Mission Investors Exchange Inc
- Assets
- $7.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 13
- Location
- New York, NY
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-5593271
Organization Overview
Mission Investors Exchange Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (T01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Mission Investors Exchange Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Investors Exchange 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 12/2022, Mission Investors Exchange Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 72.6% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. 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
MIE IS THE LEADING IMPACT INVESTING NETWORK FOR FOUNDATIONS DEDICATED TO DEPLOYING CAPITAL FOR SOCIAL AND ENVIRONMENTAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAININGS, NATIONAL CONFERENCE, WORKING GROUPS - MIE ORGANIZES EDUCATIONAL PROGRAMMING SUCH AS TRAININGS, WEBINARS, PEER-TO-PEER LEARNING OPPORTUNITIES, AND A BIANNUAL CONFERENCE.
WEB PLATFORM, MEMBER SERVICES, COMMUNICATIONS - MIE WORKS WITH PHILANTHROPIC LEADERS AND PRACTITIONERS TO ACCELERATE THE USE OF MISSION INVESTMENTS BY PROVIDING A ROBUST PLATFORM BOTH IN PERSON AND VIRTUALLY FOR SHARING TOOLS AND BEST PRACTICES, NETWORKING, AND DETERMINING AREAS OF INTEREST.
RESEARCH - MIE GATHERS AND PRODUCES CONTENT ON IMPACT INVESTING PRACTICES FOR ITS WEBSITE AND OTHER PUBLICATIONS, AND PARTNERS WITH RESEARCH PROFESSIONALS TO HELP PRODUCE RESEARCH TO FURTHER THE IMPACT INVESTING FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Onek President & CEO | OfficerTrustee | 40 | $305,895 |
Christine Looney Vice Chair | OfficerTrustee | 0.5 | $0 |
Kenneth Jones Chair | OfficerTrustee | 0.5 | $0 |
Cynthia Muller Treasurer | OfficerTrustee | 0.5 | $0 |
Joohee Rand Secretary - Until 06/2022 | OfficerTrustee | 0.5 | $0 |
Ben Bynum Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baltimore Marriott Waterfront Conference Venue | 12/30/22 | $504,641 |
Stratford Communications Communications Services | 12/30/22 | $135,622 |
Marcum Llp Accounting, Tax, And Hr Services | 12/30/22 | $132,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $159,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,600,582 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,760,082 |
| Total Program Service Revenue | $1,737,725 |
| Investment income | $8,744 |
| 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 | $5,523,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,071 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,004,579 |
| Compensation of current officers, directors, key employees. | $340,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $580,178 |
| Pension plan accruals and contributions | $13,640 |
| Other employee benefits | $82,964 |
| Payroll taxes | $101,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $119,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $744,835 |
| Advertising and promotion | $0 |
| Office expenses | $49,276 |
| Information technology | $47,611 |
| Royalties | $0 |
| Occupancy | $22,655 |
| Travel | $56,294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $603,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,629 |
| Insurance | $12,533 |
| All other expenses | $0 |
| Total functional expenses | $3,467,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,895,296 |
| Savings and temporary cash investments | $3,016,243 |
| Pledges and grants receivable | $1,574,657 |
| Accounts receivable, net | $32,551 |
| 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 | $20,286 |
| Net Land, buildings, and equipment | $26,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,175 |
| Total assets | $7,567,685 |
| Accounts payable and accrued expenses | $444,855 |
| Grants payable | $0 |
| Deferred revenue | $123,750 |
| 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 | $568,605 |
| Net assets without donor restrictions | $5,021,686 |
| Net assets with donor restrictions | $1,977,394 |
| 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 | $7,567,685 |