We Mean Business Coalition Inc
- Assets
- $24.9m
- Revenue
- $21.5m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- 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 12/2022, We Mean Business Coalition Inc employed 20 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.
For the year ending 12/2022, We Mean Business Coalition Inc generated $21.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $20.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, We Mean Business Coalition Inc has awarded 12 individual grants totaling $7,222,334. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sir Ian Cheshire Chair | OfficerTrustee | 7 | $0 |
Dr Steve Howard Founding Chair | OfficerTrustee | 7 | $0 |
Dr Celine Herweijer Vice Chair | OfficerTrustee | 5 | $0 |
Mindy Lubber Treasurer | OfficerTrustee | 5 | $0 |
Peter Bakker Director | Trustee | 5 | $0 |
Nicolette Bartlet Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edelman Europe Holdings Bv Media Relations Services | 12/30/22 | $167,339 |
Empower Agency Limited Marketing Services | 12/30/22 | $350,959 |
Venable Llp Legal Services | 12/30/22 | $129,320 |
Tcco India Projects Pvt Ltd Systems Transformation | 12/30/22 | $105,855 |
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 | $21,504,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,504,229 |
| 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 | $21,504,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,554,763 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $7,388,138 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,125,208 |
| Compensation of current officers, directors, key employees. | $549,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,973,452 |
| Pension plan accruals and contributions | $80,335 |
| Other employee benefits | $569,871 |
| Payroll taxes | $240,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,066 |
| Fees for services: Accounting | $82,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,956,615 |
| Advertising and promotion | $294,386 |
| Office expenses | $59,160 |
| Information technology | $128,838 |
| Royalties | $0 |
| Occupancy | $79,441 |
| Travel | $383,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,281,839 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,284 |
| All other expenses | $0 |
| Total functional expenses | $20,377,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,152,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,856,673 |
| 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 | $39,084 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $885,466 |
| Total assets | $24,933,471 |
| Accounts payable and accrued expenses | $469,831 |
| Grants payable | $150,000 |
| Deferred revenue | $8,146,501 |
| 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 | $77,104 |
| Total liabilities | $8,843,436 |
| Net assets without donor restrictions | $2,755,610 |
| Net assets with donor restrictions | $13,334,425 |
| 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 | $24,933,471 |
Grants Awarded
Over the last fiscal year, We Mean Business Coalition Inc has awarded $3,552,967 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
B TEAM HEADQUARTERS INC PURPOSE: GRANT TO SUPPORT CLIMATE CHANGE PROJECT | $596,000 |
BUSINESS FOR SOCIAL RESPONSIBILITY PURPOSE: GRANT TO SUPPORT CLIMATE CHANGE PROJECT | $491,500 |
CERES INC PURPOSE: GRANT TO SUPPORT CLIMATE CHANGE PROJECT | $1,074,800 |
FUTURE STEWARDS INC PURPOSE: GRANT TO SUPPORT CLIMATE CHANGE PROJECT | $448,000 |
ROCKEFELLER PHILANTHROPY ADVISORS PURPOSE: GRANT TO SUPPORT CLIMATE CHANGE PROJECT | $942,667 |