Coalition For Green Capital
- Assets
- $1.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Washington, DC
- Founding
- 01/2014
- Data as of
- 12/2022
- EIN
- 90-0868299
Organization Overview
Coalition For Green Capital, operating under the name American Green Bank Consortium, is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2022, American Green Bank Consortium employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Green Bank Consortium 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, American Green Bank Consortium generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HALT CLIMATE CHANGE BY ACCELERATING INVESTMENT IN CLEAN ENERGY TECHNOLOGIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CGC TAKES A HOLISTIC APPROACH TO CLEAN ENERGY INVESTMENT, AND HAS BUILT A TRACK RECORD OF HANDS-ON EXPERTISE THAT REMAINS UNIQUE AMONG BOTH NON-PROFIT INSTITUTIONS AND FOR-PROFIT CONSULTANTS. A FEW KEY PRINCIPLES UNDERLIE CGC'S APPROACH TO ESTABLISHING NEW GREEN BANKS AND SUPPORTING THE BROADER GREEN BANK ECOSYSTEM.INCUBATE AND SUPPORT GREEN BANKSCGC CREATES NATIONAL, REGIONAL AND LOCAL GREEN BANKS THAT FINANCE CLEAN ENERGY PROJECTS IN PARTNERSHIP WITH THE PRIVATE SECTOR. CGC HAS UNIQUE EXPERTISE EVALUATING MARKETS, DESIGNING INSTITUTIONAL MODELS, DRAFTING LEGISLATION AND FORMING GREEN BANKS IN GEOGRAPHIES AROUND THE WORLD. (CONTINUE ON SCHEDULE O)RAISE AND DEPLOY CAPITALCGC PARTNERS WITH GREEN BANKS TO RAISE, ORGANIZE AND DEPLOY CAPITAL TO FINANCE CLEAN ENERGY PROJECTS AND SUPPORT GREEN BANK OPERATIONS. FROM FOUNDATIONS AND IMPACT INVESTORS TO COMMERCIAL LENDERS AND DEVELOPMENT INSTITUTIONS, CGC SEEKS TO CONNECT CAPITAL TO EMISSIONS-REDUCING PROJECTS.SPUR EXPANSION AND GROWTHCGC IS A THOUGHT LEADER, CONVENER AND FIELD CATALYST FOR GREEN BANKS. CGC SUPPORTS THE GROWTH OF A ROBUST INDUSTRY THROUGH RESEARCH, NETWORKING, EVENTS AND COMMUNICATION. THIS INCLUDES OPERATING THE AMERICAN GREEN BANK CONSORTIUM AND THE GLOBAL GREEN BANK NETWORK, TWO MEMBERSHIP ORGANIZATIONS WHICH CONVENE GREEN BANK INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reed Hundt Chief Executive Officer | OfficerTrustee | 40 | $0 |
Sue Tierney Director | Trustee | 4 | $0 |
Roger Dower Director | Trustee | 4 | $0 |
Richard Kauffman Director | Trustee | 4 | $0 |
Sharon Oster Director (left 6/23) | Trustee | 1 | $0 |
Paul DE Sa Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andrea Colnes Program Consulting | 12/30/21 | $177,332 |
38 North Solutions Llc Program Consulting | 12/30/21 | $120,594 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,466,031 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,481,531 |
| Total Program Service Revenue | $471,865 |
| 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 | $1,953,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $101,468 |
| Compensation of current officers, directors, key employees. | $20,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,911 |
| Pension plan accruals and contributions | $6,800 |
| Other employee benefits | $25,495 |
| Payroll taxes | $52,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,773 |
| Fees for services: Accounting | $54,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,210,604 |
| Advertising and promotion | $0 |
| Office expenses | $126,098 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,449 |
| Travel | $56,780 |
| 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 | $7,905 |
| All other expenses | $0 |
| Total functional expenses | $2,321,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $330,000 |
| 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 | $2,107 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,930 |
| Total assets | $1,032,134 |
| Accounts payable and accrued expenses | $481,437 |
| 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 | $481,437 |
| Net assets without donor restrictions | -$124,720 |
| Net assets with donor restrictions | $675,417 |
| 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 | $1,032,134 |
Grants Awarded
Over the last fiscal year, Coalition For Green Capital has awarded $137,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COALITION GRNCAP ACTION FUND PURPOSE: Financial Support | $125,000 |
CLEAN ENERGY & SUSTAIN ACCEL PURPOSE: Financial Support | $12,000 |