echoing Green Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Maud And Burton Goldfield Family Foundation Corporation Wilmington, DE PURPOSE: CHARITABLE EVENT | $10,000 |
Endowment Analysis
| Beg. Balance | $239,335 |
| Ending Balance | $239,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |