Environment Next Inc
- Assets
- $31.2m
- Revenue
- $28.8m
- Investments
- $0.0
- Employees
- 7
- Location
- East Aurora, NY
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 20-0231609
Organization Overview
Environment Next Inc is located in East Aurora, NY. The organization was established in 2004. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2022, Environment Next Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Environment Next 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 12/2022, Environment Next Inc generated $28.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $16.3m during the year ending 12/2022. While expenses have increased by 35.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REDUCING THE IMPACT OF CLIMATE CHANGE THROUGH REDUCTION OF CO2 EMISSIONS, ENVIRONMENTAL EDUCATION, RENEWABLE AND EFFICIENT ENERGY, AND FORESTRY PROJECTS FOR A CLEANER AND HEALTHIER ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARBONFUND.ORG FOUNDATION, INC. SUPPORTED THE REDUCTION OF CARBON OFFSETS, THE PLANTING OF TREES, IN ADDITION TO SUPPORTING NUMEROUS CARBONFREE CERTIFIED PRODUCTS, WATER RESTORATION CREDITS, AND RENEWABLE ENERGY CERTIFICATES.
CARBONCO, A WHOLLY-OWNED SUBSIDIARY OF THE FOUNDATION, CONTINUED TO ADVISE AND ASSIST WITH THE IMPLEMENTATION OF FOUR REDD+ CARBON REDUCTION PROJECTS IN THE ACRE, BRAZIL, HELPING TO PRESERVE 750,000 ACRES, VERIFYING THE CARBON REDUCTIONS, ALONG WITH THE COMMUNITY AND BIODIVERSITY BENEFITS TO THE HIGHEST INTERNATIONAL STANDARDS, INCLUDING VCS AND CCBS WITH GOLD LEVEL DISTINCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Carlson President | OfficerTrustee | 45 | $7,098,657 |
Brian Mcfarland Sr. VP Of Pr | 40 | $1,502,189 | |
Jarett Emert VP Of Partne | 40 | $1,436,931 | |
Linda Kelly VP Of Partne | 40 | $186,667 | |
Suzanne Kaufman Cfo/finance | Officer | 29 | $160,077 |
Mark Rees Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold & Porter Kaye Scholer Llp Legal | 12/30/22 | $299,225 |
The Environmental Financial Consulting Group Llc Consulting | 12/30/22 | $232,500 |
Ostrya Conservation Inc Verification | 12/30/22 | $179,500 |
Kleinjohnson Group Llc Lobbying | 12/30/22 | $162,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,986,424 |
| Noncash contributions included in lines 1a–1f | $5,176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,986,424 |
| Total Program Service Revenue | $40,711 |
| Investment income | $216,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,990,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,594,893 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,831,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,687,876 |
| Compensation of current officers, directors, key employees. | $291,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,474,967 |
| Pension plan accruals and contributions | $23,500 |
| Other employee benefits | $65,089 |
| Payroll taxes | $204,434 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $343,453 |
| Fees for services: Accounting | $76,138 |
| Fees for services: Lobbying | $150,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,335 |
| Fees for services: Other | $363,838 |
| Advertising and promotion | $53,353 |
| Office expenses | $5,292 |
| Information technology | $89,857 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,222 |
| Insurance | $10,152 |
| All other expenses | $1,935 |
| Total functional expenses | $16,281,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,562 |
| Savings and temporary cash investments | $11,695,802 |
| Pledges and grants receivable | $481,765 |
| Accounts receivable, net | $1,411,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,062,820 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,237,101 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $31,227,885 |
| Accounts payable and accrued expenses | $335,943 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,451,053 |
| Total liabilities | $1,786,996 |
| Net assets without donor restrictions | $28,950,304 |
| Net assets with donor restrictions | $490,585 |
| 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 | $31,227,885 |