Sustainable Markets Foundation
- Assets
- $44.2m
- Revenue
- $39.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2002
- Data as of
- 08/2023
- 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 08/2023, Sustainable Markets Foundation generated $39.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $30.6m during the year ending 08/2023. While expenses have increased by 14.7% 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, Sustainable Markets Foundation has awarded 481 individual grants totaling $43,544,548. 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
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.
ENVIRONMENTAL CONSERVATION - A PROGRAM TO RESEARCH, AND EDUCATE THE PUBLIC ON, THE IMPORTANCE OF PROTECTING THE ENVIRONMENT, CONSERVING NATURAL RESOURCES, RECYCLING, AND PRESERVATION OF CLEAN AIR, WATER, AND NATURAL ECOSYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hitchcock President | OfficerTrustee | 1 | $0 |
Stephen Kleinberg Treasurer | OfficerTrustee | 1 | $0 |
John Richard Vice President | OfficerTrustee | 1 | $0 |
Jay R Halfon Dir Gen Counl Director | Officer | 32 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Our Next Economy Llc Project Coordination | 8/30/23 | $5,050,000 |
Opayak Llc Program Management | 8/30/23 | $428,485 |
Survival Media Agency Llc Video & Film Production | 8/30/23 | $300,466 |
Cremerius & Company Llc Program Management | 8/30/23 | $264,361 |
Chateauform Event Management | 8/30/23 | $254,007 |
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 | $38,070,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,070,926 |
| Total Program Service Revenue | $0 |
| Investment income | $1,086,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,210,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,188,538 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,284,556 |
| 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 | $288,803 |
| Fees for services: Accounting | $229,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,901 |
| Office expenses | $33,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,972 |
| Travel | $663,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $936 |
| Insurance | $8,805 |
| All other expenses | $8,643,750 |
| Total functional expenses | $30,565,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $498,645 |
| Savings and temporary cash investments | $13,881,820 |
| Pledges and grants receivable | $582,110 |
| 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 | $405,029 |
| Net Land, buildings, and equipment | $3,277 |
| Investments—publicly traded securities | $28,695,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,000 |
| Total assets | $44,167,374 |
| Accounts payable and accrued expenses | $1,619,122 |
| 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 | $1,619,122 |
| Net assets without donor restrictions | $6,623,855 |
| Net assets with donor restrictions | $35,924,397 |
| 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 | $44,167,374 |
Grants Awarded
Over the last fiscal year, Sustainable Markets Foundation has awarded $7,182,435 in support to 86 organizations.
| Grant Recipient | Amount |
|---|---|
350 CHICAGO PURPOSE: CLEAN ENERGY AND JUST TRANSITION | $23,300 |
350 BAY AREA PURPOSE: Clean Energy and Just Transition | $131,750 |
350 COLORADO PURPOSE: Clean Energy and Just Transition | $21,750 |
350 NEW HAMPSHIRE PURPOSE: Clean Energy and Just Transition | $32,784 |
350 WISCONSIN INC PURPOSE: Clean Energy and Just Transition | $13,750 |
ACTION CTR RACE & ECON INST PURPOSE: Clean Energy and Just Transition | $8,600 |