Civic Intelligence

Project Drawdown

990 • Fiscal year 2023 • EIN 38-3705448

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

428 Minnesota St 500St Paul, MN 55101

(651) 243-3116

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.04x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

22nd percentile

0.04x

Higher debt load relative to revenue than 22% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

49th percentile

3.7%

Higher net margin than 49% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$423,932

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

79th percentile

23%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

44%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,623,077

Up $865,954 (+23%) from 2022

Net Assets

Up

$4,417,470

Up $843,382 (+24%) from 2022

Liabilities

Up

$205,607

Up $22,572 (+12%) from 2022

Revenue

Up

$5,275,472

Up $1,617,270 (+44%) from 2022

Expenses

Up

$5,081,083

Up $309,864 (+6.5%) from 2022

Net Income

Up

$194,389

Up $1,307,406 (+117%) from 2022

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

2023

Assets$4,623,077
Liabilities$205,607
Net Assets$4,417,470

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

2023

Revenue$5,275,472
Expenses$5,081,083
Net Income$194,389
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$5,284,184
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.

Project Drawdowns mission is to help the world stop climate changeas quickly, safely, and equitably as possible. Project Drawdown does this by advancing effective, science-based climate solutions and strategies; fostering bold, new climate leadership; and promoting new climate narratives and new voices.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$3,808,631-
Cash and Non-Interest-Bearing Accounts$3,346,418$458,430▼ $2,887,988
Pledges and Grants Receivable$301,100$230,250▼ $70,850
Intangible Assets-$50,000-
Investments Other Securities$44,085$44,085→ $0
Land, Buildings, and Equipment, Net$21,700$22,636▲ $936
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-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,757,123$4,623,077▲ $865,954
Other Assets Total$43,820$9,045▼ $34,775
Liabilities
Accounts Payable and Accrued Expenses$183,035$205,607▲ $22,572
Total Liabilities$183,035$205,607▲ $22,572
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,790,080$2,744,264▼ $45,816
Net Assets With Donor Restrictions$784,008$1,673,206▲ $889,198
Total Net Assets Fund Balance$3,574,088$4,417,470▲ $843,382
Total Liabilities and Net Assets / Fund Balance$3,757,123$4,623,077▲ $865,954

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,636$10,313$32,949
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan FoleyExecutive DirectorFT$423,932$423,932
Elizabeth BagleyManaging DirectorFT$217,647$217,647
Todd ReuboldMarketing DirectorFT$183,780$183,780
Jamie AlexanderDrawdown LabsFT$175,000$175,000
Matthew ScottDirectorFT$160,042$160,042
Reshma PattniOperations DirectorFT$159,426$159,426

Board Members and Trustees

NameTitle
Bradley PalmerChairman
Stephen NicoleauPresident
Kristall LaursenDevelopment Director
Angela MwanzaDirector
Jonathan WoetzalDirector
Laura SeydelDirector
Peggy LiuDirector
Kristen PattersonDrawdwn Lift
Jennifer CaldwellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,722,106
Program Service Revenue
$392,000
Investment Income
$102,411
Other Revenue
$58,955
All Other Contributions
$4,722,106
Change in Net Assets
$194,389

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,275,472
Revenue Not Reported on Form 990
$648,993
Total Revenue per Audited Statements
$5,924,465
Total Revenue per Form 990
$5,275,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,689,021
Other Expenses$1,392,062
Total Fundraising Expense$353,775
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,538,787$49,725$123,327$1,711,839
Current Officers, Directors, Trustees, and Key Employees$792,040$427,473$134,750$1,354,263
Advertising$693,037--$693,037
Other Employee Benefits$195,697$42,202$29,918$267,817
Payroll Taxes$157,817$32,743$17,981$208,541
Pension Plan Contributions$107,320$25,343$13,898$146,561
Travel$76,039$43,962$10,049$130,050
Fees for Services Other-$107,103-$107,103
Office Expenses$23,892$37,480$2,792$64,164
All Other Expenses$25,784$2,463$569$28,816
Other Expenses$25,999$23,925$69$25,999
Insurance-$13,660-$13,660
Depreciation Depletion-$5,886-$5,886
Occupancy-$613-$613
Total Functional Expenses$3,885,050$842,258$353,775$5,081,083

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,081,083
Total Expenses per Audited Statements$5,081,083
Total Expenses per Form 990$5,081,083
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, Section B, Line 11B

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, Section B, Line 12C

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, Section B, Line 15B

The organization conducts a online market research for comparable organizations.

Form 990, Part VI, Section C, Line 19

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
6512433116
Address
428 MINNESOTA ST 500, ST PAUL, MN 55101

Signing Officer

Name
Jonathan Foley
Title
Executive Director
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jonathan Foley
Formed
2005
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
29

Preparer

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

Additional Explanations

Form 990, Part III, Line 4D

OTHER PROGRAM SERVICES 4: Drawdown LabsThis program is a testing ground for how the private sector can accelerate the scaling of climate solutions quickly, safely, and equitably. Leveraging world-class research and analysis and the cross-industry capabilities of climate-leading businesses, philanthropists, and investors, Drawdown Labs offers the world powerful and attainable ways of addressing the climate crisis at scale. Drawdown Labs includes the Business Coalition and Capital Coalition.We inspired and empowered business leaders to take bold positions and strategically embed climate solutions throughout their operations. We guided impact investors, philanthropists, and others to strategically direct resources to the most important and impactful climate solutions. Drawdown Labs inspired development of Googles Sustainability Marketing Playbook, and the American Red Cross is using Climate Solutions 101 course to engage its employees around climate solutions. We educated hundreds of MBA students on climate issues through the virtual ClimateCAP MBA Academy. Our Job Function Action Guides for product managers, product designers, and engineers brought the total number of job functions covered to 10 with more than 100,000 downloads. The guides were embedded into LinkedIns new Sustainability Resource Hub, putting them at the fingertips of 900 million LinkedIn users, and have been adopted by employees at Golden State Warriors and Google. Project Drawdowns Capital Coalition, launched in late 2023, is helping guide what will ultimately be billions of dollars of private capital toward the most effective climate solutions. Saving (for) the Planet, which was published in December and had 33,000 views in its first month of publication, offered insights on how individuals can leverage the power of personal banking to advance climate solutions and was featured in articles in dozens of media outlets, including WIRED and Fast Company. OTHER PROGRAM SERVICES 5: Drawdown StoriesDrawdown Stories leverages storytelling and engagement as a bridge between science-based climate solutions and everyday people looking to find their roles in stopping climate change. Drawdown Stories includes Drawdowns Neighborhood and the Global Solutions Diary.We shifted the conversation from doom and despair to hope and possibility and passed the mic to underrepresented climate heroes. Drawdown Stories showcased dozens of climate solutions heroes from Black and Brown communities in Minneapolis, St. Paul, New Orleans, Newark, New Haven, and the Bronx. The Weather Channels streaming channel Pattrn signed a distribution deal to feature Drawdowns Neighborhood episodes with people across the U.S. Other outlets, including Newsweek, also featured Drawdowns Neighborhood climate heroes. Drawdowns Neighborhood participants reported greater recognition for their work, identities, experiences, and leadership, new connections with networks and growth opportunities, and increased confidence in their stories and roles in the climate movement. Drawdown Stories connected with thousands, including through engagements with the Climate Museum, Ecochallenge.org, FEMA, the Great Northern Festival, the National Environmental Justice Conference, Pinterest, Planet Forward, the Society of Environmental Journalists, and more.

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IRS990/Desc0CommunicationsThis program includes the marketing and communications team which supports Project Drawdowns people and programs to expand the Organizations reach, influence, and impact with target audiences.Our new Drawdown Ignite webinar series shared insights on the climate change trajectory, capitalism and climate change, the transformational power of storytelling, and more with thousands of viewers from around the world. Our Drawdown Ignite webinar series has been viewed more than 10,000 times live and via YouTube since it premiered in May. We collaborated with Ecochallenge.org to guide more than 3,500 participants from 63 countries to complete nearly 65,000 climate solutions actions. Three webinars we hosted as part of the initiative educated more than 1,000 attendees at the intersection of climate solutions and communities, business, and academia. We encouraged and empowered hundreds of members of journalist organizations around the world to include a focus on climate solutions in their reporting. Our growing visibility as trusted nonpartisan experts garnered media appearances at Newsweek, Al Jazeera, The New York Times, Eurasia Review, Prevention, CleanTechnica, Africa Times, CNBC, The Washington Post, National Public Radio, The World Economic Forum, The Weather Channel, Scientific American, and more. We also launched Discover a customizable web portal providing one-stop access to Project Drawdowns wealth of videos, action guides, updates, and more. We had 937,000 users access climate solutions on our website, with 141 countries represented.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2MARKETING DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DRAWDOWN LABS
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Operations Dir
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13DEVELOPMENT DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DRAWDWN LIFT
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IRS990/MissionDesc0Project Drawdowns mission is to help the world stop climate changeas quickly, safely, and equitably as possible. Project Drawdown does this by advancing effective, science-based climate solutions and strategies; fostering bold, new climate leadership; and promoting new climate narratives and new voices.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ScienceDrawdown Science develops and disseminates science-based strategies for accelerating adoption of climate solutions. This program aims to determine when and how reaching Drawdown is possible, using existing, well-proven, scalable climate solutions. To uncover that answer, the Science team reviews and evaluates the potential performance of diverse technologies and practices that reduce GHG emissions and/or enhance carbon sequestrations from the atmosphere while providing many co-benefits to human society. We used science to identify the most effective whole system solutions and strategies for halting climate change, and served as trusted thought leaders in the global climate solutions space. The Drawdown Roadmap video series launched in April 2023 and is providing policymakers, business leaders, philanthropists, impact investors, and others with insights on how to identify and deploy the most impactful climate actions with respect to timing, geography, co-benefits, and barriers. To date, we have had 4 million online views of the series. Project Drawdown participated in climate negotiations in Bonn in July and Climate Week NYC in September, and helped develop the fifth U.S. National Climate Assessment, effectively engaging and guiding the direction of national and global climate policy.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0871484
IRS990/ProgSrvcAccomActy3Grp/Desc0Drawdown LabsThis program is a testing ground for how the private sector can accelerate the scaling of climate solutions quickly, safely, and equitably. Leveraging world-class research and analysis and the cross-industry capabilities of climate-leading businesses, philanthropists, and investors, Drawdown Labs offers the world powerful and attainable ways of addressing the climate crisis at scale. Drawdown Labs includes the Business Coalition and Capital Coalition.We inspired and empowered business leaders to take bold positions and strategically embed climate solutions throughout their operations. We guided impact investors, philanthropists, and others to strategically direct resources to the most important and impactful climate solutions. Drawdown Labs inspired development of Googles Sustainability Marketing Playbook, and the American Red Cross is using Climate Solutions 101 course to engage its employees around climate solutions. We educated hundreds of MBA students on climate issues through the virtual ClimateCAP MBA Academy. Our Job Function Action Guides for product managers, product designers, and engineers brought the total number of job functions covered to 10 with more than 100,000 downloads. The guides were embedded into LinkedIns new Sustainability Resource Hub, putting them at the fingertips of 900 million LinkedIn users, and have been adopted by employees at Golden State Warriors and Google. Project Drawdowns Capital Coalition, launched in late 2023, is helping guide what will ultimately be billions of dollars of private capital toward the most effective climate solutions. Saving (for) the Planet, which was published in December and had 33,000 views in its first month of publication, offered insights on how individuals can leverage the power of personal banking to advance climate solutions and was featured in articles in dozens of media outlets, including WIRED and Fast Company.
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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.$8.54$0.34$8.21$8.27$4.48$3.79
2023Detailed filing. Detailed filing data is available for this year.$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
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$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