Terreform One Corp FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)EducationEIN 36-4633591Revenue $1.5M in FY2022

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.
79¢ of each $1 spent went to programs.
$74K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$74K
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
4 mo
of spending, in cash
Looks good: 4.0 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
$326K
37% of total assets
Looks good: liabilities are 37% 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
$1.5M
+243% vs prior year
Spent
$1.1M
To programs
79%
Net assets
$553K
By yearFY2020–FY2024
Revenue
$1.5M
FY2022▲ +243%
Tap a bar for its year
Revenue by fiscal year
FY2020$215K
FY2021$435K
FY2022$1.5M
FY2023$214K
FY2024$239K
Expenses
$1.1M
FY2022▲ +113%
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$517K
FY2022$1.1M
FY2023$735K
FY2024$269K
Net assets
$553K
FY2022▲ +224%
Tap a bar for its year
Net assets by fiscal year
FY2020$151K
FY2021$171K
FY2022$553K
FY2023$33K
FY2024$3K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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

79 cents of each dollar spent went to programs.

Program services 79% · $866K Management & general 21% · $233K

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; $74K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$64,000Pt VII · Sec A
$10,000Pt 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.

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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.

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Provided by the organization

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3 programs · $743K · in their own filed words · FY2022
01

Neom means new future. The land of the future, where the greatest minds and best talents are empowered to embody pioneering ideas and exceed boundries in a world inspired by imagination. Terreform hired to conceive future street furniture system for neom.

$581Kprogram expense
02

Founded in 2009, one lab is terreform's education arm and offers design programs and fellowships. One lab summer studios program provides high school students with a project-based summer program which introduces students to the fundementals of bio-materials, environmental, and regenerative design.

$84Kprogram expense
03

Home Alive

Multi-species dwelling made from 100% living grated woody plants. This architectural design research aims to investigate the stuctural and remediated applications of engineered living material (elms)in the built environment and their impact on biodiversity, focusing on the intersection between traditional earth-based building methods and…

$78Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$105K
Money outPt IX
$1.1M
Ln 25
Programscol B$866K
Managementcol C$233K
Owns and owesPt X
$553K
net assets · Ln 32
Cash and savingsLn 1–2$366K
Total assetsLn 16$880K
LiabilitiesLn 26$326K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$105K
Government grantsLn 1e$60K
Fees for servicesLn 2g$1.4M
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$366K
Cash and savings togetherLn 1–2$366K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$880K
LiabilitiesLn 26$326K
Net assetsLn 32$553K
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 FY22End FY22
Cash and savingsLn 1–2$171K$366K
Land, buildings, equipmentLn 10c$121$0
Total assetsLn 16$171K$880K
LiabilitiesLn 26$0$326K
Net assetsLn 32$171K$553K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$37K$37K
Pay of current officers, directors and key staffLn 5$64K$0$64K$0
Legal feesLn 11b$225$0$225$0
Accounting feesLn 11c$2K$0$2K$0
Advertising and promotionLn 12$8K$4K$4K$0
Office expensesLn 13$3K$500$3K$0
Information technologyLn 14$5K$0$5K$0
OccupancyLn 16$42K$0$42K$0
TravelLn 17$17K$15K$1K$0
Depreciation, depletion and amortizationLn 22$29K$0$29K$0
InsuranceLn 23$6K$0$6K$0
Other expenses (24a–d)Ln 24$481K$467K$14K$0
All other expensesLn 24e$406K$342K$64K$0
Total functional expensesLn 25$1.1M$866K$233K$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 Viewing $1.5M$1.1M$394K$553K 990 PDF
FY2021 $435K$517K−$82K$171K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $1,493,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,327$104,611
I-9 Program service revenuePrior year $372,839$1,388,592
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $435,166$1,493,203
I-13 Grants and similar amounts paidPrior year $21,580$36,740
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $370,038$64,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $125,048$998,421
I-18 Total expensesPrior year $516,666$1,099,161
I-19 Revenue less expensesPrior year −$81,500$394,042
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 $1,493,203 across 5 lines filed
Lines not itemized here account for $36,750 of total revenue; see the IRS return.
VIII-1e Government grants$59,500
VIII-1f All other contributions, gifts and grants$45,111
VIII-1h Total contributions, gifts and grants$104,611
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,351,842
VIII-12 Total revenueRelated to mission $1,388,592 · Unrelated business $0 · Excluded from tax $0$1,493,203
Part IX · Statement of functional expenses $1,099,161 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $36,740$36,740
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $64,000 · Fundraising $0$64,000
IX-11b Legal feesPrograms $0 · Management $225 · Fundraising $0$225
IX-11c Accounting feesPrograms $0 · Management $2,269 · Fundraising $0$2,269
IX-12 Advertising and promotionPrograms $3,848 · Management $4,009 · Fundraising $0$7,857
IX-13 Office expensesPrograms $500 · Management $2,834 · Fundraising $0$3,334
IX-14 Information technologyPrograms $0 · Management $4,781 · Fundraising $0$4,781
IX-16 OccupancyPrograms $0 · Management $41,843 · Fundraising $0$41,843
IX-17 TravelPrograms $15,189 · Management $1,452 · Fundraising $0$16,641
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $28,595 · Fundraising $0$28,595
IX-23 InsurancePrograms $0 · Management $5,649 · Fundraising $0$5,649
IX-24 Other expenses (24a–d)Programs $467,211 · Management $13,647 · Fundraising $0$480,858
IX-24e All other expensesPrograms $342,477 · Management $63,892 · Fundraising $0$406,369
IX-25 Total functional expensesPrograms $865,965 · Management $233,196 · Fundraising $0$1,099,161
Part X · Balance sheet $879,793 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $170,862$366,321
X-4 Accounts receivable$513,472
X-10c Land, buildings and equipment, netStart of year $121$0
X-16 Total assetsStart of year $170,983$879,793
X-17 Accounts payable and accrued expensesStart of year $0$176,344
X-26 Total liabilitiesStart of year $0$326,344
X-27 Net assets without donor restrictionsStart of year $170,983$553,449
X-32 Total net assets or fund balancesStart of year $170,983$553,449
X-33 Total liabilities and net assetsStart of year $170,983$879,793
Part XI · Reconciliation of net assets $553,449 net assets at year end
XI-1 Total revenue$1,493,203
XI-2 Total expenses$1,099,161
XI-3 Revenue less expenses$394,042
XI-4 Net assets at start of year$170,983
XI-10 Net assets at end of year$553,449

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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