Second Nature Inc
- Assets
- $2.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Cambridge, MA
- Founding
- 08/1993
- Data as of
- 06/2022
- EIN
- 04-3195772
Organization Overview
Second Nature Inc is located in Cambridge, MA. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Second Nature Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Nature Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Second Nature Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SECOND NATURE'S MISSION IS TO ACCELERATE CLIMATE ACTION IN, AND THROUGH, HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECOND NATURE BELIEVES COLLEGES AND UNIVERSITIES MUST EXERCISE LEADERSHIP IN THEIR COMMUNITIES AND THROUGHOUT SOCIETY BY PROVIDING THE KNOWLEDGE, RESEARCH, PRACTICE, AND INFORMED GRADUATES TO CREATE A POSITIVE AND SUSTAINABLE FUTURE. THE PRESIDENTS' CLIMATE LEADERSHIP COMMITMENTS HAVE BEEN CATALYSTS FOR ACTIONS ON HUNDREDS OF CAMPUSES AND IN MANY COMMUNITIES ACROSS THE NATION. THE CLIMATE LEADERSHIP NETWORK IS MADE UP OF THE OVER 600 COMMITMENT SIGNATORIES, IS OVERSEEN BY A STEERING COMMITTEE OF 20 PRESIDENTS, AND IS FACILITATED BY THE ORGANIZATION. HIGHER EDUCATION PRESIDENTS AND CHANCELLORS CAN JOIN THE CLIMATE LEADERSHIP NETWORK BY SIGNING EITHER THE CARBON OR THE RESILIENCE COMMITMENT, OR THE INTEGRATED CLIMATE COMMITMENT.THE C2P2 PROGRAM IS AN INITIATIVE TO SUPPORT COLLEGES AND UNIVERSITIES IN DEVELOPING AND MARKETING CARBON OFFSETS AS A WAY TO ACCELERATE THEIR PROGRESS TOWARDS CAMPUS CARBON NEUTRALITY. ELIGIBLE SCHOOLS CAN DEVELOP CARBON CREDITS ON THEIR CAMPUSES THROUGH ENERGY CONSERVATION, ENERGY EFFICIENCY, RENEWABLE ENERGY, AND LEED CERTIFIED BUILDINGS. PROCEEDS FROM CARBON SALES ARE INVESTED INTO SUSTAINABILITY PROJECTS ON CAMPUS, ALLOWING SCHOOLS TO ACHIEVE GREATER EMISSIONS REDUCTIONS AND PUSHING COMMUNITIES TO DEVELOP CLEAN, EFFICIENT ENERGY SYSTEMS. THE CARBON CREDIT AND PURCHASING PROGRAM DEVELOPS CREDITS TO THE VERIFIED CARBON STANDARD (VCS) THROUGH A METHODOLOGY DESIGNED SPECIFICALLY FOR CAMPUS-BASED PROJECTS. AS THE MANAGER OF C2P2, THE ORGANIZATION PROVIDES TECHNICAL AND LOGISTICAL SUPPORT TO SCHOOLS PARTICIPATING IN THE PROGRAM.UNIVERSITY CLIMATE CHANGE AND COALITION (UC3 PROGRAM) THE UC3 PROGRAM IS A COALITION OF LEADING NORTH AMERICA RESEARCH UNIVERSITIES THAT WILL PROTOTYPE A COLLABORATIVE MODEL DESIGNED TO HELP LOCAL COMMUNITIES ACHIEVE THEIR CLIMATE GOALS AND ACCELERATE THE TRANSITION TO A LOW-CARBON FUTURE.THE DISTINGUISHED UNIVERSITIES FROM THE UNITED STATES, CANADA AND MEXICO THAT MAKE UP UC3 HAVE COMMITTED TO MOBILIZE THEIR RESOURCES AND EXPERTISE TO ACCELERATE LOCAL AND REGIONAL CLIMATE ACTION IN PARTNERSHIP WITH BUSINESSES, CITIES AND STATES, FOUNDATIONS AND OTHER ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Carter President & Clerk | Officer | 40 | $215,452 |
Michele Socknat Senior Director Of Program | 40 | $108,457 | |
Karen Wheeler Director Of F&a/treasurer | Officer | 24 | $85,382 |
Chris Nelson Vice Chair | OfficerTrustee | 1 | $0 |
Judith A Ramaley Chair | OfficerTrustee | 1 | $0 |
Rachel Hodgdon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $979,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,485,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,465,347 |
| Total Program Service Revenue | $387,405 |
| Investment income | $870 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,856,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $363,433 |
| Compensation of current officers, directors, key employees. | $121,983 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $763,157 |
| Pension plan accruals and contributions | $15,902 |
| Other employee benefits | $55,673 |
| Payroll taxes | $70,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,620 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $314,896 |
| Advertising and promotion | $0 |
| Office expenses | $57,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,347 |
| Travel | $24,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $200,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,252 |
| All other expenses | $0 |
| Total functional expenses | $1,941,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,739,620 |
| Savings and temporary cash investments | $21,709 |
| Pledges and grants receivable | $535,000 |
| Accounts receivable, net | $129,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,432,991 |
| Accounts payable and accrued expenses | $258,040 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $358,040 |
| Net assets without donor restrictions | $1,343,559 |
| Net assets with donor restrictions | $731,392 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,432,991 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Second Nature Inc has recieved totaling $1,457,000.
| Awarding Organization | Amount |
|---|---|
Waverley Street Foundation Palo Alto, CA PURPOSE: GENERAL CHARITABLE PURPOSE | $500,000 |
Waverley Street Foundation Palo Alto, CA PURPOSE: GENERAL CHARITABLE PURPOSE | $500,000 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO PRODUCE NEW MODELS RELATED TO CLIMATE LITERACY, INNOVATION, AND NEW SOLUTIONS TO GLOBAL CHALLENGES. | $282,000 |
World Wildlife Fund Inc Washington, DC PURPOSE: CONSERVATION | $125,000 |
Alfred P Sloan Foundation New York, NY PURPOSE: TO EXAMINE HOW CHANGES IN FEDERAL FUNDING APPROACHES FOR ENERGY RESEARCH MIGHT IMPACT UNIVERSITIES AND THE HIGHER EDUCATION LANDSCAPE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |
Community Health Action Of Staten Island Inc Staten Island, NY | $10,310,732 | $11,148,216 |
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
New Square Community Improvement Council Inc New Square, NY | $7,666,025 | $8,815,852 |
Kings Bay Ym-Ywha Inc Brooklyn, NY | $12,626,720 | $11,475,108 |