Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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; $693K paid to officers and key staff.
Adam Bendell’s $237K as President/CEO is at the 88th percentile of top reported officer pay among 1690 $1–10M philanthropy & grantmaking 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Adam Bendell | $236,740 | $234,582 | $260,493 | $263,276 | $264,893 |
| Rachel Parkel | — | — | $110,347 | $160,433 | — |
| Dario Gabriele Parziale | $160,000 | $147,500 | $139,260 | $126,150 | — |
| Dipti Pratt | $153,000 | $140,288 | $124,872 | $130,625 | $115,000 |
| Emilie Cortes | — | — | — | $67,190 | $134,811 |
| Dario Parziale | — | — | — | — | $118,600 |
| Julien Gafarou | — | $113,515 | $109,237 | — | — |
| Kimberly Griffin | — | — | $110,715 | — | — |
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
Educates, researches, advocates, and provides opportunities in impact investing.
Questions for Toniic Institute
Your first name shows with your question. Toniic Institute answers here, for everyone.
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Member Services
Toniic is a global community of private asset owners seeking to steward wealth and use influence to enable a thriving world. Our members more than 500 high-net-wealth individuals, family offices, and foundations from more than 25 countries are active impact investors and philanthropists for whom toniic provides a vibrant community with…
T100
T100 is toniic's longitudinal study of the practices and portfolios of committed impact investors. The t100 project aims to contribute to a new paradigm of the financial system that prioritizes social and environmental impacts alongside financial returns.
Impact Terms
Impact terms offers a curated library of innovations in impact investing terms and structures freely available to entrepreneurs, investors, and impact professionals. In 2024, we executed a research project focused on structuring revenue-based financing investments worldwide by highlighting specific investment structures used in different…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.3M | $2.1M |
| Total assetsLn 16 | $2.7M | $2.9M |
| LiabilitiesLn 26 | $791K | $584K |
| Net assetsLn 32 | $1.9M | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $407K | $326K | $65K | $16K |
| Other salaries and wagesLn 7 | $1.1M | $841K | $175K | $36K |
| Other employee benefitsLn 9 | $49K | $40K | $8K | $2K |
| Payroll taxesLn 10 | $109K | $87K | $18K | $4K |
| Accounting feesLn 11c | $143K | $143K | ||
| Other fees for servicesLn 11g | $717K | $710K | $7K | |
| Advertising and promotionLn 12 | $7K | $7K | $742 | $11 |
| Office expensesLn 13 | $90K | $43K | $45K | $1K |
| Information technologyLn 14 | $160K | $129K | $30K | $767 |
| TravelLn 17 | $69K | $65K | $5K | $1 |
| Conferences, conventions and meetingsLn 19 | $24K | $22K | $2K | $26 |
| InterestLn 20 | $4K | $4K | ||
| InsuranceLn 23 | $10K | $10K | ||
| Other expenses (24a–d)Ln 24 | $317K | $301K | $16K | $25 |
| Total functional expensesLn 25 | $3.2M | $2.6M | $530K | $60K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $3.6M | $3.2M | $426K | $2.3M | 990 PDF |
| FY2023 | $2.9M | $3.1M | −$148K | $1.9M | 990 PDF |
| FY2022 | $3.4M | $2.8M | $519K | $2.0M | 990 PDF |
| FY2021 | $2.9M | $2.8M | $99K | $1.5M | 990 PDF |
| FY2020 | $2.8M | $2.8M | −$40K | $1.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $3,586,904 revenue, 12 lines filed
Part VI · Governance 9 of 10 board members independent, no flags
Part VIII · Statement of revenue $3,586,904 across 7 lines filed
Part IX · Statement of functional expenses $3,160,545 across 14 lines filed
Part X · Balance sheet $2,906,326 assets, 14 lines filed
Part XI · Reconciliation of net assets $2,322,678 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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