Golden State Natural Resources
- Assets
- $2.1m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Sacramento, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3072319
Organization Overview
Golden State Natural Resources is located in Sacramento, CA. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. As of 12/2021, Golden State Natural Resources employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden State Natural Resources is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GOLDEN STATE NATURAL RESOURCES (GSNR), WAS INCORPORATED IN MAY 2019. GSNR IS A NONPROFIT PUBLIC BENEFIT CORPORATION ORGANIZED WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. GSNR WAS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PROMOTING PUBLIC SAFETY, FOREST RESILIENCY, WILDFIRE RISK REDUCTION, AIR QUALITY IMPROVEMENT, ORGANIC WASTE REDUCTION, RURAL ECONOMIC DEVELOPMENT, AND PUBLIC PURPOSES THERETO. ACCORDINGLY, GSNR IS CONSIDERED A GOVERNMENTAL UNIT FOR FINANCIAL REPORTING PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GSNR IS CURRENTLY IN THE PRE-DEVELOPMENT PHASE OF OPERATIONS RELATED TO SITE SELECTION FOR UP TO TWO INDUSTRIAL PELLET MANUFACTURING FACILITIES. IT IS ANTICIPATED THAT FUTURE FULL OPERATIONS WILL INCLUDE THE REMOVAL OF EXCESS BIOMASS FROM FORESTS FOR EVENTUAL CONVERSION INTO INDUSTRIAL PELLETS AVAILABLE FOR EXPORT AND UTILIZATION FOR ENERGY GENERATION IN MARKETS CONVERTING FROM COAL TO BIOMASS ENERGY GENERATION. MOST OF EXPENSES INCURRED DURING THE YEAR RELATE TO ABOVE MENTIONED SITE SELECTION PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Norton President | Officer | 40 | $147,500 |
Kevin Cann Vice President | Officer | 40 | $36,458 |
Craig Ferguson Vice President Secretary | Officer | 1 | $0 |
Lisa Mccargar Chief Financial Officer | Officer | 5 | $0 |
Stacy Corless Supervisor Mono Count Director | Trustee | 1 | $0 |
Matt Kingsley Supervisor Inyo Count Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexus Program Management Group Llc Consultant - Pre-development | 12/30/21 | $1,180,028 |
Verto Impact Partners Llc Offtake Agreement Development And Consulting | 12/30/21 | $159,375 |
Lost River Fire Management Services Inc Consultant - Pre-development | 12/30/21 | $120,000 |
Dudek Environmental Consulting | 12/30/21 | $281,803 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| 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. | $183,958 |
| Compensation of current officers, directors, key employees. | $183,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,884 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $15,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,693,807 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $1,129 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,063 |
| Payments to affiliates | $855,750 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,349 |
| All other expenses | $72,857 |
| Total functional expenses | $2,966,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,739 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,053,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,111,183 |
| Accounts payable and accrued expenses | $155,103 |
| 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 | $4,599,303 |
| Total liabilities | $4,754,406 |
| Net assets without donor restrictions | -$2,643,223 |
| 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 | $2,111,183 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rainforest Action Network San Francisco, CA | $13,980,269 | $11,682,993 |
Stand San Francisco, CA | $4,770,896 | $8,673,815 |
Coos Forest Protective Association Coos Bay, OR | $2,774,922 | $6,867,350 |
Sanctuary Forest Inc Whitethorn, CA | $5,645,778 | $4,272,052 |
Plant-For-The-Planet Us Santa Fe Springs, CA | $1,359,518 | $4,893,706 |
Mongabayorg Corporation Menlo Park, CA | $7,180,663 | $6,871,045 |
Sacramento Tree Foundation Incorporated Sacramento, CA | $3,265,919 | $4,002,510 |
Parks California Sacramento, CA | $7,283,148 | $1,499,602 |
Fred M Van Eck Forest Foundation For Purdue University San Francisco, CA | $21,951,741 | $2,950,389 |
Golden State Natural Resources Sacramento, CA | $2,111,183 | $0 |
Redding Stem Academy Redding, CA | $1,799,335 | $2,791,757 |
Pacific Environment And Resources Center San Francisco, CA | $8,100,347 | $5,258,651 |