2024-10-31T12:36:46-05:00 2023-12-31 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2023-01-01 464621007 PRIME COALITION INC PRIM 4046254884 625 MASSACHUSETTS AVENUE 2ND FLOOR CAMBRIDGE MA 02139 JULIE REMMELTS DIR. OF FINANCE AND OPERATIONS 4046254884 2024-10-31 1 0 KAREN LO P01434915 2123721000 2024-10-31 2023 2024-10-15 13:58:12Z SARAH KEARNEY 625 MASSACHUSETTS AVENUE 2ND FLOOR CAMBRIDGE MA 02139 9932163 0 X WWW.PRIMECOALITION.ORG X 2014 MA UNLOCK CATALYTIC CAPITAL AND CHANGE THE FUTURE OF CLIMATE FINANCE. 8 7 21 55 0 0 10178212 8175405 250000 250000 109 587461 1053890 919297 11482211 9932163 0 250000 0 0 1365485 2479828 0 0 279131 5297245 7812001 6662730 10541829 4819481 -609666 108161828 94941276 30223032 36318078 77938796 58623198 WE ENVISION A WORLD IN WHICH HUMANITY THRIVES WITHOUT THE THREAT OF CLIMATE CHANGE BY SUPPORTING PEOPLE, PROGRAMS, AND INNOVATIONS THAT CAN HELP SPARK, DEEPEN, OR ACCELERATE CLIMATE SOLUTIONS. WE SEEK TO FILL GAPS OR ENABLE OUTCOMES THAT ARE UNLIKELY WITHOUT OUR SUPPORT. 0 0 9270092 250000 1169297 (A) CATALYTIC INVESTING: MOBILIZED OVER $315MM IN CATALYTIC CAPITAL IN PARTNERSHIP WITH 247 PHILANTHROPIC ORGS TO BACK 32 EARLY-STAGE VENTURES VIA PRIME IMPACT FUND & AZOLLA VENTURES. EACH VENTURE HOLDS THE PROMISE TO MITIGATE GIGATON-SCALE CO2-EQUIVALENT EMISSIONS BY 2050 WHEN DEPLOYED AT COMMERCIAL SCALE. A NEW PROGRAM, TRELLIS CLIMATE, AIMS TO ADDRESS SYSTEMIC CLIMATE CHANGE MITIGATION BARRIERS, ENABLING NOVEL CLIMATE SOLUTIONS TO ACHIEVE SCALE WITH SPEED. (B) IMPACT ACCOUNTABILITY: WORKS TO SUPPORT THE WHOLE FIELD OF EARLY-STAGE CLIMATE INVESTORS WITH FORWARD-LOOKING IMPACT ASSESSMENT & ACCOUNTABILITY TOOLS: CRANE, AN OPEN-SOURCE TOOL SUPPORTING "EMISSIONS REDUCTION POTENTIAL" CALCULATIONS; PROJECT FRAME, GALVANIZING INVESTORS AROUND CLIMATE IMPACT STANDARDS & BEST PRACTICES FOR ASSESSMENT. 9270092 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 51 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA CA CO CT FL IL MD NY OH PA VA X X MAICA ROLLIN 4046254884 625 MASSACHUSETTS AVENUE 2ND FLOOR CAMBRIDGE MA 02139 SARAH KEARNEY EXECUTIVE DIRECTOR 45.00 0.00 X X 278065 0 28111 MARGOT BROWN DIRECTOR (AS OF 07/18/23) 0.50 0.00 X 0 0 0 LUBNA ELIA DIRECTOR 0.50 0.00 X 0 0 0 JEFF MCCARTHY DIRECTOR 0.50 0.00 X 0 0 0 ALICIA SEIGER DIRECTOR 0.50 0.00 X 0 0 0 NICOLE SYSTROM DIRECTOR 0.50 0.00 X 0 0 0 GEOFF CHAPIN CHAIR/TREASURER 1.00 0.00 X X 0 0 0 FIONA MURRAY SECRETARY 0.50 0.00 X X 0 0 0 JULIE REMMELTS DIRECTOR OF FINANCE AND OPERATIONS 45.00 0.00 X 175869 0 23224 LARA PIERPOINT - MANAGING DIR TRELLIS CLIMATE (AS OF 04/17/23) 45.00 0.00 X 213388 0 313 ANNA GOLDSTEIN DIRECTOR OF IMPACT 45.00 0.00 X 194258 0 683 KERI BROWDER DIRECTOR OF IMPACT ACCOUNTABILITY 45.00 0.00 X 160140 0 18868 MARGARET CUTTS - DIR OF P'SHIPS (THRU 04/14/23) SR. ADVISOR, P'SHIPS 30.00 0.00 X 234556 0 2747 EMILY LEWIS O'BRIEN - PRINCIPAL TRELLIS CLIMATE (AS OF 01/06/23) 45.00 0.00 X 183361 0 313 DON NELSON SENIOR MANAGER, CORP. PARTNERSHIPS 45.00 0.00 X 153203 0 28892 MAICA ROLLIN SENIOR MANAGER, ACCOUNTING 30.00 0.00 X 120725 0 18959 MARGARET LEE MANAGER, PARTNERSHIPS STRATEGY 45.00 0.00 X 120615 0 11435 1834180 0 133545 10 0 1 0 RHO IMPACT INC 935 KING WILLIAM DRIVE CHARLOTTESVILLE VA 22901 SOFTWARE DEVELOPMENT AND PROJECT SUPPORT 490546 ALLIANCE FOR SUSTAINABLE ENERGY LLC 15013 DENVER WEST PARKWAY GOLDEN CO 80401 CONTRACTOR 271200 LIONSPRIDE ASSISTANT LLC 1202 IRVING ROAD RANDOLPH MA 02368 EXECUTIVE ASSISTANCE 238233 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 AUDITOR/TAX PREP 185880 KELSEY LITWIN 119 3E AVENUE VERDUN QUEBEC CA H4G 2X1 CONTRACTOR 103500 5 8175405 8175405 PROGRAM SERVICES 541900 250000 250000 250000 587461 587461 MANAGEMENT FEE INCOME 541610 919297 919297 919297 9932163 1169297 0 587461 X 250000 250000 1092200 740536 297483 54181 1128218 943035 107802 77381 95353 75665 12128 7560 164057 127329 27629 9099 24431 22438 1993 165615 54329 110488 798 836380 836380 2087043 1704641 268662 113740 32728 32728 158291 122291 31001 4999 99154 74365 17848 6941 301308 187982 110065 3261 4495 3921 574 4075061 4075061 9784 7381 1806 597 DUES & SUBSCRIPTIONS 17711 12010 5701 10541829 9270092 992606 279131 31194948 34258326 1628576 771856 75321456 59877435 16848 33659 108161828 94941276 523019 134767 29700013 36183311 30223032 36318078 X 54424954 33327063 23513842 25296135 77938796 58623198 108161828 94941276 -609666 -18705932 0 X 0 1 X 1 0 X 8456933 6554517 19737565 10178212 8175405 53102632 8456933 6554517 19737565 10178212 8175405 53102632 10926060 42176572 4 49208 109 587461 636782 53739414 5730554 0.78480 0.72260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN PRIME IMPACT EQUITY FUND I, LLC 55629667 C INVESTMENT IN AZOLLA VENTURES CATALYTIC FUND I, LP 4234444 F INVESTMENT IN AZOLLA VENTURES GP, LP 13324 F 59877435 INTEREST PAYABLE 10116113 MASTER FUNDING AGREEMENT LOANS 15750000 PROGRAM RELATED INVESTMENT LOAN INTEREST PAYABLE 1475531 PROGRAM RELATED INVESTMENT LOAN PAYABLE 8841667 36183311 X PART X, LINE 2: THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT ASSESSED WHETHER THERE WERE ANY UNCERTAIN TAX POSITIONS WHICH MAY GIVE RISE TO INCOME TAX LIABILITIES AND DETERMINED THAT THERE WERE NO SUCH MATTERS REQUIRING RECOGNITION IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FROM THE FILING DATE. 1 THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 485 BROADWAY MAIL CODE 8838 REDWOOD CITY CA 94063 941156365 501(C)(3) 250000 0 FMV DEMAND FLEXIBILITY PROJECT 1 0 PART I, LINE 2: A SCOPE OF WORK SETS FORTH THE KEY REPORTS, DELIVERABLES, AND MEETING PARAMETERS TO MONITOR USE OF GRANT FUNDS. X X 0 0 0 0 0 0 0 0 0 SARAH KEARNEY EXECUTIVE DIRECTOR 276715 0 0 0 1350 0 0 0 28111 0 306176 0 0 0 MARGARET CUTTS - DIR OF P'SHIPS (THRU 04/14/23) SR. ADVISOR, P'SHIPS 234056 0 0 0 500 0 0 0 2747 0 237303 0 0 0 LARA PIERPOINT - MANAGING DIR TRELLIS CLIMATE (AS OF 04/17/23) 211538 0 0 0 1850 0 0 0 313 0 213701 0 0 0 JULIE REMMELTS DIRECTOR OF FINANCE AND OPERATIONS 174519 0 0 0 1350 0 0 0 23224 0 199093 0 0 0 ANNA GOLDSTEIN DIRECTOR OF IMPACT 192908 0 0 0 1350 0 0 0 683 0 194941 0 0 0 EMILY LEWIS O'BRIEN - PRINCIPAL TRELLIS CLIMATE (AS OF 01/06/23) 181561 0 0 0 1800 0 0 0 313 0 183674 0 0 0 DON NELSON SENIOR MANAGER, CORP. PARTNERSHIPS 151903 0 0 0 1300 0 0 0 28892 0 182095 0 0 0 KERI BROWDER DIRECTOR OF IMPACT ACCOUNTABILITY 158990 0 0 0 1150 0 0 0 18868 0 179008 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S DIRECTOR OF FINANCE AND OPERATIONS REVIEWS ALL THE LINE ITEMS ON THE FORM 990. ONCE 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 PRIME'S CONFLICT OF INTEREST POLICY STATES THAT DISCLOSURE MUST OCCUR WHENEVER ANY DIRECTOR, OFFICER, COMMITTEE MEMBER, OR EMPLOYEE OF THE CORPORATION BECOMES AWARE THAT THE CORPORATION IS CONSIDERING A TRANSACTION THAT POTENTIALLY CREATES A CONFLICT OF INTEREST. THE INDIVIDUAL IS OBLIGATED TO NOTIFY THE BOARD OR RELEVANT COMMITTEE AND TO DISCLOSE ALL MATERIAL FACTS RELATING TO THE INTEREST IN THE TRANSACTION. THE BOARD OR COMMITTEE WILL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT IT DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT BE PRESENT WHEN THE BOARD OR COMMITTEE MAKES ITS DETERMINATION OTHER THAN TO ANSWER QUESTIONS. IF NO CONFLICT OF INTEREST IS FOUND TO EXIST, THE MINUTES OF THE MEETING MUST RECORD THE BASIS OF THE BOARD'S OR COMMITTEE'S DETERMINATION. IF THE BOARD OR RELEVANT COMMITTEE DETERMINES THAT A TRANSACTION WOULD CREATE A CONFLICT OF INTEREST, THE TRANSACTION MUST BE APPROVED IN ADVANCE BY ONLY THOSE BOARD OR COMMITTEE MEMBERS WHO DO NOT HAVE A CONFLICT WITH RESPECT TO THE TRANSACTION. ANY INTERESTED PERSON THEREFORE MUST RECUSE THEMSELF FROM CONSIDERATION OF THE TRANSACTION AND MAY NOT VOTE ON THE TRANSACTION OR BE PRESENT WHEN THE VOTE IS TAKEN. FURTHERMORE, THE INTERESTED PERSON MAY NOT BE PRESENT DURING ANY DISCUSSION OF THE TRANSACTION OTHER THAN TO ANSWER QUESTIONS, AND MUST REFRAIN FROM USING THEIR PERSONAL INFLUENCE TO ENCOURAGE THE CORPORATION TO ENTER INTO THE TRANSACTION. IF THE BOARD OR RELEVANT COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THEM AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE RECOMMENDATION TO THE BOARD FOR REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE CORPORATION AT THE TIME IT WAS UNDERTAKEN. IF IT IS DETERMINED THAT THE TRANSACTION WAS NOT FAIR AND REASONABLE TO THE CORPORATION, THE CORPORATION, IN ITS DISCRETION, MAY VOID THE CONTRACT AND/OR REQUIRE THE INTERESTED PERSON TO RESTORE THE CORPORATION TO THE FINANCIAL POSITION IT WOULD HAVE BEEN IN IF SUCH PERSON HAD BEEN DEALING UNDER THE HIGHEST FIDUCIARY STANDARD. WHERE THE LATTER REMEDY IS EMPLOYED, THE INTERESTED PERSON WILL BE REQUIRED TO MAKE PAYMENTS OF CASH OR PROPERTY TO THE CORPORATION IN AMOUNTS EQUAL TO THE VALUE OF THE EXCESS BENEFIT HE OR SHE RECEIVED PLUS INTEREST. ANY INTERESTED PERSON WHO VIOLATES THIS POLICY ALSO MAY BE LIABLE FOR TAXES IMPOSED UNDER THE FEDERAL INTERMEDIATE SANCTIONS REGULATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF ALL OFFICERS IS DETERMINED BY THE INDEPENDENT VOTING MEMBERS OF THE BOARD ON AN ANNUAL BASIS. THE ORGANIZATION USES COMPARABILITY DATA FROM FORMS 990 OF SIMILARLY SITUATED ORGANIZATIONS AND MARKET ANALYSIS UTILIZING A RANGE OF REPUTABLE SOURCES FOR COMPENSATION SURVEYS. THESE SURVEYS DEPEND ON PARTICIPATING ORGANIZATIONS TO ALIGN THEIR JOB ROLES WITH PREDEFINED SURVEY JOB DESCRIPTIONS AND TO SUBMIT CORRESPONDING SALARY DATA. FOR MARKET BENCHMARKING, THE ORGANIZATION MATCHES ITS JOB ROLES TO THOSE IN THE SURVEYS THROUGH A DETAILED ANALYSIS OF JOB-SPECIFIC ATTRIBUTES, INCLUDING RESPONSIBILITIES, SKILLS, AND QUALIFICATIONS. IN DETERMINING THE COMPENSATION, THE ORGANIZATION SUBSTANTIATES THE DECISIONS MADE BY THE INDEPENDENT VOTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S FORM 990 WITHOUT SCHEDULE B IS LOCATED ON PROPUBLICA AND THE IRS TAX EXEMPT ORGANIZATION SEARCH PLATFORM. UPON REQUEST, THE ORGANIZATION WILL SEND ELECTRONICALLY OR MAIL A COPY OF THE FORM 1023 OR A PUBLIC DISCLOSURE COPY OF FORM 990 TO THE REQUESTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND ITS CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 3,772. MANAGEMENT AND GENERAL EXPENSES 28,093. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,865. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 15,872. MANAGEMENT AND GENERAL EXPENSES 3,463. FUNDRAISING EXPENSES 1,032. TOTAL EXPENSES 20,367. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 1,684,874. MANAGEMENT AND GENERAL EXPENSES 237,106. FUNDRAISING EXPENSES 112,708. TOTAL EXPENSES 2,034,688. OTHER: PROGRAM SERVICE EXPENSES 123. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123. 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