Spring Street Climate Fund Inc
- Assets
- $315.9k
- Revenue
- $954.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Brooklyn, NY
- Founding
- Data as of
- 06/2023
- EIN
- 87-1178886
Organization Overview
Spring Street Climate Fund Inc is located in Brooklyn, NY. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 06/2023, Spring Street Climate Fund Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spring Street Climate Fund 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 06/2023, Spring Street Climate Fund Inc generated $954.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $833.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Spring Street Climate Fund Inc has awarded 22 individual grants totaling $590,640. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPRING STREET CLIMATE FUND SUPPORTS HIGH-IMPACT POLICY CAMPAIGNS THAT CAN MAKE NEW YORK A MODEL STATE FOR CLIMATE PROGRESS. WE IDENTIFY OPPORTUNITIES TO WIN SCALABLE CLIMATE SOLUTIONS AND INVEST IN THE GRASSROOTS CLIMATE CAMPAIGNS THAT CAN SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXEMPT PURPOSE OF SPRING STREET CLIMATE FUND INC. IS TO BUILD STATE-LEVEL CLIMATE POLICY THAT CAN SERVE AS A MODEL FOR OTHER STATES, FOR NATIONAL CLIMATE POLICY, AND FOR AMERICAN LEADERSHIP ON THE WORLD STAGE. TO FURTHER THIS EXEMPT PURPOSE, SPRING STREET IDENTIFIES SPECIFIC OPPORTUNITIES FOR PUBLIC POLICY CHANGES THAT WILL FIGHT CLIMATE CHANGE AND ARE MEANINGFUL AND WINNABLE, AND PARTNERS WITH GRASSROOTS AND COMMUNITY-BASED NONPROFIT ORGANIZATIONS TO WIN THESE PRIORITY CAMPAIGNS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Raskin President | Officer | 40 | $54,291 |
Tabitha Decker Chair Person | OfficerTrustee | 2 | $0 |
Nick Sifuentes Vice Chair | OfficerTrustee | 1 | $0 |
Celeste Lecompte Treasurer | OfficerTrustee | 1 | $0 |
Shuchi Talati Secretary | OfficerTrustee | 1 | $0 |
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 | $954,147 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $954,147 |
| 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 | $954,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $380,000 |
| 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. | $54,291 |
| Compensation of current officers, directors, key employees. | $13,475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $179,293 |
| Pension plan accruals and contributions | $11,541 |
| Other employee benefits | $20,438 |
| Payroll taxes | $18,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,678 |
| Fees for services: Accounting | $7,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,962 |
| Advertising and promotion | $26,348 |
| Office expenses | $8,708 |
| Information technology | $4,742 |
| Royalties | $0 |
| Occupancy | $513 |
| Travel | $3,506 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,730 |
| All other expenses | $16,888 |
| Total functional expenses | $833,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,067 |
| 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 | $315,941 |
| Accounts payable and accrued expenses | $14,843 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $14,843 |
| Net assets without donor restrictions | $301,098 |
| Net assets with donor restrictions | $0 |
| 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 | $315,941 |
Grants Awarded
Over the last fiscal year, Spring Street Climate Fund Inc has awarded $375,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK COMMUNITIES ORGANIZING FUND INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
ALLIANCE FOR A GREEN ECONOMY PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
NEW YORK PUBLIC INTEREST RESEARCH GROUP FUND INC PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
NYC ENVIRONMENTAL JUSTICE ALLIANCE PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
TRI STATE TRANSPORTATION CAMPAIGN PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
WATERFRONT ALLIANCE INC PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |