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The Carbon Fund

Tax-deductible

Stoneville, MS501(c)(3)Science & Technology EIN 71-0879754Revenue $475K in FY2024

On file with the IRSthecarbonfund.orgPo Box 100, 38776-0100 · Stoneville, MSTax-exempt since Oct 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To match the interests of agencies and organizations interested in ecosystem restoration with those of emissions-concious donors interested in Carbon sequestration. To educate the public about the effective and efficient management of Carbon, a component of greenhouse gas that has been linked to global climate change. To establish partnerships with conservation groups and organizations, landowners and agencies that hold title to land to work together to restore native fish, wildlife and plant habitat.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
5 of 6
filings with a surplus
Average surplus $136K a year · 89% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
63 mo
of spending, in cash
Plus $592K in investments, Pt X · Ln 11–13
Looks good: 63.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $73K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$342K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$475K
+325% vs prior year
Spent
$42K
To programs
76%
Net assets
$1.0M
By yearFY2019–FY2024
Revenue
$475K
FY2024▲ +325%
Tap a bar for its year
Revenue by fiscal year
FY2019$85K
FY2020$150K
FY2021$101K
FY2022−$1K
FY2023$112K
FY2024$475K
Expenses
$42K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2019$2K
FY2020$1K
FY2021$5K
FY2022$7K
FY2023$46K
FY2024$42K
Net assets
$1.0M
FY2024▲ +72%
Tap a bar for its year
Net assets by fiscal year
FY2019$412K
FY2020$561K
FY2021$547K
FY2022$538K
FY2023$604K
FY2024$1.0M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2006.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $32K Management & general 24% · $10K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Carbon Fund 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects restoration projects with donors, educates on carbon management, and partners to restore habitats.

Questions for The Carbon Fund

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Provided by the organization

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1 program · $32K · in their own filed words · FY2024
01

The organization works to promote the protection, restoration, and enhancement of forests through carbon sequestration.

$32Kprogram 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 · FY2024
National Fish and Wildlife FoundationFY2024$56K
Donor Advised Charitable Giving INCFY2024$9K
Fidelity Investments Charitable Gift FundFY2024$7K
Total grants receivedfrom 3 funders$73K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$475K
Ln 12
Gifts and grantsLn 1h$399K
Investment incomeLn 3$72K
Other incomeLn 4–11$4K
Money outPt IX
$42K
Ln 25
Programscol B$32K
Managementcol C$10K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$1.4M
LiabilitiesLn 26$342K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$399K
Government grantsLn 1e$49K
Investment incomeLn 3$72K
Other incomeLn 4–11$4K
Total revenueLn 12$475K
Assets in detailPt X, end of year
CashLn 1$219K
Cash and savings togetherLn 1–2$219K
InvestmentsLn 11–13$592K
Land, buildings, equipmentLn 10c$472K
Other assetsLn 15$96K
Total assetsLn 16$1.4M
LiabilitiesLn 26$342K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$78K$219K
InvestmentsLn 11–13$520K$592K
Land, buildings, equipmentLn 10c$274K$472K
Total assetsLn 16$968K$1.4M
LiabilitiesLn 26$364K$342K
Net assetsLn 32$604K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$24K$24K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$238$238
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$4K$4K
Other expenses (24a–d)Ln 24$648$648
Total functional expensesLn 25$42K$32K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $475K$42K$434K$1.0M 990 PDF
FY2023 $112K$46K$66K$604K 990 PDF
FY2022 −$1K$7K−$9K$538K 990 PDF
FY2021 $101K$5K$96K$547K 990 PDF
FY2020 $150K$1K$149K$561K 990 PDF
FY2019 $85K$2K$82K$412K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $475,170 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $44,328$399,477
I-9 Program service revenuePrior year $3,575$0
I-10 Investment incomePrior year $63,970$72,118
I-11 Other revenuePrior year $0$3,575
I-12 Total revenuePrior year $111,873$475,170
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,490$23,841
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $29,669$17,772
I-18 Total expensesPrior year $46,159$41,613
I-19 Revenue less expensesPrior year $65,714$433,557
Part VI · Governance 14 of 14 board members independent, 5 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $475,170 across 7 lines filed
VIII-1d Related organizations$325,000
VIII-1e Government grants$48,812
VIII-1f All other contributions, gifts and grants$25,665
VIII-1h Total contributions, gifts and grants$399,477
VIII-3 Investment incomeRelated to mission $72,118$72,118
VIII-6 Net rental income or lossRelated to mission $3,575$3,575
VIII-12 Total revenueRelated to mission $75,693 · Unrelated business $0 · Excluded from tax $0$475,170
Part IX · Statement of functional expenses $41,613 across 6 lines filed
IX-7 Other salaries and wagesPrograms $23,841$23,841
IX-11c Accounting feesManagement $9,775$9,775
IX-13 Office expensesManagement $238$238
IX-17 TravelPrograms $3,414$3,414
IX-22 Depreciation, depletion and amortizationPrograms $3,697$3,697
IX-24 Other expenses (24a–d)Programs $648$648
IX-25 Total functional expensesPrograms $31,600 · Management $10,013 · Fundraising $0$41,613
Part X · Balance sheet $1,379,982 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $78,114$219,280
X-10c Land, buildings and equipment, netStart of year $273,583$472,475
X-13 Program-related investmentsStart of year $519,850$591,967
X-15 Other assetsStart of year $96,260$96,260
X-16 Total assetsStart of year $967,807$1,379,982
X-17 Accounts payable and accrued expensesStart of year $38,678$44,546
X-25 Other liabilitiesStart of year $325,000$297,750
X-26 Total liabilitiesStart of year $363,678$342,296
X-27 Net assets without donor restrictionsStart of year $604,129$1,037,686
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $604,129$1,037,686
X-33 Total liabilities and net assetsStart of year $967,807$1,379,982
Part XI · Reconciliation of net assets $1,037,686 net assets at year end
XI-1 Total revenue$475,170
XI-2 Total expenses$41,613
XI-3 Revenue less expenses$433,557
XI-4 Net assets at start of year$604,129
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,037,686

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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