Open Earth Foundation
- Assets
- $3.3m
- Revenue
- $1.1m
- Investments
- $175.6k
- Employees
- 7
- Location
- Marina Del Rey, CA
- Founding
- Data as of
- 12/2023
- 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 12/2023, Open Earth Foundation employed 7 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.
For the year ending 12/2023, Open Earth Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. 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
WE COLLABORATE TO CREATE AND DEPLOY OPEN SOURCE DIGITAL SOLUTIONS FOR A THRIVING PLANET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPENCLIMATE - OPENCLIMATE IS AN OPEN SOURCE AND DIGITALLY INTEGRATED CLIMATE ACCOUNTING SYSTEM DESIGNED TO HELP THE WORLD ACHIEVE THE EMISSION REDUCTION TARGETS SET BY THE PARIS AGREEMENT. ITS PURPOSE IS TO REMOVE FRICTION BETWEEN DIFFERENT STANDARDS, REDUCING DOUBLE COUNTING AND CATALYSING 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.
ALL OTHER - OUR OCEAN PROGRAM DESIGNED A DRAFT SYSTEM FOR MARINE ECOSYSTEM CREDITS FOR FINANCING MARINE PROTECTED AREAS, WITH A CASE STUDY IN COSTA RICA AND CORRESPONDING WHITE PAPER. WE'VE BEEN WORKING TO CREATE AN INFRASTRUCTURE DESIGN THAT CAN INCREASE CONSERVATION FINANCE THROUGH TRANSPARENT NATURAL CAPITAL ACCOUNTING IN OCEANS, AND MAINTAIN HIGH BIODIVERSITY LEVELS. WE ALSO HAVE BEEN EXPLORING HOW NATURAL CAPITAL CAN EXTEND TO INNOVATIONS IN MONETARY SYSTEMS FOR NATURE RICH GLOBAL SOUTH COUNTRIES. OUR PARTNERSHIP WITH THE UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE IS SUPPORTING THE DESIGN AND DEVELOPMENT OF THE UNFCCC GLOBAL INNOVATION HUB, OR UGIH. IN COLLABORATION WITH UC BERKELEY AND CHAINLINK LABS, WE LAUNCHED AN INNOVATIVE SUITE OF DIGITAL CARBON PRICING TOOLS TO TRANSFORM THE WAY COMPANIES AND GOVERNMENTS ENGAGE WITH CLIMATE CHANGE LIABILITIES.
OPENEARTH LAB - AS A RESEARCH 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 FOUNDATION MOVE THE NEEDLE IN OUR MISSION AND DEVELOP NEW PROGRAMS.
CITYCATALYST - CITYCATALYST IS AN OPEN-SOURCE DIGITAL PRODUCT UTILIZING ADVANCED DATA TECHNIQUES TO ASSIST CITIES IN COMPILING AND MANAGING THEIR GHG INVENTORIES. BY ADDRESSING THE CHALLENGES OF COLLECTING, CALCULATING, AND MANAGING CLIMATE DATA, THIS SYSTEM STREAMLINES THE CREATION OF EFFECTIVE CLIMATE ACTION PLANS, HELPING CITIES TO FOCUS MORE RESOURCES ON EMISSIONS MITIGATION EFFORTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Wainstein Board Chair/executive Dire | OfficerTrustee | 40 | $149,387 |
Angel Hsu Board Member | Trustee | 1 | $0 |
Bill Melton Board Member | Trustee | 1 | $0 |
Jehan Chu Board Member | Trustee | 1 | $0 |
Melissa Hauser Secretary | Officer | 40 | $76,401 |
Yihana Von Ritter Treasurer (until 12/31/2023) | Officer | 0.5 | $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 | $1,107,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,107,127 |
| Total Program Service Revenue | $92,588 |
| Investment income | $82,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205,739 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,076,620 |
| 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. | $237,912 |
| Compensation of current officers, directors, key employees. | $40,732 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $331,004 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,430 |
| Payroll taxes | $45,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,131 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,280 |
| Office expenses | $2,050 |
| Information technology | $68,382 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,984 |
| Insurance | $6,152 |
| All other expenses | $196 |
| Total functional expenses | $1,459,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,144 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,400 |
| 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 | $11,003 |
| Net Land, buildings, and equipment | $9,734 |
| Investments—publicly traded securities | $2,818,239 |
| Investments—other securities | $175,626 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,282,146 |
| Accounts payable and accrued expenses | $19,619 |
| 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 | $19,619 |
| Net assets without donor restrictions | $3,262,527 |
| 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 | $3,282,146 |