Planet Aid Inc
- Assets
- $27.0m
- Revenue
- $42.9m
- Investments
- $0.0
- Employees
- 402
- Location
- Milford, MA
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 04-3348171
Organization Overview
Planet Aid Inc is located in Milford, MA. The organization was established in 1997. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Planet Aid Inc employed 402 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planet Aid Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Planet Aid Inc generated $42.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $37.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT THE ENVIRONMENT, REDUCE WASTE, AND INCREASE THE EFFICIENT USE OF VITAL RESOURCES. REDUCE POVERTY AND FOSTER DIRECT COOPERATION AND UNDERSTANDING AMONG PEOPLE ACROSS THE PLANET.
Describe the Organization's Program Activity:
INTERNATIONAL AID: IN 2023, PLANET AID CONTINUED WITH ITS SUPPORT TO ORGANIZATIONS AND COMMUNITIES IN AFRICA, ASIA, AND LATIN AMERICA.
DOMESTIC CHARITABLE ACTIVITIES: THE ORGANIZATION SUPPORTS VARIOUS CHARITABLE ACTIVITIES IN THE UNITED STATES THROUGH PAYMENTS TO A NUMBER OF SCHOOLS AND OTHER NONPROFITS.
U.S. CLOTHING COLLECTION AND HABITAT PROTECTION: PLANET AID COLLECTED AND PROCESSED 32,200 TONS OF USED CLOTHES, SHOES AND TEXTILE IN STATES FROM MAINE TO MISSOURI. COLLECTING UNWANTED CLOTHES SAVES LANDFILL SPACE AND REDUCES PRODUCTION OF METHANE. REUSING ALREADY MANUFACTURED CLOTHING AND OTHER TEXTILES SAVES MILLIONS OF GALLONS OF WATER AND REDUCES THE USE OF FERTILIZER AND PESTICIDES (IN COTTON PRODUCTION).
INTERNATIONAL TRAINING AND CAPACITY BUILDING: AS PART OF ITS COMMITMEENT TO INTERNATIONAL DEVELOPMENT, PLANET AID UNDERTAKES PROGRAMS OF INTERNATIONAL EXCHANGE AND TRAINING. PLANET AID WORKS CLOSELY WITH NON-GOVERNMENTAL ORGANIZATIONS IN A NUMBER OF DEVELOPING COUNTRIES TO BUILD LOCAL CAPACITY AND MOVE TOWARDS SELF-SUSTAINABILITY. PLANET AID ALSO PROVIDES INFORMATION FOR THE US PUBLIC IN MATTERS RELATED TO INTERNATIONAL DEVELOPMENT AND SUPPORTS EDUCATION PROGRAMS IN COOPERATION WITH PUBLIC AND PRIVATE SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Duckworth CFO | Officer | 40 | $184,955 |
Fred Olsson President, Ceo, Director | OfficerTrustee | 40 | $160,926 |
Marie Lichtenberg Director Of Partnership | 40 | $133,174 | |
Ulrike Stosch Chief Off. Of Strategic Devt. | 40 | $129,027 | |
Amy Ledbetter Director Of Hr | 40 | $122,625 | |
Wayne Michaud Operations Manager Iii | 40 | $107,590 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Garson & Shaw Inc Sales Broker | 12/30/23 | $1,775,708 |
Mad Designs Home Improvement Remodeling Construction | 12/30/23 | $742,059 |
Robert Gray Consultant | 12/30/23 | $175,810 |
Kerstein Coren & Lichtenstein Llp Lawyer | 12/30/23 | $122,310 |
Aafcpasinc Accounting & Auditing | 12/30/23 | $118,860 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,406,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,907,996 |
| Noncash contributions included in lines 1a–1f | $35,311,912 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,314,172 |
| Total Program Service Revenue | $0 |
| Investment income | $76,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,358 |
| Net Gain/Loss on Asset Sales | $12,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,862,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $503,619 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,092,131 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $491,085 |
| Compensation of current officers, directors, key employees. | $491,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,686,381 |
| Pension plan accruals and contributions | $8,171 |
| Other employee benefits | $1,741,481 |
| Payroll taxes | $1,238,749 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $114,316 |
| Fees for services: Accounting | $118,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $688,947 |
| Advertising and promotion | $64,086 |
| Office expenses | $631,389 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,929,605 |
| Travel | $347,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $167,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,044,040 |
| Insurance | $1,143,231 |
| All other expenses | $303,574 |
| Total functional expenses | $37,850,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $902,173 |
| Savings and temporary cash investments | $7,016,590 |
| Pledges and grants receivable | $531,249 |
| Accounts receivable, net | $2,568,352 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $813,789 |
| Prepaid expenses and deferred charges | $1,137,537 |
| Net Land, buildings, and equipment | $7,008,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,984,028 |
| Total assets | $26,961,761 |
| Accounts payable and accrued expenses | $1,679,513 |
| Grants payable | $0 |
| Deferred revenue | $30,234 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,885,650 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,256,522 |
| Total liabilities | $11,851,919 |
| Net assets without donor restrictions | $15,109,842 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,961,761 |
Grants Awarded
Over the last fiscal year, Planet Aid Inc has awarded $116,680 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
VEHICLES FOR CHANGE PURPOSE: TO SUPPORT LOCAL ORGINIZATIONS THAT SUPPORT THOSE IN NEED | $25,000 |
COMMUNITY ECOLOGY INSTITUTE PURPOSE: TO SUPPORT LOCAL ORGINIZATIONS THAT SUPPORT THOSE IN NEED | $25,000 |
LAUREL ADVOCACY AND REFERRAL SERVICES PURPOSE: TO SUPPORT LOCAL ORGINIZATIONS THAT SUPPORT THOSE IN NEED | $25,000 |
NORRIS SQUARE NEIGHBORHOOD PROJECT PURPOSE: TO SUPPORT LOCAL ORGINIZATIONS THAT SUPPORT THOSE IN NEED | $25,000 |
THE CLINTON FOUNDATION PURPOSE: TO SUPPORT ORGINIZATIONS THAT SUPPORT THOSE IN NEED | $6,680 |
WORLD CENTRAL KITCHEN INC PURPOSE: TO SUPPORT ORGINIZATIONS THAT SUPPORT THOSE IN NEED | $10,000 |