Terreform One Corp FY2020 filing

Tax-deductible

Brooklyn, NY501(c)(3)EducationEIN 36-4633591Revenue $215K in FY2020

On file with the IRS63 Flushing Ave Unit 212, 11205-1072 · Brooklyn, NYTax-exempt since Apr 2009Publicly supported charity — 170(b)(1)(A)(vi)

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We develop innovative concepts and technologies for local sustainability in energy, transportation, infrastructure, buildings, waste treatments, food, water, and to educate the public.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$15K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $45K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$215K
Spent
$203K
To programs
84%
Net assets
$151K
By yearFY2020–FY2024
Revenue
$215K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$215K
FY2021$435K
FY2022$1.5M
FY2023$214K
FY2024$239K
Expenses
$203K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$517K
FY2022$1.1M
FY2023$735K
FY2024$269K
Net assets
$151K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$151K
FY2021$171K
FY2022$553K
FY2023$33K
FY2024$3K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $171K Management & general 16% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$15,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Vivian Kuan’s $36K as Executive Director is at the 28th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Vivian Kuan$36,260$64,000$73,000$15,000
Mitchell Joachim—$10,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Terreform One Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops sustainable local solutions and educates the public on energy, transport, and more.

Provided by the organization

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3 programs · $171K · in their own filed words · FY2020
01

ONE Lab Fellowship Program is a research program funded by Ove Arup Foundation to advance new research and construction technologies in the built environment, and ultimately to integrate nature into inner city structures to improve the environment.

$92Kprogram expense
02

Engaging speakers and architects to educate the public about the ability to use natural resources to solve environmental challenges and the need to increase bio-diversity in construction of residential homes.

$73Kprogram expense
03

Our 2020-2021 "A New View Camden" is a multi-faceted Urban Renewal Program as a way to use public art to fight urban blight and to bring artists and communities together to help frame "A new View" for Camden NJ.

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$215K
Ln 12
Fees for servicesLn 2g$135K
Gifts and grantsLn 1h$79K
Money outPt IX
$203K
Ln 25
Programscol B$171K
Managementcol C$33K
Owns and owesPt X
$151K
net assets · Ln 32
Cash and savingsLn 1–2$151K
Total assetsLn 16$151K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Fees for servicesLn 2g$135K
Total revenueLn 12$215K
Assets in detailPt X, end of year
CashLn 1$151K
Cash and savings togetherLn 1–2$151K
Land, buildings, equipmentLn 10c$169
Total assetsLn 16$151K
LiabilitiesLn 26$0
Net assetsLn 32$151K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$141K$151K
Land, buildings, equipmentLn 10c$254$169
Total assetsLn 16$141K$151K
LiabilitiesLn 26$1K$0
Net assetsLn 32$140K$151K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$67K$67K
Pay of current officers, directors and key staffLn 5$71K$71K$0$0
Other salaries and wagesLn 7$2K$2K$0$0
Accounting feesLn 11c$684$0$684$0
Advertising and promotionLn 12$1K$0$1K$0
Office expensesLn 13$3K$117$3K$0
Information technologyLn 14$216$0$216$0
OccupancyLn 16$41K$20K$21K$0
TravelLn 17$2K$2K$221$0
Depreciation, depletion and amortizationLn 22$85$0$85$0
InsuranceLn 23$6K$0$6K$0
Other expenses (24a–d)Ln 24$10K$9K$1K$0
Total functional expensesLn 25$203K$171K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $239K$269K−$30K$3K 990 PDF
FY2023 $214K$735K−$521K$33K 990 PDF
FY2022 $1.5M$1.1M$394K$553K 990 PDF
FY2021 $435K$517K−$82K$171K 990 PDF
FY2020 Viewing $215K$203K$11K$151K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $214,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,250$79,326
I-9 Program service revenuePrior year $395,375$135,404
I-10 Investment income$0
I-11 Other revenuePrior year $577$0
I-12 Total revenuePrior year $406,202$214,730
I-13 Grants and similar amounts paid$66,550
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $186,654$72,987
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $109,931$63,911
I-18 Total expensesPrior year $296,585$203,448
I-19 Revenue less expensesPrior year $109,617$11,282
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $214,730 across 4 lines filed
VIII-1f All other contributions, gifts and grants$79,326
VIII-1h Total contributions, gifts and grants$79,326
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$135,404
VIII-12 Total revenueRelated to mission $135,404 · Unrelated business $0 · Excluded from tax $0$214,730
Part IX · Statement of functional expenses $203,448 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $66,550$66,550
IX-5 Pay of current officers, directors and key staffPrograms $70,987 · Management $0 · Fundraising $0$70,987
IX-7 Other salaries and wagesPrograms $2,000 · Management $0 · Fundraising $0$2,000
IX-11c Accounting feesPrograms $0 · Management $684 · Fundraising $0$684
IX-12 Advertising and promotionPrograms $0 · Management $1,321 · Fundraising $0$1,321
IX-13 Office expensesPrograms $117 · Management $2,664 · Fundraising $0$2,781
IX-14 Information technologyPrograms $0 · Management $216 · Fundraising $0$216
IX-16 OccupancyPrograms $20,000 · Management $20,727 · Fundraising $0$40,727
IX-17 TravelPrograms $2,043 · Management $221 · Fundraising $0$2,264
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $85 · Fundraising $0$85
IX-23 InsurancePrograms $0 · Management $5,572 · Fundraising $0$5,572
IX-24 Other expenses (24a–d)Programs $9,000 · Management $1,261 · Fundraising $0$10,261
IX-25 Total functional expensesPrograms $170,697 · Management $32,751 · Fundraising $0$203,448
Part X · Balance sheet $151,178 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $141,044$151,009
X-10c Land, buildings and equipment, netStart of year $254$169
X-16 Total assetsStart of year $141,298$151,178
X-17 Accounts payable and accrued expensesStart of year $1,403$0
X-26 Total liabilitiesStart of year $1,403$0
X-27 Net assets without donor restrictionsStart of year $139,895$151,178
X-32 Total net assets or fund balancesStart of year $139,895$151,178
X-33 Total liabilities and net assetsStart of year $141,298$151,178
Part XI · Reconciliation of net assets $151,178 net assets at year end
XI-1 Total revenue$214,730
XI-2 Total expenses$203,448
XI-3 Revenue less expenses$11,282
XI-4 Net assets at start of year$139,895
XI-10 Net assets at end of year$151,178

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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