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Nonprofiteer
← BCARBON INC

Form 990 for tax year 2023

Filed by BCARBON INC.

Totals

Total revenue
$2,222,644
Total expenses
$1,575,711
Contributions and grants received
$1,360,467
Grants paid
$200,000
Program service revenue
$836,908
Investment income
$25,269
Other revenue
$0
Total assets, end of year
$1,438,079
Total liabilities, end of year
$9,088
Net assets or fund balances, end of year
$1,428,991
Program services expenses (Part IX)
$1,293,463
Management and general expenses
$282,248
Fundraising expenses
$0
Program service expenses (Part III)
$1,293,463

Program services were 82.1% 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

    $1,360,467

  • 2a · Program service revenue: Project revenue

    total $795,000 · related or exempt $795,000

  • 2b · Program service revenue: Carbon credit certifications

    total $41,908 · related or exempt $41,908

  • 3 · Investment income

    total $25,269 · excluded $25,269

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

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

  • 5 · Compensation of officers, directors and key employees

    total $180,408 · program services $50,053 · management and general $130,355

  • 7 · Other salaries and wages

    total $342,906 · program services $310,116 · management and general $32,790

  • 9 · Other employee benefits

    total $12,322 · program services $11,090 · management and general $1,232

  • 10 · Payroll taxes

    total $28,803 · program services $26,295 · management and general $2,508

  • 11b · Fees: legal

    total $130,030 · program services $83,026 · management and general $47,004

  • 11c · Fees: accounting

    total $7,853 · management and general $7,853

  • 11g · Fees: other

    total $301,817 · program services $300,385 · management and general $1,432

  • 13 · Office expenses

    total $11,591 · program services $3,277 · management and general $8,314

  • 14 · Information technology

    total $11,829 · management and general $11,829

  • 16 · Occupancy

    total $32,500 · management and general $32,500

  • 17 · Travel

    total $9,896 · program services $9,896

  • 19 · Conferences, conventions and meetings

    total $2,215 · management and general $2,215

  • 23 · Insurance

    total $4,741 · program services $525 · management and general $4,216

  • 24a · Other expenses: Payments to Landowners

    total $144,640 · program services $144,640

  • 24b · Other expenses: Consulting

    total $130,005 · program services $130,005

  • 24c · Other expenses: Testing services

    total $13,950 · program services $13,950

  • 24d · Other expenses: Verification

    total $10,205 · program services $10,205

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $824,692 · end of year $149,375

  • 2 · Savings and temporary cash investments

    end of year $1,286,769

  • 4 · Accounts receivable

    beginning of year $4,336 · end of year $1,935

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,970 · end of year $9,088

  • 27 · Net assets without donor restrictions

    beginning of year $197,533 · end of year $27,168

  • 28 · Net assets with donor restrictions

    beginning of year $584,525 · end of year $1,401,823

Mission and programs · 2023

Mission

BCarbon's mission is to provide high-integrity research and certification services for empirically tested carbon sequestration projects around the world and to sustain a community of practice for sharing knowledge about the low-carbon economy.

Activities or mission (Part I)

To enable sustainable climate conservation with a nature-based carbon registry.

  • BCarbon creates and maintains standards and programs to achieve sustainable climate change goals to protect and conserve the environment for the benefit of the general public based on nature-based solutions. BCarbon reviews and certifies applications for both soil and timber carbon credits to determine whether they meet BCarbon's criteria for credit issuance. Credits are issued and registered on a blockchain accounting system to keep up with subsequent transactions.

    Expenses $812,843 · Revenue $663,106

  • BCarbon has created a coastal protocol that will protect coastal wetlands from sea level rise and provide carbon credits at the same time.

    Expenses $241,994 · Revenue $170,000

  • BCarbon is working with Prairie View A&M University and the U.S. Business Council for Sustainable Development to develop a program for small African-American landowners in East Texas to help them create what is called the Small Landowner Carbon Collaborative that we intend to become a model for small landowner participation in the carbon market throughout the United States.

    Expenses $238,626 · Grants $200,000 · Revenue $3,802

  • BCarbon is working with the East Foundation to develop a crediting protocol for biodiversity that will attempt to establish value for properties that exhibit great biological diversity, with an initial focus on South Texas ranchlands and the endangered ocelot which is a small spotted cat that lives in the deep brush of South Texas.

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

Listed in Part VII

  • James B Blackburn Jr

    Chair, President/CEO

    Total calculated
    $77,706
    From this org
    $77,706
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Robin D Rather

    COO (thru 10/2023)

    Total calculated
    $102,702
    From this org
    $102,702
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Joe Swinbank

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jose Beceiro

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Elliott Boullion

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joni Carswell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pam Giblin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Claude Griffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jane Stricker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Miguel Gonzalez

    Technical Operations Director

    Total calculated
    $128,000
    From this org
    $128,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

  • United States Business Council for Sustainable Development

    $200,000

    General support

Provenance

Return type
form_990
Tax year
2023
Filed
22 November 2024
IRS schema version
2023v5.1
Source object
202423279349301347

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