Neighborhood Forest Inc
- Assets
- $32.9k
- Revenue
- $307.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- Data as of
- 06/2023
- EIN
- 86-2929372
Organization Overview
Neighborhood Forest Inc is located in Minneapolis, MN. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, 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. Neighborhood Forest 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 06/2023, Neighborhood Forest Inc generated $307.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $280.6k during the year ending 06/2023. While expenses have increased by 14.4% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
NEIGHBORHOOD FOREST IS A NON-PROFIT, SOCIAL VENTURE DEDICATED TO GIVING CHILDREN THEIR VERY OWN TREE TO PLANT ON EARTH DAY FOR FREE EVERY SPRING. WE LOVE TREES! WE LOVE PLANTING THEM AND WATCHING THEM GROW. WE WANT TO GIVE EVERY CHILD THE PRICELESS OPPORTUNITY AND JOY OF PLANTING AND WATCHING TREES GROW. AND, IN THE PROCESS, BEAUTIFY OUR NEIGHBORHOODS, REDUCE OUR CARBON FOOTPRINT, AND INSTILL IN THE HEARTS OF OUR LITTLE ONES A SENSE OF MAGIC, WONDER, & LOVE FOR OUR PLANET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD FOREST PROVIDED OVER 42,000 FREE TREES TO KIDS ACROSS NORTH AMERICA. IN THE PROCESS, WE ENGAGED OVER 100,000 VOLUNTEERS - CHILDREN, PARENTS, TEACHERS, GUARDIANS, AND FAMILIES - IN THE ACT OF PLANTING TREES - BEAUTIFYING URBAN AND RESIDENTIAL AREAS, REDUCING OUR CARBON FOOT PRINT, AND INSTILLING IN THE HEARTS OF OUR LITTLE ONES A SENSE OF MAGIC, WONDER, AND LOVE FOR TREES AND THE PLANET.FOR EVERY TREE NEIGHBORHOOD FOREST PROVIDES TO CHILDREN, WE SPAWN AN ESTIMATED 1 HOUR OF VOLUNTEER TIME - 2-4 PEOPLE SPENDING 20-30 MINUTES PREPARING, DISTRIBUTING, AND PLANTING THEIR TREES. IN 2022-2023, NEIGHBORHOOD FOREST'S EFFORTS SPAWNED AN ESTIMATED 100,000 HOURS OF VOLUNTEER TIME.
THE ORGANIZATION PLANTED MORE THAN 42,000 TREES IN THE CURRENT YEAR. SINCE 2010, THE ORGANIZATION HAS PLANTED 130,000 TREES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Argiro Board Chair | Officer | 1 | $0 |
Vikas Narula Executive Director | Officer | 45 | $61,252 |
Priya Narula Treasurer | Officer | 25 | $30,000 |
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 | $284,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,042 |
| Total Program Service Revenue | $23,616 |
| 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 | $307,724 |
| 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 | $76,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $52,873 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,830 |
| Advertising and promotion | $16,965 |
| Office expenses | $7,017 |
| Information technology | $1,678 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,095 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $280,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,927 |
| Savings and temporary cash investments | $0 |
| 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 | $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 | $32,927 |
| 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 | $6,632 |
| Total liabilities | $6,632 |
| Net assets without donor restrictions | $0 |
| 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 | $26,295 |
| Total liabilities and net assets/fund balances | $32,927 |