Carbon Offsets To Alleviate Poverty
- Assets
- $402.8k
- Revenue
- $528.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Walnut Creek, CA
- Founding
- 07/2011
- Data as of
- 12/2021
- 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 12/2021, Carbon Offsets To Alleviate Poverty generated $528.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.4% each year . All expenses for the organization totaled $478.7k during the year ending 12/2021. While expenses have increased by 38.9% per year over the past 5 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
2021
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
TURNING 10 YEARS OLD IN 2021, COTAP CONTINUED ITS PRIMARY ACTIVITY OF HELPING INDIVIDUALS AND ORGANIZATIONS WORLDWIDE TO ADDRESS THEIR UNAVOIDABLE CARBON EMISSIONS WHILE CREATING INCOME FOR THE POOR. COTAP MORE THAN DOUBLED ITS REVENUE IN 2021, REFLECTING A BUOYANT MARKET FOR CARBON OFFSETTING THAT IS ALSO ATTRACTING MANY NEW ENTRANTS. COTAP ALSO BEGAN ACCEPTING, ON A LIMITED BASIS, DONATIONS OF CRYPTOCURRENCY THROUGH NEW PARTNER THE GIVING BLOCK. NO PROJECTS OR STAKEHOLDER EVENTS WERE VISITED/ATTENDED DURING 2021 DUE TO COVID, BUT COTAP ANTICIPATES THESE WILL RESUME IN 2022. COTAP ALSO MADE PROGRESS IN IDENTIFYING AND PURSUING VENDORS TO REVIVE AND MAXIMIZE ITS IN-KIND GOOGLE ADS GRANT AS WELL AS TO REPAIR AND ENHANCE ITS WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy R Whitley CEO | OfficerTrustee | 45 | $79,696 |
Philip A Curry CFO | Officer | 1 | $0 |
David Minor Director | Trustee | 1 | $0 |
Steve Wolf Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $513,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $528,032 |
| Total Program Service Revenue | $0 |
| Investment income | $112 |
| 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 | $528,144 |
| 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. | $79,696 |
| 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 | $6,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,218 |
| Advertising and promotion | $3,000 |
| Office expenses | $1,838 |
| Information technology | $7,559 |
| Royalties | $0 |
| Occupancy | $9,900 |
| Travel | $0 |
| 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 | $497 |
| Total functional expenses | $478,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $401,199 |
| 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 | $825 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $825 |
| Total assets | $402,849 |
| Accounts payable and accrued expenses | $288,939 |
| 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 | $288,939 |
| Net assets without donor restrictions | $113,910 |
| 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 | $402,849 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Carbon Offsets To Alleviate Poverty has recieved totaling $94,128.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $74,087 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $19,720 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $321 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Energy Efficiency Alliance Inc Portland, OR | $17,873,097 | $40,333,579 |
Grid Alternatives Oakland, CA | $32,269,792 | $33,853,183 |
Grid Alternatives Oakland, CA | $40,864,368 | $37,598,833 |
Energy Coalition Irvine, CA | $17,114,410 | $15,434,629 |
Solutions Project Inc Oakland, CA | $43,392,918 | $7,109,557 |
Energy Action Fund San Francisco, CA | $13,042,856 | $15,440,948 |
Californias For Energy Independence San Rafael, CA | $5,056,304 | $11,791,038 |
Calcef Innovations Oakland, CA | $15,783,035 | $8,813,623 |
Global Alliance For Incinerator Alternatives Berkeley, CA | $3,935,588 | $4,680,505 |
Climate Action Reserve Los Angeles, CA | $8,572,004 | $4,530,759 |
Green Building Initiative Inc Portland, OR | $9,419,082 | $7,219,837 |
Western Climate Initiative Inc Sacramento, CA | $14,036,664 | $9,896,538 |