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Nonprofit · EIN 94-3241464

INSTITUTE FOR MARKET TRANSFORMATION INC

Tax-exempt · WASHINGTON, DC 20036

Financials

$8.8M$6.5M2023$6.5M$8.1M2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE FOR MARKET TRANSFORMATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,537,555$8,135,948-$1,598,393$5,394,663$865,056$4,529,607
December 31, 2023990$8,826,978$6,467,857$2,359,121$6,580,356$452,356$6,128,000
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$5,029,262
of which government grants
$1,524,805
Program service revenue
$1,372,675
Investment income
$132,861
Other revenue
$2,757

Expenses

Grants and similar amounts paid
$1,293,750
Compensation of officers, directors and key employees
$451,320
Other salaries and wages
$3,826,832
Salaries, compensation and benefits (total)
$5,074,827
Professional fundraising fees
$0
Legal fees
$12,437
Accounting fees
$32,057
Occupancy
$70,441
Travel
$104,577
Depreciation
$23,131
Program services (functional)
$6,992,673
Management and general (functional)
$923,229
Fundraising (functional)
$220,046

Balance sheet and other

Total assets, start of year
$6,580,356
Total assets, end of year
$5,394,663
Total liabilities, end of year
$865,056
Net assets, end of year
$4,529,607
Land, buildings and equipment
$37,239
Net assets without donor restrictions
$2,359,630
Net assets with donor restrictions
$2,169,977
Gross unrelated business income
$305,535
Gross receipts
$6,537,555
Employees
45
Volunteers
0
Year formed
1996
State of legal domicile
DC

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.

NameTitleHours / weekCompensationOther / benefits
ALEX DEWSCEO
Officer
35$211,550$22,047
BETSY LAWMANAGING DIRECTOR
Officer
35$193,315$24,408
MARLA THALHEIMERSENIOR DIRECTOR
Highest-paid employee
35$150,636$38,557
CLIFFORD MAJERSIKSENIOR ADVISOR
Highest-paid employee
35$143,649$37,163
LAUREN J MILLERSENIOR DIRECTOR
Highest-paid employee
35$155,183$9,168
THERESA M BACKHUSDIRECTOR
Highest-paid employee
35$132,485$18,380
LINDSEY D FALASCADIRECTOR
Highest-paid employee
35$139,558$8,889
SANDRA HENRYBOARD CHAIR
Trustee or director, Officer
2$0$0
AKSHAI RAOBOARD SECRETARY
Trustee or director, Officer
2$0$0
BOMEE JUNGBOARD TREASURER
Trustee or director, Officer
2$0$0
ERIC WALKERBOARD VICE CHAIR
Trustee or director, Officer
2$0$0
CARLTON BROWNBOARD MEMBER
Trustee or director
2$0$0
JULIA GISEWITEBOARD MEMBER/AUDIT CHAIR
Trustee or director
2$0$0
TAMARA JONESBOARD MEMBER
Trustee or director
2$0$0
MAUREEN WATERSBOARD MEMBER
Trustee or director
2$0$0
1 more people on this return
NameTitleHours / weekCompensation
DAVID GOLDSTEINBOARD MEMBER (UNTIL 10/20/2025)
Trustee or director
2$0
990 for the year ended December 31, 2023: 20 people
NameTitleHours / weekCompensationOther / benefits
LOTTE SCHLEGELEXECUTIVE DIRECTOR
Officer
35$191,849$26,449
ALEX DEWSMANAGING DIRECTOR
Officer
35$166,633$17,876
MARLA THALHEIMERSENIOR DIRECTOR
Highest-paid employee
35$144,335$35,338
BETSY LAWMANAGING DIRECTOR
Officer
35$160,286$18,817
CLIFFORD MAJERSIKSENIOR ADVISOR
Highest-paid employee
35$138,007$30,962
LAUREN JESSICA MILLERSENIOR DIRECTOR
Highest-paid employee
35$143,217$5,791
MICHAEL TOWLERDIRECTOR
Highest-paid employee
35$125,520$20,767
AMY BOYCESENIOR DIRECTOR
Highest-paid employee
35$131,417$3,943
ASHAWNDA FLEMINGMANAGING DIRECTOR
Officer
35$108,734$15,989
ADAM HINGEBOARD CHAIR
Trustee or director, Officer
2$0$0
SANDRA HENRYBOARD CHAIR-ELECT
Trustee or director, Officer
2$0$0
AKSHAI RAOBOARD SECRETARY
Trustee or director, Officer
2$0$0
BOMEE JUNGBOARD TREASURER
Trustee or director, Officer
2$0$0
ERIC WALKERBOARD MEMBER
Trustee or director
2$0$0
CARLTON BROWNBOARD MEMBER
Trustee or director
2$0$0
JONATHAN ARNOLDBOARD MEMBER
Trustee or director
2$0$0
JULIA GISEWITEBOARD MEMBER
Trustee or director
2$0$0
TAMARA JONESBOARD MEMBER
Trustee or director
2$0$0
MAUREEN WATERSBOARD MEMBER
Trustee or director
2$0$0
DAVID GOLDSTEINBOARD MEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
1828 L ST NW STE 280, WASHINGTON, DC 20036-5137
Principal officer (990 for 2024)
ALEX DEWS, PO BOX 66526, WASHINGTON, DC 20035
Signed the 990
ALEX DEWS, CHIEF EXECUTIVE OFFICER
Phone
(202) 525-2883
Return prepared by
COUNCILOR BUCHANAN & MITCHELL PC

Mission

IMT BELIEVES BETTER BUILDINGS IMPROVE LIVES. IMT'S MISSION IS TO CATALYZE DEMAND FOR HIGH-PERFORMING BUILDINGS.

990 for the year ended December 31, 2024

Program accomplishments

  • POLICY: IMT WORKS TO ACTIVATE GOVERNMENT AT THE FEDERAL, STATE, AND LOCAL LEVELS TO USE THE REGULATORY LEVERS AVAILABLE TO ADDRESS BUILDING PERFORMANCE. FOR MORE THAN 25 YEARS, IMT HAS WORKED WITH POLICYMAKERS AND STAKEHOLDERS TO CO-DESIGN AND IMPLEMENT BUILDING CODES AND POLICIES AT EVERY LEVEL TO DRIVE DEMAND FOR HEALTHY, RESILIENT, LOW-POLLUTION BUILDINGS. IMT CURRENTLY LEADS THE NATIONAL BPS COALITION, WHICH AIMS TO CATALYZE $132 BILLION IN INVESTMENT IN HIGH PERFORMANCE BUILDINGS THAT LOWER ENERGY COSTS FOR RESIDENTS AND BUSINESSES.
    Expenses $2,911,295 · revenue $162,953
  • COMMUNITY ENGAGEMENT: IMT BELIEVES COMMUNITIES WHICH EXPERIENCE THE GREATEST CHALLENGES SHOULD DRIVE THEIR OWN SOLUTIONS. IMT FACILIITATES CONVERSATION, PROVIDES CONNECTIONS, AND OFFERS TECHNICAL EXPERTISE TO SUPPORT COMMUNITY-DRIVEN POLICY RESPONSES THAT BENEFIT ALL RESIDENTS, AND CREATE ECONOMIC OPPORTUNITIES FOR FRONTLINE COMMUNITIES. IMT WORKS WITH MORE THAN 100 PARTNERS ACROSS ALL OF OUR PROJECTS TO ENSURE POLICIES SUPPORT AFFORDABILITY AND COMMUNITY PRIORITIES.
    Expenses $2,025,180 · grants $1,233,750 · revenue $94,034
  • BUSINESS ENGAGEMENT: IMT HELPS THE PRIVATE SECTOR MEET THEIR CURRENT AND FUTURE BUILDING ENERGY NEEDS, WHILE PUSHING THE MARKET TOWARD HIGH-PERFORMING BUILDINGS AS A NEW NORMAL. IMT PROVIDES GREEN LEASING CERTIFICATION THAT REDUCES ENERGY COSTS; AWARDEES CURRENTLY OWN OR MANAGE 8.1 BILLION SQ FT OF SPACE. IMT ALSO PROVIDES KEY POLICY DATA AND INSIGHTS THROUGH ITS CORPORATE ENGAGEMENT OPPORTUNITIES PROGRAM. ADDITIONALLY, IMT HELPS THE REAL ESTATE SECTOR MEET SHIFTING MARKET DEMANDS THROUGH ITS BUILDING PERFORMANCE PARTNERSHIP AND ITS BUILDING INNOVATION HUB IN WASHINGTON, DC.
    Expenses $1,832,771 · grants $60,000 · revenue $1,118,445
  • BUILDING CODES
    Expenses $223,427

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
94-3241464
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
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C35Z)
Assets (IRS master file)
$5,394,663
Income (IRS master file)
$6,537,555

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,537,555$8,135,948$5,394,663XML
990-TDecember 2024–––IRS
990December 2023$8,826,978$6,467,857$6,580,356XML
990-TDecember 2023–––IRS
990December 2022$4,838,446$6,285,109$4,499,701IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––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 94-3241464).

Questions about INSTITUTE FOR MARKET TRANSFORMATION INC

What is the EIN of INSTITUTE FOR MARKET TRANSFORMATION INC?
The employer identification number (EIN) of INSTITUTE FOR MARKET TRANSFORMATION INC is 94-3241464.
Is INSTITUTE FOR MARKET TRANSFORMATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to INSTITUTE FOR MARKET TRANSFORMATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTE FOR MARKET TRANSFORMATION 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 INSTITUTE FOR MARKET TRANSFORMATION 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 INSTITUTE FOR MARKET TRANSFORMATION 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 INSTITUTE FOR MARKET TRANSFORMATION INC?
The 990 for the year ended December 31, 2024 names ALEX DEWS.
Who are the officers and directors of INSTITUTE FOR MARKET TRANSFORMATION INC?
The 990 for the year ended December 31, 2024 lists 16 people; 7 received compensation from the organization, the highest $211,550 (ALEX DEWS, CEO).
How much revenue does INSTITUTE FOR MARKET TRANSFORMATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,537,555, expenses of $8,135,948 and total assets of $5,394,663 at year end.

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