Bcarbon Inc
- Assets
- $1.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Houston, TX
- Founding
- Data as of
- 12/2023
- EIN
- 85-4254549
Organization Overview
Bcarbon Inc is located in Houston, TX. 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 12/2023, Bcarbon Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bcarbon 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 12/2023, Bcarbon Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.4% each year . All expenses for the organization totaled $1.6m 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
TO ENABLE SUSTAINABLE CLIMATE CONSERVATION WITH A NATURE-BASED CARBON REGISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BCARBON CREATES AND MAINTAINS STANDARDS AND PROGRAMS TO ACHIEVE SUSTAINABLE CLIMATE CHANGE GOALS TO PROTECT AND CONSERVE THE ENVIRONMENT FOR THE BENEFIT OF THE GENERAL PUBLIC BASED ON NATURE-BASED SOLUTIONS. BCARBON REVIEWS AND CERTIFIES APPLICATIONS FOR BOTH SOIL AND TIMBER CARBON CREDITS TO DETERMINE WHETHER THEY MEET BCARBON'S CRITERIA FOR CREDIT ISSUANCE. CREDITS ARE ISSUED AND REGISTERED ON A BLOCKCHAIN ACCOUNTING SYSTEM TO KEEP UP WITH SUBSEQUENT TRANSACTIONS.
BCARBON IS WORKING WITH THE EAST FOUNDATION TO DEVELOP A CREDITING PROTOCOL FOR BIODIVERSITY THAT WILL ATTEMPT TO ESTABLISH VALUE FOR PROPERTIES THAT EXHIBIT GREAT BIOLOGICAL DIVERSITY, WITH AN INITIAL FOCUS ON SOUTH TEXAS RANCHLANDS AND THE ENDANGERED OCELOT WHICH IS A SMALL SPOTTED CAT THAT LIVES IN THE DEEP BRUSH OF SOUTH TEXAS.
BCARBON HAS CREATED A COASTAL PROTOCOL THAT WILL PROTECT COASTAL WETLANDS FROM SEA LEVEL RISE AND PROVIDE CARBON CREDITS AT THE SAME TIME.
BCARBON IS WORKING WITH PRAIRIE VIEW A&M UNIVERSITY AND THE U.S. BUSINESS COUNCIL FOR SUSTAINABLE DEVELOPMENT TO DEVELOP A PROGRAM FOR SMALL AFRICAN-AMERICAN LANDOWNERS IN EAST TEXAS TO HELP THEM CREATE WHAT IS CALLED THE SMALL LANDOWNER CARBON COLLABORATIVE THAT WE INTEND TO BECOME A MODEL FOR SMALL LANDOWNER PARTICIPATION IN THE CARBON MARKET THROUGHOUT THE UNITED STATES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James B Blackburn Jr Chair, President/ceo | OfficerTrustee | 40 | $77,706 |
Robin D Rather COO (thru 10/2023) | OfficerTrustee | 30 | $102,702 |
Joe Swinbank Treasurer | OfficerTrustee | 1 | $0 |
Jose Beceiro Secretary | OfficerTrustee | 1 | $0 |
Elliott Boullion Director | Trustee | 1 | $0 |
Joni Carswell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rock Matrix Project Mgmt, Field Supervision | 12/30/23 | $150,000 |
Lalise Whorton Mason Living Shoreline Analysis | 12/30/23 | $111,300 |
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 | $1,360,467 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,360,467 |
| Total Program Service Revenue | $836,908 |
| Investment income | $25,269 |
| 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 | $2,222,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $180,408 |
| Compensation of current officers, directors, key employees. | $130,355 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,322 |
| Payroll taxes | $28,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $130,030 |
| Fees for services: Accounting | $7,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $301,817 |
| Advertising and promotion | $0 |
| Office expenses | $11,591 |
| Information technology | $11,829 |
| Royalties | $0 |
| Occupancy | $32,500 |
| Travel | $9,896 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,741 |
| All other expenses | $0 |
| Total functional expenses | $1,575,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,375 |
| Savings and temporary cash investments | $1,286,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,935 |
| 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 | $1,438,079 |
| Accounts payable and accrued expenses | $9,088 |
| 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 | $9,088 |
| Net assets without donor restrictions | $27,168 |
| Net assets with donor restrictions | $1,401,823 |
| 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 | $1,438,079 |