Sustainable Markets Foundation
- Assets
- $18.0m
- Revenue
- $19.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2002
- Data as of
- 08/2021
- EIN
- 13-4188834
Organization Overview
Sustainable Markets Foundation is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Markets Foundation 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 08/2021, Sustainable Markets Foundation generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $18.3m during the year ending 08/2021. While expenses have increased by 10.2% per year over the past 6 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, Sustainable Markets Foundation has awarded 318 individual grants totaling $30,858,273. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO PROMOTE ENVIRONMENTAL PROTECTION, ENERGY EFFICIENCY, CONSUMER PROTECTION, HEALTH AND SAFETY, AND GOOD GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIMATE CHANGE - A PROGRAM TO RESEARCH AND DEVELOP REPORTS AND EDUCATIONAL MATERIALS FOR THE PUBLIC ON THE NEED FOR BOLD ACTION IN RESPONSE TO THE CLIMATE CRISIS. ACTIVITIES INCLUDE DISSEMINATION OF PUBLIC EDUCATION MATERIALS THROUGH THE MEDIA, BLOGS AND EDUCATIONAL INSTITUTIONS AND HOLDING PUBLIC EVENTS ACROSS THE U.S. TO RAISE PUBLIC AWARENESS OF THE IMPACT OF CLIMATE CHANGE.
CLEAN ENERGY & JUST TRANSITION - A PROGRAM TO EDUCATE THE PUBLIC ABOUT THE NEED TO LOOK BEYOND FOSSIL FUELS TO A FUTURE THAT IS SAFE AND HEALTHY FOR EVERYONE AND ADDRESS THE ONGOING CLIMATE, HEALTH, AND ENVIRONMENTAL JUSTICE EMERGENCY CAUSED BY THE OIL AND GAS INDUSTRY, INCLUDING THE NEED TO PHASE OUT FOSSIL FUEL PRODUCTION WITH A JUST AND EQUITABLE TRANSITION THAT PROTECTS WORKERS, COMMUNITIES, AND ECONOMIES.
AGRICULTURE - A PROGRAM TO RESEARCH AND WRITE REPORTS, BOOKS, NEWSLETTERS AND OTHER MATERIALS TO EDUCATE THE PUBLIC ON REGENERATIVE AND SUSTAINABLE AGRICULTURE, HEALTHY SOILS, FOOD SAFETY, AND INNOVATIVE FARMING TECHNIQUES THAT CAN REDUCE HEAT TRAPPING GASES IN THE ATMOSPHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hitchcock President | OfficerTrustee | 1 | $0 |
Stephen Kleinberg Secretary-Treas | OfficerTrustee | 1 | $0 |
John Richard Vice President | OfficerTrustee | 1 | $0 |
Jay R Halfon Dir & Gen | Officer | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greg Palast Llc Program Management | 8/30/21 | $192,860 |
Halfon & Boehm Pc Legal Services | 8/30/21 | $160,021 |
Patriot Majority Usa Program Management | 8/30/21 | $310,000 |
Our Next Economy Llc Proj. Coordination | 8/30/21 | $2,875,000 |
Anita Nayar Program Management | 8/30/21 | $160,015 |
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 | $19,304,181 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,304,181 |
| Total Program Service Revenue | $0 |
| Investment income | $77,447 |
| 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 | $19,381,628 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,486,949 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,824,672 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $282,161 |
| Fees for services: Accounting | $138,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $97,960 |
| Office expenses | $21,825 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,067 |
| Travel | $37,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $254 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $730 |
| All other expenses | $3,555,919 |
| Total functional expenses | $18,319,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,709 |
| Savings and temporary cash investments | $16,363,604 |
| Pledges and grants receivable | $343,250 |
| 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 | $87,169 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $88,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,976,931 |
| Accounts payable and accrued expenses | $410,229 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $410,229 |
| Net assets without donor restrictions | $2,120,483 |
| Net assets with donor restrictions | $15,446,219 |
| 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 | $17,976,931 |
Grants Awarded
Over the last fiscal year, Sustainable Markets Foundation has awarded $5,430,998 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: AGRICULTURE | $2,000,000 |
New York, NY PURPOSE: Clean Energy and Just Transition | $1,099,372 |
Greeneville, TN PURPOSE: AGRICULTURE | $267,254 |
Washington, DC PURPOSE: CLIMATE CHANGE | $250,500 |
Los Angeles, CA PURPOSE: Environmental Conservation | $250,000 |
Berkeley, CA PURPOSE: Environmental Conservation | $200,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sustainable Markets Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Lindemann Foundation Inc Wilmington, DE PURPOSE: PALAST FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Audubon Society Inc Lincoln, MA | $290,978,469 | $38,308,793 |
Environmental Defense Action Fund New York, NY | $6,474,489 | $29,024,607 |
Council On The Environment Inc New York, NY | $42,012,048 | $22,554,174 |
Sustainable Markets Foundation New York, NY | $17,976,931 | $19,381,628 |
Only One Inc New York, NY | $3,262,058 | $9,834,103 |
New Jersey Audubon Society Bernardsville, NJ | $31,869,877 | $7,026,003 |
Cec Stuyvesant Cove Inc Long Island City, NY | $4,789,679 | $6,047,317 |
Wildlife Management Institute Inc Cabot, VT | $3,841,271 | $5,821,824 |
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Ruffed Grouse Society Pittsburgh, PA | $13,438,836 | $6,572,928 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |