Nonprofit · EIN 46-4621007
PRIME COALITION INC
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,283,514 | $13,797,698 | -$1,514,184 | $89,941,716 | $28,525,420 | $61,416,296 |
| December 31, 2023 | 990 | $9,932,163 | $10,541,829 | -$609,666 | $94,941,276 | $36,318,078 | $58,623,198 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,594,611
- Program service revenue
- $339,413
- Investment income
- $907,996
- Other revenue
- $441,494
Expenses
- Grants and similar amounts paid
- $1,569,787
- Compensation of officers, directors and key employees
- $1,338,955
- Other salaries and wages
- $2,009,619
- Salaries, compensation and benefits (total)
- $3,840,713
- Professional fundraising fees
- $164,000
- Legal fees
- $64,881
- Accounting fees
- $225,439
- Occupancy
- $109,568
- Travel
- $331,731
- Program services (functional)
- $12,398,206
- Management and general (functional)
- $953,989
- Fundraising (functional)
- $445,503
Balance sheet and other
- Total assets, start of year
- $94,941,276
- Total assets, end of year
- $89,941,716
- Total liabilities, end of year
- $28,525,420
- Net assets, end of year
- $61,416,296
- Net assets without donor restrictions
- $37,366,019
- Net assets with donor restrictions
- $24,050,277
- Gross receipts
- $12,283,514
- Employees
- 25
- Volunteers
- 67
- Year formed
- 2014
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH KEARNEY | EXECUTIVE DIRECTOR Trustee or director, Officer | 45 | $282,082 | $48,341 |
| LARA PIERPOINT | MANAGING DIRECTOR, TRELLIS CLIMATE Key employee | 45 | $306,900 | $19,036 |
| KERI BROWDER | DIRECTOR OF IMPACT ACCOUNTABILITY Key employee | 45 | $194,656 | $51,485 |
| MELISSA HARRIS | SR. DIR., PRTNRSHPS (UNTIL 07/15/24) Highest-paid employee | 45 | $220,480 | $14,355 |
| JULIE REMMELTS | DIRECTOR OF FINANCE AND OPERATIONS Officer | 45 | $192,876 | $33,698 |
| ANNA GOLDSTEIN | DIRECTOR OF IMPACT Key employee | 45 | $197,427 | $13,520 |
| EMILY LEWIS O'BRIEN | PRINCIPAL, TRELLIS CLIMATE Highest-paid employee | 45 | $195,950 | $12,379 |
| KIMBERLEE SCOTT | PRINCIPAL, TRELLIS CLIMATE Highest-paid employee | 45 | $169,318 | $11,036 |
| MAHMOUD SALEH DEMAND FLEXIBIL- | ITY PROJECT MANAGER (AS OF 02/15/24) Highest-paid employee | 45 | $140,164 | $18,200 |
| CLAUDIA LEON | SR. MGR. OF IMPACT (AS OF 01/08/24) Highest-paid employee | 45 | $133,804 | $16,607 |
| GEOFF CHAPIN | CHAIR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| FIONA MURRAY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| MARGOT BROWN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LUBNA ELIA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BRIAN GALLAGHER | DIRECTOR (AS OF 10/25/24) Trustee or director | 0.5 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF MCCARTHY | DIRECTOR (UNTIL 12/31/24) Trustee or director | 0.5 | $0 |
| ALICIA SEIGER | DIRECTOR Trustee or director | 0.5 | $0 |
| NICOLE SYSTROM | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH KEARNEY | EXECUTIVE DIRECTOR Trustee or director, Officer | 45 | $278,065 | $28,111 |
| MARGARET CUTTS - DIR OF P'SHIPS | (THRU 04/14/23) SR. ADVISOR, P'SHIPS Highest-paid employee | 30 | $234,556 | $2,747 |
| LARA PIERPOINT - MANAGING DIR | TRELLIS CLIMATE (AS OF 04/17/23) Key employee | 45 | $213,388 | $313 |
| JULIE REMMELTS | DIRECTOR OF FINANCE AND OPERATIONS Officer | 45 | $175,869 | $23,224 |
| ANNA GOLDSTEIN | DIRECTOR OF IMPACT Key employee | 45 | $194,258 | $683 |
| EMILY LEWIS O'BRIEN - PRINCIPAL | TRELLIS CLIMATE (AS OF 01/06/23) Highest-paid employee | 45 | $183,361 | $313 |
| DON NELSON | SENIOR MANAGER, CORP. PARTNERSHIPS Highest-paid employee | 45 | $153,203 | $28,892 |
| KERI BROWDER | DIRECTOR OF IMPACT ACCOUNTABILITY Key employee | 45 | $160,140 | $18,868 |
| MAICA ROLLIN | SENIOR MANAGER, ACCOUNTING Highest-paid employee | 30 | $120,725 | $18,959 |
| MARGARET LEE | MANAGER, PARTNERSHIPS STRATEGY Highest-paid employee | 45 | $120,615 | $11,435 |
| MARGOT BROWN | DIRECTOR (AS OF 07/18/23) Trustee or director | 0.5 | $0 | $0 |
| LUBNA ELIA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JEFF MCCARTHY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALICIA SEIGER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| NICOLE SYSTROM | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GEOFF CHAPIN | CHAIR/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| FIONA MURRAY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 625 MASSACHUSETTS AVENUE 2ND FLOOR, CAMBRIDGE, MA 02139-3357
- In care of
- % SARAH KEARNEY
- Principal officer (990 for 2024)
- SARAH KEARNEY, 625 MASSACHUSETTS AVENUE 2ND FLOOR, CAMBRIDGE, MA 02139
- Signed the 990
- JULIE REMMELTS, CHIEF OPERATING OFFICER
- Phone
- (404) 625-4884
- Website
- WWW.PRIMECOALITION.ORG
- Return prepared by
- RSM US LLP
Mission
PRIME COALITION EMPOWERS DONORS TO ADVANCE UNTAPPED CLIMATE SOLUTIONS WITH SPEED AND SCALE THROUGH ITS THREE PROGRAMS: CATALYTIC INVESTING, KNOWLEDGE SHARING, AND TECHNICAL ADVISING.
Program accomplishments
- (A) CATALYTIC INVESTING: PRIME SERVES AS A WATERWAY TO DEPLOY CHARITABLE CAPITAL INTO MARKET-DRIVEN CLIMATE SOLUTIONS. OUR CATALYTIC INVESTING PROGRAMS ARE PURPOSE-BUILT TO REDUCE BARRIERS TO CLIMATE IMPACT. SINCE 2014, PRIME HAS CLOSED $67M OF CATALYTIC CAPITAL INTO ITS NONPROFIT FORM, MOBILIZED $312.2M INTO ITS CATALYTIC INVESTMENT OPPORTUNITIES, AND UNLOCKED $1.4B IN EXTERNAL FUNDING FOR PRIME HOLDINGS. (B) KNOWLEDGE SHARING: PRIME CONVENES THE PROJECT FRAME COMMUNITY, WHICH HAS UNITED OVER 900 PARTICIPANTS WITHIN THREE YEARS, REPRESENTING 400 INVESTMENT MANAGEMENT FIRMS AND CLIMATE EXPERTS ON THE SUBJECT OF CLIMATE IMPACT ANALYSIS. ITS GLOBALLY RECOGNIZED PRE-INVESTMENT METHODOLOGY HAS 1,300+ DOWNLOADS. IN ADDITION, PRIME MANAGES THE CRANE TOOL, THE ONLY FREE, OPEN-ACCESS WEB PLATFORM AVAILABLE TO EVALUATE FORWARD-LOOKING CLIMATE IMPACT. CRANE IS USED ACROSS 90+ COUNTRIES BY 6,000+ USERS, WHO HAVE GENERATED 123,000+ REPORTS TO DATE. (C) TECHNICAL ADVISING: PRIME ADVISES PHILANTHROPIST AND INVESTOR CLIENTS ON CLIMATE IMPACT ASSESSMENT.Expenses $12,398,206 · grants $1,569,787 · revenue $780,907
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-4621007
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $89,941,716
- Income (IRS master file)
- $12,283,514
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,283,514 | $13,797,698 | $89,941,716 | XML |
| 990 | December 2023 | $9,932,163 | $10,541,829 | $94,941,276 | XML |
| 990 | December 2022 | $11,482,211 | $6,662,730 | $108,161,828 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-4621007).
Questions about PRIME COALITION INC
- What is the EIN of PRIME COALITION INC?
- The employer identification number (EIN) of PRIME COALITION INC is 46-4621007.
- Is PRIME COALITION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to PRIME COALITION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRIME COALITION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRIME COALITION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRIME COALITION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRIME COALITION INC?
- The 990 for the year ended December 31, 2024 names SARAH KEARNEY.
- Who are the officers and directors of PRIME COALITION INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 10 received compensation from the organization, the highest $282,082 (SARAH KEARNEY, EXECUTIVE DIRECTOR).
- How much revenue does PRIME COALITION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,283,514, expenses of $13,797,698 and total assets of $89,941,716 at year end.
Other nonprofits in CAMBRIDGE
- VINFEN CORPORATION EIN 04-2632219 · last filed 990 for 2025
- VINFEN CORPORATION OF CONNECTICUT INC EIN 06-1569439 · last filed 990 for 2025
- CAMPUS CHILD CARE INC EIN 04-2716370 · last filed 990 for 2025
- BRIDGES HOMEWARD INC EIN 04-2104057 · last filed 990 for 2025
- MASSACHUSETTS ALLIANCE OF PORTUGUESE SPEAKERS INC EIN 04-2596270 · last filed 990 for 2025
- ESSENTIAL PARTNERS INC EIN 22-3432160 · last filed 990 for 2025
- TANZANIAN CHILDRENS FUND INC EIN 74-3087284 · last filed 990 for 2024
- ADOLESCENT CONSULTATION SERVICES INC EIN 04-3263996 · last filed 990 for 2025
All nonprofits in CAMBRIDGE · Massachusetts · Human services