Toniic Institute
- Assets
- $2.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 13
- Location
- San Francisco, CA
- Founding
- 08/2015
- Data as of
- 12/2021
- EIN
- 46-4355039
Organization Overview
Toniic Institute is located in San Francisco, CA. The organization was established in 2015. According to its NTEE Classification (T05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Toniic Institute employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toniic 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 12/2021, Toniic Institute generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 14.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE, RESEARCH, ADVOCATE AND PROVIDE OPPORTUNITIES IN THE FIELD OF IMPACT INVESTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES: IN 2021, TONIIC SERVED APPROXIMATELY 276 MEMBER ACCOUNTS ACROSS 30 COUNTRIES. TONIIC MEMBERS INCLUDE INDIVIDUAL INVESTORS, FOUNDATIONS, AND FAMILY OFFICES. MEMBERS ARE ACTIVE IMPACT INVESTORS, AND MANY ARE THOUGHT LEADERS IN THE FIELD. TONIIC FACILITATED 243 GLOBAL CALLS AND WEBINARS WITH MORE THAN 2,800 ATTENDEES TO PROMOTE IMPACT INVESTING AND ADDRESS CHALLENGES THAT MEMBERS AND THE FIELD ARE FACING IN CAPITAL DEPLOYMENT. SOME OF OUR EVENTS ARE MEMBERS-ONLY AND SOME ARE OPEN TO THE PUBLIC. ACROSS ALL EVENTS, A SMALL PERCENTAGE OF ATTENDEES ARE NON-MEMBER GUESTS.
T100: THE T100 PROJECT IS A LONGITUDINAL, FREE-TO-THE-PUBLIC STUDY OF THE PROGRESS OF DEDICATED IMPACT INVESTORS TOWARDS FULL DEPLOYMENT. TONIIC PUBLISHES PERIODIC REPORTS ANALYZING COLLECTED DATA AND SHARES ANONYMIZED DATA WITH AN ACADEMIC RESEARCH CONSORTIUM LED BY THE CENTER FOR SUSTAINABLE PRIVATE WEALTH AT THE UNIVERSITY OF ZURICH. AS PART OF THE T100 PROJECT, TONIIC LAUNCHED TRACER, AN IMPACT PORTFOLIO MANAGEMENT PLATFORM DESIGNED TO FACILITATE DATA COLLECTION FOR THE T100 PROJECT. TRACER SERVES BOTH INVESTORS, WHO CAN USE THE INVESTOR PORTAL TO ENTER, AND VIEW AGGREGATED FINANCIAL AND IMPACT METRICS AT THE PORTFOLIO LEVEL, AND ISSUERS (FUNDS AND ENTERPRISES), WHO CAN USE THE ISSUER PORTAL TO ENTER IMPACT DATA AND RECEIVE AN AUTOMATED MINI-IMPACT REPORT. TONIIC CONTINUED TO SUPPORT THE ACADEMIC RESEARCH CONSORTIUM WITH DATA FOR ACADEMIC RESEARCH PAPERS TO BE PUBLISHED IN INTERNATIONAL PEER REVIEWED JOURNALS.
IMPACT TERMS: IMPACT TERMS OFFERS A CURATED LIBRARY OF INNOVATIONS IN IMPACT INVESTING TERMS AND STRUCTURES, FREELY AVAILABLE TO ENTREPRENEURS, INVESTORS, AND IMPACT PROFESSIONALS. IN 2021 WE ADDED SIGNIFICANT NEW CONTENT AREAS, INCLUDING THE EMERGENCE OF NEW CAPITAL PROVIDERS, GUIDE TO PROGRAM RELATED INVESTMENTS AND CARRIED INTEREST BY VERIFIED IMPACT CALCULATIONS, STEWARD OWNERSHIP, AND TACTICS AND IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Bendell CEO & Director | OfficerTrustee | 40 | $263,276 |
Rachel Parkel Executive Vice President | Officer | 40 | $160,433 |
Dipti Pratt Co-Head Of Americas | 40 | $130,625 | |
Dario Gabriele Parziale Director Of Investment Research | 40 | $126,150 | |
Stephanie Trager Director Of Programming | 40 | $108,221 | |
Sean Chiasson Fin & Acct Manag (started 6/24/20) | Officer | 40 | $72,749 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kristin Siegel Contractor Serving As Head Of Emea | 12/30/21 | $142,311 |
Cindy Ko Contractor Serving As Head Of Asia-pacif | 12/30/21 | $125,000 |
Nathalie Nebelius Contractor Serving As Mem Eng Mgr Emea | 12/30/21 | $102,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $763,493 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $893,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,667,252 |
| Total Program Service Revenue | $1,161,062 |
| Investment income | $75 |
| 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 | $2,868,693 |
| 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. | $603,239 |
| Compensation of current officers, directors, key employees. | $83,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $974,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,943 |
| Payroll taxes | $114,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,120 |
| Fees for services: Accounting | $103,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $564,893 |
| Advertising and promotion | $33,497 |
| Office expenses | $99,703 |
| Information technology | $156,076 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,970 |
| Interest | $4,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,216 |
| All other expenses | $0 |
| Total functional expenses | $2,769,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,872,945 |
| Savings and temporary cash investments | $150,302 |
| Pledges and grants receivable | $183,000 |
| Accounts receivable, net | $164,850 |
| 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 | $14,317 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,385,414 |
| Accounts payable and accrued expenses | $169,979 |
| Grants payable | $0 |
| Deferred revenue | $259,037 |
| 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 | $430,569 |
| Other liabilities | $0 |
| Total liabilities | $859,585 |
| Net assets without donor restrictions | $1,110,611 |
| Net assets with donor restrictions | $415,218 |
| 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 | $2,385,414 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Toniic Institute has recieved totaling $2,566,785.
| Awarding Organization | Amount |
|---|---|
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $450,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $450,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $450,000 |
New Venture Fund Washington, DC PURPOSE: CAPACITY BUILDING | $300,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS FOR ITS WORK SERVING INDIVIDUALS, FAMILY OFFICES, FOUNDATIONS AND FUNDS IN ORDER TO INCREASE THE FLOW OF IMPACT-ORIENTED CAPITAL AND SERVICES TO ADDRESS GLOBAL SOCIAL AND ENVIRONMENTAL CHALLENGES. | $200,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS FOR ITS WORK SERVING INDIVIDUALS FAMILY OFFICES FOUNDATIONS AND FUNDS IN ORDER TO INCREASE THE FLOW OF IMPACT-ORIENTED CAPITAL AND SERVICES TO ADDRESS GLOBAL SOCIAL AND ENVIRONMENTAL CHALLENGES | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Giving Back Fund Inc Los Angeles, CA | $11,057,964 | $16,121,591 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |