Civic Intelligence

Rare Inc.

990 • Fiscal year 2018 • EIN 23-7380563

Oct 01, 2017 to Sep 30, 2018 • Filed on May 31, 2019

1310 North Courthouse Rd No 110Arlington, VA 22201

(703) 522-5070

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.51x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.84x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

13th percentile

-12%

Higher net margin than 13% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

84th percentile

$505,487

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

90th percentile

27%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-33%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$36,181,516

Up $7,777,086 (+27%) from 2017

Net Assets

Down

$17,740,705

Down $2,749,839 (-13%) from 2017

Liabilities

Up

$18,440,811

Up $10,526,925 (+133%) from 2017

Revenue

Down

$21,947,507

Down $10,977,340 (-33%) from 2017

Expenses

Down

$24,516,728

Down $589,707 (-2.3%) from 2017

Net Income

Down

-$2,569,221

Down $10,387,633 (-133%) from 2017

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2013: $33,118,216Liabilities 2013: $7,631,481Net Assets 2013: $25,486,7352013Assets 2014: $27,484,294Liabilities 2014: $6,586,904Net Assets 2014: $20,897,3902014Assets 2015: $22,792,209Liabilities 2015: $5,378,713Net Assets 2015: $17,413,4962015Assets 2016: $18,750,993Liabilities 2016: $6,006,163Net Assets 2016: $12,744,8302016Assets 2017: $28,404,430Liabilities 2017: $7,913,886Net Assets 2017: $20,490,5442017Assets 2018: $36,181,516Liabilities 2018: $18,440,811Net Assets 2018: $17,740,7052018Assets 2019: $41,397,121Liabilities 2019: $12,842,431Net Assets 2019: $28,554,6902019Assets 2020: $36,999,177Liabilities 2020: $10,627,762Net Assets 2020: $26,371,4152020Assets 2021: $47,172,711Liabilities 2021: $11,577,944Net Assets 2021: $35,594,7672021Assets 2024: $35,089,126Liabilities 2024: $11,059,152Net Assets 2024: $24,029,9742024

Highlighted filing

2018

Assets$36,181,516
Liabilities$18,440,811
Net Assets$17,740,705

Operations Trend

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

$40M$20M$0-$20MExpenses 2013: $18,130,0462013Revenue 2014: $16,832,932Expenses 2014: $21,373,417Net Income 2014: -$4,540,4852014Revenue 2015: $20,454,663Expenses 2015: $23,896,492Net Income 2015: -$3,441,8292015Revenue 2016: $18,858,126Expenses 2016: $23,612,882Net Income 2016: -$4,754,7562016Revenue 2017: $32,924,847Expenses 2017: $25,106,435Net Income 2017: $7,818,4122017Revenue 2018: $21,947,507Expenses 2018: $24,516,728Net Income 2018: -$2,569,2212018Revenue 2019: $37,606,393Expenses 2019: $26,926,873Net Income 2019: $10,679,5202019Revenue 2020: $22,917,080Expenses 2020: $25,180,754Net Income 2020: -$2,263,6742020Revenue 2021: $37,625,413Expenses 2021: $28,280,886Net Income 2021: $9,344,5272021Revenue 2024: $33,556,901Expenses 2024: $37,155,372Net Income 2024: -$3,598,4712024

Highlighted filing

2018

Revenue$21,947,507
Expenses$24,516,728
Net Income-$2,569,221
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
May 31, 2019
Return Version
2017v2.3
Gross Receipts
$22,761,461
Mission and Program Overview

Mission

Rare inspires change so that both people and nature thrive. In the face of a global extinction crisis, climate change, dwindling fish stocks, and disappearing forests, rare is changing behaviors at the local level by teaching community leaders how to relate to nature in a non-destructive manner and providing alternatives to current practices.

Rare inspires change so people and nature thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,187,370$13,726,332▲ $5,538,962
Pledges and Grants Receivable$15,274,497$11,470,419▼ $3,804,078
Cash and Non-Interest-Bearing Accounts$912,296$6,018,906▲ $5,106,610
Savings and Temporary Cash Investments$1,412,176$2,307,850▲ $895,674
Prepaid Expenses and Deferred Charges$637,416$575,305▼ $62,111
Land, Buildings, and Equipment, Net$343,121$286,100▼ $57,021
Total Assets$28,404,430$36,181,516▲ $7,777,086
Other Assets Total$1,637,554$1,796,604▲ $159,050
Liabilities
Deferred Revenue$2,678,452$8,304,591▲ $5,626,139
Other Liabilities$1,593,412$6,893,985▲ $5,300,573
Accounts Payable and Accrued Expenses$3,642,022$3,242,235▼ $399,787
Total Liabilities$7,913,886$18,440,811▲ $10,526,925
Net Assets / Fund Balance
Temporarily Rstr Net Assets$11,116,158$8,969,181▼ $2,146,977
Unrestricted Net Assets$9,374,386$8,771,524▼ $602,862
Total Net Assets Fund Balance$20,490,544$17,740,705▼ $2,749,839
Total Liabilities and Net Assets / Fund Balance$28,404,430$36,181,516▲ $7,777,086

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$157,809$603,629$761,438
Other Land Buildings$74,714$285,786$360,500
Leasehold Improvements$53,577$204,938$258,515
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett JenksPresident & CEOFT$380,393$125,094$505,487
Dale GalvinManaging Dir., SustainableFT$277,238$102,519$379,757
Karen ZifferChief Development OfficerFT$247,913$74,396$322,309
Martha PiperManaging Dir., Global SolutionsFT$230,114$77,003$307,117
Gerald MilesVP Global DevelopmentFT$205,709$94,990$300,699
Timothy ChildressChief Financial OfficerFT$228,654$62,834$291,488
Stephen James BoxSenior Vice PresidentFT$163,519$47,186$210,705
Carl DavisVice PresidentFT$150,134$35,205$185,339
Kerri HanniganVP, Marketing and CommunicationFT$144,901$32,444$177,345
Caryn PerrelliVice PresidentFT$168,040$5,813$173,853
Paul ButlerTrusteeFT$72,276-$72,276

Highest Paid Contractors

ContractorServicesLocationCompensation
Lindblad Maritime Enterprises LltdSpecial Event Boat Trip96 MORTON STREET 9TH FLOOR, New York, NY 10014, Rp$421,875
Marine Environment Resources FndMonitoring And Evaluation4619 SOLUTIONS CENTER, Chicago, IL 60677$275,396
Orrick Herrington & Sutcliffe LLPLegal Services10111 RATCLIFFE MANOR DRIVE, Fairfax, VA 22030$164,837
Caryn Perrelli Consulting LLCTalent Acq. & Human Resource Management500 W UNIVERSITY AVE, El Pasa, TX 79968$151,813
University Of Texas El PasoUniversity Tuition-$147,439
Revenue and Support

Revenue Composition

Contributions and Grants
$21,394,396
Program Service Revenue
$0
Investment Income
$233,881
Other Revenue
$319,230
All Other Contributions
$19,951,326
Change in Net Assets
$-2,569,221

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,947,507
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,868,763
Total Revenue per Audited Statements
$23,816,270
Total Revenue per Form 990
$21,947,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,846,617
Other Expenses$9,250,640
Total Fundraising Expense$2,161,120
Grants and Similar Amounts Paid$1,419,471
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,347,329$450,861$475,487$8,273,677
Fees for Services Other$2,523,549-$109,150$2,632,699
Other Employee Benefits$1,788,531$239,292$264,007$2,291,830
Travel$1,791,494$40,952$146,716$1,979,162
Current Officers, Directors, Trustees, and Key Employees$489,068$597,135$683,300$1,769,503
Occupancy$1,120,728$129,013$271,276$1,521,017
Conferences and Meetings$1,239,768--$1,239,768
Foreign Grants$1,177,287--$1,177,287
Payroll Taxes$851,063$113,866$125,626$1,090,555
Information Technology$544,932$86,020$10,841$641,793
Pension Plan Contributions$328,587$43,962$48,503$421,052
Fees for Services Legal-$255,560-$255,560
Grants to Domestic Orgs$237,184--$237,184
Office Expenses$124,098$59,569$25,947$209,614
Fees for Services Accounting-$139,155-$139,155
Depreciation Depletion-$138,220-$138,220
Insurance$37,305$24,232-$61,537
Other Expenses$17,388$14,878$267$32,533
Advertising$31,644--$31,644
Interest$14,395--$14,395
Grants to Domestic Individuals$5,000--$5,000
Total Functional Expenses$20,022,893$2,332,715$2,161,120$24,516,728

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$25,607,760
Expenses per Audited Statements$24,516,728
Total Expenses per Form 990$24,516,728
Expenses Not Reported on Form 990$1,091,032
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Environmental Defense FundNew York, NY501(c)(3)Fisheries Turf Reserve Program Design$100,000
The Regents of the University of CaliforniaSanta Barbara, CA501(c)(3)Design Tools to Measure Fisheries Programs$100,000
Smithsonian InstitutionArlington, VA501(c)(3)Turf Reserve Design for Mesoamerican Reef and Data Analysis$37,184

International Summary

Offices
19
Employees
208
Spending
$10,491,523

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram Services-457$3,468,531
South AmericaProgram Services-318$2,592,600
East Asia and the PacificProgram Services-457$986,077
Sub-saharan AfricaProgram Services-16$728,895
Europe (including Iceland & Greenland)FundraisingCommunity Education on Conservation Behavior Change15$569,502
South AmericaGrants to RecipientsWatershed Protection and Fisheries Conservation00$510,379
East Asia and the PacificFundraising-457$462,062
North AmericaProgram Services-13$267,796
Central America and the CaribbeanGrants to RecipientsTraining Workshops on Local Conservation Methods00$264,124
Europe (including Iceland & Greenland)Program Services-15$201,993
Sub-saharan AfricaGrants to RecipientsSmall Scale Fisheries Program Design and Community Education on Behavior Change00$152,439
East Asia and the PacificGrants to RecipientsSmall Scale Fisheries Program Design and Community Education on Behavior Change00$100,876
South AsiaGrants to RecipientsCampaigning for Conservation Training Event00$97,040
North AmericaGrants to RecipientsSustainable Agriculture Program00$52,429
South AsiaProgram Services-00$36,780
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lindblad ExpeditionsENTITY MORE THAN 35% OWNED BY SVEN LINDBLAD, TRUSTEEIndependent Contractor ArrangementNo$421,875
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Invested Funds Due to Related Party$5,328,750
Deferred Compensation Liability$1,565,235
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board members were given a copy of the return to review and approve before filing with the irs.

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

Upon joining, staff and board members are required to sign a conflict of interest disclosure statement indicating the capacity in which you are serving the organization, any affiliations with rare's business partners, or any benefit gained through a rare business transaction. Detailed information on any such potential conflict must be fully disclosed on the form. Annually, staff and board members are required to provide any updates.

Form 990, Part VI, Section B, Line 15

Annually, rare staff compiles data from current market compensation surveys and other relevant research in addition to a self evaluation of the ceo and coo to be submitted to the finance and hr committee for review. The finance and hr committee, based on the information received, recommends compensation adjustments for the ceo and coo to the full board of trustees for final approval. Rare hires a firm to review the compensation of those in a position to exercise substantial influence with respect to rare's affairs to provide an opinion on the reasonableness of their compensation.

Form 990, Part VI, Section C, Line 19

Rare makes its governing documents, conflict of interest policy, and financial statements available upon request for the same period of disclosure as set forth in section 6104(d).

Filing and Contact Details

Filer

Filer Name
Rare
EIN
23-7380563
Phone
7035225070
Address
1310 NORTH COURTHOUSE RD NO 110, ARLINGTON, VA 22201

Signing Officer

Name
Niels Crone
Title
COO
Phone
7035225070
Signed
2019-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Jenks
Formed
1974
Legal Domicile
Va
Voting Board Members
19
Independent Board Members
17
Employees
104
Volunteers
2,444

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Kristen Barnett CPA
Phone
7033366400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Vulnerable people depend on the remaining forests, wetlands and coral reefs- and balancing how we use and preserve these resources requires us to change our relationship with nature. Rare is the leading behavior change organization in conservation. We specialize in proven locally-led solutions which we bring to regional and national scale around the world. For more than 40 years, rare has launched over 450 behavior change campaigns (known as "pride") in more than 50 countries, inspiring local communities to adopt more sustainable fishing habits, end deforestation, preserve habitat, and save species. Pride increases and accelerates the adoption of conservation solutions- and the change lasts. Rare's people-centered, participatory approach to conservation empowers local leaders and elevates the role of fishers, farmers, and other people who depend on nature in local decision-making and governance. This community-led approach is buoyed by partnerships with officials at all levels of governmentfrom mayors to ministersand with public and private institutions, universities and other organizations capable of removing barriers and paving the way for enduring solutions.

Form 990, Part IX, Line 11G

Consultants: program service expenses 2,523,549. Management and general expenses 0. Fundraising expenses 109,150. Total expenses 2,632,699.

FORM 990, PART XII, LINE 2C:

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

FORM 990, PART I, LINE 5:

Part i, line 5 only reflects the number of employees receiving form w-2 (80). The total number of worldwide employees is 156.

Financial Statement Notes

PART X, LINE 2:

Rare is exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). Rare is subject to unrelated business income taxes under section 511 of the irc; however, in the opinion of management, no provision for income taxes is required to be made. Rare follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, rare may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. Management evaluated rare's tax positions and concluded that rare had taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with the provisions of this guidance. Generally, rare is no longer subject to income tax examinations by the u.s. Federal, state or local tax authorities for years before 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Portfolio interest meloy fund i lp included in consol. Financial statement 106,381. Contribution by limited partners to meloy fund i lp included in consol. Fs 1,615,250. Change in unrealized loss on privately held securities -142,046. Elimination entry included in consolidated financial statements -319,230.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses of meloy fund i lp included in consolidated financial statements 621,236. Elimination entry included in consolidated financial statements -319,230.

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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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IRS990/Desc0FISH FOREVER:FISH FOREVER IS RARE'S COMPREHENSIVE AND COMMUNITY-LED SOLUTION FOR REVITALIZING COASTAL MARINE HABITATS, SUCH AS CORAL REEFS, MANGROVES AND SEAGRASSES, PROTECTING BIODIVERSITY, AND SECURING THE LIVELIHOODS OF FISHER HOUSEHOLDS AND THEIR COMMUNITIES. IT USES AN INNOVATIVE APPROACH TO ADDRESS COASTAL OVERFISHING- BY EMPOWERING COMMUNITIES THROUGH CLEAR RIGHTS, STRONG GOVERNANCE, LOCAL LEADERSHIP, AND PARTICIPATORY MANAGEMENT- THAT PROTECTS ESSENTIAL FISH HABITAT AND REGULATES FISHING ACTIVITIES.RARE'S VISION IS TO TRANSFORM THE MANAGEMENT OF COASTAL FISHERIES BY PAIRING A PROVEN LOCAL SOLUTION, COMMUNITY-BASED MANAGEMENT, WITH A UNIQUE DELIVERY METHOD BASED ON BEHAVIORAL INSIGHTS AND SOCIAL MARKETING PRINCIPLES TO ENGAGE AND MOBILIZE THOSE COMMUNITIES. OUR WORK LEADS TO MORE ABUNDANT MARINE LIFE AND HEALTHIER COASTAL HABITATS. FOR THE COMMUNITIES WE SERVE, OUR WORK HELPS ENSURE MORE SUSTAINABLE FOOD SUPPLY, IMPROVED SOCIAL EQUITY, AND GREATER RESILIENCE TO EXTERNAL IMPACTS-ESPECIALLY THOSE RELATED TO CLIMATE CHANGE.IN 2018, RARE, THROUGH FISH FOREVER, UNDERTOOK A COMPREHENSIVE PROGRAM REVIEW OF 41 PROJECT SITES IN BRAZIL, INDONESIA, AND THE PHILIPPINES ENCOMPASSING 260 COMMUNITIES, 35,000 FISHERS, AND 570,000 PEOPLE, AND SYNTHESIZING SYNTHESIZED DATA FROM 2,400 IN-WATER SURVEYS OF CORAL REEFS, 15,000 INDIVIDUAL AND HOUSEHOLD SURVEYS, AND THE LANDING RECORDS FROM NEARLY 56,000 FISHING TRIPS. THE PROGRAM RESULTED IN 60 MANAGED ACCESS WITH RESERVE AREAS REPRESENTING 600,000 HECTARES OF COASTAL WATERS AND 27,000 HECTARES OF FULLY-PROTECTED RESERVES. AT 97% OF THE SITES, THE AMOUNT OF FISH REMAINED STABLE OR INCREASED. CORAL COVER REMAINED STABLE OR INCREASED INSIDE RESERVES AT 80% OF THE SITES. FIFTY-ONE LEGALLY-RECOGNIZED DECISION-MAKING BODIES REPRESENTING 259 COMMUNITIES WERE STRENGTHENED OR ESTABLISHED TO OVERSEE MANAGED ACCESS WATERS, RESERVES, AND FISHING ACTIVITIES. THE PROGRAM INCREASED PARTICIPATION IN FISHERIES MANAGEMENT AND CONFIDENCE IN FOOD AND ECONOMIC SECURITY; STRENGTHENED POLICIES AND GOVERNANCE TO PROVIDE A CLEAR PATH TO SCALE; AND BUILT RECOGNITION THAT SUSTAINABLE SMALL-SCALE FISHERIES ADDRESS AT LEAST SIX OF THE UN'S SUSTAINABLE DEVELOPMENT GOALS.IN 2018, FISH FOREVER ALSO EXPANDED TO GUATEMALA, BELIZE, MEXICO, AND HONDURAS, BRINGING OUR COMPREHENSIVE APPROACH TO THE COMMUNITIES ALONG THE MESOAMERICAN REEF.
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