Carbon Offsets To Alleviate Poverty
- Assets
- $291.1k
- Revenue
- $360.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Walnut Creek, CA
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 27-4220630
Organization Overview
Carbon Offsets To Alleviate Poverty is located in Walnut Creek, CA. The organization was established in 2011. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carbon Offsets To Alleviate Poverty 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, Carbon Offsets To Alleviate Poverty generated $360.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $410.2k during the year ending 12/2022. While expenses have increased by 28.1% per year over the past 6 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
THE MISSION OF CARBON OFFSETS TO ALLEVIATE POVERTY (COTAP) IS TO EMPOWER INDIVIDUALS AND ORGANIZATIONS IN DEVELOPED COUNTRIES TO ADDRESS BOTH CLIMATE CHANGE AND GLOBAL POVERTY. COTAP COUNTERACTS YOUR CARBON EMISSIONS THROUGH CERTIFIED FORESTRY PROJECTS IN LEAST-DEVELOPED REGIONS WHICH CREATE TRANSPARENT, ACCOUNTABLE, AND LIFE- CHANGING EARNINGS FOR RURAL FARMING COMMUNITIES WHERE INCOME LEVELS ARE LESS THAN $2 PER DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022 COTAP CONTINUED ITS PRIMARY ACTIVITY OF HELPING INDIVIDUALS AND ORGANIZATIONS WORLDWIDE TO ADDRESS THEIR UNAVOIDABLE CARBON EMISSIONS WHILE CREATING INCOME FOR THE POOR. DURING 2022, INDIVIDUALS AND ORGANIZATIONS OFFSET 17,564.674 TONNES, RAISING $237,123.10 IN FUNDING FOR OUR PARTNER PROJECTS IN NICARAGUA, UGANDA, INDIA, FIJI, INDONESIA, AND MEXICO. THOUGH 2022 REFLECTED A STRONG TRAJECTORY OVER 2020, OVERALL DONATIONS DECREASED FROM 2021. THIS WAS DUE IN PART TO A MARKET CRASH FOR CRYPTOCURRENCY, WHICH HAD ACCOUNTED FOR SIGNIFICANT 2021 REVENUE GROWTH. FURTHER, A MAJOR WEBSITE HACK IN SEPTEMBER OCCURRED RIGHT BEFORE THE Q4 GIVING SEASON. THOUGH THE HACK ALSO SEVERELY STUNTED RECENT PROGRESS IN MAXIMIZING OUR IN-KIND GOOGLE ADS GRANT WITH OUR NEW VENDOR, WE RECOVERED TO ~$40K IN MONTHLY GRANT SPEND BY DECEMBER. COTAP PARTICIPATED IN ITS THIRD STAKEHOLDER EVENT FOR THE PLAN VIVO FOUNDATION AND CARBON STANDARD IN SEPTEMBER. IN NOVEMBER, COTAP EMBARKED ON ITS THIRD PARTNER PROJECT VISIT TO THE KHASI HILLS COMMUNITY REDD+ PROJECT IN MEGHALAYA, INDIA. IN JANUARY 2023 WE RELEASED A 20-MINUTE DOCUMENTARY ABOUT THE VISIT ENTITLED MAY THE FOREST BE WITH YOU: COTAP VISITS THE KHASI HILLS, WHICH HIGHLIGHTS THE PROJECTS ACTIVITIES, ACCOMPLISHMENTS, AND COMMUNITY BENEFITS. IT CAN BE SEEN AT HTTPS://YOUTUBE.COM/COTAP1.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy R Whitley CEO | OfficerTrustee | 45 | $64,733 |
Steve Wolf Secretary | Trustee | 1 | $0 |
David Minor Director | Trustee | 1 | $0 |
Philip A Curry CFO | Officer | 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 | $359,959 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,959 |
| Total Program Service Revenue | $0 |
| Investment income | $345 |
| 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 | $360,304 |
| 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. | $64,733 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,952 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,161 |
| Advertising and promotion | $6,193 |
| Office expenses | $8,779 |
| Information technology | $41,175 |
| Royalties | $0 |
| Occupancy | $10,228 |
| Travel | $7,013 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $410,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $290,716 |
| 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 | $400 |
| 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 | $291,116 |
| Accounts payable and accrued expenses | $223,070 |
| 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 | $223,070 |
| Net assets without donor restrictions | $68,046 |
| 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 | $291,116 |