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Nonprofiteer
← ENVIRONMENT NEXT INC

Form 990 for tax year 2024

Filed by ENVIRONMENT NEXT INC.

Totals

Total revenue
$1,568,544
Total expenses
$3,618,062
Contributions and grants received
$126,499
Grants paid
$800,000
Program service revenue
$0
Investment income
$1,046,138
Other revenue
$395,907
Total assets, end of year
$33,734,030
Total liabilities, end of year
$426,657
Net assets or fund balances, end of year
$33,307,373
Program services expenses (Part IX)
$2,519,467
Management and general expenses
$1,083,477
Fundraising expenses
$15,118
Program service expenses (Part III)
$2,519,467

Program services were 69.6% 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

    $126,499

  • 3 · Investment income

    total $705,344 · excluded $705,344

  • 7a · Gross sales of assets other than inventory

    securities $2,403,860

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

    securities $2,063,066

  • 7c · Gain or loss

    securities $340,794

  • 7d · Net gain or loss

    total $340,794 · excluded $340,794

  • 10a · Gross sales of inventory

    $870,119

  • 10b · Cost of goods sold

    $474,237

  • 10c · Net income from sales of inventory

    total $395,882 · related or exempt $395,882

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $25 · related or exempt $25

  • 11e · Other revenue, total

    $25

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $800,000 · program services $800,000

  • 5 · Compensation of officers, directors and key employees

    total $743,160 · program services $634,423 · management and general $100,359 · fundraising $8,378

  • 7 · Other salaries and wages

    total $494,696 · program services $246,889 · management and general $247,807

  • 8 · Pension plan contributions

    total $8,806 · program services $8,806

  • 9 · Other employee benefits

    total $5,226 · program services $5,226

  • 10 · Payroll taxes

    total $48,079 · program services $32,324 · management and general $15,343 · fundraising $412

  • 11b · Fees: legal

    total $200,396 · management and general $200,396

  • 11c · Fees: accounting

    total $73,395 · management and general $73,395

  • 11g · Fees: other

    total $77,553 · program services $2,813 · management and general $74,740

  • 12 · Advertising and promotion

    total $60,000 · program services $60,000

  • 13 · Office expenses

    total $2,628 · management and general $2,628

  • 14 · Information technology

    total $2,881 · program services $883 · management and general $1,557 · fundraising $441

  • 17 · Travel

    total $886 · program services $886

  • 22 · Depreciation, depletion and amortization

    total $76 · program services $68 · management and general $8

  • 23 · Insurance

    total $18,178 · management and general $18,178

  • 24a · Other expenses: INVENTORY IMPAIRMENT

    total $727,149 · program services $727,149

  • 24b · Other expenses: AGREEMENT

    total $337,192 · management and general $337,192

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $8,887 · management and general $8,887

  • 24d · Other expenses: LICENSES AND PERMITS

    total $6,732 · management and general $845 · fundraising $5,887

  • 24e · All other expenses

    total $2,142 · management and general $2,142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,344,014

  • 2 · Savings and temporary cash investments

    beginning of year $2,617,592 · end of year $1,016,445

  • 4 · Accounts receivable

    beginning of year $303,076 · end of year $90,000

  • 8 · Inventories for sale or use

    beginning of year $1,238,822 · end of year $398,927

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

    $2,283

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

    $76

  • 10c · Land, buildings and equipment, net

    end of year $2,207

  • 11 · Investments: publicly traded securities

    beginning of year $28,219,712 · end of year $29,682,437

  • 13 · Investments: program-related

    end of year $200,000

  • 15 · Other assets

    beginning of year $250,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $218,781 · end of year $326,657

  • 18 · Grants payable

    end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $32,410,421 · end of year $33,307,373

Mission and programs · 2024

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 AWARDED GRANTS OF 800,000 TO ORGANIZATIONS MAKING A POSITIVE IMPACT ON ENVIRONMENTAL ISSUES AND ARE DETERMINED TO CONTINUE THEIR WORK WELL INTO THE FUTURE, ACROSS BORDERS AND AT GREATER SCALE TO MAXIMIZE THEIR ENVIRONMENTAL BENEFIT. THE ORGANIZATION ALSO INVESTED 200,000 IN EQUITY FINANCING TO ENTITIES WITH THESE SAME INITIATIVES.

    Expenses $2,519,467 · Grants $800,000

  • CARBONCO, A WHOLLY-OWNED SUBSIDIARY OF THE ORGANIZATION, 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.

    Revenue $395,907

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Carlson

    PRESIDENT

    Total calculated
    $527,292
    From this org
    $495,489
    From related orgs
    $0
    Other
    $31,803
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $459,449
    Bonus
    $36,040
    Other
    not reported
    Deferred
    $13,800
    Nontaxable benefits
    $18,003
    Filer's total
    $527,292

  • W Paul Rowland

    DIRECTOR

    Total calculated
    $335,993
    From this org
    $335,993
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $311,069
    Bonus
    $24,924
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $335,993

  • Jarett Emert

    SVP OF PARTN

    Total calculated
    $255,847
    From this org
    $245,814
    From related orgs
    $0
    Other
    $10,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,724
    Bonus
    $16,090
    Other
    not reported
    Deferred
    $8,806
    Nontaxable benefits
    $1,227
    Filer's total
    $255,847

  • Linda Kelly

    FORMER HCE

    Total calculated
    $247,808
    From this org
    $247,808
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $247,808
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $247,808

  • 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: 136,893 JARETT EMERT: 69,065

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 $493,551 · assets $7,393,796

    Directly controlled by ENVIR NEXT ENVIRONMENT NEXT INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202503219349307310

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