Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $35,060,846

• 1g · Noncash contributions included above

  $1,903,498

• 2a · Program service revenue: TREE PLANTING SERVICES

  total $18,255,553 · related or exempt $18,255,553

• 3 · Investment income

  total $1,440,754 · excluded $1,440,754

• 7a · Gross sales of assets other than inventory

  other assets $477,736

• 7b · Less cost or other basis and sales expenses

  other assets $393,546

• 7c · Gain or loss

  other assets $84,190

• 7d · Net gain or loss

  total $84,190 · excluded $84,190

• 10a · Gross sales of inventory

  $12,633

• 10b · Cost of goods sold

  $27,989

• 10c · Net income from sales of inventory

  total -$15,356 · excluded -$15,356

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $926,385 · program services $231,961 · management and general $518,938 · fundraising $175,486

• 7 · Other salaries and wages

  total $4,741,425 · program services $2,381,662 · management and general $1,243,008 · fundraising $1,116,755

• 9 · Other employee benefits

  total $917,911 · program services $350,778 · management and general $324,486 · fundraising $242,647

• 10 · Payroll taxes

  total $246,658 · program services $54,700 · management and general $117,224 · fundraising $74,734

• 11b · Fees: legal

  total $617,821 · management and general $617,821

• 11c · Fees: accounting

  total $161,028 · management and general $161,028

• 11e · Fees: professional fundraising services

  total $202,068 · fundraising $202,068

• 11g · Fees: other

  total $5,917 · management and general $5,917

• 12 · Advertising and promotion

  total $263,426 · program services $121,524 · management and general $81,928 · fundraising $59,974

• 13 · Office expenses

  total $802,988 · program services $134,325 · management and general $636,011 · fundraising $32,652

• 14 · Information technology

  total $706,054 · program services $325,586 · management and general $219,491 · fundraising $160,977

• 16 · Occupancy

  total $60,591 · management and general $60,591

• 17 · Travel

  total $119,465 · program services $89,597 · management and general $17,921 · fundraising $11,947

• 22 · Depreciation, depletion and amortization

  total $241,616 · management and general $241,616

• 23 · Insurance

  total $122,491 · program services $56,484 · management and general $38,079 · fundraising $27,928

• 24a · Other expenses: PAYMENTS FOR TREES

  total $34,888,687 · program services $34,888,687

• 24b · Other expenses: LEGAL SETTLEMENT

  total $500,000 · management and general $500,000

• 24c · Other expenses: CURRENCY GAIN

  total $342,988 · program services $318,567 · management and general $24,421

• 24d · Other expenses: BANK CHARGES

  total $326,693 · management and general $66,107 · fundraising $260,586

• 24e · All other expenses

  total $75,390 · program services $50,390 · management and general $25,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $60,354,152 · end of year $29,005,048

• 4 · Accounts receivable

  beginning of year $3,310,431 · end of year $3,462,479

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

  $801,280

• 10b · Land, buildings and equipment: accumulated depreciation

  $599,294

• 10c · Land, buildings and equipment, net

  beginning of year $817,930 · end of year $201,986

• 12 · Investments: other securities

  end of year $2,153,075

• 15 · Other assets

  beginning of year $4,446,958 · end of year $5,621,446

• 17 · Accounts payable and accrued expenses

  beginning of year $7,892,476 · end of year $1,898,750

• 19 · Deferred revenue

  beginning of year $46,459,905 · end of year $15,411,809

• 27 · Net assets without donor restrictions

  beginning of year -$10,400,160 · end of year $1,077,949

• 28 · Net assets with donor restrictions

  beginning of year $24,977,250 · end of year $22,055,526

The filer's explanations (Part III)

PART I, LINE 1A

ALL ONE TREE PLANTED STAFF, INCLUDING OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED EMPLOYEES (OF WHICH THERE ARE 6 DISCLOSED ON FORM 990, PART VII, SECTION A), ARE ELIGIBLE TO UTILIZE A COTTAGE OWNED BY ONE TREE PLANTED UP TO TWO TIMES PER YEAR FOR THREE DAYS EACH TIME. ONE OF THE LISTED INDIVIDUALS EITHER USED OR WAS PRESUMED TO HAVE USED THE COTTAGE, AND THE BENEFIT WAS TREATED AS COMPENSATION FROM ONE TREE PLANTED.

PART I, LINE 7

BONUSES WERE PAID IN CALENDAR 2024 TO MEMBERS OF THE EXECUTIVE TEAM AS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(II).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ONE TREE PLANTED GLOBAL LLC

  EMPLOYEE SERVICES · VT · income $0 · assets $182

  Directly controlled by ONE TREE PLANTED INC

• ONE FOREST

  NOT ACTIVE · VT · income $0 · assets $0

  Directly controlled by ONE TREE PLANTED INC

• ONE TREE ASSET MANAGEMENT

  NOT ACTIVE · VT · income $0 · assets $0

  Directly controlled by ONE TREE PLANTED INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• 7064 BOUL SAINT-LAURENT INC

  C · LANDLORD · CA · 100% owned · share of income -$3,601,509 · share of assets $2,648,496 · controlled entity

  Directly controlled by ONE TREE PLANTED INC