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
78 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
11 people listed on the 990; $633K 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
In 2020, toniic served approximately 226 member accounts across 30 countries. Toniic members include individual investors, foundations, and family offices. Members are active impact investors, and many are thought leaders in the field.
T100
The t100 project is a longitudinal, free-to-the-public study of the progress of dedicated impact investors towards full deployment. Toniic publishes periodic reports analyzing collected data, and shares anonymized data with an academic research consortium led by the center for sustainable private wealth at the university of zurich.
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 2020 we added significant new content areas, including the emergence of new capital providers, guide to program related investments and carried interest by verified…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.0M | $1.5M |
| Total assetsLn 16 | $1.8M | $2.1M |
| LiabilitiesLn 26 | $294K | $598K |
| Net assetsLn 32 | $1.5M | $1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $424K | $334K | $76K | $14K |
| Other salaries and wagesLn 7 | $964K | $760K | $172K | $31K |
| Other employee benefitsLn 9 | $93K | $74K | $17K | $3K |
| Payroll taxesLn 10 | $99K | $78K | $18K | $3K |
| Legal feesLn 11b | $74 | $69 | $5 | |
| Accounting feesLn 11c | $90K | $90K | ||
| Other fees for servicesLn 11g | $518K | $504K | $372 | $13K |
| Advertising and promotionLn 12 | $55K | $54K | $837 | $139 |
| Office expensesLn 13 | $71K | $17K | $52K | $2K |
| Information technologyLn 14 | $321K | $297K | $23K | $856 |
| OccupancyLn 16 | $81K | $13K | $68K | $354 |
| TravelLn 17 | $31K | $13K | $17K | $14 |
| Conferences, conventions and meetingsLn 19 | $11K | $9K | $410 | $2K |
| InterestLn 20 | $2K | $2K | ||
| InsuranceLn 23 | $6K | $6K | ||
| Other expenses (24a–d)Ln 24 | $25K | $24K | $926 | |
| Total functional expensesLn 25 | $2.8M | $2.2M | $543K | $70K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $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 Viewing | $2.8M | $2.8M | −$40K | $1.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $2,750,882 revenue, 12 lines filed
Part VI · Governance 7 of 8 board members independent, no flags
Part VIII · Statement of revenue $2,750,882 across 7 lines filed
Part IX · Statement of functional expenses $2,791,176 across 16 lines filed
Part X · Balance sheet $2,080,977 assets, 16 lines filed
Part XI · Reconciliation of net assets $1,483,312 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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