Terreform One Corp
- Assets
- $220.4k
- Revenue
- $214.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 36-4633591
Organization Overview
Terreform One Corp is located in Brooklyn, NY. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terreform One Corp 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, Terreform One Corp generated $214.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $734.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE DEVELOP INNOVATIVE CONCEPTS AND TECHNOLOGIES FOR LOCAL SUSTAINABILITY IN ENERGY, TRANSPORTATION, INFRASTRUCTURE, BUILDINGS, WASTE TREATMENTS, FOOD, WATER, AND TO EDUCATE THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELM HOME ALIVE PROTOTYPE: THE FAB TREE HAB IS A MULTISPECIES HABITAT, BLENDING INDIGENOUS TREE-GRAFTING WITH COMITATIONAL DESIGN AND SUSTAINABLE MATERIALS TO CREATE A LIVING STRUCTURE SEAMLESSLY INTEGRATED INTO ITS ENVIRONMENT. LOCATED IN UPSTATE NEW YORK, THE 1,000 SQUARE FOOT PROTOTYPE NURTURES BIODIVERSITY AND SERVES AS AN EDUCATIONAL PUBLIC OBSERVATORY, CHALLENGING TRADITIONAL ARCHITECTURAL PARADIGMS.
DESIGN AND CONSULTING
MYCOFORM CHAIR: SUSTAINABLE DESIGN EXHIBITION SHOWING OUR MYCOFORM CHAIR. AS A MODEL FOR FURNITURE THAT IS COMPOSTABLE AND DEGRADABLE USING BIOMATERIALS SUCH AS MYCELIUM. IT WAS SOLD TO THE NEW SOUTH WALES DEPARTMENT OF EDUCATION. IT WAS SENT TO AUSTRALIA, FLAGGED BY CUSTOMS AND RETURNED.
FOUNDED IN 2009, ONE LAB IS TERREFORMS EDUCATION ARM AND OFFERS DESIGN PROGRAMS AND FELLOWSHIPS. ONE LAB SUMMER STUDIOS PROGRAM PROVIDES HIGH SCHOOL STUDENTS WITH A PROJECT-BASED SUMMER PROGRAM WHICH INTRODUCES STUDENTS TO THE FUNDEMENTALS OF BIO-MATERIALS, ENVIRONMENTAL, AND REGENERATIVE DESIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Pobiner Board Member | Trustee | 2 | $0 |
Vivian Kuan Executive Director | OfficerTrustee | 40 | $36,260 |
Christian Hubert Board Member | Trustee | 5 | $0 |
David Stewart Director | Trustee | 2 | $0 |
Heather Lord Director | Trustee | 2 | $0 |
John Rudikoff Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,343 |
| Total Program Service Revenue | $138,618 |
| Investment income | $1 |
| 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 | $213,962 |
| 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. | $36,260 |
| Compensation of current officers, directors, key employees. | $36,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,482 |
| Office expenses | $2,276 |
| Information technology | $6,211 |
| Royalties | $0 |
| Occupancy | $32,368 |
| Travel | $1,453 |
| 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 | $49 |
| Insurance | $11,550 |
| All other expenses | $358,366 |
| Total functional expenses | $734,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,733 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251 |
| 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 | $92 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,275 |
| Total assets | $220,351 |
| Accounts payable and accrued expenses | $45,420 |
| 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 | $142,308 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $187,728 |
| Net assets without donor restrictions | $32,623 |
| 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 | $220,351 |
Grants Awarded
Over the last fiscal year, Terreform One Corp has awarded $255,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEW LAB LLC PURPOSE: fiscal sponsorship | $71,000 |
SHARED SPACE STUDIO PURPOSE: fiscal sponsorship | $14,250 |
NEW LAB LLC PURPOSE: fiscal sponsorship | $71,000 |
SHARED SPACE STUDIO PURPOSE: fiscal sponsorship | $14,250 |
NEW LAB LLC PURPOSE: fiscal sponsorship | $71,000 |
SHARED SPACE STUDIO PURPOSE: fiscal sponsorship | $14,250 |