Carbon Underground
- Assets
- $303.4k
- Revenue
- $340.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-5582094
Organization Overview
Carbon Underground is located in Los Angeles, CA. The organization was established in 2014. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, 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 Underground 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 Underground generated $340.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.0% each year . All expenses for the organization totaled $353.0k during the year ending 12/2021. 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
TO ACCELERATE THE RESTORATION OF SOIL HEALTH AT SCALE, REKINDLING NATURE'S ABILITY TO DRAW DOWN LEGACY CARBON TO HELP MITIGATE THE CLIMATE CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPT-A-METER: A GLOBAL, CROWD-FUNDING PLATFORM THAT EDUCATES AND ENGAGES THE PUBLIC TO CATALYZE A FORMIDABLE CLIMATE SOLUTION THROUGH THE ADOPTION AND RESTORATION OF SOIL. WITH CORPORATE PARTNERS AND CELEBRITY INFLUENCERS PUSHING OUT MESSAGING, CONSUMER ACTIVISM GROWS BY LEVERAGING CONSUMER PURCHASING POWER THROUGH SOCIAL MEDIA PROMOTION OF BRANDS ALIGNED WITH THE HEALTH OF OUR ECOSYSTEM, PLANET EARTH.
HEALTHY SOIL BIOME: A PARTNERSHIP WITH HEALTHY SOIL BIOMES ALLIANCE AND THE CENTER FOR REGENERATIVE AGRICULTURE AND RESILIENT SYSTEMS AT CSU/CHICO TO ACCELERATE THE WORLD'S TRANSITION REGENERATIVE AGRICULTURE, DRAWING DOWN GIGATONS OF CARBON IN THE PROCESS THROUGH ONGOING RESEARCH, EDUCATIONAL TOOLS AND CONTENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi Fiat Director, Strategic Partnerships | Officer | 30 | $49,125 |
Larry Kopald President | OfficerTrustee | 40 | $0 |
Tom Newmark Chair | OfficerTrustee | 1 | $0 |
Howard Fischer Board Member | Trustee | 5 | $0 |
Field Garthwaite Board Member | Trustee | 1 | $0 |
Darcy Winslow Board Member | 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 | $340,524 |
| Noncash contributions included in lines 1a–1f | $10,093 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,524 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $340,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,000 |
| Compensation of current officers, directors, key employees. | $21,531 |
| 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 | $4,889 |
| 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 | $184,524 |
| Advertising and promotion | $32,550 |
| Office expenses | $8,598 |
| Information technology | $21,600 |
| Royalties | $0 |
| Occupancy | $20,435 |
| 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 | $2,393 |
| All other expenses | $0 |
| Total functional expenses | $352,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,557 |
| 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 | $2,700 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $39,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $303,438 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $303,438 |
| 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 | $303,438 |
Grants Awarded
Over the last fiscal year, Carbon Underground has awarded $21,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Kutztown, PA PURPOSE: To support their Research Paper | $7,500 |
Kutztown, PA PURPOSE: To support their Research Paper | $7,500 |
Boulder, CO PURPOSE: It is paid to support soil restoration | $3,000 |
Boulder, CO PURPOSE: It is paid to support soil restoration | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Carbon Underground has recieved totaling $318,531.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $284,840 |
The Thomas Phillips And Jane Moore Johnson Foundation Telluride, CO PURPOSE: GENERAL CHARITABLE | $28,000 |
Bfk Foundation Inc Granville, OH PURPOSE: GENERAL OPERATING SUPPORT | $3,000 |
The Mortenson Family Foundation Minneapolis, MN PURPOSE: TO ACCELERATE THE ADOPTION OF REGENERATIVE AGRICULTURE AT SCALE TO HELP REVERSE THE CLIMATE CRISIS. | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sierra Club Foundation Oakland, CA | $244,757,583 | $95,601,203 |
Resources Legacy Fund Sacramento, CA | $131,343,495 | $84,084,998 |
Christensen Fund San Francisco, CA | $364,587,072 | $46,544,592 |
Earth Island Institute Inc Berkeley, CA | $22,402,365 | $16,760,146 |
River Partners Chico, CA | $23,560,844 | $15,926,609 |
Ecology Center Berkeley, CA | $7,185,570 | $13,640,615 |
Santa Catalina Island Conservancy Avalon, CA | $117,867,719 | $18,977,190 |
Elemental Excelerator Inc Honolulu, HI | $24,490,108 | $15,915,259 |
Sierra Foothill Conservancy Tr Mariposa, CA | $32,787,523 | $11,475,774 |
Island Conservation Santa Cruz, CA | $9,877,224 | $8,035,021 |
Pachamama Alliance San Francisco, CA | $3,900,327 | $8,257,728 |
Green Education Foundation San Jose, CA | $4,255,688 | $9,135,673 |