Non-profit

Sustainable Markets Foundation

Location:

NEW YORK, NY

Tax ID:

13-4188834

Tax-Exempt Status:

501(c)(3)

Budget (2015):

Revenue: $9,892,738
Expenses: $8,846,279
Assets: $4,257,554

Formation:

2002

Director:

Jay Halfon

The Sustainable Markets Foundation is an environmentalist organization pushing for stricter environmental laws and bans on natural gas production.[1] The organization serves as a fiscal sponsor, providing grants as well as administrative support to other nonprofits like 350.org or Frack Action.[2]

In the foundation’s 2015 tax returns, revenue totaled over $9.8 million and expenses were $8.8 million.[3]

Overview

The Sustainable Markets Foundation pushes an aggressive environmentalist agenda.[4] The organization describes developing educational reports and materials that will raise public awareness about the effects of global warming and climate change and ways to combat these causes, promoting draconian energy regulations as the solution.[5]

To promote “Environmental Health, Protection, and Preservation,” the organization supports organizations like the radical Food and Water Watch that seek to expand government funded programs and regulations and ban exploration for natural resources.[6]

Sustainable Markets Foundation is a leading funder of the movement to restrict exploration for natural resources.[7] This has included supporting the mass media and campaign efforts of organizations like Frack Action and Artists Against Fracking, the latter coming under fire for engaging in lobbying activities without properly registering.[8]

Finances and Grants

In 2015, the foundation awarded a total of $3.2 million to other nonprofits.[9] Example grantees that year included:[10]

Board and Key Staff

Elizabeth Hitchcock serves as President of the Sustainable Markets Foundation board.[11] Hitchcock also serves as a Public Health Advocate for U.S. Public Interest Research Group and the U.S. PIRG Education Fund.[12]

Jay Halfon is the Director and General Counsel for the organization.[13] Prior to his appointment, Halfron was the executive director of the New York Public Interest Research Group.[14] In addition to his role with the Sustainable Markets Foundation, Halfron serves on the board of 350.org, Earthworks, and the Park Foundation.[15][16]

Other board members include John Richard as Vice President and Steve Kleinberg as Secretary and Treasurer.[17]

Affiliations

In a 2014 report by the Republican staff of the U.S. Senate Committee on Environment and Public Works, Sustainable Markets Foundation was connected with the “Billionaires Club” – an elite group of donors, foundations, and organizations that control the center-left environmental movement and have influenced policies of the EPA under President Obama.[18]

Particularly scrutinized in the report was the Sustainable Markets Foundation’s sponsorship of the organization 350.org. The report states that between 2011 and 2014, 350.org received funding from the Park Foundation, Rockefeller Brothers Fund, Tides Foundation, Marisla Foundation, ClimateWorks Foundation, and Rockefeller Family Fund routed through Sustainable Markets Foundation.[19]

In 2013, Sustainable Markets Foundation received over $600,000 in grants from the Park Foundation to support anti-fracking organizations like Frack Action during Exxon Mobil’s $2 million public relations campaign to support shale-gas drilling in New York.[20]

References

  1. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  2. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  3. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  4. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  5. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  6. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  7. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  8. “Sustainable Markets Foundation Money Processing Being Noticed.” Energy In Depth. Accessed May 28, 2017. https://energyindepth.org/marcellus/sustainable-markets-foundation-money-laundering-being-noticed/.
  9. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  10. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  11. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  12. The Huffington Post. Accessed April 20, 2017. http://www.huffingtonpost.com/author/elizabeth-hitchcock.
  13. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  14. “EARTHWORKS.” Earthworks. Accessed April 21, 2017. https://www.earthworksaction.org/about/board_of_directors.
  15. “About Park Foundation founder Roy H. Park.” Park Foundation. Accessed April 21, 2017. http://parkfoundation.org/about-us/.
  16. “Board of Directors.” 350.org. Accessed April 21, 2017. https://350.org/about/board/.
  17. “990 Form – 2015.” Guidestar. Accessed April 20, 2017. http://www.guidestar.org/FinDocuments/2015/134/188/2015-134188834-0d109496-9.pdf.
  18. “How a Club of Billionaires and Their Foundations Control the Environmental Movement and Obama’s EPA.” 2014. Accessed April 21, 2017. https://www.heartland.org/_template-assets/documents/publications/billionaires_club_controls_epa.pdf.
  19. “How a Club of Billionaires and Their Foundations Control the Environmental Movement and Obama’s EPA.” 2014. Accessed April 21, 2017. https://www.heartland.org/_template-assets/documents/publications/billionaires_club_controls_epa.pdf.
  20. Campbell, Jon. “Foundation’s funds continue flow to fracking critics.” Rochester Democrat and Chronicle. July 21, 2013. Accessed May 28, 2017. http://www.democratandchronicle.com/story/news/local/2013/07/21/foundations-funds-continue-flow-to-fracking-critics/2573681/.
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Nonprofit Information

  • Accounting Period: August - July
  • Tax Exemption Received: January 1, 2002

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2015 Aug Form 990 $9,892,738 $8,846,279 $4,257,554 $171,460 N $9,886,473 $0 $6,265 $0 PDF
    2014 Aug Form 990 $7,133,969 $7,347,310 $3,318,471 $278,836 N $7,129,293 $0 $4,676 $0 PDF
    2013 Aug Form 990 $6,451,018 $5,370,608 $3,242,999 $167,436 N $6,440,545 $0 $4,672 $0 PDF
    2012 Aug Form 990 $4,138,443 $3,804,458 $2,056,007 $61,082 N $4,128,051 $6,900 $4,786 $0 PDF
    2011 Aug Form 990 $4,347,579 $3,959,539 $1,750,919 $89,979 N $4,343,644 $0 $4,064 $0 PDF

    Additional Filings (PDFs)

    Sustainable Markets Foundation

    45 WEST 36TH STREET
    NEW YORK, NY 10018-7904