Civic Intelligence

Pack Green Coalition

990 • Fiscal year 2023 • EIN 87-3933290

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 22, 2024

3 East 28th Street 8th FLNew York, NY 10016

(215) 681-7665

Siviq Scores

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

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

92nd percentile

$74,165

Higher top officer pay than 92% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

2nd percentile

-95%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$14,128

Down $245,034 (-95%) from 2022

Net Assets

Down

$14,128

Down $245,034 (-95%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$0

Down $915,000 (-100%) from 2022

Expenses

Down

$245,034

Down $410,804 (-63%) from 2022

Net Income

Down

-$245,034

Down $504,196 (-195%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2022: $259,162Liabilities 2022: $0Net Assets 2022: $259,1622022Assets 2023: $14,128Liabilities 2023: $0Net Assets 2023: $14,1282023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2023

Assets$14,128
Liabilities$0
Net Assets$14,128

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2022: $915,000Expenses 2022: $655,838Net Income 2022: $259,1622022Revenue 2023: $0Expenses 2023: $245,034Net Income 2023: -$245,0342023Revenue 2024: $0Expenses 2024: $14,128Net Income 2024: -$14,1282024

Highlighted filing

2023

Revenue$0
Expenses$245,034
Net Income-$245,034
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 22, 2024
Return Version
2023v5.1
Gross Receipts
$0
Mission and Program Overview

Mission

The corporation is organized exclusively to create an industry-wide initiative to replace unnecessary plastic from the packaging supply chain with paper and other bio-based materials, which are more sustainable and environmentally-friendly alternatives.

The Corporation is organized exclusively to create an industry-wide initiative to replace unnecessary plastic from the packaging supply chain with paper and bio-based materials.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$259,162$14,128▼ $245,034
Rtn Earn Endowment Incm Other Fnds$259,162$14,128▼ $245,034
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$259,162$14,128▼ $245,034
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$259,162$14,128▼ $245,034
Total Liabilities and Net Assets / Fund Balance$259,162$14,128▼ $245,034
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James AsaliPresident/CEOFT$67,503$6,662$74,165

Board Members and Trustees

NameTitle
Omar AsaliDirector
David MurgioSecretary
Daniel NaccarellaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-245,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$164,462
Salaries, Compensation, and Employee Benefits$80,572
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$163,447
Current Officers, Directors, Trustees, and Key Employees---$67,503
Other Employee Benefits---$6,662
Payroll Taxes---$6,407
Office Expenses---$1,015
Total Functional Expenses$0$0$0$245,034
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI, Line 6

Park Green Coalition is a District of Columbia nonprofit corporation within the meaning of Sec. 501(c)(6) of the Internal Revenue Code. The Corporation is organized specifically to create an industry-wide initiative to replace unnecessary plastic from the packaging supply chain with paper and other bio-based materials, which are more sustainable and environmentally-friendly alternatives. Any person, association, corporation, partnership, or estate having an interest in the objectives of the organization shall be eligible for membership in the Corporation. Any applicant approved to be a member of the Corporation shall become a member upon payment of the regularly scheduled dues as provided in Section 3.03 of the Corporation Bylaws. During year 2022,JS Capital LLC, Omar M. Asali, Ranpak Corp, Charles and Lynn Schusterman Family Foundation and Soros Capital LP were approved and became members upon payment of membership dues.

Part VI, line 11B

The president and professional tax advisor have reviewed the draft of Form 990 and provided comments prior to its filing.

Part VI, line 19

Pack Green Coalition did not make its governing documents, conflict of interest policy, or financial statements available to the public during the tax year, but these documents are available for inspection upon request.

Part VI, line 12C

On an annual basis, all individuals subject to the Conflicts of Interest Policy are provided a copy of the policy and required to complete and sign an acknowledgement and disclosure form.

Part VI, line 15B

The process for determining the compensation for the President was conducted by the Approval Body relying on comparability data such as comparable organization size, structure, location, and type of programs/activities. The Approval Body maintains concurrent documentation of the terms of the compensation and date approved, members of the Approval Body, the comparability data relied upon and how obtained. No other officers or key employees received compensation.

Filing and Contact Details

Filer

Filer Name
Pack Green Coalition
EIN
87-3933290
In Care Of
% DANIEL NACCARELLA
Phone
2156817665
Address
3 EAST 28TH STREET 8TH FL, NEW YORK, NY 10016

Signing Officer

Name
James Asali
Title
President
Phone
2156817665
Signed
2024-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Asali
Formed
2021
Legal Domicile
Dc
Voting Board Members
2
Independent Board Members
1
Employees
1
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
One Manhattan West, NEW YORK, NY 10001-8604
Preparer
John Z Cao
Phone
2127733000
Supplemental Narrative

Additional Explanations

Part IX, line 11G

Consulting, advisory, branding & marketing fees $163,447

Form 990 Part IX Line 11G

Description:branding & marketing fees total fees:163447

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IRS990/MissionDesc0THE CORPORATION IS ORGANIZED EXCLUSIVELY TO CREATE AN INDUSTRY-WIDE INITIATIVE TO REPLACE UNNECESSARY PLASTIC FROM THE PACKAGING SUPPLY CHAIN WITH PAPER AND OTHER BIO-BASED MATERIALS, WHICH ARE MORE SUSTAINABLE AND ENVIRONMENTALLY-FRIENDLY ALTERNATIVES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Park Green Coalition is a District of Columbia nonprofit corporation within the meaning of Sec. 501(c)(6) of the Internal Revenue Code. The Corporation is organized specifically to create an industry-wide initiative to replace unnecessary plastic from the packaging supply chain with paper and other bio-based materials, which are more sustainable and environmentally-friendly alternatives. Any person, association, corporation, partnership, or estate having an interest in the objectives of the organization shall be eligible for membership in the Corporation. Any applicant approved to be a member of the Corporation shall become a member upon payment of the regularly scheduled dues as provided in Section 3.03 of the Corporation Bylaws. During year 2022,JS Capital LLC, Omar M. Asali, Ranpak Corp, Charles and Lynn Schusterman Family Foundation and Soros Capital LP were approved and became members upon payment of membership dues.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The president and professional tax advisor have reviewed the draft of Form 990 and provided comments prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Pack Green Coalition did not make its governing documents, conflict of interest policy, or financial statements available to the public during the tax year, but these documents are available for inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING, ADVISORY, BRANDING & MARKETING FEES $163,447
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4On an annual basis, all individuals subject to the Conflicts of Interest Policy are provided a copy of the policy and required to complete and sign an acknowledgement and disclosure form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process for determining the compensation for the President was conducted by the Approval Body relying on comparability data such as comparable organization size, structure, location, and type of programs/activities. The Approval Body maintains concurrent documentation of the terms of the compensation and date approved, members of the Approval Body, the comparability data relied upon and how obtained. No other officers or key employees received compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:BRANDING & MARKETING FEES TOTAL FEES:163447
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 Part VI, Line 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 11G
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES ASALI
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-22
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John Z Cao
ReturnHeader/ReturnTs02024-11-22T15:39:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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