Spring Street Climate Fund Inc
Nonprofit profile at a glance
- EIN
- 871178886
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-N 2020
- Location
- Brooklyn, NY, USA
- Phone
- 9172679397
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
Reported finances
- Revenue
- $3,172,536
- Expenses
- $2,556,138
- Assets
- $1,380,340
- Liabilities
- $34,955
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- JOHN RASKIN (BOARD MEMBER): $123,535 total reported compensation
- SONIA ISARD (MANAGING DIRECTOR): $101,003 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Spring street climate fund supports high-impact policy campaigns that can make New York a model state for climate progress. We identify opportunities to win scalable climate solutions and invest in the grassroots climate campaigns that can succeed.
What it reported doing in 2024
General program - the general program supports the core operations and ongoing work of spring street climate fund. This includes organizational management, internal operations, communications, and administrative support necessary to carry out the organization's mission. The program also supports planning, coordination, and operational capacity-building across sscf's initiatives and partnerships.
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 89
- Accountability: 72
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.9%; rating input score 56
- Program expense ratio: 69.3%; rating input score 69
- Fundraising efficiency: $8.15 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 98.3%; rating input score 98; 35th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 16th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.4%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.54; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 78; 78th percentile among comparable filings
- Officer compensation ratio: 8.8%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 53.2% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 53.5% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 60.9% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 55.9% of revenue deployed · 69.3% of spending went to programs
- Governance: 5 of 6 board members independent · 5 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $1.8M in reported program spending
- Leadership: top reported pay $124K · 7 people listed
- Highest-paid contractors: 1 contractor listed · $101K reported
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 8 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.