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Element 8 FY2023 filing

Not tax-deductible

Bellevue, WA501(c)(6)Community Development EIN 26-0796304Revenue $382K in FY2023

On file with the IRSe8angels.comPo Box 895, 98009-0895 · Bellevue, WATax-exempt since Nov 2012

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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.
87¢ of each $1 spent went to programs.
$89K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$382K
-1.0% vs prior year
Spent
$346K
To programs
87%
Net assets
$160K
By yearFY2020–FY2024
Revenue
$382K
FY2023▼ -1.0%
Tap a bar for its year
Revenue by fiscal year
FY2020$282K
FY2021$263K
FY2022$386K
FY2023$382K
FY2024$403K
Expenses
$346K
FY2023▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$226K
FY2021$277K
FY2022$386K
FY2023$346K
FY2024$269K
Net assets
$160K
FY2023▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$138K
FY2021$124K
FY2022$124K
FY2023$160K
FY2024$294K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

87 cents of each dollar spent went to programs.

Program services 87% · $301K Management & general 13% · $45K

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

14 people listed on the 990; $89K paid to officers and key staff.

Part VII, Section A · reportable compensation
Karin E Kidder
Executive Director
$89,334Pt VII · Sec A
Ramalee Wulf
Treasurer
$0Pt VII · Sec A
Phil Li
Director
$0Pt VII · Sec A
Amy Bann
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Kathleen Hebert
Vice President & Co-Chair
$0Pt VII · Sec A
Mel Clark
Director
$0Pt VII · Sec A
Eric Berman
Secretary
$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.

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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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Provided by the organization

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3 programs · $301K · in their 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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$382K
Ln 12
Gifts and grantsLn 1h$382K
Investment incomeLn 3$38
Money outPt IX
$346K
Ln 25
Programscol B$301K
Managementcol C$45K
Owns and owesPt X
$160K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$167K
LiabilitiesLn 26$7K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$382K
Government grantsLn 1e$66K
Investment incomeLn 3$38
Total revenueLn 12$382K
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2K
Total assetsLn 16$167K
LiabilitiesLn 26$7K
Net assetsLn 32$160K
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 FY23End FY23
Cash and savingsLn 1–2$129K$165K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$129K$167K
LiabilitiesLn 26$5K$7K
Net assetsLn 32$124K$160K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$184K$184K
Other employee benefitsLn 9$8K$8K
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$93K$63K$31K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$1K$1K
Information technologyLn 14$2K$2K
TravelLn 17$330$330
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$18K$17K$848
All other expensesLn 24e$68$68
Total functional expensesLn 25$346K$301K$45K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $403K$269K$134K$294K 990 PDF
FY2023 Viewing $382K$346K$36K$160K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $382,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $385,904$382,173
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $8$38
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $385,912$382,211
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 $197,513$207,754
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $188,412$138,196
I-18 Total expensesPrior year $385,925$345,950
I-19 Revenue less expensesPrior year −$13$36,261
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $382,211 across 6 lines filed
VIII-1b Membership dues$158,400
VIII-1e Government grants$65,966
VIII-1f All other contributions, gifts and grants$157,807
VIII-1h Total contributions, gifts and grants$382,173
VIII-3 Investment incomeUnrelated business $38$38
VIII-12 Total revenueRelated to mission $0 · Unrelated business $38 · Excluded from tax $0$382,211
Part IX · Statement of functional expenses $345,950 across 14 lines filed
IX-7 Other salaries and wagesPrograms $184,013$184,013
IX-9 Other employee benefitsPrograms $8,163$8,163
IX-10 Payroll taxesPrograms $15,578$15,578
IX-11b Legal feesManagement $3,500$3,500
IX-11c Accounting feesManagement $6,485$6,485
IX-11g Other fees for servicesPrograms $62,906 · Management $30,510$93,416
IX-12 Advertising and promotionPrograms $3,121$3,121
IX-13 Office expensesManagement $1,321$1,321
IX-14 Information technologyPrograms $1,919$1,919
IX-17 TravelPrograms $330$330
IX-19 Conferences, conventions and meetingsPrograms $7,380$7,380
IX-23 InsuranceManagement $2,641$2,641
IX-24 Other expenses (24a–d)Programs $17,167 · Management $848$18,015
IX-24e All other expensesManagement $68$68
IX-25 Total functional expensesPrograms $300,577 · Management $45,373 · Fundraising $0$345,950
Part X · Balance sheet $166,640 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $128,590$165,140
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$1,500
X-16 Total assetsStart of year $128,590$166,640
X-25 Other liabilitiesStart of year $4,885$6,674
X-26 Total liabilitiesStart of year $4,885$6,674
X-32 Total net assets or fund balancesStart of year $123,705$159,966
X-33 Total liabilities and net assetsStart of year $128,590$166,640
Part XI · Reconciliation of net assets $159,966 net assets at year end
XI-1 Total revenue$382,211
XI-2 Total expenses$345,950
XI-3 Revenue less expenses$36,261
XI-4 Net assets at start of year$123,705
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$159,966

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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