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Nonprofiteer
← AMERICANS FOR CARBON DIVIDENDS INC

Form 990 for tax year 2023

Filed by AMERICANS FOR CARBON DIVIDENDS INC.

Totals

Total revenue
$2,048,501
Total expenses
$2,992,843
Contributions and grants received
$2,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$12,219
Other revenue
$36,282
Total assets, end of year
$4,450,661
Total liabilities, end of year
$252,852
Net assets or fund balances, end of year
$4,197,809
Program services expenses (Part IX)
$2,561,344
Management and general expenses
$282,462
Fundraising expenses
$149,037
Program service expenses (Part III)
$2,561,344

Program services were 85.6% 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

    $2,000,000

  • 3 · Investment income

    total $12,219 · excluded $12,219

  • 6a · Gross rents

    real property $36,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $36,000

  • 6d · Net rental income or loss

    total $36,000 · excluded $36,000

  • 11a · Other revenue: REFUND

    total $282 · excluded $282

  • 11e · Other revenue, total

    $282

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $658,703 · program services $489,229 · management and general $90,591 · fundraising $78,883

  • 7 · Other salaries and wages

    total $396,959 · program services $294,870 · management and general $54,572 · fundraising $47,517

  • 8 · Pension plan contributions

    total $4,687 · program services $3,465 · management and general $653 · fundraising $569

  • 9 · Other employee benefits

    total $11,045 · program services $8,165 · management and general $1,538 · fundraising $1,342

  • 10 · Payroll taxes

    total $65,748 · program services $48,605 · management and general $9,156 · fundraising $7,987

  • 11b · Fees: legal

    total $11,373 · program services $416 · management and general $10,957

  • 11c · Fees: accounting

    total $12,500 · management and general $12,500

  • 11d · Fees: lobbying

    total $1,338,600 · program services $1,338,600

  • 11g · Fees: other

    total $14,266 · program services $10,500 · management and general $3,766

  • 12 · Advertising and promotion

    total $157,980 · program services $108,000 · management and general $49,980

  • 13 · Office expenses

    total $401 · program services $401

  • 14 · Information technology

    total $9,708 · program services $8,688 · management and general $1,020

  • 16 · Occupancy

    total $242,331 · program services $192,245 · management and general $37,567 · fundraising $12,519

  • 17 · Travel

    total $21,541 · program services $21,541

  • 19 · Conferences, conventions and meetings

    total $34,952 · program services $33,693 · management and general $1,259

  • 22 · Depreciation, depletion and amortization

    total $3,664 · program services $2,894 · management and general $550 · fundraising $220

  • 23 · Insurance

    total $5,763 · management and general $5,763

  • 24a · Other expenses: MISCELLANEOUS

    total $1,459 · management and general $1,459

  • 24b · Other expenses: REPAIR AND MAINTENANCE

    total $1,131 · management and general $1,131

  • 24c · Other expenses: PUBLICATIONS AND SUBSCR

    total $32 · program services $32

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $50,000

  • 2 · Savings and temporary cash investments

    beginning of year $5,204,927 · end of year $4,351,392

  • 3 · Pledges and grants receivable

    beginning of year $100,000

  • 4 · Accounts receivable

    end of year $733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,388 · end of year $27,580

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

    $18,319

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

    $16,062

  • 10c · Land, buildings and equipment, net

    beginning of year $5,921 · end of year $2,257

  • 15 · Other assets

    beginning of year $345,239 · end of year $18,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $146,806 · end of year $249,852

  • 19 · Deferred revenue

    beginning of year $0 · end of year $3,000

  • 25 · Other liabilities

    beginning of year $392,518 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,042,151 · end of year $4,197,809

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $0

Mission and programs · 2023

Mission

TO ADVANCE A CONSENSUS CLIMATE POLICY SOLUTION BY ADVOCATING FOR THE 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 $2,561,344

As filed on the 2023 return.

Listed in Part VII

  • Stephen P Rice

    MANAGING DIRECTOR

    Total calculated
    $409,736
    From this org
    $389,925
    From related orgs
    $0
    Other
    $19,811
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $371,014
    Bonus
    $18,911
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,811
    Filer's total
    $409,736

  • Gregory I Bertelsen

    CEO

    Total calculated
    $210,000
    From this org
    $210,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $10,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $210,000

  • Michael-Ann Matticoli

    DIRECTOR, FINANCE AND ACCO

    Total calculated
    $38,967
    From this org
    $38,967
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Mark McKinnon

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dan Schnur

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dominic Macklon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Barron

    DIRECTOR

    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. 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
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202423039349302177

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