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Nonprofiteer
← CODE REDD

Form 990 for tax year 2023

Filed by CODE REDD.

Totals

Total revenue
$641,636
Total expenses
$331,630
Contributions and grants received
$622,851
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$18,785
Total assets, end of year
$119,514
Total liabilities, end of year
$512,478
Net assets or fund balances, end of year
-$392,964
Program services expenses (Part IX)
$231,340
Management and general expenses
$96,385
Fundraising expenses
$3,905
Program service expenses (Part III)
$231,340

Program services were 69.8% 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

    $622,851

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10b · Cost of goods sold

    $405,598

  • 10c · Net income from sales of inventory

    total -$405,598 · related or exempt -$405,598

  • 11a · Other revenue: FX currency Exch gain/loss

    total -$190 · related or exempt -$190

  • 11b · Other revenue: Gain on sale of asset

    total $410,000 · related or exempt $410,000

  • 11c · Other revenue: Reimbursed Expenses Invoiced

    total $14,573 · related or exempt $14,573

  • 11e · Other revenue, total

    $424,383

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $56,000 · management and general $56,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $16,253 · management and general $16,253

  • 10 · Payroll taxes

    total $17,888 · program services $17,888

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $30,104 · program services $30,104

  • 11c · Fees: accounting

    total $8,510 · program services $3,829 · management and general $3,829 · fundraising $852

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $7,071 · program services $7,071

  • 13 · Office expenses

    total $14,583 · program services $6,562 · management and general $6,562 · fundraising $1,459

  • 14 · Information technology

    total $2,649 · program services $2,649

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $13,088 · program services $5,890 · management and general $5,890 · fundraising $1,308

  • 17 · Travel

    total $29 · program services $29

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: DONATION EXPENSE

    total $136,500 · program services $136,500

  • 24b · Other expenses: INTEREST EXPENSE

    total $14,652 · program services $7,326 · management and general $7,326

  • 24c · Other expenses: SUBCONTRACTORS

    total $12,500 · program services $12,500

  • 24d · Other expenses: FILM & VIDEO PRODUCTION

    total $1,146 · program services $860 · fundraising $286

  • 24e · All other expenses

    total $657 · program services $132 · management and general $525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,322 · end of year $115,204

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $3,660 · end of year $4,309

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1 · end of year $1

  • 17 · Accounts payable and accrued expenses

    beginning of year $267,385 · end of year $213,910

  • 25 · Other liabilities

    beginning of year $533,568 · end of year $298,568

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$702,970 · end of year -$392,964

Mission and programs · 2023

Mission

TO SUPPORT AND SCALE THE REDD+ MECHANISM TO REALIZE ITS FULL POTENTIAL TO EMPOWER PEOPLE, PRESERVE FORESTS, PROTECT WILDLIFE, AND REDUCE EMISSIONS

Activities or mission (Part I)

TO SUPPORT AND SCALE THE REDD+ MECHANISM TO REALIZE ITS FULL POTENTIAL TO EMPOWER PEOPLE, PRESERVE FORESTS, PROTECT WILDLIFE, AND REDUCE EMISSIONS.

  • BUSINESS AND PROJECT PARTNER ENGAGEMENT: We continue to engage with businesses to build support for avoided deforestation projects. The focus being on technical consultancy on independent standards and verification for avoided deforestation, as well as details of comparative benefits with other climate mitigation projects. In turn, we continued to support our project partners with information about the latest trends in business support for nature-based climate solutions. A central program of the organization is its interactive website, which was redesigned and upgraded, that resulted in better user metrics.

    Expenses $231,340

  • PUBLIC ENGAGEMENT : We continued to develop our online platform standfortrees.org, and supporting social media, to engage and empower individuals on deforestation and climate change. A central program of the organization is the interactive website, which was redesigned and upgraded, that resulted in better user metrics.

  • POLICY RESEARCH: We continued to engage with policymakers and other environmental groups, about best practices for avoided deforestation projects. These activities were limited and reduced in 2022.

As filed on the 2023 return.

Listed in Part VII

  • Mike Korchinsky

    President

    Total calculated
    $0
    Hours/week
    1
  • Michael R Radomir

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Brian McFarland

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Lisa Walker

    Trustee

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349316263

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