Civic Intelligence

New Ecology Inc.

990 • Fiscal year 2022 • EIN 04-3447828

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 02, 2023

15 Court Square 420Boston, MA 02108

(617) 557-1700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.59x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

67th percentile

0.35x

Higher debt load relative to revenue than 67% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

33rd percentile

0.1%

Higher net margin than 33% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

67th percentile

$164,739

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-6.4%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,068,171

Up $612,943 (+18%) from 2021

Net Assets

Down

$1,680,223

Down $200,255 (-11%) from 2021

Liabilities

Up

$2,387,948

Up $813,198 (+52%) from 2021

Revenue

Down

$6,902,221

Down $472,738 (-6.4%) from 2021

Expenses

Up

$6,895,988

Up $646,731 (+10%) from 2021

Net Income

Down

$6,233

Down $1,119,469 (-99%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $217,761Liabilities 2010: $60,930Net Assets 2010: $156,8312010Assets 2011: $191,794Liabilities 2011: $49,694Net Assets 2011: $142,1002011Assets 2012: $519,269Liabilities 2012: $333,839Net Assets 2012: $185,4302012Assets 2013: $1,099,748Liabilities 2013: $901,406Net Assets 2013: $198,3422013Assets 2014: $1,174,705Liabilities 2014: $934,278Net Assets 2014: $240,4272014Assets 2015: $914,774Liabilities 2015: $459,350Net Assets 2015: $455,4242015Assets 2016: $1,008,437Liabilities 2016: $514,799Net Assets 2016: $493,6382016Assets 2017: $1,380,978Liabilities 2017: $999,348Net Assets 2017: $381,6302017Assets 2018: $1,614,068Liabilities 2018: $1,071,179Net Assets 2018: $542,8892018Assets 2019: $2,028,660Liabilities 2019: $1,388,037Net Assets 2019: $640,6232019Assets 2020: $3,016,765Liabilities 2020: $2,261,989Net Assets 2020: $754,7762020Assets 2021: $3,455,228Liabilities 2021: $1,574,750Net Assets 2021: $1,880,4782021Assets 2022: $4,068,171Liabilities 2022: $2,387,948Net Assets 2022: $1,680,2232022Assets 2023: $5,130,564Liabilities 2023: $3,640,927Net Assets 2023: $1,489,6372023Assets 2024: $6,288,080Liabilities 2024: $2,721,778Net Assets 2024: $3,566,3022024

Highlighted filing

2022

Assets$4,068,171
Liabilities$2,387,948
Net Assets$1,680,223

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $660,5012010Expenses 2011: $802,1602011Expenses 2012: $1,092,4472012Revenue 2013: $1,931,318Expenses 2013: $1,918,406Net Income 2013: $12,9122013Revenue 2014: $2,789,369Expenses 2014: $2,747,284Net Income 2014: $42,0852014Revenue 2015: $3,276,225Expenses 2015: $3,061,228Net Income 2015: $214,9972015Revenue 2016: $3,705,986Expenses 2016: $3,667,771Net Income 2016: $38,2152016Revenue 2017: $3,892,148Expenses 2017: $4,004,156Net Income 2017: -$112,0082017Revenue 2018: $4,569,200Expenses 2018: $4,407,942Net Income 2018: $161,2582018Revenue 2019: $4,868,310Expenses 2019: $4,770,576Net Income 2019: $97,7342019Revenue 2020: $5,720,512Expenses 2020: $5,606,359Net Income 2020: $114,1532020Revenue 2021: $7,374,959Expenses 2021: $6,249,257Net Income 2021: $1,125,7022021Revenue 2022: $6,902,221Expenses 2022: $6,895,988Net Income 2022: $6,2332022Revenue 2023: $8,012,772Expenses 2023: $8,203,358Net Income 2023: -$190,5862023Revenue 2024: $9,921,899Expenses 2024: $7,845,234Net Income 2024: $2,076,6652024

Highlighted filing

2022

Revenue$6,902,221
Expenses$6,895,988
Net Income$6,233
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 2, 2023
Return Version
2022v5.0
Gross Receipts
$6,902,221
Mission and Program Overview

Mission

The mission of new ecology, inc. Is to catalyze sustainable development and bring its benefits to underserved populations, and to maintain a focus on acting locally to address global environmental issues. We work in many areas of community-based sustainable development, but we devote most of our efforts to green affordable housing. Our focus is on the practical and cost-effective: making new and existing buildings efficient, durable and healthy.

SEE SCHEDULE "O".New Ecology addresses global environmental issues by bringing the benefits of sustainable development to the community level with a concerted emphasis on equity. We make the built environment more efficient, healthy, and resilient by advancing sustainable practices, ensuring accessible, affordable, and healthy environments in which to live and work.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,287,450$1,470,474▲ $183,024
Cash and Non-Interest-Bearing Accounts$1,430,908$1,211,280▼ $219,628
Savings and Temporary Cash Investments$444,857$982,058▲ $537,201
Prepaid Expenses and Deferred Charges$17,905$130,803▲ $112,898
Land, Buildings, and Equipment, Net$45,403$59,668▲ $14,265
Inventories for Sale or Use$14,453--
Total Assets$3,248,740$4,068,171▲ $819,431
Other Assets Total$7,764$213,888▲ $206,124
Liabilities
Deferred Revenue$1,157,196$1,569,787▲ $412,591
Accounts Payable and Accrued Expenses$417,554$612,645▲ $195,091
Other Liabilities$0$205,516▲ $205,516
Total Liabilities$1,574,750$2,387,948▲ $813,198
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,673,990$1,680,223▲ $6,233
Total Net Assets Fund Balance$1,673,990$1,680,223▲ $6,233
Total Liabilities and Net Assets / Fund Balance$3,248,740$4,068,171▲ $819,431

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$59,668$257,056$316,724
Leasehold Improvements$0$39,956$39,956
Other Assets Org$203,024--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Edward F ConnellyPresident/secretaryFT$164,739$164,739
Joshua SklarskyCTOFT$117,482$117,482
Laurie EldredgePrincipal DirectorFT$108,808$108,808
Mark StutmanRegional DirectorFT$100,333$100,333

Board Members and Trustees

NameTitle
Peter LowittChairman
Eugenia GibbonsDirector
Josh CohenDirector
Kari HewittDirector
Lindsey SandsDirector
Bill ShutkinDirector Emeritus
Rebecca L ReganTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fraunhofer USA IncHeating Optimization15 Saint Marys Street, Brookline, MA 02446$127,172
Revenue and Support

Revenue Composition

Contributions and Grants
$2,936,395
Program Service Revenue
$3,742,841
Investment Income
$10,970
Other Revenue
$212,015
All Other Contributions
$2,936,395
Change in Net Assets
$6,233

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,902,221
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,902,221
Total Revenue per Form 990
$6,902,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,501,688
Other Expenses$1,394,300
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,964,801$297,072-$4,261,873
Other Employee Benefits$682,027$75,284-$757,311
Fees for Services Other$293,850$29,766-$323,616
Payroll Taxes$300,639$17,126-$317,765
Occupancy$96,068$144,557-$240,625
Information Technology$202,297$1,581-$203,878
Current Officers, Directors, Trustees, and Key Employees$153,207$11,532-$164,739
Office Expenses$126,454$32,545-$158,999
Other Expenses$11,386$50,548-$61,934
Travel$54,037$4,661-$58,698
Insurance-$57,763-$57,763
Depreciation Depletion-$21,034-$21,034
Fees for Services Legal-$500-$500
Total Functional Expenses$6,152,554$743,434$0$6,895,988

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,895,988
Total Expenses per Audited Statements$6,895,988
Total Expenses per Form 990$6,895,988
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$205,516
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Organization's process to review form 990 review and approval of filing form 990 is an agenda item at a board of director's meeting. Prior to such meeting, the form 990 is reviewed by the president and treasurer, and a recommendation given to the full board at that meeting.

Form 990, Part VI, Section B, line 12C

Per the conflict of interest policy, officers, directors, key employees,and contracted individuals are required to disclose, at board of directors'meetings,any interests that could give rise to conflicts.

Form 990, Part VI, Section B, line 15

Compensation is bench marked on market values for similar positions in thehiring region for non-profit organizations and is viewed within theparameters of neis annual budget. Additionally, salary increases for thepresident are reviewed and approved by the board after a review ofavailable salaries for similarly sized non-profit leaders. This review isdone in conjunction with performance. Other employee salary increases arebased on performance, cost of living adjustments, and job promotion thatare in the annual budget.compensation is bench marked on market values for similar positions in thehiring region for non-profit organizations and is viewed within theparameters of neis annual budget. Additionally, salary increases for thepresident are reviewed and approved by the board after a review ofavailable salaries for similarly sized non-profit leaders. This review isdone in conjunction with performance. Other employee salary increases arebased on performance, cost of living adjustments, and job promotion thatare in the annual budget.

Form 990, Part VI, Section C, line 19

Copies of the organization's governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
New Ecology Inc
EIN
04-3447828
Phone
6175571700
Address
15 COURT SQUARE 420, BOSTON, MA 02108

Signing Officer

Name
Edward F Connelly
Title
President/Secretary
Phone
6175571700
Signed
2023-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward F Connelly
Formed
1999
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
62
Volunteers
7

Preparer

Firm
Raffol and Company Inc
Address
105 Chestnut Street Suite 11, Needham, MA 02492
Preparer
Jonathan Vitale
Phone
7814444926
Supplemental Narrative

Additional Explanations

Form 990 Schedule O Line 2C

No change from prior year.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.29$2.72$3.57$9.92$7.85$2.08
2023Detailed filing. Detailed filing data is available for this year.$5.13$3.64$1.49$8.01$8.20$0.19
2022Detailed filing. Detailed filing data is available for this year.$4.07$2.39$1.68$6.90$6.90$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.46$1.57$1.88$7.37$6.25$1.13
2020Detailed filing. Detailed filing data is available for this year.$3.02$2.26$0.75$5.72$5.61$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.03$1.39$0.64$4.87$4.77$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.61$1.07$0.54$4.57$4.41$0.16
2017Detailed filing. Detailed filing data is available for this year.$1.38$1.00$0.38$3.89$4.00$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.01$0.51$0.49$3.71$3.67$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.46$0.46$3.28$3.06$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.93$0.24$2.79$2.75$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.10$0.90$0.20$1.93$1.92$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.33$0.19$1.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.05$0.14$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.06$0.16$0.66