Climate Equity Action Fund FY2023 filing

Not tax-deductible

Washington, DC501(c)(4)Since 2022EnvironmentEIN 88-3587010Revenue $230K in FY2023

On file with the IRStheequityfund.org1100 13th St Nw Ste 800, 20005-4281 · Washington, DCTax-exempt since Jun 2024

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Invest in strategies that build a powerful base to secure clean energy policy wins.

13¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
2 of 2
filings with a surplus
Average surplus $702K a year · 12% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
13%
of spending
Concern: 13% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
46 mo
of spending, in cash
Looks good: 46.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $7.7M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$51K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$230K
Spent
$58K
To programs
13%
Net assets
$172K
By yearFY2023–FY2024
Revenue
$230K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$230K
FY2024$11.6M
Expenses
$58K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$58K
FY2024$10.4M
Net assets
$172K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$172K
FY2024$1.4M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 Jun 2024.

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

Where the money goes

13 cents of each dollar spent went to programs.

Program services 13% · $7K Management & general 87% · $51K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Climate Equity Action Fund executive salaries →

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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

Advocates for clean energy policies by investing in grassroots organizing.

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Provided by the organization

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2 programs · $7K · in their own filed words · FY2023
01

Grantmaking, policy research, strategic communications, and technical assistance that increase the impact, efficacy and scale of community-led non-partisan civic participation and policy ADVOCACY.TECHNICAL assistance with the development and deployment of voter modeling and other specialized resources.

$5Kprogram expense
02

Donor advising and grantmaking that propels multi-racial voter support to elect climate champions and secure policy wins for climate action and clean energy by increasing the vote share, political power and policy responsiveness to black, indigenous, latinx, aapi, immigrant, and low-wealth multiracial communities.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 4 funders$7.7M
See all 4 funders →
Grants paid · 93 grants · $9.4M · 2024–2024
Casa in Action INCMD · FY2024$285,000
Florida Rising INCFL · FY2024$250,000
Make the Road Action Fund INCNY · FY2024$225,000
Our Voice Our Vote ArizonaAZ · FY2024$220,000
Progressive Maryland INCMD · FY2024$200,000
Michigan Peoples CampaignMI · FY2024$200,000
We the People Action FundMI · FY2024$200,000
New Virginia MajorityVA · FY2024$195,000
Casa in Action INCMD · FY2024$195,000
Down Home North Carolina INCNC · FY2024$190,000
Coalfield Justice ActionPA · FY2024$185,000
Black Voters Matter Fund INCGA · FY2024$165,000
Rural Arizona ActionAZ · FY2024$150,000
New Virginia MajorityVA · FY2024$150,000
Florida Rising INCFL · FY2024$150,000
See all 93 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$230K
Ln 12
Gifts and grantsLn 1h$230K
Money outPt IX
$58K
Ln 25
Programscol B$7K
Managementcol C$51K
Owns and owesPt X
$172K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$51K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$230K
Total revenueLn 12$230K
Assets in detailPt X, end of year
CashLn 1$223K
Cash and savings togetherLn 1–2$223K
Total assetsLn 16$223K
LiabilitiesLn 26$51K
Net assetsLn 32$172K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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$0$223K
Total assetsLn 16$0$223K
LiabilitiesLn 26$0$51K
Net assetsLn 32$0$172K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$41K$5K$36K
Office expensesLn 13$2K$974$943
OccupancyLn 16$3$1$2
TravelLn 17$5$3$2
Other expenses (24a–d)Ln 24$4K$947$3K
Total functional expensesLn 25$58K$7K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $11.6M$10.4M$1.2M$1.4M 990 PDF
FY2023 Viewing $230K$58K$172K$172K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $230,000 revenue, 12 lines filed
I-8 Contributions and grants$230,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$230,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$58,213
I-18 Total expenses$58,213
I-19 Revenue less expenses$171,787
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $230,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$230,000
VIII-1h Total contributions, gifts and grants$230,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$230,000
Part IX · Statement of functional expenses $58,213 across 6 lines filed
IX-11c Accounting feesManagement $11,250$11,250
IX-11g Other fees for servicesPrograms $5,406 · Management $35,760$41,166
IX-13 Office expensesPrograms $974 · Management $943$1,917
IX-16 OccupancyPrograms $1 · Management $2$3
IX-17 TravelPrograms $3 · Management $2$5
IX-24 Other expenses (24a–d)Programs $947 · Management $2,925$3,872
IX-25 Total functional expensesPrograms $7,331 · Management $50,882 · Fundraising $0$58,213
Part X · Balance sheet $223,150 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $0$223,150
X-16 Total assetsStart of year $0$223,150
X-17 Accounts payable and accrued expensesStart of year $0$5,825
X-25 Other liabilitiesStart of year $0$45,538
X-26 Total liabilitiesStart of year $0$51,363
X-27 Net assets without donor restrictionsStart of year $0$100,000
X-28 Net assets with donor restrictionsStart of year $0$71,787
X-32 Total net assets or fund balancesStart of year $0$171,787
X-33 Total liabilities and net assetsStart of year $0$223,150
Part XI · Reconciliation of net assets $171,787 net assets at year end
XI-1 Total revenue$230,000
XI-2 Total expenses$58,213
XI-3 Revenue less expenses$171,787
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$171,787

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

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