Green Seal Inc
- Assets
- $1.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Washington, DC
- Founding
- 12/1991
- Data as of
- 09/2023
- EIN
- 13-3553974
Organization Overview
Green Seal Inc is located in Washington, DC. The organization was established in 1991. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 09/2023, Green Seal Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Seal 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 09/2023, Green Seal Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.2m during the year ending 09/2023. While expenses have increased by 1.1% 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
PROTECTING HEALTH & ENVIRONMENT THROUGH THE TRANSITION TO SAFER, MORE SUSTAINABLE PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREEN SEAL IS A GLOBAL NONPROFIT COMMITTED TO MAKING SAFETY AND SUSTAINABILITY EVERYONE'S BUSINESS. THE ECOLABELING MOVEMENT WE PIONEERED DECADES AGO HAS DRIVEN PERMANENT SHIFTS IN THE MARKETPLACE, EMPOWERING INFORMED PURCHASING DECISIONS AND REWARDING INDUSTRY INNOVATORS. GREEN SEAL'S HALLMARK IS TO LEAD WITH SCIENCE TO SPUR INNOVATION FOR A MORE SUSTAINABLE ECONOMY, EXPOSING THE FALSE CHOICE BETWEEN ENVIRONMENTAL AND ECONOMIC HEALTH. FROM PROMPTING A NATIONWIDE SHIFT TOWARD RECYCLED-CONTENT PAPER, TO CATALYZING A MOVEMENT TOWARD LOW-VOC PRODUCTS, THE GREEN SEAL CERTIFICATION MARK IS A TRUSTED SYMBOL THAT PRODUCTS MEET TRULY COMPREHENSIVE HEALTH AND SUSTAINABILITY LEADERSHIP STANDARDS. GREEN SEAL'S FLAGSHIP CERTIFICATION PROGRAM AND ITS OTHER INITATIVES ARE DESIGNED TO (CONTINUED ON SCHEDULE O)ACCELERATE THE MARKET ADOPTION OF SAFER AND MORE SUSTAINABLE PRODUCTS. IN 2023, OUR STANDARDS ENCOMPASS APPROXIMATELY 1,800 CERTIFIED PRODUCTS AND SERVICES ACROSS MORE THAN 36,000 PRODUCT SKUS FROM THE WORLD'S LEADING COMPANIES. WITH GLOBAL RECOGNITION AND TRUSTED EXPERTISE, COMPANIES AND CONSUMERS CAN LOOK FOR, PARTNER WITH, AND LEAN ON GREEN SEAL TO MAKE HEALTHIER, SAFER CHOICES WITH CONFIDENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Sahi Chair (until 10/2022) | OfficerTrustee | 1 | $0 |
Nancy Hersh Vice Chair; Then Chair(tran 10/2022) | OfficerTrustee | 1 | $0 |
Brenna Walraven Treas; Then Vice Chair(tran 10/2022) | OfficerTrustee | 1 | $0 |
Jesse Levin Dir; Then Treasurer (trans. 10/2022) | OfficerTrustee | 1 | $0 |
Edward Hubbard Dir; Then Secretary (trans. 10/2022) | OfficerTrustee | 1 | $0 |
Jim Jones Director (until 6/3023) | Trustee | 1 | $0 |
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 | $4,104 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,104 |
| Total Program Service Revenue | $3,299,622 |
| Investment income | $10,509 |
| 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 | $3,319,376 |
| 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. | $498,351 |
| Compensation of current officers, directors, key employees. | $124,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,056,910 |
| Pension plan accruals and contributions | $62,203 |
| Other employee benefits | $448,718 |
| Payroll taxes | $131,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,720 |
| Fees for services: Accounting | $22,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $506,752 |
| Advertising and promotion | $42,290 |
| Office expenses | $41,451 |
| Information technology | $73,275 |
| Royalties | $0 |
| Occupancy | $50,591 |
| Travel | $53,837 |
| 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 | $9,771 |
| Insurance | $35,905 |
| All other expenses | $25,295 |
| Total functional expenses | $3,191,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,761 |
| Savings and temporary cash investments | $1,030,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $442,257 |
| 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 | $40,128 |
| Net Land, buildings, and equipment | $15,944 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,473 |
| Total assets | $1,897,208 |
| Accounts payable and accrued expenses | $230,898 |
| Grants payable | $0 |
| Deferred revenue | $481,288 |
| 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 | $712,186 |
| Net assets without donor restrictions | $1,185,022 |
| 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 | $1,897,208 |