--- title: "350 Annual Report: Financial Year 2023" date: 2025-09-30T17:31:54Z modified: 2025-09-30T17:32:33Z permalink: "https://350.org/2023-annual-report/" type: super_pages status: publish excerpt: "" wpid: 175527270 author: davidcole --- # 2023 Annual Report People Power in **Collaboration** [Download Annual Report](https://350.org/wp-content/uploads/2024/05/Annual-Report-23_May15.pdf) #### Rashmi Mistry, Board Chair I’m delighted to introduce 350.org’s Annual Report for the Fiscal Year 2023, in this, my first year as the Chair of the organization’s Board. It’s a position that fills me with immense pride, as well as a deep sense of duty. 350.org has been on a very intentional journey towards greater inclusivity, staying focussed on the climate battle while embracing a broader set of justice principles. As the first woman of color to serve in the role of Board Chair, I am excited about contributing my experience to the evolution of the organization and in particular the pivot towards the fight for renewable energy solutions. Throughout this report, you’ll observe these core values reflected in our work, characterized by solutions-driven **collaborations** across all regions. As with previous years, 2023 has been a stark reminder of the escalating challenges we face in our battle against the climate crisis. From the warmest year on record to marine heatwaves and widespread wildfires, to devastating floods and hurricanes, once again extreme weather events have painted a clear picture of the global crisis unfolding before our eyes. 2023 may have tested our resolve, but it also underscored the critical importance of our work in paving the way for a sustainable and equitable future for all. It is gratifying, and inspiring, to look back on our impact and count some of the most significant achievements of the year. ### Strategic Achievements and Impact, Our campaigns, partnerships and support for movements around the world have led to substantial victories, including influencing financial institutions to divest from fossil fuels, stopping harmful extraction projects, and promoting equitable energy transitions. Key achievements include: - **Challenging Fossil Fuel Projects:** Mobilizing against new fossil fuel initiatives, such as the East African Crude Oil Pipeline (EACOP), Vaca Muerta gas pipeline in Argentina, and Whitehaven Coal’s fossil fuel endeavors, underscores the critical need to leave fossil fuels unexploited to prevent a climate crisis. - **Halting Fossil Fuel Finance:** Convincing major financial institutions, including the Brazilian Development Bank and National Australia Bank, among others, to divest from projects like the EACOP, Vaca Muerta gas pipeline, and Whitehaven Coal, by underlining the financial and ethical reasons for divestiture. - **Advancing Renewable Energy Solutions:** Promoting equitable and just community-based renewable energy systems, ensuring they are accessible to everyone, especially to marginalized and frontline communities globally. - **Empowering the Climate Movement:** Strengthening the global climate advocacy network, in 2023, we aided 490 network groups, mobilized 94,701 individuals, and provided training to 7,709 activists. ### Regional Highlights Our strength as a global organization builds from each region, where our teams continue to work with local, national and regional partners to campaign on some of the most high impact climate-destroying projects around the world: - **350 Africa:** Collaboratively worked on the impactful #StopEACOP campaign, achieving a withdrawal of financial support from 27 banks and 23 insurers for the East African Crude Oil Pipeline, and promoted renewable energy adoption in Benin, Ghana, Nigeria, and Togo. - **350 Asia & Türkiye:** Through collaborative advocacy initiatives influenced QNB Finansbank, the Turkish Economy Bank, and Şekerbank to commit to divesting from coal, and advanced renewable energy initiatives across Asia. - **350 Europe:** Partnered with key stakeholders to challenge major fossil fuel corporations and advocated for climate-friendly policies, including significant actions against TotalEnergies in France, and towards promoting a fossil fuel-free future in Germany. - **350 Latin America:** Collaborated with local communities and organizations in Colombia to support the introduction of a fracking ban and supported the resistance to fossil fuel expansion in the Brazilian Amazon. - **350 North America & Caribbean:** Pushed for policy changes to tax big oil in Canada, and partnered with communities to promote transitions to renewable energy in the United States. - **350 Pacific:** Was part of initiatives for a Fossil Fuel Free Pacific and supported community-led renewable energy projects across Pacific Island nations. The accomplishments we celebrate today are a direct result of the steadfast commitment from our team, volunteers, and partners, and the profound generosity of our supporters, to all of whom we extend our deepest thanks. The contributions you’ve made through supporting campaigns and donating are critical to building a truly global movement for a future that is both sustainable and just. As 2024 unfolds, and I see hope building ever more strongly, I draw strength and inspiration from the resilience and determination of this global community. I invite you to delve into the FY23 Annual Report for the full story behind our efforts, and an in-depth financial report. Together, they reveal how invaluable your ongoing support and dedication to climate action remain, particularly in this decisive decade. Thank you for all you do. In solidarity, **Rashmi Mistry** Board Chair ![signature of Rashmi Mistry](https://350.org/wp-content/uploads/2024/05/Rashmi_signature.jpeg) #### May Boeve, Executive Director “People Power in **Collaboration**: Community-led Solutions, Global Impact” Every word in the title of this annual report for our Fiscal Year 2023 is reflective of where our energies are focused, and the exciting journey we’ve undertaken, together with thousands of our allies, partners and friends. This year, we celebrate the spirit of **collaboration**, so central to our work at 350.org, as we make our way towards a future filled with hope and transformative action. When 350.org was just a seed of an idea, we recognized something crucial: Only a truly global social movement can hope to contend with an issue as big as climate change. Over the last 16 years, we have consciously built up our ability to bridge local actions with a worldwide vision, powered by optimism and a shared commitment to our planet. Our ambitions were always very big, and we have always been aware that the scale of change required goes well beyond what any one group or organization can achieve. This is why we chose, deliberately, to become a movement generous organization. One that is focused on empowering, sharing with, and growing alongside communities and organizations across the globe. This vision has been the cornerstone of our work, nurturing enduring partnerships, especially with communities on the frontlines of climate change impact and inequality. As we look back at the work we’ve done in FY23, it clarifies for me how the strategic decision to build a movement-generous organization reinforces our resilience, and boosts our successes. It’s how we face the vastness of climate change head-on, with diverse groups from every corner of the world coming together under a shared goal, amplifying our collective impact through solidarity and action. This year’s report is more than just a document; it’s a celebration of the collective victories we’ve achieved through these strategic **collaborations**. It’s a tribute to our partners, whose names are woven throughout its pages, as a symbol of our deep appreciation for their role in this journey. Together, we’re part of a movement that champions diversity, inclusivity, and a staunch commitment to human rights, all in the pursuit of climate justice. As we look ahead, 350.org’s resolve to prioritize solutions has never been stronger. We recognize communities at the forefront of the climate crisis not merely as voices in our global campaigns or recipients of aid, but as powerful leaders who hold deep insights and innovative answers, who can champion the sustainable solutions the world needs right now. The stories you’ll discover highlighted in this report, spanning from Ghana to the US, and from Indonesia to the Amazon, are beacons illuminating our journey, passionately advocating for climate solutions at a global scale. Our dream of a multi-racial, multi-lingual, multi-generational movement mirrors the global community we’re part of. By continuing to empower and include, we’re bringing knowledge, resources, and capabilities where they’re most needed, ensuring our movement reflects the diverse faces of those affected by the climate crisis. I hope this message does more than just update you on our past year. I hope it inspires you, and renews your commitment to our shared cause. The road ahead is filled with challenges, but together, we’re building a future that’s resilient, equitable, and sustainable. Your ongoing support and partnership means the world to us, and I’m deeply thankful for your belief in our collective power to make a difference. With heartfelt thanks and renewed optimism, **May Boeve** Executive Director, 350.org ![signature of May Boeve](https://350.org/wp-content/uploads/2016/06/350-ar2015-may-signature.png) ## Who we are Founded in 2008, 350.org stands as a leader in the global fight against climate change, driven by the belief in the collective power of united efforts. We actively work to cultivate a global movement dedicated to tackling climate change head-on, advocating for sustainable and equitable energy solutions, and advocating for systemic changes essential for a fair and flourishing planet. From our roots in community activism, we’ve expanded our efforts to shape global policy, push for fossil fuel divestment, and promote the switch to renewable energy. Our strategic shift towards renewable energy solutions highlights our commitment to equitable clean energy access, especially for those communities most affected by climate change. Our strategy is twofold: resisting fossil fuel projects, and advocating for a transition to renewable energy as pillars for achieving climate justice. Our work includes targeted campaigns, training activists, raising climate crisis awareness, and partnering with like-minded organizations to amplify our impact. We empower communities towards ending fossil fuel dependence, and accelerate the shift to renewable energy. With a network of regional offices, our efforts are designed to engage a broad audience, from grassroots activists to policymakers, united in the pursuit of environmental justice and sustainability. Our approach is marked by a focus on community-centered solutions and adaptability in the face of the climate crisis. #### Our Board, FY23 - Rashmi Mistry, Board Chair - China Brotsky, Treasurer - Daniela Costa, Secretary - Chibeze Ezekiel - KC Golden - Terry Odendahl - Yeb Saño - Ellen Sprenger - Jessy Tolkan - Pooven Moodley #### Emeritus: Bill McKibben [More information about our board](https://350.org/team#board) ## What is 350? **What’s in a name?** Ours, 350, is a number. And a very important one. [It is a reference to 350 parts per million (ppm)](https://350.org/what-does-our-name-350-mean/) – the concentration of carbon dioxide (CO2) in the atmosphere considered the safe limit to avoid the worst impacts of climate change. We are currently at 421 ppm. Our name, 350.org, is a reminder that our fight to stop this number increasing further is more important than ever. With this report, 350.org welcomes you to learn about our work during our Fiscal Year 2023 (FY23). We present some highlights of our impact organized by regions of the world where we are present. ![Pictograph of 'plus' symbol, people with signs, and the sun](https://350.org/wp-content/uploads/2024/05/build-icon1.png) ##### Building the movement of the future ![Pictograph of 'X' symbol, currency symbols, and institutional-style building icon](https://350.org/wp-content/uploads/2024/05/finance-icon.png) ##### Stopping fossil fuel finance ![Pictograph of 'do not enter' symbol, and old fossil fuel production factories](https://350.org/wp-content/uploads/2024/05/fossil-fuel-icon.png) ##### Keeping fossil fuels in the ground ![Pictograph of 'start' symbol and figure lifting solar panels and wind turbines](https://350.org/wp-content/uploads/2024/05/power-up-icon.png) ##### Powering up equitable transitions to renewable energy ### Our Global Partners We are proud to enjoy the steadfast support and collaboration of many partners in the global movement, whose significant contributions strengthen our own successes, as well as those of the movement. We’ve proudly included their names in our 2023 reflection to honor their vital role and express our appreciation. [View all of our partners](https://350.org/partners) ## Big Numbers ![](https://350.org/wp-content/uploads/2024/05/Big-Numbers-Desktop-v2.png) ![](https://350.org/wp-content/uploads/2024/05/Big-Numbers-Mobile-v2.png)## Where we work [350 Africa](< https://350.org/350-africa-2023/>) [350 Asia & Türkiye](https://350.org/350-asia-and-turkiye-2023/) [350 Europe]() [350 Latin America](https://350.org/350-latin-america-2023/) [350 North America & Caribbean](https://350.org/350-na-caribbean-2023/) [350 Pacific](https://350.org/350-pacific-2023/) ## **Honoring Your Contributions and Legacy** We are so appreciative to all of our generous supporters who donate to grow our people-powered movement. All of the incredible achievements we highlighted in this report would not have been possible without your partnership. ### A Meaningful Legacy 350.org would like to remember and celebrate the lives of those who left us a bequest in fiscal year 2023. We are extremely grateful for their generosity and commit to honoring their legacies through our work to build a just, equitable, inclusive, and sustainable future for all. #### **_View all of our FY23 legacy donors_** F.H and Jean C. Mott Louis Kampf Peter T. Hurley Harvey Eric Rich Judith A. Mabel Lawrence “Larry” Eric Rosenberg Margaret “Maggie” S. Stanley Peggy Olsen Patricia M. Virgil Richard Kaplan Roswitha “Ros” Micou Winsor Ruth Friel Doyle Shulamit Decktor Francine Webb ### Supporting Foundations Thank you also to the generous foundations and organizations which support us, including those who wish to remain anonymous. #### **View all of our FY23 supporting foundations** Ann and Gordon Getty Foundation Aaron Rashti Family Foundation Barbra Streisand Bernard F. and Alva B. Gimbel Foundation Berro Family Foundation Bloomberg Philanthropies Blum Family Foundation – Tom Haslett Boger Family Foundation Brampton Charitable Trust Bunting Family Foundation Caroline Blanton Thayer Charitable Trust Carsey Family Foundation Charles Spear Charitable Foundation Charles Stewart Mott Foundation Clara Jeffery Charitable Foundation Climate Emergency Collaboration Group Climate Ride ClimateWorks Foundation Compton Foundation Curt & Linda Rodin Family Foundation Danem Foundation David L. Klein Jr. Fund Davis/Dauray Family Fund, c/o Leonard and Sophie Davis Fund Defense Against Thought Control Foundation DJ McManus Family Foundation Domont Family Foundation Easter Family Fund EcoEd Foundation Elliott Badgley Foundation Energy Transition Fund European Climate Foundation F. T. Weyerhaeuser Family Fund Fine and Greenwald Foundation Flora Family Foundation Ford Foundation Franklin Philanthropic Foundation in memory of Philip M. Goodman Global Alliance for Green and Gender Action (GAGGA) Global Greengrants Fund Glynton Handkerchief Company LLC Gramercy Post Inc. Grantham Foundation Growald Family Fund Harney & Sons Tea Corp. Holscher Family Charitable Trust Hopper-Dean Foundation Howard and Geraldine Polinger Foundation Irene Ritter Foundation James S. McDonnell Family Foundation Juan M. Cordova Foundation Kaplen Brothers Fund Kroha Casner Family Foundation Latitude Forty Charitable Fund Lemonade Lenfestey Family Foundation Louis and Anne Abrons Foundation M&T Fantastic Family Foundation Marisla Foundation Milner Family Foundation Muller Family Foundation Mythical Entertainment Netflix Oak Foundation Olsen Family Trust Overbrook Foundation Philip W. Riskin Charitable Foundation R&S Strauss Family Foundation Red Butterfly Foundation Redekop Family Endowment Rockefeller Family Fund Schaffner Family Foundation Scherman Foundation Shumaker Family Foundation Skyline Foundation Social Justice Charitable Corporation Spotify Stichting de Hoorn The Dudley Foundation The Elmo Foundation The Endeavor Foundation The Patriot Foundation The Shifting Foundation The Sunrise Project Tilia Fund Treeline Foundation Urban Movement Innovation Fund Weissman Family Foundation WestWind Foundation William Hodgins Charitable Foundation Woka Foundation Workable Alternatives Foundation Wy’east Foundation Zoom Cares ### Finance ### 2023 Revenue 9728000,9316000,551000,232000 | 2023 | 2022 | | | | --- | --- | --- | --- | | 49% | Individual Donations | $9,728,000 | $11,082,000 | | 47% | Grants and Foundations | $9,316,000 | $8,564,000 | | 3% | Other Income | $551,000 | $1,966,000 | | 1% | In-Kind | $232,000 | | | Total | $19,827,000 | $ 21,612,000 | | ### 2023 Expenses 18330000,1965000,1550000 | 2023 | 2022 | | | | --- | --- | --- | --- | | 84% | Programs | $18,330,000 | $14,673,000 | | 9% | Management & General | $1,965,000 | $3,706,000 | | 7% | Fundraising | $1,550,000 | $820,000 | | Total | $21,845,000 | $19,199,000 | | ### Liabilities and Net Assets | 2023 | 2022 | | | --- | --- | --- | | Liabilities | $1,930,000 | $1,268,000 | | Net Assets | $13,002,000 | $15,152,000 | | Total | $14,932,000 | $16,420,000 | ### Net Asset Breakdown | 2023 | 2022 | | | --- | --- | --- | | Without Donor Restriction | $7,757,000 | $11,627,000 | | With Donor Restriction | $5,245,000 | $3,525,000 | | Net Assets | $13,002,000 | $15,152,000 | ## Thank You None of what we have achieved would be possible without the generous support of our donors worldwide. We know that the road ahead is long and will be filled with many challenges. We also know that there is no stronger force than the power of people coming together for the common good. Your donations enable us to make this possible. Thank you. [Download Annual Report](https://350.org/wp-content/uploads/2024/05/Annual-Report-23_May15.pdf) ### Financial History Under United States Federal law, 350.org must conduct an annual independent audit of our finances. - - [**FY 2024 Audited Financial Statements**](https://350.org/wp-content/uploads/2025/05/350-org-24-AFS.pdf) + [990](https://350.org/wp-content/uploads/2025/07/FY24-350-org-Form-990-Public-Disclosure-Copy.pdf) - [FY 2023 Audited Financial Statements](https://350.org/wp-content/uploads/2024/07/350-org-23-AFS.pdf) + [990](https://350.org/wp-content/uploads/2024/05/2022-350.Org-Form-990-Public-Disclosure-Copy-1.pdf) - [FY 2022 Audited Financial Statements](https://350.org/wp-content/uploads/2023/06/Final-Audit-350.org-9-30-2022-Final.pdf) + [990](https://350.org/wp-content/uploads/2023/06/2021-Exempt-Organization-Return-350.org-Public-Disclosure.pdf) - [FY 2021 Audited Financial Statements](https://350.org/wp-content/uploads/2022/08/FY21-350.Org-9-30-2021-Final-Financials.pdf) + [990](https://350.org/wp-content/uploads/2022/08/2020-Exempt-Organization-Return-350.org-Public-Disclosure-signed.pdf) - [FY 2020 Audited Financial Statements](https://350.org/wp-content/uploads/2021/06/350.Org-9-30-2020-Final.pdf) + [990](https://350.org/wp-content/uploads/2021/11/FILED-C3-2019-Exempt-Organization-Return-350.org-Public-Disclosure-Copy-1.pdf) - [FY 2019 Audited Financial Statements](https://350.org/wp-content/uploads/2021/01/350.Org-9-30-2019-Final.pdf) + [990](https://350.org/wp-content/uploads/2021/01/2018-Exempt-Organization-Return-350.org-Public-Inspection-Copy.pdf) - [FY 2018 Audited Financial Statements](https://350.org/wp-content/uploads/2019/12/FY-18-350.Org-Audit-Report-9-30-2018-Final.pdf) + [990](https://350.org/wp-content/uploads/2019/08/FY18-990-350.org-Public-Copy.pdf) - [FY 2017 Audited Financial Statements](https://350.org/wp-content/uploads/2018/03/FY17-Audited-Financial-Statements-Final.pdf) + [990](https://350.org/wp-content/uploads/2018/08/FY17-Form-990-Public-Copy.pdf) ### Past Annual Reports - - [2022](https://350.org/2022-annual-report/) - [2021](https://350.org/2021-annual-report/) - [2020](https://350.org/2020-annual-report/) - [2019](https://350.org/2019-annual-report/) - [2018](https://350.org/2018-annual-report/) - [2017](https://350.org/2017-annual-report/) - [2016](https://350.org/2016-annual-report/) - [2015](https://350.org/2015-annual-report/) - [2014](https://350.org/2014-report/) - [2013](https://350.org/2013-annual-report/)