Nonprofit · EIN 87-0984253
CALVERT IMPACT INC
Tax-exempt · BETHESDA, MD 20814
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,709,669 | $2,755,280 | $954,389 | $54,015,613 | $48,035,144 | $5,980,469 |
| December 31, 2023 | 990 | $433,667 | $407,587 | $26,080 | $34,652,058 | $29,625,978 | $5,026,080 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $929,253
- Program service revenue
- $2,780,416
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,701,058
- Management and general (functional)
- $54,222
Balance sheet and other
- Total assets, start of year
- $34,652,058
- Total assets, end of year
- $54,015,613
- Total liabilities, end of year
- $48,035,144
- Net assets, end of year
- $5,980,469
- Net assets without donor restrictions
- $5,980,469
- Gross receipts
- $3,709,669
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- State of legal domicile
- DE
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JENNIFER PRYCE | PRESIDENT & CEO Officer | 1 | $0 | $664,155 | $56,976 |
| DEREK STROCHER | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $463,256 | $56,976 |
| BART HARVEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JENNIFER ISERN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ORLANDO FIGUEROA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JENNIFER PRYCE | PRESIDENT & CEO Officer | 1 | $0 | $548,696 | $56,833 |
| DEREK STROCHER | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $445,240 | $52,232 |
| BART HARVEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JENNIFER ISERN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ORLANDO FIGUEROA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7550 WISCONSIN AVE 8TH FLOOR, BETHESDA, MD 20814-3559
- In care of
- % JENNIFER PRYCE
- Principal officer (990 for 2024)
- JENNIFER PRYCE, 7550 WISCONSIN AVE 8TH FLOOR, BETHESDA, MD 20814
- Signed the 990
- DEREK STROCHER, CFO
- Phone
- (800) 248-0337
- Website
- WWW.CALVERTIMPACT.ORG
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
CALVERT IMPACT CLIMATE, INC ISSUES CUT CARBON NOTES TO PROVIDE A SECURED, INVESTMENT-GRADE RATED, FIXED-INCOME PRODUCT THAT FINANCES SUSTAINABILITY UPGRADES FOR COMMERCIAL BUILDINGS, WITH THE OBJECTIVE OF REDUCING CARBON EMISSIONS.
Program accomplishments
- CUT CARBON NOTE: COMBATING CLIMATE CHANGE REQUIRES CUTTING EMISSIONS NOW. TODAY, THE BUILDINGS WHERE WE LIVE, WORK, AND PLAY ARE SOME OF THE LARGEST CONTRIBUTORS TO CARBON EMISSIONS IN THE UNITED STATES. BUT LOWER-CARBON SOLUTIONS FOR BUILDINGS ALREADY EXIST. THE CUT CARBON NOTE IS A SECURED, INVESTMENT-GRADE RATED, FIXED-INCOME PRODUCT THAT FINANCES SUSTAINABILITY UPGRADES FOR COMMERCIAL BUILDINGS, WITH THE OBJECTIVE OF REDUCING CARBON EMISSIONS. BY REMOVING OBSTACLES TO CONSTRUCTING GREENER BUILDINGS, WE'RE MAKING IT ATTRACTIVE TO PUT SUSTAINABILITY AT THE FOREFRONT OF BUILDING DECISIONS.Expenses $2,701,058 · revenue $2,780,416
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
- 87-0984253
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $54,015,613
- Income (IRS master file)
- $3,709,669
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,709,669 | $2,755,280 | $54,015,613 | XML |
| 990 | December 2023 | $433,667 | $407,587 | $34,652,058 | XML |
| 990 | December 2022 | $5,000,000 | $0 | $5,000,000 | 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 87-0984253).
Questions about CALVERT IMPACT INC
- What is the EIN of CALVERT IMPACT INC?
- The employer identification number (EIN) of CALVERT IMPACT INC is 87-0984253.
- Is CALVERT IMPACT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CALVERT IMPACT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CALVERT IMPACT 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 CALVERT IMPACT 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 CALVERT IMPACT 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 CALVERT IMPACT INC?
- The 990 for the year ended December 31, 2024 names JENNIFER PRYCE.
- Who are the officers and directors of CALVERT IMPACT INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CALVERT IMPACT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,709,669, expenses of $2,755,280 and total assets of $54,015,613 at year end.
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All nonprofits in BETHESDA · Maryland · Community improvement and capacity building