2024-10-04T19:46:24-05:00 2023-12-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-01-01 464355039 TONIIC INSTITUTE TONI 4157469925 47 KEARNY ST 600 SAN FRANCISCO CA 941085525 SEAN CHIASSON DIRECTOR OF FINANCE 4157469925 2024-09-30 1 0 MAGA E KISRIEV P01008919 4089988400 2023 2024-10-15 13:58:12Z ADAM BENDELL 47 KEARNY ST 600 SAN FRANCISCO CA 941085525 2906782 0 X WWW.TONIIC.COM X 2013 CA TO EDUCATE, RESEARCH, ADVOCATE AND PROVIDE OPPORTUNITIES IN THE FIELD OF IMPACT INVESTING. 10 9 16 11 0 0 1857144 1403477 1503912 1458871 75 44434 0 0 3361131 2906782 0 0 0 0 1679277 1693849 0 0 30677 1163160 1361137 2842437 3054986 518694 -148204 2483628 2687795 439105 791476 2044523 1896319 TO EDUCATE, RESEARCH AND ADVOCATE IN THE FIELD OF IMPACT INVESTING; TO MAKE IMPACT INVESTING KNOWLEDGE ACCESSIBLE TO MEMBERS AND THE GENERAL PUBLIC IN ORDER TO SOLVE SOCIAL AND ENVIRONMENTAL CHALLENGES. 0 0 2250934 0 1458871 MEMBER SERVICES: IN 2023, TONIIC SERVED APPROXIMATELY 270 MEMBER ACCOUNTS ACROSS 30 COUNTRIES. TONIIC MEMBERS INCLUDE INDIVIDUAL INVESTORS, FOUNDATIONS, AND FAMILY OFFICES. MEMBERS ARE ACTIVE IMPACT INVESTORS, AND MANY ARE THOUGHT LEADERS. TONIIC FACILITATED 191 GLOBAL CALLS, WEBINARS, AND EVENTS WITH MORE THAN 3,136 ATTENDEES TO PROMOTE IMPACT INVESTING AND ADDRESS CHALLENGES FACED BY MEMBERS AND THE FIELD IN CAPITAL DEPLOYMENT. SOME OF OUR EVENTS ARE MEMBERS-ONLY, AND SOME ARE OPEN TO THE PUBLIC. ACROSS ALL EVENTS, A SMALL PERCENTAGE OF ATTENDEES ARE NON-MEMBER GUESTS. 215553 0 0 T100: T100 IS TONIIC'S LONGITUDINAL STUDY OF THE PRACTICES AND PORTFOLIOS OF COMMITTED IMPACT INVESTORS. THE T100 PROJECT AIMS TO CONTRIBUTE TO A NEW PARADIGM OF THE FINANCIAL SYSTEM WHICH PRIORITIZES SOCIAL AND ENVIRONMENTAL IMPACTS ALONGSIDE FINANCIAL RETURNS. MANY TRADITIONAL INVESTORS AND ADVISORS SEE IMPACT INVESTING AS FRINGE OR NICHE, DISGUISED PHILANTHROPY, OR LACKING IN RIGOR. T100 PROVES OTHERWISE. IT GIVES IMPACT INVESTORS THE EVIDENCE, INSPIRATION, AND TOOLS THEY NEED TO GET STARTED. 47561 0 0 IMPACT TERMS: IMPACT TERMS OFFERS A CURATED LIBRARY OF INNOVATIONS IN IMPACT INVESTING TERMS AND STRUCTURES FREELY AVAILABLE TO ENTREPRENEURS, INVESTORS, AND IMPACT PROFESSIONALS. IN 2023, WE EXECUTED A RESEARCH PROJECT FOCUSED ON STRUCTURING REVENUE-BASED FINANCING INVESTMENTS WORLDWIDE BY HIGHLIGHTING SPECIFIC INVESTMENT STRUCTURES USED IN DIFFERENT COUNTRIES. 2514048 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 16 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ADAM BENDELL 4157469925 47 KEARNY ST 600 SAN FRANCISCO CA 941085525 ADAM BENDELL CEO & DIRECTOR 40.00 X X 234582 0 20060 ROBYNN STEFFEN CHAIR (THRU 07/23) 2.00 X X 0 0 0 ALEXANDRA KORIJN VICE CHAIR (THRU 03/23) 1.00 X X 0 0 0 ALISON FORT SECRETARY 1.00 X X 0 0 0 SIMON PICKARD TREASURER 1.00 X X 0 0 0 CYNTHIA MULLER AUDIT COMMITTEE CHAIR 1.00 X X 0 0 0 HEDDA PAHLSON-MOLLER DIRECTOR 1.00 X 0 0 0 RUTH SHABER DIRECTOR 1.00 X 0 0 0 MATT PATSKY DIRECTOR 1.00 X 0 0 0 MICHAEL AU DIRECTOR 1.00 X 0 0 0 EULER BROPLEH DIRECTOR 1.00 X 0 0 0 RODRIGO VILLAR ESQUIVEL DIRECTOR 1.00 X 0 0 0 SEAN CHIASSON DIRECTOR OF FINANCE 40.00 X 93351 0 13196 DARIO GABRIELE PARZIALE MANAGING DIRECTOR, PROGRAMS & OPS 40.00 X 147500 0 6113 DIPTI PRATT MANAGING DIRECTOR, GLOBAL MEMBERSHIP 40.00 X 140288 0 5378 JULIEN GAFAROU INVSTMNT RESEARCH & PORTFOLIO MGR 40.00 X 113515 0 4554 729236 0 49301 4 0 1 0 CINDY KO 21 HILLVIEW AVE GLENDALE PARK SINGAPORE SN 669618 CONTRACTOR SERVING AS HEAD OF ASIA-PACIF 124375 SUTRO LI 518 38TH AVE 5 SAN FRANCISCO CA 94121 ACCOUNTING & BOOKKEEPING 113400 KRISTIN SIEGEL JOSEPH-HAYDN-STR 6 MAINBURG GM 84048 CONTRACTOR SERVING AS HEAD OF EMEA 104493 NATHALIE NEBELIUS CORDINATA AB LILLA SDERGATAN 15 LUND SW 22353 PROFESSIONAL SERVICE 101885 4 1099050 304427 30656 1403477 MEMBERSHIP FEES 523940 1032772 1032772 MEMBER EVENTS 523940 407417 407417 CONSULTING FEES & OTHE 523940 18682 18682 1458871 44434 44434 2906782 1458871 0 44434 X 361188 302005 52877 6306 1106766 925402 162028 19336 14254 11908 2094 252 106293 88898 15553 1842 105348 88097 15406 1845 141180 141180 581291 567352 13939 1647 1647 110763 48516 61574 673 167835 147335 20142 358 57229 49997 7204 28 20392 13571 6784 37 4254 4254 6910 6910 MEMBERSHIP EVENT EXP. 266536 266220 316 BAD DEBT EXPENSE 3100 3100 3054986 2514048 510261 30677 1709690 2148238 150377 152240 412500 150000 194720 198405 16341 38912 2483628 2687795 108636 181348 181400 464697 149069 145431 439105 791476 X 1678860 1744834 365663 151485 2044523 1896319 2483628 2687795 -148204 0 X 0 1 X 1 0 X 2215978 1966379 1667252 1857144 1403477 9110230 2215978 1966379 1667252 1857144 1403477 9110230 1608400 7501830 8044 110 75 75 44434 52738 40304 40304 9203272 5737351 0.81510 0.69530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FORGIVEN RENT LIABILITY - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 40,304. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2993682 86900 86900 2906782 0 2906782 3141886 86900 86900 3054986 0 3054986 PART X, LINE 2: TONIIC IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND RELATED CALIFORNIA REVENUE AND TAXATION CODE SECTIONS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES ON RELATED INCOME HAS BEEN REFLECTED IN THESE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2023, MANAGEMENT EVALUATED TONIIC'S TAX POSITIONS AND CONCLUDED THAT TONIIC HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES MEMBERSHIP SERVICES: RELATIONSHIP MANAGEMENT, IN PERSON MEETINGS, WEBINARS. 8450 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 2 PROGRAM SERVICES MEMBERSHIP SERVICES: RELATIONSHIP MANAGEMENT, IN PERSON MEETINGS, WEBINARS. 234695 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 5 PROGRAM SERVICES MEMBERSHIP SERVICES: RELATIONSHIP MANAGEMENT, IN PERSON MEETINGS, WEBINARS. 574385 0 7 0 0 0 7 817530 0 817530 0 0 0 0 0 0 X X 0 0 0 0 0 0 0 0 0 ADAM BENDELL CEO & DIRECTOR 234582 0 0 0 0 0 2500 0 17560 0 254642 0 0 0 DARIO GABRIELE PARZIALE MANAGING DIRECTOR, PROGRAMS & OPS 147500 0 0 0 0 0 6100 0 13 0 153613 0 0 0 X 1 2050 FMV X AIR MILEAGE 1 28606 FMV 0 0 1 0 PART I, COLUMN (B): DONATIONS ARE REPORTED BY THE NUMBER OF DONORS THAT CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, DIRECTOR OF FINANCE, AND THIRD PARTY ACCOUNTING SERVICE PROVIDER REVIEWED THE FORM 990 WITH THE CPA FIRM THAT PREPARED THE RETURN. A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON, (ANY DIRECTOR, OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST) MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. THE MINUTES OF THE BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN ALL NECESSARY INFORMATION TO DISCLOSE ANY CONFLICT OF INTEREST, THE PROCEDURES TAKEN AS A RESULT OF SUCH CONFLICT AND THE BOARD APPROVED DECISION. FORM 990, PART VI, SECTION B, LINE 15 A VOTING MEMBER OF THE BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION FOR SERVICES IS PRECLUDED FROM VOTING ON MATTERS PERTAINING TO THAT PERSON'S COMPENSATION. WHEN APPROVING COMPENSATION FOR DIRECTORS, OFFICERS AND EMPLOYEES, CONTRACTORS, AND ANY OTHER COMPENSATION CONTRACT OR ARRANGEMENT, THE BOARD OR A DULY CONSTITUTED COMPENSATION COMMITTEE OF THE BOARD SHALL ALSO COMPLY WITH THE FOLLOWING ADDITIONAL REQUIREMENTS AND PROCEDURES: (A) THE TERMS OF COMPENSATION SHALL BE APPROVED BY THE BOARD OR COMPENSATION COMMITTEE PRIOR TO THE FIRST PAYMENT OF COMPENSATION. (B) ALL MEMBERS OF THE BOARD OR COMPENSATION COMMITTEE WHO APPROVE COMPENSATION ARRANGEMENTS MUST NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. (C) THE BOARD OR COMPENSATION COMMITTEE SHALL OBTAIN AND RELY UPON APPROPRIATE DATA AS TO COMPARABILITY PRIOR TO APPROVING THE TERMS OF COMPENSATION. APPROPRIATE DATA MAY INCLUDE THE FOLLOWING: (I) COMPENSATION LEVELS PAID BY SIMILARLY SITUATED ORGANIZATIONS, BOTH TAXABLE AND TAX-EXEMPT, FOR FUNCTIONALLY COMPARABLE POSITIONS. "SIMILARLY SITUATED ORGANIZATIONS ARE THOSE OF A SIMILAR SIZE AND PURPOSE AND WITH SIMILAR RESOURCES (II) THE AVAILABILITY OF SIMILAR SERVICES IN THE GEOGRAPHIC AREA OF THIS ORGANIZATION (III) CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS (IV) ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PERSON WHO IS THE SUBJECT OF THE COMPENSATION ARRANGEMENT. (D) THE TERMS OF COMPENSATION AND THE BASIS FOR APPROVING THEM SHALL BE RECORDED IN WRITTEN MINUTES OF THE MEETING OF THE BOARD OR COMPENSATION COMMITTEE THAT APPROVED THE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL AND CONSULTING SERVICE FEES: PROGRAM SERVICE EXPENSES 567,352. MANAGEMENT AND GENERAL EXPENSES 13,939. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 581,291.