Civic Intelligence

Project Drawdown

990 • Fiscal year 2021 • EIN 38-3705448

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

3450 Sacramento Street 506San Francisco, CA 94118

(207) 206-4634

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

47th percentile

0.08x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

43rd percentile

8.6%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

97th percentile

$435,976

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

53rd percentile

11%

Faster asset growth than 53% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,426,506

Up $424,609 (+11%) from 2020

Net Assets

Up

$4,102,315

Up $368,404 (+9.9%) from 2020

Liabilities

Up

$324,191

Up $56,205 (+21%) from 2020

Revenue

Down

$4,278,877

Down $1,369,784 (-24%) from 2020

Expenses

Up

$3,910,473

Up $1,393,296 (+55%) from 2020

Net Income

Down

$368,404

Down $2,763,080 (-88%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $521,759Liabilities 2011: $23,480Net Assets 2011: $498,2792011Assets 2012: $528,978Liabilities 2012: $32,764Net Assets 2012: $496,2142012Assets 2013: $241,973Liabilities 2013: $7,278Net Assets 2013: $234,6952013Assets 2014: $22,781Liabilities 2014: $15,5632014Assets 2015: $159,453Liabilities 2015: $12,390Net Assets 2015: $147,0632015Assets 2016: $217,486Liabilities 2016: $77,523Net Assets 2016: $139,9632016Assets 2017: $252,950Liabilities 2017: $88,791Net Assets 2017: $164,1592017Assets 2018: $609,043Liabilities 2018: $92,899Net Assets 2018: $516,1442018Assets 2019: $642,337Liabilities 2019: $90,701Net Assets 2019: $551,6362019Assets 2020: $4,001,897Liabilities 2020: $267,986Net Assets 2020: $3,733,9112020Assets 2021: $4,426,506Liabilities 2021: $324,191Net Assets 2021: $4,102,3152021Assets 2022: $3,757,123Liabilities 2022: $183,035Net Assets 2022: $3,574,0882022Assets 2023: $4,623,077Liabilities 2023: $205,607Net Assets 2023: $4,417,4702023Assets 2024: $8,543,786Liabilities 2024: $336,476Net Assets 2024: $8,207,3102024

Highlighted filing

2021

Assets$4,426,506
Liabilities$324,191
Net Assets$4,102,315

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2011: $396,2952011Revenue 2012: $470,238Expenses 2012: $472,303Net Income 2012: -$2,0652012Revenue 2013: $71,570Expenses 2013: $333,089Net Income 2013: -$261,5192013Revenue 2014: $80,547Expenses 2014: $308,024Net Income 2014: -$227,4772014Revenue 2015: $716,234Expenses 2015: $576,389Net Income 2015: $139,8452015Revenue 2016: $1,158,862Expenses 2016: $1,165,962Net Income 2016: -$7,1002016Revenue 2017: $1,160,929Expenses 2017: $1,136,733Net Income 2017: $24,1962017Revenue 2018: $1,708,685Expenses 2018: $1,356,700Net Income 2018: $351,9852018Revenue 2019: $1,799,363Expenses 2019: $1,856,499Net Income 2019: -$57,1362019Revenue 2020: $5,648,661Expenses 2020: $2,517,177Net Income 2020: $3,131,4842020Revenue 2021: $4,278,877Expenses 2021: $3,910,473Net Income 2021: $368,4042021Revenue 2022: $3,658,202Expenses 2022: $4,771,219Net Income 2022: -$1,113,0172022Revenue 2023: $5,275,472Expenses 2023: $5,081,083Net Income 2023: $194,3892023Revenue 2024: $8,269,185Expenses 2024: $4,479,322Net Income 2024: $3,789,8632024

Highlighted filing

2021

Revenue$4,278,877
Expenses$3,910,473
Net Income$368,404
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$4,290,409
Mission and Program Overview

Mission

Project Drawdown is facilitating a broad coalition of researchers, scientists, graduate students, PhDs, post-docs, policy makers, business leaders and activists to assemble and present the best available information on climate solutions in order to describe their beneficial financial, social and environmental impact over the next thirty years.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,638,613$3,962,971▲ $1,324,358
Pledges and Grants Receivable$1,294,286$390,000▼ $904,286
Investments Other Securities$44,116$44,116→ $0
Land, Buildings, and Equipment, Net$14,019$23,261▲ $9,242
Investments in Publicly Traded Securities$4,862$158▼ $4,704
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$4,001,897$4,426,506▲ $424,609
Other Assets Total$6,001$6,000▼ $1
Liabilities
Accounts Payable and Accrued Expenses$192,986$199,191▲ $6,205
Deferred Revenue$75,000$125,000▲ $50,000
Total Liabilities$267,986$324,191▲ $56,205
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,137,441$2,505,845▲ $368,404
Net Assets With Donor Restrictions$1,596,470$1,596,470→ $0
Total Net Assets Fund Balance$3,733,911$4,102,315▲ $368,404
Total Liabilities and Net Assets / Fund Balance$4,001,897$4,426,506▲ $424,609

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$23,261$5,408$28,669
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jonathan FoleyExecutive DirectorFT$435,976$435,976$435,976
Crystall ChissellSenior DirectorFT$185,624$185,624$185,624
Todd ReuboldMarketing DirectorFT$185,577$185,577$185,577
Matthew ShambroomOperations DirectorFT$178,854$178,854$178,854
Chad FrischmannSenior DirectorFT$171,552$171,552$171,552

Board Members and Trustees

NameTitle
Bradley PalmerPresident
Jonathan WoetzalDirector
Laura SeydelDirector
MARTIN O'MALLEYDirector
Stephen NicoleauDirector
Jennifer CaldwellSecretary
Peggy LiuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,919,932
Program Service Revenue
$320,000
Investment Income
$176
Other Revenue
$38,769
All Other Contributions
$3,919,932
Change in Net Assets
$368,404

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,278,877
Total Revenue per Audited Statements
$4,278,877
Total Revenue per Form 990
$4,278,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,164,698
Other Expenses$745,775
Total Fundraising Expense$142,211
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,507,742$10,750$38,241$1,556,733
Current Officers, Directors, Trustees, and Key Employees$695,345$375,043$87,195$1,157,583
Fees for Services Management$335,277--$335,277
Other Employee Benefits$219,043$45,729$8,326$273,098
Payroll Taxes$145,632$24,238$7,414$177,284
Fees for Services Other$68,183$16,180-$84,363
Conferences and Meetings$43,210--$43,210
Information Technology$1,850$22,610$60$24,520
Travel$22,431$1,803-$24,234
All Other Expenses$1,340$21,972$285$23,597
Fees for Services Legal-$20,903-$20,903
Fees for Services Accounting-$16,549-$16,549
Advertising$14,954--$14,954
Other Expenses$9,983$11,852$367$11,852
Insurance-$8,390-$8,390
Office Expenses$3,325$1,926$323$5,574
Depreciation Depletion-$4,647-$4,647
Occupancy-$3,556-$3,556
Total Functional Expenses$3,174,136$594,126$142,211$3,910,473

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,910,473
Total Expenses per Audited Statements$3,910,473
Total Expenses per Form 990$3,910,473
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is e-mailed to the Director of Operations by the CPA prior to filing for review and comment. The electronic copy is then e-mailed to board members for their review. Majority of input on the Form 990 is from the Director of Operations and bookkeeper.Comments are then e-mailed to the CPA for incorporation into the final filing copy.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

A conflict of interest form is completed and signed by each board member regarding conflict of interest issues such as business relationships and compensation including certain payments made to key employees at the end of each board meeting in December 2011.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The organization conducts a online market research for comparable organizations.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's tax returns and any other related documents pertinent to the public's interest is made available to the public only upon request. The organization complies with all reasonable request for review of its records.

Filing and Contact Details

Filer

Filer Name
Project Drawdown
EIN
38-3705448
Phone
2072064634
Address
3450 SACRAMENTO STREET 506, SAN FRANCISCO, CA 94118

Signing Officer

Name
Jonathan Foley
Title
Executive Director
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Foley
Formed
2005
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
28

Preparer

Firm
Chuah Puentes LLP
Address
6360 Clark Avenue, Dublin, CA 94568
Preparer
Bunny Chuah CPA
Phone
9258032988
Supplemental Narrative

Additional Explanations

Statement Note 1

Audited financial statementsat the time of the preparation of the informational returns, the audited financial statements had not been issued. It is management's opinion that the financial statements used in the preparation of the informational returns would not be materially different from the audited financial statements when it is later released.

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: DRAWDOWN LIFTDrawdown Lift is Project Drawdowns approach to deepening collective understanding of the connections between climate change solutions and poverty alleviation, particularly in countries in Africa and South Asia. Drawdown Lift published a policy brief "Girls' Education and Family Planning: Essential Components of Climate Adaptation and Resilience" in both English and French, which was shared at COP26 by other leading organizations.Drawdown Lift supported the development of and signed the So Paulo Declaration on Planetary Health, which was published in The Lancet, and calls for a just, global transition in how we live ... to optimize the health and well-being of people and the living world in which we are embedded. OTHER PROGRAM SERVICES 5: DRAWDOWN LEARNDrawdown Learn is a broad initiative to encourage education and learning about climate solutions based on Project Drawdowns research, analysis, and insights. Through our programs and partnerships, we engage people of all ages in climate solutions and create new ways of teaching and learning about how the world can reach Drawdown.Drawdown Learn produced Climate Solutions 101 the worlds first major educational effort focused on climate solutions. This 6-unit course combines Project Drawdowns trusted knowledge and insights with inspiring voices from around the world, and has more than a million views globally. OTHER PROGRAM SERVICES 6: DRAWDOWN LABSDrawdown Labs is Project Drawdowns testing ground for how the private sector can accelerate the scaling of climate solutions quickly, safely, and equitably. Leveraging world-class research and analysis from Project Drawdown and the cross-industry capabilities of climate-leading businesses, philanthropists and investors, Drawdown Labs offers the world powerfuland attainableways of addressing the climate crisis at scale.Drawdown Labs published Climate Solutions at Work a guide for employees seeking to help companies take bolder climate action. It has been downloaded thousands of times, presented to more than 1,000 employees across hundreds of businesses, and been in major media outlets including NPR, Fast Company, GreenBiz, and others.Project Drawdown provided insights to dozens of philanthropies, start-ups, and investors on the most impactful climate solutions, helping shape strategies for high-impact climate financing. In 2021 these conversations led to more than $2 billion in new investments in drawdown-aligned climate solutions.Project Drawdown experts served as advisors for the Count Us In climate action campaign developed by Netflix, ENGIE Impact, and Rare in parallel with the Academy Awardnominated Netflix film Dont Look Up. OTHER PROGRAM SERVICES 7: DRAWDOWN SOLUTIONSIn Drawdown Solutions, our research team seeks to determine whether reaching drawdown is possible, using existing and well-proven climate solutions, and to quantify and compare the potential impact of those solutions. Nearly a dozen top-tier scientists from around the world updated the cost-benefit analyses for the entire Drawdown System of Solutions and analyzed 11 new solutions.

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IRS990/Desc0RESEARCHThe Drawdown Research program aims to determine when and how reaching Drawdown is possible, using existing, well-proven and scalable climate solutions. To uncover that answer, the research team, reviews and evaluates the potential performance of diverse technologies and practices that reduce greenhouse gas emissions and/or enhance carbon sequestration from the atmosphere while providing many co-benefits to human society.
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IRS990/MissionDesc0Project Drawdown is facilitating a broad coalition of researchers, scientists, graduate students, PhDs, post-docs, policy makers, business leaders and activists to assemble and present the best available information on climate solutions in order to describe their beneficial financial, social and environmental impact over the next thirty years.
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IRS990/ProgSrvcAccomActy2Grp/Desc0MARKETING AND COMMUNICATIONSThe marketing and communications team supports and works with Project Drawdowns people and programs to expand the organizations reach, influence and impact with target audiences.From The Hill and Fast Company to Ms. Magazine and Scientific American, Project Drawdown experts published over a dozen op-eds and feature stories in top media outlets and were interviewed by leading journalists, TV anchors, and podcast hosts. Drawdown-aligned solutions were referenced in hundreds of popular press articles around the world
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IRS990/ProgSrvcAccomActy3Grp/Desc0DRAWDOWN LEARNDrawdown Learn is a broad initiative to encourage education and learning about climate solutions based on Project Drawdowns research, analysis, and insights. Through our programs and partnerships, we engage people of all ages in climate solutions and create new ways of teaching and learning about how the world can reach Drawdown.Drawdown Learn produced Climate Solutions 101 the worlds first major educational effort focused on climate solutions. This 6-unit course combines Project Drawdowns trusted knowledge and insights with inspiring voices from around the world, and has more than a million views globally.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.54$0.34$8.21$8.27$4.48$3.79
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.62$0.21$4.42$5.28$5.08$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$0.18$3.57$3.66$4.77$1.11
2021Detailed filing. Detailed filing data is available for this year.$4.43$0.32$4.10$4.28$3.91$0.37
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.00$0.27$3.73$5.65$2.52$3.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.09$0.55$1.80$1.86$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.09$0.52$1.71$1.36$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.09$0.16$1.16$1.14$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.08$0.14$1.16$1.17$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.01$0.15$0.72$0.58$0.14
2014Summary only. Only limited summary data is available for this year.$0.02$0.02$0.08$0.31$0.23
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.01$0.23$0.07$0.33$0.26
2012Summary only. Only limited summary data is available for this year.$0.53$0.03$0.50$0.47$0.47$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.02$0.50$0.40
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits