501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$3.3M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $156K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.3M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $83K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10.1M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 21 voting members
Looks good: 20 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.3M
-33% vs prior year
Spent
$31.0M
To programs
82%
Net assets
$28.2M
By yearFY2020–FY2025
Revenue
$25.3M
FY2022▼ -33%
Tap a bar for its year
Revenue by fiscal year
FY2020$22.9M
FY2021$37.6M
FY2022$25.3M
FY2023$30.9M
FY2024$33.6M
FY2025$42.9M
Expenses
$31.0M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$25.2M
FY2021$28.3M
FY2022$31.0M
FY2023$32.1M
FY2024$37.2M
FY2025$38.5M
Net assets
$28.2M
FY2022▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$26.4M
FY2021$35.6M
FY2022$28.2M
FY2023$27.0M
FY2024$24.0M
FY2025$27.6M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $25.4M Management & general 9% · $2.9M Fundraising 9% · $2.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

37 people listed on the 990; $3.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and CEO
$494,928Pt VII · Sec A
Chief Development Officer
$309,096Pt VII · Sec A
Chief Operating Officer
$296,590Pt VII · Sec A
Vice President
$242,815Pt VII · Sec A
Vice President
$239,286Pt VII · Sec A
Vice President
$221,830Pt VII · Sec A
Vice President
$212,450Pt VII · Sec A
Managing Director
$200,899Pt VII · Sec A

Brett Jenks’s $597K as CEO is at the 95th percentile of top reported officer pay among 324 $10–100M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brett Jenks$597,110$561,075$547,761$494,928$443,283$470,885
Caleb McClennen$412,887$396,888$95,527———
Karen Ziffer—$389,366$347,489$309,096$272,097$292,819
Niels Crone$347,612$327,954$305,484$296,590$261,633$272,287
Dale Galvin————$285,342$330,022
Anna T Bartlett$299,205$279,105$196,234$196,002$169,802$169,810
Caryn Perrelli$290,962$279,452$253,273$239,286$209,448—
Anne Schouw$288,961—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Rare INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires change so people and nature thrive.

Questions for Rare INC

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Your first name shows with your question. Rare INC answers here, for everyone.

Provided by the organization

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3 programs · $21.5M · in their own filed words · FY2021
01

Rare's fish forever program is a global leader in reducing coastal overfishing and revitalizing coastal fisheries. Through a global network of 100 staff and over 150 local partners, fish forever mobilizes and strengthens community-led management of coastal fisheries.

$11.2Mprogram expense
02

Rooted in behavioral science, rare's us climate change program empowers americans to meaningfully contribute to reducing emissions by shifting their individual behavior and creating a critical mass in support of large scale, systemic change.

$6.5Mprogram expense
03

The innovative finance initiative of rare's fish forever program empowers coastal communities to capture the benefits from effective coastal fisheries management and build their financial resilience to crises and shocks.

$3.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$83K
See all 4 funders →
Grants paid · 27 grants · $1.7M · 2019–2024
Wildaid INCCA · FY2024$130,000
One Earth ConservationNY · FY2024$10,000
Northeastern UniversityMA · FY2024$7,155
Wildaid INCCA · FY2023$202,500
Wildaid INCCA · FY2023$202,500
Accion InternationalDC · FY2023$80,000
Accion InternationalDC · FY2023$80,000
The Nature ConservancyVA · FY2023$51,872
The Nature ConservancyVA · FY2023$51,872
Northeastern UniversityMA · FY2023$34,256
Northeastern UniversityMA · FY2023$34,256
The Nature ConservancyVA · FY2022$85,639
Wildaid INCCA · FY2022$37,500
Blue Source LLCFY2022$21,750
Everland LLCFY2022$9,600
Precision Development INCMA · FY2021$136,133
See all 27 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$25.3M
Ln 12
Gifts and grantsLn 1h$23.9M
Other incomeLn 4–11$695K
Fees for servicesLn 2g$479K
Money outPt IX
$31.0M
Ln 25
Programscol B$25.4M
Managementcol C$2.9M
Fundraisingcol D$2.8M
Owns and owesPt X
$28.2M
net assets · Ln 32
Cash and savingsLn 1–2$11.2M
Total assetsLn 16$38.3M
LiabilitiesLn 26$10.1M
PeoplePt VI, VII
37
listed · VII A
PaidVII A14
Voting boardVI 1a21
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23.9M
Government grantsLn 1e$1.7M
Noncash giftsLn 1g$401K
Fees for servicesLn 2g$479K
Investment incomeLn 3$232K
Other incomeLn 4–11$695K
Gains on assetsLn 7−$16K
Total revenueLn 12$25.3M
Assets in detailPt X, end of year
CashLn 1$3.0M
SavingsLn 2$8.2M
Cash and savings togetherLn 1–2$11.2M
InvestmentsLn 11–13$8.8M
Land, buildings, equipmentLn 10c$40K
Other assetsLn 15$1.3M
Total assetsLn 16$38.3M
LiabilitiesLn 26$10.1M
Net assetsLn 32$28.2M
OperationsPt I, VI
EmployeesI 5126
VolunteersI 62,000
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$16.4M$11.2M
InvestmentsLn 11–13$9.3M$8.8M
Land, buildings, equipmentLn 10c$48K$40K
Total assetsLn 16$47.2M$38.3M
LiabilitiesLn 26$11.6M$10.1M
Net assetsLn 32$35.6M$28.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$282K$282K
Grants and assistance to foreign recipientsLn 3$813K$813K
Pay of current officers, directors and key staffLn 5$2.2M$1.1M$426K$597K
Other salaries and wagesLn 7$11.1M$9.0M$1.0M$1.0M
Pension plan contributionsLn 8$910K$750K$72K$88K
Other employee benefitsLn 9$3.3M$2.5M$372K$399K
Payroll taxesLn 10$1.1M$912K$119K$114K
Legal feesLn 11b$296K$266K$30K
Accounting feesLn 11c$163K$50K$114K
Investment management feesLn 11f$1.4M$1.4M$13K
Other fees for servicesLn 11g$4.7M$4.3M$194K$184K
Advertising and promotionLn 12$360K$360K
Office expensesLn 13$318K$258K$48K$12K
Information technologyLn 14$988K$891K$42K$55K
OccupancyLn 16$1.1M$772K$154K$165K
TravelLn 17$538K$345K$109K$84K
Conferences, conventions and meetingsLn 19$1.2M$1.1M$32K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$122K$71K$50K
Other expenses (24a–d)Ln 24$222K$93K$101K$27K
Total functional expensesLn 25$31.0M$25.4M$2.9M$2.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $42.9M$38.5M$4.3M$27.6M 990 PDF
FY2024 $33.6M$37.2M−$3.6M$24.0M 990 PDF
FY2023 $30.9M$32.1M−$1.2M$27.0M 990 PDF
FY2022 Viewing $25.3M$31.0M−$5.7M$28.2M 990 PDF
FY2021 $37.6M$28.3M$9.3M$35.6M 990 PDF
FY2020 $22.9M$25.2M−$2.3M$26.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $25,340,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,301,044$23,935,744
I-9 Program service revenuePrior year $918,826$478,555
I-10 Investment incomePrior year $129,235$231,558
I-11 Other revenuePrior year $276,308$695,075
I-12 Total revenuePrior year $37,625,413$25,340,932
I-13 Grants and similar amounts paidPrior year $394,827$1,095,302
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,442,050$18,569,543
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,444,009$11,354,523
I-18 Total expensesPrior year $28,280,886$31,019,368
I-19 Revenue less expensesPrior year $9,344,527−$5,678,436
Part VI · Governance 20 of 21 board members independent, no flags
VI-1a Voting members of the governing body21
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $25,340,932 across 10 lines filed
VIII-1e Government grants$1,683,088
VIII-1f All other contributions, gifts and grants$22,252,656
VIII-1g Noncash contributions (included above)$401,392
VIII-1h Total contributions, gifts and grants$23,935,744
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $478,555$478,555
VIII-3 Investment incomeExcluded from tax $248,056$248,056
VIII-6 Net rental income or lossExcluded from tax −$175,076−$175,076
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$16,498−$16,498
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $867,660 · Excluded from tax $2,491$870,151
VIII-12 Total revenueRelated to mission $478,555 · Unrelated business $867,660 · Excluded from tax $58,973$25,340,932
Part IX · Statement of functional expenses $31,019,368 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $282,032$282,032
IX-3 Grants and assistance to foreign recipientsPrograms $813,270$813,270
IX-5 Pay of current officers, directors and key staffPrograms $1,133,931 · Management $425,600 · Fundraising $597,097$2,156,628
IX-7 Other salaries and wagesPrograms $9,036,779 · Management $1,026,702 · Fundraising $1,010,059$11,073,540
IX-8 Pension plan contributionsPrograms $749,971 · Management $71,850 · Fundraising $88,207$910,028
IX-9 Other employee benefitsPrograms $2,514,374 · Management $372,013 · Fundraising $398,502$3,284,889
IX-10 Payroll taxesPrograms $911,734 · Management $119,003 · Fundraising $113,721$1,144,458
IX-11b Legal feesPrograms $265,650 · Management $29,962$295,612
IX-11c Accounting feesPrograms $49,836 · Management $113,533$163,369
IX-11f Investment management feesPrograms $1,361,625 · Management $13,013$1,374,638
IX-11g Other fees for servicesPrograms $4,315,308 · Management $193,993 · Fundraising $183,738$4,693,039
IX-12 Advertising and promotionPrograms $360,438$360,438
IX-13 Office expensesPrograms $258,224 · Management $47,632 · Fundraising $12,401$318,257
IX-14 Information technologyPrograms $890,832 · Management $42,384 · Fundraising $54,598$987,814
IX-16 OccupancyPrograms $771,902 · Management $153,872 · Fundraising $164,950$1,090,724
IX-17 TravelPrograms $345,409 · Management $108,523 · Fundraising $83,636$537,568
IX-19 Conferences, conventions and meetingsPrograms $1,134,689 · Fundraising $32,455$1,167,144
IX-22 Depreciation, depletion and amortizationManagement $22,173$22,173
IX-23 InsurancePrograms $71,488 · Management $50,465$121,953
IX-24 Other expenses (24a–d)Programs $93,253 · Management $101,166 · Fundraising $27,375$221,794
IX-25 Total functional expensesPrograms $25,360,745 · Management $2,891,884 · Fundraising $2,766,739$31,019,368
Part X · Balance sheet $38,323,972 assets, 17 lines filed
Asset lines not itemized here account for $228,619; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,885,854$3,032,556
X-2 Savings and temporary cash investmentsStart of year $9,495,696$8,211,000
X-3 Pledges and grants receivableStart of year $19,214,153$15,693,306
X-9 Prepaid expenses and deferred chargesStart of year $345,157$1,001,804
X-10c Land, buildings and equipment, netStart of year $48,178$39,938
X-11 Publicly traded securitiesStart of year $9,343,811$8,782,745
X-15 Other assetsStart of year $1,456,955$1,334,004
X-16 Total assetsStart of year $47,172,711$38,323,972
X-17 Accounts payable and accrued expensesStart of year $3,162,347$3,530,005
X-19 Deferred revenueStart of year $4,329,705$4,433,527
X-24 Unsecured notes and loans payableStart of year $1,673,982$0
X-25 Other liabilitiesStart of year $2,411,910$2,111,111
X-26 Total liabilitiesStart of year $11,577,944$10,074,643
X-27 Net assets without donor restrictionsStart of year $13,158,802$11,938,258
X-28 Net assets with donor restrictionsStart of year $22,435,965$16,311,071
X-32 Total net assets or fund balancesStart of year $35,594,767$28,249,329
X-33 Total liabilities and net assetsStart of year $47,172,711$38,323,972
Part XI · Reconciliation of net assets $28,249,329 net assets at year end
XI-1 Total revenue$25,340,932
XI-2 Total expenses$31,019,368
XI-3 Revenue less expenses−$5,678,436
XI-4 Net assets at start of year$35,594,767
XI-5 Net unrealized gains (losses) on investments−$684,978
XI-9 Other changes in net assets−$982,024
XI-10 Net assets at end of year$28,249,329

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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