Charcoal Project Inc
- Assets
- $25.6k
- Revenue
- $16.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Brooklyn, NY
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 27-3653389
Organization Overview
Charcoal Project Inc, operating under the name The Charcoal Porject, is located in Brooklyn, NY. The organization was established in 2011. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Charcoal Porject employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charcoal Porject 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, Charcoal Porject generated $16.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.1%) each year. All expenses for the organization totaled $30.7k during the year ending 12/2022. 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
THE MISSION OF THE CHARCOAL PROJECT IS TO PROMOTE, FACILITATE, AND ADVOCATE FOR THE WIDESPREAD ADOPTION OF CLEAN BURNING TECHNOLOGIES, SUSTAINABLE FUEL ALTERNATIVES, AND POLICIES THAT SUPPORT ENERGY-POVERTY ALLEVIATION FOR THOSE WHO DEPEND ON BIOMASS AS THEIR PRIMARY FUEL AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HARVEST FUEL INITIATIVE (HFI) IS AN IMPACT-DRIVEN PROGRAM DEVELOPED BY THE CHARCOAL PROJECT. HFI PROVIDES ALTERNATIVE FUEL PRODUCERS WITH TRAINING, MENTORSHIP, FINANCIAL SUPPORT, TECHNICAL SUPPORT, ONLINE RESOURCES AND ACCESS TO A NETWORK OF ENTREPRENEURS. THE LATEST COHORT OF HFI ENTREPRENEURS WAS COMPLETED AT THE END OF 2021, SO THERE WERE ONLY MINIMAL EXPENSES FOR THE PROGRAM IN 2022, AS WE PLAN FOR OUR NEXT COHORT IN 2023.
BIOMASS FUEL RESEARCH - IN 2022, WE WORKED ON COMPLETING A RESEARCH PROJECT THAT WAS FUNDED IN 2021 THAT EXAMINED THE CONDUCIVENESS OF 31 AFRICAN NATIONS TO SUSTAINABLE CHARCOAL POLICIES. THE SUBSEQUENT REPORT WAS PUBLISHED IN EARLY 2023. ADDITIONALLY, A STUDY OF THE LIVELIHOODS EARNED BY SUSTAINABLE FUEL PRODUCERS WAS STARTED IN IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sylvia Herzog Director And Board Treasurer | Officer | 25 | $8,333 |
Tuyeni Heita Mwampamba Board Director | Trustee | 2.3 | $5,000 |
Jean Kim Chaix Director And Board President | Officer | 5 | $2,000 |
Alexandro Stoyanovic Board Director | Trustee | 1 | $0 |
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 | $16,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,320 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,320 |
| 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 | $3,487 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,333 |
| Compensation of current officers, directors, key employees. | $2,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,405 |
| Advertising and promotion | $1 |
| Office expenses | $111 |
| Information technology | $1,577 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $354 |
| Total functional expenses | $30,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,571 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,571 |
| Accounts payable and accrued expenses | $173 |
| 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 | $0 |
| Total liabilities | $173 |
| Net assets without donor restrictions | $0 |
| 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 | $100 |
| Retained earnings, endowment, accumulated income, or other funds | $25,298 |
| Total liabilities and net assets/fund balances | $25,571 |