Natural Resource Governance Institute
- Assets
- $10.2m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 20-4451390
Organization Overview
Natural Resource Governance Institute is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (Q02) the organization is classified as: Management & Technical Assistance, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Natural Resource Governance Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Natural Resource Governance Institute 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 12/2023, Natural Resource Governance Institute generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $13.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 9 years. 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
SEE PART III AND SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUST TRANSITION IN FOSSIL FUEL PRODUCING COUNTRIES: IN 2023, NRGI CONTINUED SUPPORT TO JUST TRANSITIONS IN FOSSIL-FUEL PRODUCING COUNTRIES AND EXAMINED WHAT THE ENERGY TRANSITION MEANS IN VARIOUS CONTEXTS. WE PROVIDED APPLIED RESEARCH, TOOLS, AND TECHNICAL ASSISTANCE TO INFORM DECISION-MAKING BY GOVERNMENTS AND STATE-OWNED ENTERPRISES AS THEY NAVIGATE THE TRANSITION. WE CONVENED DIALOGUES THROUGH WHICH CONTRIBUTORS CAME TO UNDERSTAND AND CO-CREATE NARRATIVES ABOUT WHAT THE ENERGY TRANSITION MEANS IN THEIR COUNTRIES. OUR RESEARCH AND EXPERIENCES FROM THESE DIALOGUES INFORMED OUR ENGAGEMENT IN GLOBAL CLIMATE CONVERSATIONS, PARTICULARLY AT COP28. WE BUILT UPON EXISTING PARTNERSHIPS AND TECHNICAL EXPERIENCE AND EXPANDED OUR WORK, INCLUDING EXAMINING THE ROLE OF RESOURCE GOVERNANCE IN THE ANDEAN AMAZON.
GOOD GOVERNANCE OF TRANSITION MINERALS: IN 2023 NRGI HELPED INFORM AND SHAPE NATIONAL, REGIONAL AND GLOBAL DIALOGUES; AGENDAS; AND STANDARDS ON TRANSITION MINERALS. WE BECAME A GO-TO PARTNER FOR GOVERNMENTS INTERESTED IN DEVELOPING ACCOUNTABILITY IN THE TRANSITION MINERAL SPACE, AND A LEADER GLOBALLY AND REGIONALLY ON ANTICORRUPTION IN TRANSITION MINERALS. OUR WORK ALSO INFORMED CONSUMER-COUNTRY POLICIES THAT AFFECT RESOURCE-PRODUCING COUNTRIES. BUILDING ON OUR REPORT "TRIPLE WIN: HOW MINING CAN BENEFIT AFRICA'S CITIZENS, THEIR ENVIRONMENT AND THE ENERGY TRANSITION," WE ENGAGED ACTIVELY WITH POLICYMAKERS AND CIVIL SOCIETY ACTORS ACROSS AFRICA ON THE STEPS NEEDED TO MAXIMIZE BENEFITS FROM TRANSITION MINERALS.
SUSTAINABLE REVENUE MANAGEMENT: IN 2023, NRGI PROVIDED RESEARCH AND ANALYSIS, CONVENING SUPPORT TO GOVERNMENTS AND CIVIL SOCIETY PARTNERS, AND TECHNICAL ASSISTANCE TO SUPPORT GOVERNMENTS TO SECURE GOOD DEALS FROM OIL, GAS AND MINING CONTRACTS AND TO ENSURE THAT REVENUES FLOWED INTO COMMUNITIES. WE ALSO CONTRIBUTED TO IMPROVED TRANSPARENCY THROUGH THE PUBLICATION OF ADDITIONAL MINING CONTRACTS ON OUR "RESOURCECONTRACTS" PLATFORM. OVER THE COURSE OF THE YEAR 115 CONTRACTS WERE ADDED TO THE "RESOURCECONTRACTS" PLATFORM, THE WORLD'S LARGEST OPEN REPOSITORY OF EXTRACTIVE INDUSTRY CONTRACTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilbert F Houngbo Chair | OfficerTrustee | 1 | $0 |
Lourdes Melgar Treasurer And Secretary | OfficerTrustee | 1 | $0 |
Ernest Aryeetey Director (until 12/23) | Trustee | 1 | $0 |
Alan Detheridge Director (until 12/23) | Trustee | 1 | $0 |
Jordan Diamond Director | Trustee | 1 | $0 |
Audrey Gaughran Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qasim Akhtar Consulting | 12/30/23 | $288,885 |
Ana C Gonzales Consulting | 12/30/23 | $187,593 |
Antonio Hill Consulting | 12/30/23 | $141,667 |
Matthieu Salomon Consulting | 12/30/23 | $131,006 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,643,908 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,045,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,689,669 |
| Total Program Service Revenue | $0 |
| Investment income | $901 |
| 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 | $10,701,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,888,358 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $684,366 |
| Compensation of current officers, directors, key employees. | $344,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,348,899 |
| Pension plan accruals and contributions | $258,880 |
| Other employee benefits | $551,629 |
| Payroll taxes | $184,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,187 |
| Fees for services: Accounting | $175,402 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,415,944 |
| Advertising and promotion | $0 |
| Office expenses | $227,770 |
| Information technology | $445,173 |
| Royalties | $0 |
| Occupancy | $320,376 |
| Travel | $395,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $523,434 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,527 |
| Insurance | $92,149 |
| All other expenses | $0 |
| Total functional expenses | $13,764,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,515,507 |
| Savings and temporary cash investments | $100,425 |
| Pledges and grants receivable | $3,351,650 |
| Accounts receivable, net | $2,673 |
| 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 | $274,591 |
| Net Land, buildings, and equipment | $286,046 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,801 |
| Other assets | $1,607,773 |
| Total assets | $10,162,466 |
| Accounts payable and accrued expenses | $541,673 |
| Grants payable | $33,763 |
| 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 | $3,887,150 |
| Total liabilities | $4,462,586 |
| Net assets without donor restrictions | $4,295,195 |
| Net assets with donor restrictions | $1,404,685 |
| 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 | $10,162,466 |
Grants Awarded
Over the last fiscal year, Natural Resource Governance Institute has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLISH WHAT YOU PAY - USA PURPOSE: TO ADVOCATE FOR SPECIFIC CLIMATE-RELATED DISCLOSURES. | $25,000 |
UNIVERSITY OF CALIFORNIA BERKELEY - CENTER FOR LAW ENERGY AND THE ENVIRON PURPOSE: FOR ADAPTATION AND DISSEMINATION OF KEY MESSAGES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Natural Resource Governance Institute New York, NY | $10,162,466 | $10,701,192 |
Blacksmith Institute Inc New York, NY | $15,738,894 | $5,230,809 |
Articlegroup Org Inc Brooklyn, NY | $2,097,428 | $2,939,659 |
Jewish Home Lifecare Community Services New York, NY | $1,776,692 | $457,338 |
International Management Development Association Palmyra, PA | $157,302 | $0 |
Life Transformation Foundation International Royersford, PA | $96,656 | $0 |
Enlightened World Foundation West Conshohocken, PA | $1,533,008 | $70,000 |
People-Oriented Cities Inc Brooklyn, NY | $71,877 | $0 |
The Nbi Foundation Inc Valhalla, NY | $0 | $0 |