2 Degrees America INC

New York, NYUnknown exempt organization EIN 47-3717316Revenue $199K in FY2021Latest return filed May 14, 2022

On file with the IRS2degrees-investing.orgNew York, NY

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The organizations purpose is to conduct scientific research into, and promote through education, the integration of climate and environmental goals and more broadly the long-term financing needs of the economy, in the investment decision-making process of the financial industry.

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$199K
-65% vs prior year
Spent
$198K
To programs
91%
Net assets
$0
By yearFY2020–FY2021
Revenue
$199K
FY2021▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2020$571K
FY2021$199K
Expenses
$198K
FY2021▼ -66%
Tap a bar for its year
Expenses by fiscal year
FY2020$585K
FY2021$198K
Net assets
$0
FY2021▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$907
FY2021$0

From the FY2021 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $180K Management & general 9% · $18K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See 2 Degrees America INC executive salaries →

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

Promotes integrating climate and environmental goals into financial industry investment decisions through research and education.

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1 program · $180K · in their own filed words · FY2021
01

Research & Dissemination

This on-going program include various research, dissemination and engagement activities to support the international projects led by 2 Investing Initiative (an affiliated entity) on climate-related metrics for the finance sector. Outputs available on www.2degrees-investing.org.

$180Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2019
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$199K
Ln 12
Gifts and grantsLn 1h$199K
Money outPt IX
$198K
Ln 25
Programscol B$180K
Managementcol C$18K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$199K
Total revenueLn 12$199K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 55
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 FY21End FY21
Total assetsLn 16$151K$0
LiabilitiesLn 26$152K$0
Net assetsLn 32−$907$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$147K$147K
Other employee benefitsLn 9$1K$1K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$15$15
OccupancyLn 16$12K$12K
Depreciation, depletion and amortizationLn 22$639$639
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$6K$5K$732
All other expensesLn 24e$94$94
Total functional expensesLn 25$198K$180K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS May 14, 2022 $199K$198K$907$0 990 PDF
FY2020Filed with the IRS Dec 23, 2021 $571K$585K−$14K−$907 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $198,537 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $571,111$198,537
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $571,111$198,537
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $503,665$160,736
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $81,525$36,894
I-18 Total expensesPrior year $585,190$197,630
I-19 Revenue less expensesPrior year −$14,079$907
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $198,537 across 3 lines filed
VIII-1f All other contributions, gifts and grants$198,537
VIII-1h Total contributions, gifts and grants$198,537
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$198,537
Part IX · Statement of functional expenses $197,630 across 11 lines filed
IX-7 Other salaries and wagesPrograms $146,774$146,774
IX-9 Other employee benefitsPrograms $1,382$1,382
IX-10 Payroll taxesPrograms $12,580$12,580
IX-11c Accounting feesManagement $14,090$14,090
IX-11g Other fees for servicesPrograms $1,800$1,800
IX-13 Office expensesManagement $15$15
IX-16 OccupancyPrograms $12,225$12,225
IX-22 Depreciation, depletion and amortizationManagement $639$639
IX-23 InsuranceManagement $2,415$2,415
IX-24 Other expenses (24a–d)Programs $4,884 · Management $732$5,616
IX-24e All other expensesManagement $94$94
IX-25 Total functional expensesPrograms $179,645 · Management $17,985 · Fundraising $0$197,630
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $151,313$0
X-26 Total liabilitiesStart of year $152,220$0
X-32 Total net assets or fund balancesStart of year −$907$0
X-33 Total liabilities and net assetsStart of year $151,313$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$198,537
XI-2 Total expenses$197,630
XI-3 Revenue less expenses$907
XI-4 Net assets at start of year−$907
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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