The Hudson Carbon Research Foundation Inc
- Assets
- $577.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Hudson, NY
- Founding
- Data as of
- 12/2022
- EIN
- 85-4324015
Organization Overview
The Hudson Carbon Research Foundation Inc is located in Hudson, NY. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2022, Hudson Carbon Research Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Carbon Research Foundation Inc 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HUDSON CARBON RESEARCH FOUNDATION, INC. IS DEDICATED TO AND ENGAGED IN THE STUDY OF REGENERATIVE AGRICULTRUAL PRACTICES, CARBON SEQUESTRATION, AND ECOLOGICAL RESTORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE RESEARCH TO BENEFIT FARMERS BY: DESIGNING AND IMPLENTING RESEARCH PROJECTS WITHIN UNIQUE AND INNOVATIVE REGENERATIVE FARMING SYSTEMS; THESE PROJECTS EXPLORE THE POTENTIAL OF THESE SYSTEMS TO SEQUESTER SOIL CARBON, REDUCE GHG EMISSIONS, IMPROVE HYDROLOGIC AND NUTRIENT CYCLING, AND ENHANCE BIODIVERSITY; BUILDING FOUNDATIONAL DATASETS THAT SUPPORT THE DEVELOPMENT AND SCALING OF THESE SYSTEMS BY PROVIDING BETTER ACCESS TO ECOSYSTEM SERVICE MARKETS. USING REMOTE SENSING, AI, AND OTHER TOOLS TO DEVELOP INNOVATIVE TECHNOLOGICAL SOLUTIONS TO SOLVE UNIQUE AND CRITICAL PROBLEMS AROUND MEASUREMENT AND VERIFICATION OF ENVIRONMENTAL OUTCOMES; AND TAKING EVERY OPPORTUNITY TO SHARE THE WORK AND DATA TO HELP DEVELOP BETTER TOOLS TO SUPPORT ECOSYSTEM SERVICE MARKETS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abby Rockefeller Board Member | Trustee | 1 | $0 |
Andre Leu Board Member | Trustee | 1 | $0 |
Elizabeth Kucinich Board Member | Trustee | 1 | $0 |
Benjamin Dobson Executive Director (2022) | Trustee | 40 | $125,590 |
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 | $1,015,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,015,000 |
| Total Program Service Revenue | $0 |
| Investment income | $31 |
| 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 | $1,040,103 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $125,590 |
| Other salaries and wages | $463,914 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $148,809 |
| Payroll taxes | $49,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,323 |
| Advertising and promotion | $0 |
| Office expenses | $3,403 |
| Information technology | $14,046 |
| Royalties | $0 |
| Occupancy | $8,316 |
| Travel | $34,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,614 |
| Interest | $2,060 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,757 |
| Insurance | $19,103 |
| All other expenses | $18,786 |
| Total functional expenses | $1,200,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,234 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,982 |
| 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 | $556,915 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $577,131 |
| Accounts payable and accrued expenses | $55,551 |
| 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 | $36,078 |
| Other liabilities | $0 |
| Total liabilities | $91,629 |
| Net assets without donor restrictions | $485,502 |
| 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 | $577,131 |