Apparel Impact Institute
- Assets
- $12.3m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Oakland, CA
- Founding
- 11/2014
- Data as of
- 12/2023
- EIN
- 45-5146805
Organization Overview
Apparel Impact Institute is located in Oakland, CA. The organization was established in 2014. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2023, Apparel Impact Institute employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apparel Impact 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, Apparel Impact Institute generated $11.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 71.7% each year . All expenses for the organization totaled $9.2m during the year ending 12/2023. 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
TO MINIMIZE THE NEGATIVE ENVIRONMENTAL IMPACT ASSOCIATED WITH THE APPAREL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WILL DRIVE TRANSFORMATIVE IMPROVEMENTS IN THE FASHION INDUSTRY THROUGH INNOVATIVE FUNDING MECHANISMS AND DEEP PARTNERSHIPS WITH INDUSTRY AND OTHER PROFESSIONAL SERVICES. THIS COLLABORATION WILL SELECT, FUND, AND SCALE HIGH-IMPACT PROJECTS THAT DRAMATICALLY AND MEASURABLY IMPROVE SUSTAINABILITY OUTCOMES OF THE APPAREL AND FOOTWEAR INDUSTRY. THE ORGANIZATION IDENTIFIES PROJECTS WITHIN THE APPAREL AND FOOTWEAR INDUSTRY THAT, WITH APPROPRIATE INVESTMENT AND RESOURCES, HAVE THE POTENTIAL TO SCALE TO MEET THE CRITICAL ENVIRONMENTAL AND SOCIAL OUTCOMES BRANDS AND CONSUMERS ARE BOTH SEEKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Fifield Board Chair | OfficerTrustee | 24 | $0 |
Devon Rothwell Treasurer | OfficerTrustee | 24 | $0 |
Amina Razvi Secretary | OfficerTrustee | 24 | $0 |
Claire Bergkamp Board Member | Trustee | 16 | $0 |
Pramit Chanda Board Member | Trustee | 16 | $0 |
Amanda Tucker Board Member | Trustee | 16 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nineteen Six Llc Management Consulting | 12/30/23 | $327,718 |
Christensen Global Stategies Llc Clean Energy Consulting And Analysis | 12/30/23 | $143,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,865,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,865,387 |
| Total Program Service Revenue | $2,474,033 |
| Investment income | $177,282 |
| 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 | $11,528,198 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,112,951 |
| 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. | $309,221 |
| Compensation of current officers, directors, key employees. | $55,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,602,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,254 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,246,881 |
| Advertising and promotion | $14,331 |
| Office expenses | $159,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,550 |
| Travel | $448,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,836 |
| Insurance | $5,990 |
| All other expenses | $0 |
| Total functional expenses | $9,157,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,003,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,527,532 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,573,648 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $221,405 |
| Other assets | $0 |
| Total assets | $12,325,936 |
| Accounts payable and accrued expenses | $2,336,608 |
| Grants payable | $0 |
| Deferred revenue | $4,494,256 |
| 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 | $6,830,864 |
| Net assets without donor restrictions | $2,370,593 |
| Net assets with donor restrictions | $3,124,479 |
| 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 | $12,325,936 |
Grants Awarded
Over the last fiscal year, Apparel Impact Institute has awarded $749,005 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRECISION DEVELOPMENT PURPOSE: ADDRESS THE INEFFICIENT USE OF NITROGEN FERTILIZER IN COTTON CULTIVATION, WHICH IS AM INA DRIVER OF GHG EMISSIONS FROM COTTONG EXTRACTION. | $499,005 |
GLOBAL EFFICIENCY INTELIGENCE PURPOSE: ALTERNATIVE ENERGY SOURCES, BEST PRACTICE POILICIES, MATRIX OF TECHNOLOGY READINESS, LOW-CARBON ENERGY SOURCE/TECHNOLOGY EVALUATION TABLE | $250,000 |