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Nonprofiteer
← CENTER FOR CARBON REMOVAL

Form 990 for tax year 2022

Filed by CENTER FOR CARBON REMOVAL.

Totals

Total revenue
$7,850,496
Total expenses
$7,114,739
Contributions and grants received
$7,616,427
Grants paid
$1,095,000
Program service revenue
$191,226
Investment income
$42,843
Other revenue
$0
Total assets, end of year
$19,902,342
Total liabilities, end of year
$480,400
Net assets or fund balances, end of year
$19,421,942
Program services expenses (Part IX)
$6,197,157
Management and general expenses
$873,164
Fundraising expenses
$44,418
Program service expenses (Part III)
$6,197,157

Program services were 87.1% 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

    $7,616,427

  • 1g · Noncash contributions included above

    $42,394

  • 2a · Program service revenue: CONSULTING FEES

    total $191,226 · related or exempt $191,226

  • 3 · Investment income

    total $46,968 · excluded $46,968

  • 7a · Gross sales of assets other than inventory

    securities $1,504,000

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

    securities $1,508,125

  • 7c · Gain or loss

    securities -$4,125

  • 7d · Net gain or loss

    total -$4,125 · excluded -$4,125

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,095,000 · program services $1,095,000

  • 5 · Compensation of officers, directors and key employees

    total $709,479 · program services $617,246 · management and general $85,138 · fundraising $7,095

  • 6 · Compensation of disqualified persons

    total $2,679,716 · program services $2,295,283 · management and general $358,065 · fundraising $26,368

  • 8 · Pension plan contributions

    total $108,964 · program services $93,270 · management and general $14,760 · fundraising $934

  • 9 · Other employee benefits

    total $259,195 · program services $221,095 · management and general $35,595 · fundraising $2,505

  • 10 · Payroll taxes

    total $233,516 · program services $200,495 · management and general $30,476 · fundraising $2,545

  • 11b · Fees: legal

    total $2,922 · management and general $2,922

  • 11c · Fees: accounting

    total $82,311 · management and general $82,311

  • 11g · Fees: other

    total $1,241,255 · program services $1,178,486 · management and general $62,769

  • 13 · Office expenses

    total $151,834 · program services $83,917 · management and general $67,917

  • 14 · Information technology

    total $38,857 · program services $979 · management and general $37,878

  • 16 · Occupancy

    total $199,996 · program services $171,215 · management and general $26,678 · fundraising $2,103

  • 17 · Travel

    total $116,114 · program services $78,629 · management and general $35,685 · fundraising $1,800

  • 19 · Conferences, conventions and meetings

    total $182,952 · program services $161,542 · management and general $20,342 · fundraising $1,068

  • 23 · Insurance

    total $12,628 · management and general $12,628

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,234,675 · end of year $2,667,443

  • 2 · Savings and temporary cash investments

    beginning of year $11,043,081 · end of year $2,234,043

  • 3 · Pledges and grants receivable

    beginning of year $4,224,230 · end of year $2,183,334

  • 4 · Accounts receivable

    beginning of year $31,250 · end of year $62,719

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,282 · end of year $33,200

  • 12 · Investments: other securities

    end of year $12,689,160

  • 15 · Other assets

    beginning of year $21,843 · end of year $32,443

  • 17 · Accounts payable and accrued expenses

    beginning of year $416,387 · end of year $480,400

  • 27 · Net assets without donor restrictions

    beginning of year $10,844,236 · end of year $15,360,514

  • 28 · Net assets with donor restrictions

    beginning of year $8,314,738 · end of year $4,061,428

Mission and programs · 2022

Mission

CARBON180'S MISSION IS TO DESIGN AND CHAMPION EQUITABLE, SCIENCE-BASED POLICIES THAT BRING CARBON REMOVAL SOLUTIONS TO GIGATONE SCALE. CARBON180'S VISION IS TO ELIMINATE LEGACY CARBON EMISSIONS AND CREATE A LIVABLE CLIMATE IN WHICH CURRENT AND FUTURE GENERATIONS CAN THRIVE.

  • OUR POLICY TEAM CONDUCTED ANALYSES, HOSTED WORKSHOPS, AND PROVIDED EDUCATION AND OUTREACH TO POLICYMAKERS TO SUPPORT INCREASED FEDERAL FUNDING FOR CARBON REMOVAL RESEARCH AND DEVELOPMENT AS WELL AS NEW POLICIES THAT WILL HELP SCALE THE DEPLOYMENT OF CARBON REMOVAL SOLUTIONS IN THE NEAR FUTURE. WE ALSO GREW OUR ENVIRONMENTAL JUSTICE INITIATIVE, LAUNCHING OUR REGRANTING WORK.

    Expenses $4,518,873 · Grants $1,095,000 · Revenue $191,226

  • CARBON180 WORKS ON EDUCATION AROUND CLIMATE CHANGE AND CARBON REMOVAL SOLUTIONS. TO DO THIS, WE PRODUCE COMMUNICATION MATERIALS AND HOST A REPOSITORY OF INFORMATION ON CARBON REMOVAL ON OUR WEBSITE. WE SHARED OUR PERSPECTIVES ON POLICY, RESEARCH, AND BUSINESS DEVELOPMENTS THROUGH OUR "THE CARBON COPY" NEWSLETTER. WITH OVER 8,000 SUBSCRIBERS, WE FOCUSED ON SHARING THE FIELD'S LATEST NEWS, SCIENCE AND JOB OPPORTUNITIES. WE ALSO PUBLISH "THE DEEP END" WHERE WE SHARE DETAILED PERSPECTIVES ON UP TO DATE POLICY NEWS, WITH OVER 2,900 SUBSCRIBERS. WE ALSO HAVE AN ACTIVE PRESCENCE ON SOCIAL MEDIA, WITH NEARLY 10,000 FOLLOWERS ON TWITTER.

    Expenses $893,259

  • OUR SCIENCE & INNOVATION TEAM EXPLORES FRONTIER CARBON REMOVAL SOLUTIONS AND ENSURES OUR POLICY WORK IS ROOTED IN THE BEST AVAILABLE SCIENCE. THEY WORK WITH ENTREPRENEURS TO UNDERSTAND THEIR BARRIERS TO CABRON REMOVAL DEPLOYMENT.

    Expenses $622,509

  • Expenses $162,516

As filed on the 2022 return.

Listed in Part VII

  • Erin Burns

    EXECUTIVE DIRECTOR & PRESIDENT

    Total calculated
    $298,470
    From this org
    $258,600
    From related orgs
    $0
    Other
    $39,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,600
    Bonus
    $0
    Other
    $0
    Deferred
    $15,150
    Nontaxable benefits
    $24,720
    Filer's total
    $298,470

  • Noah Deich

    FORMER PRESIDENT

    Total calculated
    $283,813
    From this org
    $247,304
    From related orgs
    $0
    Other
    $36,509
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,304
    Bonus
    $0
    Other
    $0
    Deferred
    $13,985
    Nontaxable benefits
    $22,524
    Filer's total
    $283,813

  • Gianna Amador

    FORMER DIRECTOR OF POLICY

    Total calculated
    $127,196
    From this org
    $112,869
    From related orgs
    $0
    Other
    $14,327
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,869
    Bonus
    $0
    Other
    $0
    Deferred
    $7,295
    Nontaxable benefits
    $7,032
    Filer's total
    $127,196

  • Peter Minor

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Matt Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Keely Anson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Gabriel Kra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Roxanne Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS REVIEWED AND DETERMIEND BY THE BOARD OF DIRECTORS OF THE ORGANIZATION. THE EXECUTIVE DIRECTOR'S COMPENSATION WAS DETERMINED AFTERTHECOMPILATION OF COMPARABILITY DATA AND AN INDEPENDENT VOTE FORM THE BOARD. THESE DECISIONS ARE DOCUMENTED IN THE BOARD'S MINUTES ACCORDINGLY.

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349302703

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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