Echoing Green Inc
- Assets
- $73.6m
- Revenue
- $29.7m
- Investments
- $0.0
- Employees
- 42
- Location
- New York, NY
- Founding
- 12/1987
- Data as of
- 06/2023
- 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 06/2023, Echoing Green Inc employed 42 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 06/2023, Echoing Green Inc generated $29.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $19.8m during the year ending 06/2023. While expenses have increased by 7.7% 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.
Since 2015, Echoing Green Inc has awarded 317 individual grants totaling $19,502,079. 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
2023
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: THE FELLOWSHIP PROGRAM BEGINS WITH A STRATEGIC AND THOUGHTFUL GLOBAL SEARCH FOR EMERGING SOCIAL LEADERS WHO ARE PROXIMATE TO THE COMMUNITIES THEY SERVE; BRING A DIVERSITY OF TALENT ACROSS ETHNIC, GENDER, RELIGIOUS, AND ECONOMIC BACKGROUNDS; AND EXHIBIT SUCCESS INDICATORS BEYOND A TRADITIONAL BUSINESS PLAN AND FORMAL DEGREE, SUCH AS A LIFELONG COMMITMENT TO LEADERSHIP AND SOCIAL CHANGE. THROUGH A COMPETITIVE GLOBAL SEARCH, ECHOING GREEN IDENTIFIED TRANSFORMATIONAL LEADERS WHO ARE OFTEN OVERLOOKED AND UNDERFUNDED BY TRADITIONAL INVESTMENT INSTITUTIONS. WE CAST A WIDE NET BY WORKING WITH CORPORATE, COMMUNITY, AND ACADEMIC PARTNERS TO BUILD ONRAMPS TO THE SOCIAL INNOVATION SECTOR FOR STUDENTS AND YOUNG PROFESSIONALS, WITH AN EMPHASIS ON REACHING WOMEN AND LEADERS OF COLOR.FELLOWS ARE PROVIDED WITH LEADERSHIP DEVELOPMENT TRAINING, WELLBEING AND WELLNESS SUPPORT, AND JOIN A THRIVING ECOSYSTEM OF SOCIAL INNOVATION THAT INCLUDES MORE THAN 1000+ BEST-IN CLASS ECHOING GREEN'S FELLOWS, LEADERSHIPS, STAFF, INVESTORS, AND EXTERNAL PARTNERS TO ENSURE THAT THEIR ENDEAVORS ARE SUSTAINABLE WELL BEYOND THE FELLOWSHIP PROGRAM. IN SUPPORTING ALUMNI, ECHOING GREEN PROVIDES FOLLOW-ON FUNDING GRANTS, NEARLY $4M, IN FISCAL YEAR 2023 AS AN ADDITIONAL CAPITAL INVESTMENT TO LEADERS BATTLING GLOBAL INEQUITY.ECHOING GREEN CREATED THE SIGNAL FUND DURING FISCAL YEAR 2023. THE SIGNAL FUND IS STRUCTURED TO MAKE CATALYTIC CAPITAL AVAILABLE TO ECHOING GREEN'S SOCIAL IMPACT LEADERS WHO HAVE DEVELOPED THEIR ORGANIZATIONS OVER FIVE TO TEN YEARS. ECHOING GREEN EXPECTS ITS CAPITAL INVESTMENTS TO ADVANCE IMPACT FOR INNOVATORS AND LEVERAGE SIGNIFICANT LEVELS OF CO-INVESTMENT INTO ECHOING GREEN ALUMNI SOCIAL ENTERPRISES.
THOUGHT LEADERSHIP
ONRAMPS PROGRAM:THE ONRAMPS PROGRAM IS A MULTI-PHASE PROGRAM FOR BLACK COLLEGE STUDENTS PROVIDING POWERFUL OPPORTUNITIES TO DEVELOP INNOVATION SKILLS, CONNECT TO ECHOING GREEN'S GLOBAL NETWORK OF SOCIAL ENTREPRENEURS, ACCESS SEED FUNDS, AND PURSUE PATHWAYS TO FELLOWSHIP OPPORTUNITIES.ECHOING GREEN WORKS CLOSELY WITH HBCU PARTNERS TO OFFER UNIQUE ENGAGEMENT OPPORTUNITIES TO INTRODUCE STUDENTS TO BASIC CONCEPTS IN INNOVATION, SOCIAL ENTREPRENEURSHIP, THE ECHOING GREEN ECOSYSTEM; AND TO THRUST STUDENTS INTO AN EXPLORATION OF SOCIAL ENTREPRENEURSHIP THROUGH AN EQUITY-CENTERED, PROBLEM-SOLVING LENS.
CORPORATE ENGAGEMENT:ECHOING GREEN HAS A LONG AND SUCCESSFUL TRACK RECORD OF DEVELOPING IMPACTFUL ENGAGEMENT OFFERINGS FOR BUSINESS LEADERS. WE OCCUPY A SINGULAR SPACE AT THE INTERSECTION OF GLOBAL BUSINESS, INNOVATION, AND SOCIAL IMPACT THAT POSITIONS US TO OFFER ONE-OF-A-KIND PROGRAMMING THAT BENEFITS CORPORATIONS, CORPORATE EMPLOYEES, ECHOING GREEN FELLOWS AND STAFF, AND THE BROADER SECTOR.OUR TAILORED OPPORTUNITIES INCLUDE: VIRTUAL LEADER LENS HOSTED BY ECHOING GREEN STAFF AND FELLOWS TO SHARE INSIGHTS AND PERSPECTIVES FROM FELLOWS' WORK ACROSS THE GLOBE; INVOLVING EMPLOYEES IN ECHOING GREEN'S NEW FELLOW APPLICATION REVIEW AND FINALIST SELECTION PROCESS; AND WORKSHOPS FOR EMPLOYEES LED BY ECHOING GREEN'S LEADERSHIP FOCUSED ON NONPROFIT GOVERNANCE AND SERVING ON A NONPROFIT BOARD.
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 |
|---|---|---|---|
Marie Kelly Co-Chair | OfficerTrustee | 1 | $0 |
Carter Mcclelland Co-Chair | OfficerTrustee | 1 | $0 |
Cheryl Dorsey President | OfficerTrustee | 40 | $395,006 |
Marc Saiontz Treasurer | OfficerTrustee | 1 | $0 |
Peggy Segal Secretary | OfficerTrustee | 1 | $0 |
Maya Ajmera Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orr Group Fundraising Consulting | 6/29/23 | $893,800 |
The Wakeman Agency Public Relation Support | 6/29/23 | $250,000 |
Duff Consulting Llc Management And Policy Consulting | 6/29/23 | $193,900 |
Dhr Global Talent Recruitment | 6/29/23 | $177,266 |
Angel City Advisors Social Innovation Consulting | 6/29/23 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,214,839 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,817,193 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,032,032 |
| Total Program Service Revenue | $0 |
| Investment income | $723,571 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$58,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,712,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,311,785 |
| Grants and other assistance to domestic individuals. | $27,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,880,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $685,750 |
| Compensation of current officers, directors, key employees. | $175,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,044,755 |
| Pension plan accruals and contributions | $123,453 |
| Other employee benefits | $504,959 |
| Payroll taxes | $674,336 |
| Fees for services: Management | $3,281,823 |
| Fees for services: Legal | $181,429 |
| Fees for services: Accounting | $39,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $687,900 |
| Fees for services: Investment Management | $13,931 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,992 |
| Information technology | $432,194 |
| Royalties | $0 |
| Occupancy | $545,117 |
| Travel | $339,997 |
| 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 | $26,141 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,811,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,474,110 |
| Savings and temporary cash investments | $13,593,823 |
| Pledges and grants receivable | $21,406,101 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $296,734 |
| Net Land, buildings, and equipment | $31,473 |
| Investments—publicly traded securities | $26,220,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $569,282 |
| Total assets | $73,591,798 |
| Accounts payable and accrued expenses | $1,098,869 |
| Grants payable | $3,945,458 |
| 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 | $536,884 |
| Total liabilities | $5,581,211 |
| Net assets without donor restrictions | $40,052,338 |
| Net assets with donor restrictions | $27,958,249 |
| 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 | $73,591,798 |
Grants Awarded
Over the last fiscal year, Echoing Green Inc has awarded $5,311,785 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
CHAINLESS CHANGE PURPOSE: FELLOWSHIP | $80,000 |
ENJOY THE BABY LLC PURPOSE: FELLOWSHIP | $80,000 |
FAMILY MATTERS FIRST PURPOSE: FELLOWSHIP | $80,000 |
FEDERATION OF AMERICAN SCIENTISTS - FLI SCI PURPOSE: FELLOWSHIP | $80,000 |
FIT TO NAVIGATE PURPOSE: FELLOWSHIP | $80,000 |
FREEDOM COMMUNITY CLINIC INC PURPOSE: FELLOWSHIP | $80,000 |