on a number of factors.
Ratings & Metrics
|Program %||Cost to Raise $100|
Governance & Transparency
Unable to Provide Salaries
CharityWatch is unable to provide a range of Top Three Salaries for this charity for the above fiscal reporting year because we lack complete salary data for the organization. Except for officers, directors, and trustees, the IRS does not require breakouts of salaries totaling less than $100,000.
For example, XYZ charity would be required to provide a breakout in its tax form of compensation to its president of $55,000, but would not be required to provide a breakout of $99,000 in compensation to its top medical researcher if that person is not also an officer, director, or trustee of the organization.
This charity reports that compensation to its officers, directors, and trustees is under $100,000 per individual. Donors who would like to view limited salary data for this organization should refer to its tax form, which may be available on the charity's web site or from a number of third-party sources. See CharityWatch's Links page for information on obtaining copies of charity tax forms.
According to the Green America audit of March 31, 2022 (Note 10, Donated Services), Green America received in-kind contributions of "Legal and consulting services" in fiscal 2022 on which it placed a total value of $50,673.
[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]
According to the Green America audited Statement of Activities and Changes in Net Assets for the year ended March 31, 2022, Green America reports under Revenue and Support $500,000 in "Loan forgiveness - Paycheck Protection Program".
According to the Green America audit of March 31, 2021 (Note 4, Notes Payable):
"The Organization received a loan from Beneficial State Bank in the amount of $500,000 under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The loan is subject to a note dated April 10, 2020, and may be forgiven to the extent proceeds of the loan are used for eligible expenditures such as payroll and other expenses described in the CARES Act. ... Subsequent to year end [March 31, 2021], the Organization was notified that its application for full forgiveness of the first round of Paycheck Protection Program loan in the amount of $500,000 was approved by the Small Business Administration."
According to the Green America audit of March 31, 2022 (Note 4, Agency Funds):
"Agency Funds consist of funds awarded, based on a mutual agreement, between the Organization and Multiplier (a California nonprofit public benefit corporation), to transfer the Organization's Climate Safe Lending Network program, and all related assets thereto, to Multiplier, after March 31, 2022. The Agency Funds balance at March 31, 2022, was $348,216 and is expected to be paid to Climate Safe Lending vendors and Multiplier during the fiscal year ending March 31, 2023. Management believes that this transfer will help the program flourish in an international setting that Multiplier can provide, and that the financial impact on the Organization will be net positive in the fiscal year ending March 2023, as program expense[s] were expected to exceed revenue."
According to the Green America audit of March 31, 2022 (Note 15, Subsequent Events):
"Subsequent to March 31, 2022, the stock market experienced a significant decline in value. As of September 30, 2022, the Dow Jones industrial average declined approximately 17% since March 31, 2022. During the same period, it is estimated that the endowment investments declined by 17%. The Organization will continue to monitor endowment investments as it has successfully done in the past and has no plans to change its investment portfolio or related policies."
According to the Green America audit of March 31, 2022 (Note 18, Uncertainties):
"Green America will continue to monitor the potential impact of the Covid-19 pandemic on the Organization's activities for the remainder of 2022 and thereafter, with such potential impacts being uncertain at this time. Depending on the duration of the pandemic, and its effect on the economy, including a possible recession, the Organization might experience negative results and liquidity restraints. Management believes it has sufficient cash reserves to maintain operations for the foreseeable future."