Institute for Market Transformation Inc
The Institute for Market Transformation (IMT) is a Washington, DC-based Form 990 public charity that works to catalyze demand for high-performing buildings. It describes itself as a national, nonpartisan organization bridging the needs of business, government, and communities to advance building policies and practices.
Key facts about Institute for Market Transformation Inc
In short: Institute for Market Transformation Inc gave $1.3M across 14 grants in 2024 (avg $92K), top state Washington. Source: 2024 IRS Form 990.
- EIN
- 94-3241464
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $1,293,750
- Grants made (2024)
- 14
- Average grant
- $92,411
- Median grant
- $100,000
- Total assets
- $5,394,663
- Primary geography
- Washington (23% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$5.4M
-18.0% YoY
Annual Giving
$1.3M
+94.9% YoY
Grant Count
14
+133.3% YoY
Avg Grant Size
$92K
-16.5% YoY
How Institute for Market Transformation Inc gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
IMT’s stated mission is to catalyze demand for high-performing buildings. Its 2024 filing describes work across policy, community engagement, and business engagement: supporting building performance policy at federal, state, and local levels; providing technical expertise for community-driven policy responses; and helping private-sector organizations advance high-performing buildings.
The 2024 grants included subgrants for Community Climate Shift and the CAB cohort, as well as Invest in Future subgrants. Some grantees describe missions in environmental justice, energy policy, housing, and regional sustainability. For example, People for Community Recovery says its mission is to provide environmental justice and education to the general public; Front and Centered describes itself as a community-driven coalition pursuing environmental justice through equity-centered policy solutions; and Africatown Community Land Trust says it works to preserve and support Seattle’s Black/African diaspora community, including through affordable housing.
Grantmaking
In 2024, IMT reported 14 grants totaling $1,293,750. Grant amounts ranged from $20,000 to $300,000, with a median of $100,000. The largest grants included $300,000 to Tides Center-BEEP for a Community Climate Shift subgrant and $113,750 to People for Community Recovery for a CAB cohort subgrant and Community Climate Shift subgrant. Other $100,000 Community Climate Shift subgrants went to Africatown Community Land Trust, Alliance for Affordable Energy, Bridging the Gap, Community Builder’s Network of St. Louis, Front and Centered, ISAIAH, Rural People’s Voice, and Washington Interfaith Network. Action-Housing received $20,000 for an Invest in Future subgrant.
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Geographic Focus
Where this funder awards grants
IMT’s 2024 grant dollars went to recipients in multiple states. The largest reported shares were Washington and California, at 23% each, followed by Missouri (15%), Illinois (9%), and Louisiana (8%). The listed 2024 grants also included recipients in Minnesota, the District of Columbia, Pennsylvania, and Texas.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $106K (2020) to $1.3M (2024). In 2024 it made 14 grants totaling $1.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Tides Ctr-Beep ($300K). Together the top 10 received $1.2M.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 14 grants of 31 (45%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tides Ctr-Beep Los Angeles, CA | Community Climate Shift Subgrant | $300,000 |
| People for Community Recovery Chicago, IL | Cab Cohort Subgrant and Community Climate Shift Subgrant | $113,750 |
| Africatown Community Land Trust Seattle, WA | Community Climate Shift Subgrant | $100,000 |
| Alliance for Affordable Energy New Orleans, LA | Community Climate Shift Subgrant | $100,000 |
| Bridging the Gap Inc Kansas City, MO | Community Climate Shift Subgrant | $100,000 |
| Community Builder's Network of St Louis St. Louis, MO | Community Climate Shift Subgrant | $100,000 |
| Front and Centered Seattle, WA | Community Climate Shift Subgrant | $100,000 |
| Isaiah Saint Paul, MN | Community Climate Shift Subgrant | $100,000 |
| Rural People's Voice Winthrop, WA | Community Climate Shift Subgrant | $100,000 |
| Washington Interfaith Network Washington, DC | Community Climate Shift Subgrant | $100,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants given |
|---|---|---|---|---|
| 2024 | $5,394,663 | $6,537,555 | $8,135,948 | $1,293,750 (14 grants) |
| 2023 | $6,580,356 | $8,826,978 | $6,467,857 | $663,950 (6 grants) |
| 2022 | $4,499,701 | $4,838,446 | $6,285,109 | $407,500 (4 grants) |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,394,663 | $6,580,356 | $4,499,701 |
| Revenue | $6,537,555 | $8,826,978 | $4,838,446 |
| Expenses | $8,135,948 | $6,467,857 | $6,285,109 |
| Net Investment Income | $132,861 | $138,854 | $29,100 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 26, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 2, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 9, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2024 filing include Sandra Henry, board chair; Akshai Rao, board secretary; Bomee Jung, board treasurer; and Eric Walker, board vice chair. Other listed board members are Carlton Brown, Julia Gisiwite (audit chair), Tamara Jones, Maureen Waters, and David Goldstein (listed as serving until October 20, 2025). Alex Dews is listed as CEO.
Institute for Market Transformation Inc is led by Alex Dews, CEO since 2024 (on filings since 2022); 7 of 16 officers listed in 2024 are compensated.
Officers on the 2024 filing
Alex Dews
CEO
Managing Director & Programs → Managing Director, 2023
Managing Director → CEO, 2024
On filings since 2022
35 hrs/week
$154K (2022) → $212K (2024)
Sandra Henry
Board Chair
Board Treasurer → Board Chair-Elect, 2023
Board Chair-Elect → Board Chair, 2024
On filings since 2020
2 hrs/week
No compensation reported
Julia Gisewite
Board Member & Audit Chair
Director → Board Member, 2022
Board Member → Board Member & Audit Chair, 2024
On filings since 2021
2 hrs/week
No compensation reported
Betsy Law
Managing Director
Managing Director - Ops → Managing Director & Operations, 2022
Managing Director & Operations → Managing Director, 2023
On filings since 2021
35 hrs/week
$134K (2021) → $193K (2024)
Lindsey D. Falasca
Director
Director & Net Zero Fed Buildings → Director, 2024
On filings since 2022
35 hrs/week
$129K (2022) → $140K (2024)
Lauren J. Miller
Senior Director
On filings since 2023
35 hrs/week
$143K (2023) → $155K (2024)
Marla Thalheimer
Senior Director
On filings since 2023
35 hrs/week
$144K (2023) → $151K (2024)
Theresa M. Backhus
Director
New on the 2024 filing
35 hrs/week
$132K (2024)
Clifford B. Majersik
Senior Advisor
Senior Advisor → Senior Advisor, Policy & Programs, 2022
Senior Advisor, Policy & Programs → Senior Advisor, 2023
On filings since 2020
35 hrs/week
$149K (2020) → $144K (2024)
Bomee Jung
Board Treasurer
Secretary → Board Secretary, 2022
Board Secretary → Board Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
Carlton Brown
Board Member
Director → Board Member, 2022
On filings since 2020
2 hrs/week
No compensation reported
David Goldstein
Board Member
Founding Chair → Board Member, 2022
On filings since 2020
2 hrs/week
No compensation reported
Eric Walker
Board Vice Chair
Director → Board Member, 2022
Board Member → Board Vice Chair, 2024
On filings since 2020
2 hrs/week
No compensation reported
Akshai Rao
Board Secretary
Director → Board Member, 2022
Board Member → Board Secretary, 2023
On filings since 2021
2 hrs/week
No compensation reported
Maureen Waters
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Tamara Jones
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Former officers (19)
- Former: Adam Hinge (2020–2023) — Board Chair
- Former: Jonathan Arnold (2020–2023) — Board Member
- Former: Lotte Schlegel (2020–2023) — Executive Director
- Former: Amy Boyce (2023) — Senior Director
- Former: Ashawnda Fleming (2023) — Managing Director
- Former: Michael Towler (2023) — Director
- Former: Kathryn F. Weeks (2020–2022) — Managing Director, Committee & Development
- Former: Ryan Freed (2020–2022) — Senior Director, Policy Strategy & Engagement
- Former: Margaret Lo (2022) — Director & Business Engagement
- Former: Alan S. Miller (2020–2021) — Director
- Former: Charlotte Mathews (2020–2021) — Director
- Former: David Cohan (2020–2021) — Director of Tech & Policy Analysis
- Former: David Goldstiend (2021) — Director
- Former: Andrew Burr (2020) — Director of Development
- Former: Henrietta Davis (2020) — Director
- Former: Joyce Mihalik (2020) — Director
- Former: Julia H. Hughes (2020) — Managing Director & Programs
- Former: Matt Eggers (2020) — Director
- Former: Paul Wade (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $212K, to Alex Dews (CEO). 7 officers or directors reported compensation on that filing.
Contact
Mailing address: PO Box 66526, Washington, DC 20035
Phone: (202) 525-2883
Website: https://imt.org
Frequently asked questions about Institute for Market Transformation Inc
How much does Institute for Market Transformation Inc give each year?
Institute for Market Transformation Inc gave $1.3M across 14 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $664K across 6 grants.
What is Institute for Market Transformation Inc's typical grant size?
Institute for Market Transformation Inc's median grant in 2024 was $100,000, and its average grant was $92,411, across 14 grants on its 2024 IRS Form 990.
Where does Institute for Market Transformation Inc give grants?
Institute for Market Transformation Inc's top state is Washington, with 23% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were California (23%) and Missouri (15%). The most frequent recipient cities were Seattle, WA (2 grants).
Does Institute for Market Transformation Inc give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on Institute for Market Transformation Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Community Climate Shift Subgrant" (9 grants) and "Invest in Future Subgrant" (3 grants).
Who are Institute for Market Transformation Inc's largest grantees?
Institute for Market Transformation Inc's largest 2024 grantees include Tides Ctr-Beep ($300,000), People for Community Recovery ($113,750) and Africatown Community Land Trust ($100,000), according to its 2024 IRS Form 990. Together they received 40% of its itemized 2024 grant dollars.
How large is Institute for Market Transformation Inc?
Institute for Market Transformation Inc reported $5.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $6.5M.
What does Institute for Market Transformation Inc fund?
IMT’s stated mission is to catalyze demand for high-performing buildings. See mission & focus areas ↑
How do I apply for a grant from Institute for Market Transformation Inc?
Institute for Market Transformation Inc has no public application process in the sources Grantable reviewed. Check imt.org for current guidelines, or contact the foundation directly before submitting a request.
What is Institute for Market Transformation Inc's EIN?
Institute for Market Transformation Inc's EIN (Employer Identification Number) is 94-3241464. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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