Civic Intelligence

Catalyst Inc.

990 • Fiscal year 2021 • EIN 13-1992402

Sep 01, 2020 to Aug 31, 2021 • Filed on May 12, 2022

120 Wall Street No 15 FLNew York, NY 10005

(212) 514-7600

Siviq Scores

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

Liabilities / Assets

47th percentile

0.21x

Higher debt load relative to assets than 47% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.54x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

50th percentile

11%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$557,155

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

23rd percentile

2.3%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-19%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$56,172,197

Up $1,251,911 (+2.3%) from 2020

Net Assets

Up

$44,176,923

Up $1,398,124 (+3.3%) from 2020

Liabilities

Down

$11,995,274

Down $146,213 (-1.2%) from 2020

Revenue

Down

$22,153,415

Down $5,091,984 (-19%) from 2020

Expenses

Down

$19,718,992

Down $1,066,317 (-5.1%) from 2020

Net Income

Down

$2,434,423

Down $4,025,667 (-62%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $17,241,722Liabilities 2011: $2,569,209Net Assets 2011: $14,672,5132011Assets 2012: $28,200,075Liabilities 2012: $3,869,306Net Assets 2012: $24,330,7692012Assets 2013: $27,908,182Liabilities 2013: $4,146,062Net Assets 2013: $23,762,1202013Assets 2014: $28,164,523Liabilities 2014: $3,997,161Net Assets 2014: $24,167,3622014Assets 2015: $28,351,749Liabilities 2015: $4,492,311Net Assets 2015: $23,859,4382015Assets 2016: $27,976,638Liabilities 2016: $5,339,302Net Assets 2016: $22,637,3362016Assets 2017: $27,436,897Liabilities 2017: $5,839,296Net Assets 2017: $21,597,6012017Assets 2018: $27,693,095Liabilities 2018: $6,152,152Net Assets 2018: $21,540,9432018Assets 2019: $41,612,800Liabilities 2019: $6,313,015Net Assets 2019: $35,299,7852019Assets 2020: $54,920,286Liabilities 2020: $12,141,487Net Assets 2020: $42,778,7992020Assets 2021: $56,172,197Liabilities 2021: $11,995,274Net Assets 2021: $44,176,9232021Assets 2022: $51,330,663Liabilities 2022: $11,254,074Net Assets 2022: $40,076,5892022Assets 2023: $50,063,121Liabilities 2023: $15,628,372Net Assets 2023: $34,434,7492023Assets 2024: $46,143,807Liabilities 2024: $15,177,446Net Assets 2024: $30,966,3612024

Highlighted filing

2021

Assets$56,172,197
Liabilities$11,995,274
Net Assets$44,176,923

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2011: $10,314,123Expenses 2011: $9,839,620Net Income 2011: $474,5032011Revenue 2012: $21,363,157Expenses 2012: $11,963,217Net Income 2012: $9,399,9402012Revenue 2013: $12,560,211Expenses 2013: $13,245,353Net Income 2013: -$685,1422013Revenue 2014: $13,879,187Expenses 2014: $13,627,993Net Income 2014: $251,1942014Revenue 2015: $14,535,420Expenses 2015: $13,650,453Net Income 2015: $884,9672015Revenue 2016: $12,432,749Expenses 2016: $14,004,933Net Income 2016: -$1,572,1842016Revenue 2017: $12,690,096Expenses 2017: $14,081,428Net Income 2017: -$1,391,3322017Revenue 2018: $14,405,422Expenses 2018: $14,424,196Net Income 2018: -$18,7742018Revenue 2019: $29,826,959Expenses 2019: $16,450,139Net Income 2019: $13,376,8202019Revenue 2020: $27,245,399Expenses 2020: $20,785,309Net Income 2020: $6,460,0902020Revenue 2021: $22,153,415Expenses 2021: $19,718,992Net Income 2021: $2,434,4232021Revenue 2022: $21,947,907Expenses 2022: $22,605,203Net Income 2022: -$657,2962022Revenue 2023: $20,115,847Expenses 2023: $26,901,980Net Income 2023: -$6,786,1332023Revenue 2024: $17,766,577Expenses 2024: $23,998,583Net Income 2024: -$6,232,0062024

Highlighted filing

2021

Revenue$22,153,415
Expenses$19,718,992
Net Income$2,434,423
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$41,822,239
Mission and Program Overview

Mission

Accelerate progress for women through workplace inclusion.

Catalyst is the leading nonprofit organization with a mission to accelerate progress for women through workplace inclusion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$20,278,381$26,576,495▲ $6,298,114
Pledges and Grants Receivable$19,404,581$17,374,529▼ $2,030,052
Savings and Temporary Cash Investments$4,956,788$5,116,023▲ $159,235
Land, Buildings, and Equipment, Net$1,160,397$970,605▼ $189,792
Cash and Non-Interest-Bearing Accounts$3,731,032$486,344▼ $3,244,688
Accounts Receivable$391,074$452,852▲ $61,778
Prepaid Expenses and Deferred Charges$325,621$402,960▲ $77,339
Total Assets$54,920,286$56,172,197▲ $1,251,911
Other Assets Total$4,672,412$4,792,389▲ $119,977
Liabilities
Other Liabilities$8,528,046$8,449,835▼ $78,211
Accounts Payable and Accrued Expenses$1,535,883$1,677,322▲ $141,439
Unsecured Notes Loans Payable$1,560,812$1,560,812→ $0
Deferred Revenue$516,746$307,305▼ $209,441
Total Liabilities$12,141,487$11,995,274▼ $146,213
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,285,313$25,485,890▲ $5,200,577
Net Assets With Donor Restrictions$22,493,486$18,691,033▼ $3,802,453
Total Net Assets Fund Balance$42,778,799$44,176,923▲ $1,398,124
Total Liabilities and Net Assets / Fund Balance$54,920,286$56,172,197▲ $1,251,911

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$438,211$1,451,955$1,890,166
Leasehold Improvements$530,962$1,004,092$1,535,054
Other Land Buildings$1,432$380,267$381,699
Other Assets Org$112,085--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$13,023,302-▲ $694,492$1,000,000$12,717,794
2019$11,581,304-▲ $1,441,998-$13,023,302
2018$11,076,583$595▲ $504,126-$11,581,304
2017$10,601,145$5,184▲ $475,438-$11,076,583
2016$9,766,496$5,637▲ $829,012-$10,601,145
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lorraine HaritonPresident & CEOFT$430,917$126,238$557,155
Stacey BainCOOFT$271,390$98,771$370,161
Iris HenriesSr. Vice President, GbscFT$205,269$68,395$273,664
Heather Foust CummingsSr. Vice President, ResearchFT$212,054$48,216$260,270
Julie WiedenheftSr. Vice President, LasFT$183,747$71,330$255,077
Emily ZuckermanChief Privacy OfficerFT$172,153$76,615$248,768
Svetlana MostovskyVice President, Dev.FT$180,891$54,120$235,011
Jennifer PothoffV.p. Human Res. (outgoing)FT$164,713$52,153$216,866
Megan Diaz EllinghausSenior DirectorFT$153,764$58,060$211,824
Michael J ChamberlainVice President, EventsFT$164,050$34,404$198,454

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Agencyea LLCVirtual Events Planning And Production311 W WALTON STREET, Chicago, IL 60610$700,000
Burns Group Nyc LLCConsulting220 WEST 19TH STREET, New York, NY 10011$338,959
Silly Monkey Studios LLC (kanopi StudioWebsite Development1000 N WEST STREET SUITE 1200, Wilmington, DE 19801$195,534
Global Gateway Advisors LLCConvening & Community Programs81 PROSPECT STREET 8017, Brooklyn, NY 11215$185,781
Coordinated Technology Group Intnl LLCMachinery & Equipment/ Repairs &maintena197 STATE ROUTE 18 SOUTH SUITE 300, East Brunswick, NJ 08816$136,017
Revenue and Support

Revenue Composition

Contributions and Grants
$13,090,396
Program Service Revenue
$5,031,680
Investment Income
$4,031,339
Other Revenue
$0
All Other Contributions
$11,220,041
Change in Net Assets
$2,434,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,993,360
Revenue Not Reported on Financial Statements
$160,055
Revenue Not Reported on Form 990
$4,878,920
Total Revenue per Audited Statements
$26,872,280
Total Revenue per Form 990
$22,153,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,700,982
Other Expenses$6,018,010
Total Fundraising Expense$2,436,052
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,271,798$2,059,375$1,496,359$8,827,532
Fees for Services Other$2,949,203$218,793$51,692$3,219,688
Current Officers, Directors, Trustees, and Key Employees$1,542,985$402,503-$1,945,488
Other Employee Benefits$883,959$309,651$233,166$1,426,776
Payroll Taxes$527,555$186,229$122,409$836,193
Occupancy$515,807$94,292$118,697$728,796
Pension Plan Contributions$407,198$144,180$113,615$664,993
Depreciation Depletion$198,553$59,066$57,876$315,495
Fees for Service Investment Mgmnt Fees-$160,055-$160,055
Insurance$56,572$45,546$10,456$112,574
Other Expenses$36,432$29,331$6,734$72,497
Information Technology$33,625$27,071$6,215$66,911
Office Expenses$48,947$8,828$3,824$61,599
Advertising$52,158$4,400-$56,558
Travel$25,716$1,998$1,609$29,323
All Other Expenses$8,650$714$670$10,034
Total Functional Expenses$13,408,027$3,874,913$2,436,052$19,718,992

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$23,577,213
Total Expenses per Form 990$19,718,992
Expenses per Audited Statements$19,558,937
Expenses Not Reported on Form 990$4,018,276
Expenses Not Reported on Financial Statements$160,055
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
Due to Affiliates$7,541,878
Deferred Rent Obligation$907,957
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is prepared by an independent accountant and reviewed in detail by the audit committee and is made available for seven days to the full board for review and comments. After such time it is filed with the irs.

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

The organization regularly and consistently monitors and enforces compliances with the conflict of interest policy by requiring members of the board of directors to notify the organization immediately of any changes. Board members are required to file a conflict of interest questionnaire annually.

Form 990, Part VI, Section B, Line 15A

The performance of the ceo is discussed and reviewed by the chair of the board. The full board then discusses and approves the salary of the ceo, comparability data is noted. The approved salary is documented in the minutes and a letter is sent by the chair to the cfo authorizing payment of the salary. The ceo reviews the performance of the other officers and recommends their salary to the full board who then approves. Comparability data is noted. The approval of the recommended salaries is documented in the minutes. The board chair includes this information in the letter to the cfo as well.

Form 990, Part VI, Section C, Line 19

The financial statements are available on the organization's website www.catalyst.org. Governing documents and the conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Catalyst Inc
EIN
13-1992402
Phone
2125147600
Address
120 WALL STREET NO 15 FL, NEW YORK, NY 10005

Signing Officer

Name
Lorraine Hariton
Title
President
Phone
2125147600
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorraine Hariton
Formed
1962
Legal Domicile
Oh
Voting Board Members
46
Independent Board Members
45
Employees
111
Volunteers
45

Preparer

Firm
Cbiz Marks Paneth LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena M Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other: program service expenses 2,949,203. Management and general expenses 218,793. Fundraising expenses 51,692. Total expenses 3,219,688.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

During 1992, the "felice n. Schwartz reserve fund for the advancement of women in business and the professions" was created. The principal amount of the fund may be borrowed on a short-term basis by catalyst to complete research projects, which are of strategic importance but lack complete funding, and to meet temporary cash flow needs. The income earned from invested principal will be used to grow the fund in line with inflation and to complete the financing of research projects for which the majority of funds have been raised. Borrowings from the principal and interest of this fund must be repaid. There were no borrowings from the fund for the years ended august 31, 2021 and 2020. In december 2010, the major gifts campaign to fund the longitudinal research initiative: change leadership research center, career pathways research center, corporate practices research center and corporate governance research center was established. The principal amount of the fund will remain intact. Once all the payments are received, the interest on the fund will support the activities of the four research centers. Expenditures will include salaries for the research center leaders, endowed fellows and scholars; endowed longitudinal data sets and; thought leaders convening events. There was no spending for the years ended august 31, 2021 and 2020.

PART X, LINE 2:

Catalyst inc. Believes that it has no uncertain tax positions as of august 31, 2021 and 2020 in accordance with fasb accounting standards codification ("asc") topic 740, income taxes, which provides standards for establishing and classifying any tax provisions for uncertain tax positions.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Related entity revenues 5,053,699.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Related entity expenses 3,156,758.

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IRS990/Form990PartVIISectionAGrp/PersonNm1ALFRED F KELLY JR
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW J MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm3ARNOLD W DONALD
IRS990/Form990PartVIISectionAGrp/PersonNm4BILLY GIFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm5BRIAN CORNELL
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN MOYNIHAN
IRS990/Form990PartVIISectionAGrp/PersonNm7CATHY ENGELBERT
IRS990/Form990PartVIISectionAGrp/PersonNm8DARA KHOSROWSHAHI
IRS990/Form990PartVIISectionAGrp/PersonNm9DARRYL WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm10DAVID ABNEY
IRS990/Form990PartVIISectionAGrp/PersonNm11DAVID S TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm12DEANNA MULLIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm13DENIS MACHUEL
IRS990/Form990PartVIISectionAGrp/PersonNm14ELLIOTT PORTNOY
IRS990/Form990PartVIISectionAGrp/PersonNm15ENRIQUE HERNANDEZ JR
IRS990/Form990PartVIISectionAGrp/PersonNm16FEIKE SIJBESMA
IRS990/Form990PartVIISectionAGrp/PersonNm17GERALD LEMA
IRS990/Form990PartVIISectionAGrp/PersonNm18HAMDI ULUKAYA
IRS990/Form990PartVIISectionAGrp/PersonNm19HENRY KRAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm20ILHAM KADRI
IRS990/Form990PartVIISectionAGrp/PersonNm21JAMES D TAICLET
IRS990/Form990PartVIISectionAGrp/PersonNm22JAMES QUINCEY
IRS990/Form990PartVIISectionAGrp/PersonNm23JAMIE DIMON
IRS990/Form990PartVIISectionAGrp/PersonNm24JANET FOUTTY
IRS990/Form990PartVIISectionAGrp/PersonNm25JIM FITTERLING
IRS990/Form990PartVIISectionAGrp/PersonNm26JULIE SWEET
IRS990/Form990PartVIISectionAGrp/PersonNm27KATHY WARDEN
IRS990/Form990PartVIISectionAGrp/PersonNm28KELLY GRIER
IRS990/Form990PartVIISectionAGrp/PersonNm29KENNETH C FRAZIER
IRS990/Form990PartVIISectionAGrp/PersonNm30KIRT WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm31KRISTIN PECK
IRS990/Form990PartVIISectionAGrp/PersonNm32LINDA ADDISON
IRS990/Form990PartVIISectionAGrp/PersonNm33LORRAINE HARITON
IRS990/Form990PartVIISectionAGrp/PersonNm34LYNNE DOUGHTIE
IRS990/Form990PartVIISectionAGrp/PersonNm35MARC LAUTENBACH
IRS990/Form990PartVIISectionAGrp/PersonNm36MARGO GEORGIADIS
IRS990/Form990PartVIISectionAGrp/PersonNm37MARILLYN A HEWSON
IRS990/Form990PartVIISectionAGrp/PersonNm38MARY B CRANSTON ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm39MARY BETH HOGAN ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm40MICHAEL D HSU
IRS990/Form990PartVIISectionAGrp/PersonNm41MICHAEL K WIRTH
IRS990/Form990PartVIISectionAGrp/PersonNm42MICHAEL S DELL
IRS990/Form990PartVIISectionAGrp/PersonNm43NV TYAGARAJAN
IRS990/Form990PartVIISectionAGrp/PersonNm44PAUL KNOPP
IRS990/Form990PartVIISectionAGrp/PersonNm45PENNY PENNINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm46REVATHI ADVAITHI
IRS990/Form990PartVIISectionAGrp/PersonNm47SHELLEY O'CONNOR
IRS990/Form990PartVIISectionAGrp/PersonNm48SHELLYE ARCHAMBEAU
IRS990/Form990PartVIISectionAGrp/PersonNm49STACEY CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm50HEATHER FOUST CUMMINGS
IRS990/Form990PartVIISectionAGrp/PersonNm51IRIS HENRIES
IRS990/Form990PartVIISectionAGrp/PersonNm52JULIE WIEDENHEFT
IRS990/Form990PartVIISectionAGrp/PersonNm53STACEY BAIN
IRS990/Form990PartVIISectionAGrp/PersonNm54EMILY ZUCKERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm55JENNIFER POTHOFF
IRS990/Form990PartVIISectionAGrp/PersonNm56MEGAN DIAZ ELLINGHAUS
IRS990/Form990PartVIISectionAGrp/PersonNm57MICHAEL J CHAMBERLAIN
IRS990/Form990PartVIISectionAGrp/PersonNm58SVETLANA MOSTOVSKY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.1$15.2$31.0$17.8$24.0$6.23
2023Detailed filing. Detailed filing data is available for this year.$50.1$15.6$34.4$20.1$26.9$6.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.3$11.3$40.1$21.9$22.6$0.66
2021Detailed filing. Detailed filing data is available for this year.$56.2$12.0$44.2$22.2$19.7$2.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.9$12.1$42.8$27.2$20.8$6.46
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.6$6.31$35.3$29.8$16.5$13.4
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.7$6.15$21.5$14.4$14.4$0.02
2017Detailed filing. Detailed filing data is available for this year.$27.4$5.84$21.6$12.7$14.1$1.39
2016Detailed filing. Detailed filing data is available for this year.$28.0$5.34$22.6$12.4$14.0$1.57
2015Detailed filing. Detailed filing data is available for this year.$28.4$4.49$23.9$14.5$13.7$0.88
2014Detailed filing. Detailed filing data is available for this year.$28.2$4.00$24.2$13.9$13.6$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$4.15$23.8$12.6$13.2$0.69
2012Summary only. Only limited summary data is available for this year.$28.2$3.87$24.3$21.4$12.0$9.40
2011Summary only. Only limited summary data is available for this year.$17.2$2.57$14.7$10.3$9.84$0.47
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $50M-$100M nonprofits