Carbon Underground EIN 46-5582094 Form 990 (PDF) Claim this org

Carbon Underground FY2020 filing

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Restores soil health to draw down carbon and fight climate change. For fiscal year 2020 it reported $312K in revenue, $117K in expenses, and $322K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
Los Angeles, CA
Website
thecarbonunderground.org
Filings
4 on file (2020–2020)
Revenue
$312KFY2020
Expenses
$117K
Net assets
$322K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  46-5582094 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Restores soil health to draw down carbon and fight climate change.
Leadership
Howard Fischer · Director
Money in and out
$312K revenue, $117K expenses
Bottom line
60% program efficiency
Where the money goes · FY2020
Total revenue
$312K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $195K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.36 Fundraising $0.04
Program efficiency
60%
of spending reaches programs
Operating runway
32.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+63%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$312K
FY2020
Expenses
$117K
FY2020
Total assets
$322K
FY2020
Total liabilities
$0
FY2020
Total revenue
$312K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$322K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$195K
Total assetsPt X · Ln 16$322K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $70K of program spending, described in the organization's own filed words · FY2020.
01

Adopt-A-Meter

A global crowd-funding platform that educates and engages the public to catalyze a formidable climate solution through the adoption and restoration of soil. With corporate partners, celebrity influencers pushing out messaging, consumer activism grows by leveraging consumer purchasing power, social media promotion of brands aligned with…

$51Kprogram expense
02

Scientific Research

TCU works with governments, corporations, scientist and NGOs to educate, advise and implement programs that leverage multi-stakeholder initiatives that accelerate the restoration of soil health at scale.

$13Kprogram expense
03

Thailand Initiative

The Carbon Underground is working with the Thai Ministry of Agriculture to help the 35,000,000 farmers restore soil health through regenerative agricultural practices. This proof of concept project is the first of many.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCarbon Underground
EINHdr · item D46-5582094
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jthecarbonunderground.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C30)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Carbon Underground executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants100%$312K
Investment income$335
Total revenueLn 12$312K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.36 Fundraising $0.04
Program services60%$70K
Management & general36%$42K
Fundraising4%$5K
Total functional expensesLn 25$117K

Balance Sheet

Part X · end of year
CashLn 1$290K
Total assetsLn 16$322K
Total liabilitiesLn 26$0
Total net assetsLn 32$322K
Months of cash on handcomputed29.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $319K · Operating expenses/yr $117K
32.7 months
Where the money goes
Program services
Program services $70K · Total expenses $117K
60%
Management & General
Management & general $42K · Total expenses $117K
36%
Fundraising
Fundraising $5K · Total expenses $117K
4%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $312K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $312K · Total revenue $312K
100%
Government reliance
Government grants — · Total revenue $312K
Earned-income share
Program service revenue $0 · Total revenue $312K
0%
Investment reliance
Investment income $335 · Total revenue $312K
+0.1%
Program self-sufficiency
Program service revenue $0 · Total expenses $117K
0%
Growth & trend
Revenue growth (YoY)
This year $312K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $322K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $312K · Expenses $117K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $322K
Net-asset ratio
Net assets $322K · Total assets $322K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $29K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $322K
9%
People & payroll
Highest Reported Total Compensation
Individual Howard Fischer · Reported title Director · Highest reported compensation $0 · Total expenses $117K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $117K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 36%
Fundraising cost ratio 2%
Legal fee ratio 6%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 2 grants · $10K · 2020–2020
Rodale InstitutePA · FY2020$7,500
Savory Institute Org INCCO · FY2020$3,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$76K revenue · ⤓ 990 PDF
FY2023$121K revenue · ⤓ 990 PDF
FY2022$435K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$312K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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