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Nonprofiteer
← CARBON FUND

Form 990 for tax year 2022

Filed by CARBON FUND.

Totals

Total revenue
-$1,478
Total expenses
$7,089
Contributions and grants received
$39,195
Grants paid
$0
Program service revenue
$3,575
Investment income
$0
Other revenue
-$44,248
Total assets, end of year
$863,416
Total liabilities, end of year
$325,000
Net assets or fund balances, end of year
$538,416
Program services expenses (Part IX)
$3,470
Management and general expenses
$3,466
Fundraising expenses
$153
Program service expenses (Part III)
$3,470

Program services were 48.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $39,195

  • 2a · Program service revenue: LEASE INCOME

    total $3,575 · related or exempt $3,575

  • 11a · Other revenue: UNREALIZED LOSS ON INVESTMENT

    total -$44,248 · related or exempt -$44,248

  • 11e · Other revenue, total

    -$44,248

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,625 · program services $3,312 · management and general $3,313

  • 13 · Office expenses

    total $464 · program services $158 · management and general $153 · fundraising $153

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $143,413 · end of year $153,296

  • 10a · Land, buildings and equipment: cost or other basis

    $157,980

  • 10c · Land, buildings and equipment, net

    beginning of year $157,980 · end of year $157,980

  • 13 · Investments: program-related

    beginning of year $474,330 · end of year $455,880

  • 15 · Other assets

    beginning of year $96,260 · end of year $96,260

  • 25 · Other liabilities

    beginning of year $325,000 · end of year $325,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $546,983 · end of year $538,416

Mission and programs · 2022

Mission

TO EDUCATE THE PUBLIC ABOUT THE EFFECTIVE AND EFFICIENT MANAGEMENT OF CARBON, A COMPONENT OF GREENHOUSE GAS THAT HAS BEEN LINKED TO GLOBAL CLIMATE CHANGE.

Activities or mission (Part I)

TO MATCH THE INTERESTS OF AGENCIES AND ORGANIZATIONS INTERESTED IN ECOSYSTEM RESTORATION WITH THOSE OF EMISSIONS-CONCIOUS DONORS INTERESTED IN CARBON SEQUESTRATION. TO EDUCATE THE PUBLIC ABOUT THE EFFECTIVE AND EFFICIENT MANAGEMENT OF CARBON, A COMPONENT OF GREENHOUSE GAS THAT HAS BEEN LINKED TO GLOBAL CLIMATE CHANGE. TO ESTABLISH PARTNERSHIPS WITH CONSERVATION GROUPS AND ORGANIZATIONS, LANDOWNERS AND AGENCIES THAT HOLD TITLE TO LAND TO WORK TOGETHER TO RESTORE NATIVE FISH, WILDLIFE AND PLANT HABITAT.

  • PROGRAM OPERATING EXPENSES - THE ORGANIZATION CONTINUES WORKING TO PROMOTE THE PROTECTION, RESTORATION AND ENHANCEMENT OF FORESTS THROUGH CARBON SEQUESTRATION.

    Expenses $3,470

As filed on the 2022 return.

Listed in Part VII

  • James L Cummins

    EXEC. DIRECT

    Total calculated
    $162,500
    From this org
    $0
    From related orgs
    $162,500
    Other
    $0

    Schedule J breakdown matched by us

    Base
    not reported + $162,500 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $162,500 related

  • Marsha Barbour

    TRUSTEE

    Total calculated
    $0

  • David Bramlette

    TRUSTEE

    Total calculated
    $0

  • Howard Brent

    TRUSTEE

    Total calculated
    $0

  • Jimmy Bryan

    TRUSTEE

    Total calculated
    $0

  • Rick Calhoon

    TRUSTEE

    Total calculated
    $0

  • Dr Jeff Clark

    TRUSTEE

    Total calculated
    $0

  • Jim Currie

    TRUSTEE

    Total calculated
    $0

  • Martha Dalrymple

    TRUSTEE

    Total calculated
    $0

  • Billy Van Devener

    TRUSTEE

    Total calculated
    $0

  • George Rea Walker III

    TRUSTEE

    Total calculated
    $0

  • Richard McRae

    TRUSTEE

    Total calculated
    $0

  • John Palmer

    TRUSTEE

    Total calculated
    $0

  • Charles Pickering

    TRUSTEE

    Total calculated
    $0

  • Clarke Reed

    CHAIRMAN

    Total calculated
    $0

  • Bill Hough Sr

    TRUSTEE

    Total calculated
    $0

  • Sandy Williams

    PRESIDENT

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349313039

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