SPRING STREET CLIMATE FUND INC

EIN: 871178886 501(c)(3) Environment

BROOKLYN, NY

Total Revenue
$3,172,536
Total Expenses
$2,556,138
Total Assets
$1,380,340
Net Assets
$1,345,385
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
SONIA ISARD
Phone
9172679397
Tax Period
2024-07-01 to 2025-06-30

SPRING STREET CLIMATE FUND INC, founded in 2021, is a community nonprofit in the Environment sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $616K, a strong 19% operating margin.

Mission

SPRING STREET CLIMATE FUND SUPPORTS HIGH-IMPACT POLICY CAMPAIGNS THAT CAN MAKE NEW YORK A MODEL STATE FOR CLIMATE PROGRESS. WE IDENTIFY OPPORTUNITIES TO WIN SCALABLE CLIMATE SOLUTIONS AND INVEST IN THE GRASSROOTS CLIMATE CAMPAIGNS THAT CAN SUCCEED.

Program Service Accomplishments

Program 1
Expenses: $1,073,163 Revenue: $385,989

FISCAL SPONSORSHIP - SPRING STREET CLIMATE FUND'S FISCAL SPONSORSHIP PROGRAM SUPPORTS ALIGNED CLIMATE AND ADVOCACY PROJECTS BY PROVIDING FINANCIAL MANAGEMENT, ADMINISTRATIVE SUPPORT, COMPLIANCE...

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FISCAL SPONSORSHIP - SPRING STREET CLIMATE FUND'S FISCAL SPONSORSHIP PROGRAM SUPPORTS ALIGNED CLIMATE AND ADVOCACY PROJECTS BY PROVIDING FINANCIAL MANAGEMENT, ADMINISTRATIVE SUPPORT, COMPLIANCE OVERSIGHT, AND OPERATIONAL INFRASTRUCTURE. THIS ALLOWS SPONSORED PROJECTS TO FOCUS ON THEIR PROGRAMS AND ORGANIZING WORK WHILE OPERATING UNDER SSCF'S NONPROFIT STRUCTURE.

Program 2
Expenses: $698,792 Revenue: $20,693

GENERAL PROGRAM - THE GENERAL PROGRAM SUPPORTS THE CORE OPERATIONS AND ONGOING WORK OF SPRING STREET CLIMATE FUND. THIS INCLUDES ORGANIZATIONAL MANAGEMENT, INTERNAL OPERATIONS, COMMUNICATIONS, AND...

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GENERAL PROGRAM - THE GENERAL PROGRAM SUPPORTS THE CORE OPERATIONS AND ONGOING WORK OF SPRING STREET CLIMATE FUND. THIS INCLUDES ORGANIZATIONAL MANAGEMENT, INTERNAL OPERATIONS, COMMUNICATIONS, AND ADMINISTRATIVE SUPPORT NECESSARY TO CARRY OUT THE ORGANIZATION'S MISSION. THE PROGRAM ALSO SUPPORTS PLANNING, COORDINATION, AND OPERATIONAL CAPACITY-BUILDING ACROSS SSCF'S INITIATIVES AND PARTNERSHIPS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,764,964
Program Service Revenue $406,682
Investment Income $832
Other Revenue $58
TOTAL REVENUE $3,172,536

Expense Breakdown

Grants Paid $361,541
Salaries & Benefits $983,906
Fundraising Expenses $339,188
Program Expenses $1,771,955
Other Expenses $1,210,691
TOTAL EXPENSES $2,556,138

Year-over-Year Comparison

2024 2023 Change
Revenue $3,172,536 $1,744,553 +0.8%
Expenses $2,556,138 $1,316,665 +0.9%
Net Income $616,398 $427,888 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
12
Volunteers
5

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
$101,003
Total Directors
6
$123,535
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN RASKIN BOARD MEMBER 40
Director
$103,508 $20,027 $123,535
SONIA ISARD MANAGING DIRECTOR 40
Officer
$101,003 $0 $101,003
TABITHA DECKER CHAIR 2
Officer Director
$0 $0 $0
NICK SIFUENTES VICE CHAIR 1
Officer Director
$0 $0 $0
CELESTE LECOMPTE TREASURER 1
Officer Director
$0 $0 $0
SHUCHI TALATI SECRETARY 1
Officer Director
$0 $0 $0
DELIA KULUKUNDIS BOARD MEMBER 1
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
2025 $3,172,536 $2,556,138 $1,380,340 $616,398
2024 $1,744,553 $1,316,665 $774,936 $427,888
2023 $954,147 $833,474 $315,941 $120,673
2022 $564,653 $384,228 $185,233 $180,425
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