Blue Forest Finance Inc
- Assets
- $14.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Sacramento, CA
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 83-1666979
Organization Overview
Blue Forest Finance Inc is located in Sacramento, CA. The organization was established in 2020. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Blue Forest Finance Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Forest Finance 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 12/2022, Blue Forest Finance Inc generated $5.3m in total revenue. All expenses for the organization totaled $3.4m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CLIMATE-RESILIENT ENVIRONMENTAL INTERVENTIONS, INCLUDING THROUGH CONSULTING AND FINANCIAL STRATEGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT DEVELOPMENT INVOLVES DEVELOPMENT, DESIGN, AND DEPLOYMENT OF INNOVATIVE FINANCE MODELS, INCLUDING THE FOREST RESILIENCE BOND AND THE STRATEGIES UNDER BLUE FOREST ASSET MANAGEMENT, WHICH FACILITATE ECOSYSTEM RESTORATION AND MANAGEMENT, SPECIFICALLY IN THE INTEREST OF REDUCING OR MITIGATING EXTREME CATASTROPHIC WILDFIRE AND SUPPORTING THE ECOLOGICAL MANAGEMENT OF NATURAL RESOURCES. WE BRING TOGETHER UTILITIES, PRIVATE COMPANIES, INVESTORS AND GOVERNMENT AT THE FEDERAL, STATE, AND LOCAL LEVEL TO DEVELOP AND INVEST IN CONSERVATION FINANCE PROJECTS, COMPANIES, AND INITIATIVES THAT ACCELERATE THE PACE AND SCALE OF RESTORATION WORK.
COMMUNICATIONS, OUTREACH, & EDUCATION INVOLVES ACTIVITIES TO PRODUCE AND DISSEMINATE MATERIALS AND INFORMATION ABOUT OUR INNOVATIVE FINANCE MODELS AND THE MULTIPLE BENEFITS OF ECOSYSTEM CONSERVATION AND RESTORATION GENERALLY. OUR STAKEHOLDER AND PUBLIC OUTREACH AND EDUCATION EXPANDS KNOWLEDGE OF OUR PROJECTS WHILE PROMOTING THEM AS EMERGING AND EFFECTIVE MODELS THAT ARE APPLICABLE AND REPLICABLE TO MANY LANDSCAPES AND ECOSYSTEM SITUATIONS IN NEED OF LARGE-SCALE MANAGEMENT AND RESTORATION.
SCIENCE & RESEARCH INVOLVES PARTNERING WITH ACADEMIC AND OTHER RESEARCH ORGANIZATIONS TO PROVIDE SCIENTIFIC SUPPORT FOR STAKEHOLDERS' INVESTMENTS IN ECOSYSTEM RESTORATION. WE HELP DEVELOP, TEST, AND EMPLOY TOOLS AND METHODOLOGIES FOR QUANTIFYING AND MONITORING THE MULTIPLE BENEFITS AND RETURN ON INVESTMENT OF ECOSYSTEM RESTORATION. WE ALSO MAINTAIN A PORTFOLIO OF INDEPENDENT RESEARCH PROJECTS AIMED AT GAINING NEW INSIGHTS INTO THE VARIOUS BENEFITS OF WELL-MANAGED LANDSCAPES AND CONSERVATION FINANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Saksa Chief Scientist | Officer | 1 | $168,700 |
Nicholas Wobbrock COO & Secretary | OfficerTrustee | 1 | $162,684 |
Zachary Knight CEO & President | OfficerTrustee | 1 | $157,965 |
Mackenzie Cloyes Chief Of Staff | 1 | $125,983 | |
Jeanette Davidson Mng Dir., Project Development | 1 | $112,034 | |
Gordon Vermeer CFO & Treasurer | Officer | 1 | $102,626 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $728,174 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,516,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,244,407 |
| Total Program Service Revenue | $980,500 |
| Investment income | $31,245 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$771 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,334,916 |
| 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. | $679,679 |
| Compensation of current officers, directors, key employees. | $87,955 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,453,305 |
| Pension plan accruals and contributions | $52,234 |
| Other employee benefits | $174,711 |
| Payroll taxes | $163,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $493,942 |
| Advertising and promotion | $501 |
| Office expenses | $16,900 |
| Information technology | $35,857 |
| Royalties | $0 |
| Occupancy | $16,954 |
| Travel | $140,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,153 |
| Interest | $50,913 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,438 |
| All other expenses | $0 |
| Total functional expenses | $3,436,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,243,488 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $592,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,430,756 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,727,702 |
| Intangible assets | $0 |
| Other assets | $1,697 |
| Total assets | $13,996,241 |
| Accounts payable and accrued expenses | $201,926 |
| Grants payable | $460,000 |
| Deferred revenue | $500,000 |
| 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 | $9,550,000 |
| Other liabilities | $0 |
| Total liabilities | $10,711,926 |
| Net assets without donor restrictions | $3,284,315 |
| 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 | $13,996,241 |