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Nonprofiteer
← ENVIRONMENT NEXT INC

Form 990 for tax year 2023

Filed by ENVIRONMENT NEXT INC.

Totals

Total revenue
$5,482,060
Total expenses
$2,288,844
Contributions and grants received
$277,528
Grants paid
$700,000
Program service revenue
$0
Investment income
$4,471,182
Other revenue
$733,350
Total assets, end of year
$32,629,202
Total liabilities, end of year
$218,781
Net assets or fund balances, end of year
$32,410,421
Program services expenses (Part IX)
$1,908,993
Management and general expenses
$362,883
Fundraising expenses
$16,968
Program service expenses (Part III)
$1,908,993

Program services were 83.4% 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

    $277,528

  • 3 · Investment income

    total $798,699 · excluded $798,699

  • 7a · Gross sales of assets other than inventory

    securities $15,426,658

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

    securities $11,754,175

  • 7c · Gain or loss

    securities $3,672,483

  • 7d · Net gain or loss

    total $3,672,483 · excluded $3,672,483

  • 10a · Gross sales of inventory

    $985,049

  • 10b · Cost of goods sold

    $253,584

  • 10c · Net income from sales of inventory

    total $731,465 · related or exempt $731,465

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,885 · related or exempt $1,885

  • 11e · Other revenue, total

    $1,885

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 3 · Grants to foreign organizations and individuals

    total $200,000 · program services $200,000

  • 5 · Compensation of officers, directors and key employees

    total $616,711 · program services $520,623 · management and general $85,970 · fundraising $10,118

  • 7 · Other salaries and wages

    total $229,818 · program services $229,818

  • 8 · Pension plan contributions

    total $8,572 · program services $8,572

  • 9 · Other employee benefits

    total $7,891 · program services $7,891

  • 10 · Payroll taxes

    total $31,133 · program services $28,654 · management and general $1,983 · fundraising $496

  • 11b · Fees: legal

    total $92,206 · management and general $92,206

  • 11c · Fees: accounting

    total $36,986 · management and general $36,986

  • 11g · Fees: other

    total $129,684 · program services $2,921 · management and general $126,763

  • 12 · Advertising and promotion

    total $51,495 · program services $51,495

  • 13 · Office expenses

    total $4,021 · management and general $4,021

  • 14 · Information technology

    total $1,682 · program services $840 · management and general $421 · fundraising $421

  • 17 · Travel

    total $1,664 · program services $1,664

  • 23 · Insurance

    total $13,411 · management and general $13,411

  • 24a · Other expenses: SUPPORT OF CARBON OFFSET

    total $356,515 · program services $356,515

  • 24b · Other expenses: LICENSES AND PERMITS

    total $6,761 · management and general $828 · fundraising $5,933

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $294 · management and general $294

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,562

  • 2 · Savings and temporary cash investments

    beginning of year $11,695,802 · end of year $2,617,592

  • 3 · Pledges and grants receivable

    beginning of year $481,765

  • 4 · Accounts receivable

    beginning of year $1,411,835 · end of year $303,076

  • 8 · Inventories for sale or use

    beginning of year $1,062,820 · end of year $1,238,822

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

    $1,901

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

    $1,901

  • 11 · Investments: publicly traded securities

    beginning of year $16,237,101 · end of year $28,219,712

  • 15 · Other assets

    beginning of year $250,000 · end of year $250,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $335,943 · end of year $218,781

  • 25 · Other liabilities

    beginning of year $1,451,053

  • 27 · Net assets without donor restrictions

    beginning of year $28,950,304 · end of year $32,410,421

  • 28 · Net assets with donor restrictions

    beginning of year $490,585

Mission and programs · 2023

Mission

ENVIRONMENT NEXT SUPPORTS INDIVIDUALS, NONPROFITS AND BUSINESSES AROUND THE WORLD ON SOLUTIONS TO COMPLEX CLIMATE ISSUES. WE PROVIDE LEADERSHIP, OUTREACH AND COMMUNICATION SUPPORT, GRANTS, AND INVESTMENTS TO EMPOWER LEADERS AND THEIR IDEAS TO SOLVE OUR CLIMATE CRISIS.

Activities or mission (Part I)

ENVIRONMENT NEXT SUPPORTS INDIVIDUALS, NONPROFITS AND BUSINESSES AROUND THE WORLD ON SOLUTIONS TO COMPLEX CLIMATE ISSUES.

  • THE ORGANIZATION PROMISED GRANTS OF 700,000 AND WRAPPED UP THE ACTIVITIES OF CARBONFUND.ORG FOUNDATION, INC. BY PAYING OVER 350,000 TO SUPPORT THE REDUCTION OF CARBON OFFSETS AND THE PLANTING OF TREES.

    Expenses $1,908,993 · Grants $700,000

  • CARBONCO, A WHOLLY-OWNED SUBSIDIARY OF THE FOUNDATION, CONTINUED TO ADVISE AND ASSIST WITH THE IMPLEMENTATION OF FOUR REDD+ CARBON REDUCTION PROJECTS IN THE ACRE, BRAZIL, HELPING TO PRESERVE 750,000 ACRES, VERIFYING THE CARBON REDUCTIONS, ALONG WITH THE COMMUNITY AND BIODIVERSITY BENEFITS TO THE HIGHEST INTERNATIONAL STANDARDS, INCLUDING VCS AND CCBS WITH GOLD LEVEL DISTINCTION.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Carlson

    PRESIDENT

    Total calculated
    $489,349
    From this org
    $460,174
    From related orgs
    $0
    Other
    $29,175
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $438,019
    Bonus
    $22,155
    Other
    not reported
    Deferred
    $13,200
    Nontaxable benefits
    $15,975
    Filer's total
    $489,349

  • Jarett Emert

    VP OF PARTNE

    Total calculated
    $245,841
    From this org
    $229,378
    From related orgs
    $0
    Other
    $16,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,300
    Bonus
    $11,078
    Other
    not reported
    Deferred
    $8,572
    Nontaxable benefits
    $7,891
    Filer's total
    $245,841

  • W Paul Rowland

    DIRECTOR

    Total calculated
    $227,500
    From this org
    $227,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,500
    Bonus
    $15,000
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $227,500

  • Reed Spellman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mike Staresinic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Winski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7
ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE BONUSES ANNUALLY. THESE BONUSES ARE DETERMINED BY THE PRESIDENT, WHILE THE PRESIDENT'S BONUS IS DETERMINED BY THE BOARD.
SCHEDULE J, PART III
THE FOLLOWING FIGURES REPRESENT AMOUNTS REPORTED ON SCHEDULE J WHICH WERE REIMBURSED BY CARBONCO, LLC, A DISREGARDED ENTITY OF ENVIRONMENT NEXT, INC., FOR RELATED WORK PERFORMED: ERIC CARLSON: 116,094 JARETT EMERT: 58,650

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • CARBONCO LLC

    CONSULTING · DE · income $1,385,751 · assets $7,115,451

    Directly controlled by ENVIR NEXT ENVIRONMENT NEXT INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202431369349302788

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