Acoel Foundation
- Assets
- $152.9k
- Revenue
- $56.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-3980782
Organization Overview
Acoel Foundation is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acoel Foundation 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 12/2023, Acoel Foundation generated $56.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $29.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION RAISES FUNDS AND PROVIDES RESOURCES TO SUPPORT THE PUBLIC INTEREST WORK OF THE FELLOWS OF THE AMERICAN COLLEGE OF ENVIRONMENTAL LAWYERS (ACOEL). ACOEL WORKS TO IMPROVE THE STANDARDS OF THE PRACTICE OF ENVIRONMENTAL LAW, ENHANCE THE ADMINISTRATION OF JUSTICE AND ETHICS IN THE FIELD OF ENVIRONMENTAL LAW, AND PROMOTE THE DEVELOPMENT OF ENVIRONMENTAL LAW WITHIN THE UNITED STATES AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STEPHEN HERRMANN WRITING AWARD IS AWARDED TO THE BEST STUDENT ARTICLE IN A LAW SCHOOL PUBLICATION ON ENVIRONMENTAL ISSUES. THE AWARD ENCOURAGES RESEARCH AND WRITING FOR THE ENVIRONMENTAL COMMUNITY. THE WINNING ARTICLE IS PUBLISHED ON THE AMERICAN COLLEGE OF ENVIRONMENTAL LAWYERS' WEBSITE
THE FOUNDATION FINANCIALLY SUPPORTED A RECEPTION HOSTED BY ACOEL FELLOWS AT THE ANNUAL MEETING OF THE AMERICAN LAW INSTITUTE (ALI) IN MAY 2023 TO SOLICIT SUPPORT AND ENGAGEMENT FROM CERTAIN ALI ATTENDEES TO UNDERTAKE AND ENVIRONMENTAL LAW PRINCIPLES PROJECT FOR ENVIRONMENTAL RESTATEMENT PROJECT
THE FOUNDATION FINANCIALLY SUPPORTED THE PARTICIPATION IN THE INTERGOVERNMENTAL NEGOTIATING COMMITTEE OF THE GLOBAL CONFERENCE FOR SCIENCE AND THE ENVIRONMENT TO DEVELOP A BINDING INTERNATIONAL AGREEMENT BY 2024 TO END PLASTIC POLLUTION.
THE FOUNDATION FINANCIALLY SUPPORTED AN ACOEL CO-SPONSORED SYMPOSIUM IN HAVANA, CUBA IN FEBRUARY 2023 ENTITLED, "USA-CUBA KEY ENVIRONMENTAL ISSUES: LESSONS LEARNED - LESSONS SHARED". THE SYMPOSIUM INCLUDED SEVEN (7) ACOEL FELLOWS AND REPRESENTATIVES OF THE ANTONIO NUNEZ JIMENEZ FOUNDATION FOR NATURE AND HUMANITY. THIS IS PART OF THE FOUNDATION'S AND ACOEL'S WORK TO IDENTIFY OPPORTUNITIES TO FOSTER US AND CUBA ENVIRONMENTAL COOPERATION AND ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Murray Trustee | Trustee | 1 | $0 |
Robin Craig Trustee | Trustee | 1 | $0 |
Jessica Merrigan Trustee | Trustee | 1 | $0 |
Tracy Hester Trustee | Trustee | 1 | $0 |
Kenneth Warren Trustee | Trustee | 1 | $0 |
Michael Hockley President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,045 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,298 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $56,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,160 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,045 |
| Advertising and promotion | $0 |
| Office expenses | $2,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $29,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $152,923 |
| Accounts payable and accrued expenses | $2,000 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $4,000 |
| Net assets without donor restrictions | $146,923 |
| Net assets with donor restrictions | $2,000 |
| 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 | $152,923 |