PROJECT DRAWDOWN

EIN: 383705448 501(c)(3) Education

SAINT PAUL, MN

Total Revenue
$8,269,185
Total Expenses
$4,479,322
Total Assets
$8,543,786
Net Assets
$8,207,310
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
JONATHAN FOLEY
Phone
6512433116
Tax Period
2024-01-01 to 2024-12-31

PROJECT DRAWDOWN, founded in 2005, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 46% operating margin.

Mission

PROJECT DRAWDOWN'S MISSION IS TO DRIVE MEANINGFUL CLIMATE ACTION BY ADVANCING SCIENCE-BASED SOLUTIONS AND STRATEGIES. PROJECT DRAWDOWN'S WORK IS FOCUSED ON THREE PILLARS: SCIENCE - ADVANCING SCIENCE-BASED CLIMATE SOLUTIONS AND STRATEGIES; STAKEHOLDERS - ENGAGING KEY STAKEHOLDERS AND EMPOWERING BOLD CLIMATE LEADERSHIP; AND STORIES - TELLING HUMAN STORIES OF SOLUTIONS IN ACTION.

Program Service Accomplishments

Program 1
Expenses: $364,279

COMMUNICATIONS: OUR RIGOROUS, CUTTING-EDGE RESEARCH IDENTIFIES THE BEST POSSIBLE CLIMATE SOLUTIONS AND DESIGNS THE MOST EFFECTIVE STRATEGIES TO BRING THEM TO SCALE. WE THEN SHARE OUR FINDINGS WITH...

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COMMUNICATIONS: OUR RIGOROUS, CUTTING-EDGE RESEARCH IDENTIFIES THE BEST POSSIBLE CLIMATE SOLUTIONS AND DESIGNS THE MOST EFFECTIVE STRATEGIES TO BRING THEM TO SCALE. WE THEN SHARE OUR FINDINGS WITH THE WORLD THROUGH EFFECTIVE SCIENCE COMMUNICATION, MARKETING CAMPAIGNS, AND MEDIA PARTNERSHIPS. FOR EXAMPLE, WE HAD OVER 1.3 MILLION USERS FROM 230 COUNTRIES AND TERRITORIES ACCESS CLIMATE SOLUTIONS INFORMATION ON OUR WEBSITE IN 2024, AND THERE HAVE BEEN MORE THAN 1.2 MILLION VIEWS OF DR. JONATHAN FOLEY'S TWO TED TALKS SINCE THEY WERE RELEASED. THERE HAVE BEEN 12,500 DOWNLOADS OF PROJECT DRAWDOWN'S PUBLICATIONS IN THE LAST YEAR. FROM THE TED STAGE, INTERNATIONAL CLIMATE MEETINGS AND CLIMATE WEEK TO TOP-TIER MEDIA OUTLETS AND BOARDROOMS ACROSS THE WORLD, WE AMPLIFY THE IMPORTANCE OF SCIENCE-BASED CLIMATE ACTION.

Program 2
Expenses: $1,528,716 Revenue: $4,215,250

SCIENCE: THE DRAWDOWN SCIENCE TEAM WORKS TO IDENTIFY THE MOST EFFECTIVE SOLUTIONS AND STRATEGIES, AND SERVES AS TRUSTED THOUGHT LEADERS IN THE GLOBAL CLIMATE SOLUTIONS SPACE. WE CONDUCT CUTTING-EDGE...

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SCIENCE: THE DRAWDOWN SCIENCE TEAM WORKS TO IDENTIFY THE MOST EFFECTIVE SOLUTIONS AND STRATEGIES, AND SERVES AS TRUSTED THOUGHT LEADERS IN THE GLOBAL CLIMATE SOLUTIONS SPACE. WE CONDUCT CUTTING-EDGE RESEARCH TO IDENTIFY THE BEST POSSIBLE CLIMATE SOLUTIONS AND DESIGN THE MOST EFFECTIVE STRATEGIES TO BRING THEM TO SCALE. DESPITE THE IMPORTANCE OF FOOD SYSTEMS IN THE GLOBAL CLIMATE CHALLENGE, EFFECTIVE SOLUTIONS IN THIS SPACE RECEIVE ONLY 3% OF CLIMATE FUNDING. OUR DRAWDOWN FOOD INITIATIVE IS WORKING TO CHANGE THIS BY CREATING AND SHARING SCIENCE-BASED PLANS TO ADDRESS CLIMATE CHANGE IN THE FOOD, AGRICULTURE, AND LAND-USE SECTOR. DRAWDOWN FOOD'S WORK EMPOWERS POLICYMAKERS, COMMUNITY LEADERS, BUSINESSES, INVESTORS, PHILANTHROPISTS, AND OTHERS TO DEPLOY THE MOST IMPACTFUL CLIMATE ACTIONS ACROSS THE GLOBAL FOOD SYSTEM. DRAWDOWN EXPLORER WILL BE WHAT THE CLIMATE MOVEMENT HAS BEEN MISSING: AN ALL-ENCOMPASSING PLATFORM USING THE BEST AVAILABLE DATA TO PROVIDE DECISION-MAKERS WITH ACTIONABLE, LOCALIZED INTELLIGENCE ON THE MOST EFFECTIVE CLIMATE SOLUTIONS. BUILT UPON TRILLIONS OF DATA POINTS AND THOUSANDS OF HOURS OF ANALYSIS BY TOP SCIENTISTS, DRAWDOWN EXPLORER WILL BE THE DEFINITIVE GUIDE TO EFFECTIVE CLIMATE ACTION, HIGHLIGHTING EMERGENCY BRAKE SOLUTIONS THAT CAN RAPIDLY REDUCE EMISSIONS, GEOGRAPHIC HOT SPOTS TO MAXIMIZE IMPACT, AND BENEFIT CLUSTERS THAT SIMULTANEOUSLY PROVIDE ADDITIONAL BENEFITS TO PEOPLE - IMPROVED HEALTH, ECONOMIC VITALITY, SECURITY, MORE - AND NATURE THROUGHOUT THE WORLD. WE HAVE ALREADY HAD A REACH OF OVER 10 MILLION ONLINE VIEWS OF THE DRAWDOWN EXPLORER TEASER VIDEO TO DATE.

Program 3
Expenses: $710,638 Revenue: $328,809

DRAWDOWN LABS: UNLOCKING THE FULL POTENTIAL OF OUR CLIMATE SOLUTIONS REQUIRES SHARING SCIENCE-BACKED SOLUTIONS IN ACTIONABLE AND COMPELLING WAYS. WE USE OUR SCIENCE TO INFORM, INSPIRE, AND EMPOWER...

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DRAWDOWN LABS: UNLOCKING THE FULL POTENTIAL OF OUR CLIMATE SOLUTIONS REQUIRES SHARING SCIENCE-BACKED SOLUTIONS IN ACTIONABLE AND COMPELLING WAYS. WE USE OUR SCIENCE TO INFORM, INSPIRE, AND EMPOWER KEY STAKEHOLDERS AND EMERGING CLIMATE LEADERS - INCLUDING POLICYMAKERS, COMMUNITY LEADERS, PHILANTHROPISTS, INVESTORS, BUSINESS LEADERS, AND OTHERS - TO TAKE BOLD ACTION AND BRING THE MOST EFFECTIVE SOLUTIONS TO THE WORLD. WE HELP RAPIDLY ACCELERATE GLOBAL CLIMATE INVESTMENT BY SHOWING THE WORLD WHAT IS POSSIBLE, AND MOST EFFECTIVE IN ADDRESSING CLIMATE CHANGE. THE DRAWDOWN CAPITAL COALITION WORKS WITH IMPACT INVESTORS, PHILANTHROPISTS, AND THEIR ADVISORS TO GUIDE PRIVATE CAPITAL INTO MORE STRATEGIC, SCIENCE-BASED CLIMATE SOLUTIONS. AND WITH THE SUPPORT OF OUR PARTNERS, WE IDENTIFY OTHER ACTIONS - SUCH AS ADVOCATING FOR NEW POLICIES, PURSUING CRITICAL RESEARCH, OR ADVANCING PUBLIC COMMUNICATION - THAT CAN ALSO HELP SCALE CLIMATE SOLUTIONS. TO DATE, THIS WORK HAS HELPED GUIDE BILLIONS OF DOLLARS TOWARD MORE EFFECTIVE CLIMATE SOLUTIONS. THROUGH PROJECT DRAWDOWN'S JOB FUNCTION ACTION GUIDES, WE ARE EMPOWERING EMPLOYEES TO TAKE CLIMATE ACTION WHILE AT WORK AND HELP THEIR COMPANIES IMPLEMENT CLIMATE SOLUTIONS. WE HOST INTERACTIVE TRAINING PROGRAMS THAT HELP CLIMATE-PASSIONATE EMPLOYEES ENGAGE THEIR EMPLOYERS IN SCALING CLIMATE ACTION. FINALLY, RECOGNIZING THE CRITICAL IMPORTANCE OF INDIVIDUAL CLIMATE ACTIONS, WE ARE COLLABORATING TO LAUNCH SHIFT, A GAME-CHANGING NEW TOOL FOR CLIMATE-CONSCIOUS INDIVIDUALS SEEKING GUIDANCE FOR TAKING THE MOST EFFECTIVE, SCIENCE-BASED PERSONAL CLIMATE ACTION POSSIBLE - AT HOME, AT WORK, AND IN THEIR COMMUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,709,336
Program Service Revenue $332,467
Investment Income $210,709
Other Revenue $16,673
TOTAL REVENUE $8,269,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,520,206
Fundraising Expenses $374,913
Program Expenses $3,447,661
Other Expenses $959,116
TOTAL EXPENSES $4,479,322

Year-over-Year Comparison

2024 2023 Change
Revenue $8,269,185 $5,275,472 +0.6%
Expenses $4,479,322 $5,081,083 -0.1%
Net Income $3,789,863 $194,389 +18.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
24
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$941,237
Total Directors
7
$0
Key Employees
2
$425,165
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN FOLEY EXECUTIVE DI 40.00
Officer
$417,968 $60,392 $478,360
RESHMA PATTNI FINANCE DIRE 40.00
Officer
$151,020 $42,016 $193,036
ELIZABETH BAGLEY MANAGING DIR 40.00
Officer
$223,431 $46,410 $269,841
TOOD REUBOLD MARKETING DI 40.00
Key Emp
$185,964 $56,064 $242,028
MATTHEW SCOTT ENGAGEMENT D 40.00
Key Emp
$164,648 $18,489 $183,137
STEPHAN NICOLEAU CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER CALDWELL SECRETARY 1.00
Officer Director
$0 $0 $0
PEGGY LIU DIRECTOR 0.50
Director
$0 $0 $0
ANGELA MWANZA DIRECTOR 0.50
Director
$0 $0 $0
BRADLEY PALMER DIRECTOR 0.50
Director
$0 $0 $0
LAURA TURNER SEYDEL DIRECTOR 0.50
Director
$0 $0 $0
LOLA WOETZEL DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $8,269,185 $4,479,322 $8,543,786 $3,789,863
2023 $5,275,472 $5,081,083 $4,623,077 $194,389
2022 $3,658,202 $4,771,219 $3,757,123 $-1,113,017
2021 $4,278,877 $3,910,473 $4,426,506 $368,404
2020 $5,648,661 $2,517,177 $4,001,897 $3,131,484
2019 $1,799,363 $1,856,499 $642,337 $-57,136
2018 $1,708,685 $1,356,700 $609,043 $351,985
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