Canopy Planet Foundation
- Assets
- $8.7m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Blaine, WA
- Founding
- Data as of
- 03/2024
- EIN
- 87-4752209
Organization Overview
Canopy Planet Foundation is located in Blaine, WA. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 03/2024, Canopy Planet Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canopy Planet Foundation 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 03/2024, Canopy Planet Foundation generated $8.9m in total revenue. All expenses for the organization totaled $3.3m during the year ending 03/2024. While expenses have increased by 309.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING BOLD ACTION PLANS AND SUSTAINABLE SYSTEMS TO PRESERVE ANCIENT AND ENDANGERED FORESTS AND SUPPORT LIFE ON EARTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
P4G: PACK4GOOD WAS LAUNCHED IN 2019 TO TRANSFORM UNSUSTAINABLE PAPER PACKAGING SUPPLY CHAINS AND SCALE-UP SOLUTIONS THAT HELP PROTECT CRITICAL FOREST LANDSCAPES. AS OF 2022, OVER 300 BRANDS ACROSS SEVERAL INDUSTRIES (INCLUDING FASHION, BEAUTY, FOOD/BEVERAGE, TELECOMMUNICATIONS AND PRINTING) HAVE SIGNED ONTO PACK4GOOD, COMMITTING TO NOT SOURCING THEIR PAPER PACKAGING FROM ANCIENT AND ENDANGERED FORESTS.
GRANTS TO OTHER ORGANIZATIONS (CANOPY PLANET SOCIETY)
CANOPY STYLE & LOH -A FASHION-FOCUSED INITIATIVE THAT WORKS TO SHIFT MAN-MADE CELLULOSIC FIBRES SUPPLY CHAINS OUT OF ANCIENT AND ENDANGERED FORESTS (AEF) TO LOWER-IMPACT ALTERNATIVES, WHILST SCALING UP SOLUTIONS THAT WILL HELP TO PROTECT FORESTS. LOH -CANOPY WORKS TO PROTECT LANDSCAPES OF HOPE AROUND THE WORLD. CANOPY HAS CONTRIBUTED TO THE PROTECTION OF OVER 11.4 MILLION HECTARES OF KEY FOREST LANDSCAPES, WITH 5.5 MILLION HECTARES EITHER NEWLY PROTECTED OR MAINTAINED UNDER A MORATORIUM ON LOGGING IN THE LAST TWO YEARS. KEEPING FOREST ECOSYSTEMS INTACT ALL AROUND THE WORLD FROM THE AMAZON, TO THE BOREAL, TO THE TROPICS, AND COASTAL TEMPERATE RAINFORESTS IS INTEGRAL FOR OUR SURVIVAL. WHEN WE PROTECT FOREST ECOSYSTEMS, WE ENSURE THAT BIODIVERSITY IS PROTECTED, CARBON IS STORED, OUR CLIMATE IS BALANCED, TRADITIONAL AND INDIGENOUS COMMUNITIES ARE SUSTAINED, AND HUMANS HAVE A BETTER CHANCE TO THRIVE.
NEXT GEN SOLUTIONS: CANOPY WORKS WITH BRAND PARTNERS TO SUPPORT NEXT GEN PRODUCTS/SYSTEMS/DESIGNS AND WORKS WITH PRODUCERS TO ADOPT TECHNOLOGIES TO PRODUCE MORE NEXT GEN OPTIONS. NEXT GEN SOLUTIONS ARE 1) PRODUCTS THAT ARE MADE WITH RAW MATERIALS WITH A LOWER FOOTPRINT THAN WOOD FIBRE AND 2) SMART LOGISTICS SYSTEMS AND PRODUCT DESIGNS (SUCH AS RE-USABLE SHIPPING BOXES AND CLOTHING RENTAL SERVICES) THAT ENABLE BUSINESSES TO USE FAR LESS RAW RESOURCES. BY USING NEXT GEN ALTERNATIVES, WE DON'T DESTROY PRECIOUS FOREST HABITAT AND WE DO REDUCE CARBON EMISSIONS AND ENABLE A CIRCULAR ECONOMY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracie Wagman Board Chair | OfficerTrustee | 0.5 | $0 |
Cristina Colissimo Board Secretary | OfficerTrustee | 0.5 | $0 |
Jodie Tonita Board Treasurer | OfficerTrustee | 0.5 | $0 |
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 | $8,414,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,414,716 |
| Total Program Service Revenue | $200,551 |
| Investment income | $5,399 |
| 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 | $8,900,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,940,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,390 |
| Payroll taxes | $21,466 |
| Fees for services: Management | $812 |
| Fees for services: Legal | $89,716 |
| Fees for services: Accounting | $11,910 |
| 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 | $704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,682 |
| Travel | $0 |
| 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 | $413 |
| Total functional expenses | $3,331,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,274,273 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,180,347 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,544 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,096 |
| 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 | $8,659,260 |
| Accounts payable and accrued expenses | $3,035,412 |
| 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 | $3,035,412 |
| Net assets without donor restrictions | $5,623,848 |
| 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 | $8,659,260 |