Larsen-Lam Climate Change Foundation
- Assets
- $37.4m
- Revenue
- $52.8m
- Investments
- $2.9m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- Data as of
- 11/2021
- EIN
- 85-4312409
Organization Overview
Larsen-Lam Climate Change Foundation is located in San Francisco, CA.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PRIMARY OBJECTIVE IS TO MAKE PROGRESS TOWARDS ENVIRONMENTAL PRESERVATION, COMBATING COMMUNITY DETERIORATION, AND LESSENING THE BURDENS OF GOVERNMENT, BY ENGAGING DIRECTLY IN ACTIVITIES THAT WILL HAVE A DIRECT AND SIGNIFICANT IMPACT ON COMBATTING CLIMATE CHANGE.THE FOUNDATION IS ENGAGED AND WORKING WITH OMNI CONVERSION TECHNOLOGIES AND H-CYCLE LLC TO CREATE A DEMONSTRATION FACILITY THAT WILL PROCESS MUNICIPAL SOLID WASTE ON AN EMISSION-FREE BASIS, PRODUCING CLEAN HYDROGEN IN THE PROCESS.
THE FOUNDATION IS WORKING TO COMBAT CLIMATE CHANGE THROUGH THE SPREAD OF INFORMATION ON THE WEBSITE WWW.CLEANUPBITCOIN.COM. THE GOAL IS TO EDUCATE CURRENT AND FUTURE CRYPTOCURRENCY USERS OF THE POLLUTION CAUSED FROM TRADITIONAL BITCOIN MINING, WHICH CAN POTENTIALLY BE NEGATED THROUGH THE ALTERING OF THE BITCOIN CODE. THE FOUNDATION IS WORKING WITH THE EARTH GENOME AND FENTON ARLOOK TO CLEAN UP THE BITCOIN CODE.
THE FOUNDATION IS WORKING WITH CLIMEWORKS TO REDUCE THE CARBON FOOTPRINT AND TO REMOVE HISTORIC AMOUNTS OF EMISSIONS FROM THE AIR. CLIMEWORKS USES A TECHNOLOGY CALLED 'DIRECT AIR CAPTURE' TO CAPTURE CARBON DIOXIDE DIRECTLY FROM THE AIR. WHEN THE REMOVED AIR IS COMBINED WITH UNDERGROUND STORAGE, IT ALLOWS THE PERMANENT REMOVAL OF EXCESS AND LEGACY CO2 EMISSIONS, WHICH CAN NO LONGER CONTRIBUTE TO CLIMATE CHANGE. THE FOUNDATION HAS ORDERED 300 TONS OF CARBON DIOXIDE TO BE REMOVED FROM THE AIR AND PERMANENTLY STORED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christian A Larsen Director Secretary | 30 | $0 | |
Lyna T Lam Manager | 5 | $0 | |
Bora Lam Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,874,309 |
| Interest on Savings | $79,078 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,811,087 |
| Capital Gain Net Income | $35,512,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,764,474 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $544,184 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $379,240 |
| Total operating and administrative expenses | $1,152,544 |
| Contributions, gifts, grants paid | $14,215,500 |
| Total expenses and disbursements | $15,368,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $13,995,149 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $75,077 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,324 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,865,388 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,500,000 |
| Total assets | $37,446,939 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $50,509 |
| Total liabilities | $50,509 |
Grants Awarded
Over the last fiscal year, Larsen-Lam Climate Change Foundation has awarded $14,215,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
RMI PURPOSE: ENVIRONMENT | $10,135,200 |
ARTS HELP PURPOSE: ENVIRONMENT | $3,976,709 |
ARTS HELP PURPOSE: ENVIRONMENT | $103,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Cities Counseling And Consultation Kent, WA | $68,516,464 | $52,441,462 |
Clean Air California San Rafael, CA | $105,149 | $50,028,663 |
Olympic Club San Francisco, CA | $139,553,098 | $52,824,082 |
Senior Housing Assistance Group Bellevue, WA | $19,510,014 | $47,584,757 |
Rehabilitation Hospital Of The Pacific Honolulu, HI | $92,438,994 | $51,014,066 |
Guide Dogs For The Blind Inc San Rafael, CA | $528,074,429 | $68,313,172 |
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Los Angeles County Museum Of Natural History Foundation Los Angeles, CA | $310,771,263 | $64,336,067 |
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Donor Alliance Inc Denver, CO | $111,360,306 | $58,379,517 |
Tmc Medical Network Tucson, AZ | $11,838,575 | $36,338,871 |
Parkview Health Systems Inc Pueblo, CO | $227,277 | $49,526,192 |