Open Earth Foundation
- Assets
- $6.5m
- Revenue
- $7.6m
- Investments
- $576.3k
- Employees
- 2
- Location
- Marina Del Rey, CA
- Founding
- Data as of
- 12/2021
- EIN
- 85-3261449
Organization Overview
Open Earth Foundation is located in Marina Del Rey, CA. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Open Earth Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Earth Foundation 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
WE COLLABORATE TO CREATE AND DEPLOY OPEN SOURCE DIGITAL SOLUTIONS FOR A THRIVING PLANET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPENEARTH LAB - AS A REASEARCH AND DEPLOYMENT CLIMATE TECH NONPROFIT, THE OPENEARTH LAB IS WHERE INNOVATION ACROSS ALL PROJECTS OCCURS. THE LAB SUPPORTS COLLABORATION AMONG EXISTING PROJECTS AND IS WHERE NEW INNOVATIVE IDEAS EMERGE THAT WILL HELP OPEN EARTH FOUNCATION MOVE THE NEEDLE IN OUR MISSION AND DEVELOP NEW PROGRAMS.
UN CLIMATE CHANGE GLOBAL INNOVATION HUB - OPENEARTH COLLABORATES WITH THE UNFCCC TO DESIGN AND DEVELOP THE UNFCCC GLOBAL INNOVATION HUB, OR UGIH. LAUNCHED IN GLASGOW'S COP25, THE UGIH PROVIDES A CROSS-DISCIPLINARY COMMUNITY OF PRACTICE WITH BOTH A PHYSICAL AND VIRTUAL HUB TO CONNECT STAKEHOLDERS SEARCHING TO MEET CORE HUMAN NEEDS WITH BEST AVAILABLE CLIMATE AND SUSTAINABILITY SOLUTIONS. THE KEY AIM IS TO SUPPORT MEETING CORE HUMAN NEEDS WHILE SUPPORTING THE 1.5 DEGREES GOAL OF THE PARIS AGREEMENT.
OPENCLIMATE - OPENCLIMATE IS AN OPEN SOURCE AND DIGITALLY INTEGRATED CLIMATE ACCOUNTING SYSTEM DESIGNED TO HELP THE WORLD ACHIEVE THE EMISSION REDUCTION TARGETS SET IN THE PARIS AGREEMENT. ITS PURPOSE IS TO REMOVE FRICTION IN CLIMATE ACCOUNTING, BY WORKING TOWARDS INTEROPERABILITY BETWEEN DIFFERENT STANDARDS, REDUCING DOUBLE COUNTING AND CATALYZING COORDINATION TOWARDS CLIMATE GOALS. WE PRESENTED THE FIRST FULL PROTOTYPE CLIMATE ACCOUNTING SYSTEM AT THE COP26 AND DEPLOYED A PILOT OF OUR OPENCLIMATE PLATFORM WITH THE BRITISH COLUMBIA GOVERNMENT.
OPENOCEAN - THROUGH RESEARCH AND INNOVATION, WE ARE CREATING ADVANCED DIGITAL INFRASTRUCTURE TO INCREASE TRANSPARENCY IN OCEAN ACTIVITIES SUCH AS ECOSYSTEM SERVICES, FISHING, RECREATIONAL USE AND ILLEGAL INFRACTIONS. WE ENGAGE IN LARGE-SCALE COLLABORATIONS AND PARTNERSHIPS THAT INCLUDE LOCAL STAKEHOLDERS AND SCIENTISTS TO IDENTIFY THESE CHALLENGES AND DEVELOP FREELY AVAILABLE TOOLS DESIGNED TO IMPROVE THE MANAGEMENT OF MARINE PROTECTED AREAS.DIGITAL GAIA FOR EARTH - COLLABORATION WITH DIGITAL GAIA TO UNLOCK THE VALUE OF THE REGENERATIVE ECONOMY BY HELPING STEWARDS OPTIMIZE, DEMONSTRATE, AND MONETIZE THEIR PROJECTS' IMPACT, CREATING CLARITY, TRUST AND ACCOUNTABILITY FOR INVESTORS.OPENSOLAR - OPENSOLAR IS BEING DESIGNED AS AN OPEN SOURCE INTEROPERABILITY NETWORK FOR SOLAR FINTECH PLATFORMS, TO SHARE DATA AND TRUST THROUGH INTEGRATION. ITS PURPOSE IS TO REMOVE DATA AND FINANCE FRICTIONS AND DEMOCRATIZE SECURITIZED IMPACT INVESTING IN SOLAR ENERGY PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Wainstein Board Chair/executive Director | OfficerTrustee | 40 | $150,010 |
Christian Wiesenthal Vice Chair | Officer | 40 | $128,750 |
Katherine Foster Secretary | Officer | 40 | $107,268 |
Yihana Von Ritter Treasurer | Officer | 0.5 | $0 |
John Clippinger Director | Trustee | 1 | $0 |
Angel Hsu Director | Trustee | 1 | $0 |
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 | $7,487,204 |
| Noncash contributions included in lines 1a–1f | $6,662,054 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,487,204 |
| Total Program Service Revenue | $0 |
| Investment income | $118,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,641,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $386,028 |
| Compensation of current officers, directors, key employees. | $50,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,745 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,043 |
| Payroll taxes | $14,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,002 |
| Fees for services: Accounting | $24,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $290,048 |
| Advertising and promotion | $48,220 |
| Office expenses | $6,084 |
| Information technology | $19,057 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $57,839 |
| 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 | $876 |
| Insurance | $6,026 |
| All other expenses | $0 |
| Total functional expenses | $1,129,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $381,725 |
| 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 | $4,964 |
| Investments—publicly traded securities | $5,460,075 |
| Investments—other securities | $576,251 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,524,924 |
| Accounts payable and accrued expenses | $108,722 |
| Grants payable | $0 |
| Deferred revenue | $9,230 |
| 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 | $117,952 |
| Net assets without donor restrictions | $6,406,972 |
| 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 | $6,524,924 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Earth Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Carnegie Corporation Of New York New York, NY PURPOSE: AS ONE-TIME FUNDING FOR THE INDEPENDENT CLIMATE ACCOUNTING NETWORK AS PART OF A REQUEST FOR PROPOSALS (RFP) ON "REIMAGINING MULTILATERALISM" | $500,000 |
Endowment Analysis
| Earnings | -$27,257 |
| Admin Expense | $458 |
| Net Contributions | $5,500,000 |
| Ending Balance | $5,472,285 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reuben H Fleet Science Center San Diego, CA | $16,408,047 | $12,189,774 |
Open Earth Foundation Marina Del Rey, CA | $6,524,924 | $7,641,796 |
Graduate Fellowships For Science Technology Engineering And Los Angeles, CA | $408,751 | $1,174,530 |
The Aldrin Family Foundation Inc Los Angeles, CA | $325,258 | $1,263,674 |
International Union United Automobile Aerospace & Agricultura Palmdale, CA | $688,052 | $414,008 |
Womens Earth And Climate Action Network Mill Valley, CA | $1,406,378 | $1,001,264 |
Stanford Aviation Association Stanford, CA | $1,033,858 | $465,741 |
Air Spacers Santa Monica, CA | $887,269 | $360,043 |
Transducer Research Foundation Inc San Diego, CA | $418,968 | $362,893 |
Klamath Outdoor Science School Klamath Falls, OR | $434,185 | $404,690 |
Vacavilles Imagine That Vacaville, CA | $85,447 | $0 |
Association Of Aviation Ordnancemen Las Vegas, NV | $292,565 | $172,513 |