Understory Project Inc is located in New York, NY. According to its NTEE Classification (C02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Understory Project 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE UNDERSTORY IS A NONPROFIT ORGANIZATION WITH A MISSION TO RESTORE FOREST LANDSCAPES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGING THE FUNDING GAP THAT FOREST MANAGERS FACE WHEN SCALING UP FOREST RESTORATION WORK. OUR VISION IS TO BUILD A MARKETPLACE WHERE FOREST MANAGERS CAN PRESENT FOREST RESTORATION PROJECTS AND CONNECT WITH INSTITUTIONAL PHILANTHROPIC INVESTORS SUCH AS FOURTUNE 500 COMPANIES. CURRENT AREAS OF FOCUS ARE: MONONGAHELA NATIONAL FOREST, GIANT SEQUOIA RESTORATION, AND BIOMASS INDUSTRY SUPPORT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Benjamin Williams III Cofounder &pres | OfficerTrustee | 5 | $37,800 |
Umar Ashfaq Cofounder | Trustee | 5 | $0 |
Danny Thiemann Board Member | Trustee | 5 | $0 |
Aleem Ahmed Board Member | Trustee | 5 | $0 |
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 | $280,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $280,000 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $280,000 |
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 | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $40,692 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $4,101 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $8,772 |
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 | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $74,588 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $19,561 |
Savings and temporary cash investments | $50,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $135,851 |
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 | $205,412 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $205,412 |
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 | $205,412 |
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New York Water Environment Association Inc Syracuse, NY | $2,494,072 | $1,036,674 |
Climate Action Systems Inc Cambridge, MA | $258,711 | $94 |
Edward Street Day Care Center Inc Worcester, MA | $2,623,767 | $755,268 |
Onondaga Environmental Institute Inc Syracuse, NY | $238,896 | $590,427 |
Community Science Institute Inc Ithaca, NY | $100,245 | $369,625 |
Closed Loop Foundation New York, NY | $456,206 | $0 |
Paul F Brandwein Institute Inc Port Jervis, NY | $668,193 | $154,598 |
Passaic River Coalition Morristown, NJ | $16,663,278 | $217,341 |
Understory Project Inc New York, NY | $205,412 | $280,000 |