Toniic Institute
- Assets
- $2.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 16
- Location
- San Francisco, CA
- Founding
- 08/2015
- Data as of
- 12/2023
- 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 12/2023, Toniic Institute employed 16 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 12/2023, Toniic Institute generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 13.9% per year over the past 8 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
2023
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 2023, TONIIC SERVED APPROXIMATELY 270 MEMBER ACCOUNTS ACROSS 30 COUNTRIES. TONIIC MEMBERS INCLUDE INDIVIDUAL INVESTORS, FOUNDATIONS, AND FAMILY OFFICES. MEMBERS ARE ACTIVE IMPACT INVESTORS, AND MANY ARE THOUGHT LEADERS. TONIIC FACILITATED 191 GLOBAL CALLS, WEBINARS, AND EVENTS WITH MORE THAN 3,136 ATTENDEES TO PROMOTE IMPACT INVESTING AND ADDRESS CHALLENGES FACED BY MEMBERS AND THE FIELD 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: T100 IS TONIIC'S LONGITUDINAL STUDY OF THE PRACTICES AND PORTFOLIOS OF COMMITTED IMPACT INVESTORS. THE T100 PROJECT AIMS TO CONTRIBUTE TO A NEW PARADIGM OF THE FINANCIAL SYSTEM WHICH PRIORITIZES SOCIAL AND ENVIRONMENTAL IMPACTS ALONGSIDE FINANCIAL RETURNS. MANY TRADITIONAL INVESTORS AND ADVISORS SEE IMPACT INVESTING AS FRINGE OR NICHE, DISGUISED PHILANTHROPY, OR LACKING IN RIGOR. T100 PROVES OTHERWISE. IT GIVES IMPACT INVESTORS THE EVIDENCE, INSPIRATION, AND TOOLS THEY NEED TO GET STARTED.
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 2023, WE EXECUTED A RESEARCH PROJECT FOCUSED ON STRUCTURING REVENUE-BASED FINANCING INVESTMENTS WORLDWIDE BY HIGHLIGHTING SPECIFIC INVESTMENT STRUCTURES USED IN DIFFERENT COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Bendell CEO & Director | OfficerTrustee | 40 | $234,582 |
Robynn Steffen Chair (thru 07/23) | OfficerTrustee | 2 | $0 |
Alexandra Korijn Vice Chair (thru 03/23) | OfficerTrustee | 1 | $0 |
Alison Fort Secretary | OfficerTrustee | 1 | $0 |
Simon Pickard Treasurer | OfficerTrustee | 1 | $0 |
Cynthia Muller Audit Committee Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cindy Ko Contractor Serving As Head Of Asia-pacif | 12/30/23 | $124,375 |
Sutro Li Accounting & Bookkeeping | 12/30/23 | $113,400 |
Nathalie Nebelius Professional Service | 12/30/23 | $101,885 |
Kristin Siegel Contractor Serving As Head Of Emea | 12/30/23 | $104,493 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,099,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,427 |
| Noncash contributions included in lines 1a–1f | $30,656 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,403,477 |
| Total Program Service Revenue | $1,458,871 |
| Investment income | $44,434 |
| 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 | $2,906,782 |
| 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. | $361,188 |
| Compensation of current officers, directors, key employees. | $52,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,106,766 |
| Pension plan accruals and contributions | $14,254 |
| Other employee benefits | $106,293 |
| Payroll taxes | $105,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $141,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $581,291 |
| Advertising and promotion | $1,647 |
| Office expenses | $110,763 |
| Information technology | $167,835 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,392 |
| Interest | $4,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,910 |
| All other expenses | $0 |
| Total functional expenses | $3,054,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,148,238 |
| Savings and temporary cash investments | $152,240 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $198,405 |
| 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 | $38,912 |
| 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 | $2,687,795 |
| Accounts payable and accrued expenses | $181,348 |
| Grants payable | $0 |
| Deferred revenue | $464,697 |
| 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 | $145,431 |
| Other liabilities | $0 |
| Total liabilities | $791,476 |
| Net assets without donor restrictions | $1,744,834 |
| Net assets with donor restrictions | $151,485 |
| 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 | $2,687,795 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ubi Charitable Inc San Francisco, CA | $1,693,258 | $104,327 |
Toniic Institute San Francisco, CA | $2,687,795 | $2,906,782 |
Policy & Innovation Center San Diego, CA | $6,125,887 | $1,673,112 |
Cause Reports Inc Los Angeles, CA | $41,171 | $400,000 |
Csp North America Inc Carmel, CA | $140,073 | $291,286 |
Pnk Inc Berkeley, CA | $59,677 | $75,816 |