Terracorps Inc
- Assets
- $899.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 96
- Location
- Lowell, MA
- Founding
- 06/2018
- Data as of
- 08/2023
- EIN
- 82-3881519
Organization Overview
Terracorps Inc is located in Lowell, MA. The organization was established in 2018. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 08/2023, Terracorps Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terracorps 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 08/2023, Terracorps Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.3m during the year ending 08/2023. While expenses have increased by 4.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE AND MOBILIZE EMERGING LEADERS TO HELP COMMUNITIES GAIN ACCESS TO AND CONSERVE LAND FOR PEOPLE AND NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUIT, ASSIGN, AND PROVIDE SUPPORT FOR AMERICORPS MEMBERS AT PARTNER SITES ACROSS MASSACHUSETTS, RHODE ISLAND, AND CONNECTICUT.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Graham Wolf President/ceo | OfficerTrustee | 40 | $83,274 |
Zoe Davis Director | Trustee | 1 | $0 |
Thai Ha-Ngoc Director | OfficerTrustee | 1 | $0 |
Reggie Hall Director | OfficerTrustee | 1 | $0 |
Robert Chen Director | Trustee | 1 | $0 |
Benjamin J Padilla Co-Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $863,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,018,508 |
| Total Program Service Revenue | $399,019 |
| Investment income | $1,064 |
| 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 | $1,418,591 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $933,028 |
| Pension plan accruals and contributions | $9,673 |
| Other employee benefits | $16,039 |
| Payroll taxes | $69,110 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,991 |
| Fees for services: Accounting | $23,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,699 |
| Advertising and promotion | $2,858 |
| Office expenses | $2,912 |
| Information technology | $16,873 |
| Royalties | $0 |
| Occupancy | $28,695 |
| Travel | $2,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,904 |
| Insurance | $5,319 |
| All other expenses | $4,132 |
| Total functional expenses | $1,289,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $162,957 |
| Accounts receivable, net | $134,179 |
| 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 | $4,545 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $19,832 |
| Other assets | $35,051 |
| Total assets | $899,812 |
| Accounts payable and accrued expenses | $115,822 |
| Grants payable | $0 |
| Deferred revenue | $569,547 |
| 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 | $50,611 |
| Other liabilities | $0 |
| Total liabilities | $735,980 |
| Net assets without donor restrictions | $163,832 |
| 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 | $899,812 |