Institute For Market Transformation Inc
- Assets
- $4.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 41
- Location
- Washington, DC
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 94-3241464
Organization Overview
Institute For Market Transformation Inc is located in Washington, DC. The organization was established in 1998. 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 12/2023, Institute For Market Transformation Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Market Transformation 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, Institute For Market Transformation Inc generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Institute For Market Transformation Inc has awarded 17 individual grants totaling $1,339,950. 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
THE MISSION OF THE INSTITUTE IS TO CATALYZE DEMAND FOR HIGH-PERFORMING BUILDINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC SECTOR ENGAGEMENT: WE ADVANCE THE DESIGN OF BUILDING PERFORMANCE POLICIES THAT EFFECTIVELY AND AFFORDABLY IMPROVE THE OPERATIONS OF BUILDINGS, CAP AND REDUCE EMISSIONS FOR ALL BUILDING TYPES AND ADDRESS COMMUNITY PRIORITIES OF EQUITY, RESILIENCY, AND PUBLIC HEALTH. IMT IS A STRATEGIC AND TECHNICAL PARTNER TO STATE, LOCAL, AND FEDERAL GOVERNMENT LEADERS AND COMMUNITY BASED ORGANIZATIONS, USING OUR EXPERTISE IN BUILDING SCIENCE, ENERGY, AND REAL ESTATE BUSINESS PRACTICES TO ADVANCE BUILDING DECARBONIZATION POLICY SOLUTIONS.
CODES AND REGULATORY ENGAGEMENT: CODES AND REGULATION FRAME THE LEGAL ENVIRONMENT IN WHICH BUILDINGS ARE CONSTRUCTED AND USED, EXERTING A LARGE INFLUENCE ON THE BUILT ENVIRONMENT AND BUILDING OPERATIONS. IMT WORKS WITH ENERGY CODE DEVELOPMENT BODIES TO INCORPORATE INCREASING EFFICIENCY, ELECTRIFICATION AND GRID INTERACTIVITY INTO NEW CODES. WE BRING TOGETHER CITIES TO MORE EFFECTIVELY PARTICIPATE IN UTILITY PROCEEDINGS AND MAKE UTILITY POLICIES AND PROGRAMS MORE SUPPORTIVE OF BUILDING PERFORMANCE STANDARDS. AND WE WORK TO OVERCOME THE STATUTORY BARRIERS THAT INHIBIT REGULATORS FROM BEING MORE SUPPORTIVE OF IMPROVING BUILDING PERFORMANCE.
PRIVATE SECTOR ENGAGEMENT: IMT'S PRIVATE SECTOR-FOCUSED WORK AIMS TO CREATE AND SCALE NEXT-GENERATION IMPLEMENTATION PRACTICES THAT ENABLE BUILDING OWNERS AND OPERATORS TO SERVE THE INTERESTS OF ALL STAKEHOLDERS (E.G., INVESTORS, OCCUPANTS, COMMUNITIES) BY DEPLOYING BUILDINGS AS ASSETS IN TRANSFORMING OUR SOCIAL, ECONOMIC, AND PHYSICAL WELL-BEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hinge Board Chair | OfficerTrustee | 2 | $0 |
Sandra Henry Board Chair-Elect | OfficerTrustee | 2 | $0 |
Akshai Rao Board Secretary | OfficerTrustee | 2 | $0 |
Bomee Jung Board Treasurer | OfficerTrustee | 2 | $0 |
Eric Walker Board Member | Trustee | 2 | $0 |
Carlton Brown Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nextant Inc Doe Azut Project Sub-recipient - Data Co | 12/30/20 | $150,148 |
Taoti Creative Consultant For Dc Hub Project, Website D | 12/30/20 | $108,963 |
Steven Winter Assoc Consultant For Dcseu And Dc Hub Projects | 12/30/20 | $123,187 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $169,415 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,926,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,095,658 |
| Total Program Service Revenue | $1,710,160 |
| Investment income | $29,100 |
| 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 | $4,838,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $432,499 |
| 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. | $576,474 |
| Compensation of current officers, directors, key employees. | $147,687 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,852,729 |
| Pension plan accruals and contributions | $65,069 |
| Other employee benefits | $232,804 |
| Payroll taxes | $263,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,066 |
| Fees for services: Accounting | $27,432 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,221,183 |
| Advertising and promotion | $0 |
| Office expenses | $38,244 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,225 |
| Travel | $104,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,879 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,246 |
| Insurance | $43,156 |
| All other expenses | $0 |
| Total functional expenses | $6,285,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $3,811,414 |
| Pledges and grants receivable | $74,838 |
| Accounts receivable, net | $404,802 |
| 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 | $70,594 |
| Net Land, buildings, and equipment | $47,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,861 |
| Total assets | $4,499,701 |
| Accounts payable and accrued expenses | $638,028 |
| 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 | $92,794 |
| Total liabilities | $730,822 |
| Net assets without donor restrictions | $3,026,592 |
| Net assets with donor restrictions | $742,287 |
| 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 | $4,499,701 |
Grants Awarded
Over the last fiscal year, Institute For Market Transformation Inc has awarded $663,950 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VERDE PURPOSE: COMMUNITY ACCOUNTABILITY BOARD COHORT WORK SUBGRANT | $13,750 |
PUBLIC HEALTH LAW CENTER PURPOSE: COUNCIL ON ENVIRONMENTAL QUALITY SUBGRANT | $200,000 |
SOCIAL & ENVIRONMENTAL ENTERPRENEURS PURPOSE: COMMUNITY CLIMATE SHIFT PROJECT SUBGRANT | $362,700 |
GRASSROOTS IMPACT EDUCATION FUND PURPOSE: COMMUNITY ACCOUNTABILITY BOARD COHORT WORK SUBGRANT | $13,750 |
GROUNDWORK DATA PURPOSE: SUSTAINABLE CITIES INITIATIVE PROJECT SUBGRANT | $10,000 |
STRATEGIC ACTIONS FOR A JUST ECONOMY PURPOSE: COMMUNITY ACCOUNTABILITY BOARD COHORT WORK AND WHITE PAPER SUBGRANT | $63,750 |