Civic Intelligence

Prime Coalition Inc.

990 • Fiscal year 2019 • EIN 46-4621007

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.PRIMECOALITION.ORG
625 Massachusetts Avenue 2nd FloorCambridge, MA 02139

(585) 662-8045

Siviq Scores

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

Liabilities / Assets

67th percentile

0.40x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.90x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

84th percentile

$361,475

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

98th percentile

134%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

88%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$20,928,000

Up $11,966,226 (+134%) from 2018

Net Assets

Up

$12,493,544

Up $8,271,472 (+196%) from 2018

Liabilities

Up

$8,434,456

Up $3,694,754 (+78%) from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin95th percentile

Revenue

Up

$9,326,713

Up $4,356,466 (+88%) from 2018

Expenses

Up

$2,800,112

Up $1,618,942 (+137%) from 2018

Net Income

Up

$6,526,601

Up $2,737,524 (+72%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$150M$100M$50M$0Assets 2014: $145,776Liabilities 2014: $6,813Net Assets 2014: $138,9632014Assets 2015: $681,628Liabilities 2015: $13,184Net Assets 2015: $668,4442015Assets 2016: $533,157Liabilities 2016: $33,357Net Assets 2016: $499,8002016Assets 2017: $367,236Liabilities 2017: $73,942Net Assets 2017: $293,2942017Assets 2018: $8,961,774Liabilities 2018: $4,739,702Net Assets 2018: $4,222,0722018Assets 2019: $20,928,000Liabilities 2019: $8,434,456Net Assets 2019: $12,493,5442019Assets 2020: $28,560,851Liabilities 2020: $8,642,799Net Assets 2020: $19,918,0522020Assets 2021: $72,346,698Liabilities 2021: $21,960,061Net Assets 2021: $50,386,6372021Assets 2022: $108,161,828Liabilities 2022: $30,223,032Net Assets 2022: $77,938,7962022Assets 2023: $94,941,276Liabilities 2023: $36,318,078Net Assets 2023: $58,623,1982023Assets 2024: $89,941,716Liabilities 2024: $28,525,420Net Assets 2024: $61,416,2962024

Highlighted filing

2019

Assets$20,928,000
Liabilities$8,434,456
Net Assets$12,493,544
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

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

$30M$20M$10M$0-$10MRevenue 2014: $312,941Expenses 2014: $173,978Net Income 2014: $138,9632014Revenue 2015: $882,556Expenses 2015: $353,075Net Income 2015: $529,4812015Revenue 2016: $444,500Expenses 2016: $613,144Net Income 2016: -$168,6442016Revenue 2017: $388,306Expenses 2017: $594,812Net Income 2017: -$206,5062017Revenue 2018: $4,970,247Expenses 2018: $1,181,170Net Income 2018: $3,789,0772018Revenue 2019: $9,326,713Expenses 2019: $2,800,112Net Income 2019: $6,526,6012019Revenue 2020: $7,804,885Expenses 2020: $3,862,633Net Income 2020: $3,942,2522020Revenue 2021: $20,923,996Expenses 2021: $5,007,766Net Income 2021: $15,916,2302021Revenue 2022: $11,482,211Expenses 2022: $6,662,730Net Income 2022: $4,819,4812022Revenue 2023: $9,932,163Expenses 2023: $10,541,829Net Income 2023: -$609,6662023Revenue 2024: $12,283,514Expenses 2024: $13,797,698Net Income 2024: -$1,514,1842024

Highlighted filing

2019

Revenue$9,326,713
Expenses$2,800,112
Net Income$6,526,601
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$9,326,713
Mission and Program Overview

Mission

To partner with mission-aligned investors to support market-driven solutions that combat climate change, have a high likelihood of eventually achieving commercial success, but will otherwise have a difficult time raising adequate financial support to scale.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$7,939,140$19,552,927▲ $11,613,787
Cash and Non-Interest-Bearing Accounts$831,325$798,747▼ $32,578
Accounts Receivable$191,309$557,116▲ $365,807
Total Assets$8,961,774$20,928,000▲ $11,966,226
Other Assets Total$0$19,210▲ $19,210
Liabilities
Other Liabilities$3,561,202$7,144,985▲ $3,583,783
Deferred Revenue$1,000,000$1,016,213▲ $16,213
Grants Payable$100,000$250,000▲ $150,000
Accounts Payable and Accrued Expenses$78,500$23,258▼ $55,242
Total Liabilities$4,739,702$8,434,456▲ $3,694,754
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,947,072$11,792,075▲ $7,845,003
Net Assets With Donor Restrictions$275,000$701,469▲ $426,469
Total Net Assets Fund Balance$4,222,072$12,493,544▲ $8,271,472
Total Liabilities and Net Assets / Fund Balance$8,961,774$20,928,000▲ $11,966,226

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$250,000--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew NordanManaging DirectorFT$259,993$101,482$361,475
Sarah KearneyExecutive DirectorFT$151,928$42,607$194,535
Johanna WolfsonPrincipalFT$140,000$46,667$186,667

Board Members and Trustees

NameTitle
Alicia SeigerDirector
Jeff MccarthyDirector
Nicole SystromDirector
Phil GuidiceDirector
Dr Brian Von HerzenDirector (from Dec 2019)
Fiona MurraySecretary
Geoff ChapinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pit Rho CorporationSoftware Development And Project Support1049 MAIN STREET, Evanston, WY 82930$264,804
Revenue and Support

Revenue Composition

Contributions and Grants
$8,456,933
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$869,780
All Other Contributions
$8,456,933
Change in Net Assets
$6,526,601

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,326,713
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$189,493
Total Revenue per Audited Statements
$9,516,206
Total Revenue per Form 990
$9,326,713
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,864,287
Salaries, Compensation, and Employee Benefits$825,825
Grants and Similar Amounts Paid$110,000
Total Fundraising Expense$22,375
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$708,199--$708,199
Current Officers, Directors, Trustees, and Key Employees$615,134$11,699$9,773$636,606
Travel$147,888$26,375$1,540$175,803
Other Salaries and Wages$133,192$27,017$8,426$168,635
Occupancy$55,022$48,154-$103,176
Fees for Services Accounting$53,145$34,508-$87,653
Grants to Domestic Orgs$60,000--$60,000
Foreign Grants$50,000--$50,000
Office Expenses$15,748$20,256-$36,004
Fees for Services Other$4,014$24,783-$28,797
Payroll Taxes$18,600$641$1,343$20,584
Insurance$14,040$3,173-$17,213
Fees for Services Legal$12,971$1,477-$14,448
Advertising$8,770$2,587-$11,357
Conferences and Meetings$3,460$335$250$4,045
Other Expenses$249$419$24$692
Total Functional Expenses$2,532,246$245,491$22,375$2,800,112

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,989,605
Expenses per Audited Statements$2,800,112
Total Expenses per Form 990$2,800,112
Expenses Not Reported on Form 990$189,493
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Worcester Polytechnic InstituteWorcester, MA501(c)(3)To Support Carbon Capture Research by Graduate and Postdoctoral Fellows.$60,000

International Summary

Offices
0
Employees
0
Spending
$50,000

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
North AmericaGrants to Recipients Located in Region-00$50,000
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
Master Funding Agreement Loans$6,325,022
Interest Payable$819,963
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
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 organization's executive director reviews all the line items on the form 990. Once she feels the form 990 is complete and accurate an electronic version of the form 990 is mailed to each board member for review.”

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

“The organization monitored and enforced compliance with the policy throughout the year by communicating regularly with all necessary parties.”

Form 990, Part VI, Section B, Line 15

“The compensation of the executive director is determined by an independent board on an annual basis.”

Form 990, Part VI, Section C, Line 18

“The organization's form 990 is located on guidestar and charity navigator. Upon request, the organization will send electronically or mail a copy of the form 1023 or 990 to the requestee.”

Form 990, Part VI, Section C, Line 19

“Upon request, the organization will make available to the public its governing documents and its conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
Prime Coalition Inc
EIN
46-4621007
Phone
5856628045
Address
625 MASSACHUSETTS AVENUE 2ND FLOOR, CAMBRIDGE, MA 02139

Signing Officer

Name
Sarah Kearney
Title
Executive Director
Phone
5856628045
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Kearney
Formed
2014
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
7
Employees
12
Volunteers
26

Preparer

Firm
Rsm US Llp
Address
4 TIMES SQUARE, NEW YORK, NY 10036
Preparer
Zachary Segal
Phone
2123721000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization follows the fasb asc 740, income taxes, which clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold a tax position is required to meet before being recognized in the consolidated financial statements. The organization recognizes a 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. Management evaluated the organization's tax positions and concluded that the organization has no material uncertainities in income taxes as of december 31, 2019 and 2018. The organization is no longer subject to income tax examiniations by the u.s. Federal, state, or local tax authorities for fiscal years before 2016.”

Raw XML AppendixShowing 400 of 621 raw XML fields

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/InterestGrp/TotalAmt0708199
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07939140
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt019552927
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PARTNER WITH MISSION-ALIGNED INVESTORS TO SUPPORT MARKET-DRIVEN SOLUTIONS THAT COMBAT CLIMATE CHANGE, HAVE A HIGH LIKELIHOOD OF EVENTUALLY ACHIEVING COMMERCIAL SUCCESS, BUT WILL OTHERWISE HAVE A DIFFICULT TIME RAISING ADEQUATE FINANCIAL SUPPORT TO SCALE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04222072
IRS990/NetAssetsOrFundBalancesEOYAmt012493544
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01744871
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03947072
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011792075
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt048154
IRS990/OccupancyGrp/ProgramServicesAmt055022
IRS990/OccupancyGrp/TotalAmt0103176
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt020256
IRS990/OfficeExpensesGrp/ProgramServicesAmt015748
IRS990/OfficeExpensesGrp/TotalAmt036004
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt019210
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUBCONTRACTORS
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt01019
IRS990/OtherExpensesGrp/FundraisingAmt124
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044067
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1419
IRS990/OtherExpensesGrp/ProgramServicesAmt0622896
IRS990/OtherExpensesGrp/ProgramServicesAmt18918
IRS990/OtherExpensesGrp/ProgramServicesAmt2249
IRS990/OtherExpensesGrp/TotalAmt0667982
IRS990/OtherExpensesGrp/TotalAmt18918
IRS990/OtherExpensesGrp/TotalAmt2692
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt03561202
IRS990/OtherLiabilitiesGrp/EOYAmt07144985
IRS990/OtherRevenueMiscGrp/BusinessCd0541610
IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0869780
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0869780
IRS990/OtherRevenueTotalAmt0869780
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08426
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027017
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0133192
IRS990/OtherSalariesAndWagesGrp/TotalAmt0168635
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01343
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0641
IRS990/PayrollTaxesGrp/ProgramServicesAmt018600
IRS990/PayrollTaxesGrp/TotalAmt020584
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SARAH KEARNEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04840577
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0252200
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0593560
IRS990/PYOtherRevenueAmt0129670
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03789077
IRS990/PYSalariesCompEmpBnftPaidAmt0335410
IRS990/PYTotalExpensesAmt01181170
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04970247
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt06526601
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt08456933
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04840577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0388306
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0444500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0882556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015012872
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0999450
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66200
IRS990ScheduleA/PublicSupportTotal170Amt09938900
IRS990ScheduleA/SubstantialContributorsTotAmt05073972
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt08456933
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04840577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0388306
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0444500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0882556
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015012872
IRS990ScheduleA/TotalSupportAmt015012872
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0189493
IRS990ScheduleD/DonatedServicesUseFcltsAmt0189493
IRS990ScheduleD/ExpensesNotReportedAmt0189493
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02800112
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0819963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16325022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MASTER FUNDING AGREEMENT LOANS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt019301927
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2250000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS IN SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS IN SUBSIDIARY
IRS990ScheduleD/OtherSecuritiesGrp/Desc2MASTER FUNDING AGREEMENT LOANS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt0189493
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09326713
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES A 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. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS NO MATERIAL UNCERTAINITIES IN INCOME TAXES AS OF DECEMBER 31, 2019 AND 2018. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINIATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt019552927
IRS990ScheduleD/TotalExpensesPerForm990Amt02800112
IRS990ScheduleD/TotalLiabilityAmt07144985
IRS990ScheduleD/TotalRevenuePerForm990Amt09326713
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09516206
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02989605
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt050000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN REGION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt050000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE PRIME TEAM SCHEDULED FREQUENT MONTHLY VIDEO CALLS WITH THE GRANTEE TO REVIEW PROGRESS, ANSWER QUESTIONS, AND PROVIDE FEEDBACK ON NEXT STEPS. PRIME MONITORED THE USE OF THE FUNDS TO ENSURE THE FURTHERANCE OF PRIME'S EXEMPT PURPOSE. PROJECT RESULTS WERE INCORPORATED INTO PRIME'S PROGRAMMATIC WORK.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt050000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt060000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT CARBON CAPTURE RESEARCH BY GRADUATE AND POSTDOCTORAL FELLOWS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WORCESTER POLYTECHNIC INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientEIN0042121659
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0100 INSTITUTE ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WORCESTER
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001609
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE PRIME TEAM SCHEDULED FREQUENT MONTHLY VIDEO CALLS WITH THE GRANTEE TO REVIEW PROGRESS, ANSWER QUESTIONS, AND PROVIDE FEEDBACK ON NEXT STEPS. PRIME MONITORED THE USE OF THE FUNDS TO ENSURE THE FURTHERANCE OF PRIME'S EXEMPT PURPOSE. PROJECT RESULTS WERE INCORPORATED INTO PRIME'S PROGRAMMATIC WORK.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,928,000
Liabilities
$8,434,456
Net assets
$12,493,544
Revenue
$9,326,713
Expenses
$2,800,112
Net income
$6,526,601
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.9$28.5$61.4$12.3$13.8$1.51
2023Detailed filing. Detailed filing data is available for this year.$94.9$36.3$58.6$9.93$10.5$0.61
2022Detailed filing. Detailed filing data is available for this year.$108$30.2$77.9$11.5$6.66$4.82
2021Detailed filing. Detailed filing data is available for this year.$72.3$22.0$50.4$20.9$5.01$15.9
2020Detailed filing. Detailed filing data is available for this year.$28.6$8.64$19.9$7.80$3.86$3.94
2019Detailed filing. Detailed filing data is available for this year.$20.9$8.43$12.5$9.33$2.80$6.53
2018Detailed filing. Detailed filing data is available for this year.$8.96$4.74$4.22$4.97$1.18$3.79
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.07$0.29$0.39$0.59$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.53$0.03$0.50$0.44$0.61$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.88$0.35$0.53
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.01$0.14$0.31$0.17$0.14