Foundation For Climate Restoration Inc
- Assets
- $82.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 82-3487365
Organization Overview
Foundation For Climate Restoration Inc is located in Los Altos, CA. The organization was established in 2019. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, 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. Foundation For Climate Restoration Inc 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, Foundation For Climate Restoration Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 45.5% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CO-FOUNDED THE OUR PLANET OUR FUTURE INITIATIVE TO ENGAGE 1.5 BILLION PEOPLE AROUND THE WORLD IN MEANINGFUL CLIMATE ACTION OVER 10 YEARS. THE INITIATIVE IS BASED ON A 2021 GATHERING OF OVER 40 GLOBAL FAITH LEADERS AT THE VATICAN THAT CALLED FOR DEEP AND SUSTAINED CLIMATE ACTION
HOSTED A VIRTUAL CONFERENCE, THE THIRD IN OUR ANNUAL SERIES OF CLIMATE RESTORATION FORUMS. SHOWCASED COMPANIES AND NONPROFITS WORKING ON CLIMATE RESTORATION SOLUTIONS, ENGINEERS AND SCIENTISTS WORKING IN CARBON DIOXIDE REMOVAL, AND MOVEMENT-BUILDERS BRINGING TOGETHER ACTIVISTS TO ADVANCE CLIMATE ACTION. THE FORUM WAS PRODUCED AND BROADCAST BY EARTHXTV
CO-CHAIRED THE GLOBAL CARBON REMOVAL PARTNERSHIP TOGETHER WITH THE THUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT. THE PURPOSE OF THE PARTNERSHIP IS TO BRING TOGETHER KEY STAKEHOLDERS TO ADVANCE CARBON REMOVAL FOR THE PURPOSE OF CLIMATE RESTORATION. MEMBERS INCLUDE XPRIZE FOUNDATION, THE PRESIDENCY OF KENYA, NEXUS GLOBAL, EARTHDAY.ORG, TALL TREES CAPITAL, THE CITY OF LOS ANGELES, AND MORE. THE PARTNERSHIP OFFICIALLY LAUNCHED AT THE COP 26 UN CLIMATE CONFERENCE IN NOVEMBER 2021
PILOTED A LOCAL CHAPTER PROGRAM TO BUILD GRASSROOTS ADVOCACY FOR CLIMATE RESTORATION ISSUES. WORKED WITH AN EXPERIENCED ADVOCACY COACH TO DEVELOP A RIGOROUS VOLUNTEER PROGRAM WITH MEMBERS IN 6 COUNTRIES. TRAINED VOLUNTEERS IN THE SCIENCE AND SOLUTIONS OF CLIMATE RESTORATION, BEST PRACTICES FOR GRASSROOTS ADVOCACY, AND DEVELOPING RESOURCES TO AID ADVOCACY EFFORTS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Dodds COO | 0 | $114,000 | |
Richard Parnell Former CEO | 40 | $108,333 | |
Richard H Wayman CEO | 40 | $43,538 | |
Pete Ryan Treasurer | 3 | $0 | |
Alan Hyman Director | 1 | $0 | |
Sandra Kwak Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diane Walker | 12/30/20 | $144,000 |
Social Impact Partners Llc | 12/30/20 | $50,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,075,864 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $5,647 |
| Other Income | $9,461 |
| Total Revenue | $1,090,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $265,871 |
| Other employee salaries and wages | $184,227 |
| Pension plans, employee benefits | $56,393 |
| Interest | $0 |
| Taxes | $175 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,416 |
| Printing and publications | $0 |
| Other expenses | $530,511 |
| Total operating and administrative expenses | $1,081,612 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,081,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,606 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $82,606 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,035 |
| Total liabilities | $2,035 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Foundation For Climate Restoration Inc has recieved totaling $79,029.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $12,300 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,500 |
Cocatalyst Impact Inc Palo Alto, CA PURPOSE: GENERAL SUPPORT | $5,229 |
Highfield Foundation Cincinnati, OH PURPOSE: PROJECT/PROGRAM SUPPORT | $3,000 |
The Louis E Newman Charitable Trust Los Altos, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cool Effect Inc Greenbrae, CA | $6,719,079 | $19,212,039 |
Guided Discoveries Inc San Clemente, CA | $20,044,630 | $15,426,303 |
Dream Corps Oakland, CA | $62,121,827 | $57,812,679 |
Grand Canyon Conservancy Grand Canyon, AZ | $25,938,444 | $15,719,134 |
Nextgen Climate America Inc Sacramento, CA | $3,802,758 | $11,549,053 |
Surfrider Foundation San Clemente, CA | $13,752,426 | $12,597,004 |
Friends Of Santa Cruz State Parks Santa Cruz, CA | $7,340,496 | $7,296,539 |
Naturebridge Sausalito, CA | $43,943,887 | $7,780,069 |
Eco Center Inc San Juan Capistrano, CA | $2,693,282 | $4,532,264 |
Redford Center Inc San Francisco, CA | $7,412,081 | $4,156,268 |
The Kohala Center Inc Kamuela, HI | $7,587,760 | $3,707,725 |
The Trust For Hidden Villa Los Altos Hills, CA | $19,208,239 | $4,301,635 |