Center For Carbon Removal
- Assets
- $19.6m
- Revenue
- $19.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Washington, DC
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-2560407
Organization Overview
Center For Carbon Removal, operating under the name Carbon180, is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2021, Carbon180 employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carbon180 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, Carbon180 generated $19.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 70.2% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 48.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARBON180'S MISSION IS TO DESIGN AND CHAMPION EQUITABLE, SCIENCE-BASED POLICIES THAT BRING CARBON REMOVAL SOLUTIONS TO GIGATONE SCALE. CARBON180'S VISION IS TO ELIMINATE LEGACY CARBON EMISSIONS AND CREATE A LIVABLE CLIMATE IN WHICH CURRENT AND FUTURE GENERATIONS CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR POLICY TEAM CONDUCTED ANALYSES, HOSTED WORKSHOPS, AND PROVIDED EDUCATION AND OUTREACH TO POLICYMAKERS TO SUPPORT INCREASED FEDERAL FUNDING FOR CARBON REMOVAL RESEARCH AND DEVELOPMENT AS WELL AS NEW POLICIES THAT WILL HELP SCALE THE DEPLOYMENT OF CARBON REMOVAL SOLUTIONS IN THE NEAR FUTURE. WE ALSO GREW OUR ENVIRONMENTAL JUSTICE INITIATIVE, LAUNCHING OUR REGRANTING WORK.
CARBON180 WORKS ON EDUCATION AROUND CLIMATE CHANGE AND CARBON REMOVAL SOLUTIONS. TO DO THIS, WE PRODUCE COMMUNICATION MATERIALS AND HOST A REPOSITORY OF INFORMATION ON CARBON REMOVAL ON OUR WEBSITE. WE SHARED OUR PERSPECTIVES ON POLICY, RESEARCH, AND BUSINESS DEVELOPMENTS THROUGH OUR "THE CARBON COPY" NEWSLETTER. WITH OVER 8,000 SUBSCRIBERS, WE FOCUSED ON SHARING THE FIELD'S LATEST NEWS, SCIENCE AND JOB OPPORTUNITIES. WE ALSO PUBLISH "THE DEEP END" WHERE WE SHARE DETAILED PERSPECTIVES ON UP TO DATE POLICY NEWS, WITH OVER 2,900 SUBSCRIBERS. WE ALSO HAVE AN ACTIVE PRESCENCE ON SOCIAL MEDIA, WITH NEARLY 10,000 FOLLOWERS ON TWITTER.
OUR SCIENCE & INNOVATION TEAM EXPLORES FRONTIER CARBON REMOVAL SOLUTIONS AND ENSURES OUR POLICY WORK IS ROOTED IN THE BEST AVAILABLE SCIENCE. THEY WORK WITH ENTREPRENEURS TO UNDERSTAND THEIR BARRIERS TO CABRON REMOVAL DEPLOYMENT.
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Burns Executive Director | OfficerTrustee | 40 | $212,360 |
Noah Deich President | OfficerTrustee | 40 | $210,707 |
Giana Amador Director Of Policy | OfficerTrustee | 40 | $122,626 |
Ugbaad Kosar Deputy Director, Policy | 40 | $114,972 | |
Latreshia Thomas Deputy Director, Operations | 40 | $106,981 | |
Lucia Simonelli Senior Policy Fellow | 40 | $100,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Launchsquad Llc Consulting | 12/30/21 | $133,080 |
Co2efficient Llc Consulting | 12/30/21 | $120,000 |
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 | $18,893,430 |
| Noncash contributions included in lines 1a–1f | $100,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,893,430 |
| Total Program Service Revenue | $118,750 |
| Investment income | $748 |
| 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 | $19,012,928 |
| 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. | $1,061,995 |
| Compensation of current officers, directors, key employees. | $228,767 |
| Compensation to disqualified persons | $1,003,952 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $16,091 |
| Other employee benefits | $92,394 |
| Payroll taxes | $147,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,655 |
| Fees for services: Accounting | $45,860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $864,539 |
| Advertising and promotion | $1,580 |
| Office expenses | $80,025 |
| Information technology | $19,955 |
| Royalties | $0 |
| Occupancy | $42,615 |
| Travel | $108,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,077 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,057 |
| All other expenses | $41,822 |
| Total functional expenses | $3,557,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,234,675 |
| Savings and temporary cash investments | $11,043,081 |
| Pledges and grants receivable | $4,224,230 |
| Accounts receivable, net | $31,250 |
| 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 | $20,282 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,843 |
| Total assets | $19,575,361 |
| Accounts payable and accrued expenses | $416,387 |
| 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 | $416,387 |
| Net assets without donor restrictions | $10,844,236 |
| Net assets with donor restrictions | $8,314,738 |
| 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 | $19,575,361 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Carbon Removal has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Schoxorg San Francisco, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Resources For The Future Inc Washington, DC | $87,643,116 | $15,471,020 |
International Council On Clean Transportation Washington, DC | $10,919,229 | $15,647,679 |
Health Care Without Harm Reston, VA | $18,732,960 | $11,311,723 |
Clearpath Inc Washington, DC | $4,886,065 | $9,219,831 |
Center For Climate Integrity Washington, DC | $3,631,672 | $5,563,480 |
Clean Water Fund Washington, DC | $6,131,440 | $6,555,415 |
Smart Growth America Washington, DC | $4,425,807 | $5,937,730 |
Center For Climate And Energy Solutions Arlington, VA | $5,506,660 | $2,967,227 |
National Petroleum Council Washington, DC | $13,184,202 | $4,502,849 |
Center For Carbon Removal Washington, DC | $19,575,361 | $19,012,928 |
Electrification Coalition Foundation Washington, DC | $3,376,408 | $4,977,266 |
Foundations Of Success Inc Bethesda, MD | $3,526,490 | $2,845,123 |