Form 990 for tax year 2022
Filed by AMERICANS FOR CARBON DIVIDENDS INC.
Totals
- Total revenue
- $3,432,946
- Total expenses
- $3,083,311
- Contributions and grants received
- $3,425,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,196
- Other revenue
- $6,750
- Total assets, end of year
- $5,681,475
- Total liabilities, end of year
- $539,324
- Net assets or fund balances, end of year
- $5,142,151
- Program services expenses (Part IX)
- $2,733,040
- Management and general expenses
- $207,828
- Fundraising expenses
- $142,443
- Program service expenses (Part III)
- $2,733,040
Program services were 88.6% 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
$3,425,000
-
3 · Investment income
total $1,196 · excluded $1,196
-
6a · Gross rents
real property $6,750
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $6,750
-
6d · Net rental income or loss
total $6,750 · excluded $6,750
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $652,967 · program services $469,231 · management and general $95,237 · fundraising $88,499
-
7 · Other salaries and wages
total $238,270 · program services $171,251 · management and general $34,748 · fundraising $32,271
-
9 · Other employee benefits
total $11,298 · program services $8,079 · management and general $1,654 · fundraising $1,565
-
10 · Payroll taxes
total $53,889 · program services $38,533 · management and general $7,891 · fundraising $7,465
-
11b · Fees: legal
total $11,673 · program services $11,448 · management and general $225
-
11g · Fees: other
total $1,640,228 · program services $1,611,929 · management and general $28,299
-
12 · Advertising and promotion
total $162,200 · program services $162,200
-
13 · Office expenses
total $68 · program services $27 · management and general $41
-
14 · Information technology
total $7,358 · program services $5,799 · management and general $1,559
-
16 · Occupancy
total $222,125 · program services $178,644 · management and general $31,058 · fundraising $12,423
-
17 · Travel
total $10,570 · program services $10,570
-
19 · Conferences, conventions and meetings
total $36,460 · program services $36,460
-
22 · Depreciation, depletion and amortization
total $3,664 · program services $2,894 · management and general $550 · fundraising $220
-
23 · Insurance
total $5,978 · management and general $5,978
-
24a · Other expenses: MISCELLANEOUS
total $19,438 · program services $18,850 · management and general $588
-
24b · Other expenses: PUBLICATIONS AND SUBSCR
total $7,125 · program services $7,125
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $4,395,897 · end of year $5,204,927
-
3 · Pledges and grants receivable
end of year $100,000
-
4 · Accounts receivable
beginning of year $600,000
-
9 · Prepaid expenses and deferred charges
beginning of year $31,573 · end of year $25,388
-
10a · Land, buildings and equipment: cost or other basis
$18,319
-
10b · Land, buildings and equipment: accumulated depreciation
$12,398
-
10c · Land, buildings and equipment, net
beginning of year $9,585 · end of year $5,921
-
15 · Other assets
beginning of year $18,699 · end of year $345,239
-
17 · Accounts payable and accrued expenses
beginning of year $163,658 · end of year $146,806
-
25 · Other liabilities
beginning of year $99,580 · end of year $392,518
-
27 · Net assets without donor restrictions
beginning of year $4,192,516 · end of year $5,042,151
-
28 · Net assets with donor restrictions
beginning of year $600,000 · end of year $100,000
Mission and programs · 2022
Mission
TO ADVANCE A CONSENSUS CLIMATE POLICY SOLUTION BY ADVOCATING FOR THE FEBRUARY 2020 BIPARTISAN CLIMATE ROADMAP, WHICH WAS DEVELOPED BY THE CLIMATE LEADERSHIP COUNCIL'S DIVERSE COALITION OF STAKEHOLDERS.
-
EDUCATION AND ADVOCACY THAT PROMOTES A CONSENSUS CLIMATE POLICY SOLUTION - CARBON DIVIDENDS PLAN. THE PLAN IS BASED ON THE PRINCIPLES OF FREE MARKETS AND LIMITED GOVERNMENT, AND OFFERS THE BEST HOPE FOR A MUCH-NEEDED BIPARTISAN CLIMATE BREAKTHROUGH.
Expenses $2,733,040
As filed on the 2022 return.
Listed in Part VII
-
Gregory I BertelsenGREGORY I BERTELSEN
CEO
- Total calculated
- $220,000
- From this org
- $220,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $20,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $220,000
-
Dan SchnurDAN SCHNUR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mark McKinnonMARK MCKINNON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dominic MacklonDOMINIC MACKLON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen BarronKATHLEEN BARRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael-Ann MatticoliMICHAEL-ANN MATTICOLI
DIRECTOR, FINANCE AND ACCOUNTING
- Total calculated
- $29,400
- From this org
- $29,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Stephen P RiceSTEPHEN P RICE
MANAGING DIRECTOR
- Total calculated
- $399,818
- From this org
- $383,310
- From related orgs
- $0
- Other
- $16,508
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $364,810
- Bonus
- $18,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,508
- Filer's total
- $399,818
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 · 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)
- PART I, LINE 7
- THE ORGANIZATION'S CEO AND MANAGING DIRECTOR RECEIVED A BONUS. BONUSES ARE BASED ON MERIT AND ARE APPROVED BY THE BOARD.
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313109349303971
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