International Foundation For Valuing Impacts Inc
- Assets
- $430.6k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Boston, MA
- Founding
- Data as of
- 12/2023
- EIN
- 88-3171997
Organization Overview
International Foundation For Valuing Impacts Inc is located in Boston, MA. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2023, International Foundation For Valuing Impacts Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Foundation For Valuing Impacts 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 12/2023, International Foundation For Valuing Impacts Inc generated $2.3m in total revenue. All expenses for the organization totaled $2.0m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IFVI'S MISSION IS TO BUILD AND SCALE THE PRACTICE OF IMPACT ACCOUNTING TO PROMOTE DECISION-MAKING BASED ON RISK, RETURN, AND IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: IFVI MADE SUBSTANTIAL PROGRESS IN 2023 TOWARDS THE GOAL OF DEVELOPING A GLOBALLY APPLICABLE PUBLIC GOOD METHODOLOGY FOR VALUING ORGANIZATIONAL SOCIAL, ENVIRONMENTAL, AND ECONOMIC IMPACT IN MONETARY TERMS.
ALL OTHER PROGRAMS - STRATEGIC AND CROSS-CUTTING INITIATIVES IN SUPPORT OF IFVI'S MISSION TO BUILD AND SCALE THE PRACTICE OF IMPACT ACCOUNTING TO PROMOTE DECISION-MAKING BASED ON RISK, RETURN, AND IMPACT.
MARKET DEVELOPMENT: IFVI'S MARKET DEVELOPMENT WORK ADVANCED SIGNIFICANTLY IN 2023 TO GENERATE WIDESPREAD MARKET ADOPTION WHICH PROVES THAT IMPACT ACCOUNTING IS FEASIBLE AND VALUABLE TO INVESTORS, CORPORATES, AND REGULATORS.
COMMUNICATIONS: IFVI ESTABLISHED CORE COMMUNICATION EFFORTS IN 2023 TO ESTABLISH IFVI AS A CREDIBLE LEADER IN IMPACT ACCOUNTING AND POSITION IMPACT ACCOUNTING AS A FEASIBLE AND GROWING PATH TO A SUSTAINABLE ECONOMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Robert Zochowski President & CEO | Officer | 40 | $197,723 |
Catherine Panella Treasurer & COO | Officer | 40 | $170,578 |
Daniel Osusky Chief Research Officer | Officer | 40 | $153,194 |
Whitney Pollack Deserio Finance And Ops Director & Asst Secretary | Officer | 40 | $122,506 |
Ryan Daulton Research Manager | 40 | $110,456 | |
Andrea Serra Chief Market Development Officer | Officer | 40 | $107,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,252,718 |
| Noncash contributions included in lines 1a–1f | $496 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,252,718 |
| 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 | $2,252,718 |
| 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. | $751,259 |
| Compensation of current officers, directors, key employees. | $30,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,758 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $244,372 |
| Payroll taxes | $107,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,533 |
| Fees for services: Accounting | $27,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,715 |
| Advertising and promotion | $0 |
| Office expenses | $34,799 |
| Information technology | $6,994 |
| Royalties | $0 |
| Occupancy | $19,453 |
| Travel | $27,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $29,191 |
| Conferences, conventions, and meetings | $8,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,296 |
| All other expenses | $5,232 |
| Total functional expenses | $2,012,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,000 |
| 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 | $25,480 |
| 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 | $430,623 |
| Accounts payable and accrued expenses | $155,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $155,739 |
| Net assets without donor restrictions | $174,884 |
| Net assets with donor restrictions | $100,000 |
| 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 | $430,623 |