Eco-Logic Development Fund
- Assets
- $516.9k
- Revenue
- $525.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Cambridge, MA
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 25-1704582
Organization Overview
Eco-Logic Development Fund is located in Cambridge, MA. The organization was established in 1993. 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. Eco-Logic Development Fund 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 12/2021, Eco-Logic Development Fund generated $525.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $509.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER RURAL AND INDIGENOUS PEOPLE TO RESTORE AND PROTECT TROPICAL ECOSYSTEMS IN CENTRAL AMERICA AND MEXICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORK TO CONSERVE ENDANGERED WILDLIFE AND WILD LANDS BY ADVANCING COMMUNITY-BASED DEVELOPMENT TOGETHER WITH SUSTAINABLE RESOURCE MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Vallarino Exec Dir | Officer | 40 | $99,425 |
Mark Spranca Chair | OfficerTrustee | 5 | $0 |
Nicholas Shufro Vice Chair | OfficerTrustee | 5 | $0 |
Patricia Goudvis Secretary | OfficerTrustee | 5 | $0 |
F William Green MD Treasurer | OfficerTrustee | 5 | $0 |
David Bray Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,884 |
| Total Program Service Revenue | $2,992 |
| Investment income | $51 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,978 |
| 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. | $100,663 |
| Compensation of current officers, directors, key employees. | $8,053 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,059 |
| Payroll taxes | $9,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,688 |
| Advertising and promotion | $0 |
| Office expenses | $13,795 |
| Information technology | $1,025 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,266 |
| Insurance | $5,406 |
| All other expenses | $1,963 |
| Total functional expenses | $509,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,099 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $45,784 |
| 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 | $7,772 |
| Net Land, buildings, and equipment | $7,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $368,472 |
| Total assets | $516,920 |
| Accounts payable and accrued expenses | $34,199 |
| 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 | $1,615 |
| Other liabilities | $0 |
| Total liabilities | $35,814 |
| Net assets without donor restrictions | $431,071 |
| Net assets with donor restrictions | $50,035 |
| 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 | $516,920 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Eco-Logic Development Fund has recieved totaling $103,961.
| Awarding Organization | Amount |
|---|---|
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $52,711 |
Towards Sustainability Foundation Boston, MA PURPOSE: GENERAL PURPOSES | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $10,250 |
Dudley T Dougherty Foundation Inc Beeville, TX PURPOSE: GENERAL SUPPORT | $1,000 |
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 |
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 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
Audubon Society Of Rhode Island Smithfield, RI | $39,462,013 | $5,117,165 |
American Society For The Protection Of Nature Israel Inc New York, NY | $437,688 | $3,144,160 |