Element 8 EIN 26-0796304

Element 8 FY2023 filing

EIN  26-0796304 Business league / trade association Bellevue, WA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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 · $89K
Money in and out
$382K revenue, $346K expenses
Bottom line
+9% operating surplus

Helps cleantech businesses grow to speed up the transition to a cleaner future. For fiscal year 2023 it reported $382K in revenue, $346K in expenses, and $160K in net assets.Pt I

Membership & operating revenue · FY2023
Total revenue
$382K
Pt VIII · Ln 12
Total expenses
$346K
Pt IX · Ln 25
Net assets
$160K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $36K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Operating surplus
+9%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
60%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$382K
FY2023▼ -1%
Expenses
$346K
FY2023▼ -10%
Total assets
$167K
FY2023▲ +30%
Total liabilities
$7K
FY2023▲ +37%
Total revenue
$382K
Pt VIII · Ln 12
Total expenses
$346K
Pt IX · Ln 25
Net assets
$160K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$36K
Total assetsPt X · Ln 16$167K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $301K of program spending, described in the organization's own filed words · FY2023.
01

Facilitated more than $5 million in investments in 31 companies in the climatetech sector, including technologies across renewable energy, water, built environment, energy storage, amongst other sectors.

$150Kprogram expense
02

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.

$90Kprogram expense
03

Faciliated $300,000 in philanthropic impact investing via our partnership with realize impact (DECARBON8 effort) focused on the built environment in 2023 and over $600,000 in direct investing from individuals and foundations.

$60Kprogram 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 1a13
Independent voting membersPt VI · Ln 1b13
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
$89,334Pt VII · Sec A
Treasurer
$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
Secretary
$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%$382K
Investment income$38
— government grantsLn 1e$66K
Total revenueLn 12$382K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$301K
Management & general13%$45K
Total functional expensesLn 25$346K

Balance Sheet

Part X · end of year
CashLn 1$165K
Total assetsLn 16$167K
Total liabilitiesLn 26$7K
Total net assetsLn 32$160K
Months of cash on handcomputed5.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $165K · Operating expenses/yr $346K
5.7 months
Where the money goes
Program services
Program services $301K · Total expenses $346K
87%
Management & General
Management & general $45K · Total expenses $346K
13%
Fundraising
Fundraising $0 · Total expenses $346K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $301K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $382K · Total revenue $382K
100%
Government reliance
Government grants $66K · Total revenue $382K
17%
Earned-income share
Program service revenue $0 · Total revenue $382K
0%
Investment reliance
Investment income $38 · Total revenue $382K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $346K
0%
Growth & trend
Revenue growth (YoY)
This year $382K · Prior year $386K
-1%
Net-asset trend (YoY)
End of year $160K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $382K · Expenses $346K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $167K
Net-asset ratio
Net assets $160K · Total assets $167K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $167K
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 $89K · Total expenses $346K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $208K · Total expenses $346K
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth -1%
Legal fee ratio 1%
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 · ⤓ 990 PDF
FY2023$382K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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