Rare Inc
- Assets
- $47.2m
- Revenue
- $37.6m
- Investments
- $0.0
- Employees
- 105
- Location
- Arlington, VA
- Founding
- 09/1985
- Data as of
- 09/2021
- EIN
- 23-7380563
Organization Overview
Rare Inc is located in Arlington, VA. The organization was established in 1985. As of 09/2021, Rare Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rare 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 09/2021, Rare Inc generated $37.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $28.3m during the year ending 09/2021. While expenses have increased by 3.1% 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, Rare Inc has awarded 21 individual grants totaling $1,960,883. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RARE INSPIRES CHANGE SO PEOPLE AND NATURE THRIVE.
Describe the Organization's Program Activity:
RARE'S FISH FOREVER PROGRAM IS A GLOBAL LEADER IN REDUCING COASTAL OVERFISHING AND REVITALIZING COASTAL FISHERIES. THROUGH A GLOBAL NETWORK OF 100 STAFF AND OVER 150 LOCAL PARTNERS, FISH FOREVER MOBILIZES AND STRENGTHENS COMMUNITY-LED MANAGEMENT OF COASTAL FISHERIES. THROUGH A REPLICABLE MODEL ROOTED IN BEHAVIORAL SCIENCE, FISH FOREVER PROMOTES RESPONSIBLE FISHING BEHAVIOR AMONG LOCAL FISHERS.
ROOTED IN BEHAVIORAL SCIENCE, RARE'S US CLIMATE CHANGE PROGRAM EMPOWERS AMERICANS TO MEANINGFULLY CONTRIBUTE TO REDUCING EMISSIONS BY SHIFTING THEIR INDIVIDUAL BEHAVIOR AND CREATING A CRITICAL MASS IN SUPPORT OF LARGE SCALE, SYSTEMIC CHANGE. THE PROGRAM IS DESIGNED TO ENGAGE AMERICANS AT WORK, ON THEIR MOBILE DEVICES, IN THEIR ENTERTAINMENT STREAMS, AND IN THEIR COMMUNITIES AROUND HOW THEY EAT, TRAVEL, AND CONSUME ENERGY.
THE INNOVATIVE FINANCE INITIATIVE OF RARE'S FISH FOREVER PROGRAM EMPOWERS COASTAL COMMUNITIES TO CAPTURE THE BENEFITS FROM EFFECTIVE COASTAL FISHERIES MANAGEMENT AND BUILD THEIR FINANCIAL RESILIENCE TO CRISES AND SHOCKS. WE IDENTIFY AND BREAK DOWN BARRIERS FOR FISHER HOUSEHOLDS AND COMMUNITY-BASED BUSINESSES TO ACCESS FORMAL FINANCIAL SERVICES, SOCIAL SAFEGUARDS, AND LEGAL PROTECTIONS. WE WORK TO STRENGTHEN THE COASTAL FISHERIES' VALUE CHAIN AND THE RELATIVE SHARE THAT FISHERS CAN CAPTURE FROM IT. OUR GOAL IS TO INCREASE FINANCING DIRECTED TO SUSTAINABLE FISHERIES MANAGEMENT AND THE BLUE ECONOMY.
CENTER FOR BEHAVIOR AND THE ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Jenks President And CEO | OfficerTrustee | 40 | $443,283 |
Dale Galvin Former Managing Dir (until 9/20) | 40 | $285,342 | |
Karen Ziffer Chief Development Officer | Officer | 40 | $272,097 |
Niels Crone Chief Operating Officer | Officer | 40 | $261,633 |
Paula Caballero Managing Director | Officer | 40 | $241,207 |
Stephen Box Managing Director | Officer | 40 | $225,986 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deliberate Capital Meloy Fund L.p. Management Services | 9/29/21 | $1,451,868 |
Renee Baiorunos Strategic Planning And Chief Of Staff | 9/29/21 | $184,545 |
Kito Global Legal Fees For Establishing New Entities | 9/29/21 | $162,000 |
Little Universe Develop Carbon Counts Application | 9/29/21 | $135,450 |
Peter Kennedy Contractor For Meloy Fund Investment Act | 9/29/21 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,688,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,612,753 |
| Noncash contributions included in lines 1a–1f | $67,474 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,301,044 |
| Total Program Service Revenue | $918,826 |
| Investment income | $101,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$115,047 |
| Net Gain/Loss on Asset Sales | $27,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,625,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,527 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $360,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,938,996 |
| Compensation of current officers, directors, key employees. | $486,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,337,304 |
| Pension plan accruals and contributions | $684,283 |
| Other employee benefits | $3,486,518 |
| Payroll taxes | $994,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $726,011 |
| Fees for services: Accounting | $189,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,468,766 |
| Fees for services: Other | $3,428,474 |
| Advertising and promotion | $136,172 |
| Office expenses | $476,536 |
| Information technology | $1,040,416 |
| Royalties | $0 |
| Occupancy | $1,137,837 |
| Travel | $479,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,057,603 |
| Interest | $16,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,718 |
| Insurance | $97,783 |
| All other expenses | $0 |
| Total functional expenses | $28,280,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,885,854 |
| Savings and temporary cash investments | $9,495,696 |
| Pledges and grants receivable | $19,214,153 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $382,907 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $345,157 |
| Net Land, buildings, and equipment | $48,178 |
| Investments—publicly traded securities | $9,343,811 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,456,955 |
| Total assets | $47,172,711 |
| Accounts payable and accrued expenses | $3,162,347 |
| Grants payable | $0 |
| Deferred revenue | $4,329,705 |
| 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 | $1,673,982 |
| Other liabilities | $2,411,910 |
| Total liabilities | $11,577,944 |
| Net assets without donor restrictions | $13,158,802 |
| Net assets with donor restrictions | $22,435,965 |
| 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 | $47,172,711 |
Grants Awarded
Over the last fiscal year, Rare Inc has awarded $34,527 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Hilliard, OH PURPOSE: SUPPORT FOR SECORE'S CORAL RESTORATION TECHNOLOGY | $21,177 |
Greenbrae, CA PURPOSE: SUPPORTING CARBON OFFSET PROGRAMS | $8,350 |
Sebastopol, CA PURPOSE: REDUCING WATER POLLUTION THROUGH BEHAVIOR CHANGE | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rare Inc has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $200 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Spill Response Corporation Herndon, VA | $111,452,379 | $103,175,694 |
Windward Fund Washington, DC | $328,195,647 | $274,341,513 |
Wetlands America Trust Inc Memphis, TN | $183,394,800 | $123,361,647 |
Urban Land Institute Washington, DC | $92,103,819 | $79,416,255 |
Berger Action Fund Inc Washington, DC | $351,661,665 | $309,671,160 |
Paintcare Inc Washington, DC | $104,884,299 | $75,038,987 |
Mattress Recycling Council Alexandria, VA | $54,528,645 | $54,983,973 |
Ducks Unlimited Inc Memphis, TN | $0 | $54,159,225 |
Chicago Horticultural Society Glencoe, IL | $333,124,052 | $72,376,611 |
League Of Conservation Voters Education Fund Washington, DC | $22,827,325 | $54,050,067 |
International Centre For Research In Agroforestry Alexandria, VA | $56,650,550 | $47,516,870 |
Southern Rivers Energy Barnesville, GA | $129,851,300 | $45,634,427 |