The organization's primary activities are to support the cleantech community in building strong businesses that will accelerate the transition to a cleaner future and a better world. In addition to participating in a variety of networking and educational events, members meet online monthly to hear innovative, early-stage cleantech companies present their investment opporunties.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
93¢ of each $1 spent went to programs.
$137K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · 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)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $42K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$137K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$386K
+47% vs prior year
Spent
$386K
To programs
93%
Net assets
$124K
By yearFY2020–FY2024
Revenue
$386K
FY2022▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$282K
FY2021$263K
FY2022$386K
FY2023$382K
FY2024$403K
Expenses
$386K
FY2022▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$226K
FY2021$277K
FY2022$386K
FY2023$346K
FY2024$269K
Net assets
$124K
FY2022-0.01%
Tap a bar for its year
Net assets by fiscal year
FY2020$138K
FY2021$124K
FY2022$124K
FY2023$160K
FY2024$294K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2012.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $360K Management & general 7% · $26K

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

15 people listed on the 990; $137K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$124,000Pt VII · Sec A
Director
$13,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Karin E Kidder’s $130K as Executive Director is at the 86th percentile of top reported officer pay among 1708 $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.

See Element 8 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 15aNo

Programs and updates

Helps cleantech businesses grow to speed up the transition to a cleaner future.

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Your first name shows with your question. Element 8 answers here, for everyone.

Provided by the organization

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3 programs · $360K · in their own filed words · FY2022
01

Facilitated more than $8.5 million in investments in 34 companies in the climatetech sector, including technologies that support electric vehicle charging (E.G. Sparkcharge), hydrogen storage (E.G. Steelhead composites), and improved greehouses and agriculture (E.G. Ubiqd).

$269Kprogram expense
02

Grew e8 impact investor membership to 135 (from 121), adding members throughout the united states and beyond. Stewardship included monthly meetings to review early stage climatetech deals, as well as educational and networking events.

$59Kprogram expense
03

Supported $600,000 in philanthropic impact investing via our DECARBON8 effort, which focused on sustainable agriculture and direct investing from foundations and funds.

$33Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$386K
Ln 12
Gifts and grantsLn 1h$386K
Investment incomeLn 3$8
Money outPt IX
$386K
Ln 25
Programscol B$360K
Managementcol C$26K
Owns and owesPt X
$124K
net assets · Ln 32
Cash and savingsLn 1–2$129K
Total assetsLn 16$129K
LiabilitiesLn 26$5K
PeoplePt VI, VII
15
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$386K
Government grantsLn 1e$61K
Investment incomeLn 3$8
Total revenueLn 12$386K
Assets in detailPt X, end of year
CashLn 1$129K
Cash and savings togetherLn 1–2$129K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$129K
LiabilitiesLn 26$5K
Net assetsLn 32$124K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$127K$129K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$127K$129K
LiabilitiesLn 26$3K$5K
Net assetsLn 32$124K$124K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$174K$174K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$944$944
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$134K$122K$13K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$1K$1K
Information technologyLn 14$2K$2K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$11K$11K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$21K$20K$872
Total functional expensesLn 25$386K$360K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $403K$269K$134K$294K 990 PDF
FY2023 $382K$346K$36K$160K 990 PDF
FY2022 Viewing $386K$386K−$13$124K 990 PDF
FY2021 $263K$277K−$14K$124K 990 PDF
FY2020 $282K$226K$56K$138K 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 O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $385,912 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $262,688$385,904
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10$8
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $262,698$385,912
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $176,621$197,513
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $100,062$188,412
I-18 Total expensesPrior year $276,683$385,925
I-19 Revenue less expensesPrior year −$13,985−$13
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $385,912 across 6 lines filed
VIII-1b Membership dues$153,850
VIII-1e Government grants$60,686
VIII-1f All other contributions, gifts and grants$171,368
VIII-1h Total contributions, gifts and grants$385,904
VIII-3 Investment incomeUnrelated business $8$8
VIII-12 Total revenueRelated to mission $0 · Unrelated business $8 · Excluded from tax $0$385,912
Part IX · Statement of functional expenses $385,925 across 13 lines filed
IX-7 Other salaries and wagesPrograms $174,159$174,159
IX-9 Other employee benefitsPrograms $6,995$6,995
IX-10 Payroll taxesPrograms $16,359$16,359
IX-11b Legal feesManagement $944$944
IX-11c Accounting feesManagement $6,921$6,921
IX-11g Other fees for servicesPrograms $121,516 · Management $12,704$134,220
IX-12 Advertising and promotionPrograms $3,686$3,686
IX-13 Office expensesManagement $1,215$1,215
IX-14 Information technologyPrograms $1,654$1,654
IX-17 TravelPrograms $4,627$4,627
IX-19 Conferences, conventions and meetingsPrograms $10,688$10,688
IX-23 InsuranceManagement $3,201$3,201
IX-24 Other expenses (24a–d)Programs $20,384 · Management $872$21,256
IX-25 Total functional expensesPrograms $360,068 · Management $25,857 · Fundraising $0$385,925
Part X · Balance sheet $128,590 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $126,691$128,590
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $126,691$128,590
X-25 Other liabilitiesStart of year $2,973$4,885
X-26 Total liabilitiesStart of year $2,973$4,885
X-32 Total net assets or fund balancesStart of year $123,718$123,705
X-33 Total liabilities and net assetsStart of year $126,691$128,590
Part XI · Reconciliation of net assets $123,705 net assets at year end
XI-1 Total revenue$385,912
XI-2 Total expenses$385,925
XI-3 Revenue less expenses−$13
XI-4 Net assets at start of year$123,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$123,705

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

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