Mission Investors Exchange Inc
- Assets
- $5.4m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-5593271
Organization Overview
Mission Investors Exchange Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Mission Investors Exchange Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Investors Exchange 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 12/2021, Mission Investors Exchange Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 74.4% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAININGS, NATIONAL CONFERENCE, WORKING GROUPS - MIE ORGANIZES EDUCATIONAL PROGRAMMING SUCH AS TRAININGS, WEBINARS, PEER-TO-PEER LEARNING OPPORTUNITIES, AND A BIANNUAL CONFERENCE.
WEB PLATFORM, MEMBER SERVICES, COMMUNICATIONS - MIE WORKS WITH PHILANTHROPIC LEADERS AND PRACTITIONERS TO ACCELERATE THE USE OF MISSION INVESTMENTS BY PROVIDING A ROBUST PLATFORM BOTH IN PERSON AND VIRTUALLY FOR SHARING TOOLS AND BEST PRACTICES, NETWORKING, AND DETERMINING AREAS OF INTEREST.
RESEARCH - MIE GATHERS AND PRODUCES CONTENT ON IMPACT INVESTING PRACTICES FOR ITS WEBSITE AND OTHER PUBLICATIONS, AND PARTNERS WITH RESEARCH PROFESSIONALS TO HELP PRODUCE RESEARCH TO FURTHER THE IMPACT INVESTING FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Onek President & CEO | OfficerTrustee | 40 | $286,853 |
Melanie Audette Sr. Vp, Member & Partner Engagement | 40 | $147,548 | |
Rebecca Price Vp, Membership | 40 | $133,857 | |
Stuart Comstock-Gay Chair | OfficerTrustee | 0.5 | $0 |
Christine Looney Vice Chair | OfficerTrustee | 0.5 | $0 |
Kenneth Jones Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fsg Inc Consulting Services | 12/30/19 | $200,000 |
Marcum Llp Accounting & Hr Services | 12/30/19 | $127,716 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,022,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,370,209 |
| Total Program Service Revenue | $1,050,874 |
| Investment income | $3,006 |
| 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 | $3,429,214 |
| 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. | $309,310 |
| Compensation of current officers, directors, key employees. | $147,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,069,921 |
| Pension plan accruals and contributions | $18,055 |
| Other employee benefits | $95,508 |
| Payroll taxes | $100,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,392 |
| Fees for services: Accounting | $114,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $511,219 |
| Advertising and promotion | $0 |
| Office expenses | $30,492 |
| Information technology | $47,531 |
| Royalties | $0 |
| Occupancy | $21,511 |
| Travel | $3,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,623 |
| Insurance | $5,997 |
| All other expenses | $0 |
| Total functional expenses | $2,403,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,732,326 |
| Savings and temporary cash investments | $3,007,498 |
| Pledges and grants receivable | $644,500 |
| 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 | $28,618 |
| Net Land, buildings, and equipment | $29,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,686 |
| Total assets | $5,443,733 |
| Accounts payable and accrued expenses | $338,291 |
| Grants payable | $0 |
| Deferred revenue | $162,926 |
| 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 | $501,217 |
| Net assets without donor restrictions | $4,012,859 |
| Net assets with donor restrictions | $929,657 |
| 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 | $5,443,733 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Mission Investors Exchange Inc has recieved totaling $3,516,834.
| Awarding Organization | Amount |
|---|---|
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $470,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $470,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: TO SUPPORT GENERAL OPERATIONS. | $470,000 |
New Venture Fund Washington, DC PURPOSE: TECHNOLOGY AND INNOVATION | $300,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $260,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $260,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mission Investors Exchange Inc New York, NY | $5,443,733 | $3,429,214 |
Janet W Mccune Pittsburgh, PA | $8,075,163 | $998,234 |
Goodness Web Foundation Wayland, MA | $4,775,064 | $5,142,926 |
Community Inroads Inc North Andover, MA | $243,018 | $0 |
Hackett Philanthropies Foundation Shavertown, PA | $2,510,593 | $202,481 |
M&g Charitable Foundation Brooklyn, NY | $0 | $55,000 |
Ben-Abou Foundation Brooklyn, NY | $505,217 | $50,000 |
Brian And Mary Murphy Family Foundation Inc Chester, NJ | $1,108,942 | $156,341 |
Wm F Roth T-W Fbo Charities Acct No 063809900 Pittsburgh, PA | $1,185,892 | -$401 |
Talman Charitable Foundation Worcester, MA | $11,003 | $53,094 |
The Edward And Teresa Nolan Family Foundation Inc Westhampton, NY | $945,021 | $478,897 |
Latin American Studies For The Professions Inc Plattsburgh, NY | $811,121 | $25,891 |