Element 8 EIN 26-0796304

Element 8

EIN  26-0796304 Business league / trade association Bellevue, WA
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Size
$100K–1M
What they do
Helps cleantech businesses grow to speed up the transition to a cleaner future.
Leadership
Karin E Kidder · Executive Director · $130K
Money in and out
$403K revenue, $269K expenses
Bottom line
+33% operating surplus

Helps cleantech businesses grow to speed up the transition to a cleaner future. For fiscal year 2024 it reported $403K in revenue, $269K in expenses, and $294K in net assets.Pt I

Membership & operating revenue · FY2024
Total revenue
$403K
Pt VIII · Ln 12
Total expenses
$269K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $134K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Operating surplus
+33%
revenue over expenses▲ +252% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
77%
of spending is salaries & benefits▲ +28% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$403K
FY2024▲ +5%
Expenses
$269K
FY2024▼ -22%
Total assets
$302K
FY2024▲ +81%
Total liabilities
$7K
FY2024▲ +9%
Total revenue
$403K
Pt VIII · Ln 12
Total expenses
$269K
Pt IX · Ln 25
Net assets
$294K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$134K
Total assetsPt X · Ln 16$302K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $253K of program spending, described in the organization's own filed words · FY2024.
01

Build community and knowledge with E8'S impact investor membership, continuing to expand throughout the united states and beyond. Stewardship including monthly meetings to review early stage climatetech deals, educational programming and networking events.

$114Kprogram expense
02

Facilitated more than $4 million in investments in 32 companies in the climatetech sector, including technologies across renewable energy, water, built environment, energy storage, amongst other sectors.

$89Kprogram expense
03

Faciliated $480,000 in philanthropic impact investing via our partnership with realize impact (DECARBON8 effort) focused on renewable energy in 2024 and over $380,000 in direct investing from individuals and foundations.

$51Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CElement 8
EINHdr · item D26-0796304
Principal addressHdr · item CBellevue, WA
WebsiteHdr · item Jwww.e8angels.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFNov 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$130,300Pt VII · Sec A
Vice President & Co-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President & Co-Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Karin E Kidder’s $130K as Executive Director is at the 86th percentile of top reported officer pay among 1710 $100K–1M community development 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Karin E Kidder$130,300$89,334
Michael H Rea$124,000$129,000$114,000
Molly Shor$13,000

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$403K
Investment income$813
Total revenueLn 12$403K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$253K
Management & general6%$15K
Total functional expensesLn 25$269K

Balance Sheet

Part X · end of year
CashLn 1$302K
Total assetsLn 16$302K
Total liabilitiesLn 26$7K
Total net assetsLn 32$294K
Months of cash on handcomputed13.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $302K · Operating expenses/yr $269K
13.5 months
Where the money goes
Program services
Program services $253K · Total expenses $269K
94%
Management & General
Management & general $15K · Total expenses $269K
6%
Fundraising
Fundraising $0 · Total expenses $269K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $348K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $403K · Total revenue $403K
100%
Government reliance
Government grants — · Total revenue $403K
Earned-income share
Program service revenue $0 · Total revenue $403K
0%
Investment reliance
Investment income $813 · Total revenue $403K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $269K
0%
Growth & trend
Revenue growth (YoY)
This year $403K · Prior year $382K
+5%
Revenue CAGR
FY2020 $282K · FY2024 $403K
+9%
Net-asset trend (YoY)
End of year $294K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $403K · Expenses $269K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $302K
Net-asset ratio
Net assets $294K · Total assets $302K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $302K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karin E Kidder · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $130K · Total expenses $269K
49%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $207K · Total expenses $269K
77%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 5%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$403K revenue · viewing · ⤓ 990 PDF
FY2023$382K revenue · ⤓ 990 PDF
FY2022$386K revenue · ⤓ 990 PDF
FY2021$263K revenue · ⤓ 990 PDF
FY2020$282K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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