CharityWatch is unable to provide a complete rating of Greenpeace Fund for its fiscal year ended 12/31/2021 due to how the organization is structured.
According to the Greenpeace Fund audit of December 31, 2021 (Note 8, Related Party Transactions, Stichting Greenpeace Council):
"Greenpeace is a global environmental organization, consisting of Greenpeace International (Stichting Greenpeace Council –the 'Council') in Amsterdam and 28 independent national and regional offices across the world covering operations in more than 55 countries. These national/regional offices are independent in carrying out global campaign strategies within the local context they operate within, and in seeking the necessary financial support from donors to fund this work. Greenpeace International's main legal entity is 'Stichting Greenpeace Council' (SGC). It is a Dutch Stichting -a foundation-type nonprofit entity- based in Amsterdam, the Netherlands. Although the Organization [Greenpeace Fund] is a nonvoting member of the Council, all Greenpeace entities are influenced by decisions of the Council. However, the Organization has ultimate responsibility for and control over its own activities and decisions."
The U.S.-based Greenpeace Fund (tax ID #95-3313195) is one of the 28 independent offices referenced above that contributes financially to Greenpeace International (Stichting Greenpeace Council). According to the Greenpeace Fund audit of December 31, 2021 (Note 8, Related Party Transactions), Greenpeace Fund granted $8,028,130 to Stichting Greenpeace Council and $5,100,000 to Greenpeace, Inc. (Greenpeace, Inc. is a related U.S.-based 501(c)(4) tax-exempt, social welfare organization.) The grants from Greenpeace Fund to Stichting Greenpeace Council and Greenpeace, Inc. totaled $13,128,130, which is 100% of Greenpeace Fund's program spending in 2021.
As described above, Greenpeace Fund essentially functions as a fundraising arm for its affiliated organizations, reporting no financially significant programs of its own. CharityWatch's methodology is not designed to measure how efficiently one entity of a charity grants funds to its related organizations. For this reason, CharityWatch does not believe it is fair to publish a Program % for Greenpeace Fund alongside those of other charities that conduct their own programs and/or primarily make grants to unaffiliated charities. Therefore, CharityWatch is unable to provide a Program % for Greenpeace Fund, but we are able to provide its Cost to Raise $100 fundraising ratio:
In fiscal year 2021, Greenpeace Fund spent a very reasonable $6 to raise each $100 in public support.
In order for CharityWatch to be able to provide a complete rating for Greenpeace Fund in the future, we would require consolidated / combined financial statements, expressed in U.S. dollars and based on U.S. GAAP (Generally Accepted Accounting Principles) reporting standards, that include all of Greenpeace International's related entities. Such statements would eliminate inter-organizational related party transactions, as well as provide a comprehensive view of how the organization both raises and spends public dollars on the whole. This information may not currently be practicable for Greenpeace International to provide given that it is headquartered in Europe, and because its national and regional offices may not be subject to comparable financial reporting requirements in their home countries.
[NOTE: CharityWatch provides a separate, complete letter grade rating for Greenpeace Fund's related 501(c)(4) tax-exempt, social welfare organization, Greenpeace, Inc. (tax ID #52-1541501). For information about things to consider when donating to organizations that have related public charity and social welfare entities, read CharityWatch's article, "Sorting Out Nonprofit Pairs," in the "Articles & Alerts" section, below.]
According to the Greenpeace Fund audit of December 31, 2021 (Note 4, Concentrations, Market Risk):
"The Organization invests in various investment securities. Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and those changes could materially affect the amounts reported in the [audited] statements of financial position and activities."
According to the Greenpeace Fund audit of December 31, 2021 (Note 12, General Contingencies):
"During the year ended December 31, 2020, the World Health Organization declared the spread of the Coronavirus disease (COVID-19) a worldwide pandemic. The COVID-19 pandemic is having significant effects on global markets, supply chains businesses, and communities. The Organization responded to the pandemic by suspending all traveling and face-to-face meetings. The ongoing health crisis may affect various parts of its operations and financial results, including, but not limited to, reduction of acquisition revenue streams. As of June 22, 2022, the amount and likelihood of loss relating to these events is not determined and cannot be reasonably estimated as these events are still developing."
According to the Greenpeace Fund 2021 tax filing, Greenpeace Fund reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):
Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, line 7):
"In 2021, certain individuals reported in Form 990 Part VII [Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors] were paid the bonuses identified below:
Constantin Doumas, Finance Director/Secretary $2,154
Deepa Padmanabha, Assistant Secretary $782
William Richardson, Deputy Director/Major Gifts Officer $9,231"
[The reported total compensation in 2021 for the above individuals is $79,153, $37,170, and $162,172, respectively (IRS Form 990, Part VII & Schedule J, Part II).]