| Entity | Document Type | Tax ID |
|---|---|---|
| Rainforest Action Network | IRS Form 990 | 94-3045180 |
| Rainforest Action Network | Audited Financial Statements | 94-3045180 |
|
Entity: Rainforest Action Network Document Type: IRS Form 990 Tax ID: 94-3045180 |
|
Entity: Rainforest Action Network Document Type: Audited Financial Statements Tax ID: 94-3045180 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Ginger Cassady | Executive Director | $189,295 |
| 2 | Pallavi Phartiyal | Deputy Director | $187,823 |
| 3 | Marie Michelson | Digital Director | $154,067 |
|
1 Name: Ginger Cassady Title: Executive Director Compensation: $189,295 |
|
2 Name: Pallavi Phartiyal Title: Deputy Director Compensation: $187,823 |
|
3 Name: Marie Michelson Title: Digital Director Compensation: $154,067 |
According to the Rainforest Action Network (RAN) audit of June 30, 2021 (Note 12, In-kind Contributions), RAN received in-kind contributions in fiscal 2021 on which it placed a total value of $414,452. Of this amount, $414,302 consisted of in-kind "digital advertising (Google Grants)." [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 Rainforest Action Network (RAN) audit of June 30, 2021 (Note 8, Loan Payable to SBA Under Payroll Protection Program): "During May 2020, RAN received $770,000 in a forgivable loan under the Small Business Administration Paycheck Protection Program ('PPP'). Congress established the PPP to provide relief to small businesses during the coronavirus pandemic as part of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act... This legislation authorized the United States Treasury Department to use the SBA's 7(a) small business lending program to fund loans of up to $10 million per borrower that qualifying entities can spend to cover payroll, interest, rent, and utilities. "In December 2020, RAN applied for and received full forgiveness of the PPP loan and recorded the full amount of $770,000 as gain on extinguishment of debt on the [audited] statement of activities. "In February 2021, RAN applied for and received a second draw PPP loan in the amount of $778,750. Management fully anticipates that it will satisfy the PPP's eligibility and loan forgiveness criteria, enabling the funds to be reclassified from a liability to income. ... Once the loan is, in part or wholly, forgiven and legal release is received, RAN will reduce the liability by the amount forgiven and record the forgiven loan as gain on extinguishment of debt. Subsequent to June 30, 2021, RAN applied for forgiveness for the second draw PPP loan in September 2021." |
According to the Rainforest Action Network (RAN) audit of June 30, 2021 (Note 10, Related Party Transactions): "During the years ended June 30, 2021 and 2020, RAN's executive director was also a board member of an organization to which RAN issued grants in the amount of $142,500 and $75,000, respectively." |
According to the Rainforest Action Network (RAN) audit of June 30, 2021 (Note 17, COVID-19): "Although the COVID-19 threat has abated, the worldwide threat continues to (a) impact financial markets, (b) threaten revenue streams, and (c) impact private enterprises with which RAN conducts business. Business continuity, including supply chains and consumer demand across a broad range of industries and countries, continues to present challenges. Management continues to monitor and evaluate its options. These [audited] financial statements do not contain any adjustments related to economic losses which may or may not be realized." |
