TOTAL REVENUE - FISCAL 2025
$47,524,141
Down 1.0% from $47,993,848 in fiscal 2024.
Sustainable Markets Foundation
New York, New York - EIN 13-4188834 - Latest filing: fiscal 2025 (Sep 1, 2024 - Aug 31, 2025)
HOW TO READ THIS PAGE
How to read this page: every figure below is from the fiscal-2025 Form 990, filed Jul 15, 2026. People named below are shown as reported on the fiscal-2025 Form 990, filed Jul 15, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.
THE FILING IN ONE PARAGRAPH
Sustainable Markets Foundation reported $47,524,141 in revenue and $41,302,876 in expenses in fiscal 2025, a surplus of $6,221,265 for the year. Program services took $40,543,717 of expenses, or 98.2%. The organization closed the year with $55,129,609 in net assets - about 16.0 months of expenses at the fiscal-2025 spending level.
At a Glance - Fiscal 2025
All values are fiscal 2025 unless a tile says otherwise.
TOTAL EXPENSES - FISCAL 2025
$41,302,876
Revenue minus expenses: $6,221,265 in fiscal 2025.
PROGRAM EXPENSE SHARE - FISCAL 2025
98.2%
$40,543,717 of $41,302,876 went to program services.
NET ASSETS - END OF FISCAL 2025
$55,129,609
Total assets $59,103,600 minus total liabilities $3,973,991.
PEOPLE REPORTED - FISCAL 2025
0 Employees
Plus 75 volunteers reported on the fiscal-2025 Form 990.
Money In, Money Out - Fiscal 2025
Revenue and expenses as reported on the fiscal-2025 Form 990, filed Jul 15, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.
Where the Money Went - Fiscal 2025
Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2025: $0.00 - $0 in fundraising expenses divided by $43,305,925 in total contributions.
Where the Money Came From - Fiscal 2025
| Source | Fiscal 2025 |
|---|---|
| Total Contributions | $43,305,925 |
| All Other Contributions | $43,305,925 |
| Program Service Revenue | $0 |
| Investment Income | $4,218,216 |
| Other Revenue | $0 |
| Total Revenue (All Sources) | $47,524,141 |
Government Grants - Not Broken Out
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
The fiscal-2025 Form 990 does not break out government grants as a separate line for this organization. This page shows Not Broken Out instead of estimating a figure.
Reserves and Balance Sheet - Fiscal 2025
Reserves and Runway
16.0 Months
of reserves - $55,129,609 in net assets at the end of fiscal 2025, divided by average monthly expenses of about $3,441,906 in fiscal 2025.
Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.
Balance Sheet - End of Fiscal 2025
| Total Assets | $59,103,600 |
| Total Liabilities | $3,973,991 |
| Liabilities as Share of Assets | 6.7% |
| Net Assets | $55,129,609 |
Leadership Pay - Fiscal 2025
Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2025 Form 990, filed Jul 15, 2026.
No compensation was reported for any officer, director, trustee or key employee on the fiscal-2025 Form 990. Everyone named on the filing served without pay from the organization, as reported.
Board and Governance - Fiscal 2025
Board and policy answers as reported on the fiscal-2025 Form 990, filed Jul 15, 2026.
Board Roster - as Reported on the Fiscal-2025 Form 990
3 voting members, 3 independent - independence count as reported on the fiscal-2025 Form 990.
| Name, as Reported | Role, as Reported |
|---|---|
| Elizabeth Hitchcock | President |
| STEPHEN KLEINBERG Secretary | Treasurer |
| John Richard | Vice President |
| JAY R HALFON Director | General Counsel |
Governance Policy Flags - Fiscal 2025
Conflict of Interest PolicyYes - Reported
Whistleblower PolicyYes - Reported
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence3 voting / 3 independent
Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.
Grants - Fiscal 2025
Grants Made - Fiscal 2025
This organization reported $14,007,416 in grants paid in fiscal 2025.
| Recipient, as Reported | Amount |
|---|---|
| 350 Tacoma Environmental Conservation | $10,000 |
| 350Seattle Environmental Conservation | $900,000 |
| Center for Biological Diversi Clean Energy And Just Transition | $400,000 |
| Climate Access Inc Clean Energy And Just Transition | $10,000 |
| Climate Emergency Fund Clean Energ. Just Trans. & Pollutio | $7,700 |
| Columbia Riverkeeper Environmental Conservation | $9,000 |
| Consumer Watchdog Clean Energy And Just Transition | $256,000 |
| Container Recycling Institute Environmental Conservation | $30,000 |
| Ctr for Intl Enviromental Clean Energy And Just Transition | $15,000 |
| Ctr for Law and Human Values Journalism And Civics | $600,000 |
| Cultural Survival Inc Human Rights | $34,703 |
| DeployUS Pollution Prevention | $11,925 |
| Dollar For Journalism And Civics | $20,675 |
| Fjc Journalism And Civics | $5,500 |
| Food and Water Watch Pollution Prevention | $335,000 |
| Fossil Free Media Clean Energy And Just Transition | $4,000,000 |
| Good Works Educ Fund Environmental Conservation | $16,801 |
| Goodpower Education Fund Clean Energy And Just Transition | $250,000 |
| Green House Collaboration Pollution Prevention | $10,000 |
| GreenFaith Clean Energy And Just Transition | $141,453 |
| Hip Hop Caucus Educ Fund Clean Energy And Just Transition | $130,000 |
| IIFDS Batani Human Rights | $356,666 |
| Inst for Energy & Env Resea Environmental Conservation | $10,000 |
| Inst for Energy Econ and Fi Environmental Conservation | $20,000 |
| Jacobin Foundation Ltd Journalism And Civics | $50,000 |
| Journalism & Women Sympos Journalism And Civics | $7,500 |
| March On Maryland Clean Energy And Just Transition | $100,000 |
| Natural Resources Council Environmental Conservation | $10,000 |
| NextGen Climate America Clean Energy And Just Transition | $25,000 |
| NY Communities Org Fund Clean Energy And Just Transition | $30,000 |
| NYPIRG Fund Environmental Conservation | $95,000 |
| Oil and Gas Action Network Environmental Conservation | $10,000 |
| Oil Change International Clean Energy And Just Transition | $10,000 |
| Protecting Our Waters Environmental Conservation | $57,000 |
| Public Citizen Foundation Clean Energy And Just Transition | $100,000 |
| Reloop Amer Research Inst Environmental Conservation | $440,000 |
| Rockefeller Phil Adv Clean Energy And Just Transition | $500,000 |
| Sci & Env Health Network Pollution Prevention | $190,000 |
| Sierra Club Foundation Clean Energy And Just Transition | $125,000 |
| Soc Prot Underground Ntwks Environmental Conservation | $1,024,379 |
| State Democracy Project Clean Energy And Just Transition | $250,000 |
| Sunrise Movement Education Fu Clean Energy And Just Transition | $200,000 |
| Texas Camp for the Env Clean Energy And Just Transition | $130,000 |
| The Story of Stuff Environmental Conservation | $62,500 |
| Third Act Education Fund Env. Conserv. & Pollution Prev. | $401,500 |
| Toxic-Free Future Environmental Conservation | $60,000 |
| Trustees Of Univ Of Penn Environmental Conservation | $50,000 |
| Vermont PIREF Environmental Conservation | $35,000 |
Trend - Revenue
Years are shown only where a filing is held. Missing years are absent, never filled in.
| Fiscal Year | Revenue | Change |
|---|---|---|
| Fiscal 2024 (Prior-Year Column on the Fiscal-2025 Filing) | $47,993,848 | - |
| Fiscal 2025 | $47,524,141 | -1.0% |
This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.
Filings on Record
| Tax Period | Form | Status | Source |
|---|---|---|---|
| Sep 1, 2024 - Aug 31, 2025 | Form 990 | In Force - Filed Jul 15, 2026 | Original Filing at the IRS |
If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.