We Mean Business Coalition Inc
- Assets
- $24.1m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 17
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-4146520
Organization Overview
We Mean Business Coalition Inc is located in New York, NY. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, We Mean Business Coalition Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Mean Business Coalition Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH UNPRECEDENTED COLLABORATION, WE CATALYZE BUSINESS ACTION AND DRIVE AMBITIOUS POLICY TO HALVE EMISSIONS BY 2030 AND ACCELERATE AN INCLUSIVE TRANSITION TO A NET-ZERO ECONOMY BY 2050, AT THE LATEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND PARTNER WORKWE MEAN BUSINESS COALITION RECEIVES AND DISBURSES GRANT SUPPORT FROM OUR FUNDERS TO THE GRANTEES. THROUGHOUT THE FULL PROCESS OF GRANTING FUNDS, THE WMBC WORKS VERY CLOSELY WITH EACH STAKEHOLDER COMMUNITY TO EXECUTE THE COALITION'S STRATEGY - THE BOARD OF DIRECTORS, REGRANTS COMMITTEE, AND GRANTEES.
COMMUNICATIONSTHE WMBC COMMUNICATIONS TEAM WORKS WITH A GRANTEES TO FOCUS ON THE DELIVERY OF THE COALITION COMMUNICATIONS STRATEGY, INCLUDING SHIFTING THE NARRATIVE ON BUSINESS AND CLIMATE CHANGE TO TELL INSPIRING STORIES OF SYSTEMS CHANGE, DELIVERING POWERFUL MESSAGES FROM BUSINESS TO POLICYMAKERS TO BOLSTER CLIMATE POLICY IN PRIORITY GEOGRAPHIES, AND SUPPORTING THE STRENGTHENING OF WHAT CORPORATE CLIMATE LEADERSHIP MEANS.
POLICY THE COALITION HAS ALSO TRANSLATED PROGRESSIVE POLICY CHANGE BACK TO COMPANIES AS A CATALYST FOR INCREASING THEIR OWN LEVEL OF AMBITION. THUS, A VIRTUOUS CIRCLE BETWEEN ADVOCACY AND ACTION IS CREATED. IN THIS NEW CYCLE, THE COALITION WILL BROADEN ITS POLICY INFLUENCE BEYOND CLIMATE POLICY MAKERS TO FINANCE, INDUSTRY, TRANSPORT AND AGRICULTURE MINISTRIES. WHETHER PROCUREMENT OR TRADE POLICIES, INTERNATIONAL COOPERATION, STIMULUS PACKAGES OR ECONOMIC FRAMEWORKS, THE COALITION WILL SEIZE OPPORTUNITIES TO INFLUENCE POLICY RELATED TO OUR STRATEGIC PILLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Mendiluce CEO | Officer | 40 | $383,984 |
Sophie Punte Managing Director, Policy | Officer | 40 | $190,053 |
Rasmus Valanko Managing Dir Systems Transformation | Officer | 40 | $180,830 |
Kevin Hong Dir Measurement Learning, & Evaluatiation | 40 | $111,325 | |
Dr Steve Howard Chair | OfficerTrustee | 7 | $0 |
Dr Celine Herweijer Vice Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hypsos Bv Event Construction & Design | 12/30/21 | $606,716 |
Justworks Inc Payroll Services | 12/30/21 | $160,343 |
Empower Agency Limited Digital Communications Services | 12/30/21 | $148,845 |
Pixels & Pulp Llc Marketing Services | 12/30/21 | $129,869 |
Edelman Europe Holdings Bv Communications Agency | 12/30/21 | $136,167 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,828,485 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,828,485 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $31,828,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,669,367 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,230,749 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $819,973 |
| Compensation of current officers, directors, key employees. | $321,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,723,705 |
| Pension plan accruals and contributions | $4,942 |
| Other employee benefits | $311,050 |
| Payroll taxes | $167,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,047 |
| 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 | $2,145,990 |
| Advertising and promotion | $15,667 |
| Office expenses | $28,654 |
| Information technology | $76,461 |
| Royalties | $0 |
| Occupancy | $13,549 |
| Travel | $149,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $338,849 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,462 |
| All other expenses | $0 |
| Total functional expenses | $16,865,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,902,372 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,436,069 |
| 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 | $201,789 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $543,811 |
| Total assets | $24,084,041 |
| Accounts payable and accrued expenses | $1,021,386 |
| Grants payable | $50,000 |
| Deferred revenue | $8,049,334 |
| 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 | $9,120,720 |
| Net assets without donor restrictions | $1,369,763 |
| Net assets with donor restrictions | $13,593,558 |
| 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 | $24,084,041 |
Grants Awarded
Over the last fiscal year, We Mean Business Coalition Inc has awarded $3,669,367 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CLIMATE CHANGE | $942,667 |
Bayside, NY PURPOSE: CLIMATE | $848,000 |
Boston, MA PURPOSE: CLIMATE CHANGE | $699,200 |
San Francisco, CA PURPOSE: CLIMATE CHANGE | $548,500 |
New York, NY PURPOSE: CLIMATE CHANGE | $521,000 |
PURPOSE: CLIMATE CHANGE | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that We Mean Business Coalition Inc has recieved totaling $900,459.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $900,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Mountain Club Boston, MA | $209,341,771 | $39,035,407 |
Cdp North America Inc New York, NY | $33,043,858 | $35,828,788 |
We Mean Business Coalition Inc New York, NY | $24,084,041 | $31,828,485 |
Shelburne Farms Shelburne, VT | $67,255,924 | $17,576,538 |
Kipp North Philadelphia Charter School Philadelphia, PA | $2,355,125 | $6,700,901 |
New York City Outward Bound Center Inc Long Island City, NY | $12,099,741 | $5,496,519 |
Thompson Island Outward Bound Education Center Inc Boston, MA | $13,376,568 | $5,176,529 |
Climate Jobs National Resource Center Inc New York, NY | $4,647,680 | $5,515,111 |
Coalition For Rainforest Nations Secretariat New York, NY | $10,118,420 | $9,603,902 |
Adirondack Mountain Club Inc Queensbury, NY | $6,654,615 | $4,843,206 |
Boston Harbor Now Inc Boston, MA | $4,066,521 | $5,208,606 |
Watershed Institute Inc Pennington, NJ | $35,108,779 | $7,070,996 |