501cthree Corp
- Assets
- $338.4k
- Revenue
- $742.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 84-3242801
Organization Overview
501cthree Corp is located in Los Angeles, CA. The organization was established in 2019. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, 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. 501cthree Corp 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, 501cthree Corp generated $742.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
501CTHREE BRINGS ATTENTION TO THE SOLUTIONS THAT WILL HELP BUILD A CLEANER, MORE SUSTAINABLE, AND MORE EQUITABLE FUTURE. THE WATER BOX IS 501CTHREES PROGRAM TO PROVIDE UNLIMITED CLEAN, SAFE WATER TO PEOPLE IN COMMUNITIES WHERE DRINKING WATER IS UNSAFE OR INACCESSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
501CTHREE RAISES AWARENESS OF WATER QUALITY ISSUES, WATER ACCESS, AND THE WORK OF OUR COMMUNITY PARTNERS TO PROVIDE THEIR RESIDENTS WITH SAFE, CLEAN WATER THROUGH CREATIVE, IMPACTFUL STORYTELLING AND ONLINE CONTENT. OUR OUTREACH LED TO THE DONATION OF OVER 2,000 REUSABLE WATER CARRIERS TO COMMUNITIES IN NEED FROM DONORS AROUND THE WORLD.
501CTHREES WATER BOX PROGRAM PROVIDES UNLIMITED CLEAN, SAFE WATER TO PEOPLE IN COMMUNITIES WITH UNSAFE DRINKING WATER. BECAUSE IT IS IMPORTANT THAT RESIDENTS TRUST THE PEOPLE THEY RECEIVE WATER FROM, 501CTHREE SUPPORTS COMMUNITY ORGANIZATIONS IN FLINT, NEWARK AND LOS ANGELES SKID ROW TO ADMINISTER THE WATER BOX PROGRAM - WHICH INCLUDES WATER DISTRIBUTION, TESTING, AND COMMUNICATION. IN 2020, 501CTHREE EXPANDED THE WATER BOX PROGRAM TO THREE NEW LOCATIONS IN TWO ADDITIONAL CITIES AND DISTRIBUTED 35,000 GALLONS OF SAFE DRINKING WATER.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Five Towers Consulting | 12/30/21 | $129,869 |
Facet Creative Llc Consulting | 12/30/21 | $247,157 |
Last Kilometer Inc Consulting | 12/30/21 | $180,544 |
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 | $739,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $739,256 |
| Total Program Service Revenue | $0 |
| Investment income | $3,251 |
| 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 | $742,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $81,368 |
| 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 | $105,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,498 |
| Fees for services: Management | $771,307 |
| Fees for services: Legal | $32,250 |
| Fees for services: Accounting | $9,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $259 |
| Fees for services: Other | $10,400 |
| Advertising and promotion | $4,829 |
| Office expenses | $5,317 |
| Information technology | $17,110 |
| Royalties | $0 |
| Occupancy | $39,549 |
| Travel | $76,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,111 |
| All other expenses | $188,119 |
| Total functional expenses | $1,378,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,301 |
| Savings and temporary cash investments | $249,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,426 |
| Accounts payable and accrued expenses | $31,427 |
| 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 | $31,427 |
| Net assets without donor restrictions | $306,999 |
| 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 | $338,426 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that 501cthree Corp has recieved totaling $344,187.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $194,187 |
One Valley Community Foundation Bozeman, MT PURPOSE: WATERBOX BUILD & PROGRAM FOR SD | $75,000 |
Solutions Project Inc Oakland, CA PURPOSE: Sponsorship | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bonneville Environmental Foundation Portland, OR | $37,270,230 | $22,287,565 |
Heat And Frost Insulators And Allied Work Hlth And Welf Trst Fnd West Covina, CA | $22,035,506 | $17,164,369 |
Valley Water Management Company Bakersfield, CA | $39,706,744 | $18,737,791 |
Oregon Climate Trust Portland, OR | $32,274,539 | $14,712,148 |
Valley Can Sacramento, CA | $1,279,199 | $6,833,414 |
Southern California Mountains Foundation San Bernardino, CA | $4,368,064 | $6,209,639 |
Nature And Culture International Del Mar, CA | $9,466,383 | $7,280,421 |
Blue Hills Environmental Association Eagar, AZ | $2,022,492 | $3,802,818 |
Seventh Generation Advisors Santa Monica, CA | $10,066,340 | $3,860,775 |
Environmental Research Center Inc San Diego, CA | $11,028,825 | $2,712,741 |
Community Environmental Council Inc Santa Barbara, CA | $3,801,390 | $2,257,942 |
Clean Rivers Cooperative Portland, OR | $2,572,221 | $1,809,816 |