Green Business Certification INC

Not tax-deductible

Washington, DC501(c)(6)Since 2007Community Development EIN 26-0893414Revenue $77.5M in FY2024

On file with the IRSgbci.org2101 L St Nw Ste 600, 20037-1592 · Washington, DCTax-exempt since Mar 2009

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501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 130 volunteers.
Status: IRS Pub. 78 · People: Part I, lines 5–6

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FY2024 · 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
5 of 5
filings with a surplus
Average surplus $11.0M a year · 17% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$3.1M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$91.9M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$77.5M
+35% vs prior year
Spent
$71.2M
Net assets
$57.0M
By yearFY2020–FY2024
Revenue
$77.5M
FY2024▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$93.1M
FY2021$44.3M
FY2022$48.4M
FY2023$57.6M
FY2024$77.5M
Expenses
$71.2M
FY2024▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$53.6M
FY2021$44.0M
FY2022$44.3M
FY2023$52.6M
FY2024$71.2M
Net assets
$57.0M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$40.4M
FY2021$40.6M
FY2022$44.4M
FY2023$50.6M
FY2024$57.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2009.

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

Who runs it and what they're paid

16 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$939,954Pt VII · Sec A
Chief Operating Officer
$385,801Pt VII · Sec A
Chief Products Officer
$354,801Pt VII · Sec A
Chief Growth Officer
$225,511Pt VII · Sec A
Vice President
$200,971Pt VII · Sec A
Principal Engineer
$198,177Pt VII · Sec A
Senior Director
$196,928Pt VII · Sec A
Vice President
$193,763Pt VII · Sec A

Peter Templeton’s $940K as President & CEO is at the 95th percentile of top reported officer pay among 572 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter Templeton$939,954————
Roger Platt——$388,824$366,254$366,159
Lisa Revitte$385,801————
Scot Horst—$196,094$360,884$357,180$368,876
Sarah Zaleski$354,801————
David Witek—$332,510$310,988——
Roger Limoges Thru 72922——$312,590——
Christopher Pyke——$289,085——

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 15aYes

Programs and updates

Certifies buildings that meet health and well-being standards for occupants, managing the WELL Building Standard program.

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3 programs · in their own filed words · FY2024
01

Leed Credentialing

Gbci credentials consist of competency exams and certificate programs. The exams are constructed using rigorous test development best practices to assess whether working professionals have the minimum competencies to perform their jobs.

Pt IX · col B
02

Leed Certification

Gbci administers the leed certification program, performing third-party technical reviews and verification of registered projects to determine if they have met the standards set forth by the leed green building rating system.

Pt IX · col B
03

Well

Gbci supports the delivery of iwbi's well building standard, an evidence-based standard, which sets performance requirements in ten categories: air, water, nourishment, light, fitness, comfort, mind, sound, materials, and community.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$77.5M
Ln 12
Fees for servicesLn 2g$70.3M
Other incomeLn 4–11$3.9M
Investment incomeLn 3$3.3M
Money outPt IX
$71.2M
Ln 25
Owns and owesPt X
$57.0M
net assets · Ln 32
Cash and savingsLn 1–2$84.3M
Total assetsLn 16$148.9M
LiabilitiesLn 26$91.9M
PeoplePt VI, VII
16
listed · VII A
PaidVII A10
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$70.3M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$3.9M
Gains on assetsLn 7−$93K
Total revenueLn 12$77.5M
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$84.3M
Cash and savings togetherLn 1–2$84.3M
InvestmentsLn 11–13$5.6M
Other assetsLn 15$16.5M
Total assetsLn 16$148.9M
LiabilitiesLn 26$91.9M
Net assetsLn 32$57.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6130
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$86.9M$84.3M
InvestmentsLn 11–13$5.3M$5.6M
Total assetsLn 16$105.4M$148.9M
LiabilitiesLn 26$54.8M$91.9M
Net assetsLn 32$50.6M$57.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$23.2M
Pension plan contributionsLn 8$719K
Other employee benefitsLn 9$3.7M
Payroll taxesLn 10$1.7M
Legal feesLn 11b$280K
Accounting feesLn 11c$292K
Investment management feesLn 11f$8K
Other fees for servicesLn 11g$20.7M
Advertising and promotionLn 12$117K
Office expensesLn 13$2.4M
Information technologyLn 14$4.3M
RoyaltiesLn 15$2.7M
OccupancyLn 16$531K
TravelLn 17$866K
Conferences, conventions and meetingsLn 19$672K
InterestLn 20$33K
Depreciation, depletion and amortizationLn 22$4.8M
InsuranceLn 23$211K
Other expenses (24a–d)Ln 24$4.0M
Total functional expensesLn 25$71.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $77.5M$71.2M$6.2M$57.0M 990 PDF
FY2023 $57.6M$52.6M$4.9M$50.6M 990 PDF
FY2022 $48.4M$44.3M$4.2M$44.4M 990 PDF
FY2021 $44.3M$44.0M$237K$40.6M 990 PDF
FY2020 $93.1M$53.6M$39.4M$40.4M 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $77,471,030 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $51,135,245$70,289,284
I-10 Investment incomePrior year $1,446,526$3,331,718
I-11 Other revenuePrior year $5,000,014$3,850,028
I-12 Total revenuePrior year $57,581,785$77,471,030
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 $9,745,060$29,290,576
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $42,887,610$41,945,735
I-18 Total expensesPrior year $52,632,670$71,236,311
I-19 Revenue less expensesPrior year $4,949,115$6,234,719
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $77,471,030 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $70,289,284$70,289,284
VIII-3 Investment incomeExcluded from tax $3,425,181$3,425,181
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$93,463−$93,463
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,595,135 · Excluded from tax $1,254,893$3,850,028
VIII-12 Total revenueRelated to mission $72,884,419 · Unrelated business $0 · Excluded from tax $4,586,611$77,471,030
Part IX · Statement of functional expenses $71,236,311 across 19 lines filed
IX-7 Other salaries and wages$23,213,712
IX-8 Pension plan contributions$718,965
IX-9 Other employee benefits$3,674,703
IX-10 Payroll taxes$1,683,196
IX-11b Legal fees$280,470
IX-11c Accounting fees$291,908
IX-11f Investment management fees$8,173
IX-11g Other fees for services$20,717,228
IX-12 Advertising and promotion$116,564
IX-13 Office expenses$2,446,547
IX-14 Information technology$4,271,866
IX-15 Royalties$2,684,203
IX-16 Occupancy$531,137
IX-17 Travel$865,876
IX-19 Conferences, conventions and meetings$672,160
IX-20 Interest$32,813
IX-22 Depreciation, depletion and amortization$4,824,791
IX-23 Insurance$210,538
IX-24 Other expenses (24a–d)$3,991,461
IX-25 Total functional expenses$71,236,311
Part X · Balance sheet $148,891,030 assets, 16 lines filed
Asset lines not itemized here account for $150,000; see the IRS return.
X-1 Cash, non-interest-bearing$1
X-2 Savings and temporary cash investmentsStart of year $86,925,564$84,341,602
X-4 Accounts receivableStart of year $837,488$32,712,349
X-9 Prepaid expenses and deferred chargesStart of year $42,135$146,101
X-11 Publicly traded securitiesStart of year $4,552,614$4,768,690
X-13 Program-related investmentsStart of year $792,481$839,123
X-14 Intangible assetsStart of year $1,631,934$9,480,206
X-15 Other assetsStart of year $10,571,110$16,452,958
X-16 Total assetsStart of year $105,369,274$148,891,030
X-17 Accounts payable and accrued expensesStart of year $4,757,011$4,154,645
X-19 Deferred revenueStart of year $45,124,982$76,550,297
X-25 Other liabilitiesStart of year $4,934,539$11,206,165
X-26 Total liabilitiesStart of year $54,816,532$91,911,107
X-27 Net assets without donor restrictionsStart of year $50,552,742$56,979,923
X-32 Total net assets or fund balancesStart of year $50,552,742$56,979,923
X-33 Total liabilities and net assetsStart of year $105,369,274$148,891,030
Part XI · Reconciliation of net assets $56,979,923 net assets at year end
XI-1 Total revenue$77,471,030
XI-2 Total expenses$71,236,311
XI-3 Revenue less expenses$6,234,719
XI-4 Net assets at start of year$50,552,742
XI-5 Net unrealized gains (losses) on investments$192,462
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$56,979,923

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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