Prime Coalition Inc.
Prime Coalition Inc.
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About this organization
Mission
Prime Coalition is a nonprofit organization that works with philanthropists and other mission-driven organizations and individuals to support sustainable, effective, and scalable solutions to climate change. Every Prime program is designed to catalyze, deepen, or accelerate solutions that we believe will massively reduce greenhouse gas emissions.
About
Prime centers on collective, long-term thinking in this global movement by supporting people, programs, and innovations that can help spark, deepen, or accelerate emerging climate solutions that have strong potential to transform our world in the decades ahead. In the spirit of additionality, we seek to fill gaps or enable outcomes that are unlikely without our catalytic support. The Prime family, which includes Prime Coalition and its affiliated organizations, aggregates and channels catalytic capital toward deeply impactful climate ventures and projects that we believe have the power to create significant, long-lasting change and that might struggle to raise sufficient support without us — such as when the time horizon to retire technology risk is too long for traditional investors. Catalytic capital enables deep impact that wouldn’t otherwise be possible without it, by absorbing risks that finance-first investors can’t — or won’t — take on. Since 2014, Prime has facilitated investments with over 200 philanthropic entities and mobilized over $200MM for climate innovation.
Interesting data from their 2020 990 filing
The filing sets forth the mission of the non-profit as “To empower foundations and families with the critical tools they need to make direct, for-profit investments that address climate change.”.
When detailing its responsibilities, they were listed as: “To empower foundations and families with the critical tools they need to make direct, for-profit investments that address climate change.”.
- The state in which the non-profit is legally permitted to operate is MA.
- The address of the non-profit for 2020 according to the filing is 625 MASSACHUSETTS AVENUE 2ND FLOOR, CAMBRIDGE, MA, 02139.
- The number of employees reported by the non-profit on their form as of 2020 is 3.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $3,789,077.
- The organization has 6 independent voting members.
- The organization was formed in 2014.
- The organization pays $335,410 in salary, compensation, and benefits to its employees.
- The organization pays $1,971 in fundraising expenses.